Civic Intelligence

Itasca Community Television Inc.

990 • Fiscal year 2014 • EIN 36-4209055

Jan 01, 2014 to Dec 31, 2014 • Filed on May 01, 2015

819 NE 4th StreetGrand Rapids, MN 55744

(218) 999-0088

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.25x

Higher debt load relative to assets than 83% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

89th percentile

0.32x

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

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

50th percentile

3.3%

Higher net margin than 50% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

94th percentile

$55,025

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 15.5% of source-year revenue.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

48th percentile

1.0%

Faster asset growth than 48% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

56th percentile

5.2%

Faster revenue growth than 56% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Assets

Up

$452,408

Up $4,552 (+1.0%) from 2013

Net Assets

Up

$340,056

Up $11,645 (+3.5%) from 2013

Liabilities

Down

$112,352

Down $7,093 (-5.9%) from 2013

Revenue

Up

$355,930

Up $17,680 (+5.2%) from 2013

Expenses

Up

$344,270

Up $11,201 (+3.4%) from 2013

Net Income

Up

$11,660

Up $6,479 (+125%) from 2013

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2011: $284,931Liabilities 2011: $9,980Net Assets 2011: $274,9512011Assets 2012: $453,103Liabilities 2012: $129,873Net Assets 2012: $323,2302012Assets 2013: $447,856Liabilities 2013: $119,445Net Assets 2013: $328,4112013Assets 2014: $452,408Liabilities 2014: $112,352Net Assets 2014: $340,0562014Assets 2015: $443,337Liabilities 2015: $105,423Net Assets 2015: $337,9142015Assets 2016: $434,239Liabilities 2016: $97,908Net Assets 2016: $336,3312016Assets 2017: $554,003Liabilities 2017: $169,755Net Assets 2017: $384,2482017Assets 2018: $562,748Liabilities 2018: $158,209Net Assets 2018: $404,5392018Assets 2019: $560,885Liabilities 2019: $145,722Net Assets 2019: $415,1632019Assets 2020: $587,999Liabilities 2020: $157,372Net Assets 2020: $430,6272020Assets 2021: $631,843Liabilities 2021: $151,896Net Assets 2021: $479,9472021Assets 2022: $797,292Liabilities 2022: $140,059Net Assets 2022: $657,2332022Assets 2023: $872,692Liabilities 2023: $126,406Net Assets 2023: $746,2862023Assets 2024: $935,372Liabilities 2024: $117,926Net Assets 2024: $817,4462024

Highlighted filing

2014

Assets$452,408
Liabilities$112,352
Net Assets$340,056

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2011: $385,8262011Expenses 2012: $321,2012012Revenue 2013: $338,250Expenses 2013: $333,069Net Income 2013: $5,1812013Revenue 2014: $355,930Expenses 2014: $344,270Net Income 2014: $11,6602014Revenue 2015: $351,389Expenses 2015: $353,531Net Income 2015: -$2,1422015Revenue 2016: $353,291Expenses 2016: $354,728Net Income 2016: -$1,4372016Revenue 2017: $389,690Expenses 2017: $342,174Net Income 2017: $47,5162017Revenue 2018: $361,916Expenses 2018: $341,561Net Income 2018: $20,3552018Revenue 2019: $358,603Expenses 2019: $347,979Net Income 2019: $10,6242019Revenue 2020: $365,877Expenses 2020: $349,913Net Income 2020: $15,9642020Revenue 2021: $373,399Expenses 2021: $325,312Net Income 2021: $48,0872021Revenue 2022: $552,399Expenses 2022: $375,113Net Income 2022: $177,2862022Revenue 2023: $490,355Expenses 2023: $401,313Net Income 2023: $89,0422023Revenue 2024: $549,663Expenses 2024: $478,649Net Income 2024: $71,0142024

Highlighted filing

2014

Revenue$355,930
Expenses$344,270
Net Income$11,660
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
May 1, 2015
Return Version
2014v5.0
Gross Receipts
$355,930
Mission and Program Overview

