Okemo Valley Tv Corp
- Assets
- $344.0k
- Revenue
- $238.7k
- Investments
- $0.0
- Employees
- 5
- Location
- Ludlow, VT
- Founding
- 10/2001
- Data as of
- 06/2022
- EIN
- 03-0370616
Organization Overview
Okemo Valley Tv Corp is located in Ludlow, VT. The organization was established in 2001. According to its NTEE Classification (A32) the organization is classified as: Television, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Okemo Valley Tv Corp employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Okemo Valley Tv Corp is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Okemo Valley Tv Corp generated $238.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $225.4k during the year ending 06/2022. While expenses have increased by 1.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE THE OKEMO VALLEY REGION WITH MULTI-MEDIA TECHNOLOGY FOR THE PURPOSES OF EDUCATION AND INFORMATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED A COMMUNITY BULLETIN SERVICE, COVERAGE OF TOWN, SCHOOL DISTRICT AND GOVERNMENT MEETINGS, LOCAL PERFORMING ARTS & SPORTS AND OTHER COMMUNITY EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Cody Director | Trustee | 40 | $61,665 |
Pat Moore V President | OfficerTrustee | 2 | $0 |
Noah Schmidt President | Officer | 2 | $0 |
George Thomson Secretary | Officer | 2 | $0 |
John Cama Treasurer | Officer | 2 | $0 |
Newt Rose Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $17,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,837 |
| Noncash contributions included in lines 1a–1f | $9,837 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,837 |
| Total Program Service Revenue | $210,510 |
| Investment income | $12 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $350 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $238,709 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $62,578 |
| Compensation of current officers, directors, key employees. | $31,289 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $58,000 |
| Pension plan accruals and contributions | $3,884 |
| Other employee benefits | $0 |
| Payroll taxes | $9,225 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,768 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,114 |
| Office expenses | $1,181 |
| Information technology | $19,138 |
| Royalties | $0 |
| Occupancy | $11,564 |
| Travel | $1,892 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,780 |
| Insurance | $5,322 |
| All other expenses | $26,565 |
| Total functional expenses | $225,438 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $72,203 |
| Savings and temporary cash investments | $28,711 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $243,059 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $343,973 |
| Accounts payable and accrued expenses | $1,608 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,608 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $342,365 |
| Total liabilities and net assets/fund balances | $343,973 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Okemo Valley Tv Corp has recieved totaling $11,700.
| Awarding Organization | Amount |
|---|---|
Vermont Council On The Arts Inc Montpelier, VT PURPOSE: OPERATING | $11,700 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Universal Communications Network Inc New York, NY | $23,705,014 | $36,204,062 |
Downtown Community Television Center Inc New York, NY | $12,160,508 | $18,067,924 |
Storycorps Inc Brooklyn, NY | $16,608,870 | $12,121,023 |
Eastern Educational Television Network Inc Boston, MA | $16,514,282 | $14,535,811 |
Vermont Etv Inc Winooski, VT | $65,912,701 | $9,345,245 |
Manhattan Community Access Corporat Ion New York, NY | $36,696,255 | $8,423,391 |
Strafford Health Alliance Somersworth, NH | $0 | $6,918,526 |
St Lawrence Valley Educational Television Council Inc Watertown, NY | $2,869,491 | $2,752,985 |
Plymouth Area Community Access Television Inc Plymouth, MA | $2,970,317 | $2,304,755 |
Art 21 Inc New York, NY | $6,856,845 | $2,240,072 |
Staten Island Community Television Inc Staten Island, NY | $8,195,538 | $1,697,683 |
Worcester Community Cable Access Inc Worcester, MA | $2,061,985 | $755,396 |