Net Foundation For Television
- Assets
- $25.2m
- Revenue
- $5.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Lincoln, NE
- Founding
- 07/1971
- Data as of
- 06/2020
- EIN
- 23-7122088
Organization Overview
Net Foundation For Television is located in Lincoln, NE. The organization was established in 1971. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Net Foundation For Television 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 06/2020, Net Foundation For Television generated $5.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $4.3m during the year ending 06/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT OF PUBLIC TELEVISION
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS AND DISBURSEMENTS WERE TO AND/OR FOR THE NEBRASKA ETV NETWORK, UNIVERSITY OF NEBRASKA TELEVISION DEPT, LINCOLN, NE FOR THE PURPOSE OF PROGRAM PRODUCTION AND ACQUISITION SUPPORT FOR BROADCAST OVER THE NEBRASKA ETV NETWORK, INCLUDING DISTRIBUTION OVER THE PUBLIC BROADCASTING SYSTEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Will Armstrong Finance Chair | OfficerTrustee | 1 | $0 |
Kathleen Thuman Chair | OfficerTrustee | 1 | $0 |
Randal Hansen Treasurer | Officer | 10 | $0 |
Mark Leonard Assistant Secretary | Officer | 10 | $0 |
Pam Brecka Assistant Secretary | Officer | 10 | $0 |
Debbie Hamlett Secretary/asst Treasurer | Officer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,114,535 |
| Investment income | $454,516 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $48,420 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,881,957 |
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,710 |
| Fees for services: Accounting | $19,055 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $148,167 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $31,083 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,795 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,141 |
| All other expenses | $0 |
| Total functional expenses | $4,255,039 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,073,582 |
| Pledges and grants receivable | $312,788 |
| Accounts receivable, net | $43,422 |
| 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 | $85,732 |
| Investments—publicly traded securities | $23,408,369 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $319,674 |
| Total assets | $25,243,567 |
| Accounts payable and accrued expenses | $610,407 |
| Grants payable | $0 |
| Deferred revenue | $444,350 |
| 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 | $1,054,757 |
| 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 | $24,188,810 |
Grants Awarded
Over the last fiscal year, Net Foundation For Television has awarded $1,365,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Lincoln, NE PURPOSE: PRODUCTION COSTS | $990,000 |
Lincoln, NE PURPOSE: EQUIPMENT | $375,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Net Foundation For Television has recieved totaling $100.
| Awarding Organization | Amount |
|---|---|
Donlan Foundation Wichita, KS PURPOSE: OPERATING FUND FOR OTHER PUBLIC CHARITY | $100 |
Endowment Analysis
| Beg. Balance | $20,468,157 |
| Earnings | $5,870,301 |
| Net Contributions | $653,216 |
| Other Expense | $279,391 |
| Ending Balance | $26,712,283 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bravo Greater Des Moines Inc Des Moines, IA | $3,545,703 | $5,885,208 |
Net Foundation For Television Lincoln, NE | $25,243,567 | $5,881,957 |
Richard J Stern Foundation For The Arts Kansas City, MO | $50,258,336 | $4,476,999 |
Kim Foundation Omaha, NE | $13,392,339 | $1,364,269 |
Redbud Foundation Topeka, KS | $13,980,299 | $14,104,221 |
Community Capital Fund Kansas City, MO | $1,497,991 | $1,400,960 |
Heritage Services Omaha, NE | $5,191,570 | $1,133,044 |
Fox Family Foundation Denver, CO | $12,191,378 | $91,435 |
Boulder County Arts Alliance Inc Boulder, CO | $1,719,449 | $738,914 |
Sidney & Bobette Guller Family Foundation Chesterfield, MO | $4,106,715 | $2,073,886 |
Omaha Philanthropic Trust Omaha, NE | $1,425,885 | $60,183 |
Topeka Symphony Society Topeka, KS | $1,624,478 | $500,770 |