Form 990 for tax year 2023
Filed by INDEPENDENT WORLD TELEVISION INC.
Totals
- Total revenue
- $2,466,871
- Total expenses
- $2,883,463
- Contributions and grants received
- $2,391,677
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $49,491
- Other revenue
- $25,703
- Total assets, end of year
- $1,121,246
- Total liabilities, end of year
- $153,409
- Net assets or fund balances, end of year
- $967,837
- Program services expenses (Part IX)
- $2,322,999
- Management and general expenses
- $424,165
- Fundraising expenses
- $136,299
- Program service expenses (Part III)
- $2,322,999
Program services were 80.6% 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
$2,391,677
-
3 · Investment income
total $49,491 · excluded $49,491
-
5 · Royalties
total $156 · related or exempt $156
-
6a · Gross rents
real property $5,500
-
6c · Rental income or loss
real property $5,500
-
6d · Net rental income or loss
total $5,500 · related or exempt $5,500
-
11a · Other revenue: OTHER MISC
total $20,047 · excluded $20,047
-
11e · Other revenue, total
$20,047
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $264,502 · program services $211,601 · management and general $39,676 · fundraising $13,225
-
7 · Other salaries and wages
total $1,095,442 · program services $876,354 · management and general $164,316 · fundraising $54,772
-
8 · Pension plan contributions
total $30,828 · program services $24,663 · management and general $4,624 · fundraising $1,541
-
9 · Other employee benefits
total $166,411 · program services $133,128 · management and general $24,962 · fundraising $8,321
-
10 · Payroll taxes
total $110,408 · program services $88,326 · management and general $16,561 · fundraising $5,521
-
11b · Fees: legal
total $32,831 · program services $27,906 · management and general $4,925
-
11c · Fees: accounting
total $101,791 · program services $86,522 · management and general $15,269
-
11g · Fees: other
total $666,063 · program services $532,870 · management and general $99,909 · fundraising $33,284
-
12 · Advertising and promotion
total $7,561 · program services $6,805 · fundraising $756
-
13 · Office expenses
total $187,883 · program services $153,194 · management and general $25,303 · fundraising $9,386
-
14 · Information technology
total $36,035 · program services $33,169 · management and general $1,064 · fundraising $1,802
-
16 · Occupancy
total $21,514 · program services $17,211 · management and general $3,227 · fundraising $1,076
-
17 · Travel
total $90,222 · program services $72,178 · management and general $13,533 · fundraising $4,511
-
22 · Depreciation, depletion and amortization
total $29,891 · program services $25,407 · management and general $4,484
-
23 · Insurance
total $42,081 · program services $33,665 · management and general $6,312 · fundraising $2,104
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,412,259 · end of year $1,012,547
-
4 · Accounts receivable
beginning of year $13,782 · end of year $11,332
-
9 · Prepaid expenses and deferred charges
end of year $21,127
-
10a · Land, buildings and equipment: cost or other basis
$206,173
-
10b · Land, buildings and equipment: accumulated depreciation
$129,933
-
10c · Land, buildings and equipment, net
beginning of year $106,665 · end of year $76,240
-
17 · Accounts payable and accrued expenses
beginning of year $147,746 · end of year $153,409
-
27 · Net assets without donor restrictions
beginning of year $1,384,960 · end of year $961,337
-
28 · Net assets with donor restrictions
end of year $6,500
Mission and programs · 2023
Mission
IMPROVE LIVES BY INVESTIGATING, REPORTING AND DEBATING STORIES THAT HELP SOCIETY BETTER UNDERSTAND CRITICAL ISSUES OF OUR TIME.
-
PROVIDE A NEWS NETWORK THAT DEFENDS THE PUBLIC INTEREST AND THE HIGHEST STANDARD OF JOURNALISM INDEPENDENT OF CORPORATE AND GOVERNMENT FUNDING OR COMMERCIAL ADVERTISING.
Expenses $2,322,999
As filed on the 2023 return.
Listed in Part VII
-
John DudaJOHN DUDA
EXECUTIVE DI
- Total calculated
- $139,071
- From this org
- $139,071
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Jonathan KeenJONATHAN KEEN
PRES./CO-ED
- Total calculated
- $125,430
- From this org
- $125,430
- From related orgs
- $0
- Other
- $0
- Hours/week
- 60
-
Maximillian L AlvarezMAXIMILLIAN L ALVAREZ
EIC/CO-ED
- Total calculated
- $115,009
- From this org
- $115,009
- From related orgs
- $0
- Other
- $0
- Hours/week
- 60
-
Ziggy West JeffreyZIGGY WEST JEFFREY
BOARD CO-CHA
- Total calculated
- $0
- Hours/week
- 2
-
Robert LangROBERT LANG
BOARD CO-CHA
- Total calculated
- $0
- Hours/week
- 5
-
Catherine MurphyCATHERINE MURPHY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Susan NestadtSUSAN NESTADT
BOARD OF DIR
- Total calculated
- $0
- Hours/week
- 2
-
Tm ScruggsTM SCRUGGS
BOARD OF DIR
- Total calculated
- $0
- Hours/week
- 2
-
Kayla RivaraKAYLA RIVARA
VP/CO-ED
- Total calculated
- $0
- Hours/week
- 60
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
- 2023
- Filed
- 30 October 2024
- IRS schema version
- 2023v5.0
- Source object
- 202433049349302668
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