Civic Intelligence

Community Television Network Inc

990 • Fiscal year 2020 • EIN 36-3100475

Oct 01, 2019 to Sep 30, 2020 • Filed on Jul 10, 2021

2418 W BloomingdaleChicago, IL 60647

(773) 278-8500

Siviq Scores

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

Liabilities / Assets

87th percentile

0.46x

Higher debt load relative to assets than 87% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

89th percentile

0.40x

Higher debt load relative to revenue than 89% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

73rd percentile

24%

Higher net margin than 73% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

90th percentile

$41,687

Higher top officer pay than 90% of similar nonprofits.

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

64th percentile

17%

Faster asset growth than 64% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

82nd percentile

28%

Faster revenue growth than 82% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Up

$297,580

Up $42,743 (+17%) from 2019

Net Assets

Up

$160,321

Up $80,825 (+102%) from 2019

Liabilities

Down

$137,259

Down $38,082 (-22%) from 2019

Revenue

Up

$342,438

Up $74,739 (+28%) from 2019

Expenses

Down

$261,613

Down $37,335 (-12%) from 2019

Net Income

Up

$80,825

Up $112,074 (+359%) from 2019

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2017: $265,588Liabilities 2017: $145,761Net Assets 2017: $119,8272017Assets 2018: $289,244Liabilities 2018: $175,580Net Assets 2018: $113,6642018Assets 2019: $254,837Liabilities 2019: $175,341Net Assets 2019: $79,4962019Assets 2020: $297,580Liabilities 2020: $137,259Net Assets 2020: $160,3212020Assets 2021: $286,337Liabilities 2021: $115,389Net Assets 2021: $170,9482021Assets 2022: $277,138Liabilities 2022: $123,703Net Assets 2022: $153,4352022Assets 2023: $252,568Liabilities 2023: $102,569Net Assets 2023: $149,9992023Assets 2024: $173,049Liabilities 2024: $90,937Net Assets 2024: $82,1122024Assets 2025: $175,918Liabilities 2025: $83,606Net Assets 2025: $92,3122025

Highlighted filing

2020

Assets$297,580
Liabilities$137,259
Net Assets$160,321

Operations Trend

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

$400K$200K$0-$200KRevenue 2017: $238,488Expenses 2017: $264,073Net Income 2017: -$25,5852017Revenue 2018: $345,817Expenses 2018: $351,980Net Income 2018: -$6,1632018Revenue 2019: $267,699Expenses 2019: $298,948Net Income 2019: -$31,2492019Revenue 2020: $342,438Expenses 2020: $261,613Net Income 2020: $80,8252020Revenue 2021: $285,623Expenses 2021: $274,996Net Income 2021: $10,6272021Revenue 2022: $320,443Expenses 2022: $337,956Net Income 2022: -$17,5132022Revenue 2023: $264,212Expenses 2023: $267,648Net Income 2023: -$3,4362023Revenue 2024: $237,584Expenses 2024: $305,471Net Income 2024: -$67,8872024Revenue 2025: $203,876Expenses 2025: $193,676Net Income 2025: $10,2002025

Highlighted filing

2020

Revenue$342,438
Expenses$261,613
Net Income$80,825
Jump To
Filing Snapshot
Filing Period
Oct 1, 2019 to Sep 30, 2020
Signed
Jul 10, 2021
Return Version
2019v5.0
Gross Receipts
$342,438
Mission and Program Overview

Mission

The production of community television programming for use in inner city neighborhoods, training and education of neighborhood residents in skills of community tv.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$99,248$160,390▲ $61,142
Land, Buildings, and Equipment, Net$135,464$129,448▼ $6,016
Accounts Receivable$735$5,742▲ $5,007
Pledges and Grants Receivable$19,390$2,000▼ $17,390
Cash and Non-Interest-Bearing Accounts-$0-
Other Notes and Loans Receivable, Net-$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-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$254,837$297,580▲ $42,743
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$96,594$91,166▼ $5,428
Escrow Account Liability$77,275$44,967▼ $32,308
Accounts Payable and Accrued Expenses$1,472$1,126▼ $346
Total Liabilities$175,341$137,259▼ $38,082
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$48,606$85,655▲ $37,049
Net Assets With Donor Restrictions$30,890$74,666▲ $43,776
Total Net Assets Fund Balance$79,496$160,321▲ $80,825
Total Liabilities and Net Assets / Fund Balance$254,837$297,580▲ $42,743

