Civic Intelligence

Erisat-Eritrean Satellite Television

EIN 83-2336145 • 501(c)3 • Los Angeles, CA

Profile

Erisats mission is to provide trusted, responsible, and impartial journalism that informs, engages, entertains and empowers eritreas diverse communities.

PO Box 49240Los Angeles, CA 90049

www.erisat.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2024

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2024

Net Margin

8th percentile

-148%

Higher net margin than 8% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

23rd percentile

-38%

Faster asset growth than 23% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

19th percentile

-48%

Faster revenue growth than 19% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Down

$206,118

Down $58,923 (-22%) from 2022

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

Down

$206,118

Down $49,946 (-20%) from 2022

Revenue

Down

$86,950

Down $217,457 (-71%) from 2022

Expenses

Down

$215,222

Down $34,292 (-14%) from 2022

Net Income

Down

-$128,272

Down $183,165 (-334%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$300K$200K$100K$0-$100KAssets 2018: $0Liabilities 2018: $40Net Assets 2018: -$402018Assets 2019: $13,508Liabilities 2019: $46,929Net Assets 2019: -$33,4212019Assets 2020: $114,169Liabilities 2020: $17,400Net Assets 2020: $96,7692020Assets 2021: $203,723Liabilities 2021: $2,552Net Assets 2021: $201,1712021Assets 2022: $265,041Liabilities 2022: $8,977Net Assets 2022: $256,0642022Assets 2024: $206,118Net Assets 2024: $206,1182024

Highlighted filing

2024

Assets$206,118
Liabilities-
Net Assets$206,118

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400K$200K$0-$200KRevenue 2018: $0Expenses 2018: $40Net Income 2018: -$402018Revenue 2019: $75,607Expenses 2019: $108,988Net Income 2019: -$33,3812019Revenue 2020: $316,042Expenses 2020: $185,553Net Income 2020: $130,4892020Revenue 2021: $267,044Expenses 2021: $162,642Net Income 2021: $104,4022021Revenue 2022: $304,407Expenses 2022: $249,514Net Income 2022: $54,8932022Revenue 2024: $86,950Expenses 2024: $215,222Net Income 2024: -$128,2722024

Highlighted filing

2024

Revenue$86,950
Expenses$215,222
Net Income-$128,272

Filings

Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 9, 2023
Return Version
2022v5.0
Gross Receipts
$304,407
Mission and Program Overview

Mission

ERISATs mission is to ensure universal access, over-the-air, high-quality content to its Eritrean audience inside and outside Eritrea. It is committed to disseminating fact-based news to inform, educate, create awareness and bridge the information gap that exists among Eritreans inside Eritrea and in the diaspora, thereby creating a full picture of the the political, social, economic and cultural life of Eritreans and provide correct information and project hope and optimism throughout all programming. This media organization is run by Eritreans for Eritreans under a slogan, serving Eritreans, by Eritreans, for Eritreans, where members coming from different political, religious, ethnic backgrounds and etc commit to working in unity for a common purpose.

Erisats mission is to provide trusted, responsible, and impartial journalism that informs, engages, entertains and empowers eritreas diverse communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$144,513$188,985▲ $44,472
Intangible Assets$59,207$54,917▼ $4,290
Prepaid Expenses and Deferred Charges-$20,700-
Accounts Receivable-$436-
Savings and Temporary Cash Investments-$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-
Land, Buildings, and Equipment, Net-$0-
Inventories for Sale or Use-$0-
Total Assets$203,723$265,041▲ $61,318
Other Assets Total$3$3→ $0
Liabilities
Accounts Payable and Accrued Expenses$2,552$8,977▲ $6,425
Total Liabilities$2,552$8,977▲ $6,425
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$201,171$256,064▲ $54,893
Total Net Assets Fund Balance$201,171$256,064▲ $54,893
Total Liabilities and Net Assets / Fund Balance$203,723$265,041▲ $61,318
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$178,275
Program Service Revenue
$126,132
Investment Income
$0
Other Revenue
$0
All Other Contributions
$178,275
Change in Net Assets
$54,893
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$249,514
Total Fundraising Expense$28,204
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$9,164$10,003$3,382$22,549
Other Expenses$23,265$11,907$7,801$19,708
Travel-$359$13,420$13,779
Occupancy$1,800$4,590$3,000$9,390
Depreciation Depletion$4,290--$4,290
Office Expenses$481$261$290$1,032
Advertising-$50$311$361
Information Technology$339--$339
Total Functional Expenses$194,140$27,170$28,204$249,514
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 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, Section B, Line 11B

No review was or will be conducted.

Form 990, Part VI, Section C, Line 19

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Erisat-eritrean Satellite Television
EIN
83-2336145
Phone
3106213957
Address
PO BOX 49240, LOS ANGELES, CA 90049

Signing Officer

Name
Saba Kidane Heritage Phd
Title
President
Signed
2023-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Saba Kidane Heritage Phd
Formed
2018
Legal Domicile
CA
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
35

Preparer

Firm
Lwa Llp
Address
5055 WILSHIRE BLVD SUITE 835, LOS ANGELES, CA 90036
Preparer
Mike C Chen
Phone
3235496900
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