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Nonprofiteer
← NEW WAVE CORPORATION

Form 990 for tax year 2023

Filed by NEW WAVE CORPORATION.

Totals

Total revenue
$498,507
Total expenses
$402,156
Contributions and grants received
$455,861
Grants paid
$0
Program service revenue
$38,176
Investment income
$4,333
Other revenue
$137
Total assets, end of year
$917,035
Total liabilities, end of year
$105,340
Net assets or fund balances, end of year
$811,695
Program services expenses (Part IX)
$297,088
Management and general expenses
$97,255
Fundraising expenses
$7,813
Program service expenses (Part III)
$297,088

Program services were 73.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $18,957

  • 1f · All other contributions, gifts and grants

    $436,904

  • 1g · Noncash contributions included above

    $149,378

  • 2a · Program service revenue: UNDERWRITING

    total $38,176 · related or exempt $38,176

  • 3 · Investment income

    total $4,333 · excluded $4,333

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: MISCELLENEOUS

    total $137 · related or exempt $137

  • 11e · Other revenue, total

    $137

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $48,792 · program services $30,946 · management and general $16,663 · fundraising $1,183

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $68,596 · program services $46,096 · management and general $22,500

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $7,953 · program services $5,169 · management and general $2,784

  • 10 · Payroll taxes

    total $10,454 · program services $6,795 · management and general $3,659

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $9,200 · program services $6,256 · management and general $2,944

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $955 · program services $705 · fundraising $250

  • 12 · Advertising and promotion

    total $388 · program services $388

  • 13 · Office expenses

    total $4,168 · program services $2,834 · management and general $1,334

  • 14 · Information technology

    total $6,130 · program services $4,904 · management and general $1,226

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $15,568 · program services $12,454 · management and general $3,114

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $3,040 · program services $2,432 · management and general $608

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $20,463 · program services $16,391 · management and general $4,072

  • 23 · Insurance

    total $872 · management and general $872

  • 24a · Other expenses: INKIND GOODS AND SERVICES

    total $145,328 · program services $107,659 · management and general $36,284 · fundraising $1,385

  • 24b · Other expenses: PRODUCTION EXPENSE

    total $31,542 · program services $31,542

  • 24c · Other expenses: BROADCAST EXPENSE

    total $17,741 · program services $17,741

  • 24d · Other expenses: FUNDRAISING EXPENSES

    total $4,995 · fundraising $4,995

  • 24e · All other expenses

    total $5,971 · program services $4,776 · management and general $1,195

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $16,865 · end of year $101,405

  • 2 · Savings and temporary cash investments

    beginning of year $240,145 · end of year $229,879

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $120 · end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,305 · end of year $5,078

  • 10a · Land, buildings and equipment: cost or other basis

    $802,404

  • 10b · Land, buildings and equipment: accumulated depreciation

    $223,128

  • 10c · Land, buildings and equipment, net

    beginning of year $591,154 · end of year $579,276

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    beginning of year $1,731 · end of year $1,396

  • 15 · Other assets

    end of year $1

  • 17 · Accounts payable and accrued expenses

    beginning of year $12,574 · end of year $19,897

  • 23 · Secured mortgages and notes payable

    beginning of year $128,402 · end of year $85,443

  • 27 · Net assets without donor restrictions

    beginning of year $715,344 · end of year $811,695

Mission and programs · 2023

Mission

LISTENER-SUPPORTED COMMUNITY PUBLIC RADIO STATION COMMITTED TO EDUCATING AND ENRICHING THE LIVES OF ITS MEMBERSHIP AND THE COMMUNITY IT SERVES.

  • The New Wave Corporation operates KOPN 89.5 FM, a non-commercial, listener-supported community radio station broadcasting 24/7 to thousands of urban and rural listeners in central Missouri. Programming includes national news and analysis and locally produced programs covering diverse musical genres, local issues and events, the arts, emerging technologies, food and nutrition, farming, and health. The New Wave Corporation provides a neutral forum for the discussion of issues important to the community at large, training in radio production, and community service opportunities through participation with the local court system.

    Expenses $297,088

As filed on the 2023 return.

Listed in Part VII

  • Dylan Martin

    GENERAL MANAGER

    Total calculated
    $48,792
    From this org
    $48,792
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • T Sharif Abdul Hakim

    Director

    Total calculated
    $0
    Hours/week
    2
  • Martha Daniels

    Director

    Total calculated
    $0
    Hours/week
    2
  • Edward Herrmann

    President

    Total calculated
    $0
    Hours/week
    5
  • Heather O'Connor

    Director

    Total calculated
    $0
    Hours/week
    2
  • Gordon Rogers

    Secretary

    Total calculated
    $0
    Hours/week
    5
  • Matthew Crook

    Director

    Total calculated
    $0
    Hours/week
    2
  • Nancy Silver

    Vice President

    Total calculated
    $0
    Hours/week
    5
  • Austin Dey

    Director

    Total calculated
    $0
    Hours/week
    2
  • Linda S Day

    Treasurer

    Total calculated
    $0
    Hours/week
    5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
26 June 2025
IRS schema version
2023v6.0
Source object
202531779349300538

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