2025-05-30T12:51:12-05:00 2024-06-30 410746749 CLIFTONLARSONALLEN LLP 1525 VALLEY CENTER PARKWAY STE 300 BETHLEHEM PA 180172285 990 2023-07-01 231642883 LV PUBLIC TELECOMMUNICATIONS CORP WLVT-TV CHANNEL 39 LEHI 6108674677 839 SESAME ST BETHLEHEM PA 18015 YONI GREENBAUM VP OF OPERATIONS 6108674677 2025-05-28 1 0 CARY J GIACALONE II CPA P01799465 6104335501 2025-05-28 2023 2025-03-06 01:10:19Z STEPHEN BUDIHAS 839 SESAME ST BETHLEHEM PA 18015 20392677 0 X WWW.WLVT.ORG X 1963 PA WE EDUCATE, INSPIRE, AND ENTERTAIN, WHILE STIMULATING AND DISSEMINATING THE EXCHANGE OF IDEAS. 12 12 102 10 190183 0 4413130 3977676 347186 667874 1643838 1719294 85225 -27405 6489379 6337439 0 0 0 0 7059480 6899731 0 0 2291105 8085847 6632210 15145327 13531941 -8655948 -7194502 125109025 122920140 9265871 6313962 115843154 116606178 X "TO EDUCATE, INSPIRE, INFORM, ENTERTAIN AND STIMULATE THE EXCHANGE OF IDEAS FOR THE ENRICHMENT OF THE PUBLIC" BEGINS WITH THE BROADCAST OF PBS PROGRAMS THAT HIGHLIGHT ISSUES OF NATIONAL IMPORTANCE, CONTINUES WITH THE PRODUCTION OF OUR EMMY AWARD WINNING LOCAL PROGRAMS THAT EXPLORE THE CRITICAL CONCERNS OF OUR REGION AS WELL AS OFFER POSSIBLE SOLUTIONS, AND FURTHER TOUCHES OUR COMMUNITY THROUGH OUR EDUCATIONAL OUTREACH PROGRAMS; WITH A FOCUS ON IMPROVING READING, LITERACY AND INTERNET SAFETY. THIS MULTI-FACETED APPROACH ALLOWS THE COMMUNITY TO BECOME ACTIVE AND EMPOWERED CITIZENS EQUIPPED WITH THE KNOWLEDGE NECESSARY TO IMPROVE THEIR QUALITY OF LIFE. 0 0 7880472 483731 WLVT OPERATES A PUBLIC TELEVISION STATION SERVING A FOUR COUNTY AREA WITH OVER 12,000 MEMBERS. PBS39 PROVIDES TO THE COMMUNITY:- THE BROADCAST OF NON-COMMERCIAL TELEVISION PROGRAMS INTO 2.6 MILLION HOUSEHOLDS WITHIN EASTERN PENNSYLVANIA AND WESTERN NEW JERSEY WITH 5.2 MILLION VIEWERS. - EARLY CHILDHOOD EDUCATION FOR THOUSANDS OF PRESCHOOLERS AND THEIR PARENTS EACH YEAR AS WELL AS EDUCATIONAL CLASSROOM SERVICES, INCLUDING WEB-BASED ARCHIVES OF THOUSANDS OF EDUCATIONAL MATERIALS TO DEVELOP CURRICULUM THAT IMPACTS STUDENTS AND TEACHERS ON A DAILY BASIS. - AWARD-WINNING LOCAL DOCUMENTARY AND PUBLIC AFFAIRS PROGRAMS. 281061 ALL DAY NPR STYLE RADIO NEWS SERVING THE LEHIGH VALLEY, PENNSYLVANIA AND WESTERN NEW JERSEY 8161533 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 1 1 0 1 0 1 47 0 102 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X STEPHEN BUIDHAS 6108674677 839 SESAME STREET BETHLEHEM PA 18015 TIMOTHY S FALLON PRESIDENT/CEO 38.00 2.00 X X 270570 0 29112 ARTHUR TROCCOLI CHIEF FINANCIAL OFFICER 38.00 2.00 X X 203249 0 9210 SUSAN C YEE CHAIR (TO 1/24) 2.00 1.00 X X 0 0 0 JOHN EUREYECKO VICE CHAIR (TO 1/24) 2.00 1.00 X X 0 0 0 GREGORY PAUL TREASURER (TO 1/24) 1.00 1.00 X 0 0 0 DR WILLIAM GAUDELLI SECRETARY (TO 1/24) 2.00 1.00 X 0 0 0 JAMIE MUSSELMAN DIRECTOR (TO 1/24) 1.00 1.00 X 0 0 0 DAVID W WILLARD DIRECTOR 2.00 1.00 X 0 0 0 MAXWELL E DAVISON BOARD ATTORNEY (TO 1/24) 1.00 0.00 X 0 0 0 TODD P DONNELLY DIRECTOR 1.00 0.00 X 0 0 0 ELIZABETH DUANE DIRECTOR (TO 1/24) 1.00 0.00 X 0 0 0 DEBRA FRASER-HOWZE DIRECTOR 1.00 0.00 X 0 0 0 DR PHILIP J FROMUTH DIRECTOR (TO 1/24) 1.00 0.00 X 0 0 0 MICHAEL S KEIM CHAIR (AS OF 1/24) 1.00 0.00 X X 0 0 0 ARUNDHATI KHANWALKAR SECRETARY (AS OF 1/24) 1.00 0.00 X X 0 0 0 