Independent Television Festivalincorporated
- Assets
- $20.2k
- Revenue
- $293.7k
- Investments
- $0.0
- Employees
- 1
- Location
- Duluth, MN
- Founding
- 12/2006
- Data as of
- 12/2022
- EIN
- 20-4198589
Organization Overview
Independent Television Festivalincorporated, operating under the name Catalyst, is located in Duluth, MN. The organization was established in 2006. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Catalyst 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 12/2022, Catalyst generated $293.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $517.8k during the year ending 12/2022. While expenses have increased by 16.9% per year over the past 8 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
CATALYST IS A CHAMPION OF INDEPENDENT ARTISTS AND A CURATOR OF NARRATIVE STORIES WHOSE MISSION IS TO ADVANCE ARTISTIC CAREERS, AND AUDIO, VISUAL AND LITERARY WORKS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE 2022 CATALYST CONTENT FESTIVAL TOOK PLACE SEPT 28-OCT 1, 2022. APPROXIMATELY 850 CONTENT CREATORS, INDUSTRY EXECUTIVES, AND GENERAL PUBLIC AUDIENCE WERE IN ATTENDANCE THROUGHOUT. OVER 50 SHOWS WERE SCREENED, 30 SCRIPTS PRESENTED, 5 PODCASTS PLAYED, AND 30 PITCHES SHOWCASED. IT ALSO INCLUDED 29 EDUCATIONAL PANELS, SEMINARS, AND WORKSHOPS. MANY WORKING RELATIONSHIPS WERE FOSTERED DURING THIS EVENT THAT CONTINUE TO ADVANCE ARTISTS' CAREERS. THE MAJOR ANNOUNCEMENT WAS THE LAUNCH OF OUR REGIONALIZATION PLAN TO EXPAND CATALYST OFFERINGS TO FESTIVALS AND COMMUNITIES IN OTHER PARTS OF THE UNITED STATES STARTING IN 2023.
AROUND 100 STUDENTS WERE ENROLLED IN 2022. THE INSTITUTE PROCESS GAVE EACH STUDENT AT LEAST 1-HOUR OF 1-ON-1 DIRECT MENTORSHIP AND OVER 30 HOURS OF INDUSTRY KNOWLEDGE SEMINARS AND LIVESTREAMS, PLUS GROUP SESSIONS WITH OTHER ARTISTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam Tesler President | OfficerTrustee | 1 | $0 |
Rondi Erickson Treasurer | OfficerTrustee | 1 | $0 |
Sofia Monroe Secretary | OfficerTrustee | 1 | $0 |
Steven Adams Board Member | Trustee | 1 | $0 |
Riki Mcmanus Board Member | Trustee | 1 | $0 |
Priyanka Pruthi Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $90 |
| All other contributions, gifts, grants, and similar amounts not included above | $259,800 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $259,890 |
| Total Program Service Revenue | $49,303 |
| Investment income | $101 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$15,560 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $293,734 |
| 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. | $50,000 |
| Compensation of current officers, directors, key employees. | $2,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,268 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,448 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $500 |
| Fees for services: Accounting | $2,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $223,887 |
| Advertising and promotion | $14,441 |
| Office expenses | $28,003 |
| Information technology | $40,885 |
| Royalties | $0 |
| Occupancy | $1,268 |
| Travel | $32,658 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $684 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,425 |
| All other expenses | $1,075 |
| Total functional expenses | $517,810 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,457 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $11,743 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $20,204 |
| Accounts payable and accrued expenses | $85,288 |
| 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 | $65,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $499,900 |
| Other liabilities | $0 |
| Total liabilities | $650,188 |
| Net assets without donor restrictions | -$629,984 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $20,204 |