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Nonprofiteer
← COLORADO PUBLIC TELEVISION INC

Form 990 for tax year 2024

Filed by COLORADO PUBLIC TELEVISION INC.

Totals

Total revenue
$6,060,571
Total expenses
$6,358,642
Contributions and grants received
$3,114,224
Grants paid
$0
Program service revenue
$2,807,307
Investment income
$86,323
Other revenue
$52,717
Total assets, end of year
$13,781,381
Total liabilities, end of year
$544,789
Net assets or fund balances, end of year
$13,236,592
Program services expenses (Part IX)
$4,370,251
Management and general expenses
$1,236,196
Fundraising expenses
$752,195
Program service expenses (Part III)
$4,370,251

Program services were 68.7% 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.

  • 1b · Membership dues

    $1,581,989

  • 1d · Related organizations

    $177,437

  • 1e · Government grants (contributions)

    $784,646

  • 1f · All other contributions, gifts and grants

    $570,152

  • 1g · Noncash contributions included above

    $177,437

  • 2a · Program service revenue: EVENTS

    total $1,874,390 · related or exempt $1,874,390

  • 2b · Program service revenue: EXCESS CAPACITY

    total $900,613 · related or exempt $900,613

  • 2c · Program service revenue: UNDERWRITING

    total $27,104 · related or exempt $27,104

  • 2d · Program service revenue: PRODUCTION INCOME

    total $5,200 · related or exempt $5,200

  • 3 · Investment income

    total $70,965 · excluded $70,965

  • 6a · Gross rents

    real property $21,450

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $21,450

  • 6d · Net rental income or loss

    total $21,450 · excluded $21,450

  • 7a · Gross sales of assets other than inventory

    securities $1,901,954

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

    securities $1,877,573 · other assets $9,023

  • 7c · Gain or loss

    securities $24,381 · other assets -$9,023

  • 7d · Net gain or loss

    total $15,358 · related or exempt $24,381 · excluded -$9,023

  • 11a · Other revenue: MISCELLANEOUS

    total $31,267 · excluded $31,267

  • 11e · Other revenue, total

    $31,267

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $363,564 · management and general $363,564

  • 7 · Other salaries and wages

    total $1,547,261 · program services $1,077,764 · management and general $249,543 · fundraising $219,954

  • 8 · Pension plan contributions

    total $27,776 · program services $19,344 · management and general $4,484 · fundraising $3,948

  • 9 · Other employee benefits

    total $162,279 · program services $100,439 · management and general $41,342 · fundraising $20,498

  • 10 · Payroll taxes

    total $153,155 · program services $87,302 · management and general $48,036 · fundraising $17,817

  • 11b · Fees: legal

    total $45,253 · management and general $45,253

  • 11c · Fees: accounting

    total $56,287 · management and general $56,287

  • 11f · Fees: investment management

    total $31,501 · management and general $31,501

  • 11g · Fees: other

    total $452,104 · program services $250,027 · management and general $74,281 · fundraising $127,796

  • 12 · Advertising and promotion

    total $25,603 · program services $25,428 · fundraising $175

  • 13 · Office expenses

    total $322,545 · program services $45,922 · management and general $34,272 · fundraising $242,351

  • 14 · Information technology

    total $30,568 · program services $29,766 · management and general $802

  • 16 · Occupancy

    total $295,385 · program services $150,005 · management and general $141,136 · fundraising $4,244

  • 17 · Travel

    total $9,474 · program services $4,139 · management and general $5,335

  • 22 · Depreciation, depletion and amortization

    total $274,083 · program services $202,344 · management and general $57,774 · fundraising $13,965

  • 23 · Insurance

    total $51,609 · program services $17,460 · management and general $33,771 · fundraising $378

  • 24a · Other expenses: PRODUCTION COSTS

    total $1,776,395 · program services $1,776,395

  • 24b · Other expenses: ACQUISITIONS - CONTENT

    total $517,665 · program services $517,665

  • 24c · Other expenses: PREMIUMS

    total $103,233 · program services $1,607 · management and general $5,164 · fundraising $96,462

  • 24d · Other expenses: DUES & PUBLICATIONS

    total $95,567 · program services $57,428 · management and general $34,069 · fundraising $4,070

  • 24e · All other expenses

    total $17,335 · program services $7,216 · management and general $9,582 · fundraising $537

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $830,771 · end of year $194,873

