2019-05-15T15:08:10-05:00 2018-06-30 111986323 MARCUM LLP 1601 MARKET STREET 4TH FLOOR PHILADELPHIA PA 19103 990 2017-07-01 222600747 INDEPENDENCE PUBLIC MEDIA OF PHILADELPHIA INC INDE 2154833900 441 NORTH FIFTH STREET PHILADELPHIA PA 19123 RENE SMITH BOARD CHAIR 2154833900 2019-05-15 1 THOMAS MCGLONE P00029799 2152972100 47.19.127.190 2019-05-15 13:02:52 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 1AC58C8B85BD2D3EBA4CA0573AE9A20227334ED3 2017 2019-02-21 02:37:17Z RENE SMITH 441 NORTH FIFTH STREET PHILADELPHIA PA 19123 1449835 0 X WWW.INDEPENDENCEMEDIA.ORG X 1981 PA NON-COMMERCIAL EDUCATIONAL TELEVISION BROADCAST SERVICE 9 9 9 0 0 0 587303 100 132146982 168710 5 1281025 0 0 132734290 1449835 0 0 0 0 1057968 530729 0 0 188202 1700185 1098813 2758153 1629542 129976137 -179707 132106133 130621138 1397957 92669 130708176 130528469 X INDEPENDENCE MEDIA ENRICHES LIVES THROUGH PROGRAMS AND SERVICES THAT ENTERTAIN, EDUCATE, AND INSPIRE. WE BELIEVE IN THE POWER OF TELEVISION AND NEW TECHNOLOGIES TO CONNECT COMMUNITIES, PROMOTE DIVERSITY, AND ENCOURAGE UNDERSTANDING. 0 0 972939 168710 THE ORGANIZATION OPERATES A NON-COMMERCIAL EDUCATION TELEVISION BROADCAST SERVICE LICENSED BY THE FEDERAL COMMUNICATIONS COMMISSION TO OPERATE WYBE-TV, ON CHANNEL 35 IN PHILA. 972939 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 6 0 9 1 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 PA X MANAGEMENT 2154833900 441 NORTH FIFTH STREET PHILADELPHIA PA 19123 RENE DEGEORGE SMITH EXECUTIVE - CHAIR 0.00 X 0 0 0 KAREN KIRCHNER BOARD MEMBER 0.00 X 0 0 0 VINIT DHRUVA SECRETARY 0.00 X 0 0 0 FRANK C LORDI FINANCE - TREASURER 0.00 X 0 0 0 CHRISTOPHER DUNNE VICE CHAIR 0.00 X 0 0 0 FEATHER HOUSTOUN BOARD MEMBER 0.00 X 0 0 0 DONNA GRIMS DEVELOPMENT MANAGER 40.00 X 137772 0 0 JESSICA K SILVER DIRECTOR OF OPERATIONS 40.00 X 111771 0 0 NANCY OGDEN DIRECTOR OF FINANCE & HR 40.00 X 136779 0 0 HOWARD BLUMENTHAL CEO 40.00 X 300130 0 0 686452 0 0 4 1 1 0 0 100 100 PROGRAM UNDERWRITING FEES 515100 168710 168710 168710 1281025 1281025 1449835 168710 0 1281025 444032 219262 110634 114136 59938 35964 11988 11986 26759 14351 2939 9469 257476 92113 165363 13000 4651 8349 132011 47227 84784 23228 13397 6699 3132 45477 43732 1745 5426 5426 32172 32172 93732 65385 9449 18898 27203 17175 6087 3941 RENT 266636 231008 17814 17814 DONATION OF EQUIPMENT 146171 146171 UTILITIES 18211 14556 1828 1827 REPAIRS AND MAINTENANCE 13589 13245 187 157 24481 14702 2937 6842 1629542 972939 468401 188202 123417 145550 14000 0 131578104 0 7515 3718 1036703 901453 374649 135250 130328172 8448 8448 132106133 130621138 1197957 92669 200000 1397957 92669 X 130671926 130523469 36250 5000 130708176 130528469 132106133 130621138 -179707 0 X 0 1 X 0 0 X 1662382 1637878 1964503 1151063 168789 6584615 1662382 1637878 1964503 1151063 168789 6584615 6584615 12511 8971 8315 5123 1281046 1315966 7900581 0.83340 0.05250 X 25802 25800 2 1010901 875653 135248 135250 X 1449835 0 1449835 0 1449835 1629542 0 1629542 0 1629542 PART X, LINE 2: THE CORPORATION IS A NONPROFIT ORGANIZATION WHICH IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. INCOME UNRELATED TO THE ORGANIZATION'S EXEMPT PURPOSE WOULD BE SUBJECT TO FEDERAL AND STATE INCOME TAXES. