Shenandoah Valley Educational Television Corp

Nonprofit profile at a glance

EIN
540785147
IRS 990 coverage
2010–2017
Forms available
Form 990 2017
Location
Harrisonburg, VA, USA
Phone
8003459878
Rating
76
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Arts, Culture, and Humanities

Official website

Reported finances

Revenue
$1,215,258
Expenses
$1,436,300
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2017. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • TONY MANCARI (PRESIDENT/GENERAL MANAGER)

Highest reported compensation

  • TONY MANCARI (PRESIDENT/GENERAL MANAGER): $130,317 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2017. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Wvpt is the public media information portal that connects all parts of the community and promotes our well-being by telling our stories, capturing our imagination, and by working to strengthen our connections.

What it reported doing in 2017

Programming and production: wvpt first aired on september 9, 1968. Initial broadcast was from 9:30 am to 3:30 pm weekdays with instructional programs geared to children from kindergarten through senior high. Through nearly 50 years, wvpt has grown to become the vibrant and technologically advanced organization it is today.wvpt's annual broadcasting budget is over a million dollars, this represents half of the total operating budget with costs over $400,000 to pbs for dues and programming. Local production is also expensive but tells the story of this community.in 2012 the commonwealth of Virginia stopped allocations for public media funding; thus, the station was delivered and annual shortfall of 75 percent of its operational funds. Wvpt now depends even more on community donations to sustain its operating budget. This support is imperative for uninterrupted operations. Due to the loss of state funding and the unknown status of the future of national governmental funding, wvpt must rely on the community it serves for a minimum of 75 percent of its operatinal funds.wvpt is a 501(c)(3) not-for-profit, financially transparent organization, and a historically good financial steward of its resources. Financial and audit reports are available to the public upon request and wvpt's annual community impact report is available for viewing at www.wvpt.net.as wvpt nears its 50th anniversary of service to the community, plans for the future include expansion of local content using on-line distribution while strengthening its core enterprise as the region's essential broadcast storyteller. Investing in your community and future generations through wvpt will help to serve your community, to tell your story, and to be your station.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 69
  • Transparency & Controls: 90
  • Accountability: 95
  • Sustainability: 8
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 84.5%; rating input score 85
  • Program expense ratio: 63%; rating input score 63
  • Fundraising efficiency: $3.18 raised per $1 spent on fundraising; rating input score 10; 10th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 7 of 8 controls in place; rating input score 88
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Fail
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -18.2%; rating input score 8; 8th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 0; 0th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 9.1%; rating input score 39; 39th percentile among comparable filings

Growth

  • Program expense growth: -9.3% per year; rating input score 0; 9th percentile among comparable filings
  • Revenue growth: 4.6% per year; rating input score 100; 51st percentile among comparable filings
  • Asset growth: -3.7% per year; rating input score 0; 16th percentile among comparable filings

Details

  • Where the money goes: 84.5% of revenue deployed · 63% of spending went to programs
  • Governance: 8 of 8 board members independent · 7 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $905K in reported program spending
  • Leadership: top reported pay $130K · 8 people listed
  • Consistency: 24 of 24 current checks pass
  • Schedules: 5 filed schedules
  • Filing history: 8 filing years from 2010 to 2017
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Financial Efficiency: Fundraising efficiency scored 10/100.
  • High — Sustainability: Operating margin scored 8/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 0/100.
  • Review — Accountability: Governance controls: Document-retention policy not reported.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Officer compensation ratio scored 39/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.