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Nonprofiteer
← FOUR RIVERS COMMUNITY BROADCASTING CORPORATION

Form 990 for tax year 2023

Filed by FOUR RIVERS COMMUNITY BROADCASTING CORPORATION.

Totals

Total revenue
$1,826,490
Total expenses
$1,860,494
Contributions and grants received
$1,597,974
Grants paid
$0
Program service revenue
$120,281
Investment income
$100,010
Other revenue
$8,225
Total assets, end of year
$6,740,768
Total liabilities, end of year
$1,791,910
Net assets or fund balances, end of year
$4,948,858
Program services expenses (Part IX)
$1,282,434
Management and general expenses
$338,536
Fundraising expenses
$239,524
Program service expenses (Part III)
$1,282,434

Program services were 68.9% 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.

  • 1f · All other contributions, gifts and grants

    $1,597,974

  • 2a · Program service revenue: PUBLIC SERVICE ANNOUNC

    total $120,281 · related or exempt $120,281

  • 3 · Investment income

    total $28,793 · excluded $28,793

  • 6a · Gross rents

    real property $8,225

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $8,225

  • 6d · Net rental income or loss

    total $8,225 · related or exempt $8,225

  • 7a · Gross sales of assets other than inventory

    securities $472,385

  • 7b · Less cost or other basis and sales expenses

    securities $401,168

  • 7c · Gain or loss

    securities $71,217

  • 7d · Net gain or loss

    total $71,217 · related or exempt $71,217

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $656,958 · program services $419,500 · management and general $104,896 · fundraising $132,562

  • 7 · Other salaries and wages

    total $227,826 · program services $91,662 · management and general $127,340 · fundraising $8,824

  • 8 · Pension plan contributions

    total $8,716 · program services $8,716

  • 9 · Other employee benefits

    total $1,687 · program services $1,687

  • 10 · Payroll taxes

    total $18,229 · program services $9,257 · management and general $7,711 · fundraising $1,261

  • 11b · Fees: legal

    total $4,204 · program services $4,204

  • 11c · Fees: accounting

    total $29,667 · management and general $29,667

  • 11f · Fees: investment management

    total $14,500 · management and general $14,500

  • 11g · Fees: other

    total $103,830 · program services $73,849 · fundraising $29,981

  • 12 · Advertising and promotion

    total $77,966 · program services $11,070 · fundraising $66,896

  • 13 · Office expenses

    total $76,147 · program services $41,712 · management and general $34,435

  • 16 · Occupancy

    total $277,541 · program services $270,060 · management and general $7,481

  • 17 · Travel

    total $21,270 · program services $19,143 · management and general $2,127

  • 20 · Interest

    total $1,806 · program services $1,625 · management and general $181

  • 22 · Depreciation, depletion and amortization

    total $56,058 · program services $54,266 · management and general $1,792

  • 23 · Insurance

    total $16,813 · program services $8,407 · management and general $8,406

  • 24a · Other expenses: PROGRAMMING SERVICES

    total $89,964 · program services $89,964

  • 24b · Other expenses: EQUIPMENT

    total $63,883 · program services $63,883

  • 24c · Other expenses: FEES AND LICENSES

    total $58,869 · program services $58,869

  • 24d · Other expenses: MISSION SERVICES

    total $51,040 · program services $51,040

  • 24e · All other expenses

    total $3,520 · program services $3,520

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $93,009 · end of year $113,316

  • 2 · Savings and temporary cash investments

    beginning of year $160,165 · end of year $89,309

  • 3 · Pledges and grants receivable

    beginning of year $44,040 · end of year $105,568

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

    $1,920,343

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

    $1,020,470

  • 10c · Land, buildings and equipment, net

    beginning of year $949,029 · end of year $899,873

  • 11 · Investments: publicly traded securities

    beginning of year $1,529,582 · end of year $1,559,460

  • 15 · Other assets

    beginning of year $4,015,916 · end of year $3,973,242

  • 17 · Accounts payable and accrued expenses

    beginning of year $98,837 · end of year $74,108

  • 19 · Deferred revenue

    beginning of year $4,013 · end of year $2,855

  • 24 · Unsecured notes and loans payable

    beginning of year $864 · end of year $40,541

  • 25 · Other liabilities

    beginning of year $1,769,618 · end of year $1,674,406

  • 27 · Net assets without donor restrictions

    beginning of year $4,569,567 · end of year $4,442,527

  • 28 · Net assets with donor restrictions

    beginning of year $348,842 · end of year $506,331

Mission and programs · 2023

Mission

NON-COMMERCIAL EDUCATIONAL RADIO BROADCASTING.

  • PROVIDE 24 HOUR NON-COMMERCIAL EDUCATIONAL RADIO BROADCASTS, INCLUDING RELIGIOUS MUSIC, TO THOUSANDS OF GENERAL PUBLIC LISTENERS.

    Expenses $1,282,434 · Revenue $199,723

As filed on the 2023 return.

Listed in Part VII

  • CHARLES W LOUGHERY

    TRUSTEE/PRESIDENT

    Total calculated
    $193,117
    From this org
    $135,568
    From related orgs
    $0
    Other
    $57,549
    Hours/week
    30

    Schedule J breakdown matched by us

    Base
    $135,568
    Bonus
    $0
    Other
    $0
    Deferred
    $1,000
    Nontaxable benefits
    $56,549
    Filer's total
    $193,117

  • DAVID W BAKER

    TRUSTEE/VICE PRESIDENT

    Total calculated
    $205,724
    From this org
    $157,551
    From related orgs
    $0
    Other
    $48,173
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $127,551
    Bonus
    $30,000
    Other
    $0
    Deferred
    $1,000
    Nontaxable benefits
    $47,173
    Filer's total
    $205,724

  • LAWRENCE H LOUGHERY

    SECRETARY

    Total calculated
    $64,795
    From this org
    $58,400
    From related orgs
    $0
    Other
    $6,395
    Hours/week
    40

  • NANCY LOUGHERY

    TRUSTEE/TREASURER

    Total calculated
    $63,647
    From this org
    $62,647
    From related orgs
    $0
    Other
    $1,000
    Hours/week
    35

  • CHARLES C LOUGHERY

    TRUSTEE

    Total calculated
    $21,162
    From this org
    $20,162
    From related orgs
    $0
    Other
    $1,000
    Hours/week
    5

  • DENNIS GRAFTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • JANE KRUPP

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • AL RICHTER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • DAN MARTENAK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • BILLY DUNN

    EXECUTIVE DIRECTOR

    Total calculated
    $107,015
    From this org
    $106,015
    From related orgs
    $0
    Other
    $1,000
    Hours/week
    20

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

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

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.

Provenance

Return type
form_990
Tax year
2023
Filed
18 February 2025
IRS schema version
2023v6.0
Source object
202540529349301124

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