Net Foundation for Television FY2020 filing

Lincoln, NEUnknown exempt organizationSince 1971 EIN 23-7122088Revenue $5.9M in FY2020

On file with the IRSnetnebraska.org1800 North 33rd Street · Lincoln, NE

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Support of public Television

57¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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FY2020 · 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
57%
of spending
Worth a look: 57% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
3 mo
of spending, in cash
Plus $23.4M in investments, Pt X · Ln 11–13
Looks good: 3.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $151K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$1.1M
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
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
$5.9M
Spent
$4.3M
To programs
57%
Net assets
$24.2M
By yearFY2020–FY2021
Revenue
$5.9M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$5.9M
FY2021$7.8M
Expenses
$4.3M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$4.3M
FY2021$4.3M
Net assets
$24.2M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$24.2M
FY2021$0

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2021) →

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

57 cents of each dollar spent went to programs.

Program services 57% · $2.4M Management & general 6% · $248K Fundraising 37% · $1.6M

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 (FY2019); the FY2020 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
$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.

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Provided by the organization

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1 program · $2.4M · in their own filed words · FY2019
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.

$2.4Mprogram 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 FY2020 990, line by line.

1The main four
Money inPt VIII
$5.9M
Ln 12
Gifts and grantsLn 1h$5.1M
Investment incomeLn 3$503K
Other incomeLn 4–11$264K
Money outPt IX
$4.3M
Ln 25
Programscol B$2.4M
Managementcol C$248K
Fundraisingcol D$1.6M
Owns and owesPt X
$24.2M
net assets · Ln 32
Cash and savingsLn 1–2$1.1M
Total assetsLn 16$25.2M
LiabilitiesLn 26$1.1M
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$5.1M
Noncash giftsLn 1g$33K
Investment incomeLn 3$503K
Other incomeLn 4–11$264K
Gains on assetsLn 7$48K
Total revenueLn 12$5.9M
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$1.1M
Cash and savings togetherLn 1–2$1.1M
InvestmentsLn 11–13$23.4M
Other assetsLn 15$320K
Total assetsLn 16$25.2M
LiabilitiesLn 26$1.1M
Net assetsLn 32$24.2M
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 FY20End FY20
Cash and savingsLn 1–2$908K$1.1M
InvestmentsLn 11–13$20.4M$23.4M
Total assetsLn 16$23.8M$25.2M
LiabilitiesLn 26$1.4M$1.1M
Net assetsLn 32$22.4M$24.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$810K$810K
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$6K$6K
Accounting feesLn 11c$19K$19K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$148K$137K$11K
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$31K$5K$26K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$2K$2K
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$2.6M$1.5M$67K$1.1M
All other expensesLn 24e$623K$441$147K$475K
Total functional expensesLn 25$4.3M$2.4M$248K$1.6M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 Latest $7.8M$4.3M$3.6M$0 990 PDF
FY2020 Viewing $5.9M$4.3M$1.6M$24.2M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants M · Noncash O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $5,881,957 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $5,193,087$5,114,535
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $591,564$502,936
I-11 Other revenuePrior year $475,438$264,486
I-12 Total revenuePrior year $6,260,089$5,881,957
I-13 Grants and similar amounts paidPrior year $1,200,000$810,000
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 $4,103,135$3,445,039
I-18 Total expensesPrior year $5,303,135$4,255,039
I-19 Revenue less expensesPrior year $956,954$1,626,918
Part VI · Governance 12 of 12 board members independent, 1 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $5,881,957 across 10 lines filed
VIII-1f All other contributions, gifts and grants$5,114,535
VIII-1g Noncash contributions (included above)$32,915
VIII-1h Total contributions, gifts and grants$5,114,535
VIII-3 Investment incomeExcluded from tax $454,516$454,516
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsExcluded from tax $48,420$48,420
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $5,866 · Unrelated business $258,620$264,486
VIII-12 Total revenueRelated to mission $5,866 · Unrelated business $258,620 · Excluded from tax $502,936$5,881,957
Part IX · Statement of functional expenses $4,255,039 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $810,000$810,000
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 $5,710$5,710
IX-11c Accounting feesManagement $19,055$19,055
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-12 Advertising and promotionPrograms $137,443 · Fundraising $10,724$148,167
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 TravelManagement $5,122 · Fundraising $25,961$31,083
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsFundraising $1,795$1,795
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsuranceManagement $4,141$4,141
IX-24 Other expenses (24a–d)Programs $1,468,979 · Management $66,900 · Fundraising $1,076,458$2,612,337
IX-24e All other expensesPrograms $441 · Management $146,904 · Fundraising $475,406$622,751
IX-25 Total functional expensesPrograms $2,416,863 · Management $247,832 · Fundraising $1,590,344$4,255,039
Part X · Balance sheet $25,243,567 assets, 23 lines filed
X-1 Cash, non-interest-bearingStart of year $81,473$0
X-2 Savings and temporary cash investmentsStart of year $826,976$1,073,582
X-3 Pledges and grants receivableStart of year $2,048,367$312,788
X-4 Accounts receivableStart of year $124,462$43,422
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $7,500$85,732
X-11 Publicly traded securitiesStart of year $20,412,386$23,408,369
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 $313,202$319,674
X-16 Total assetsStart of year $23,814,366$25,243,567
X-17 Accounts payable and accrued expensesStart of year $933,496$610,407
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $450,899$444,350
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 $1,384,395$1,054,757
X-27 Net assets without donor restrictionsStart of year $16,658,662$18,765,446
X-28 Net assets with donor restrictionsStart of year $5,771,309$5,423,364
X-32 Total net assets or fund balancesStart of year $22,429,971$24,188,810
X-33 Total liabilities and net assetsStart of year $23,814,366$25,243,567
Part XI · Reconciliation of net assets $24,188,810 net assets at year end
XI-1 Total revenue$5,881,957
XI-2 Total expenses$4,255,039
XI-3 Revenue less expenses$1,626,918
XI-4 Net assets at start of year$22,429,971
XI-5 Net unrealized gains (losses) on investments$131,921
XI-10 Net assets at end of year$24,188,810

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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