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Nonprofit · EIN 20-4198589

INDEPENDENT TELEVISION FESTIVALINCORPORATED

Tax-exempt · ROSEMOUNT, MN 55068

Financials

$174K$259K2023$74K$156K2024
Revenue Expenses · by fiscal year end
Financials of INDEPENDENT TELEVISION FESTIVALINCORPORATED by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$74,405$156,317-$81,912$33,367$833,385-$800,018
December 31, 2023990$174,027$258,936-$84,909$24,870$739,763-$714,893
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$39,606
of which government grants
$26,401
Program service revenue
$34,689
Investment income
$0
Net income from sales of inventory
$110
Other revenue
$110

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$22,917
Other salaries and wages
$54,163
Salaries, compensation and benefits (total)
$85,245
Professional fundraising fees
$0
Accounting fees
$2,583
Occupancy
$932
Travel
$6,698
Program services (functional)
$140,492
Management and general (functional)
$15,825

Balance sheet and other

Total assets, start of year
$24,870
Total assets, end of year
$33,367
Total liabilities, end of year
$833,385
Net assets, end of year
-$800,018
Net assets without donor restrictions
-$800,018
Gross receipts
$74,405
Employees
3
Volunteers
15
Year formed
2006
State of legal domicile
MN

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
PHILIP GILPIN JRCEO/EXECUTIVE DIRECTOR
Officer
50$22,917
STEVEN ADAMSBOARD MEMBER (THRU 02/2024)
Trustee or director
1$0
JEFFREY KURZBOARD MEMBER
Trustee or director
1$0
WALTER LEHMANNBOARD MEMBER (THRU 02/2024)
Trustee or director
1$0
SOFIA MONROEBOARD MEMBER
Trustee or director
1$0
PRIYANKA PRUTHIBOARD MEMBER
Trustee or director
1$0
ELVIN ROSSBOARD MEMBER
Trustee or director
1$0
990 for the year ended December 31, 2023: 7 people
NameTitleHours / weekCompensation
PHILIP GILPIN JRCEO/EXECUTIVE DIRECTOR
Officer
50$16,667
STEVEN ADAMSBOARD MEMBER
Trustee or director
1$0
JEFFREY KURZBOARD MEMBER
Trustee or director
1$0
WALTER LEHMANNBOARD MEMBER
Trustee or director
1$0
SOFIA MONROEBOARD MEMBER
Trustee or director
1$0
PRIYANKA PRUTHIBOARD MEMBER
Trustee or director
1$0
ELVIN ROSSBOARD MEMBER
Trustee or director
1$0

Address and contacts

Address (IRS master file)
2409 BIRCH ST W, ROSEMOUNT, MN 55068-4980
In care of
% PHILLIP GILPIN
Mailing address (990-N for 2012)
3843 Sunswept Drive, Studio City CA 91604
Principal officer (990 for 2024)
PHILIP GILPIN JR, 2409 BIRCH STREET W, ROSEMOUNT, MN 55068
Principal officer (990-N for 2012)
Adam Tesler, 3843 Sunswept Drive, Studio City CA 91604
Signed the 990
PHILIP GILPIN JR, CEO/EXECUTIVE DIRECTOR
Phone
(218) 208-0140
Return prepared by
WIPFLI ADVISORY LLC

Mission

CATALYST IS A CHAMPION OF INDEPENDENT ARTISTS AND A CURATOR OF NARRATIVE STORIES WHOSE MISSION IS TO ADVANCE ARTISTIC CAREERS, AND AUDIO, VISUAL AND LITERARY WORKS.

990 for the year ended December 31, 2024

Program accomplishments

  • THE 2024 CATALYST CONTENT FESTIVAL TOOK PLACE OCTOBER 2 - OCTOBER 6, 2024. THE 2024 FESTIVAL PARTNERED WITH THE DULUTH SUPERIOR FILM FESTIVAL, MINNESOTA WEBFEST, AND EDU FEST TO BRING AN EXPANDED RANGE OF CONTENT AND NETWORKING OPPORTUNITIES TO THEIR COMBINED AUDIENCES. ATTENDANCE OF CONTENT CREATORS, INDUSTRY EXECUTIVES, AND THE GENERAL PUBLIC AUDIENCE TOTALED AT OVER 600. OVER 35 SHOWS WERE SCREENED, 25 SCRIPTS PRESENTED, 25 PITCHES GIVEN, AND 2 PODCASTS PLAYED. IT ALSO INCLUDED 12 EDUCATIONAL PANELS, SEMINARS, AND WORKSHOPS.
    Expenses $78,366 · revenue $20,824
  • EDUCATIONAL COURSES ON A VARIETY OF INDUSTRY TOPICS INCLUDING ACTING, WRITING, DIRECTING, PRODUCING, CINEMATOGRAPHY, AND CREW JOBS WERE HELD THROUGHOUT THE YEAR, IN ADDITION TO IN-PERSON CLASSES, PANELS AND NETWORKING EVENTS. THE INSTITUTE HAD OVER 100 INDIVIDUALS PARTAKING IN VARIOUS VIRTUAL AND IN-PERSON OFFERINGS THROUGHOUT THE YEAR. WE EXPANDED OUR OFFERINGS TO NEW ORLEANS, LOUISIANA IN PARTNERSHIP WITH EROSS STUDIOS AND DILLARD UNIVERSITY. WE ALSO BEGAN OUR FIRST IN-PERSON COURSES INTERNATIONALLY WITH ACTING AND WRITING CLASSES HELD IN TIRANA, ALBANIA.
    Expenses $62,126 · revenue $13,865

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

File the 2025 990-EZ for INDEPENDENT TELEVISION FESTIVALINCORPORATED

Due May 15, 2026 · e-filed with the IRS by 990.tax, an IRS-authorized e-file provider

IRS record

EIN
20-4198589
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2006
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B990)
Assets (IRS master file)
$33,367
Income (IRS master file)
$74,405

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$74,405$156,317$33,367IRS
990December 2023$174,027$258,936$24,870XML
990December 2022$293,734$517,810$20,204IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990-N for 2012
Officer: Adam Tesler
December 31, 2012≤ $50,000 receipts––e-Postcard

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-4198589).

Questions about INDEPENDENT TELEVISION FESTIVALINCORPORATED

What is the EIN of INDEPENDENT TELEVISION FESTIVALINCORPORATED?
The employer identification number (EIN) of INDEPENDENT TELEVISION FESTIVALINCORPORATED is 20-4198589.
Is INDEPENDENT TELEVISION FESTIVALINCORPORATED tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2006.
Are donations to INDEPENDENT TELEVISION FESTIVALINCORPORATED tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does INDEPENDENT TELEVISION FESTIVALINCORPORATED file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of INDEPENDENT TELEVISION FESTIVALINCORPORATED due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did INDEPENDENT TELEVISION FESTIVALINCORPORATED last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of INDEPENDENT TELEVISION FESTIVALINCORPORATED?
The 990 for the year ended December 31, 2024 names PHILIP GILPIN JR.
Who are the officers and directors of INDEPENDENT TELEVISION FESTIVALINCORPORATED?
The 990 for the year ended December 31, 2024 lists 7 people; 1 received compensation from the organization, the highest $22,917 (PHILIP GILPIN JR, CEO/EXECUTIVE DIRECTOR).
How much revenue does INDEPENDENT TELEVISION FESTIVALINCORPORATED have?
On its 990 for the year ended December 31, 2024 it reported revenue of $74,405, expenses of $156,317 and total assets of $33,367 at year end.

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