Civic Intelligence

Channel 17 Inc.

990 • Fiscal year 2021 • EIN 46-1261155

Jan 01, 2021 to Dec 31, 2021 • Filed on Mar 24, 2022

9 Oakley DriveHammond, LA 70401

(985) 320-6602

Siviq Scores

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

Liabilities / Assets

27th percentile

0.01x

Higher debt load relative to assets than 27% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

33rd percentile

0.03x

Higher debt load relative to revenue than 33% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

70th percentile

26%

Higher net margin than 70% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

46th percentile

7.4%

Faster asset growth than 46% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

28th percentile

-2.6%

Faster revenue growth than 28% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$1,125,176

Up $77,838 (+7.4%) from 2020

Net Assets

Up

$1,117,816

Up $75,108 (+7.2%) from 2020

Liabilities

Up

$7,360

Up $2,730 (+59%) from 2020

Revenue

Down

$288,189

Down $7,728 (-2.6%) from 2020

Expenses

Up

$213,082

Up $5,318 (+2.6%) from 2020

Net Income

Down

$75,107

Down $13,046 (-15%) from 2020

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KAssets 2012: $3,312Liabilities 2012: $24,462Net Assets 2012: -$21,1502012Assets 2013: $251,743Liabilities 2013: $165,439Net Assets 2013: $86,3042013Assets 2014: $375,701Liabilities 2014: $113,010Net Assets 2014: $262,6912014Assets 2015: $498,510Liabilities 2015: $43,689Net Assets 2015: $454,8212015Assets 2016: $563,035Liabilities 2016: $14,376Net Assets 2016: $548,6592016Assets 2017: $797,541Liabilities 2017: $22,531Net Assets 2017: $775,0102017Assets 2018: $922,405Liabilities 2018: $52,010Net Assets 2018: $870,3952018Assets 2019: $956,795Liabilities 2019: $2,240Net Assets 2019: $954,5552019Assets 2020: $1,047,338Liabilities 2020: $4,630Net Assets 2020: $1,042,7082020Assets 2021: $1,125,176Liabilities 2021: $7,360Net Assets 2021: $1,117,8162021Assets 2022: $1,175,100Liabilities 2022: $12,810Net Assets 2022: $1,162,2902022Assets 2023: $1,479,724Liabilities 2023: $138,540Net Assets 2023: $1,341,1842023Assets 2024: $1,738,853Liabilities 2024: $188,549Net Assets 2024: $1,550,3042024

Highlighted filing

2021

Assets$1,125,176
Liabilities$7,360
Net Assets$1,117,816

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2012: $0Expenses 2012: $21,150Net Income 2012: -$21,1502012Revenue 2013: $171,500Expenses 2013: $64,046Net Income 2013: $107,4542013Revenue 2014: $279,009Expenses 2014: $102,622Net Income 2014: $176,3872014Revenue 2015: $289,849Expenses 2015: $97,720Net Income 2015: $192,1292015Revenue 2016: $224,378Expenses 2016: $130,541Net Income 2016: $93,8372016Revenue 2017: $377,707Expenses 2017: $151,355Net Income 2017: $226,3522017Revenue 2018: $274,828Expenses 2018: $179,444Net Income 2018: $95,3842018Revenue 2019: $282,115Expenses 2019: $197,955Net Income 2019: $84,1602019Revenue 2020: $295,917Expenses 2020: $207,764Net Income 2020: $88,1532020Revenue 2021: $288,189Expenses 2021: $213,082Net Income 2021: $75,1072021Revenue 2022: $265,235Expenses 2022: $220,763Net Income 2022: $44,4722022Revenue 2023: $409,552Expenses 2023: $215,465Net Income 2023: $194,0872023Revenue 2024: $433,066Expenses 2024: $223,946Net Income 2024: $209,1202024

Highlighted filing

2021

Revenue$288,189
Expenses$213,082
Net Income$75,107
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Mar 24, 2022
Return Version
2021v4.1
Gross Receipts
$288,189
Mission and Program Overview

Mission

Operation of a public access television channel which primarily broadcasts governmental meetings and related news and interviews as a public, educational, and governmental

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$820,049$792,922▼ $27,127
Cash and Non-Interest-Bearing Accounts$227,289$332,254▲ $104,965
Loans From Officers Directors$2,680$5,410▲ $2,730
Total Assets$1,047,338$1,125,176▲ $77,838
Liabilities
Other Liabilities$1,950$1,950→ $0
Total Liabilities$4,630$7,360▲ $2,730
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,042,708$1,117,816▲ $75,108
Total Net Assets Fund Balance$1,042,708$1,117,816▲ $75,108
Total Liabilities and Net Assets / Fund Balance$1,047,338$1,125,176▲ $77,838