Mission

Strengthening itasca area communities through public access media.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$306,677$308,709▲ $2,032
Savings and Temporary Cash Investments$140,073$142,379▲ $2,306
Accounts Receivable$1,106$1,320▲ $214
Cash and Non-Interest-Bearing Accounts-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$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$447,856$452,408▲ $4,552
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$117,701$111,465▼ $6,236
Accounts Payable and Accrued Expenses$1,744$887▼ $857
Total Liabilities$119,445$112,352▼ $7,093
Net Assets / Fund Balance
Unrestricted Net Assets$328,411$340,056▲ $11,645
Total Net Assets Fund Balance$328,411$340,056▲ $11,645
Total Liabilities and Net Assets / Fund Balance$447,856$452,408▲ $4,552

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$172,612$9,948$182,560
Equipment$61,116$90,430$151,546
Land$63,000-$63,000
Other Land Buildings$4,411$5,451$9,862
Leasehold Improvements$7,570$384$7,954
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Beth GeorgeExecutive DirectorFT$55,025$55,025

Board Members and Trustees

NameTitle
Ed SchmidtChairman
Julie Fedje-johnstonVice Chair
Betsy McbrideDirector
Brad NelsonDirector
Lyle EidelbesDirector
Melanie BrittenDirector
Ross LarsonDirector
Sam MullerDirector
Sandy LaymanDirector
Sean MartinsonSecretary
Ken OlsonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$165,509
Program Service Revenue
$187,317
Investment Income
$3,104
Other Revenue
$0
All Other Contributions
$97,120
Change in Net Assets
$11,660
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$257,747
Other Expenses$86,523
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$135,571$23,231-$158,802
Current Officers, Directors, Trustees, and Key Employees-$55,025-$55,025
Depreciation Depletion$25,890$528-$26,418
Other Employee Benefits$17,691$5,777-$23,468
Payroll Taxes$10,736$6,074-$16,810
All Other Expenses$11,783$807-$12,590
Insurance$7,984$1,145-$9,129
Other Expenses$5,645$3,561-$5,645
Interest-$5,264-$5,264
Pension Plan Contributions$1,355$2,287-$3,642
Office Expenses$1,234$1,234-$2,468
Fees for Services Other$2,000--$2,000
Advertising$1,267--$1,267
Fees for Services Accounting-$800-$800
Total Functional Expenses$238,537$105,733$0$344,270
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
Backup withholding compliance
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
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

Form 990 reviewed and approved at monthly meeting of the board of directors.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Officers, directors and employees are required to complete a conflict of interest disclosure statement each year.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The board of directors annually reviews the executive director's performance and compensation.

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

Ictv's governing documents, policies, and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Itasca Community Television Inc
EIN
36-4209055
Phone
2189990088
Address
819 NE 4TH STREET, GRAND RAPIDS, MN 55744

Signing Officer

Name
Beth George
Title
Executive Director
Signed
2015-05-01
Discuss with paid preparer
Yes

Organization Details

Legal Domicile
Mn
Voting Board Members
12
Independent Board Members
11
Employees
7
Volunteers
53

Preparer

Firm
Glorvigen Theis Lind & Company Pllp
Address
200 NE 1ST AVE, GRAND RAPIDS, MN 55744-2729
Preparer
Amanda Dick CPA
Phone
2183266641
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Decreases

