Form 990 for tax year 2022
Filed by DIVINE CULTURE AND MEDIA GROUP INC.
Totals
- Total revenue
- $915,104
- Total expenses
- $991,113
- Contributions and grants received
- $202,387
- Grants paid
- $0
- Program service revenue
- $706,037
- Investment income
- -$48,755
- Other revenue
- $55,435
- Total assets, end of year
- $1,835,230
- Total liabilities, end of year
- $636,903
- Net assets or fund balances, end of year
- $1,198,327
- Program services expenses (Part IX)
- $547,250
- Management and general expenses
- $443,863
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $547,250
Program services were 55.2% 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
$202,387
-
2a · Program service revenue: AFFILATED MARKETING
total $275,000 · related or exempt $275,000
-
2b · Program service revenue: UNDERWRITING -TV VEDIO
total $205,680 · related or exempt $205,680
-
2c · Program service revenue: UNDERWRITING SPONSORSHIP
total $164,562 · related or exempt $164,562
-
2d · Program service revenue: SOCIAL MEDIA REVENUE
total $60,525 · related or exempt $60,525
-
2e · Program service revenue: OTHER EVENTS
total $270 · related or exempt $270
-
3 · Investment income
total $116 · related or exempt $116
-
7a · Gross sales of assets other than inventory
securities $93,719
-
7b · Less cost or other basis and sales expenses
securities $142,590
-
7c · Gain or loss
securities -$48,871
-
7d · Net gain or loss
total -$48,871 · related or exempt -$48,871
-
11a · Other revenue: ORDINARY INCOM1888 WARBURTON
total $55,435 · related or exempt $55,435
-
11e · Other revenue, total
$55,435
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $312,659 · management and general $312,659
-
10 · Payroll taxes
total $39,539 · management and general $39,539
-
11g · Fees: other
total $274,660 · program services $274,660
-
12 · Advertising and promotion
total $1,372 · program services $1,372
-
13 · Office expenses
total $30,391 · management and general $30,391
-
14 · Information technology
total $3,100 · management and general $3,100
-
16 · Occupancy
total $21,600 · management and general $21,600
-
17 · Travel
total $960 · management and general $960
-
22 · Depreciation, depletion and amortization
total $700 · program services $700
-
23 · Insurance
total $2,786 · management and general $2,786
-
24a · Other expenses: TV CHANNEL AIR FEE
total $193,000 · program services $193,000
-
24b · Other expenses: CAR DONATION PROGRAM
total $58,253 · program services $58,253
-
24c · Other expenses: PRODUCTION SUPPLIES
total $28,528 · management and general $28,528
-
24d · Other expenses: DIGITAL SOCIAL MEDIA COST
total $19,265 · program services $19,265
-
24e · All other expenses
total $4,300 · management and general $4,300
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $194,808 · end of year $179,413
-
4 · Accounts receivable
beginning of year $201,056 · end of year $95,840
-
7 · Other notes and loans receivable
beginning of year $32,750 · end of year $32,750
-
9 · Prepaid expenses and deferred charges
beginning of year $30,925 · end of year $30,925
-
10a · Land, buildings and equipment: cost or other basis
$99,010
-
10b · Land, buildings and equipment: accumulated depreciation
$96,210
-
10c · Land, buildings and equipment, net
beginning of year $3,500 · end of year $2,800
-
11 · Investments: publicly traded securities
beginning of year $74,467 · end of year $121,230
-
12 · Investments: other securities
beginning of year $1,432,837 · end of year $1,372,272
-
17 · Accounts payable and accrued expenses
beginning of year $26,825 · end of year $49,003
-
19 · Deferred revenue
beginning of year $1,500 · end of year $1,500
-
24 · Unsecured notes and loans payable
beginning of year $10,000 · end of year $10,000
-
25 · Other liabilities
beginning of year $592,900 · end of year $576,400
-
31 · Retained earnings, endowment or other funds
beginning of year $1,339,118 · end of year $1,198,327
Mission and programs · 2022
Mission
PROVIDE MEDIA PRODUCTION AND BROADCAST, EDUCATIONAL WORKSHOPS AND CULTURE EVENTS TO IMPROVE EDUCATION AND COMMUNICATION BETWEEN CULTURES OF THE EAST AND THE WEST.
-
PROVIDE CHINESE MEDIA PROGRAM THROUGH AIR 24/7
Expenses $546,550
-
PROVIDE CHINESE MEDIA PROGRAM THROUGH AIR 24/7
Expenses $700
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Yunteng LaoYUNTENG LAO
TREASURER
- Total calculated
- $0
- Hours/week
- 10
-
Erdong LiuERDONG LIU
SECRETARY
- Total calculated
- $0
- Hours/week
- 10
-
Tao YinTAO YIN
PRESIDENT
- Total calculated
- $0
- Hours/week
- 10
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 October 2023
- IRS schema version
- 2022v5.0
- Source object
- 202343209349300504
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