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA ("U.S. GAAP") REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN AND RECOGNIZE A TAX LIABILITY (OR ASSETS) IF THE CORPORATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN AND CONCLUDED THAT AS OF JUNE 30, 2018, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. INDEPENDENCE PUBLIC MEDIA IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. MANAGEMENT DOES NOT BELIEVE THERE IS ANY UNRELATED BUSINESS INCOME. X X 1 0 0 0 0 0 0 0 0 HOWARD BLUMENTHAL CEO 300130 0 0 0 0 0 0 0 0 0 300130 0 0 0 FORM 990, PART III, LINE 4A INDEPENDENCE PUBLIC MEDIA OF PHILADELPHIA, INC. D/B/A MIND: MEDIA INDEPENDENCE ("MIND TV OR "THE ORGANIZATION") IS CURRENTLY TRANSITIONING FROM A PUBLIC BROADCASTER TO A FOUNDATION (INDEPENDENCE PUBLIC MEDIA FOUNDATION). THE ORGANIZATION GREW OUT OF INDEPENDENCE PUBLIC MEDIA OF PHILADELPHIA, INC., THAT OPERATED WYBE CHANNEL 35 IN THE PHILADELPHIA MARKET. ON MARCH 29, 2016, THE FEDERAL COMMUNICATIONS COMMISSION ("FCC") COMMENCED THE FIRST-EVER INCENTIVE AUCTION DESIGNED TO REPURPOSE THE SPECTRUM FOR NEW USES. THE ORGANIZATION VOLUNTARILY PARTICIPATED IN THE AUCTION. BIDDING FOR THE AUCTION BEGAN IN JANUARY 2017 AND WAS CLOSED ON MARCH 30, 2017. THE AUCTION YIELDED $19.8 BILLION IN REVENUE, INCLUDING $10.05 BILLION FOR WINNING BROADCAST BIDDERS AND MORE THAN $7 BILLION TO BE DEPOSITED TO THE U.S. TREASURY FOR DEFICIT REDUCTION. ON APRIL 13, 2017 THE COMMISSION RELEASED A PUBLIC NOTICE FORMALLY CLOSING THE AUCTION AND BEGINNING THE 39-MONTH PERIOD DURING WHICH TIME SOME TV STATIONS WILL NEED TO TRANSITION TO NEW CHANNEL ASSIGNMENTS. ON APRIL 13, 2017, THE ORGANIZATION WAS ADVISED OF THE $131,578,104 SALES PROCEEDS IT WOULD RECEIVE AND THE NEED TO TRANSITION ITS BROADCAST SPECTRUM AND RELINQUISH ITS BROADCAST LICENSE. ON JULY 21, 2017, THE ORGANIZATION RECEIVED ITS SALES PROCEEDS FROM THE FCC. THE PROCEEDS RECEIVED FROM THE AUCTION WILL BE USED FOR CHARITABLE PURPOSES. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION HAS ONLY ONE COMMITTEE WHICH IS ITS BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S OUTSIDE ACCOUNTANTS PREPARE THE FINANCIAL STATEMENTS. THE 990 IS PREPARED BASED ON THE BOARD APPROVED FINANCIAL STATEMENTS WHICH IS THEN SENT TO THE ORGANIZATION FOR REVIEW AND SIGNATURE BY AN OFFICER OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION'S EXECUTIVE DIRECTOR'S SALARY IS DETERMINED AND APPROVED AT THE BOARD OF DIRECTORS MEETING. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION MAKES ITS 990 AVAILABLE FOR INSPECTION BASED UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS CAN BE MADE AVAILABLE UPON REQUEST.