Civic Intelligence

Independence Public Media of Philadelphia Inc.

990 • Fiscal year 2018 • EIN 22-2600747

Jul 01, 2017 to Jun 30, 2018 • Filed on May 15, 2019

441 North Fifth StreetPhiladelphia, PA 19123

(215) 483-3900

Siviq Scores

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

Liabilities / Assets

4th percentile

0.00x

Higher debt load relative to assets than 4% of similar nonprofits.

2018 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2018

Liabilities / Revenue

10th percentile

0.06x

Higher debt load relative to revenue than 10% of similar nonprofits.

2018 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2018

Net Margin

10th percentile

-12%

Higher net margin than 10% of similar nonprofits.

2018 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2018

Top Officer Pay

26th percentile

$300,130

Higher top officer pay than 26% of similar nonprofits.

Top officer pay equals 20.7% of source-year revenue.

2018 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2018

Asset Growth

28th percentile

-1.1%

Faster asset growth than 28% of similar nonprofits.

2018 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2017 to 2018

Revenue Growth

1st percentile

-99%

Faster revenue growth than 1% of similar nonprofits.

2018 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2017 to 2018

Assets

Down

$130,621,138

Down $1,484,995 (-1.1%) from 2017

Net Assets

Down

$130,528,469

Down $179,707 (-0.1%) from 2017

Liabilities

Down

$92,669

Down $1,305,288 (-93%) from 2017

Revenue

Down

$1,449,835

Down $131,284,455 (-99%) from 2017

Expenses

Down

$1,629,542

Down $1,128,611 (-41%) from 2017

Net Income

Down

-$179,707

Down $130,155,844 (-100%) from 2017

Historical Trend

Balance Sheet Trend

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

$150M$100M$50M$0Assets 2011: $1,786,470Liabilities 2011: $378,036Net Assets 2011: $1,408,4342011Assets 2012: $1,545,060Liabilities 2012: $498,423Net Assets 2012: $1,046,6372012Assets 2013: $1,326,315Liabilities 2013: $366,597Net Assets 2013: $959,7182013Assets 2014: $1,302,308Liabilities 2014: $318,294Net Assets 2014: $984,0142014Assets 2015: $1,199,721Liabilities 2015: $205,229Net Assets 2015: $994,4922015Assets 2016: $989,216Liabilities 2016: $257,177Net Assets 2016: $732,0392016Assets 2017: $132,106,133Liabilities 2017: $1,397,957Net Assets 2017: $130,708,1762017Assets 2018: $130,621,138Liabilities 2018: $92,669Net Assets 2018: $130,528,4692018Assets 2019: $131,575,987Liabilities 2019: $1,219,690Net Assets 2019: $130,356,2972019Assets 2020: $143,656,289Liabilities 2020: $1,947,417Net Assets 2020: $141,708,8722020Assets 2021: $146,951,689Liabilities 2021: $2,036,424Net Assets 2021: $144,915,2652021Assets 2022: $114,645,232Liabilities 2022: $2,325,270Net Assets 2022: $112,319,9622022Assets 2023: $117,454,732Liabilities 2023: $1,012,347Net Assets 2023: $116,442,3852023Assets 2024: $120,763,019Liabilities 2024: $38,544Net Assets 2024: $120,724,4752024

