Cuny Tv Foundation
- Assets
- $5.8m
- Revenue
- $582.4k
- Investments
- $5.8m
- Employees
- 0
- Location
- New York, NY
- Founding
- 12/2003
- Data as of
- 06/2022
- EIN
- 55-0829761
Organization Overview
Cuny Tv Foundation is located in New York, NY. The organization was established in 2003. According to its NTEE Classification (A32) the organization is classified as: Television, 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. Cuny Tv Foundation 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, Cuny Tv Foundation generated $582.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (10.3%) each year. All expenses for the organization totaled $54.4k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (38.9%) per year over the past 7 years. 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
CHARITABLE PURPOSE OF SUPPORTING THE CITY UNIVERSITY OF NEW YORK, IN PARTICULAR, THE UNIVERSITY'S BROADCAST STATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHARITABLE PURPOSE OF SUPPORTING THE CITY UNIVERSITY OF NEW YORK, IN PARTICULAR, THE UNIVERSITY'S BROADCAST STATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Burton Sacks President | OfficerTrustee | 5 | $0 |
Michael Stoler Vice President | OfficerTrustee | 2 | $0 |
Deborah Labadie Treasurer | OfficerTrustee | 15 | $0 |
Elizabeth Nunez PHD Secretary | OfficerTrustee | 5 | $0 |
Maite Junco Director | Trustee | 1 | $0 |
Gail Yancosek 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 | $9,761 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,761 |
| Total Program Service Revenue | $0 |
| Investment income | $431,242 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $129,388 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $582,449 |
| 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. | $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 | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $21,514 |
| Fees for services: Other | $15,386 |
| Advertising and promotion | $0 |
| Office expenses | $1,367 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $1,968 |
| Insurance | $6,003 |
| All other expenses | $0 |
| Total functional expenses | $54,404 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,158 |
| Savings and temporary cash investments | $0 |
| 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 | $1,954 |
| Net Land, buildings, and equipment | $14,757 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $5,795,763 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,825,632 |
| Accounts payable and accrued expenses | $14,286 |
| 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 | $14,286 |
| Net assets without donor restrictions | $3,277 |
| Net assets with donor restrictions | $5,808,069 |
| 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 | $5,825,632 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Cuny Tv Foundation has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Lee & Louis Kuhn Foundation Inc New York, NY PURPOSE: GENERAL SUPPORT | $5,000 |
Endowment Analysis
| Beg. Balance | $6,608,190 |
| Earnings | -$800,121 |
| Ending Balance | $5,808,069 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lehigh Valley Public Telecommunications Corp Bethlehem, PA | $43,912,817 | $9,323,671 |
Vermont Etv Inc Winooski, VT | $65,912,701 | $9,345,245 |
Manhattan Community Access Corporat Ion New York, NY | $36,696,255 | $8,423,391 |
Northeastern Pennsylvania Educational Television Association Pittston, PA | $33,133,906 | $6,320,974 |
St Lawrence Valley Educational Television Council Inc Watertown, NY | $2,869,491 | $2,752,985 |
Connecticut Public Affairs Network Inc Hartford, CT | $1,634,043 | $2,736,017 |
Philadelphia Public Access Corporation Philadelphia, PA | $5,102,264 | $1,817,054 |
Plymouth Area Community Access Television Inc Plymouth, MA | $2,970,317 | $2,304,755 |
The Articulate Foundation Philadelphia, PA | $777,013 | $1,849,400 |
Delaware Valley Educational Telecommunications Network Philadelphia, PA | $1,952,646 | $1,650,612 |
Art 21 Inc New York, NY | $6,856,845 | $2,240,072 |
Staten Island Community Television Inc Staten Island, NY | $8,195,538 | $1,697,683 |