Fund for Innovative TV

EIN: 363700892 501(c)(3) Arts, Culture & Humanities

Chicago, IL

Total Revenue
$1,290,570
Total Expenses
$409,984
Total Assets
$1,210,438
Net Assets
$1,055,473
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
IL
Principal Officer
THOMAS L WEINBERG
Phone
3129645020
Tax Period
2025-01-01 to 2025-12-31

Fund for Innovative TV, founded in 1991, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.3M in total revenue in fiscal year 2025. Revenue surged 153% from the prior year, signaling strong growth momentum. The organization ran a surplus of $881K, a strong 68% operating margin.

Mission

THE FUND FOR INNOVATIVE TV HAS BEEN PRODUCING CHALLENGING DOCUMENTARY VIDEO AND TELEVISION SINCE 1990. IT CURRRENTLY OPERATES THE MEDIA BURN ARCHIVE, WHOSE MISSION IS TO USE ARCHIVAL MEDIA TO DEEPEN CONTEXT AND ENCOURAGE CRITICAL THOUGHT THROUGH A SOCIAL JUSTICE LENS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $1,112,233
Program Service Revenue $178,305
Investment Income $32
Other Revenue $0
TOTAL REVENUE $1,290,570

Expense Breakdown

Grants Paid $0
Salaries & Benefits $292,968
Fundraising Expenses $25,290
Program Expenses $326,587
Other Expenses $117,016
TOTAL EXPENSES $409,984

Year-over-Year Comparison

2025 2024 Change
Revenue $1,290,570 $510,786 +1.5%
Expenses $409,984 $437,793 -0.1%
Net Income $880,586 $72,993 +11.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
13
Independent Members
13
Employees
12
Volunteers
14

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$61,837
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Sara Chapman Executive Dir. 40.00
Officer
$61,837 $0 $61,837
THOMAS L WEINBERG President 5.00
Officer Director
$0 $0 $0
Ben Kolak Vice President 3.00
Officer Director
$0 $0 $0
Thea Flaum Treasurer 3.00
Officer Director
$0 $0 $0
Dee Davis Secretary 3.00
Officer Director
$0 $0 $0
Elizabeth Coffman Director 1.00
Director
$0 $0 $0
Brian Becker Director 1.00
Director
$0 $0 $0
Amanda Scotese Director 1.00
Director
$0 $0 $0
Bob Hercules Director 1.00
Director
$0 $0 $0
Judy Hoffman Director 1.00
Director
$0 $0 $0
Daniel Mayeda Director 1.00
Director
$0 $0 $0
Antoine Haywood Director 1.00
Director
$0 $0 $0
Andrew Seeder Director 1.00
Director
$0 $0 $0
Christina DiPasquale Director 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $1,290,570 $409,984 $1,210,438 $880,586
2024 $510,786 $437,793 $236,170 $72,993
2023 $188,356 $385,597 $173,477 $-197,241
2022 $263,893 $378,180 $378,411 $-114,287
2021 $633,229 $248,790 $501,780 $384,439
2020 $212,244 $219,927 $127,141 $-7,683
2019 $215,049 $211,882 $175,410 $3,167
2018 $214,123 $195,346 $182,627 $18,777
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