Highlighted filing

2018

Assets$130,621,138
Liabilities$92,669
Net Assets$130,528,469

Operations Trend

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

$150M$100M$50M$0-$50MRevenue 2011: $1,344,673Expenses 2011: $1,823,610Net Income 2011: -$478,9372011Expenses 2012: $1,778,5622012Expenses 2013: $1,657,0222013Revenue 2014: $1,674,893Expenses 2014: $1,650,597Net Income 2014: $24,2962014Revenue 2015: $1,646,849Expenses 2015: $1,636,371Net Income 2015: $10,4782015Revenue 2016: $1,972,818Expenses 2016: $2,235,271Net Income 2016: -$262,4532016Revenue 2017: $132,734,290Expenses 2017: $2,758,153Net Income 2017: $129,976,1372017Revenue 2018: $1,449,835Expenses 2018: $1,629,542Net Income 2018: -$179,7072018Revenue 2019: $3,635,229Expenses 2019: $7,226,735Net Income 2019: -$3,591,5062019Revenue 2020: $5,619,079Expenses 2020: $6,949,707Net Income 2020: -$1,330,6282020Revenue 2021: $21,884,406Expenses 2021: $12,852,889Net Income 2021: $9,031,5172021Revenue 2022: $6,898,202Expenses 2022: $12,026,789Net Income 2022: -$5,128,5872022Revenue 2023: $2,096,477Expenses 2023: $11,940,159Net Income 2023: -$9,843,6822023Revenue 2024: $10,894,248Expenses 2024: $8,268,499Net Income 2024: $2,625,7492024

Highlighted filing

2018

Revenue$1,449,835
Expenses$1,629,542
Net Income-$179,707
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 15, 2019
Return Version
2017v2.3
Gross Receipts
$1,449,835
Mission and Program Overview

Mission

Independence Media enriches lives through programs and services that entertain, educate, and inspire. We believe in the power of television and new technologies to connect communities, promote diversity, and encourage understanding.

Non-commercial educational television broadcast service

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$131,578,104$0▼ $131,578,104
Investments in Publicly Traded Securities-$130,328,172-
Cash and Non-Interest-Bearing Accounts$123,417$145,550▲ $22,133
Land, Buildings, and Equipment, Net$374,649$135,250▼ $239,399
Pledges and Grants Receivable$14,000$0▼ $14,000
Prepaid Expenses and Deferred Charges$7,515$3,718▼ $3,797
Total Assets$132,106,133$130,621,138▼ $1,484,995
Other Assets Total$8,448$8,448→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$200,000--
Accounts Payable and Accrued Expenses$1,197,957$92,669▼ $1,105,288
Total Liabilities$1,397,957$92,669▼ $1,305,288
Net Assets / Fund Balance
Unrestricted Net Assets$130,671,926$130,523,469▼ $148,457
Temporarily Rstr Net Assets$36,250$5,000▼ $31,250
Total Net Assets Fund Balance$130,708,176$130,528,469▼ $179,707
Total Liabilities and Net Assets / Fund Balance$132,106,133$130,621,138▼ $1,484,995

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$135,248$875,653-
Leasehold Improvements$2$25,800-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Howard BlumenthalCEOFT$300,130$300,130
Donna GrimsDevelopment ManagerFT$137,772$137,772
Nancy OgdenDirector of Finance & HrFT$136,779$136,779
Jessica K SilverDirector of OperationsFT$111,771$111,771

Board Members and Trustees

NameTitle
Rene Degeorge SmithExecutive - Chair
Christopher DunneVice Chair
Feather HoustounBoard Member
Karen KirchnerBoard Member
Frank C LordiFinance - Treasurer
Vinit DhruvaSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$100
Program Service Revenue
$168,710
Investment Income
$1,281,025
Other Revenue
$0
All Other Contributions
$100
Change in Net Assets
$-179,707

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,449,835
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,449,835
Total Revenue per Form 990
$1,449,835
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,098,813
Salaries, Compensation, and Employee Benefits$530,729
Total Fundraising Expense$188,202
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$219,262$110,634$114,136$444,032
Fees for Services Legal$92,113$165,363-$257,476
Fees for Services Other$47,227$84,784-$132,011
Depreciation Depletion$65,385$9,449$18,898$93,732
Other Employee Benefits$35,964$11,988$11,986$59,938
Information Technology$43,732$1,745-$45,477
Interest-$32,172-$32,172
Insurance$17,175$6,087$3,941$27,203
Payroll Taxes$14,351$2,939$9,469$26,759
All Other Expenses$14,702$2,937$6,842$24,481
Office Expenses$13,397$6,699$3,132$23,228
Other Expenses$13,245$187$157$13,589
Fees for Services Accounting$4,651$8,349-$13,000
Travel-$5,426-$5,426
Total Functional Expenses$972,939$468,401$188,202$1,629,542

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,629,542
Total Expenses per Audited Statements$1,629,542
Total Expenses per Form 990$1,629,542
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Conflict-of-interest policy
Yes
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 8B

The organization has only one committee which is its board of directors.

