Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $120,287

• 1e · Government grants (contributions)

  $643,760

• 1f · All other contributions, gifts and grants

  $3,023,781

• 1g · Noncash contributions included above

  $115,629

• 2a · Program service revenue: MAGAZINE ADVERTISING

  total $105,179 · related or exempt $105,179

• 2b · Program service revenue: PRODUCTION INCOME

  total $30,713 · unrelated business $30,713

• 2c · Program service revenue: 309TIX

  total $6,672 · unrelated business $6,672

• 3 · Investment income

  total $30,532 · excluded $30,532

• 6a · Gross rents

  real property $32,317 · personal property $186,690

• 6b · Less rental expenses

  real property $0 · personal property $0

• 6c · Rental income or loss

  real property $32,317 · personal property $186,690

• 6d · Net rental income or loss

  total $219,007 · unrelated business $186,690 · excluded $32,317

• 7a · Gross sales of assets other than inventory

  securities $1,849,930

• 7b · Less cost or other basis and sales expenses

  securities $1,811,517

• 7c · Gain or loss

  securities $38,413

• 7d · Net gain or loss

  total $38,413 · excluded $38,413

• 8a · Fundraising events: gross income

  $18,532

• 8a · Fundraising events: contributions included on line 1c

  $120,287

• 8b · Fundraising events: direct expenses

  $97,803

• 8c · Net income from fundraising events

  total -$79,271 · excluded -$79,271

• 11a · Other revenue: INSURANCE RECOVERY

  total $250,000 · related or exempt $250,000

• 11b · Other revenue: OTHER INCOME

  total $12,730 · related or exempt $12,730

• 11e · Other revenue, total

  $262,730

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $78,789 · program services $16,318 · management and general $62,471

• 7 · Other salaries and wages

  total $1,063,969 · program services $712,983 · management and general $164,954 · fundraising $186,032

• 8 · Pension plan contributions

  total $40,389 · program services $23,564 · management and general $9,593 · fundraising $7,232

• 9 · Other employee benefits

  total $165,648 · program services $136,313 · management and general $14,806 · fundraising $14,529

• 10 · Payroll taxes

  total $81,867 · program services $51,880 · management and general $16,432 · fundraising $13,555

• 11b · Fees: legal

  total $122,169 · management and general $122,169

• 11c · Fees: accounting

  total $87,901 · management and general $87,901

• 11f · Fees: investment management

  total $6,216 · management and general $6,216

• 11g · Fees: other

  total $362,035 · program services $184,320 · management and general $90,171 · fundraising $87,544

• 12 · Advertising and promotion

  total $32,662 · management and general $10,153 · fundraising $22,509

• 13 · Office expenses

  total $29,213 · program services $14,342 · management and general $7,139 · fundraising $7,732

• 16 · Occupancy

  total $294,186 · program services $78,924 · management and general $200,124 · fundraising $15,138

• 19 · Conferences, conventions and meetings

  total $15,360 · program services $4,520 · management and general $8,559 · fundraising $2,281

• 20 · Interest

  total $40,711 · management and general $40,711

• 22 · Depreciation, depletion and amortization

  total $322,126 · program services $178,510 · management and general $97,888 · fundraising $45,728

• 24a · Other expenses: PROGRAM ACQUISITION COS

  total $619,010 · program services $619,010

• 24b · Other expenses: PRINTING & PUBLICATIONS

  total $144,892 · program services $77,284 · management and general $4,905 · fundraising $62,703

• 24c · Other expenses: MISCELLANEOUS

  total $131,064 · program services $11,248 · management and general $117,801 · fundraising $2,015

• 24d · Other expenses: MAINTENANCE

  total $130,667 · program services $67,245 · management and general $63,422

• 24e · All other expenses

  total $197,289 · program services $59,669 · management and general $99,579 · fundraising $38,041

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $160,093 · end of year $79,615

• 2 · Savings and temporary cash investments

  end of year $143,061

• 3 · Pledges and grants receivable

  beginning of year $129,431 · end of year $1,065,012

• 4 · Accounts receivable

  beginning of year $229,514 · end of year $14,564

• 8 · Inventories for sale or use

  beginning of year $1,022

• 9 · Prepaid expenses and deferred charges

  beginning of year $67,231 · end of year $21,911

• 10a · Land, buildings and equipment: cost or other basis

  $8,885,141

• 10b · Land, buildings and equipment: accumulated depreciation

  $4,183,130

• 10c · Land, buildings and equipment, net

  beginning of year $5,024,137 · end of year $4,702,011

• 12 · Investments: other securities

  beginning of year $1,664,762 · end of year $1,267,632

• 17 · Accounts payable and accrued expenses

  beginning of year $162,877 · end of year $389,063

• 19 · Deferred revenue

  beginning of year $7,402

• 23 · Secured mortgages and notes payable

  beginning of year $877,392 · end of year $561,236

• 27 · Net assets without donor restrictions

  beginning of year $6,198,369 · end of year $6,276,057

• 28 · Net assets with donor restrictions

  beginning of year $30,150 · end of year $67,450

The filer's explanations (Part III)

PART I, LINE 1A

THE FORMER CEO WHO RESIGNED ON 9/27/23 PAID FOR HER PERSONAL SOCIAL DUES FROM WTVP FUNDS. SUCH PAYMENTS WERE UNAUTHORIZED.

PART I, LINE 1B

SUCH EXPENSES WERE UNAUTHORIZED. THERE WAS A POLICE INVESTIGATION INITIATED RELATED TO SUCH.

PART I, LINE 3

FOR CEO, THERE WAS AN ACCEPTANCE LETTER; NOT A FORMAL EMPLOYMENT CONTRACT. PLANNED PRACTICE WAS TO REVIEW CEO SALARY ANNUALLY AND APPROVE ANY CHANGES. (IN FISCAL YEAR 2024, THE CEO WHO RESIGNED ON 9/27/23, PAID HERSELF AN UNAUTHORIZED BONUS.)