TOTAL REVENUE - FISCAL 2025
$26,121,594
Up 4.7% from $24,944,529 in fiscal 2024.
Channel One Inc
Rochester, Minnesota - EIN 41-1379713 - Latest filing: fiscal 2025 (Jul 1, 2024 - Jun 30, 2025)
HOW TO READ THIS PAGE
How to read this page: every figure below is from the fiscal-2025 Form 990, filed May 5, 2026. People named below are shown as reported on the fiscal-2025 Form 990, filed May 5, 2026 - the filing is a snapshot of that fiscal year, not a list of current officeholders.
THE FILING IN ONE PARAGRAPH
Channel One Inc reported $26,121,594 in revenue and $27,919,312 in expenses in fiscal 2025, a deficit of $1,797,718 for the year. Program services took $26,589,132 of expenses, or 95.2%. The organization closed the year with $6,750,635 in net assets - about 2.9 months of expenses at the fiscal-2025 spending level.
At a Glance - Fiscal 2025
All values are fiscal 2025 unless a tile says otherwise.
TOTAL EXPENSES - FISCAL 2025
$27,919,312
Revenue minus expenses: -$1,797,718 in fiscal 2025.
PROGRAM EXPENSE SHARE - FISCAL 2025
95.2%
$26,589,132 of $27,919,312 went to program services.
NET ASSETS - END OF FISCAL 2025
$6,750,635
Total assets $7,103,767 minus total liabilities $353,132.
TOP EXECUTIVE PAY - FISCAL 2025
$135,171
Virginia Witherspoon, Executive Director, as reported on the fiscal-2025 Form 990, filed May 5, 2026. Total across all compensation columns.
PEOPLE REPORTED - FISCAL 2025
58 Employees
Plus 1,293 volunteers reported on the fiscal-2025 Form 990.
Money In, Money Out - Fiscal 2025
Revenue and expenses as reported on the fiscal-2025 Form 990, filed May 5, 2026. Donated goods are separated from cash so food and supply donations do not read as cash income.
Where the Money Went - Fiscal 2025
Management and general is the figure reported on the filing (Part IX total); where a filing does not carry it, it is computed as the residual of total expenses minus program and fundraising expenses. Cost to raise a dollar in fiscal 2025: $0.03 - $831,732 in fundraising expenses divided by $23,897,348 in total contributions. On cash contributions only: $0.13.
Where the Money Came From - Fiscal 2025
| Source | Fiscal 2025 |
|---|---|
| Total Contributions | $23,897,348 |
| Of Which Cash Contributions | $6,233,747 |
| Of Which Donated Goods (Noncash) | $17,663,601 |
| Federated Campaigns | $31,000 |
| Fundraising Events | $230,852 |
| Government Grants | $1,571,919 |
| All Other Contributions | $22,063,577 |
| Program Service Revenue | $2,123,492 |
| Investment Income | $111,601 |
| Other Revenue | -$10,847 |
| Total Revenue (All Sources) | $26,121,594 |
Donated Goods Are a Large Share Here
For this organization, donated goods were $17,663,601 of $23,897,348 in contributions in fiscal 2025 - a large share of reported contributions is goods valued in dollars, not cash. The cash and noncash split is shown above, and any cost-to-raise-a-dollar figure is shown both ways.
Reserves and Balance Sheet - Fiscal 2025
Reserves and Runway
2.9 Months
of reserves - $6,750,635 in net assets at the end of fiscal 2025, divided by average monthly expenses of about $2,326,609 in fiscal 2025.
Net assets can include donor-restricted funds, buildings and other assets that cannot be spent like cash. Treat months of reserves as a scale measure, not as cash in the bank.
