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Nonprofiteer
← TPT FOUNDATION

Form 990 for tax year 2024

Filed by TPT FOUNDATION.

Totals

Total revenue
$2,535,168
Total expenses
$562,742
Contributions and grants received
$2,535,862
Grants paid
$0
Program service revenue
$0
Investment income
-$694
Other revenue
$0
Total assets, end of year
$2,382,995
Total liabilities, end of year
$410,569
Net assets or fund balances, end of year
$1,972,426
Program services expenses (Part IX)
$197,861
Management and general expenses
$70,033
Fundraising expenses
$294,848
Program service expenses (Part III)
$197,861

Program services were 35.2% 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

    $2,535,862

  • 1g · Noncash contributions included above

    $519,494

  • 3 · Investment income

    total $8 · excluded $8

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

    securities $702

  • 7c · Gain or loss

    securities -$702

  • 7d · Net gain or loss

    total -$702 · excluded -$702

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $31,833 · fundraising $31,833

  • 11a · Fees: management

    total $39,000 · management and general $39,000

  • 11c · Fees: accounting

    total $95 · management and general $95

  • 11e · Fees: professional fundraising services

    total $60,000 · fundraising $60,000

  • 11f · Fees: investment management

    total $2,008 · management and general $2,008

  • 13 · Office expenses

    total $70 · management and general $70

  • 24a · Other expenses: DIRECT COST

    total $231,875 · management and general $28,860 · fundraising $203,015

  • 24b · Other expenses: PRODUCTION

    total $197,861 · program services $197,861

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    end of year $1,899,321

  • 4 · Accounts receivable

    end of year $483,674

  • 17 · Accounts payable and accrued expenses

    end of year $197,861

  • 25 · Other liabilities

    beginning of year $0 · end of year $212,708

  • 27 · Net assets without donor restrictions

    end of year $187,213

  • 28 · Net assets with donor restrictions

    end of year $1,785,213

Mission and programs · 2024

Mission

TPT IS A FUNDRAISING ENTITY TO SUPPORT A MISSION OF ENRICHING LIVES AND STRENGTHENING OUR COMMUNITY THROUGH THE POWER OF MEDIA.

Activities or mission (Part I)

TO SUPPORT A MISSION OF ENRICHING LIVES AND STRENGTHENING OUR COMMUNITY THROUGH THE POWER OF MEDIA.

  • TPT IS A FUNDRAISING ENTITY TO SUPPORT A MISSION OF ENRICHING LIVES AND STRENGTHENING OUR COMMUNITY THROUGH THE POWER OF MEDIA.

    Expenses $197,861

As filed on the 2024 return.

Listed in Part VII

  • Sylvia Strobel

    DIRECTOR

    Total calculated
    $659,344
    From this org
    $0
    From related orgs
    $594,776
    Other
    $64,568
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $448,450 related
    Bonus
    $0 + $146,326 related
    Other
    $0
    Deferred
    $0 + $12,075 related
    Nontaxable benefits
    $0 + $52,493 related
    Filer's total
    $0 + $659,344 related
  • Douglas Roderick

    TREASURER

    Total calculated
    $176,879
    From this org
    $0
    From related orgs
    $151,943
    Other
    $24,936
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $126,763 related
    Bonus
    $0 + $25,180 related
    Other
    $0
    Deferred
    $0 + $4,293 related
    Nontaxable benefits
    $0 + $20,643 related
    Filer's total
    $0 + $176,879 related
  • Robert Rinek

    CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Maureen Barry

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Dean Bachmeier

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Scott Dillon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Amy Jensen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Martha MacMillan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Jill Skogheim

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 2 · Substantiation required before reimbursing expenses

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE RELATED ORGANIZATION, TWIN CITIES PUBLIC TELEVISION, INC., USES AN INDEPENDENT COMPENSATION CONSULTANT AND COMPENSATION SURVEY OR STUDY TO DETERMINE CEO COMPENSATION. APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE WAS ALSO NEEDED.

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
13 March 2026
IRS schema version
2024v5.5
Source object
202600739349300515

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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