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$11,002$241,870$252,872
Buildings$117,696$99,599$217,295
Leasehold Improvements$750$11,710$12,460
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Denise ZaccardiExecutive DirectorFT$41,687$41,687

Board Members and Trustees

NameTitle
Imani DavisPresident
Amadi Jordan-WalkerDirector
Jeryl LevinDirector
Megan OConnorDirector
Scott HollanderDirector
Jed GreenwaldSecretary
Nate HartmannTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$279,471
Program Service Revenue
$58,504
Investment Income
$25
Other Revenue
$4,438
All Other Contributions
$193,692
Change in Net Assets
$80,825

Audited Revenue Reconciliation

Revenue per Audited Statements
$342,438
Total Revenue per Audited Statements
$342,438
Total Revenue per Form 990
$342,438
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$179,884
Other Expenses$81,729
Total Fundraising Expense$18,195
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$98,959$12,370$12,371$123,700
Current Officers, Directors, Trustees, and Key Employees$33,350$4,169$4,168$41,687
Fees for Services Other$15,529$3,400-$18,929
Payroll Taxes$10,670$1,334$1,334$13,338
Depreciation Depletion$11,258$1,251-$12,509
Occupancy$8,207$912-$9,119
Office Expenses$2,980$2,574-$5,554
Interest$4,762$529-$5,291
Insurance$3,492$388-$3,880
Other Expenses$1,925$206$206$1,925
Other Employee Benefits$927$116$116$1,159
All Other Expenses$241$27-$268
Travel$33--$33
Total Functional Expenses$216,142$27,276$18,195$261,613

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$261,613
Total Expenses per Audited Statements$261,613
Total Expenses per Form 990$261,613
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
No
Annual disclosure for covered persons
Yes
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
No
Other officer compensation reviewed
No
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, Line 11B: Form 990 Review Process

The form is provided to management for review prior to filing.

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

The organization makes certain of its documents, policies and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Community Television Network Inc
EIN
36-3100475
Phone
7732788500
Address
2418 W BLOOMINGDALE, CHICAGO, IL 60647

Signing Officer

Name
Denise Zaccardi
Title
Executive Director
Signed
2021-07-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Denise Zaccardi
Formed
1974
Legal Domicile
Il
Voting Board Members
7
Independent Board Members
7
Employees
25
Volunteers
7

Preparer

Firm
Il Nfp Audit and Tax Llp
Address
564 W RANDOLPH STREET SUITE 200, CHICAGO, IL 60661
Preparer
Alfredo Rodriguez CPA
Phone
3129985500
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

Fin 48 - the organization is exempt from federal and state income taxes under section 501 (c) (3) of the internal revenue code, therefore, the financial statements do not include a provision for income taxes. The organization reviews income tax positions taken or expected to be taken in income tax returns to determine if there are any income tax uncertainties. This includes positions that the entity is exempt from income taxes or not subject to income taxes on unrelated business income. The organization recognizes tax benefits from uncertain tax positions only if it is more likely than not that the tax position will be sustained on examination by taking authorities, based on the technical merits of the positions. The organization files information returns as a tax-exempt organization. Should that status be challenged in the future, all years since inception could be subject to review by the irs.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FIN 48 - THE ORGANIZATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501 (C) (3) OF THE INTERNAL REVENUE CODE, THEREFORE, THE FINANCIAL STATEMENTS DO NOT INCLUDE A PROVISION FOR INCOME TAXES. THE ORGANIZATION REVIEWS INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN INCOME TAX RETURNS TO DETERMINE IF THERE ARE ANY INCOME TAX UNCERTAINTIES. THIS INCLUDES POSITIONS THAT THE ENTITY IS EXEMPT FROM INCOME TAXES OR NOT SUBJECT TO INCOME TAXES ON UNRELATED BUSINESS INCOME. THE ORGANIZATION RECOGNIZES TAX BENEFITS FROM UNCERTAIN TAX POSITIONS ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAKING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITIONS. THE ORGANIZATION FILES INFORMATION RETURNS AS A TAX-EXEMPT ORGANIZATION. SHOULD THAT STATUS BE CHALLENGED IN THE FUTURE, ALL YEARS SINCE INCEPTION COULD BE SUBJECT TO REVIEW BY THE IRS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
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IRS990ScheduleD/TotalExpensesPerForm990Amt0261613
IRS990ScheduleD/TotalRevenuePerForm990Amt0342438
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM IS PROVIDED TO MANAGEMENT FOR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION MAKES CERTAIN OF ITS DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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