Civic Intelligence

Itasca Community Television Inc.

990 • Fiscal year 2018 • EIN 36-4209055

Jan 01, 2018 to Dec 31, 2018 • Filed on Apr 25, 2019

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

77th percentile

0.28x

Higher debt load relative to assets than 77% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

84th percentile

0.44x

Higher debt load relative to revenue than 84% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

56th percentile

5.6%

Higher net margin than 56% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

76th percentile

$69,822

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 19.3% of source-year revenue.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Asset Growth

50th percentile

1.6%

Faster asset growth than 50% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

27th percentile

-7.1%

Faster revenue growth than 27% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Assets

Up

$562,748

Up $8,745 (+1.6%) from 2017

Net Assets

Up

$404,539

Up $20,291 (+5.3%) from 2017

Liabilities

Down

$158,209

Down $11,546 (-6.8%) from 2017

Revenue

Down

$361,916

Down $27,774 (-7.1%) from 2017

Expenses

Down

$341,561

Down $613 (-0.2%) from 2017

Net Income

Down

$20,355

Down $27,161 (-57%) from 2017

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

2018

Assets$562,748
Liabilities$158,209
Net Assets$404,539

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

2018

Revenue$361,916
Expenses$341,561
Net Income$20,355
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Apr 25, 2019
Return Version
2018v3.1
Gross Receipts
$361,916
Mission and Program Overview

Mission

Strengthening itasca area communities through public access media.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$422,750$405,250▼ $17,500
Savings and Temporary Cash Investments$130,932$157,309▲ $26,377
Accounts Receivable$321$189▼ $132
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$554,003$562,748▲ $8,745
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$163,053$157,942▼ $5,111
Accounts Payable and Accrued Expenses$6,702$267▼ $6,435
Total Liabilities$169,755$158,209▼ $11,546
Net Assets / Fund Balance
Unrestricted Net Assets$384,248$404,539▲ $20,291
Total Net Assets Fund Balance$384,248$404,539▲ $20,291
Total Liabilities and Net Assets / Fund Balance$554,003$562,748▲ $8,745

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$51,924$156,615$208,539
Buildings$153,888$28,672$182,560
Leasehold Improvements$140,148$8,426$148,574
Land$63,000-$63,000
Other Land Buildings$-3,710$-57,739$-61,449
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Beth GeorgeExecutive DirectorFT$69,822$69,822

Board Members and Trustees

NameTitle
Myrna PetersonChairman
Mark ZimmermanVice Chair
Lyle EidelbesDirector
Michelle SmithDirector
Allison LagergrenStudent Director
Rachel Shiller-hartwellStudent Director
Eileen GroslandSecretary
Lisa WalshTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$171,238
Program Service Revenue
$190,174
Investment Income
$504
Other Revenue
$0
All Other Contributions
$98,061
Change in Net Assets
$20,355
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$262,414
Other Expenses$79,147
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$157,503$12,534-$170,037
Current Officers, Directors, Trustees, and Key Employees$59,349$10,473-$69,822
Depreciation Depletion$28,235$576-$28,811
Payroll Taxes$16,921$1,786-$18,707
All Other Expenses$8,839$1,318-$10,157
Insurance$7,834$1,145-$8,979
Interest-$7,712-$7,712
Other Expenses$4,345$2,619-$4,345
Pension Plan Contributions$3,167$681-$3,848
Office Expenses$1,556$1,557-$3,113
Fees for Services Accounting-$925-$925
Advertising$906--$906
Total Functional Expenses$300,235$41,326$0$341,561
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
Yes
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
2019-04-25
Discuss with paid preparer
Yes

Organization Details

Legal Domicile
Mn
Voting Board Members
9
Independent Board Members
8
Employees
7
Volunteers
56

Preparer

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

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Decreases

Prior period adjustment = -$64

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IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0157503
IRS990/OtherSalariesAndWagesGrp/TotalAmt0170037
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01786
IRS990/PayrollTaxesGrp/ProgramServicesAmt016921
IRS990/PayrollTaxesGrp/TotalAmt018707
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0681
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt03167
IRS990/PensionPlanContributionsGrp/TotalAmt03848
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/RelatedOrExemptFuncIncomeAmt0159476
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt111206
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt219492
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0159476
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt111206
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt219492
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0203804
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0-2193
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt079394
IRS990/PYProgramServiceRevenueAmt0188079
IRS990/PYRevenuesLessExpensesAmt047516
IRS990/PYSalariesCompEmpBnftPaidAmt0262780
IRS990/PYTotalExpensesAmt0342174
IRS990/PYTotalRevenueAmt0389690
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt020355
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0130932
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0157309
IRS990ScheduleA/CommunityTrustInd0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0171238
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0203804
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0155660
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0167293
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0165508
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0863503
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0504
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0-2193
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0919
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0-2733
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt03104
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0-399
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicSupportCY170Pct00.55120
IRS990ScheduleA/PublicSupportPY170Pct00.54850
IRS990ScheduleA/PublicSupportTotal170Amt0475765
IRS990ScheduleA/SubstantialContributorsTotAmt0387738
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0171238
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0203804
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0155660
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0167293
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0165508
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0863503
IRS990ScheduleA/TotalSupportAmt0863104
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt0153888
IRS990ScheduleD/BuildingsGrp/DepreciationAmt028672
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0182560
IRS990ScheduleD/EquipmentGrp/BookValueAmt051924
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0156615
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0208539
IRS990ScheduleD/LandGrp/BookValueAmt063000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt063000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0140148
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt08426
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0148574
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0-3710
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0-57739
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0-61449
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0405250
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 REVIEWED AND APPROVED AT MONTHLY MEETING OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1OFFICERS, DIRECTORS AND EMPLOYEES ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST DISCLOSURE STATEMENT EACH YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS ANNUALLY REVIEWS THE EXECUTIVE DIRECTOR'S PERFORMANCE AND COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ICTV'S GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PRIOR PERIOD ADJUSTMENT = -$64
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other Changes In Net Assets Or Fund Balances - Other Decreases
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0554003
IRS990/TotalAssetsEOYAmt0562748
IRS990/TotalAssetsGrp/BOYAmt0554003
IRS990/TotalAssetsGrp/EOYAmt0562748
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0171238
IRS990/TotalEmployeeCnt07
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt041326
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0300235
IRS990/TotalFunctionalExpensesGrp/TotalAmt0341561
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0169755

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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