Civic Intelligence

Regional Educational Television Network Inc

990 • Fiscal year 2020 • EIN 03-0343285

Jan 01, 2020 to Dec 31, 2020 • Filed on May 10, 2021

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

57th percentile

0.15x

Higher debt load relative to assets than 57% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

64th percentile

0.25x

Higher debt load relative to revenue than 64% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

38th percentile

0.3%

Higher net margin than 38% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

63rd percentile

$87,640

Higher top officer pay than 63% of similar nonprofits.

Top officer pay equals 12.3% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

63rd percentile

12%

Faster asset growth than 63% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

52nd percentile

1.7%

Faster revenue growth than 52% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$1,153,712

Up $126,224 (+12%) from 2019

Net Assets

Up

$977,097

Up $66,614 (+7.3%) from 2019

Liabilities

Up

$176,615

Up $59,610 (+51%) from 2019

Revenue

Up

$711,844

Up $11,561 (+1.7%) from 2019

Expenses

Up

$709,590

Up $8,716 (+1.2%) from 2019

Net Income

Up

$2,254

Up $2,845 (+481%) from 2019

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

2020

Assets$1,153,712
Liabilities$176,615
Net Assets$977,097

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

2020

Revenue$711,844
Expenses$709,590
Net Income$2,254
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 10, 2021
Return Version
2020v4.1
Gross Receipts
$711,844
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
Savings and Temporary Cash Investments$363,903$505,827▲ $141,924
Land, Buildings, and Equipment, Net$441,545$420,314▼ $21,231
Accounts Receivable$179,747$199,680▲ $19,933
Prepaid Expenses and Deferred Charges$7,869$6,238▼ $1,631
Cash and Non-Interest-Bearing Accounts$28,779$1,824▼ $26,955
Total Assets$1,027,488$1,153,712▲ $126,224
Other Assets Total$5,645$19,829▲ $14,184
Liabilities
Deferred Revenue$73,821$105,968▲ $32,147
Other Liabilities$27,866$56,400▲ $28,534
Accounts Payable and Accrued Expenses$15,318$14,247▼ $1,071
Total Liabilities$117,005$176,615▲ $59,610
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$910,483$977,097▲ $66,614
Total Net Assets Fund Balance$910,483$977,097▲ $66,614
Total Liabilities and Net Assets / Fund Balance$1,027,488$1,153,712▲ $126,224

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$104,717$555,587$660,304
Leasehold Improvements$269,831$110,008$379,839
Other Land Buildings$45,766$170,340$216,106
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jess WilsonExecutive DirectorFT$73,740$13,900$87,640

Board Members and Trustees

NameTitle
Gary LambertPresident
Shelagh ShapiroVice President
Bonnie BirdsallDirector
Jason RaymondDirector
Jessica WilsonDirector
Keith OppenheimSecretary
Chris DissingerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$19,316
Program Service Revenue
$690,619
Investment Income
$1,094
Other Revenue
$815
All Other Contributions
$656
Change in Net Assets
$2,254

Audited Revenue Reconciliation

Revenue per Audited Statements
$711,844
Total Revenue per Audited Statements
$711,844
Total Revenue per Form 990
$711,844
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$439,568
Other Expenses$270,022
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$250,237--$250,237
Other Employee Benefits$64,679$14,810-$79,489
Current Officers, Directors, Trustees, and Key Employees$15,324$61,298-$76,622
Depreciation Depletion$62,476$11,199-$73,675
Occupancy$31,494$7,874-$39,368
Payroll Taxes$26,576$6,644-$33,220
Advertising$15,825--$15,825
Fees for Services Other$2,730$12,230-$14,960
Office Expenses$6,536$5,716-$12,252
Other Expenses$11,519$1,124-$11,519
Insurance$9,203$2,301-$11,504
Fees for Services Accounting-$6,194-$6,194
All Other Expenses$3,495$665-$4,160
Fees for Services Legal-$2,242-$2,242
Total Functional Expenses$574,498$135,092$0$709,590

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$709,590
Total Expenses per Audited Statements$709,590
Total Expenses per Form 990$709,590
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$24,893
Accrued wages$19,829
Accrued vacation$11,678
Fiscal Sponsor payable-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
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 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
2021-05-10
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
16
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 104,600, Grants and allocations 0, Revenue 0 Outreach and Website 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 with our partner VCAM at www.mediafactory.org has expanded all content sharing and contribution capacity within the community and integrated the internal workflow of the organization with the public presence online. It includes TV schedules, workshop and course registration, and an integration of content from RETN partners and notable educational initiatives both local and national.

