Totals
- Total revenue
- $1,404,882
- Total expenses
- $1,381,450
- Contributions and grants received
- $390,467
- Grants paid
- $0
- Program service revenue
- $1,011,220
- Investment income
- $0
- Other revenue
- $3,195
- Total assets, end of year
- $1,288,865
- Total liabilities, end of year
- $45,007
- Net assets or fund balances, end of year
- $1,243,858
- Program services expenses (Part IX)
- $898,746
- Management and general expenses
- $482,704
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $898,746
Program services were 65.1% 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
$390,467
-
2a · Program service revenue: SPONSORSHIPS
total $1,011,220 · related or exempt $1,011,220
-
11a · Other revenue: OTHER REVENUE
total $3,195 · related or exempt $3,195
-
11e · Other revenue, total
$3,195
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $598,549 · program services $478,839 · management and general $119,710
-
9 · Other employee benefits
total $9,727 · program services $7,782 · management and general $1,945
-
10 · Payroll taxes
total $45,789 · management and general $45,789
-
11b · Fees: legal
total $7,015 · management and general $7,015
-
11c · Fees: accounting
total $950 · management and general $950
-
11g · Fees: other
total $7,403 · program services $5,922 · management and general $1,481
-
12 · Advertising and promotion
total $30,190 · program services $30,190
-
13 · Office expenses
total $202,399 · management and general $202,399
-
16 · Occupancy
total $112,678 · program services $90,142 · management and general $22,536
-
17 · Travel
total $47,509 · program services $38,007 · management and general $9,502
-
19 · Conferences, conventions and meetings
total $24,000 · program services $19,200 · management and general $4,800
-
22 · Depreciation, depletion and amortization
total $9,071 · program services $9,071
-
23 · Insurance
total $9,863 · management and general $9,863
-
24a · Other expenses: CONTRACT AND PROGRAM FEE
total $217,075 · program services $173,660 · management and general $43,415
-
24b · Other expenses: IN KIND CONTRIBUTION
total $39,500 · program services $39,500
-
24c · Other expenses: AUTO RELATED EXPESNES
total $8,041 · program services $6,433 · management and general $1,608
-
24d · Other expenses: PAYROLL SERVICE FEE
total $7,508 · management and general $7,508
-
24e · All other expenses
total $4,183 · management and general $4,183
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,209,250 · end of year $325,507
-
4 · Accounts receivable
end of year $912,040
-
10a · Land, buildings and equipment: cost or other basis
$65,111
-
10b · Land, buildings and equipment: accumulated depreciation
$13,793
-
10c · Land, buildings and equipment, net
beginning of year $23,319 · end of year $51,318
-
17 · Accounts payable and accrued expenses
beginning of year $148 · end of year $16,467
-
25 · Other liabilities
beginning of year $11,995 · end of year $28,540
-
27 · Net assets without donor restrictions
beginning of year $1,220,426 · end of year $1,243,858
Mission and programs · 2023
Mission
OUR MISSION IS TO ESTABLISH A WORLD-CLASS TELEVISION STATION WITH QUALITY CONTENTS THAT BENEFIT AND ENRICH PEOPLE'S LIVES; THROUGHT TRUTHFUL NEWS REPORTING, UNIQUE CULTURE AND SOCIAL PROGRAMMING.
-
BRING 24-7 NTD NETWORK PROGRAMMING INTO GREATER LOS ANGELES; BROADCASTING TURTHFUL NEWS AND UNIQUE CULTURE AND SOCIAL PROGRAMMING; PROVIDE DAILY 30 MINUTUES LOCAL NEWS PROGRAMMING.
Expenses $898,746
-
TO CREATE LOCAL NEWS OF LOS ANGELES
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Jane DingJANE DING
CFO
- Total calculated
- $0
- Hours/week
- 5
-
Chris LeeCHRIS LEE
SECRETARY
- Total calculated
- $0
- Hours/week
- 5
-
Kirk WangKIRK WANG
CEO
- 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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 9 November 2024
- IRS schema version
- 2023v5.0
- Source object
- 202403169349305985
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