Balance Sheet - End of Fiscal 2025
| Total Assets | $7,103,767 |
| Total Liabilities | $353,132 |
| Liabilities as Share of Assets | 5.0% |
| Net Assets | $6,750,635 |
Leadership Pay - Fiscal 2025
Pay is the summed total across all compensation columns on the Form 990 - pay from the organization, pay from related organizations, and other compensation. People are shown as reported on the fiscal-2025 Form 990, filed May 5, 2026.
| Name and Title, as Reported | Total Pay - Fiscal 2025 | Share of Expenses |
|---|---|---|
| Virginia Witherspoon - Executive Director | $135,171 | 0.48% |
The full Part VII table lists every officer, director, trustee and key employee named on the filing, with hours and the same summed total. Compensation is reported for the calendar year ending within the fiscal year, per the Form 990.
Board and Governance - Fiscal 2025
Board and policy answers as reported on the fiscal-2025 Form 990, filed May 5, 2026.
Board Roster - as Reported on the Fiscal-2025 Form 990
15 voting members, 15 independent - independence count as reported on the fiscal-2025 Form 990.
| Name, as Reported | Role, as Reported |
|---|---|
| Virginia Witherspoon | Executive Director |
| Holden Lewis | Board Chair-Part Year |
| Paul Mackin | Board Chair |
| Melissa Dickison | Vice Chair |
| Tom Leimer | Treasurer |
| Angie Ames | Director |
| Sara Carlson | Director |
| Ben Mulholland | Director |
| Tamim Rajjo | Director |
| Andy Danielsen | Director |
| Gema Alvarado-Guerrero | Director |
| Stephanie Fisher | Director |
| Anthony Broersma | Director |
| Benjamin Bergstrom | Director-Part Year |
| Michael Zirbes | Director-Part Year |
| Roger Hofer | Director-Part Year |
| Ryan Ringel | Director-Part Year |
| Tyler Yule | Director-Part Year |
Governance Policy Flags - Fiscal 2025
Conflict of Interest PolicyYes - Reported
Whistleblower PolicyYes - Reported
Document Retention PolicyYes - Reported
Audited Financial StatementsYes - Reported
Audit CommitteeYes - Reported
Board Size and Independence15 voting / 15 independent
Flags report what the organization answered on the Form 990. A Yes means the policy was reported on the filing; it is not an outside review of how the policy works in practice.
Grants - Fiscal 2025
Grants Made - Fiscal 2025
This organization reported $23,683,231 in grants paid in fiscal 2025.
| Recipient, as Reported | Amount |
|---|---|
| Alden Area Food Shelf FOOD AND NON FOOD ITEMS | $0 |
| Area Food Shelf Of New Richland FOOD AND NON FOOD ITEMS | $0 |
| Area Neighborhood Service Center Inc FOOD AND NON FOOD ITEMS | $0 |
| Cannon Falls Food Shelf Inc FOOD AND NON FOOD ITEMS | $0 |
| Cedar Creek Church FOOD AND NON FOOD ITEMS | $0 |
| Community Action Center Of Northfield FOOD AND NON FOOD ITEMS | $0 |
| Community Partners Of Faribault County FOOD AND NON FOOD ITEMS | $0 |
| Community Pathways FOOD AND NON FOOD ITEMS | $0 |
| Comunidades Latinas Unidas En Servicio FOOD AND NON FOOD ITEMS | $0 |
| Ellendale United Methodist Church FOOD AND NON FOOD ITEMS | $0 |
| Family Service Rochester FOOD AND NON FOOD ITEMS | $0 |
| First Presbyterian Church FOOD AND NON FOOD ITEMS | $0 |
| Front And Center Ministries Inc FOOD AND NON FOOD ITEMS | $0 |
