Net Foundation for Television

Lincoln, NEUnknown exempt organizationSince 1971EIN 23-7122088

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Support of public Television

59¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2021
latest Form 990
Concern: the latest return is for FY2021, 5 tax years back; more than 4 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 2
filings with a surplus
Average surplus $2.6M a year · 38% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
59%
of spending
Worth a look: 59% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Named funders
3
named funders · $151K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$7.8M
+33% vs prior year
Spent
$4.3M
To programs
59%
Net assets
$0
By yearFY2020–FY2021
Revenue
$7.8M
FY2021▲ +33%
Revenue by fiscal year
FY2020$5.9M
FY2021$7.8M
Expenses
$4.3M
FY2021+0.04%
Expenses by fiscal year
FY2020$4.3M
FY2021$4.3M
Net assets
$0
FY2021▼ -100%
Net assets by fiscal year
FY2020$24.2M
FY2021$0

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2021.

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

Where the money goes

59 cents of each dollar spent went to programs.

Program services 59% · $2.5M Management & general 7% · $280K Fundraising 35% · $1.5M

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

16 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Assistant Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary/Asst Treasurer
$0Pt VII · Sec A
Assistant Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Finance Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Net Foundation for Television executive salaries →

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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 15aNo

Programs and updates

Funds public television in Nebraska to produce and acquire programs for broadcast and distribution.

Provided by the organization

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1 program · $2.5M · in their own filed words · FY2020
01

Grants and disbursements were to AND/OR for the nebraska etv network, university of nebraska television dept, lincoln, ne for the purpose of program production and acquisition support for broadcast over the nebraska etv network, including distribution over the public broadcasting system.

$2.5Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 3 funders$151K
See all 3 funders →
Grants paid · 2 grants · $1.1M · 2019–2020

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$7.8M
Ln 12
Gifts and grantsLn 1h$6.7M
Investment incomeLn 3$643K
Other incomeLn 4–11$473K
Money outPt IX
$4.3M
Ln 25
Programscol B$2.5M
Managementcol C$280K
Fundraisingcol D$1.5M
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
16
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$6.7M
Noncash giftsLn 1g$51K
Investment incomeLn 3$643K
Other incomeLn 4–11$473K
Gains on assetsLn 7$241K
Total revenueLn 12$7.8M
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$0
InvestmentsLn 11–13$0
Other assetsLn 15$0
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$1.1M$0
InvestmentsLn 11–13$23.4M$0
Total assetsLn 16$25.2M$0
LiabilitiesLn 26$1.1M$0
Net assetsLn 32$24.2M$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$300K$300K
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$31K$31K
Accounting feesLn 11c$18K$18K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$185K$177K$8K
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$7K$5K$2K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$9K$9K
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$3.2M$2.0M$67K$1.1M
All other expensesLn 24e$550K$240$154K$396K
Total functional expensesLn 25$4.3M$2.5M$280K$1.5M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 Latest Viewing $7.8M$4.3M$3.6M$0 990 PDF
FY2020 $5.9M$4.3M$1.6M$24.2M 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 (5 parts)
Part I · Summary $7,819,375 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $5,114,535$6,703,549
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $502,936$643,226
I-11 Other revenuePrior year $264,486$472,600
I-12 Total revenuePrior year $5,881,957$7,819,375
I-13 Grants and similar amounts paidPrior year $810,000$300,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $3,445,039$3,956,711
I-18 Total expensesPrior year $4,255,039$4,256,711
I-19 Revenue less expensesPrior year $1,626,918$3,562,664
Part VIII · Statement of revenue $7,819,375 across 10 lines filed
VIII-1f All other contributions, gifts and grants$6,703,549
VIII-1g Noncash contributions (included above)$50,721
VIII-1h Total contributions, gifts and grants$6,703,549
VIII-3 Investment incomeExcluded from tax $402,008$402,008
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsExcluded from tax $241,218$241,218
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $472,600$472,600
VIII-12 Total revenueUnrelated business $472,600 · Excluded from tax $643,226$7,819,375
Part IX · Statement of functional expenses $4,256,711 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $300,000$300,000
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal feesManagement $30,876$30,876
IX-11c Accounting feesManagement $18,396$18,396
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotionPrograms $177,059 · Fundraising $8,314$185,373
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 TravelManagement $4,800 · Fundraising $2,345$7,145
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsFundraising $9,124$9,124
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsuranceManagement $4,380$4,380
IX-24 Other expenses (24a–d)Programs $2,022,310 · Management $66,900 · Fundraising $1,061,768$3,150,978
IX-24e All other expensesPrograms $240 · Management $154,210 · Fundraising $395,989$550,439
IX-25 Total functional expensesPrograms $2,499,609 · Management $279,562 · Fundraising $1,477,540$4,256,711
Part X · Balance sheet $0 assets, 23 lines filed
X-1 Cash, non-interest-bearingStart of year $0$0
X-2 Savings and temporary cash investmentsStart of year $1,073,582$0
X-3 Pledges and grants receivableStart of year $312,788$0
X-4 Accounts receivableStart of year $43,422$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $85,732$0
X-11 Publicly traded securitiesStart of year $23,408,369$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $319,674$0
X-16 Total assetsStart of year $25,243,567$0
X-17 Accounts payable and accrued expensesStart of year $610,407$0
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $444,350$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $1,054,757$0
X-27 Net assets without donor restrictionsStart of year $18,765,446$0
X-28 Net assets with donor restrictionsStart of year $5,423,364$0
X-32 Total net assets or fund balancesStart of year $24,188,810$0
X-33 Total liabilities and net assetsStart of year $25,243,567$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$7,819,375
XI-2 Total expenses$4,256,711
XI-3 Revenue less expenses$3,562,664
XI-4 Net assets at start of year$24,188,810
XI-5 Net unrealized gains (losses) on investments$5,447,106
XI-9 Other changes in net assets−$33,198,580
XI-10 Net assets at end of year$0

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

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