Houston Media Source Inc
- Assets
- $6.1m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 11
- Location
- Houston, TX
- Founding
- 12/1987
- Data as of
- 06/2024
- 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 06/2024, 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 06/2024, Houston Media Source Inc generated $1.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $2.0m during the year ending 06/2024. 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
2024
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 THE 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. OVER $4,000,000 OF EQUIPMENT USAGE IS PROVIDED BY HMS EACH YEAR, AND OVER 200 CLASSES ARE ATTENDED BY MORE THAN 600 PERSONS. HMS IS ON THE AIR 24 HOURS DAILY, 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 |
|---|---|---|---|
Jerold Labeaux President | OfficerTrustee | 1 | $0 |
Jesse Rodriguez Vice President | OfficerTrustee | 1 | $0 |
Alex Luster Treasurer | OfficerTrustee | 1 | $0 |
Gene Preuss Secretary | OfficerTrustee | 1 | $0 |
Ovidio Galvan Sr Director | Trustee | 1 | $0 |
Alexis Melvin Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,316,741 |
| 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 | $1,316,741 |
| Total Program Service Revenue | $58,356 |
| Investment income | $3,166 |
| 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 | $1,378,263 |
| 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. | $122,308 |
| Compensation of current officers, directors, key employees. | $48,923 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $543,778 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $146,672 |
| Payroll taxes | $70,843 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $78,171 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $92,598 |
| Advertising and promotion | $14,570 |
| Office expenses | $63,433 |
| Information technology | $53,903 |
| Royalties | $0 |
| Occupancy | $22,697 |
| Travel | $266 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,823 |
| Interest | $48,861 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $629,050 |
| Insurance | $58,106 |
| All other expenses | $0 |
| Total functional expenses | $2,027,584 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,830,638 |
| Savings and temporary cash investments | $291,354 |
| Pledges and grants receivable | $654,990 |
| Accounts receivable, net | $2,227 |
| 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 | $97,822 |
| Net Land, buildings, and equipment | $2,451,587 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $815,615 |
| Total assets | $6,144,233 |
| Accounts payable and accrued expenses | $74,372 |
| 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 | $900,287 |
| Total liabilities | $974,659 |
| Net assets without donor restrictions | $3,399,966 |
| Net assets with donor restrictions | $1,769,608 |
| 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 | $6,144,233 |