National Independent Talent Organization - Nito
- Assets
- $244.9k
- Revenue
- $132.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Sausalito, CA
- Founding
- Data as of
- 12/2022
- EIN
- 85-1651303
Organization Overview
National Independent Talent Organization - Nito is located in Sausalito, CA. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Independent Talent Organization - Nito is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, National Independent Talent Organization - Nito generated $132.9k in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $38.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (24.7%) per year over the past 3 years. 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
NATIONAL INDEPENDENT TALENT ORGANIZATION - NITO IS A MUTUAL BENEFIT NONPROFIT ORGANIZATION (THE "ORGANIZATION") WITH THE PRINCIPAL MISSION TO PROMOTE THE ADVANCEMENT OF COMMON BUSINESS INTERESTS OF INDEPENDENT TALENT AGENCIES AND MANAGEMENT COMPANIES IN THE UNITED STATES. THE ORGANIZATION PURSUES THIS MISSION BY PRIMARILY ENGAGING IN LOBBYING AND GENERALLY SUPPORTING SIMILARLY SITUATED INDEPENDENT TALENT AGENCIES AND MANAGEMENT COMPANIES THROUGH VARIOUS INITIATIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION INTENDS TO PROVIDE ADMINISTRATIVE ASSISTANCE WHICH WILL SUPPORT ITS MEMBERS AS GROWING BUSINESSES. SUCH ASSISTANCE INCLUDES GENERAL DISCUSSION AND RESEARCH REGARDING MARKET CHANGES WHICH MAY IMPACT CONTRACTUAL TERMS. FOR EXAMPLE, THE ORGANIZATION HAS HAD DISCUSSIONS REGARDING THE IMPACT OF COVID-19 ON RECENT CONTRACT TERMS AND ACCEPTABLE ALTERNATIVE LANGUAGE TO CONSIDER. FURTHER, THE ORGANIZATION WOULD LIKE TO PURSUE AVENUES TO PROVIDE AFFORDABLE INSURANCE PLANS FOR MEMBERS.
THE ORGANIZATION WILL LOCATE AND INITIATE EVENTS WHICH FURTHER THE INTERESTS OF ITS MEMBERS. INITIATIVES MAY INCLUDE PANDEMIC RELIEF, ADVOCACY AND OPPORTUNITIES WHICH PROMOTE NETWORKING.
THE ORGANIZATION WILL INTERVIEW AND ENGAGE A LOBBYING FIRM TO ASSIST WITH THE CREATION OF A PROCESS TO IDENTIFY RELEVANT LEGISLATION WHICH FURTHERS THE COMMON BUSINESS INTEREST OF ITS MEMBERS AND TO ORGANIZE AN APPROPRIATE LOBBYING PLAN. THE ORGANIZATION WILL ALSO ASSIST WITH REVIEW OF THE LANGUAGE CONTAINED IN PROPOSED LEGISLATION AND WILL ADVOCATE FOR LANGUAGE WHICH ADDRESSES THE NEEDS OF THE ORGANIZATION'S MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank Riley Pres./ceo/di | OfficerTrustee | $0 | |
Wayne Forte Secretary/di | OfficerTrustee | $0 | |
Tom Chauncey Treas./cfo/d | OfficerTrustee | $0 | |
Stormy Shepherd Vp/director | OfficerTrustee | $0 | |
Steve Schenck Director | Trustee | $0 | |
Scott Sokol Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,000 |
| Total Program Service Revenue | $55,500 |
| Investment income | $18 |
| 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 | $132,855 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,806 |
| Fees for services: Accounting | $1,897 |
| Fees for services: Lobbying | $1,417 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,150 |
| Advertising and promotion | $155 |
| Office expenses | $19 |
| Information technology | $3,194 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,700 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $623 |
| All other expenses | $0 |
| Total functional expenses | $38,051 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $244,924 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $244,924 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $244,924 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $244,924 |