Civic Intelligence

Regional Educational Television Network Inc

990 • Fiscal year 2013 • EIN 03-0343285

Jan 01, 2013 to Dec 31, 2013 • Filed on Dec 02, 2015

PO Box 4494Burlington, VT 05406

(802) 654-7980

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Down

$1,129,333

Down $32,518 (-2.8%) from 2012

Net Assets

Up

$1,086,314

Up $61,909 (+6.0%) from 2012

Liabilities

Down

$43,019

Down $94,427 (-69%) from 2012

Revenue And Expenses

Revenue

$751,190

No earlier filing loaded for comparison.

Expenses

Up

$689,282

Up $106,107 (+18%) from 2012

Net Income

$61,908

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2010: $1,031,519Liabilities 2010: $249,524Net Assets 2010: $781,9952010Assets 2011: $1,096,341Liabilities 2011: $163,960Net Assets 2011: $932,3812011Assets 2012: $1,161,851Liabilities 2012: $137,446Net Assets 2012: $1,024,4052012Assets 2013: $1,129,333Liabilities 2013: $43,019Net Assets 2013: $1,086,3142013Assets 2014: $1,087,058Liabilities 2014: $93,843Net Assets 2014: $993,2152014Assets 2015: $1,004,196Liabilities 2015: $22,446Net Assets 2015: $981,7502015Assets 2016: $1,041,344Liabilities 2016: $96,850Net Assets 2016: $944,4942016Assets 2017: $985,920Liabilities 2017: $67,458Net Assets 2017: $918,4622017Assets 2018: $976,940Liabilities 2018: $65,866Net Assets 2018: $911,0742018Assets 2019: $1,027,488Liabilities 2019: $117,005Net Assets 2019: $910,4832019Assets 2020: $1,153,712Liabilities 2020: $176,615Net Assets 2020: $977,0972020Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021

Highlighted filing

2013

Assets$1,129,333
Liabilities$43,019
Net Assets$1,086,314

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KExpenses 2010: $488,0752010Expenses 2011: $502,6822011Expenses 2012: $583,1752012Revenue 2013: $751,190Expenses 2013: $689,282Net Income 2013: $61,9082013Revenue 2014: $688,065Expenses 2014: $783,063Net Income 2014: -$94,9982014Revenue 2015: $802,028Expenses 2015: $817,093Net Income 2015: -$15,0652015Revenue 2016: $753,486Expenses 2016: $790,742Net Income 2016: -$37,2562016Revenue 2017: $746,911Expenses 2017: $772,943Net Income 2017: -$26,0322017Revenue 2018: $738,425Expenses 2018: $745,813Net Income 2018: -$7,3882018Revenue 2019: $700,283Expenses 2019: $700,874Net Income 2019: -$5912019Revenue 2020: $711,844Expenses 2020: $709,590Net Income 2020: $2,2542020Revenue 2021: $151,772Expenses 2021: $187,078Net Income 2021: -$35,3062021

Highlighted filing

2013

Revenue$751,190
Expenses$689,282
Net Income$61,908
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Dec 2, 2015
Return Version
2013v4.0
Gross Receipts
$751,190
Mission and Program Overview

Mission

Regional Educational Technology Network - RETN - makes media and technology accessible for all students and lifelong learners to advance education and civic engagement.

RETN makes media and technology accessible to advance education and civic engagement.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$582,098$506,972▼ $75,126
Land, Buildings, and Equipment, Net$393,059$453,600▲ $60,541
Accounts Receivable$182,580$170,333▼ $12,247
Prepaid Expenses and Deferred Charges$4,534$1,854▼ $2,680
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Cash and Non-Interest-Bearing Accounts$-420$-3,426▼ $3,006
Total Assets$1,161,851$1,129,333▼ $32,518
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$42,148$30,457▼ $11,691
Deferred Revenue$95,298$12,562▼ $82,736
Total Liabilities$137,446$43,019▼ $94,427
Net Assets / Fund Balance
Unrestricted Net Assets$1,024,405$1,086,314▲ $61,909
Total Net Assets Fund Balance$1,024,405$1,086,314▲ $61,909
Total Liabilities and Net Assets / Fund Balance$1,161,851$1,129,333▼ $32,518

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$273,039$865,390$1,138,429
Leasehold Improvements$88,118$31,955$120,073
Other Land Buildings$92,443$9,202$101,645
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Scott CampitelliExecutive DirecFT$69,470$9,611$79,081
Jay HoffmanPresident-$2,500-$2,500

Board Members and Trustees

NameTitle
Cindy RemyPresident
Jessica WilsonVice President
Bob OwensDirector
Diana BurrittDirector
Ed BianchiDirector
Ellen MatthewsDirector
Gary LambertDirector
Bonnie BirdsallSecretary
Alan LeviTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$749,361
Investment Income
$1,829
Other Revenue
$0
Change in Net Assets
$61,908
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$382,896
Other Expenses$306,386
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$206,106$23,021-$229,127
Depreciation Depletion$96,510$19,767-$116,277
Current Officers, Directors, Trustees, and Key Employees$50,170$31,779-$81,949
Other Employee Benefits$38,166$5,352-$43,518
All Other Expenses$19,180$11,702-$30,882
Payroll Taxes$23,111$4,733-$27,844
Occupancy$19,165$3,925-$23,090
Information Technology$16,528$3,953-$20,481
Fees for Services Accounting-$16,247-$16,247
Insurance$10,118$2,073-$12,191
Office Expenses$7,578$1,553-$9,131
Other Expenses$6,060$1,515-$7,575
Fees for Services Other$2,570$1,798-$4,368
Travel$3,187$653-$3,840
Advertising$1,280$320-$1,600
Fees for Services Legal-$1,320-$1,320
Pension Plan Contributions$412$46-$458
Total Functional Expenses$559,525$129,757$0$689,282
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 4: Description of Significant Changes to Organizational Documents

