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Nonprofiteer
← FAITH COMMUNITY TELEVISION INC

Form 990 for tax year 2024

Filed by FAITH COMMUNITY TELEVISION INC.

Totals

Total revenue
$424,741
Total expenses
$1,189,392
Contributions and grants received
$12,125
Grants paid
$0
Program service revenue
$412,490
Investment income
$126
Other revenue
$0
Total assets, end of year
$849,711
Total liabilities, end of year
$1,365,580
Net assets or fund balances, end of year
-$515,869
Program services expenses (Part IX)
$870,967
Management and general expenses
$318,425
Fundraising expenses
$0
Program service expenses (Part III)
$870,967

Program services were 73.2% 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

    $12,125

  • 2a · Program service revenue: BROADCASTING INCOME

    total $412,490 · related or exempt $412,490

  • 3 · Investment income

    total $126 · excluded $126

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $97,934 · program services $5,876 · management and general $92,058

  • 9 · Other employee benefits

    total $23,414 · program services $1,405 · management and general $22,009

  • 10 · Payroll taxes

    total $7,455 · program services $447 · management and general $7,008

  • 16 · Occupancy

    total $144,000 · program services $144,000

  • 17 · Travel

    total $704 · program services $704

  • 20 · Interest

    total $36,318 · program services $36,318

  • 22 · Depreciation, depletion and amortization

    total $23,513 · program services $23,513

  • 23 · Insurance

    total $50,789 · program services $40,631 · management and general $10,158

  • 24a · Other expenses: DONATIONS

    total $470,758 · program services $470,758

  • 24b · Other expenses: MANAGEMENT FEE

    total $186,097 · management and general $186,097

  • 24c · Other expenses: REPAIRS AND MAINTENANCE

    total $142,989 · program services $142,985 · management and general $4

  • 24d · Other expenses: POSTAGE

    total $1,223 · program services $978 · management and general $245

  • 24e · All other expenses

    total $4,198 · program services $3,352 · management and general $846

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $46,726 · end of year $27,698

  • 4 · Accounts receivable

    beginning of year $13,405 · end of year $19,355

  • 9 · Prepaid expenses and deferred charges

    beginning of year $19,342 · end of year $20,688

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

    $15,769

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

    $6,440

  • 10c · Land, buildings and equipment, net

    beginning of year $7,611 · end of year $9,329

  • 14 · Intangible assets

    beginning of year $733,333 · end of year $713,333

  • 15 · Other assets

    beginning of year $0 · end of year $59,308

  • 17 · Accounts payable and accrued expenses

    beginning of year $44,306 · end of year $772,625

  • 25 · Other liabilities

    beginning of year $527,329 · end of year $592,955

  • 27 · Net assets without donor restrictions

    beginning of year $248,782 · end of year -$515,869

Mission and programs · 2024

Mission

RELIGIOUS BROADCASTING

  • THE LIVES OF MILLIONS OF PEOPLE HAVE BEEN TOUCHED BY THE BROADCAST OF THE GOSPEL MESSAGE. PEOPLE HAVE BEEN SAVED, HEALED, AND MINISTERED TO IN COUNTLESS WAYS THROUGH THIS TELEVISION NETWORK.

    Expenses $870,967 · Revenue $412,490

As filed on the 2024 return.

Listed in Part VII

  • Julie A Nolan

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Bishop Henry Phillips

    TREASURER

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Thomas C Nolan III

    SECRETARY

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Brandon Porter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Shane Stanford

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • John Deberry

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Charles Meyers

    DIRECTOR

    Total calculated
    $94,004
    From this org
    $94,004
    From related orgs
    $0
    Other
    $0
    Hours/week
    40 + 1 related

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.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

FORM 990, PART VI, SECTION A, LINE 2:
JULIE NOLAN - PRESIDENT.; MOTHER OF THOMAS NOLAN III THOMAS NOLAN III- SECRETARY; SON OF JULIE NOLAN

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
12 November 2025
IRS schema version
2024v5.2
Source object
202533179349306098

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