  • 2 · Savings and temporary cash investments

    beginning of year $471,458 · end of year $1,075,564

  • 3 · Pledges and grants receivable

    beginning of year $431,946 · end of year $498,746

  • 4 · Accounts receivable

    beginning of year $382,237 · end of year $321,489

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $76,700

  • 9 · Prepaid expenses and deferred charges

    beginning of year $216,000 · end of year $438,847

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

    $6,634,701

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

    $3,663,469

  • 10c · Land, buildings and equipment, net

    beginning of year $2,562,972 · end of year $2,971,232

  • 11 · Investments: publicly traded securities

    beginning of year $7,458,687 · end of year $7,602,817

  • 14 · Intangible assets

    beginning of year $200,000 · end of year $193,333

  • 15 · Other assets

    beginning of year $399,636 · end of year $407,780

  • 17 · Accounts payable and accrued expenses

    beginning of year $428,300 · end of year $343,489

  • 19 · Deferred revenue

    beginning of year $301,300 · end of year $201,300

  • 27 · Net assets without donor restrictions

    beginning of year $11,425,061 · end of year $12,203,237

  • 28 · Net assets with donor restrictions

    beginning of year $799,046 · end of year $1,033,355

Mission and programs · 2024

Mission

PBS12 COLORADO IS RE-IMAGINING HOW PUBLIC MEDIA CAN SERVE THE COMMUNITY. CONTENT: CREATING UNIQUE, LOCAL CONTENT THAT SHARES STORIES AND VIEWPOINTS THAT MIGHT OTHERWISE BE LOST. EDUCATION: PREPARING THE NEXT GENERATION OF CONTENT CREATORS WITH THE EXPERIENCES AND MENTORSHIPS THAT WILL EMPOWER THEM TO CARRY FORWARD A RICH TRADITION OF ETHICAL STORYTELLING. SERVICE: LEVERAGING OUR UNIQUE TALENTS, TECHNOLOGIES, AND FACILITIES TO PROVIDE GROWTH OPPORTUNITIES AT NO OR LOW COST TO COMMUNITY ORGANIZATIONS AND INDIVIDUALS.

Activities or mission (Part I)

TO SHARE THE REAL, PERSONAL STORIES OF THE COLORADO EXPERIENCE.

  • PROGRAMMING AND PRODUCTION - ANY FUNCTIONS RELATED TO THE ACQUISITION, SCHEDULING AND BROADCASTING OF TELEVISION PROGRAMS OF EDUCATIONAL AND INFORMATIONAL CONTENT GEARED TO THE INTEREST OF THE COMMUNITY AS WELL AS ENTERTAINMENT SPECIALS NOT AVAILABLE LOCALLY. ALSO PRODUCING TELEVISION 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.

    Expenses $2,657,721 · Revenue $2,831,688

  • TRANSMISSION - FUNCTIONS RELATED TO THE MAINTENANCE, INSTALLATION AND DISSEMINATION OF THE TECHNICAL APPARATUS RELATING TO TELEVISED PROGRAMS.

    Expenses $940,961

  • 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.

    Expenses $771,569

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Dessa Bokides

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    4

  • Christine Smith

    BOARD VICE CHAIR

    Total calculated
    $0
    Hours/week
    4

  • Jason Stout

    BOARD SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Christine Benero

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Leanna Clark

    DIRECTOR (THROUGH 02/2025)

    Total calculated
    $0
    Hours/week
    1

  • Mark Cornetta

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David Drucker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Richard Lewis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jon Shaver

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • June Taylor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kimberly White

    TREASURER/VP OF FINANCE

    Total calculated
    $136,260
    From this org
    $128,411
    From related orgs
    $0
    Other
    $7,849
    Hours/week
    40

  • Frances Matthews

    INTERIM PRESIDENT (THROUGH 10/2024)

    Total calculated
    $90,000
    From this org
    $90,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    20

  • Robert Springer

    PRESIDENT/GM (AS OF 11/2024)

    Total calculated
    $53,413
    From this org
    $53,413
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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.

Schedule J

Answered yes

  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
THE BOARD DETERMINES THE BONUS FOR THE PRESIDENT. THE BONUS WILL BE DETERMINED IN THE SOLE DISCRETION OF THE BOARD, BASED ON KEY PERFORMANCE INDICATORS TIED TO THE STRATEGIC PLAN FOR THE STATION SET BY THE BOARD, IN AN AMOUNT UP TO FIFTEEN PRECENT OF COMPENSATION.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

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.

  • FIVE POINTS MEDIA CENTER HOLDINGS INC

    C · MANAGEMENT OF CONDO ASSOCIATION · CO · 0.68% owned

    Directly controlled by COLORADO PUBLIC TELEVISION

Provenance

Return type
form_990
Tax year
2024
Filed
16 February 2026
IRS schema version
2024v5.5
Source object
202600649349301655

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