Totals
- Total revenue
- $1,738,563
- Total expenses
- $518,137
- Contributions and grants received
- $86,403
- Grants paid
- $0
- Program service revenue
- $1,648,400
- Investment income
- $0
- Other revenue
- $3,760
- Total assets, end of year
- $1,232,569
- Total liabilities, end of year
- $12,143
- Net assets or fund balances, end of year
- $1,220,426
- Program services expenses (Part IX)
- $505,917
- Management and general expenses
- $12,220
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $505,917
Program services were 97.6% 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
$86,403
-
2a · Program service revenue: SPONSORSHIPS
total $1,648,400 · related or exempt $1,648,400
-
11a · Other revenue: OTHER REVENUE
total $3,760 · related or exempt $3,760
-
11e · Other revenue, total
$3,760
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $211,776 · program services $211,776
-
9 · Other employee benefits
total $2,520 · program services $2,520
-
10 · Payroll taxes
total $16,939 · program services $16,939
-
11g · Fees: other
total $76,357 · program services $76,357
-
12 · Advertising and promotion
total $42,535 · program services $42,535
-
13 · Office expenses
total $94,082 · program services $86,783 · management and general $7,299
-
16 · Occupancy
total $52,712 · program services $52,712
-
17 · Travel
total $6,713 · program services $6,713
-
19 · Conferences, conventions and meetings
total $1,780 · program services $1,780
-
22 · Depreciation, depletion and amortization
total $4,722 · program services $4,722
-
23 · Insurance
total $3,109 · management and general $3,109
-
24a · Other expenses: AUTO RELATED EXPESNES
total $3,080 · program services $3,080
-
24b · Other expenses: MISCELLANEOUS EXPENSES
total $1,510 · management and general $1,510
-
24c · Other expenses: BANK FEE
total $302 · management and general $302
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
end of year $1,209,250
-
10a · Land, buildings and equipment: cost or other basis
$28,041
-
10b · Land, buildings and equipment: accumulated depreciation
$4,722
-
10c · Land, buildings and equipment, net
end of year $23,319
-
17 · Accounts payable and accrued expenses
end of year $148
-
25 · Other liabilities
end of year $11,995
-
27 · Net assets without donor restrictions
end of year $1,220,426
Mission and programs · 2022
Mission
WE AIM TO ESTABLISH A WORLD-CLASS TELEVISION STATION WHOSE PROGRAM AND CONTENT WILL BENEFIT AND ENRICH PEOPLE'S LIVES. WE WANT TO BROADCAST TRUTHFUL INFORMATION AND UNIQUE PROGRAMMING. WE ARE PRODUCING NEWS AND RELATED TV CONTENT.
-
INCREASED LOCAL 15 MINUTES NEWS SEGMENT TO 30 MINUTES
Expenses $414,412
-
TO CREATE LOCAL NEWS OF LOS ANGELES
Expenses $91,505
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Bill GuanBILL GUAN
CFO
- Total calculated
- $0
- Hours/week
- 10
-
Chris LeeCHRIS LEE
DIRECTOR/SEC
- Total calculated
- $0
- Hours/week
- 40
-
John TangJOHN TANG
CHAIR
- Total calculated
- $0
- Hours/week
- 2
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
- 13 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202323209349300627
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