Okemo Valley Tv Corp FY2021 filing

Tax-deductible

Ludlow, VT501(c)(3)Arts & CultureEIN 03-0370616Revenue $239K in FY2021

On file with the IRSokemovalley.tv37c Main St, 05149-1105 · Ludlow, VTTax-exempt since Oct 2001Publicly supported — 509(a)(2)

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To provide the Okemo Valley Region with multi-media technology for the purposes of education and information.

501(c)(3) charity; gifts are tax-deductible.
77¢ of each $1 spent went to programs.
$58K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average deficit $2K a year · under 1% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$58K
to officers and key staff · 26% of spending
Worth a look: pay to officers and key staff is 26% of spending; over 20%.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 4.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $24K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$239K
Spent
$225K
To programs
77%
Net assets
$329K
By yearFY2021–FY2025
Revenue
$239K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$239K
FY2022$239K
FY2023$247K
FY2024$268K
FY2025$237K
Expenses
$225K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$225K
FY2022$225K
FY2023$244K
FY2024$276K
FY2025$269K
Net assets
$329K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$329K
FY2022$342K
FY2023$346K
FY2024$338K
FY2025$306K

From the FY2021 Form 990 (year ending June 2021) · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 2001.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

77 cents of each dollar spent went to programs.

Program services 77% · $174K Management & general 23% · $51K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990; $58K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Director
$57,656Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A

Patrick Cody’s $72K as Director is at the 67th percentile of top reported officer pay among 2215 $100K–1M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Patrick Cody$72,351$67,717$69,876$61,665$57,656

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Offers multimedia technology for education and information in the Okemo Valley Region.

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Provided by the organization

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1 program · $174K · in their own filed words · FY2020
01

Provided a community bulletin service, coverage of town, school district and government meetings, local performing arts & sports and other community events.

$174Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$24K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$239K
Ln 12
Fees for servicesLn 2g$211K
Gifts and grantsLn 1h$27K
Investment incomeLn 3$217
Money outPt IX
$225K
Ln 25
Programscol B$174K
Managementcol C$51K
Owns and owesPt X
$329K
net assets · Ln 32
Cash and savingsLn 1–2$80K
Total assetsLn 16$329K
LiabilitiesLn 26$0
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$27K
Government grantsLn 1e$23K
Noncash giftsLn 1g$2K
Fees for servicesLn 2g$211K
Investment incomeLn 3$217
Gains on assetsLn 7$190
Total revenueLn 12$239K
Assets in detailPt X, end of year
CashLn 1$80K
Cash and savings togetherLn 1–2$80K
Land, buildings, equipmentLn 10c$249K
Total assetsLn 16$329K
LiabilitiesLn 26$0
Net assetsLn 32$329K
OperationsPt I, VI
EmployeesI 55
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$52K$80K
Land, buildings, equipmentLn 10c$264K$249K
Total assetsLn 16$316K$329K
LiabilitiesLn 26$727$0
Net assetsLn 32$315K$329K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$58K$29K$29K$0
Other salaries and wagesLn 7$64K$64K$0$0
Other employee benefitsLn 9$3K$1K$1K$0
Payroll taxesLn 10$9K$8K$2K$0
Legal feesLn 11b$1K$0$1K$0
Accounting feesLn 11c$2K$0$2K$0
Advertising and promotionLn 12$5K$5K$0$0
Office expensesLn 13$705$0$705$0
OccupancyLn 16$15K$12K$3K$0
Conferences, conventions and meetingsLn 19$506$0$506$0
InterestLn 20$4$0$4$0
Depreciation, depletion and amortizationLn 22$15K$9K$6K$0
InsuranceLn 23$5K$3K$2K$0
Other expenses (24a–d)Ln 24$799$544$255$0
All other expensesLn 24e$45K$42K$2K$0
Total functional expensesLn 25$225K$174K$51K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $237K$269K−$32K$306K 990 PDF
FY2024 $268K$276K−$8K$338K 990 PDF
FY2023 $247K$244K$4K$346K 990 PDF
FY2022 $239K$225K$13K$342K 990 PDF
FY2021 Viewing $239K$225K$14K$329K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $238,576 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,425$27,489
I-9 Program service revenuePrior year $216,257$210,870
I-10 Investment incomePrior year $44$217
I-11 Other revenue$0
I-12 Total revenuePrior year $219,726$238,576
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $136,390$134,154
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $63,706$90,597
I-18 Total expensesPrior year $200,096$224,751
I-19 Revenue less expensesPrior year $19,630$13,825
Part VI · Governance 7 of 7 board members independent, 3 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $238,576 across 8 lines filed
VIII-1e Government grants$22,660
VIII-1f All other contributions, gifts and grants$4,829
VIII-1g Noncash contributions (included above)$2,347
VIII-1h Total contributions, gifts and grants$27,489
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$210,870
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $27$27
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $190$190
VIII-12 Total revenueRelated to mission $210,870 · Unrelated business $0 · Excluded from tax $217$238,576
Part IX · Statement of functional expenses $224,751 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $28,993 · Management $28,993 · Fundraising $0$57,986
IX-7 Other salaries and wagesPrograms $63,925 · Management $0 · Fundraising $0$63,925
IX-9 Other employee benefitsPrograms $1,458 · Management $1,459 · Fundraising $0$2,917
IX-10 Payroll taxesPrograms $7,529 · Management $1,797 · Fundraising $0$9,326
IX-11b Legal feesPrograms $0 · Management $1,108 · Fundraising $0$1,108
IX-11c Accounting feesPrograms $0 · Management $2,246 · Fundraising $0$2,246
IX-12 Advertising and promotionPrograms $5,254 · Management $0 · Fundraising $0$5,254
IX-13 Office expensesPrograms $0 · Management $705 · Fundraising $0$705
IX-16 OccupancyPrograms $11,652 · Management $3,195 · Fundraising $0$14,847
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $506 · Fundraising $0$506
IX-20 InterestPrograms $0 · Management $4 · Fundraising $0$4
IX-22 Depreciation, depletion and amortizationPrograms $9,276 · Management $6,136 · Fundraising $0$15,412
IX-23 InsurancePrograms $3,111 · Management $2,024 · Fundraising $0$5,135
IX-24 Other expenses (24a–d)Programs $544 · Management $255 · Fundraising $0$799
IX-24e All other expensesPrograms $42,118 · Management $2,463 · Fundraising $0$44,581
IX-25 Total functional expensesPrograms $173,860 · Management $50,891 · Fundraising $0$224,751
Part X · Balance sheet $329,094 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $51,511$80,024
X-10c Land, buildings and equipment, netStart of year $264,482$249,070
X-16 Total assetsStart of year $315,993$329,094
X-26 Total liabilitiesStart of year $727$0
X-32 Total net assets or fund balancesStart of year $315,266$329,094
X-33 Total liabilities and net assetsStart of year $315,993$329,094
Part XI · Reconciliation of net assets $329,094 net assets at year end
XI-1 Total revenue$238,576
XI-2 Total expenses$224,751
XI-3 Revenue less expenses$13,825
XI-4 Net assets at start of year$315,266
XI-9 Other changes in net assets$3
XI-10 Net assets at end of year$329,094

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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