Hollywood Radio & Television Society
- Assets
- $375.3k
- Revenue
- $763.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Studio City, CA
- Founding
- 08/1969
- Data as of
- 06/2022
- EIN
- 95-2080801
Organization Overview
Hollywood Radio & Television Society is located in Studio City, CA. The organization was established in 1969. 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. Hollywood Radio & Television Society is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2022, Hollywood Radio & Television Society generated $763.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $784.0k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (3.2%) 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
TO PROMOTE EXCELLENCE IN BROADCASTING'S PUBLIC SERVICE ROLE, AND RAISE PUBLIC AWARENESS OF BROADCAST MEDIA'S CONTRIBUTION TO CULTURAL CONCERNS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM SERVICES HAS GENERATED A POSITIVE ATMOSPHERE FOR DISCUSSION OF PROBLEMS AFFECTING RADIO AND TV BROADCASTING. THE PERCEIVED OUTCOME IS THE HIGHER STANDARD ESTABLISHED FOR MEDIA BROADCAST.
THE COMPANY IS THE ENTERTAINMENT INDUSTRY'S PREMIER INFORMATION AND NETWORKING FORUM, GIVING INDUSTRY LEADERS OPPORTUNITIES THROUGH MEMBERSHIP ACTIVITIES TO CONNECT AND STAY INFORMED ON INDUSTRY TRENDS AND BEST PRACTICES.
PROVIDE THE NEXT GENERATION OF INDUSTRY LEADERS THE OPPORTUNITY TO DEVELOP THEIR SKILLS AND RELATIONSHIPS THROUGH EDUCATIONAL, MENTORING, AND PHILANTHROPIC ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melissa Grego CEO | Trustee | 40 | $217,013 |
Alejandro Uribe Treasurer | OfficerTrustee | 0 | $0 |
Odetta Watkins President | OfficerTrustee | 0 | $0 |
Charlie Andrews Secretary | OfficerTrustee | 0 | $0 |
Francesca Orsi Vice President | OfficerTrustee | 0 | $0 |
Gregory Lipstone Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $630,144 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $630,144 |
| Total Program Service Revenue | $133,211 |
| Investment income | $50 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $763,428 |
| 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. | $217,013 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $284,080 |
| Pension plan accruals and contributions | $19,468 |
| Other employee benefits | $29,454 |
| Payroll taxes | $35,504 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,175 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $38,661 |
| Advertising and promotion | $0 |
| Office expenses | $13,097 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,614 |
| Travel | $539 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,954 |
| Interest | $4,735 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,642 |
| All other expenses | $9,963 |
| Total functional expenses | $783,991 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $197,341 |
| Savings and temporary cash investments | $169,134 |
| 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 | $8,795 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $375,270 |
| 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 | $146,460 |
| Total liabilities | $146,460 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $228,810 |
| Total liabilities and net assets/fund balances | $375,270 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Internews Network Arcata, CA | $19,074,087 | $84,725,218 |
Public Media Group Of Southern California Burbank, CA | $120,528,113 | $44,366,663 |
Independent Television Service Inc San Francisco, CA | $30,120,260 | $24,197,338 |
Intelecom Intelligent Telecommunications Pasadena, CA | $0 | $19,676,869 |
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 |