Lehigh Valley Public Telecommunications Corp
- Assets
- $49.3m
- Revenue
- $11.4m
- Investments
- $633.7k
- Employees
- 78
- Location
- Bethlehem, PA
- Founding
- 09/1965
- Data as of
- 06/2021
- EIN
- 23-1642883
Organization Overview
Lehigh Valley Public Telecommunications Corp is located in Bethlehem, PA. The organization was established in 1965. 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, Lehigh Valley Public Telecommunications Corp employed 78 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lehigh Valley Public Telecommunications 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 06/2021, Lehigh Valley Public Telecommunications Corp generated $11.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.0% each year . All expenses for the organization totaled $11.6m during the year ending 06/2021. While expenses have increased by 9.8% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
WE EDUCATE, INSPIRE, AND ENTERTAIN, WHILE STIMULATING AND DISSEMINATING THE EXCHANGE OF IDEAS
Describe the Organization's Program Activity:
Part 3 - Line 4a
WLVT OPERATES A PUBLIC TELEVISION STATION SERVING A FOUR COUNTY AREA WITH OVER 12,000 MEMBERS. PBS39 PROVIDES TO THE COMMUNITY:- THE BROADCAST OF NON-COMMERCIAL TELEVISION PROGRAMS INTO 2.6 MILLION HOUSEHOLDS WITHIN EASTERN PENNSYLVANIA AND WESTERN NEW JERSEY WITH 5.2 MILLION VIEWERS. - EARLY CHILDHOOD EDUCATION FOR THOUSANDS OF PRESCHOOLERS AND THEIR PARENTS EACH YEAR AS WELL AS EDUCATIONAL CLASSROOM SERVICES, INCLUDING WEB-BASED ARCHIVES OF THOUSANDS OF EDUCATIONAL MATERIALS TO DEVELOP CURRICULUM THAT IMPACTS STUDENTS AND TEACHERS ON A DAILY BASIS. - AWARD-WINNING LOCAL DOCUMENTARY AND PUBLIC AFFAIRS PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy Fallon President/ceo | OfficerTrustee | 38 | $256,549 |
Arthur Troccoli Chief Financial Officer | OfficerTrustee | 38 | $183,595 |
Yonathan Greenbaum Chief Content Officer | Officer | 40 | $201,461 |
Andrea Cummis Chief Technology Officer | Officer | 40 | $167,448 |
Silvio J Scaglione Jr Vice President | Officer | 40 | $206,390 |
Susan Yee Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,293,100 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $168,813 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$453 |
| Net Income from Fundraising Events | -$18,956 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,383,607 |
| Statement of Expenses | |
|---|---|
| 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. | $632,806 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,403,348 |
| Pension plan accruals and contributions | $107,888 |
| Other employee benefits | $376,081 |
| Payroll taxes | $277,526 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $24,264 |
| Fees for services: Accounting | $54,456 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,912,060 |
| Advertising and promotion | $253,963 |
| Office expenses | $712,504 |
| Information technology | $400,000 |
| Royalties | $0 |
| Occupancy | $286,056 |
| Travel | $69,751 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,361 |
| Interest | $96,555 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $469,259 |
| Insurance | $75,710 |
| All other expenses | $0 |
| Total functional expenses | $11,587,217 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,990 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $704,763 |
| Accounts receivable, net | $319,889 |
| 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 | $267,981 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $633,657 |
| Investments—program-related | $0 |
| Intangible assets | $40,948,479 |
| Other assets | $4,895,270 |
| Total assets | $49,325,493 |
| Accounts payable and accrued expenses | $597,199 |
| 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 | $7,302,585 |
| Other liabilities | $1,051,487 |
| Total liabilities | $8,951,271 |
| 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 |
| Total liabilities and net assets/fund balances | $40,374,222 |