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

The organization's outside accountants prepare the financial statements. The 990 is prepared based on the board approved financial statements which is then sent to the organization for review and signature by an officer of the organization.

Form 990, Part VI, Section B, Line 12C

The organization regularly and consistently monitors the conflict of interest policy.

Form 990, Part VI, Section B, Line 15

The organization's executive director's salary is determined and approved at the board of directors meeting.

Form 990, Part VI, Section C, Line 18

The organization makes its 990 available for inspection based upon request.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, conflict of interest policy, and financial statements can be made available upon request.

Filing and Contact Details

Filer

Filer Name
Independence Public Media
EIN
22-2600747
Phone
2154833900
Address
441 NORTH FIFTH STREET, PHILADELPHIA, PA 19123

Signing Officer

Name
Rene Smith
Title
Board Chair
Phone
2154833900
Signed
2019-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rene Smith
Formed
1981
Legal Domicile
Pa
Voting Board Members
9
Independent Board Members
9
Employees
9
Volunteers
0

Preparer

Firm
Marcum Llp
Address
1601 MARKET STREET 4TH FLOOR, PHILADELPHIA, PA 19103
Preparer
Thomas Mcglone
Phone
2152972100
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4A

Independence public media of philadelphia, inc. D/b/a mind: media independence ("mind tv or "the organization") is currently transitioning from a public broadcaster to a foundation (independence public media foundation). The organization grew out of independence public media of philadelphia, inc., that operated wybe channel 35 in the philadelphia market. On march 29, 2016, the federal communications commission ("fcc") commenced the first-ever incentive auction designed to repurpose the spectrum for new uses. The organization voluntarily participated in the auction. Bidding for the auction began in january 2017 and was closed on march 30, 2017. The auction yielded $19.8 billion in revenue, including $10.05 billion for winning broadcast bidders and more than $7 billion to be deposited to the u.s. Treasury for deficit reduction. On april 13, 2017 the commission released a public notice formally closing the auction and beginning the 39-month period during which time some tv stations will need to transition to new channel assignments. On april 13, 2017, the organization was advised of the $131,578,104 sales proceeds it would receive and the need to transition its broadcast spectrum and relinquish its broadcast license. On july 21, 2017, the organization received its sales proceeds from the fcc. The proceeds received from the auction will be used for charitable purposes.

Financial Statement Notes

PART X, LINE 2:

The corporation is a nonprofit organization which is exempt from income taxes under section 501(c)(3) of the internal revenue code. Income unrelated to the organization's exempt purpose would be subject to federal and state income taxes. Accounting principles generally accepted in the united states of america ("u.s. Gaap") require management to evaluate tax positions taken and recognize a tax liability (or assets) if the corporation has taken an uncertain position that more likely than not would not be sustained upon examination by taxing authorities. Management has analyzed the tax positions taken and concluded that as of june 30, 2018, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. Independence public media is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. Management does not believe there is any unrelated business income.

