Civic Intelligence

Regional Educational Television Network Inc

990 • Fiscal year 2018 • EIN 03-0343285

Jan 01, 2018 to Dec 31, 2018 • Filed on Apr 24, 2019

PO Box 4494Burlington, VT 05406-4494

(802) 654-7980

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

59th percentile

0.07x

Higher debt load relative to assets than 59% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

65th percentile

0.09x

Higher debt load relative to revenue than 65% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

36th percentile

-1.0%

Higher net margin than 36% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

82nd percentile

$81,793

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 11.1% of source-year revenue.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Asset Growth

41st percentile

-0.9%

Faster asset growth than 41% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

38th percentile

-1.1%

Faster revenue growth than 38% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Assets

Down

$976,940

Down $8,980 (-0.9%) from 2017

Net Assets

Down

$911,074

Down $7,388 (-0.8%) from 2017

Liabilities

Down

$65,866

Down $1,592 (-2.4%) from 2017

Revenue

Down

$738,425

Down $8,486 (-1.1%) from 2017

Expenses

Down

$745,813

Down $27,130 (-3.5%) from 2017

Net Income

Up

-$7,388

Up $18,644 (+72%) from 2017

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

2018

Assets$976,940
Liabilities$65,866
Net Assets$911,074

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

2018

Revenue$738,425
Expenses$745,813
Net Income-$7,388
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Apr 24, 2019
Return Version
2018v3.1
Gross Receipts
$738,425
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.

Regional Educational Technology Network - RETN - makes media and technology accessible to advance education and civic engagement.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$470,566$475,182▲ $4,616
Savings and Temporary Cash Investments$304,746$283,117▼ $21,629
Accounts Receivable$196,402$194,055▼ $2,347
Prepaid Expenses and Deferred Charges$7,278$14,089▲ $6,811
Cash and Non-Interest-Bearing Accounts$6,928$10,497▲ $3,569
Total Assets$985,920$976,940▼ $8,980
Liabilities
Deferred Revenue$24,560$25,739▲ $1,179
Accounts Payable and Accrued Expenses$31,761$24,473▼ $7,288
Other Liabilities$11,137$15,654▲ $4,517
Total Liabilities$67,458$65,866▼ $1,592
Net Assets / Fund Balance
Unrestricted Net Assets$918,462$911,074▼ $7,388
Total Net Assets Fund Balance$918,462$911,074▼ $7,388
Total Liabilities and Net Assets / Fund Balance$985,920$976,940▼ $8,980

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$143,982$459,351$603,333
Leasehold Improvements$293,477$86,362$379,839
Other Land Buildings$37,723$140,811$178,534
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jess WilsonExecutive DirectorFT$69,813$11,980$81,793

Board Members and Trustees

NameTitle
Gary LambertPresident
Jessica WilsonVice President
Chris DissingerDirector
Jason RaymondDirector
Keith OppenheimDirector
Shelagh ShapiroDirector
Bonnie BirdsallSecretary
Alan LeviTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$971
Program Service Revenue
$736,409
Investment Income
$1,045
Other Revenue
$0
All Other Contributions
$971
Change in Net Assets
$-7,388
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$435,164
Other Expenses$310,649
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$291,647$32,794-$324,441
Depreciation Depletion$70,825$12,577-$83,402
Other Employee Benefits$69,220$6,281-$75,501
Occupancy$32,342$8,086-$40,428
Payroll Taxes$32,052$3,170-$35,222
Fees for Services Other$12,279$13,387-$25,666
Fees for Services Legal-$23,876-$23,876
Other Expenses$16,939$1,100-$16,939
Office Expenses$5,695$5,395-$11,090
Insurance$8,214$2,053-$10,267
Advertising$8,454--$8,454
Fees for Services Accounting-$8,113-$8,113
All Other Expenses$2,774$274-$3,048
Total Functional Expenses$626,321$119,492$0$745,813
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued vacation$7,946
Federal income taxes$7,708
Accrued wages-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
No
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
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, Section A, Line 8

