Fund For Innovative T V in Chicago, Illinois (IL)
Table of contents:
| Fund For Innovative T V | |
| Employer Identification Number (EIN) | 363700892 |
| Name of Organization | Fund For Innovative T V |
| Address | 935 W Chestnut St Ste 405, Chicago, IL 60642-5480 |
| Activities | Radio or television broadcasting |
| Subsection | Charitable Organization |
| Ruling Date | 09/1990 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $125,928 |
| Amount of Income | $146,079 |
| Form 990 Revenue Amount | $146,079 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Television |
Non-representatives - add comments:
Amount of income in 2013: $146,079 (it was $158,841 in 2012)
| This organization: | $146,079 |
| Other organizations performing similar types of work: | $359,176 |
Assets in 2013: $125,928 (it was $121,599 in 2012)
| This organization: | $125,928 |
| Other organizations performing similar types of work: | $393,690 |
Expenses in 2013: $145,224
| This organization: | $145,224 |
| Other organizations performing similar types of work: | $337,753 |
Income to expenses ratio in 2013: 1.0
| Fund For Innovative T V: | 1.0 |
| Other organizations performing similar types of work: | 1.2 |
Grants share in income in 2013: 91.7%
| Fund For Innovative T V: | 91.7% |
| Other organizations performing similar types of work: | 73.2% |
Revenue for 2013
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $155,115 | $158,841 | $146,079 |
| Contributions, gifts, grants, and similar amounts received | $150,303 | $156,075 | $133,931 |
| Program service revenue including government fees and contracts | $4,812 | $2,766 | $12,148 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $0 | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $97,568 | $141,629 | $145,224 |
| Total net assets | $53,321 | $70,537 | $71,390 |
| Excess/Deficit for the year | $57,547 | $17,212 | $855 |
| Net assets or fund balances at beginning of year | $-3,051 | $53,321 | $70,537 |
| Other changes in net assets or fund balances | $-1,175 | $4 | $-2 |
| Net assets or fund balances at end of year | $70,537 | $71,390 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $125,730 | $121,599 | $125,928 |
| Total liabilities | $72,409 | $51,062 | $54,538 |
| Net assets or fund balances | $53,321 | $70,537 | $71,390 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | Yes | Yes | |
| Total amount involved | $43,412 | $43,412 | |
| Initiation fees and capital contributions | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public Support | $686,654 |
| Subtotal Support | $686,654 |
| Gifts, grants, contributions, and membership fees received | $686,654 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $0 |
| Total Support | $724,624 |
| Public Support | $686,654 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income. Do not include gain or loss from the sale of capital assets | $37,970 |
| Gross receipts from related activities, etc. | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Tri-State Christian Tv | PO BOX 1010, Marion, IL 62959-7510 | IL | 1977-08 | $7,431,458 |
| 2 | Strafford Health Alliance, Wmns Life Imaging & Marsh Brk Rehab | 200 Route 108 Ste 3, Somersworth, NH 03878-1119 | NH | 1986-05 | $8,668,701 |
| 3 | Rhode Island Pbs Foundation | 50 Park Ln, Providence, RI 02907-3124 | RI | 1988-03 | $4,709,747 |
| 4 | Upper Cumberland Broadcast Council, Wcte-Tv | PO BOX 2040, Cookeville, TN 38502-2040 | TN | 1986-05 | $1,970,399 |
| 5 | Southern Oregon Public Television Inc | 28 S Fir St Ste 200, Medford, OR 97501-2698 | OR | 1973-02 | $1,958,897 |
| 6 | West Coast Christian Television Inc | PO BOX 6922, Clearwater, FL 33758-6922 | FL | 1993-06 | $1,098,420 |
| 7 | Western Reserve Cable Television Consortium Inc | 885 Highland Rd E, Macedonia, OH 44056-2113 | OH | 1990-03 | $877,143 |
| 8 | Thurston Community Television | 440 Yauger Way Sw Ste C, Olympia, WA 98502-8153 | WA | 1985-03 | $857,007 |
| 9 | Wyoming-Kentwood Television Wktv | 5261 Clyde Park Ave Sw, Wyoming, MI 49509-9522 | MI | 1985-07 | $825,468 |
| 10 | Rutland Region Community Television | 1 Scale Avebldg 24, Rutland, VT 05701 | VT | 1994-12 | $744,675 |
| 11 | Somerville Community Access Television Inc | 90 Union Sq, Somerville, MA 02143-3028 | MA | 1984-04 | $734,897 |
| 12 | Waltham Community Access Corporation | 400 Main St, Waltham, MA 02452-6124 | MA | 1990-10 | $544,520 |
| 13 | Community Television Network | 2918 W Bloomingdale Ave Ste B1, Chicago, IL 60647 | IL | 1984-05 | $391,558 |
| 14 | Famous Door Theatre Co | PO BOX 57029, Chicago, IL 60657-0029 | IL | 1988-12 | $299,342 |
| 15 | Evanston Community Television Corporation | 2020 Asbury Ave, Evanston, IL 60201-2620 | IL | 1987-09 | $162,890 |
| 16 | Behold The Lamb Ministries Inc | PO BOX 2030, Herrin, IL 62948-5230 | IL | 1990-08 | $158,109 |
| 17 | Fund For Innovative T V | 935 W Chestnut St Ste 405, Chicago, IL 60642-5480 | IL | 1990-09 | $146,079 |
| 18 | Bureau County Genealogical Society | 629 S Main St, Princeton, IL 61356 | IL | 1992-12 | $0 |
| 19 | Chicago Foundation For Religious And Cultural Reflections | 2400 N Lakeview Ave Apt 2704, Chicago, IL 60614-2741 | IL | 1987-01 | $0 |
| 20 | Omni U New Thought Development Centers | 1745 Butterfield Lane, Flossmoor, IL 60422 | IL | 1991-12 | $0 |
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