Civic Intelligence

Regional Educational Television Network Inc

990 • Fiscal year 2019 • EIN 03-0343285

Jan 01, 2019 to Dec 31, 2019 • Filed on Jul 14, 2020

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

55th percentile

0.11x

Higher debt load relative to assets than 55% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

62nd percentile

0.17x

Higher debt load relative to revenue than 62% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

39th percentile

-0.1%

Higher net margin than 39% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

61st percentile

$85,117

Higher top officer pay than 61% of similar nonprofits.

Top officer pay equals 12.2% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

56th percentile

5.2%

Faster asset growth than 56% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

29th percentile

-5.2%

Faster revenue growth than 29% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$1,027,488

Up $50,548 (+5.2%) from 2018

Net Assets

Down

$910,483

Down $591 (-0.1%) from 2018

Liabilities

Up

$117,005

Up $51,139 (+78%) from 2018

Revenue

Down

$700,283

Down $38,142 (-5.2%) from 2018

Expenses

Down

$700,874

Down $44,939 (-6.0%) from 2018

Net Income

Up

-$591

Up $6,797 (+92%) from 2018

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

2019

Assets$1,027,488
Liabilities$117,005
Net Assets$910,483

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

2019

Revenue$700,283
Expenses$700,874
Net Income-$591
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jul 14, 2020
Return Version
2019v5.1
Gross Receipts
$700,283
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$475,182$441,545▼ $33,637
Savings and Temporary Cash Investments$283,117$363,903▲ $80,786
Accounts Receivable$194,055$179,747▼ $14,308
Cash and Non-Interest-Bearing Accounts$10,497$28,779▲ $18,282
Prepaid Expenses and Deferred Charges$14,089$7,869▼ $6,220
Total Assets$976,940$1,027,488▲ $50,548
Other Assets Total-$5,645-
Liabilities
Deferred Revenue$25,739$73,821▲ $48,082
Other Liabilities$15,654$27,866▲ $12,212
Accounts Payable and Accrued Expenses$24,473$15,318▼ $9,155
Total Liabilities$65,866$117,005▲ $51,139
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$911,074$910,483▼ $591
Total Net Assets Fund Balance$911,074$910,483▼ $591
Total Liabilities and Net Assets / Fund Balance$976,940$1,027,488▲ $50,548

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$118,516$509,344$627,860
Leasehold Improvements$281,654$98,185$379,839
Other Land Buildings$41,375$154,731$196,106
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jess WilsonExecutive DirectorFT$74,498$10,619$85,117

Board Members and Trustees

NameTitle
Gary LambertPresident
Jessica WilsonVice President
Jason RaymondDirector
Keith OppenheimDirector
Shelagh ShapiroDirector
Bonnie BirdsallSecretary
Alan Levi left in 2019Treasurer
Chris DissingerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,968
Program Service Revenue
$691,907
Investment Income
$1,155
Other Revenue
$5,253
All Other Contributions
$1,968
Change in Net Assets
$-591
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$401,415
Other Expenses$299,459
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$274,007$26,811-$300,818
Depreciation Depletion$64,224$11,512-$75,736
Other Employee Benefits$63,478$5,336-$68,814
Occupancy$31,595$7,899-$39,494
Payroll Taxes$21,295$10,488-$31,783
Fees for Services Other$3,580$16,848-$20,428
Other Expenses$16,548$1,753-$16,548
Advertising$12,797--$12,797
Insurance$8,614$2,153-$10,767
Office Expenses$4,118$5,278-$9,396
Fees for Services Accounting-$6,175-$6,175
All Other Expenses$3,879$1,029-$4,908
Fees for Services Legal-$1,208-$1,208
Total Functional Expenses$596,619$104,255$0$700,874
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
Federal income taxes$14,612
Accrued vacation$7,610
Accrued wages$5,644
Fiscal Sponsor payable-
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 35% controlled entity
No
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, Section A, Line 8

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

Form 990, Part VII, 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
2020-07-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jess Wilson
Formed
1994
Legal Domicile
Vt
Voting Board Members
7
Independent Board Members
7
Employees
21
Volunteers
7

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 92,911, Grants and allocations 0, Revenue 0 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, film screenings, 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. In 2019 RETN began collaborating with partner VCAM on a new shared website at www.mediafactory.org and to create an app for viewing local and community content.