| Grand Meadow Faith Community Food Shelf FOOD AND NON FOOD ITEMS | $0 |
| Hometown Resource Center FOOD AND NON FOOD ITEMS | $0 |
| Hosanna'S Pantry FOOD AND NON FOOD ITEMS | $0 |
| Houston Community Food Shelf FOOD AND NON FOOD ITEMS | $0 |
| La Crescent Area Healthy Community Partnership FOOD AND NON FOOD ITEMS | $0 |
| La Crosse Area Family YMCA Inc FOOD AND NON FOOD ITEMS | $0 |
| Lake City Food Shelf Inc FOOD AND NON FOOD ITEMS | $0 |
| Leroy Area Ministerial Association FOOD AND NON FOOD ITEMS | $0 |
| Lifegate Services FOOD AND NON FOOD ITEMS | $0 |
| Lonsdale Area Food Shelf Inc FOOD AND NON FOOD ITEMS | $0 |
| Mazeppa Area Food Shelf FOOD AND NON FOOD ITEMS | $0 |
| Minnesota State College Southeast Foundation FOOD AND NON FOOD ITEMS | $0 |
| Oasis Church FOOD AND NON FOOD ITEMS | $0 |
| Oronoco Food Shelf FOOD AND NON FOOD ITEMS | $0 |
| Our Saviors Owatonna FOOD AND NON FOOD ITEMS | $0 |
| Pine Island Sharing Shelves FOOD AND NON FOOD ITEMS | $0 |
| Plainview-Elgin Area Food Shelf Inc FOOD AND NON FOOD ITEMS | $0 |
| Racine United Methodist Church FOOD AND NON FOOD ITEMS | $0 |
| Red Wing Area Food Shelf FOOD AND NON FOOD ITEMS | $0 |
| Rochester Community Church FOOD AND NON FOOD ITEMS | $0 |
| Rocheter Area Foundation FOOD AND NON FOOD ITEMS | $0 |
| Second Harvest Heartland FOOD AND NON FOOD ITEMS | $0 |
| Semcac Inc FOOD AND NON FOOD ITEMS | $0 |
| Society Of Vincent De Paul FOOD AND NON FOOD ITEMS | $0 |
| South Troy Wesleyan Church FOOD AND NON FOOD ITEMS | $0 |
| Southern Minnesota Women Centerrachel'S Hope FOOD AND NON FOOD ITEMS | $0 |
| Spring Valley Ministerial Association Inc FOOD AND NON FOOD ITEMS | $0 |
| St Elizabeth Ann Seton Catholic Church FOOD AND NON FOOD ITEMS | $0 |
| The Food Group FOOD AND NON FOOD ITEMS | $0 |
| The Salvation Army Albert Lea FOOD AND NON FOOD ITEMS | $0 |
| The Salvation Army Austin FOOD AND NON FOOD ITEMS | $0 |
| The Salvation Army Rochester Citadel FOOD AND NON FOOD ITEMS | $0 |
| Trinity Lutheran Church FOOD AND NON FOOD ITEMS | $0 |
| Trinity Lutheran Church FOOD AND NON FOOD ITEMS | $0 |
| United Way Of Freeborn County FOOD AND NON FOOD ITEMS | $0 |
| Wabasha Area Food Share Inc FOOD AND NON FOOD ITEMS | $0 |
| Wafer FOOD AND NON FOOD ITEMS | $0 |
| Wells Area Food Shelf FOOD AND NON FOOD ITEMS | $0 |
| Winona Volunteer Services FOOD AND NON FOOD ITEMS | $0 |
| Zumbrota Area Emergency Shelf Inc FOOD AND NON FOOD ITEMS | $0 |
Trend - Revenue
Years are shown only where a filing is held. Missing years are absent, never filled in.
| Fiscal Year | Revenue | Change |
|---|---|---|
| Fiscal 2024 (Prior-Year Column on the Fiscal-2025 Filing) | $24,944,529 | - |
| Fiscal 2025 | $26,121,594 | +4.7% |
This table grows to a 10-year view (revenue, expenses, net assets and top pay) as earlier filings for this organization are added to the record. Missing years are absent, never filled in.
Filings on Record
| Tax Period | Form | Status | Source |
|---|---|---|---|
| Jul 1, 2024 - Jun 30, 2025 | Form 990 | In Force - Filed May 5, 2026 | Original Filing at the IRS |
If an amended return is filed, the newest amended return supersedes the earlier one and the table marks which filing is in force.