Choice Media INC FY2020 filing

Ocean Grove, NJUnknown exempt organization EIN 45-2401943Revenue $353K in FY2020

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

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Organization is organized exclusively for educational purposes

88¢ of each $1 spent went to programs.
$98K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

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FY2020 · 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
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$98K
to officers and key staff · 32% of spending
Concern: pay to officers and key staff is 32% of spending; over 30%.
Pt VII · Sec A
7 mo
of spending, in cash
Looks good: 6.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $500K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$61
0.03% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$353K
Spent
$305K
To programs
88%
Net assets
$180K
By yearFY2020–FY2022
Revenue
$353K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$353K
FY2021$298K
FY2022$10K
Expenses
$305K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$305K
FY2021$292K
FY2022$195K
Net assets
$180K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$180K
FY2021$185K
FY2022$0

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2022) →

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

88 cents of each dollar spent went to programs.

Program services 88% · $270K Management & general 8% · $24K Fundraising 4% · $12K

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

6 people listed on the 990; $98K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Di
$98,077Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
$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.

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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.

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Provided by the organization

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1 program · $110K · in their own filed words · FY2020
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.

$110Kprogram 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 FY2020 990, line by line.

1The main four
Money inPt VIII
$353K
Ln 12
Gifts and grantsLn 1h$353K
Money outPt IX
$305K
Ln 25
Programscol B$270K
Managementcol C$24K
Fundraisingcol D$12K
Owns and owesPt X
$180K
net assets · Ln 32
Cash and savingsLn 1–2$172K
Total assetsLn 16$180K
LiabilitiesLn 26$61
PeoplePt VI, VII
6
listed · VII A
PaidVII A1
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$353K
Total revenueLn 12$353K
Assets in detailPt X, end of year
CashLn 1$172K
Cash and savings togetherLn 1–2$172K
Land, buildings, equipmentLn 10c$2K
Other assetsLn 15$6K
Total assetsLn 16$180K
LiabilitiesLn 26$61
Net assetsLn 32$180K
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 FY20End FY20
Cash and savingsLn 1–2$127K$172K
Land, buildings, equipmentLn 10c$2K$2K
Total assetsLn 16$135K$180K
LiabilitiesLn 26$3K$61
Net assetsLn 32$131K$180K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$98K$78K$10K$10K
Other salaries and wagesLn 7$118K$110K$8K
Other employee benefitsLn 9$19K$17K$2K$972
Payroll taxesLn 10$18K$15K$1K$885
Accounting feesLn 11c$3K$3K
Other fees for servicesLn 11g$60$60
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$6K$6K$110$69
Information technologyLn 14$5K$5K
OccupancyLn 16$34K$34K
TravelLn 17$1K$1K
InterestLn 20$99$99
Depreciation, depletion and amortizationLn 22$133$133
Total functional expensesLn 25$305K$270K$24K$12K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest $10K$195K−$185K$0 990 PDF
FY2021 $298K$292K$6K$185K 990 PDF
FY2020 Viewing $353K$305K$48K$180K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $353,252 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $351,042$353,252
I-9 Program service revenuePrior year $2,902$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $353,944$353,252
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $262,436$253,481
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $65,381$51,476
I-18 Total expensesPrior year $327,817$304,957
I-19 Revenue less expensesPrior year $26,127$48,295
Part VI · Governance 6 of 6 board members independent, 4 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
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 $353,252 across 3 lines filed
VIII-1f All other contributions, gifts and grants$353,252
VIII-1h Total contributions, gifts and grants$353,252
VIII-12 Total revenue$353,252
Part IX · Statement of functional expenses $304,957 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $78,462 · Management $9,808 · Fundraising $9,808$98,078
IX-7 Other salaries and wagesPrograms $110,126 · Management $8,137$118,263
IX-9 Other employee benefitsPrograms $16,918 · Management $1,556 · Fundraising $972$19,446
IX-10 Payroll taxesPrograms $15,394 · Management $1,415 · Fundraising $885$17,694
IX-11c Accounting feesManagement $2,650$2,650
IX-11g Other fees for servicesPrograms $60$60
IX-12 Advertising and promotionPrograms $2,400$2,400
IX-13 Office expensesPrograms $5,613 · Management $110 · Fundraising $69$5,792
IX-14 Information technologyPrograms $5,020$5,020
IX-16 OccupancyPrograms $34,019$34,019
IX-17 TravelPrograms $1,303$1,303
IX-20 InterestPrograms $99$99
IX-22 Depreciation, depletion and amortizationPrograms $133$133
IX-25 Total functional expensesPrograms $269,547 · Management $23,676 · Fundraising $11,734$304,957
Part X · Balance sheet $179,837 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $126,875$172,329
X-10c Land, buildings and equipment, netStart of year $2,141$2,008
X-15 Other assetsStart of year $5,500$5,500
X-16 Total assetsStart of year $134,516$179,837
X-25 Other liabilitiesStart of year $3,035$61
X-26 Total liabilitiesStart of year $3,035$61
X-32 Total net assets or fund balancesStart of year $131,481$179,776
X-33 Total liabilities and net assetsStart of year $134,516$179,837
Part XI · Reconciliation of net assets $179,776 net assets at year end
XI-1 Total revenue$353,252
XI-2 Total expenses$304,957
XI-3 Revenue less expenses$48,295
XI-4 Net assets at start of year$131,481
XI-10 Net assets at end of year$179,776

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

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