Minority Television Project Inc
- Assets
- $59.5m
- Revenue
- $69.3m
- Investments
- $0.0
- Employees
- 0
- Location
- San Mateo, CA
- Founding
- 11/1985
- Data as of
- 12/2017
- EIN
- 94-2975155
Organization Overview
Minority Television Project Inc is located in San Mateo, CA. The organization was established in 1985. 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. Minority Television Project 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 12/2017, Minority Television Project Inc generated $69.3m in total revenue. All expenses for the organization totaled $6.6m during the year ending 12/2017. While expenses have increased by 105.4% per year over the past 3 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Booker T Wade Dir/gen Mgr | 40 | $34,455 | |
Fan Wen Financial Of | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $43,703 |
| Investment income | $589,033 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $68,654,565 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $69,287,301 |
| 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. | $101,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $44,625 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,852 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,228,034 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $358,110 |
| 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 | $132,362 |
| Insurance | $12,237 |
| All other expenses | $180,941 |
| Total functional expenses | $6,597,974 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,110,729 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,500 |
| 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 |
| Investments—publicly traded securities | $50,741,383 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $136,951 |
| Total assets | $59,498,767 |
| Accounts payable and accrued expenses | $159,414 |
| 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 | $46,827 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $206,241 |
| 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 | $59,292,526 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kvie Inc Sacramento, CA | $26,593,294 | $15,075,890 |
Hawaii Public Television Foundation Honolulu, HI | $47,313,263 | $9,289,551 |
Olelo Community Television Honolulu, HI | $14,902,025 | $7,001,608 |
Minority Television Project Inc San Mateo, CA | $59,498,767 | $69,287,301 |
Channel 5 Public Broadcasting Inc Reno, NV | $10,387,926 | $6,071,979 |
Valley Public Television Inc Fresno, CA | $3,745,681 | $4,651,437 |
Southern Oregon Public Television Inc Medford, OR | $2,762,585 | $2,831,337 |
Portland Community Media Portland, OR | $5,021,187 | $2,944,932 |
Redwood Empire Public Television Eureka, CA | $1,954,628 | $1,985,052 |
Metroeast Community Media Gresham, OR | $4,391,659 | $1,811,160 |
Community Media Access Collaborative Fresno, CA | $3,942,335 | $2,106,693 |
Roads Of Success Duarte, CA | $80,526 | $1,952,485 |