Form 990, Part III, Section A, 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 RETN launched a high definition cable channel BTVHD 216 on the Burlington Telecom system. In 2019, RETN aired 168 hours of programming per week on each of the four channels and produced more than 264 local programs with 6 full-time, 1 regular part-time staff member, 10 as need part-time employees, 2 interns and volunteers, 15 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, community presentations, the Female Founders Lecture Series, 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 publication on the RETN website.

Form 990, Part III, Section A, 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 2019 RETN continued to offer workshops in basic camera operation, advanced camera skills, iPad video, green screen and editing. In 2019 RETN began to offer virtual reality educational curriculum including 360camera production. RETNs education efforts, workshops and courses have increased participation by teachers, students and community members producing programs for cablecast and distribution by RETN. 2019 Training numbers 68 workshops 144 participants, 1 youth camp, 7 professional development workshops for non-profits and educators 93 participants, direct support for college, high school and middle school courses - 100 students served.

Form 990, Part III, Section A, 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. With partner VCAM, RETN also lends equipment to the public for the production of TV content. 2019 community facility use field gear reservations 1391, studio reservations 397, editing reservations 429, radio booth reservations 692.

Financial Statement Notes

X 2

The Organization annually files an IRS Form 990, Return of Organization Exempt From Income Tax, tax return in the U.S. federal jurisdiction. The Organization is no longer subject to U.S. federal income tax examination by tax authorities for the years prior to 2016. In the normal course of business, the Organization is subject to examination by various taxing authorities. Although the outcome of tax audits is always uncertain, the Organization believes there are no significant unrecognized tax liabilities at December 31, 2019 and 2018.

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IRS990/PayrollTaxesGrp/TotalAmt031783
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IRS990/PoliticalCampaignActyInd0false
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IRS990/PrincipalOfficerNm0Jess Wilson
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IRS990/ProgSrvcAccomActy2Grp/Desc0Community Education See Schedule O
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IRS990/ProgSrvcAccomActy3Grp/Desc0Educational Access Programming See Schedule O
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IRS990ScheduleA/FactsAndCircumstancesTestTxt0Part III Section B Line 12 Fiscal sponsorship income of 5,253
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IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization annually files an IRS Form 990, Return of Organization Exempt From Income Tax, tax return in the U.S. federal jurisdiction. The Organization is no longer subject to U.S. federal income tax examination by tax authorities for the years prior to 2016. In the normal course of business, the Organization is subject to examination by various taxing authorities. Although the outcome of tax audits is always uncertain, the Organization believes there are no significant unrecognized tax liabilities at December 31, 2019 and 2018.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Program Service Expenses 92,911, Grants and allocations 0, Revenue 0 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, film screenings, 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. In 2019 RETN began collaborating with partner VCAM on a new shared website at www.mediafactory.org and to create an app for viewing local and community content.
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 RETN launched a high definition cable channel BTVHD 216 on the Burlington Telecom system. In 2019, RETN aired 168 hours of programming per week on each of the four channels and produced more than 264 local programs with 6 full-time, 1 regular part-time staff member, 10 as need part-time employees, 2 interns and volunteers, 15 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, community presentations, the Female Founders Lecture Series, 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 publication on 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 2019 RETN continued to offer workshops in basic camera operation, advanced camera skills, iPad video, green screen and editing. In 2019 RETN began to offer virtual reality educational curriculum including 360camera production. RETNs education efforts, workshops and courses have increased participation by teachers, students and community members producing programs for cablecast and distribution by RETN. 2019 Training numbers 68 workshops 144 participants, 1 youth camp, 7 professional development workshops for non-profits and educators 93 participants, direct support for college, high school and middle school courses - 100 students served.
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. With partner VCAM, RETN also lends equipment to the public for the production of TV content. 2019 community facility use field gear reservations 1391, studio reservations 397, editing reservations 429, radio booth reservations 692.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4RETN has no committees with authority to act on behalf of the governing body
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Reviewed by the Executive Director, provided to Board of Directors after filing
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Documented by Board of Directors
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Available at the RETN offices upon request
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 4d
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part III, Section A, Line 4a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part III, Section A, Line 4b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part III, Section A, Line 4c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section A, Line 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VII, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section B, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false

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