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Nonprofiteer
← UNIVERSAL COMMUNICATIONS NETWORK INC

Form 990 for tax year 2022

Filed by UNIVERSAL COMMUNICATIONS NETWORK INC.

Totals

Total revenue
$48,942,676
Total expenses
$28,278,574
Contributions and grants received
$45,955,607
Grants paid
$1,293,008
Program service revenue
$2,988,211
Investment income
$2,424
Other revenue
-$3,566
Total assets, end of year
$43,928,073
Total liabilities, end of year
$8,003,450
Net assets or fund balances, end of year
$35,924,623
Program services expenses (Part IX)
$22,881,462
Management and general expenses
$5,397,112
Fundraising expenses
$0
Program service expenses (Part III)
$22,881,462

Program services were 80.9% 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

    $45,955,607

  • 2a · Program service revenue: ADVERTISING INCOME

    total $809,965 · unrelated business $809,965

  • 2b · Program service revenue: MEDIA REVENUE

    total $1,174,724 · related or exempt $1,174,724

  • 2c · Program service revenue: PROGRAM LICENSING FEES

    total $966,060 · related or exempt $966,060

  • 2d · Program service revenue: SPECIAL EVENT REVENUE

    total $37,462 · related or exempt $37,462

  • 3 · Investment income

    total $2,424 · excluded $2,424

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6a · Gross rents

    real property $800

  • 6c · Rental income or loss

    real property $800

  • 6d · Net rental income or loss

    total $800 · excluded $800

  • 7d · Net gain or loss

    total $0

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $17,683

  • 10b · Cost of goods sold

    $44,970

  • 10c · Net income from sales of inventory

    total -$27,287 · excluded -$27,287

  • 11a · Other revenue: Other income

    total $22,921 · excluded $22,921

  • 11e · Other revenue, total

    $22,921

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,293,008 · program services $1,293,008

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $161,143 · program services $128,914 · management and general $32,229

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $3,270,306 · program services $2,616,245 · management and general $654,061

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $29,867 · program services $23,894 · management and general $5,973

  • 10 · Payroll taxes

    total $288,278 · program services $230,622 · management and general $57,656

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $81,990 · program services $65,592 · management and general $16,398

  • 11c · Fees: accounting

    total $49,695 · program services $39,756 · management and general $9,939

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $518,882 · program services $415,106 · management and general $103,776

  • 12 · Advertising and promotion

    total $265,539 · program services $212,431 · management and general $53,108

  • 13 · Office expenses

    total $221,252 · program services $177,002 · management and general $44,250

  • 14 · Information technology

    total $1,041,723 · program services $833,378 · management and general $208,345

  • 15 · Royalties

    total $12,792 · program services $10,234 · management and general $2,558

  • 16 · Occupancy

    total $1,624,919 · program services $1,299,935 · management and general $324,984

  • 17 · Travel

    total $69,659 · program services $55,727 · management and general $13,932

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $186,717 · program services $149,374 · management and general $37,343

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $744,244 · program services $595,395 · management and general $148,849

  • 23 · Insurance

    total $99,917 · program services $79,934 · management and general $19,983

  • 24a · Other expenses: LEASING

    total $12,737,032 · program services $10,189,626 · management and general $2,547,406

  • 24b · Other expenses: PRODUCTION COST

    total $4,092,255 · program services $3,273,804 · management and general $818,451

  • 24c · Other expenses: Program purchase

    total $586,968 · program services $469,574 · management and general $117,394

  • 24d · Other expenses: FINDER FEES

    total $513,352 · program services $410,682 · management and general $102,670

  • 24e · All other expenses

    total $389,036 · program services $311,229 · management and general $77,807

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,289,278 · end of year $26,705,798

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $12,230,024 · end of year $721,206

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    end of year $31,582

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

    $18,960,667

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

    $4,023,037

  • 10c · Land, buildings and equipment, net

    beginning of year $6,403,856 · end of year $14,937,630

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $1,781,856 · end of year $1,531,857

  • 17 · Accounts payable and accrued expenses

    beginning of year $721,157 · end of year $670,325

  • 23 · Secured mortgages and notes payable

    beginning of year $5,373,200 · end of year $6,376,295

  • 25 · Other liabilities

    beginning of year $1,012,884 · end of year $956,830

  • 27 · Net assets without donor restrictions

    beginning of year $16,597,773 · end of year $35,924,623

Mission and programs · 2022

Mission

THE CORPORATION OPERATES NEW TANG DYNASTY TELEVISION (NTD), WHICH OFFERS UNCENSORED NEWS, YOUTH EDUCATION, AND OTHER CULTURAL MEDIA PROGRAMS TO THE PUBLIC.

  • 1) NTD GREATLY IMPROVED ENGLISH WEBSITE, AND BUILT UP FACEBOOK PAGES WHICHH ATTRACTED OVER MILLIONS OF FANS IN 2021. 2) NTD HOSTED AND PARTICIPATED IN VARIOUS COMMUNITY EVENTS IN NEW YORK, INCLUDING HEALTH FAIR, WELLNESS SEMINAR, LEGAL SEMINAR, IMMIGRATION SEMINAR, AND JOB MARKET, ETC. 3) NTD CONTINUED TO BE IN THE TOP 100 MOST WATCHED VIDEO CREATORS WITH BILLIONS OF VIDEO VIEWS ACROSS YOUTUBE, FACEBOOK, VINE AND INSTAGRAM ACCORDING TO TABULAR INSIGHTS. 4) IN 2021, NO COMPETITION WAS HELD DUE TO THE COVID-19 PANDEMIC

    Expenses $22,881,462 · Revenue $2,988,211

As filed on the 2022 return.

Listed in Part VII

  • Jin Feng

    MEMBER

    Total calculated
    $115,643
    From this org
    $115,643
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Jingli Qu

    STAFF

    Total calculated
    $114,000
    From this org
    $114,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Weidong Yang

    STAFF

    Total calculated
    $100,438
    From this org
    $100,438
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • William Cheung

    CFO

    Total calculated
    $46,833
    From this org
    $0
    From related orgs
    $46,833
    Other
    $0
    Hours/week
    20 + 20 related

  • Wanqing Huang

    Secretary

    Total calculated
    $45,500
    From this org
    $45,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Zhong Tang

    President

    Total calculated
    $42,000
    From this org
    $0
    From related orgs
    $42,000
    Other
    $0
    Hours/week
    0 + 20 related

  • Joe Wang

    MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Zhong Lee

    Chairman

    Total calculated
    $0
    Hours/week
    5

  • Samuel Zhou

    MEMBER

    Total calculated
    $0
    Hours/week
    5

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

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.

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.

  • EPOCH TIMES INC

    C CORP · MEDIA SERVICES · NY

    Directly controlled by EPOCH TIMES INC

  • EPOCH GROUP INC DBA EPOCH MEDIA GROUP

    C CORP · MEDIA SERVICES · NY

    Directly controlled by EPOCH TIMES INC

  • EPOCH USA INC

    C CORP · MEDIA SERVICES · GA

    Directly controlled by EPOCH TIMES INC

Provenance

Return type
form_990
Tax year
2022
Filed
16 November 2023
IRS schema version
2022v5.0
Source object
202333219349300008

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