Academy Of Television Arts & Sciences Foundation
- Assets
- $41.3m
- Revenue
- $3.4m
- Investments
- $824.3k
- Employees
- 0
- Location
- North Hollywood, CA
- Founding
- 08/1995
- Data as of
- 12/2021
- EIN
- 95-2283284
Organization Overview
Academy Of Television Arts & Sciences Foundation, operating under the name Television Academy Foundation, is located in North Hollywood, CA. The organization was established in 1995. According to its NTEE Classification (A30) the organization is classified as: Media & Communications, 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. Television Academy 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 12/2021, Television Academy Foundation generated $3.4m 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 (4.6%) each year. All expenses for the organization totaled $4.7m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE CHARITABLE ARM OF THE TV ACADEMY, THE ACADEMY OF TELEVISION ARTS & SCIENCES FOUNDATION, IS DEDICATED TO PRESERVING TELEVISION WHILE EDUCATING AND INSPIRING FUTURE LEADERS.
Describe the Organization's Program Activity:
SEE SCHEDULE O
SEE SCHEDULE O
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah Bradley Treasurer | OfficerTrustee | 10 | $0 |
Cris Abrego Chairperson | OfficerTrustee | 10 | $0 |
Tom Sarnoff Founding Chair-Emeritus | OfficerTrustee | 10 | $0 |
Madeline Di Nonno Chair Emeritus | OfficerTrustee | 10 | $0 |
Billie Greer Secretary | OfficerTrustee | 10 | $0 |
Jon Murray Vice Chair | OfficerTrustee | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Universal Protection Security Syste Security Systems | 12/30/16 | $117,150 |
Gensler Building Contractor | 12/30/16 | $448,140 |
Daniel J Edelman Inc Public Relations | 12/30/16 | $124,045 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $407,680 |
| Related organizations | $1,757,107 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $930,453 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,095,240 |
| Total Program Service Revenue | $81,020 |
| Investment income | $135,325 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $275,870 |
| Net Income from Fundraising Events | -$211,267 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,404,719 |
| 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. | $262,286 |
| Compensation of current officers, directors, key employees. | $262,286 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,010,334 |
| Pension plan accruals and contributions | $69,016 |
| Other employee benefits | $129,302 |
| Payroll taxes | $77,852 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $35,520 |
| Fees for services: Accounting | $7,442 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,762 |
| Fees for services: Other | $174,788 |
| Advertising and promotion | $19,729 |
| Office expenses | $8,885 |
| Information technology | $40,540 |
| Royalties | $0 |
| Occupancy | $313,107 |
| Travel | $981 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,221 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,798,648 |
| Insurance | $126,951 |
| All other expenses | $60,312 |
| Total functional expenses | $4,658,354 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,417,344 |
| Savings and temporary cash investments | $4,127,126 |
| Pledges and grants receivable | $1,066,329 |
| Accounts receivable, net | $430,527 |
| 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 | $92,304 |
| Net Land, buildings, and equipment | $27,200,230 |
| Investments—publicly traded securities | $4,468,147 |
| Investments—other securities | $824,345 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,650,009 |
| Total assets | $41,276,361 |
| Accounts payable and accrued expenses | $255,808 |
| Grants payable | $0 |
| Deferred revenue | $622,811 |
| 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 | $3,050,749 |
| Total liabilities | $3,929,368 |
| Net assets without donor restrictions | $33,804,436 |
| Net assets with donor restrictions | $3,542,557 |
| 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 | $41,276,361 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Academy Of Television Arts & Sciences Foundation has recieved totaling $10,145,000.
| Awarding Organization | Amount |
|---|---|
The Saban Family Foundation Los Angeles, CA PURPOSE: TO SHAPES THE ART OF CREATING TELEVISION BY ENGAGING AND EDUCATING THE NEXT GENERATION OF TELEVISION PROFESSIONALS. | $10,000,000 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $145,000 |
Endowment Analysis
| Beg. Balance | $1,999,572 |
| Earnings | $118,592 |
| Net Contributions | $1,070,359 |
| Ending Balance | $3,188,523 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Center For The Collaborative Classroom Alameda, CA | $27,743,663 | $25,227,880 |
Rest Of World Media Inc Menlo Park, CA | $7,722,872 | $6,954,014 |
Academy Of Television Arts & Sciences Foundation North Hollywood, CA | $41,276,361 | $3,404,719 |
Honolulu Civil Beat Inc Honolulu, HI | $3,542,480 | $4,574,284 |
Cityside Journalism Initiative Berkeley, CA | $1,452,372 | $3,671,033 |
China Digital Times Inc Berkeley, CA | $583,424 | $3,143,749 |
Independent Arts & Media San Francisco, CA | $1,765,650 | $3,883,542 |
Center For Asian American Media San Francisco, CA | $7,019,296 | $6,137,998 |
Pangea Foundation San Diego, CA | $78,972 | $2,732,387 |
Words Of Peace International Westlake Village, CA | $2,861,507 | $4,186,143 |
The Social Justice Foundation Thousand Oaks, CA | $195,044 | $2,658,674 |
Na Leo O Hawaii Inc Hilo, HI | $11,021,872 | $2,109,553 |