LUCINDALEA B MCCARTHY DIRECTOR 1.00 0.00 X 0 0 0 CAROL YOUNG DIRECTOR (TO 1/24) 1.00 0.00 X 0 0 0 LAKS SRINIVASAN VICE CHAIR (AS OF 1/24) 2.00 0.00 X X 0 0 0 LUIS E CAMPOS TREASURER (AS OF 1/24) 1.00 0.00 X X 0 0 0 RICK BUCHER DIRECTOR 1.00 0.00 X 0 0 0 JOHN HUEMMRICH DIRECTOR 1.00 0.00 X 0 0 0 JUDGE JOSEPH F LEESON JR DIRECTOR 1.00 0.00 X 0 0 0 IMTIAZ PATEL DIRECTOR 1.00 0.00 X 0 0 0 JOSEPH TOPPER DIRECTOR 1.00 0.00 X 0 0 0 CHRISTOPHER S WOLFEL EDD DIRECTOR 1.00 0.00 X 0 0 0 YONATHAN GREENBAUM CHIEF CONTENT OFFICER 40.00 0.00 X 232621 0 32164 ANDREA CUMMIS CHIEF TECHNOLOGY OFFICER 40.00 0.00 X 192755 0 31339 899195 0 101825 4 0 1 0 0 85850 137000 3754826 5684 3977676 PROGRAM UNDERWRITING 517000 285759 285759 DIGITAL ADVERTISING 517000 184783 184783 PRODUCTION SERVICES 517000 175430 170030 5400 INSTRUCTIONAL PROGRAMS 517000 21902 21902 667874 2559868 2559868 13128592 13968931 235 -840339 -235 -840574 -840574 52627 85850 86072 -33445 -33445 MISCELLANEOUS 900099 6040 6040 6040 6337439 483731 190183 1685849 X 938785 665278 166886 106621 4679435 2541155 1157164 981116 145983 83163 30384 32436 757472 436632 112379 208461 378056 224536 71326 82194 59915 2700 56390 825 52836 1753 51083 78834 78834 1516149 1018723 88595 408831 152225 150928 1297 274408 72529 82244 119635 400000 400000 857432 851791 643 4998 106609 47592 30924 28093 15619 6805 6601 2213 359381 359381 453848 313239 82436 58173 120453 120453 PROGRAM PRODUCTION COST 1152529 1152529 BAD DEBT 536211 536211 DEVELOPMENT 249975 18095 231880 DUES & SUBSCRIPTIONS 245786 174085 47369 24332 13531941 8161533 3079303 2291105 23159 27893 1504592 1015460 255464 91614 217025 169604 5339169 4505531 1143203 833638 80644157 79321196 40935750 40929386 385675 531349 125109025 122920140 1141693 769729 6579711 3760551 1544467 1783682 9265871 6313962 X 115578228 116412368 264926 193810 115843154 116606178 125109025 122920140 X -7194502 7951796 5730 X X 0 1 X 1 0 X 8935087 10293100 10661664 4413130 3977676 38280657 8935087 10293100 10661664 4413130 3977676 38280657 13282150 24998507 168813 566050 2845440 2559868 6140171 1536 97450 13850 5400 118236 72476 26234 110258 4862 -27405 186425 44725489 2503581 0.55890 0.53670 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 321723 85949 235774 3818209 3420375 397834 1199237 999207 200030 833638 ADVANCE FROM RELATED PARTY 1644585 CONTRACT LIABILITIES 98199 DEFERRED OPERATING EXPENSE 6667 LEASE LIABILITIES 34231 1783682 X 14163009 7951796 306259 8258055 5904954 78834 353651 432485 6337439 13399985 306259 306259 13093726 78834 359381 438215 13531941 PART X, LINE 2: NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE FINANCIAL STATEMENTS SINCE WLVT IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SIMILAR STATE PROVISIONS. HOWEVER, INCOME FROM ACTIVITIES NOT DIRECTLY RELATED TO THE ORGANIZATION'S TAX-EXEMPT PURPOSE, IF ANY, WOULD BE SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. THE ORGANIZATION COMPLIES WITH GUIDANCE FOR UNCERTAINTY IN INCOME TAXES USING THE PROVISIONS OF FASB ASC 740, INCOME TAXES. USING THAT GUIDANCE, TAX POSITIONS INITIALLY NEED TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS WHEN IT IS MORE-LIKELY-THAN-NOT THE POSITION WILL BE SUSTAINED UPON EXAMINATION