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← BEACON BROADCASTING CORPORATION

Form 990 for tax year 2023

Filed by BEACON BROADCASTING CORPORATION.

Totals

Total revenue
$201,387
Total expenses
$148,336
Contributions and grants received
$140,824
Grants paid
$0
Program service revenue
$0
Investment income
$24,513
Other revenue
$36,050
Total assets, end of year
$577,826
Total liabilities, end of year
$2,415
Net assets or fund balances, end of year
$575,411
Program services expenses (Part IX)
$80,637
Management and general expenses
$56,560
Fundraising expenses
$11,139
Program service expenses (Part III)
$80,637

Program services were 54.4% 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.

  • 1f · All other contributions, gifts and grants

    $140,824

  • 3 · Investment income

    total $24,513 · related or exempt $24,513

  • 11a · Other revenue: TRANSLATOR RENTAL

    total $36,050 · related or exempt $36,050

  • 11e · Other revenue, total

    $36,050

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $67,288 · program services $33,644 · management and general $33,644

  • 10 · Payroll taxes

    total $5,598 · program services $2,799 · management and general $2,799

  • 11a · Fees: management

    total $1,200 · management and general $1,200

  • 11b · Fees: legal

    total $4,572 · management and general $4,572

  • 11c · Fees: accounting

    total $3,175 · management and general $3,175

  • 11g · Fees: other

    total $594 · management and general $594

  • 12 · Advertising and promotion

    total $11,139 · fundraising $11,139

  • 13 · Office expenses

    total $1,196 · program services $510 · management and general $686

  • 14 · Information technology

    total $1,964 · management and general $1,964

  • 16 · Occupancy

    total $20,413 · program services $20,413

  • 22 · Depreciation, depletion and amortization

    total $10,345 · program services $10,345

  • 23 · Insurance

    total $5,905 · program services $5,137 · management and general $768

  • 24a · Other expenses: LICENSING AND FEES

    total $6,728 · program services $4,728 · management and general $2,000

  • 24b · Other expenses: PROGRAMMING

    total $2,965 · program services $2,965

  • 24c · Other expenses: MISCELLANEOUS

    total $2,513 · management and general $2,513

  • 24d · Other expenses: CONTRACT LABOR

    total $1,500 · management and general $1,500

  • 24e · All other expenses

    total $1,241 · program services $96 · management and general $1,145

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $156,709 · end of year $100,299

  • 2 · Savings and temporary cash investments

    beginning of year $358,558 · end of year $429,306

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

    $265,825

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

    $217,604

  • 10c · Land, buildings and equipment, net

    beginning of year $9,556 · end of year $48,221

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,463 · end of year $2,415

  • 27 · Net assets without donor restrictions

    beginning of year $522,360 · end of year $575,411

Mission and programs · 2023

Mission

BEACON BROADCASTING CORPORATION'S MAIN FUNCTIONS IS THE OPERATING OF A RADIO BROADCASTING STATION WHICH PROVIDES RELIGIOUSLY-ORIENTED MUSIC AND EDUCATIONAL PROGRAMS.

  • PUBLISHED, RECORDED & DESSEMINATED RELIGIOUS LITERATURE, RELIGIOUSLY- ORIENTED MUSIC AND EDUCATIONAL PROGRAMS TO THE GENERAL PUBLIC FOR CHARITABLE, RELIGIOUS, AND EDUCATIONAL PURPOSES.

    Expenses $80,637

As filed on the 2023 return.

Listed in Part VII

  • Gordon Okuley

    PRESIDENT

    Total calculated
    $66,500
    From this org
    $66,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    25

  • Homer Reeves

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Larry Burd

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Barry Fisher

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Dennis Nice

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

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
12 August 2024
IRS schema version
2023v5.0
Source object
202402259349301615

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