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$245,636--
Other Land Buildings$526,815--
Land$20,000--
Equipment$1,113,915--
Leasehold Improvements$29,316--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Andrew Glascock-
Andrew GlascockSec/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$267,189
Program Service Revenue
$21,000
Investment Income
$0
Other Revenue
$0
All Other Contributions
$267,189
Change in Net Assets
$75,107
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$213,082
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$198,577$0$0$198,577
All Other Expenses$10,081$0$0$10,081
Insurance$944$0$0$944
Total Functional Expenses$213,082$0$0$213,082
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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Andrew GlascockOfficerFees for ServiceNo$88,950

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$2,680$5,410▲ $2,730
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deposits$1,950
Due to Nortec$0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
Yes
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
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
Filing and Contact Details

Filer

Filer Name
Channel 17 Inc
EIN
46-1261155
Phone
9853206602
Address
9 OAKLEY DRIVE, HAMMOND, LA 70401

Signing Officer

Name
Andrew Glascock
Title
Secretary/treasurer
Phone
9853206602
Signed
2022-03-24

Organization Details

Principal Officer
Douglas Wayne Glascock
Formed
2012
Legal Domicile
La
Voting Board Members
1
Independent Board Members
1
Employees
0
Volunteers
0

Preparer

Firm
Edward M Burns CPA Pc
Address
102 N HOLLY ST, HAMMOND, LA 70401
Preparer
Edward M Burns CPA
Phone
9853452850
Supplemental Narrative

Additional Explanations

Pt VI, Line 2

Douglas wayne glascock, president is the father of andrew glascock, sec/treasurer

Pt VI, Line 15B

Compensation was reviewed and assessed based on similar positions in the industry

Pt VI, Line 11B

Form 990 was reviewed with officers and compared to trial balance

Pt VI, Line 12C

Officers reviewed transactions to prevent any person in authority from personally benefiting from his or her decisions.

Pt VI, Line 19

The organization provides access to its tax records and conflict of interest policy upon request

Raw XML Appendix356 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DOUGLAS WAYNE GLASCOCK, PRESIDENT IS THE FATHER OF ANDREW GLASCOCK, SEC/TREASURER
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1COMPENSATION WAS REVIEWED AND ASSESSED BASED ON SIMILAR POSITIONS IN THE INDUSTRY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 WAS REVIEWED WITH OFFICERS AND COMPARED TO TRIAL BALANCE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3OFFICERS REVIEWED TRANSACTIONS TO PREVENT ANY PERSON IN AUTHORITY FROM PERSONALLY BENEFITING FROM HIS OR HER DECISIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION PROVIDES ACCESS TO ITS TAX RECORDS AND CONFLICT OF INTEREST POLICY UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 19
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IRS990/TotalAssetsBOYAmt01047338
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IRS990/TotalFunctionalExpensesGrp/TotalAmt0213082
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesEOYAmt07360
IRS990/TotalLiabilitiesGrp/BOYAmt04630
IRS990/TotalLiabilitiesGrp/EOYAmt07360
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01042708
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01117816
IRS990/TotalOthProgramServiceRevGrp/ExclusionAmt00
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt021000
IRS990/TotalOthProgramServiceRevGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt0213082
IRS990/TotalProgramServiceRevenueAmt021000
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt021000
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0288189
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
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IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01047338
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01125176
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IRS990/USAddress/AddressLine1Txt09 OAKLEY DRIVE
IRS990/USAddress/CityNm0HAMMOND
IRS990/USAddress/StateAbbreviationCd0LA
IRS990/USAddress/ZIPCd070401
IRS990/VotingMembersGoverningBodyCnt01
IRS990/VotingMembersIndependentCnt01
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0ANDREW GLASCOCK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY/TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum09853206602
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-03-24
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CHANNEL 17 INC
ReturnHeader/Filer/BusinessNameControlTxt0CHAN
ReturnHeader/Filer/EIN0461261155
ReturnHeader/Filer/PhoneNum09853206602
ReturnHeader/Filer/USAddress/AddressLine1Txt09 OAKLEY DRIVE
ReturnHeader/Filer/USAddress/CityNm0HAMMOND
ReturnHeader/Filer/USAddress/StateAbbreviationCd0LA
ReturnHeader/Filer/USAddress/ZIPCd070401
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0200368777
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0EDWARD M BURNS CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0102 N HOLLY ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HAMMOND
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0LA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd070401
ReturnHeader/PreparerPersonGrp/PhoneNum09853452850
ReturnHeader/PreparerPersonGrp/PreparationDt02022-03-24
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0EDWARD M BURNS CPA
ReturnHeader/ReturnTs02022-03-24T07:49:00-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ANDREW
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0GLASCOCK
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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