Otv Open Television Inc
- Assets
- $1.3m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 3
- Location
- Chicago, IL
- Founding
- 11/2019
- Data as of
- 12/2023
- EIN
- 82-4446544
Organization Overview
Otv Open Television Inc is located in Chicago, IL. The organization was established in 2019. 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 12/2023, Otv Open Television Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Otv Open Television 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 12/2023, Otv Open Television Inc generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 19.2% each year . All expenses for the organization totaled $824.9k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
RESEARCH AND DEVELOPMENT THROUGH ARTIST DEVELOPMENT, COMMUNITY DEVELOPMENT AND RESEARCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
1) ARTIST DEVELOPMENT: WE PRIORITIZE HELPING ARTISTS DEVELOP THEIR PROJECTS FROM PRODUCTION TO RELEASE. OUR PRIMARY FUNCTION IS SUPPORT. WE OFFER FINANCING, CONSULTATION, AND REFERRALS IN ORDER TO GET PROJECTS THROUGH TO COMPLETION. WE ALSO HELP ARTISTS ESTABLISH A PLAN AND TRAJECTORY FOR THEIR CAREERS AND WORKS. WE ONLY DEVELOP ARTISTS IN CHICAGO. 2) COMMUNITY DEVELOPMENT: WE PROVIDE A SPACE FOR DIFFERENT COMMUNITIES TO COME TOGETHER TO EXPERIENCE CULTURE, HAVE CRITICAL CONVERSATIONS ABOUT IDENTITY, AND MEET PEOPLE ACROSS SOCIAL NETWORKS. CHICAGO IS OUR PRIMARY COMMUNITY, FOLLOWED BY NATIONAL AND GLOBAL COMMUNITIES UNITED BY INTERSECTIONALITY. 3) RESEARCH: ALL ACTIVITIES PROVIDE FOR DATA TO HELP US UNDERSTAND HOW TO DEVELOP INTERSECTIONAL ART AND TV. THIS DATA IS PUBLISHED IN PEER-REVIEWED SCHOLARLY JOURNALS AND BOOKS. MORE GENERAL FINDINGS ARE PUBLISHED IN ANNUAL DEVELOPMENT REPORTS FOR THE PUBLIC AND INDUSTRY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elijah Mckinnon Executive Dir. | Officer | 40 | $104,745 |
Yvonne Welbon President | OfficerTrustee | 2 | $0 |
Aymar Jean Christian Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $38,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $926,251 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $964,751 |
| Total Program Service Revenue | $17,431 |
| Investment income | $1,636 |
| 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 | $1,004,042 |
| 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. | $104,745 |
| Compensation of current officers, directors, key employees. | $10,475 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $223,041 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $45,892 |
| Payroll taxes | $27,486 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $193,009 |
| Advertising and promotion | $9,120 |
| Office expenses | $58,484 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $63,787 |
| Travel | $47,423 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,689 |
| Insurance | $9,296 |
| All other expenses | $0 |
| Total functional expenses | $824,946 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $146,957 |
| Savings and temporary cash investments | $421,878 |
| Pledges and grants receivable | $698,500 |
| Accounts receivable, net | $2,123 |
| 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 | $26,240 |
| Net Land, buildings, and equipment | $35,125 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,330,823 |
| Accounts payable and accrued expenses | $15,129 |
| 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 | $0 |
| Total liabilities | $15,129 |
| Net assets without donor restrictions | $331,430 |
| Net assets with donor restrictions | $984,264 |
| 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 | $1,330,823 |