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IRS990/MissionDesc0INDEPENDENCE MEDIA ENRICHES LIVES THROUGH PROGRAMS AND SERVICES THAT ENTERTAIN, EDUCATE, AND INSPIRE. WE BELIEVE IN THE POWER OF TELEVISION AND NEW TECHNOLOGIES TO CONNECT COMMUNITIES, PROMOTE DIVERSITY, AND ENCOURAGE UNDERSTANDING.
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IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/FundraisingAmt03132
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt06699
IRS990/OfficeExpensesGrp/ProgramServicesAmt013397
IRS990/OfficeExpensesGrp/TotalAmt023228
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IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt08448
IRS990/OtherAssetsTotalGrp/EOYAmt08448
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt011986
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt011988
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt035964
IRS990/OtherEmployeeBenefitsGrp/TotalAmt059938
IRS990/OtherExpensesGrp/Desc0RENT
IRS990/OtherExpensesGrp/Desc1DONATION OF EQUIPMENT
IRS990/OtherExpensesGrp/Desc2UTILITIES
IRS990/OtherExpensesGrp/Desc3REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/FundraisingAmt017814
IRS990/OtherExpensesGrp/FundraisingAmt11827
IRS990/OtherExpensesGrp/FundraisingAmt2157
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt017814
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11828
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2187
IRS990/OtherExpensesGrp/ProgramServicesAmt0231008
IRS990/OtherExpensesGrp/ProgramServicesAmt1146171
IRS990/OtherExpensesGrp/ProgramServicesAmt214556
IRS990/OtherExpensesGrp/ProgramServicesAmt313245
IRS990/OtherExpensesGrp/TotalAmt0266636
IRS990/OtherExpensesGrp/TotalAmt1146171
IRS990/OtherExpensesGrp/TotalAmt218211
IRS990/OtherExpensesGrp/TotalAmt313589
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0114136
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0110634
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0219262
IRS990/OtherSalariesAndWagesGrp/TotalAmt0444032
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt09469
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02939
IRS990/PayrollTaxesGrp/ProgramServicesAmt014351
IRS990/PayrollTaxesGrp/TotalAmt026759
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt014000
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt07515
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03718
IRS990/PrincipalOfficerNm0RENE SMITH
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0515100
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM UNDERWRITING FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0168710
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0168710
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0587303
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt05
IRS990/PYOtherExpensesAmt01700185
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0132146982
IRS990/PYRevenuesLessExpensesAmt0129976137
IRS990/PYSalariesCompEmpBnftPaidAmt01057968
IRS990/PYTotalExpensesAmt02758153
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0132734290
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-179707
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0168710
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01637878
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01662382
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt06584615
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt01281046
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt05123
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt08315
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt08971
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt012511
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01315966
IRS990ScheduleA/PublicOrganization170Ind0X
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IRS990ScheduleA/PublicSupportPY170Pct00.05250
IRS990ScheduleA/PublicSupportTotal170Amt06584615
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0168789
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01151063
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01964503
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01637878
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01662382
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt06584615
IRS990ScheduleA/TotalSupportAmt07900581
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt0135248
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0875653
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt01010901
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01629542
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt02
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt025800
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt025802
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01449835
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION IS A NONPROFIT ORGANIZATION WHICH IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. INCOME UNRELATED TO THE ORGANIZATION'S EXEMPT PURPOSE WOULD BE SUBJECT TO FEDERAL AND STATE INCOME TAXES. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA ("U.S. GAAP") REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN AND RECOGNIZE A TAX LIABILITY (OR ASSETS) IF THE CORPORATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN AND CONCLUDED THAT AS OF JUNE 30, 2018, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. INDEPENDENCE PUBLIC MEDIA IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. MANAGEMENT DOES NOT BELIEVE THERE IS ANY UNRELATED BUSINESS INCOME.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0135250
IRS990ScheduleD/TotalExpensesPerForm990Amt01629542
IRS990ScheduleD/TotalRevenuePerForm990Amt01449835
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01449835
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01629542
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0300130
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0HOWARD BLUMENTHAL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0300130
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd01
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0INDEPENDENCE PUBLIC MEDIA OF PHILADELPHIA, INC. D/B/A MIND: MEDIA INDEPENDENCE ("MIND TV OR "THE ORGANIZATION") IS CURRENTLY TRANSITIONING FROM A PUBLIC BROADCASTER TO A FOUNDATION (INDEPENDENCE PUBLIC MEDIA FOUNDATION). THE ORGANIZATION GREW OUT OF INDEPENDENCE PUBLIC MEDIA OF PHILADELPHIA, INC., THAT OPERATED WYBE CHANNEL 35 IN THE PHILADELPHIA MARKET. ON MARCH 29, 2016, THE FEDERAL COMMUNICATIONS COMMISSION ("FCC") COMMENCED THE FIRST-EVER INCENTIVE AUCTION DESIGNED TO REPURPOSE THE SPECTRUM FOR NEW USES. THE ORGANIZATION VOLUNTARILY PARTICIPATED IN THE AUCTION. BIDDING FOR THE AUCTION BEGAN IN JANUARY 2017 AND WAS CLOSED ON MARCH 30, 2017. THE AUCTION YIELDED $19.8 BILLION IN REVENUE, INCLUDING $10.05 BILLION FOR WINNING BROADCAST BIDDERS AND MORE THAN $7 BILLION TO BE DEPOSITED TO THE U.S. TREASURY FOR DEFICIT REDUCTION. ON APRIL 13, 2017 THE COMMISSION RELEASED A PUBLIC NOTICE FORMALLY CLOSING THE AUCTION AND BEGINNING THE 39-MONTH PERIOD DURING WHICH TIME SOME TV STATIONS WILL NEED TO TRANSITION TO NEW CHANNEL ASSIGNMENTS. ON APRIL 13, 2017, THE ORGANIZATION WAS ADVISED OF THE $131,578,104 SALES PROCEEDS IT WOULD RECEIVE AND THE NEED TO TRANSITION ITS BROADCAST SPECTRUM AND RELINQUISH ITS BROADCAST LICENSE. ON JULY 21, 2017, THE ORGANIZATION RECEIVED ITS SALES PROCEEDS FROM THE FCC. THE PROCEEDS RECEIVED FROM THE AUCTION WILL BE USED FOR CHARITABLE PURPOSES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAS ONLY ONE COMMITTEE WHICH IS ITS BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S OUTSIDE ACCOUNTANTS PREPARE THE FINANCIAL STATEMENTS. THE 990 IS PREPARED BASED ON THE BOARD APPROVED FINANCIAL STATEMENTS WHICH IS THEN SENT TO THE ORGANIZATION FOR REVIEW AND SIGNATURE BY AN OFFICER OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS THE CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S EXECUTIVE DIRECTOR'S SALARY IS DETERMINED AND APPROVED AT THE BOARD OF DIRECTORS MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION MAKES ITS 990 AVAILABLE FOR INSPECTION BASED UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS CAN BE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0PA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt036250
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt05000
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0132106133
IRS990/TotalAssetsEOYAmt0130621138
IRS990/TotalAssetsGrp/BOYAmt0132106133
IRS990/TotalAssetsGrp/EOYAmt0130621138
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt0100
IRS990/TotalEmployeeCnt09
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0188202
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0468401
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0972939
IRS990/TotalFunctionalExpensesGrp/TotalAmt01629542
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01397957
IRS990/TotalLiabilitiesEOYAmt092669
IRS990/TotalLiabilitiesGrp/BOYAmt01397957
IRS990/TotalLiabilitiesGrp/EOYAmt092669