Prior period adjustment = -$15

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IRS990/NetAssetsOrFundBalancesBOYAmt0328411
IRS990/NetAssetsOrFundBalancesEOYAmt0340056
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt02550
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt02550
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoncashContributionsAmt05645
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01234
IRS990/OfficeExpensesGrp/ProgramServicesAmt01234
IRS990/OfficeExpensesGrp/TotalAmt02468
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt0-15
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt05777
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt017691
IRS990/OtherEmployeeBenefitsGrp/TotalAmt023468
IRS990/OtherExpensesGrp/Desc0SUPPLIES
IRS990/OtherExpensesGrp/Desc1REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc2UTILITIES
IRS990/OtherExpensesGrp/Desc3NON CASH ADVERTISING
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt03561
IRS990/OtherExpensesGrp/ProgramServicesAmt07767
IRS990/OtherExpensesGrp/ProgramServicesAmt17240
IRS990/OtherExpensesGrp/ProgramServicesAmt22374
IRS990/OtherExpensesGrp/ProgramServicesAmt35645
IRS990/OtherExpensesGrp/TotalAmt07767
IRS990/OtherExpensesGrp/TotalAmt17240
IRS990/OtherExpensesGrp/TotalAmt25935
IRS990/OtherExpensesGrp/TotalAmt35645
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt023231
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0135571
IRS990/OtherSalariesAndWagesGrp/TotalAmt0158802
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt06074
IRS990/PayrollTaxesGrp/ProgramServicesAmt010736
IRS990/PayrollTaxesGrp/TotalAmt016810
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt02287
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt01355
IRS990/PensionPlanContributionsGrp/TotalAmt03642
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0515100
IRS990/ProgramServiceRevenueGrp/BusinessCd1515100
IRS990/ProgramServiceRevenueGrp/BusinessCd2515100
IRS990/ProgramServiceRevenueGrp/Desc0FEES & CONTRACTS GOV AGEN
IRS990/ProgramServiceRevenueGrp/Desc1MEMBERSHIP DUES & ASSESSM
IRS990/ProgramServiceRevenueGrp/Desc2PRODUCTION & DUBBING
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0150534
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt111928
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt224855
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0150534
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt111928
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt224855
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0166290
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0-8927
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt086072
IRS990/PYProgramServiceRevenueAmt0180887
IRS990/PYRevenuesLessExpensesAmt05181
IRS990/PYSalariesCompEmpBnftPaidAmt0246997
IRS990/PYTotalExpensesAmt0333069
IRS990/PYTotalRevenueAmt0338250
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt011660
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0140073
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0142379
IRS990ScheduleA/CommunityTrustInd0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0165508
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0166290
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0202539
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0164695
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0160982
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0860014
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt03104
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0-8927
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt03110
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt03528
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt05585
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt06400
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt0-2594
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0-2594
IRS990ScheduleA/PublicSupportCY170Pct00.55830
IRS990ScheduleA/PublicSupportPY170Pct00.56670
IRS990ScheduleA/PublicSupportTotal170Amt0482290
IRS990ScheduleA/SubstantialContributorsTotAmt0377724
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0165508
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0166290
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0202539
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0164695
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0160982
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0860014
IRS990ScheduleA/TotalSupportAmt0863820
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt0172612
IRS990ScheduleD/BuildingsGrp/DepreciationAmt09948
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0182560
IRS990ScheduleD/EquipmentGrp/BookValueAmt061116
IRS990ScheduleD/EquipmentGrp/DepreciationAmt090430
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0151546
IRS990ScheduleD/LandGrp/BookValueAmt063000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt063000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt07570
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0384
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt07954
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt04411
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt05451
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt09862

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.35$1.18$8.17$5.50$4.79$0.71
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.73$1.26$7.46$4.90$4.01$0.89
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.97$1.40$6.57$5.52$3.75$1.77
2021Detailed filing. Detailed filing data is available for this year.$6.32$1.52$4.80$3.73$3.25$0.48
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.88$1.57$4.31$3.66$3.50$0.16
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.61$1.46$4.15$3.59$3.48$0.11
2018Detailed filing. Detailed filing data is available for this year.$5.63$1.58$4.05$3.62$3.42$0.20
2017Detailed filing. Detailed filing data is available for this year.$5.54$1.70$3.84$3.90$3.42$0.48
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.34$0.98$3.36$3.53$3.55$0.01
2015Detailed filing. Detailed filing data is available for this year.$4.43$1.05$3.38$3.51$3.54$0.02
2014Detailed filing. Detailed filing data is available for this year.$4.52$1.12$3.40$3.56$3.44$0.12
2013Detailed filing. Detailed filing data is available for this year.$4.48$1.19$3.28$3.38$3.33$0.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.53$1.30$3.23$3.21
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.85$0.10$2.75$3.86