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

Form 990, Part VI, Section B, Line 11B

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

Form 990, Part VI, Section B, Line 15A

Documented by Board of Directors

Form 990, Part VI, Section C, Line 19

Available at the RETN offices upon request

Filing and Contact Details

Filer

Filer Name
Regional Educational Television Network
EIN
03-0343285
Phone
8026547980
Address
PO Box 4494, Burlington, VT 05406-4494

Signing Officer

Name
Jess Wilson
Title
Executive Director
Signed
2019-04-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jess Wilson
Formed
1994
Legal Domicile
Vt
Voting Board Members
8
Independent Board Members
8
Employees
20
Volunteers
5

Preparer

Firm
Wisehart Wimette Associates PLC
Address
159 River Road, Essex Junction, VT 05452
Preparer
Kirk Wisehart
Phone
8028791055
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D

Program Service Expenses 92,709, Grants and allocations 0, Revenue 0 Outreach and Website See Schedule O

Form 990, Part III, Line 4A

Production and Collaboration - RETN cablecasts Channel 16 on three cable systems that included Comcast in Williston, Comcast in Shelburne and Burlington Telecom in Burlington. In 2017 Production and Collaboration - RETN launched a high definition cable channel BTVHD 216 on the Burlington Telecom system. BTVHD programming is focused on local arts, culture and music. In 2018, RETN aired 168 hours of programming per week on each of the four channels and produced more than 225 local programs with 5 full-time, 1 regular part-time staff member, 10 as need part-time employees, 3 interns and volunteers, 20 community organizational partners, 2 colleges, 1 university, and 36 k-12 schools in 5 school districts. Among these programs, RETN worked with a variety of community members - educational, non-profit and commercial businesses - to produce programs including information sessions in schools and public libraries, concerts by the Vermont Youth Orchestra, presentations from the Center on Research on Vermont, the Female Founders Lecture Series, a live NASA International Space Station uplink with the Charlotte Central School, the Special Olympics Penguin Plunge, the State Board of Education monthly meeting with the Vermont Agency of Education, and local school board meetings. Continuing collaboration with schools in Chittenden and Addison Counties including commencement ceremonies from all local high schools, events from Shelburne Community School and Williston Central School, informational videos about school bond votes and showcases of student work from a number of middle schools, high schools and colleges. These programs are provided on Channel 16 and BTVHD 216 and as video-on-demand for the public at the RETN website

Form 990, Part III, Line 4B

Community Education - RETN continues to expand educational programs providing students, teachers and other community members training in the skills of video production, storytelling, audio production and distribution of content. In 2018 RETN continued to offer a New Video Makers workshop series as well as workshops in basic camera operation, advanced camera skills, iPad video, green screen and editing. In 2018 RETN began to explore virtual reality educational curriculum and plans to add new courses in 2019. In 2018, staff also collaborated with VCAM, the public access television channel, to create a combined media education course catalog. RETNs education efforts, workshops and courses have increased participation by teachers, students and community members producing programs for cablecast and distribution by RETN.

Form 990, Part III, Line 4C

Educational Access Programming - RETN is a community media organization operating the educational access and arts channels on four cable television systems in northwestern Vermont. RETN provides the opportunity for schools, other education organizations and community scholars to acquire, produce and cablecast educational programs, arts and cultural events, learning events and educational policy coverage for the public via the cable systems on Channels 16 and 216. RETN operates and maintains video production, post-production, cablecast, and web-based facilities designated for use by community producers representing the schools and the broader educational community. RETN also provides teacher, student and community training and presentations pertaining to the educational use of telecommunications, video and other technologies.

Form 990, Part III, Section A, Line 4D

Outreach and Website RETN 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, open houses, social media, newsletters, public presentations and a significant website. Ongoing web site development has expanded all content sharing and contribution capacity within the community and integrated the internal workflow of the organization with the public presence online. RETNs 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. Partially to support outreach efforts and increase public participation in community media, RETN collaborated with VCAM to launch a low power FM radio station in 2017. 99.3 WBTV-LP went on the air in Burlington in 2017. 99.3 WBTV-LP went on the air in Burlington in the fall after several years of planning with community members. Currently more than 40 local radio programs are broadcast on WBTV-LP.