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$121$0.04$121$10.9$8.27$2.63
2023Detailed filing. Detailed filing data is available for this year.$117$1.01$116$2.10$11.9$9.84
2022Detailed filing. Detailed filing data is available for this year.$115$2.33$112$6.90$12.0$5.13
2021Detailed filing. Detailed filing data is available for this year.$147$2.04$145$21.9$12.9$9.03
2020Detailed filing. Detailed filing data is available for this year.$144$1.95$142$5.62$6.95$1.33
2019Detailed filing. Detailed filing data is available for this year.$132$1.22$130$3.64$7.23$3.59
2018Detailed filing. Detailed filing data is available for this year.$131$0.09$131$1.45$1.63$0.18
2017Detailed filing. Detailed filing data is available for this year.$132$1.40$131$133$2.76$130
2016Detailed filing. Detailed filing data is available for this year.$0.99$0.26$0.73$1.97$2.24$0.26
2015Detailed filing. Detailed filing data is available for this year.$1.20$0.21$0.99$1.65$1.64$0.01
2014Detailed filing. Detailed filing data is available for this year.$1.30$0.32$0.98$1.67$1.65$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.33$0.37$0.96$1.66
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.55$0.50$1.05$1.78
2011Summary only. Only limited summary data is available for this year.$1.79$0.38$1.41$1.34$1.82$0.48
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