Houston Media Source Inc
- Assets
- $7.9m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 11
- Location
- Houston, TX
- Founding
- 12/1987
- Data as of
- 06/2022
- EIN
- 76-0194617
Organization Overview
Houston Media Source Inc is located in Houston, TX. The organization was established in 1987. According to its NTEE Classification (A32) the organization is classified as: Television, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Houston Media Source Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Houston Media Source Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Houston Media Source Inc generated $1.7m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $2.2m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
HOUSTON MEDIASOURCE PROVIDES PUBLIC ACCESS CABLE TELEVISION PROGRAMMING FOR THE CITY OF HOUSTON.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSTON MEDIASOURCE (HMS) WAS CREATED IN 1986 BY THE CITY OF HOUSTON (THE CITY) TO COORDINATE AND DEVELOP ALL PUBLIC AND EDUCATIONAL CABLE ACCESS ACTIVITIES FOR ACCESS TO CABLE TELEVISION FRANCHISES LICENSED TO OPERATE IN THE CITY. THE BOARD OF DIRECTORS IS APPOINTED BY THE MAYOR OF THE CITY, SUBJECT TO CITY COUNCIL'S APPROVAL. HMS RECEIVES FUNDING PRIMARILY FROM CABLE TELEVISION FRANCHISE ACCESS FEES ALLOCATED BY THE CITY. HMS PROVIDES CITIZENS ACCESS TO THE MASS MEDIA BY FURNISHING TRAINING EQUIPMENT AND A CABLE TELEVISION CHANNEL. EACH YEAR, OVER $4,000,000 OF EQUIPMENT USAGE IS PROVIDED BY HMS, ALONG WITH OVER 200 CLASSES ATTENDED BY OVER 600 INDIVIDUALS. HMS IS ON THE AIR 24 HOURS PER DAY, 7 DAYS A WEEK. A TOTAL OF 8,760 PROGRAMMING HOURS ARE AIRED ANNUALLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Richards Executive Director | Officer | 40 | $111,940 |
Jesse Rodriguez Vice President | OfficerTrustee | 1 | $0 |
Noel Bezette-Flores President | OfficerTrustee | 1 | $0 |
Sylvia Cavazos Secretary | OfficerTrustee | 1 | $0 |
Alex Luster Treasurer | OfficerTrustee | 1 | $0 |
Manisha Mehta Gandhi Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,677,575 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,677,575 |
| Total Program Service Revenue | $39,005 |
| Investment income | $1,361 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,717,941 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $125,440 |
| Compensation of current officers, directors, key employees. | $50,176 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $554,504 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $141,341 |
| Payroll taxes | $71,859 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $49,578 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $90,466 |
| Advertising and promotion | $25,972 |
| Office expenses | $81,646 |
| Information technology | $47,285 |
| Royalties | $0 |
| Occupancy | $51,142 |
| Travel | $1,345 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,016 |
| Interest | $56,468 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $850,194 |
| Insurance | $43,310 |
| All other expenses | $0 |
| Total functional expenses | $2,224,694 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,036,351 |
| Savings and temporary cash investments | $2,499,883 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $833,467 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $73,196 |
| Net Land, buildings, and equipment | $1,278,651 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,136,513 |
| Total assets | $7,858,061 |
| Accounts payable and accrued expenses | $217,495 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,171,166 |
| Total liabilities | $1,388,661 |
| Net assets without donor restrictions | $2,465,527 |
| Net assets with donor restrictions | $4,003,873 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $7,858,061 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Houston Media Source Inc has recieved totaling $34.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $34 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Capital Of Texas Public Telecommunications Council Austin, TX | $23,167,186 | $19,588,032 |
Oklahoma Educational Television Authority Foundation Inc Oklahoma City, OK | $0 | $5,375,816 |
Greater New Orleans Educational Television Foundation New Orleans, LA | $17,354,764 | $5,233,389 |
Alamo Public Telecommunications Council San Antonio, TX | $8,269,201 | $5,542,564 |
Arkansas Educational Telecommunications Network Fdn Conway, AR | $10,223,173 | $4,896,981 |
Jacksonville Educators Broadcasting Inc Fort Worth, TX | $3,928,618 | $2,166,994 |
Houston Media Source Inc Houston, TX | $7,858,061 | $1,717,941 |
Permian Basin Public Telecommunications Inc Midland, TX | $6,948,171 | $1,865,396 |
Rgv Educational Broadcasting Inc Brownsville, TX | $0 | $489,198 |
Educational Broadcasting Foundation Inc New Orleans, LA | $2,662,068 | $1,899,777 |
Christian Ministries Of The Valley Inc Weslaco, TX | $2,852,829 | $1,105,260 |
Clean Channel Association Inc Pasadena, TX | $550,701 | $701,147 |