Civic Intelligence

Koce-TV Foundation

990 • Fiscal year 2016 • EIN 95-3220724

Jul 01, 2015 to Jun 30, 2016 • Filed on Feb 06, 2017

10100 Santa Monica Blvd No 1070Los Angeles, CA 90067

(714) 241-4100

Siviq Scores

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

Liabilities / Assets

84th percentile

0.77x

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

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Liabilities / Revenue

74th percentile

0.92x

Higher debt load relative to revenue than 74% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Net Margin

84th percentile

25%

Higher net margin than 84% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2016

Asset Growth

89th percentile

25%

Faster asset growth than 89% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Revenue Growth

88th percentile

35%

Faster revenue growth than 88% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Assets

Up

$25,373,680

Up $5,062,369 (+25%) from 2015

Net Assets

Up

$5,846,697

Up $5,297,849 (+965%) from 2015

Liabilities

Down

$19,526,983

Down $235,480 (-1.2%) from 2015

Revenue

Up

$21,296,766

Up $5,502,514 (+35%) from 2015

Expenses

Up

$16,022,198

Up $510,849 (+3.3%) from 2015

Net Income

Up

$5,274,568

Up $4,991,665 (+1764%) from 2015

Historical Trend

Balance Sheet Trend

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

$80M$60M$40M$20M$0Assets 2010: $18,235,359Liabilities 2010: $15,628,455Net Assets 2010: $2,606,9042010Assets 2011: $18,982,035Liabilities 2011: $16,173,809Net Assets 2011: $2,808,2262011Assets 2012: $20,498,206Liabilities 2012: $17,978,124Net Assets 2012: $2,520,0822012Assets 2013: $19,931,088Liabilities 2013: $19,690,706Net Assets 2013: $240,3822013Assets 2014: $20,412,363Liabilities 2014: $20,146,418Net Assets 2014: $265,9452014Assets 2015: $20,311,311Liabilities 2015: $19,762,463Net Assets 2015: $548,8482015Assets 2016: $25,373,680Liabilities 2016: $19,526,983Net Assets 2016: $5,846,6972016Assets 2017: $67,337,282Liabilities 2017: $16,258,842Net Assets 2017: $51,078,4402017Assets 2018: $59,310,348Liabilities 2018: $10,875,239Net Assets 2018: $48,435,1092018Assets 2019: $0Liabilities 2019: $0Net Assets 2019: $02019Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020

Highlighted filing

2016

Assets$25,373,680
Liabilities$19,526,983
Net Assets$5,846,697

Operations Trend

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

$80M$60M$40M$20M$0-$20MExpenses 2010: $10,376,7082010Revenue 2011: $11,337,385Expenses 2011: $11,493,063Net Income 2011: -$155,6782011Expenses 2012: $13,614,3382012Expenses 2013: $14,820,1202013Revenue 2014: $14,106,352Expenses 2014: $14,080,789Net Income 2014: $25,5632014Revenue 2015: $15,794,252Expenses 2015: $15,511,349Net Income 2015: $282,9032015Revenue 2016: $21,296,766Expenses 2016: $16,022,198Net Income 2016: $5,274,5682016Revenue 2017: $63,360,603Expenses 2017: $18,180,419Net Income 2017: $45,180,1842017Revenue 2018: $18,782,961Expenses 2018: $21,501,994Net Income 2018: -$2,719,0332018Revenue 2019: $3,856,063Expenses 2019: $4,914,960Net Income 2019: -$1,058,8972019Revenue 2020: $0Expenses 2020: $0Net Income 2020: $02020

Highlighted filing

2016

Revenue$21,296,766
Expenses$16,022,198
Net Income$5,274,568
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Feb 6, 2017
Return Version
2015v3.0
Gross Receipts
$21,476,598
Mission and Program Overview

Mission

Foster a love of learning, culture and community using the power of public media

Balance Sheet Detail
LineBeginningEndChange
Assets
Intangible Assets$13,939,575$13,939,575→ $0
Cash and Non-Interest-Bearing Accounts$3,158,277$7,859,923▲ $4,701,646
Land, Buildings, and Equipment, Net$1,968,407$1,717,921▼ $250,486
Investments Other Securities$5,000$459,599▲ $454,599
Accounts Receivable$239,865$454,233▲ $214,368
Prepaid Expenses and Deferred Charges$299,661$235,470▼ $64,191
Pledges and Grants Receivable$165,271$153,070▼ $12,201
Total Assets$20,311,311$25,373,680▲ $5,062,369
Other Assets Total$535,255$553,889▲ $18,634
Liabilities
Mortgage Notes Payable Secured by Investment Property$18,253,620$17,150,970▼ $1,102,650
Accounts Payable and Accrued Expenses$1,180,778$1,242,374▲ $61,596
Deferred Revenue$328,065$1,133,639▲ $805,574
Total Liabilities$19,762,463$19,526,983▼ $235,480
Net Assets / Fund Balance
Unrestricted Net Assets$451,366$5,811,835▲ $5,360,469
Temporarily Rstr Net Assets$97,482$34,862▼ $62,620
Total Net Assets Fund Balance$548,848$5,846,697▲ $5,297,849
Total Liabilities and Net Assets / Fund Balance$20,311,311$25,373,680▲ $5,062,369