BY TAX AUTHORITIES. AS OF JUNE 30, 2024 AND 2023, THE ORGANIZATION HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PART XI, LINE 4B - OTHER ADJUSTMENTS: INTEREST EXPENSE TO PART XII 359,381. CHANGE IN VALUE-PERPETUAL TRUST -5,730. PART XII, LINE 4B - OTHER ADJUSTMENTS: INTEREST EXPENSE FROM PART XI 359,381. GOOD NEIGHBOR 138477 85850 52627 37027 5510 43535 138477 85850 52627 37027 5510 43535 86072 -33445 X X X 0 0 0 0 0 0 0 0 0 TIMOTHY S FALLON PRESIDENT/CEO 270570 0 0 0 0 0 5250 0 23862 0 299682 0 0 0 YONATHAN GREENBAUM CHIEF CONTENT OFFICER 232621 0 0 0 0 0 8222 0 23942 0 264785 0 0 0 ANDREA CUMMIS CHIEF TECHNOLOGY OFFICER 192755 0 0 0 0 0 7477 0 23862 0 224094 0 0 0 ARTHUR TROCCOLI CHIEF FINANCIAL OFFICER 203249 0 0 0 0 0 7892 0 1318 0 212459 0 0 0 PART I, LINE 3 THE ORGANIZATION'S BOARD OF DIRECTORS DETERMINE COMPENSATION OF THE TOP EXECUTIVE THROUGH COMPARABILITY DATA, SUBSTANTIATION AND DELIBERATION AND A REVIEW OF THE COMPENSATION BY INDEPENDENT PERSONS. JAMIE MUSSELMAN HUSBAND OWNS EDWARDS BUSINESS SYSTEMS 21445 COPIER RENTALS/SUPPLIES 0 FORM 990, PART VI, SECTION A, LINE 2 JAMIE MUSSELMAN'S HUSBAND'S BUSINESS IS EDWARDS BUSINESS MACHINES. WLVT PURCHASES EQUIPMENT AND SERVICES FROM THEM. TODD DONNELLY'S BUSINESS CONDUCTS SERVICES FOR WLVT. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S FORM 990 WILL BE REVIEWED PRIOR TO FILING BY THE CEO AND CFO. AFTER THIS, THE FORM 990 IS THEN DISEMINATED BETWEEN BOARD MEMBERS THROUGH E-MAIL PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S PRESIDENT AND CEO MONITORS FOR CONFLICT OF INTEREST AND REQUIRES ALL BOARD MEMBERS TO COMPLETE A CONFLICT OF INTEREST WAIVER ANNUALLY. FURTHER, THE BOARD MONITORS EACH OTHER FOR POTENTIAL CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION DETERMINES OFFICER COMPENSATION THROUGH COMPARABILITY DATA, SUBSTANTIATION AND DELIBERATION AND A REVIEW OF THE COMPENSATION BY INDEPENDENT PERSONS. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION MAKES AVAILABLE COPIES OF IRS FORM 990 UPON REQUEST. THE ORGANIZATION FILED ITS FORM 1023 BEFORE JULY 1987 AND IS EXEMPT FROM THE IRS REQUIREMENT OF SUPPLYING OR SHOWING ITS FORM 1023 TO ANYONE REQUESTING THIS DOCUMENT. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES AVAILABLE TO THE PUBLIC ALL OF THE GOVERNING DOCUMENTS SUCH AS THE CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS UPON REQUEST AT THE ORGANIZATION'S CORPORATE OFFICE. FORM 990, PART IX, LINE 11G CONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 1,018,723. MANAGEMENT AND GENERAL EXPENSES 88,096. FUNDRAISING EXPENSES 408,831. TOTAL EXPENSES 1,515,650. STEELSTACKS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 499. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 499. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF PERPETUAL TRUST 5,730. FORM 990 PART XI LINE 2C THE ORGANIZATION'S BOARD OF DIRECTORS SELECTS THE INDEPENDENT AUDITOR AND THE COMPENSATION OF THE AUDITOR. WLVT RE INC 839 SESAME STREET BETHLEHEM PA 18015 274185043 TO HOLD TITLE TO PROPERTY FOR LV PUBLIC TELECOMMUNICATIONS CORPORATION PA 501(C)(2) LV PUBLIC TELECOMMUNICATIONS CORPORATION 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 WLVT RE INC K 240000 LEASE AGREEMENT