Choice Media INC

Ocean Grove, NJUnknown exempt organizationEIN 45-2401943Revenue $10K in FY2022

On file with the IRSchoicemedia.tv35 Webb Ave · Ocean Grove, NJ

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Organization is organized exclusively for educational purposes

52¢ of each $1 spent went to programs.
$41K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2022
latest Form 990
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 3
filings with a surplus
Average deficit $44K a year · 20% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
52%
of spending
Worth a look: 52% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$41K
to officers and key staff · 21% of spending
Worth a look: pay to officers and key staff is 21% of spending; over 20%.
Pt VII · Sec A
Named funders
1
named funder · $500K
Fine: 1 funder names it on their filings; under 3.
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
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$10K
-97% vs prior year
Spent
$195K
To programs
52%
Net assets
$0
By yearFY2020–FY2022
Revenue
$10K
FY2022▼ -97%
Tap a bar for its year
Revenue by fiscal year
FY2020$353K
FY2021$298K
FY2022$10K
Expenses
$195K
FY2022▼ -33%
Tap a bar for its year
Expenses by fiscal year
FY2020$305K
FY2021$292K
FY2022$195K
Net assets
$0
FY2022▼ -100%
Tap a bar for its year
Net assets by fiscal year
FY2020$180K
FY2021$185K
FY2022$0

From the FY2022 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2022.

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

Where the money goes

52 cents of each dollar spent went to programs.

Program services 52% · $101K Management & general 48% · $94K

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

4 people listed on the 990; $41K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Di
$41,347Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2022FY2021FY2020
Robert Bowdon—$101,923$98,077
Tony Kinnett$41,347——

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.

See Choice Media INC 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

Provides educational resources and programs.

Questions for Choice Media INC

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Provided by the organization

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1 program · $79K · in their own filed words · FY2022
01

Choice meida's programs include (1) daily collection and publication of the most important news stories about education, (2) daily production of original video commentaries about school policies, and (3) weekly production of the random assignment livestream and podcast about education news.

$79Kprogram 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 · FY2021
Total grants receivedfrom 1 funder$500K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$10K
Ln 12
Gifts and grantsLn 1h$10K
Money outPt IX
$195K
Ln 25
Programscol B$101K
Managementcol C$94K
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A1
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$10K
Total revenueLn 12$10K
Assets in detailPt X, end of year
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 53
Fiscal year endsHeaderDecember
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 FY22End FY22
Total assetsLn 16$185K$0
LiabilitiesLn 26−$45$0
Net assetsLn 32$185K$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$145K$79K$65K
Other employee benefitsLn 9$6K$3K$3K
Payroll taxesLn 10$12K$7K$5K
Accounting feesLn 11c$3K$3K
Other fees for servicesLn 11g$2K$2K
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$6K$4K$2K
Information technologyLn 14$947$947
OccupancyLn 16$17K$17K
TravelLn 17$2K$2K
InterestLn 20$32$32
Depreciation, depletion and amortizationLn 22$2K$2K
Total functional expensesLn 25$195K$101K$94K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest Viewing $10K$195K−$185K$0 990 PDF
FY2021 $298K$292K$6K$185K 990 PDF
FY2020 $353K$305K$48K$180K 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 FY2022 990 (6 parts)
Part I · Summary $9,925 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $297,631$9,925
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $297,631$9,925
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $263,604$162,358
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $28,405$32,471
I-18 Total expensesPrior year $292,009$194,829
I-19 Revenue less expensesPrior year $5,622−$184,904
Part VI · Governance 4 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $9,925 across 3 lines filed
VIII-1f All other contributions, gifts and grants$9,925
VIII-1h Total contributions, gifts and grants$9,925
VIII-12 Total revenue$9,925
Part IX · Statement of functional expenses $194,829 across 12 lines filed
IX-7 Other salaries and wagesPrograms $79,108 · Management $65,488$144,596
IX-9 Other employee benefitsPrograms $3,085 · Management $2,553$5,638
IX-10 Payroll taxesPrograms $7,013 · Management $5,111$12,124
IX-11c Accounting feesManagement $2,600$2,600
IX-11g Other fees for servicesPrograms $1,817$1,817
IX-12 Advertising and promotionPrograms $1,040$1,040
IX-13 Office expensesPrograms $4,071 · Management $1,560$5,631
IX-14 Information technologyPrograms $947$947
IX-16 OccupancyManagement $16,549$16,549
IX-17 TravelPrograms $1,780$1,780
IX-20 InterestPrograms $32$32
IX-22 Depreciation, depletion and amortizationPrograms $2,075$2,075
IX-25 Total functional expensesPrograms $100,968 · Management $93,861 · Fundraising $0$194,829
Part X · Balance sheet $0 assets, 4 lines filed
X-16 Total assetsStart of year $184,859$0
X-26 Total liabilitiesStart of year −$45$0
X-32 Total net assets or fund balancesStart of year $184,904$0
X-33 Total liabilities and net assetsStart of year $184,859$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$9,925
XI-2 Total expenses$194,829
XI-3 Revenue less expenses−$184,904
XI-4 Net assets at start of year$184,904
XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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