Form 990 for tax year 2023
Filed by UNIVERSAL COMMUNICATIONS NETWORK INC.
Totals
- Total revenue
- $35,324,025
- Total expenses
- $37,567,572
- Contributions and grants received
- $14,805,668
- Grants paid
- $5,928,317
- Program service revenue
- $15,407,786
- Investment income
- $455,211
- Other revenue
- $4,655,360
- Total assets, end of year
- $49,623,076
- Total liabilities, end of year
- $29,113,439
- Net assets or fund balances, end of year
- $20,509,637
- Program services expenses (Part IX)
- $34,917,526
- Management and general expenses
- $2,650,046
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $37,575,272
Program services were 92.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$14,805,668
-
2a · Program service revenue: Media Revenue
total $587,437 · related or exempt $587,437
-
2b · Program service revenue: Program licensing fees
total $14,734,434 · related or exempt $14,734,434
-
2c · Program service revenue: Cultural events
total $85,915 · related or exempt $85,915
-
3 · Investment income
total $413,090 · related or exempt $413,090
-
6a · Gross rents
real property $33,612
-
6c · Rental income or loss
real property $33,612
-
6d · Net rental income or loss
total $33,612 · unrelated business $33,612
-
7a · Gross sales of assets other than inventory
other assets $300,000
-
7b · Less cost or other basis and sales expenses
other assets $257,879
-
7c · Gain or loss
other assets $42,121
-
7d · Net gain or loss
total $42,121 · unrelated business $42,121
-
11a · Other revenue: IRS 941 tax refund
total $1,731,825 · related or exempt $1,731,825
-
11b · Other revenue: Cash back rewards
total $38,726 · related or exempt $38,726
-
11c · Other revenue: Advertisement
total $2,851,197 · unrelated business $2,851,197
-
11e · Other revenue, total
$4,621,748
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $5,928,317 · program services $5,928,317
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $322,034 · program services $257,627 · management and general $64,407
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $4,084,245 · program services $3,267,396 · management and general $816,849
-
8 · Pension plan contributions
total $51,588 · program services $41,270 · management and general $10,318
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $307,881 · program services $246,305 · management and general $61,576
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $118,384 · program services $94,707 · management and general $23,677
-
11c · Fees: accounting
total $113,606 · program services $90,885 · management and general $22,721
-
11d · Fees: lobbying
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $1,476,460 · program services $1,181,168 · management and general $295,292
-
12 · Advertising and promotion
total $1,080,111 · program services $864,089 · management and general $216,022
-
13 · Office expenses
total $450,160 · program services $360,128 · management and general $90,032
-
14 · Information technology
total $1,912,622 · program services $1,530,098 · management and general $382,524
-
15 · Royalties
total $254,036 · program services $203,229 · management and general $50,807
-
16 · Occupancy
total $1,708,132 · program services $1,366,506 · management and general $341,626
-
17 · Travel
total $362,733 · program services $290,186 · management and general $72,547
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $53,049 · program services $42,439 · management and general $10,610
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $484,917 · program services $387,934 · management and general $96,983
-
23 · Insurance
total $97,264 · program services $77,811 · management and general $19,453
-
24a · Other expenses: Broadcast Licenses
total $9,720,701 · program services $9,720,701
-
24b · Other expenses: Production Cost
total $3,862,088 · program services $3,862,088
-
24c · Other expenses: Program Purchase
total $3,096,014 · program services $3,096,014
-
24d · Other expenses: Bad debt expense
total $1,710,220 · program services $298,408 · management and general $74,602
-
24e · All other expenses
total $373,010 · program services $1,710,220
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $26,705,798 · end of year $774,134
-
2 · Savings and temporary cash investments
end of year $30,508,900
-
4 · Accounts receivable
beginning of year $721,206 · end of year $527,652
-
9 · Prepaid expenses and deferred charges
beginning of year $31,582 · end of year $1,054,551
-
10c · Land, buildings and equipment, net
beginning of year $14,937,630 · end of year $9,908,352
-
15 · Other assets
beginning of year $1,531,857 · end of year $6,849,487
-
17 · Accounts payable and accrued expenses
beginning of year $670,325 · end of year $1,084,788
-
19 · Deferred revenue
end of year $137,763
-
23 · Secured mortgages and notes payable
beginning of year $6,376,295 · end of year $3,208,358
-
24 · Unsecured notes and loans payable
end of year $2,700,000
-
25 · Other liabilities
beginning of year $956,830 · end of year $21,982,530
-
27 · Net assets without donor restrictions
beginning of year $35,924,623 · end of year $20,509,637
Mission and programs · 2023
Mission
PROVIDES INDEPENDENT VIDEO JOURNALISM AND CULTURAL PROGRAMMING TO INFORM, INSPIRE, AND ENRICH THE PUBLIC, AND HOSTS PROGRAMS THAT PRESERVE TRADITIONAL ARTS AND PROMOTE GLOBAL CULTURAL EXCHANGE.
-
TO DELIVER HIGH-QUALITY, INDEPENDENT VIDEO JOURNALISM THAT EDUCATES, INSPIRES, AND ENGAGES AUDIENCES ON IMPORTANT GLOBAL ISSUES, INCLUDING NEWS, CULTURE, AND HUMAN RIGHTS. NTD ALSO PROMOTES TRADITIONAL CULTURE AND ARTISTIC EXCELLENCE THROUGH ITS INTERNATIONAL COMPETITIONS AND PROGRAMSTHAT CELEBRATE HUMANITYS SHARED VALUES AND HERITAGE.
Expenses $37,575,272 · Revenue $15,407,786
-
UNIVERSAL COMMUNICATIONS NETWORKS GRANTMAKING PROGRAM SUPPORTS NONPROFITS THAT ADVANCE TRADITIONAL CULTURE, MEDIA FREEDOM, AND PUBLIC EDUCATION. THESE GRANTS ARE PART OF NTDS EFFORT TO INSPIRE COMMUNITIES WITH VALUES-DRIVEN, CULTURALLY ENRICHING CONTENT.
Grants $5,928,317
As filed on the 2023 return.
Listed in Part VII
-
Jin Feng
Member
- Total calculated
- $114,577
- From this org
- $114,577
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Jingli Qu
Administrator
- Total calculated
- $104,078
- From this org
- $104,078
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Zhong Tang
President
- Total calculated
- $0
- Hours/week
- 20
-
Wangqing Huang
Secretary
- Total calculated
- $0
- Hours/week
- 40
-
Joe Wang
Member
- Total calculated
- $0
- Hours/week
- 5
-
William Cheung
CFO
- Total calculated
- $0
- Hours/week
- 20
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
-
$16,949
-
FALUN DAFA GANJING WORLD FOUDATION
no cash amount reported
Intended to support recipients mission
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
SKHT LLC
C Corp · Rental property · NY · 100% owned · share of assets $457,319
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 6 June 2025
- IRS schema version
- 2023v6.0
- Source object
- 202521599349300052
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