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,020,456$5,293,114$6,313,570
Leasehold Improvements$697,465$568,596$1,266,061
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mel RogersFormer President/CEO(until 5/1/15)-$346,431$4,615$351,046
Andrew RussellPresident/CEO (as of 5/1/15)FT$314,034$13,032$327,066
Edward MiskevichManagerFT$146,657$5,429$152,086
Dawn ArizaCFOFT$146,149-$146,149
Jamie MyersCOOFT$126,923$7,269$134,192
Maura Daly PhinneyVP MemberFT$126,731$5,569$132,300
Patricia PetricManagerFT$107,910$4,316$112,226
Gordon SmithManagerFT$108,470-$108,470
Dan GrahamExecutive VP Dev (until 06/30/15)-$105,673-$105,673

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$20,411,045
Program Service Revenue
$634,953
Investment Income
$6,347
Other Revenue
$244,421
All Other Contributions
$13,678,884
Change in Net Assets
$5,274,568

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
Yes

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Miscellaneous1$370,059Fair Market Value
Cars and Other Vehicles349$230,765Resale Value
Securities Publicly Traded10$61,259Fair Market Value
Total Noncash Contributions360$662,083-

Audited Revenue Reconciliation

Revenue per Audited Statements
$21,296,766
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$820,257
Total Revenue per Audited Statements
$22,117,023
Total Revenue per Form 990
$21,296,766
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$11,287,338
Salaries, Compensation, and Employee Benefits$4,541,297
Total Fundraising Expense$2,391,472
Professional Fundraising Fees$193,563
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,325,278$166,666$383,224$2,875,168
Office Expenses$722,420$66,953$1,080,702$1,870,075
Occupancy$812,123$96,536$87,718$996,377
Depreciation Depletion$925,569$30,210$35,357$991,136
Fees for Services Other$819,730$9,984$129,264$958,978
Current Officers, Directors, Trustees, and Key Employees-$912,459-$912,459
Other Expenses$598,926$1,350$221,544$598,926
Interest$485,630$11,278$864$497,772
Fees for Services Legal-$399,199-$399,199
Other Employee Benefits$318,335$-9,190$39,622$348,767
Payroll Taxes$193,528$60,423$38,088$292,039
All Other Expenses$5,954$57,854$146,124$209,932
Fees for Services Professional Fundraising--$193,563$193,563
Travel$119,262$37,247$10,373$166,882
Information Technology$109,470$9,835$5,697$125,002
Pension Plan Contributions$74,391$23,690$14,783$112,864
Insurance-$76,019-$76,019
Fees for Services Accounting-$56,118-$56,118
Conferences and Meetings$12,149$2,360$4,549$19,058
Total Functional Expenses$11,317,234$2,313,492$2,391,472$16,022,198

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$16,819,174
Expenses per Audited Statements$16,022,198
Total Expenses per Form 990$16,022,198
Expenses Not Reported on Form 990$796,976
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$193,563
Fundraising Direct Expenses$179,832
Fundraising Gross Income$179,832

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Oc Gala$463,718$179,832$179,832$0
Total Events$463,718$179,832$179,832$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
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
Yes
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 A, Line 6

The organization is organized as a corporation and has members who have the right to participate in the organization's governance.

Form 990, Part VI, Section B, Line 11

A copy of form 990 was provided to the organization's governing body to review before it was filed.

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

The executive management of the organization regularly and consistently monitors and enforces compliance with the conflict of interest policy. Each board member is also required to sign a conflict of interest policy.

Form 990, Part VI, Section B, Line 15

Salary scale is determined by a compensation committee who makes comparisons with comparable nonprofit organizations and completes the nonprofit directors compensation survey, and other key employees are reviewed and voted on by board members as part of the annual budget process.

Form 990, Part VI, Section C, Line 18

The organization makes its returns available for public inspection on the organization's website (pbssocal.org), upon request, and on guidestar.org.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents and conflict of interest policy available to the public upon request. Financial statements are available on the organization's website (pbssocal.org).

Filing and Contact Details

Filer

Filer Name
Koce-tv Foundation
EIN
95-3220724
Phone
7142414100
Address
10100 SANTA MONICA BLVD NO 1070, LOS ANGELES, CA 90067
Doing Business As
Pbs Socal

Signing Officer

Name
Andrew Russell
Title
CFO
Phone
7142414104
Signed
2017-02-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Andrew Russell
Formed
1978
Legal Domicile
CA
Voting Board Members
23
Independent Board Members
22
Employees
74
Volunteers
100

Preparer

Firm
Singerlewak Llp
Address
2050 MAIN STREET 7TH FLOOR, IRVINE, CA 92614
Preparer
Lior Temkin CPA
Phone
9492618600
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 2C:

The organization has an audit committee that assumes responsibility for the oversight of the audit of its financial statements and selection of an independent accountant. The oversight process and selection process has not changed during the fiscal year.

Financial Statement Notes

PART X, LINE 2:

The foundation has adopted financial accounting standards board ("fasb") accounting standards codification topic no. 740, income taxes ("asc 740") (formerly fasb interpretation no. 48, accounting for uncertainty in income taxes, an interpretation of fasb statement no. 109). Asc 740 clarifies the accounting for uncertainty in income taxes. Asc 740 prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. Asc 740 requires that an organization recognize in the financial statements the impact of the tax position if that position will more likely than not be sustained on audit, based on the technical merits of the position. Asc 740 also provides guidance related to derecognition, classification, interest and penalties, accounting in interim periods and disclosure. As of and for the year ended june 30, 2016, the foundation had no material unrecognized/derecognized tax benefits or tax penalties or interest. The following summarizes the open tax years for each major jurisdiction: jurisdiction open tax years federal 2012 - 2015 state 2011 - 2015

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