AR 21 PGS FNL - Flipbook - Page 15
Financial Results
Revenue Sources Fiscal Year 2021
Detroit Educational Television Foundation Fiscal Year 2021
Statement of Activities
Year Ended June 30
2021
2020
Revenues, gains and
other support
Individual contributions
$ 9,671,156 $ 9,519,754
Productions of local and
national programs 2,710,170 3,098,822
Corporation for
Public Broadcasting grants 2,773,952 2,076,954
Federal and state government grants 3,539,236
111,370
Corporate contributions 1,560,152 1,022,797
Foundation contributions
530,131
715,380
Facilities rental
750,926
390,170
Special events
-
215,307
Retail product sales
102,344
122,968
Investment income
860,331
16,440
Miscellaneous income
802,652
299,171
Paycheck protection program
521,623
808,777
Total revenues, gains and
other support
23,822,673 18,397,910
Expenses
Program services:
Engagement and outreach 1,188,621 1,018,864
Production
and content creation 5,203,899 4,315,988
Broadcast 5,773,029 5,246,044
Total program services 12,165,549 10,580,896
Supporting services:
Administrative 2,366,130 2,546,225
Fundraising 4,097,536 4,470,784
Total expenses 18,629,215 17,597,905
Changes in net assets 5,193,458
800,005
Net assets - beginning of year
18,762,008 17,962,003
Net assets - end of year
$23,955,466 $18,762,008
Balance Sheet
Investment
Income
Year Ended June 30
2021
2020
Assets
Cash and cash equivalents
$ 7,830,015 $ 5,598,196
Investments5,772,1043,271,186
Accounts receivable 558,592 607,876
Pledges receivable, net1,454,6611,780,871
Inventory53,25125,560
Prepaid assets and other 645,673 186,588
Property and equipment, net 14,204,848 13,905,451
Other assets 836,956 962,579
Total assets
$31,356,100 $26,338,307
Liabilities and net assets
Liabilities:
Accounts payable
$ 827,340 $ 964,269
Accrued liabilities1,984,4631,331,426
Long-term liabilities4,588,8315,280,604
Total liabilities7,400,6347,576,299
Net assets:
Without donor restrctions 21,858,142 16,600,292
With donor restrictions2,097,3242,161,716
Total net assets 23,955,466 18,762,008
Total liabilities
and net assets
$31,356,100
Federal and State
Government Grants
4%
Other
9%
Individual
Support
15%
40%
Corporate
and
Foundation
Support
9%
Corporation for
Public Broadcasting
Grants
12%
Program Productions
11%
Program Services Fiscal Year 2021
National Program Production
5%
Radio Broadcast
8%
$26,338,307
Television
Broadcast
39%
Local Program
Production
38%
Engagement and Outreach
10%
13
13