Form 990, Part III, Line 4A

Production and Collaboration - RETN cablecasts Channel 1094 on cable systems that includes Comcast in Williston, Comcast in Shelburne. On the Burlington Telecom System, RETN cablecasts in standard definition on Channel 16 and in high definition on Channel 216. In 2020, RETN aired 168 hours of programming per week on each of the four channels and produced more than 200 local programs with 6 full-time staff, 11 as need part-time employees, 7 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 Special Olympics Penguin Plunge, the State Board of Education monthly meeting with the Vermont Agency of Education, and local school board meetings. The COVID-19 health emergency hit in March 2020 and moved much of our production into the virtual realm. Our production and content teams provided hours of direct technical support to our school district and non-profit partners to adapt their public meetings and presentations to Zoom and other online meeting tools.

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 2020 we moved all course offerings online to enable community members to access our educational workshops safely during the pandemic. We also created a new workshop series called Work With What You Got that provided training and tools to create community video content with equipment they had at home, like cell phones and iPads. We also worked with community media centers across Vermont on a collaborative summer movie project called CrowdSourced Cast Away https//www.mediafactory.org/crowdsourcedvt The project provided video training, gear, and support to 36 teams of Vermonters as they reproduced scenes from the famous film.

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, 216 and 1094. 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. . In 2020 RETN complied with State of Vermont shutdown orders related to the COVID-19 pandemic and this reduced facility usage numbers. Following state guidelines, we gradually reopened our facility to the public and provided curbside equipment pick up and drop off, as well as limited studio and editing space reservations.

Form 990, Part XI, Line 9

64,360 PPP Loan forgiveness

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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Program Service Expenses 104,600, Grants and allocations 0, Revenue 0 Outreach and Website 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 with our partner VCAM at www.mediafactory.org has expanded all content sharing and contribution capacity within the community and integrated the internal workflow of the organization with the public presence online. It includes TV schedules, workshop and course registration, and an integration of content from RETN partners and notable educational initiatives both local and national.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Production and Collaboration - RETN cablecasts Channel 1094 on cable systems that includes Comcast in Williston, Comcast in Shelburne. On the Burlington Telecom System, RETN cablecasts in standard definition on Channel 16 and in high definition on Channel 216. In 2020, RETN aired 168 hours of programming per week on each of the four channels and produced more than 200 local programs with 6 full-time staff, 11 as need part-time employees, 7 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 Special Olympics Penguin Plunge, the State Board of Education monthly meeting with the Vermont Agency of Education, and local school board meetings. The COVID-19 health emergency hit in March 2020 and moved much of our production into the virtual realm. Our production and content teams provided hours of direct technical support to our school district and non-profit partners to adapt their public meetings and presentations to Zoom and other online meeting tools.
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 2020 we moved all course offerings online to enable community members to access our educational workshops safely during the pandemic. We also created a new workshop series called Work With What You Got that provided training and tools to create community video content with equipment they had at home, like cell phones and iPads. We also worked with community media centers across Vermont on a collaborative summer movie project called CrowdSourced Cast Away https//www.mediafactory.org/crowdsourcedvt The project provided video training, gear, and support to 36 teams of Vermonters as they reproduced scenes from the famous film.
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, 216 and 1094. 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. . In 2020 RETN complied with State of Vermont shutdown orders related to the COVID-19 pandemic and this reduced facility usage numbers. Following state guidelines, we gradually reopened our facility to the public and provided curbside equipment pick up and drop off, as well as limited studio and editing space reservations.
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

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