Mscnetwork Inc Next Tv
Mscnetwork Inc Next Tv experiences significant revenue decline in 2020, maintaining zero liabilities and officer compensation.
EIN: 161686322 · Homewood, IL · NTEE: A32 · Updated: 2026-03-28
About Mscnetwork Inc Next Tv
Mscnetwork Inc Next Tv (EIN: 161686322) is a nonprofit organization based in Homewood, IL, classified under NTEE code A32. The organization reported total revenue of $414K and total assets of $228K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mscnetwork Inc Next Tv's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Mscnetwork Inc Next Tv with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Mscnetwork Inc Next Tv allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Mscnetwork Inc Next Tv reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its officers, which is highly unusual for an organization of its size and revenue levels. This suggests a volunteer-led executive structure or that compensation is reported under other expense categories, warranting further investigation for complete transparency.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Mscnetwork Inc Next Tv's IRS 990 filings:
- Significant and sudden revenue decline in the most recent fiscal year (2020)
- Unusually low (0%) officer compensation, which may indicate volunteer leadership or incomplete reporting of executive benefits.
Strengths
The following positive indicators were identified for Mscnetwork Inc Next Tv:
- Consistent zero liabilities across all reported periods, indicating strong financial management and no debt.
- Consistent zero officer compensation, suggesting a high dedication to mission over executive pay.
- Positive asset growth from negative in 2017 to $227,753 in 2020.
Frequently Asked Questions about Mscnetwork Inc Next Tv
What caused the significant revenue drop from $2,626,903 in 2019 to $413,847 in 2020?
The provided data does not specify the reasons for the revenue decline, but it is a critical area for further inquiry to understand the organization's financial stability and future outlook.
How does Mscnetwork Inc Next Tv manage to operate with 0% officer compensation?
The consistent reporting of zero officer compensation suggests a volunteer-led executive team or that executive compensation is categorized differently within their expenses. This practice, while seemingly efficient, could also indicate a lack of professional staffing or an incomplete reporting of all compensation.
What are the primary program activities of Mscnetwork Inc Next Tv given its NTEE code A32 (Television)?
The NTEE code A32 indicates the organization is involved in Television. Further details on specific programs would require reviewing the full IRS 990 form's program service accomplishments section.
Filing History
IRS 990 filing history for Mscnetwork Inc Next Tv showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2017–2020), Mscnetwork Inc Next Tv's revenue has declined by 61.4%, moving from $1.1M to $414K. Total functional expenses fell by 65.8%, from $1.2M to $413K. In its most recent filing year (2020), Mscnetwork Inc Next Tv reported a surplus of $955, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2020 | $414K | $413K | $228K | $0 | — | View 990 |
| 2019 | $2.6M | $2.4M | $227K | $0 | — | View 990 |
| 2018 | $1.7M | $1.5M | $42K | $0 | — | View 990 |
| 2017 | $1.1M | $1.2M | $-132,712 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $414K, expenses of $413K, and assets of $228K (revenue -84.2% year-over-year).
- 2019: Revenue of $2.6M, expenses of $2.4M, and assets of $227K (revenue +54.8% year-over-year).
- 2018: Revenue of $1.7M, expenses of $1.5M, and assets of $42K (revenue +58.1% year-over-year).
- 2017: Revenue of $1.1M, expenses of $1.2M, and assets of $-132,712.
Data Sources and Methodology
This transparency report for Mscnetwork Inc Next Tv is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.