Civic Intelligence

Connecticut Public Broadcasting Real Estate Holding Company Inc.

990 • Fiscal year 2023 • EIN 81-1536242

Jul 01, 2022 to Jun 30, 2023 • Filed on Mar 28, 2024

Organization ProfileWWW.CTPUBLIC.ORG
1049 Asylum AveHartford, CT 06105

(860) 275-7350

Siviq Scores

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

Liabilities / Assets

12th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • NTEE A • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2023

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2023

Top Officer Pay

100th percentile

$695,873

Higher top officer pay than 100% of similar nonprofits.

2023 filings • NTEE A • $5M-$10M nonprofits • Source year 2023

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2023

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2023

Balance Sheet
Liabilities / Assets12th percentile

Assets

$6,212,963

No earlier filing loaded for comparison.

Net Assets

$6,212,963

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

$0

No earlier filing loaded for comparison.

Expenses

$475,554

No earlier filing loaded for comparison.

Net Income

-$475,554

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2023: $6,212,963Liabilities 2023: $0Net Assets 2023: $6,212,9632023Assets 2024: $5,923,169Liabilities 2024: $0Net Assets 2024: $5,923,1692024

Highlighted filing

2023

Assets$6,212,963
Liabilities$0
Net Assets$6,212,963
Open 2023 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$500K$0-$500KRevenue 2023: $0Expenses 2023: $475,554Net Income 2023: -$475,5542023Revenue 2024: $0Expenses 2024: $478,710Net Income 2024: -$478,7102024

Highlighted filing

2023

Revenue$0
Expenses$475,554
Net Income-$475,554
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Mar 28, 2024
Return Version
2022v5.0
Gross Receipts
$0
Mission and Program Overview

Mission

The nature of the activities to be conducted and the purposes to be promoted or carried out by the corporation are as follows:to be organized and operated at all times exclusively as a non-stock, charitable "supporting organization" as described in sections 501(c)(3) and 509(a)(3) of the internal revenue code of 1986, as amended ("code") for the following exclusive purposes:(a) to support, benefit and assist connecticut public broadcasting, inc., which is a tax-exempt organization under code section sol(c)(3) and a public charity code section s09(a)(2);(b) to hold, manage, operate, insure, lease, and otherwise administer real and personal property for the benefit of connecticut public broadcasting, inc.; and(c) to engage in any other lawful activity that is exclusively for the benefit of, to perform the functions of, or to carry out the purposes of connecticut public broadcasting, inc.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$6,688,517$6,212,963▼ $475,554
Total Assets$6,688,517$6,212,963▼ $475,554
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$6,688,517$6,212,963▼ $475,554
Total Net Assets Fund Balance$6,688,517$6,212,963▼ $475,554
Total Liabilities and Net Assets / Fund Balance$6,688,517$6,212,963▼ $475,554

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,212,963$7,969,553$14,182,516
Compensation and Service Providers
Top Officer Pay100th percentile

Employees

NameTitleOtherTotal
Lisa CambriaAssistant Secretary$83,485$83,485

Board Members and Trustees

NameTitle
Yvette MelendezChair
Mark G ContrerasPresident
George NorfleetVice Chair
Aedhmar HynesTrustee
Arnold L ChaseTrustee
Catalina Samper-horakTrustee
E Roger WilliamsTrustee
Eugene M SalorioTrustee
Gregory ButlerTrustee
Jeffrey S HoffmanTrustee
Jeffrey a FlaksTrustee
Jennifer Gerarda BrownTrustee
John R BurbankTrustee
Joyce AhrensTrustee
Kenneth R AlleyneTrustee
Michael PriceTrustee
Paul FitzpatrickTrustee
Peter G KellyTrustee
Thomas BarnesTrustee
Tim BannonTrustee
Radha RadhakrishnanAssistant Treasurer
Connie WeaverSecretary
Meg SakellaridesTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-475,554
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$475,554
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-$475,554-$475,554
Total Functional Expenses$0$475,554$0$475,554
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
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“Each member of the board of trustees receives an electronic copy of the form 990 prior to its filing.”

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

“The company's conflict of interest policy covers its board of trustees. The company reinforces and reviews its conflict of interest policy with its board of trustees annually and requires the board to disclose its business relationships or interests on a formal executed disclosure statement. These disclosures are reviewed by first, the audit committee of connecticut public broadcasting, inc., and then, in summary, with the full board of trustees if a conflict of interest is disclosed. If a transaction or a proposed transaction occurs interimly during the period between disclosures with an interested party, such transaction or proposed transaction is brought before the full board of trustees for review and approval prior to the effective date of the transaction. Interested parties do not participate in any meeting in which the proposed transaction is discussed unless to clarify facts. The process and procedures described above conform to non-profit best practices.”

Form 990, Part VI, Section C, Line 19

“The company makes its governing documents, conflict of interest policy and disclosures, and financial statements available to the public upon request. In addition, the company's audited financial statements and form 990 are available on its website.”

Filing and Contact Details

Filer

Filer Name
Connecticut Public Broadcasting Real
EIN
81-1536242
Phone
8602757350
Address
1049 ASYLUM AVE, HARTFORD, CT 06105

Signing Officer

Name
Meg Sakellarides
Title
Chief Financial Officer
Phone
8602757350
Signed
2024-03-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Meg Sakellarides
Formed
2015
Legal Domicile
Ct
Voting Board Members
22
Independent Board Members
21
Employees
0
Volunteers
21

Preparer

Firm
Cliftonlarsonallen
Address
29 SOUTH MAIN STREET 4TH FLOOR, WEST HARTFORD, CT 06107
Preparer
Mary Kay Curtiss
Phone
8605614000
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IRS990/MissionDesc0THE NATURE OF THE ACTIVITIES TO BE CONDUCTED AND THE PURPOSES TO BE PROMOTED OR CARRIED OUT BY THE CORPORATION ARE AS FOLLOWS:TO BE ORGANIZED AND OPERATED AT ALL TIMES EXCLUSIVELY AS A NON-STOCK, CHARITABLE "SUPPORTING ORGANIZATION" AS DESCRIBED IN SECTIONS 501(C)(3) AND 509(A)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED ("CODE") FOR THE FOLLOWING EXCLUSIVE PURPOSES:(A) TO SUPPORT, BENEFIT AND ASSIST CONNECTICUT PUBLIC BROADCASTING, INC., WHICH IS A TAX-EXEMPT ORGANIZATION UNDER CODE SECTION SOL(C)(3) AND A PUBLIC CHARITY CODE SECTION S09(A)(2);(B) TO HOLD, MANAGE, OPERATE, INSURE, LEASE, AND OTHERWISE ADMINISTER REAL AND PERSONAL PROPERTY FOR THE BENEFIT OF CONNECTICUT PUBLIC BROADCASTING, INC.; AND(C) TO ENGAGE IN ANY OTHER LAWFUL ACTIVITY THAT IS EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF CONNECTICUT PUBLIC BROADCASTING, INC.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EACH MEMBER OF THE BOARD OF TRUSTEES RECEIVES AN ELECTRONIC COPY OF THE FORM 990 PRIOR TO ITS FILING.

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,212,963
Liabilities
$0
Net assets
$6,212,963
Revenue
$0
Expenses
$475,554
Net income
-$475,554
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.92$0.00$5.92$0.00$0.48$0.48
2023Detailed filing. Detailed filing data is available for this year.$6.21$0.00$6.21$0.00$0.48$0.48