Educational Media Company At Virginia Tech Inc
- Assets
- $321.1k
- Revenue
- $354.4k
- Investments
- $0.0
- Employees
- 7
- Location
- Blacksburg, VA
- Founding
- 08/1998
- Data as of
- 06/2022
- EIN
- 54-1852890
Organization Overview
Educational Media Company At Virginia Tech Inc is located in Blacksburg, VA. The organization was established in 1998. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 06/2022, Educational Media Company At Virginia Tech Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Educational Media Company At Virginia Tech Inc 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, Educational Media Company At Virginia Tech Inc generated $354.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $324.8k during the year ending 06/2022. While expenses have increased by 0.0% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE BROADLY APPLICABLE, CO-CURRICULAR EDUCATIONAL EXPERIENCES FOR VIRGINIA TECH STUDENTS THROUGH THE PRODUCTION OF MASS MEDIA INFORMATION AND ENTERTAINMENT FOR THE COMMUNITY.
Describe the Organization's Program Activity:
EMCVT'S STUDENT ORGANIZATIONS ARE THE COLLEGIATE TIMES, PUBLISHING A PRINT EDITION AND COLLEGIATETIMES.COM; WUVT 90.7 FM; VIRGINIA TECH TELEVISION CHANNEL 33; THE BUGLE, THE YEARBOOK OF VIRGINIA TECH SINCE 1895; AND THE SILHOUETTE LITERARY AND ARTS MAGAZINE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kiley Thompson General Mana | Officer | 20 | $15,000 |
Elliott Gordon President | OfficerTrustee | 5 | $0 |
Beth Shugg Director | Trustee | 1 | $0 |
Mike Santoro Director | Trustee | 1 | $0 |
Betsy Brittingham Director | Trustee | 1 | $0 |
Paul Heltzel 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 | $44,906 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $44,906 |
| Total Program Service Revenue | $305,229 |
| Investment income | $3,758 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $440 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $354,363 |
| 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. | $15,000 |
| Compensation of current officers, directors, key employees. | $1,950 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,650 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,240 |
| Fees for services: Management | $178,024 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,830 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $31,847 |
| Office expenses | $29,043 |
| Information technology | $8,200 |
| Royalties | $0 |
| Occupancy | $11,464 |
| Travel | $2,207 |
| 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 | $5,128 |
| Insurance | $4,336 |
| All other expenses | $425 |
| Total functional expenses | $324,800 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,686 |
| Savings and temporary cash investments | $36,225 |
| 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 | $11,598 |
| Investments—publicly traded securities | $230,548 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $321,057 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $321,057 |
| 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 | $321,057 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Educational Media Company At Virginia Tech Inc has recieved totaling $5,198.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $5,198 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United States Naval Academy Foundation Inc Annapolis, MD | $305,968,176 | $47,603,619 |
Umuc Ventures Inc Bethesda, MD | $44,098,237 | $47,696,802 |
The Malala Fund Washington, DC | $40,557,471 | $29,060,686 |
Transylvania Vocational Services Inc Brevard, NC | $52,218,118 | $34,183,028 |
Champions For Education Inc Charlotte, NC | $4,769,828 | $14,830,024 |
Campus Development Foundation Inc Chattanooga, TN | $70,898,605 | $12,373,348 |
Kentucky Educational Development Corporation Ashland, KY | $6,070,827 | $11,298,796 |
Building Hope Finance Washington, DC | $123,995,340 | $7,003,194 |
Nc State Engineering Foundation Inc Raleigh, NC | $172,988,383 | $18,412,442 |
Dc Public Education Fund Washington, DC | $19,324,284 | $7,024,090 |
St Christophers School Foundation Richmond, VA | $94,106,126 | $9,680,251 |
National Automatic Sprinkler 669 Va Education Fund Columbia, MD | $15,668,623 | $8,120,660 |