Financial Statement Notes

X 2

The Organization is a nonprofit organization exempt from income taxes under Section 501C3 of the Internal Revenue Code and none of its present or anticipated future activities are subject to taxation as unrelated business income therefore, no provision for income taxes has been made in the accompanying financial statements. The Organization believes it has taken no uncertain tax positions that could have an effect on its financial statements.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization is a nonprofit organization exempt from income taxes under Section 501C3 of the Internal Revenue Code and none of its present or anticipated future activities are subject to taxation as unrelated business income therefore, no provision for income taxes has been made in the accompanying financial statements. The Organization believes it has taken no uncertain tax positions that could have an effect on its financial statements.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Program Service Expenses 92,709, Grants and allocations 0, Revenue 0 Outreach and Website See Schedule O
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Production and Collaboration - RETN cablecasts Channel 16 on three cable systems that included Comcast in Williston, Comcast in Shelburne and Burlington Telecom in Burlington. In 2017 Production and Collaboration - RETN launched a high definition cable channel BTVHD 216 on the Burlington Telecom system. BTVHD programming is focused on local arts, culture and music. In 2018, RETN aired 168 hours of programming per week on each of the four channels and produced more than 225 local programs with 5 full-time, 1 regular part-time staff member, 10 as need part-time employees, 3 interns and volunteers, 20 community organizational partners, 2 colleges, 1 university, and 36 k-12 schools in 5 school districts. Among these programs, RETN worked with a variety of community members - educational, non-profit and commercial businesses - to produce programs including information sessions in schools and public libraries, concerts by the Vermont Youth Orchestra, presentations from the Center on Research on Vermont, the Female Founders Lecture Series, a live NASA International Space Station uplink with the Charlotte Central School, the Special Olympics Penguin Plunge, the State Board of Education monthly meeting with the Vermont Agency of Education, and local school board meetings. Continuing collaboration with schools in Chittenden and Addison Counties including commencement ceremonies from all local high schools, events from Shelburne Community School and Williston Central School, informational videos about school bond votes and showcases of student work from a number of middle schools, high schools and colleges. These programs are provided on Channel 16 and BTVHD 216 and as video-on-demand for the public at the RETN website
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Community Education - RETN continues to expand educational programs providing students, teachers and other community members training in the skills of video production, storytelling, audio production and distribution of content. In 2018 RETN continued to offer a New Video Makers workshop series as well as workshops in basic camera operation, advanced camera skills, iPad video, green screen and editing. In 2018 RETN began to explore virtual reality educational curriculum and plans to add new courses in 2019. In 2018, staff also collaborated with VCAM, the public access television channel, to create a combined media education course catalog. RETNs education efforts, workshops and courses have increased participation by teachers, students and community members producing programs for cablecast and distribution by RETN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Educational Access Programming - RETN is a community media organization operating the educational access and arts channels on four cable television systems in northwestern Vermont. RETN provides the opportunity for schools, other education organizations and community scholars to acquire, produce and cablecast educational programs, arts and cultural events, learning events and educational policy coverage for the public via the cable systems on Channels 16 and 216. RETN operates and maintains video production, post-production, cablecast, and web-based facilities designated for use by community producers representing the schools and the broader educational community. RETN also provides teacher, student and community training and presentations pertaining to the educational use of telecommunications, video and other technologies.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Outreach and Website RETN 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, open houses, social media, newsletters, public presentations and a significant website. Ongoing web site development has expanded all content sharing and contribution capacity within the community and integrated the internal workflow of the organization with the public presence online. RETNs 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. Partially to support outreach efforts and increase public participation in community media, RETN collaborated with VCAM to launch a low power FM radio station in 2017. 99.3 WBTV-LP went on the air in Burlington in 2017. 99.3 WBTV-LP went on the air in Burlington in the fall after several years of planning with community members. Currently more than 40 local radio programs are broadcast on WBTV-LP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5RETN has no committees with authority to act on behalf of the governing body
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Reviewed by the Executive Director, provided to Board of Directors after filing
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Documented by Board of Directors
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Available at the RETN offices upon request
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 4d
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part III, Section A, Line 4d
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section A, Line 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section B, Line 11b
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part VI, Section C, Line 19
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