2025-05-13T11:45:14-05:00 2024-06-30 410746749 CLIFTONLARSONALLEN LLP 1525 VALLEY CENTER PARKWAY STE 300 BETHLEHEM PA 180172285 990 2023-07-01 274185043 WLVT RE INC WLVT 6108674677 839 SESAME STREET BETHLEHEM PA 18015 YONI GREENBAUM VP OF OPERATIONS 6108674677 2025-05-12 1 0 CARY J GIACALONE II CPA P01799465 6104335501 2025-05-12 2023 2025-03-06 01:10:19Z STEPHEN BUDIHAS 839 SESAME STREET BETHLEHEM PA 18015 240000 0 X N/A X 2010 PA TO HOLD TITLE TO PROPERTY, COLLECT INCOME AND TURN OVER, LESS EXPENSES, TO RELATED ENTITY. 7 7 0 0 0 0 0 0 240000 240000 0 0 0 0 240000 240000 0 0 0 0 0 0 0 0 0 371356 371567 371356 371567 -131356 -131567 10965159 10835257 0 1665 10965159 10833592 TO HOLD TITLE TO PROPERTY, COLLECTING THE INCOME THEREFROM AND TURNING OVER THE ENTIRE AMOUNT THEROF, LESS EXPENSES, EXCLUSIVELY TO LEHIGH VALLEY PUBLIC TELECOMMUNICATIONS CORPORATION ("LVPT"). 0 0 335927 240000 TO HOLD TITLE TO PROPERTY, COLLECTING THE INCOME THEREFROM AND TURNING OVER THE ENTIRE AMOUNT THEROF, LESS EXPENSES, EXCLUSIVELY TO LEHIGH VALLEY PUBLIC TELECOMMUNICATIONS CORPORATION ("LVPT"). 335927 0 0 0 0 0 0 0 0 0 1 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X STEPHEN BUDIHAS 6108674677 839 SESAME STREET BETHLEHEM PA 18015 TIMOTHY FALLON PRESIDENT/CEO 1.00 39.00 X X 0 270570 29112 ARTHUR TROCCOLI CFO 1.00 39.00 X X 0 203249 9210 SUSAN YEE CHAIR 1.00 2.00 X X 0 0 0 JOHN EUREYECKO VICE CHAIR 1.00 2.00 X X 0 0 0 GREGORY PAUL TREASURER 1.00 1.00 X X 0 0 0 DR WILLIAM GAUDELLI SECRETARY 1.00 2.00 X X 0 0 0 JAMIE MUSSELMAN DIRECTOR 1.00 1.00 X 0 0 0 DAVID WILLARD DIRECTOR 1.00 2.00 X 0 0 0 STEVEN THOMPSON DIRECTOR 1.00 0.00 X 0 0 0 0 473819 38322 0 0 1 0 0 LEASE INCOME 532000 240000 240000 240000 240000 240000 0 0 2416 369151 371567 42 13897340 4706668 9559822 9190672 1405295 1644585 10965159 10835257 1665 0 1665 X 10965159 10833592 10965159 10833592 10965159 10835257 -131567 0 X X 0 1 X 1 0 949471 949471 12042244 3936887 8105357 905625 769781 135844 9190672 ADVANCE TO RELATED PARTY 1644585 1644585 X PART X, LINE 2: NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE FINANCIAL STATEMENTS SINCE WLVT RE IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(2) 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. 0 0 0 TIMOTHY FALLON PRESIDENT/CEO 0 270570 0 0 0 0 0 5250 0 23862 0 299682 0 0 ARTHUR TROCCOLI CFO 0 203249 0 0 0 0 0 7892 0 1318 0 212459 0 0 PART I, LINE 3 THE ORGANIZATION'S RELATED PARTY - LV PUBLIC TELECOMMUNICATIONS CORP. DETERMINES COMPENSATION OF THE TOP EXECUTIVES THROUGH COMPARABILITY DATA, SUBSTANTIATION AND DELIBERATION AND A REVIEW OF THE COMPENSATION BY INDEPENDENT PERSONS. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S 990 WILL BE REVIEWED PRIOR TO FILING BY THE PRESIDENT. AFTER REVIEW BY THE PRESIDENT THE FORM 990 IS THEN DISSEMINATED BETWEEN THE BOARD MEMBERS THROUGH AN E-MAIL FOR COMMENT PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S PRESIDENT MONITORS FOR CONFLICTS WITH VENDORS. THE BOARD ALSO MONITORS EACH OTHER FOR POTENTIAL CONFLICTS. ALL OFFICERS AND DIRECTORS ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST FORM ANNUALLY, COMPLIANCE WITH WHICH IS MONITORED BY THE BOARD PRESIDENT. 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 FORMS 990 AND 1023 UPON REQUEST. 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 XI LINE 2C THE ORGANIZATION'S BOARD OF DIRECTORS SELECTS THE INDEPENDENT AUDITOR AND THE COMPENSATION OF THE AUDITOR. LV PUBLIC TELECOMMUNICATIONS CORPORATION 839 SESAME STREET BETHLEHEM PA 18015 231642883 TO EDUCATE, INSPIRE, INFORM, ENTERTAIN AND STIMULATE THE EXCHANGE OF IDEAS. PA 501(C)(3) LINE 7 N/A 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0