Public Media Venture Group
- Assets
- $3.7m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 1
- Location
- Boulder, CO
- Founding
- 06/2011
- Data as of
- 12/2023
- EIN
- 27-1962968
Organization Overview
Public Media Venture Group is located in Boulder, CO. The organization was established in 2011. According to its NTEE Classification (A34) the organization is classified as: Radio, 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. Public Media Venture Group is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
HELP PUBLIC TELEVISION STATIONS ENHANCE AND GROW THEIR SERVICES BY LEVERAGING NEW TECHNOLOGIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PMVG PROVIDED INSIGHTS AND ADVISORY SERVICES ON ATSC 3.0, MARKET TRANSITIONS AND OTHER PUBLIC TELEVISION OPERATING TECHNOLOGIES TO OVER 40 PUBLIC MEDIA GROUPS, WITH A GOAL OF ENHANCING SERVICES TO LOCAL COMMUNITIES AND GENERATING NEW SOURCES OF REVENUE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leo Martinez Chair | OfficerTrustee | 1 | $0 |
Bob Feinberg Secretary | OfficerTrustee | 1 | $0 |
Cynthia Fenneman Director | Trustee | 1 | $0 |
Timothy Fallon Director | Trustee | 1 | $0 |
Miguel Monteverde Director | Trustee | 1 | $0 |
Mary Pratt-Henaghan Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,056,500 |
| Noncash contributions included in lines 1a–1f | $39,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,056,500 |
| Total Program Service Revenue | $546,000 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8,500 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,638,536 |
| 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. | $332,018 |
| Compensation of current officers, directors, key employees. | $16,407 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,977 |
| Payroll taxes | $14,957 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $141,130 |
| Fees for services: Accounting | $66,320 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $551,908 |
| Advertising and promotion | $1,500 |
| Office expenses | $10,150 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $19,778 |
| Travel | $31,781 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $96,681 |
| Interest | $71,169 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $37,664 |
| Insurance | $5,185 |
| All other expenses | $673 |
| Total functional expenses | $1,427,358 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $560,690 |
| Savings and temporary cash investments | $51,160 |
| Pledges and grants receivable | $350,000 |
| Accounts receivable, net | $30,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $496,184 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $59,997 |
| Net Land, buildings, and equipment | $348,128 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,410,000 |
| Other assets | $352,980 |
| Total assets | $3,659,139 |
| Accounts payable and accrued expenses | $198,764 |
| Grants payable | $0 |
| Deferred revenue | $6,000 |
| 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 | $1,609,697 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $363,346 |
| Total liabilities | $2,177,807 |
| Net assets without donor restrictions | $810,112 |
| Net assets with donor restrictions | $671,220 |
| 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 | $3,659,139 |