Colorado Public Television Inc
- Assets
- $10.1m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 27
- Location
- Denver, CO
- Founding
- 08/1977
- Data as of
- 09/2020
- EIN
- 84-0723918
Organization Overview
Colorado Public Television Inc is located in Denver, CO. The organization was established in 1977. 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 09/2022, Colorado Public Television Inc employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Colorado Public 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 09/2020, Colorado Public Television Inc generated $3.6m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $3.8m during the year ending 09/2020. As we would expect to see with falling revenues, expenses have declined by (0.8%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO ENRICH AND STRENGTHEN THE CULTURE OF THE STATE AND REGION THROUGH INNOVATIVE, HIGH-QUALITY PROGRAMMING AND SERVICES THAT ADDRESS SUBSTANTIVE SOCIAL AND EDUCATIONAL NEEDS.
Describe the Organization's Program Activity:
PROGRAMMING AND PRODUCTION - ANY FUNCTIONS RELATED TO THE ACQUISITION, SCHEDULING AND BROADCASTING OF TELEVISON PROGRAMS OF EDUCATIONAL AND INFORMATIONAL CONTENT GEARED TO THE INTEREST OF THE COMMUNITY AS WELL AS ENTERTAINMENT SPECIALS NOT AVAILABLE LOCALLY. ALSO PRODUCING TELEVISON PROGRAMMING THAT IS NOT ACQUIRED AND THE RELATED FUNCTIONS TO PRODUCE SUCH PROGRAMS. LOCAL PUBLIC AFFAIRS COVERING COMMUNITY ISSUES AND INTERNATIONAL TOPICS ARE OF MAJOR FOCUS.
TRANSMISSION - FUNCTIONS RELATED TO THE MAINTENANCE, INSTALLATION AND DISSEMINATION OF THE TECHNICAL APPARATUS RELATING TO TELEVISED PROGRAMS.
PUBLIC INFORMATION - ANY ACTIVITY RELATED TO INCREASING PUBLIC AWARENESS OF PROVIDED SERVICES. PRINT INFORMATION AND INCREASING ELECTRONIC ACTIVITY PROVIDE THE TOOLS TO DO SO. INTERACTIVE COMMUNITY RELATIONS REGARDING SERVICES IS A MAJOR GOAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kimberly Johnson President/gm | Officer | 40 | $138,338 |
Dominic Dezzuttii Station Mgr | 40 | $106,675 | |
Kim White Trea/dir Of Fin | Officer | 40 | $66,620 |
Sarah Christian Secretary | OfficerTrustee | 4 | $0 |
Kim Carver Vice-Chair | Trustee | 4 | $0 |
Dessa Bokides Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,658,084 |
| Investment income | $20,235 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $48,767 |
| Net Gain/Loss on Asset Sales | -$5,199 |
| Net Income from Fundraising Events | -$12,180 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,622,017 |
| Statement of Expenses | |
|---|---|
| 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. | $308,964 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,463,927 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $33,077 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $136,276 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $112,605 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $18,044 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $294,176 |
| Insurance | $33,379 |
| All other expenses | $0 |
| Total functional expenses | $3,766,545 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,958,796 |
| Pledges and grants receivable | $19,730 |
| Accounts receivable, net | $74,958 |
| 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 | $125,824 |
| Investments—publicly traded securities | $5,065,102 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $162,693 |
| Total assets | $10,094,793 |
| Accounts payable and accrued expenses | $263,546 |
| 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 | $362,777 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $626,323 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $9,468,470 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Colorado Public Television Inc has recieved totaling $92,669.
| Awarding Organization | Amount |
|---|---|
Community First Foundation Arvada, CO PURPOSE: GENERAL PURPOSE | $55,859 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $20,915 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $15,595 |
Chinn Family Foundation Timnath, CO PURPOSE: GENERAL SUPPORT | $300 |
Endowment Analysis
| Beg. Balance | $5,065,102 |
| Earnings | $1,009,831 |
| Admin Expense | $23,041 |
| Other Expense | $178,627 |
| Ending Balance | $5,873,265 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oklahoma Educational Television Authority Foundation Inc Oklahoma City, OK | $0 | $5,375,816 |
Chicago Instructional Technology Foundation Inc Longmont, CO | $18,318,425 | $5,204,094 |
Colorado Public Television Inc Denver, CO | $10,094,793 | $3,622,017 |
Kansas Public Telecommunications Service Inc Wichita, KS | $5,324,223 | $4,305,068 |
Vision Maker Media Lincoln, NE | $4,204,318 | $3,007,139 |
Smoky Hill Public Television Corp Bunker Hill, KS | $4,478,690 | $2,001,311 |
Denver Area Educational Telecommunications Consortium Inc Boulder, CO | $7,309,816 | $2,042,929 |
Longmont Cable Trust Longmont, CO | $0 | $93,991 |
Wyoming Pbs Foundation Riverton, WY | $1,577,991 | $1,066,418 |
Grand Valley Public Radio Company Grand Junction, CO | $570,648 | $569,016 |
National Academy Of Television Arts & Sciences Phoenix, AZ | $181,104 | $321,148 |
Prescott Community Access Channel Inc Prescott, AZ | $0 | $0 |