In November 2013, the RETN Board of Directors took action to modify RETN ByLaws as recommended by the ByLaws Revision Task Force of the Board. Part of these changes were housekeeping updates to several sections. In addition, substantial changes were made to two important areas of governance. The first of these redefined RETN's membership as 1)organizational members, including schools, non-profits, and for- profits; and 2) individual members. The second governance change reconstituted the board members from "12 city/town representative appointed by school boards, and up to 3 comunity-at-large members" to between 9 and 15 members, including representation from schools, non-profits and the RETN community with a minimum of 4 members from schools. See the attached revised ByLaws.

Form 990, Part VI, Line 8: Explanation of No Contemporaneously Documentation of Meetings

RETN has no committees with authority to act on behalf of the governing body.

Form 990, Part VI, Line 11B: Form 990 Review Process

Reviewed by Executive Director, provided to Board of Directors after filing.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Documented by Board of Directors.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Available at the RETN offices upon request.

Filing and Contact Details

Filer

EIN
03-0343285
Phone
8026547980

Signing Officer

Name
Scott Campitelli
Title
Executive Director
Signed
2015-12-02
Discuss with paid preparer
Yes

Organization Details

Formed
1994
Legal Domicile
Vt
Voting Board Members
8
Independent Board Members
8
Employees
24
Volunteers
20

Preparer

Preparer
Colleen L Montgomery CPA
Phone
8028646565
Supplemental Narrative

Additional Explanations

Client Note 1

Client Note 1 - 2013 Form 990 AmendmentThe 2013 return is being amended to correct the recording of $5000 of income.Originally, $5000 was recorded as deferred revenue as of 12/31/13.The correction for 2013 increases Operating revenue by $5000 and reduces the liability account of Deferred Revenue by $5000.

Form 990, Part III, Line 4D: Other Program Services Description

OTHER PROGRAM SERVICES 4: Community EducationRETN has continued and expanded a number of educational programs providing students, teachers, and other community members training in the skills of video production and distribution of content. In 2013, RETN established monthly workshops in basic camera skills, advanced camera skills, and editing. For a second year, RETN also taught a graduate level course in teaching with video production, aimed at K-12 teachers and accredited by Southern New Hampshire University (PDCO545). These workshops and the course have increased participation by teachers, students, and community members producing programs for cablecast and distribution by RETN.

Other Changes In Net Assets Or Fund Balances - Other Increases

Rounding = $1

Amended Explanation

There was a $5000 deferred revenue was included in current revenue in error.

Changes in Board of Directors

Cindy Remy resigned as board president and left the Board on August 1, 2013.Jay Hoffman left his position of vice president and was elected President effective September 1, 2013.Jessica Wilson was elected Vice President effective September 1, 2013.Ellen Matthews left the board on August 31, 2013.

Financial Statement Notes

Part X : FIN48 Footnote

As evaluated against criteria established by professional standards, management believes there are no significant tax positions requiring accounting recognition in the financial statements. The Organizations federal Forms 990 are subject to examination by the Internal Revenue Service generally for the years ended December 2012, 2011,and 2010.

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IRS990/MissionDesc0Regional Educational Technology Network - RETN - makes media and technology accessible for all students and lifelong learners to advance education and civic engagement.
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IRS990/OtherExpensesGrp/Desc3EE education
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IRS990/ProgSrvcAccomActy2Grp/Desc0Community EducationRETN has continued and expanded a number of educational programs providing students, teachers, and other community members training in the skills of video production and distribution of content. In 2013, RETN established monthly workshops in basic camera skills, advanced camera skills, and editing. For a second year, RETN also taught a graduate level course in teaching with video production, aimed at K-12 teachers and accredited by Southern New Hampshire University (PDCO545). These workshops and the course have increased participation by teachers, students, and community members producing programs for cablecast and distribution by RETN.
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IRS990/ProgSrvcAccomActy3Grp/Desc0Outreach and WebsiteRETN reaches out to schools and nonprofits with an educational mission to partner on creating content, events, and activities for the local community of lifelong learners. This outreach includes sponsorship of events, media stories, and a significant website, redeveloped in 2012 and 2013 and launched in September 2013. The redevelopment expanded all content sharing and contribution capacity within the community and integrated the internal workflow of the organization with the public presence online. RETN's web site at retn.org is a comprehensive collection and dynamic array of content supporting the mission of RETN and responsive to the needs of the education community. It includes TV schedules, workshop and course registration, and an integration of content from RETN partners and notable educational initiatives both local and national.
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