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Nonprofiteer
← GOOD LIFE BROADCASTING INC

Form 990 for tax year 2023

Filed by GOOD LIFE BROADCASTING INC.

Totals

Total revenue
$3,313,922
Total expenses
$4,712,404
Contributions and grants received
$1,356,310
Grants paid
$2,801,270
Program service revenue
$0
Investment income
$1,911,267
Other revenue
$46,345
Total assets, end of year
$54,996,419
Total liabilities, end of year
$238,818
Net assets or fund balances, end of year
$54,757,601
Program services expenses (Part IX)
$4,154,898
Management and general expenses
$528,214
Fundraising expenses
$29,292
Program service expenses (Part III)
$4,154,898

Program services were 88.2% 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

    $1,356,310

  • 3 · Investment income

    total $1,491,140 · excluded $1,491,140

  • 7a · Gross sales of assets other than inventory

    securities $414,989 · other assets $10,500

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

    securities $0 · other assets $5,362

  • 7c · Gain or loss

    securities $414,989 · other assets $5,138

  • 7d · Net gain or loss

    total $420,127 · excluded $420,127

  • 11a · Other revenue: OTHER INCOME

    total $46,345 · excluded $46,345

  • 11e · Other revenue, total

    $46,345

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,801,270 · program services $2,801,270

  • 7 · Other salaries and wages

    total $708,463 · program services $515,548 · management and general $184,909 · fundraising $8,006

  • 9 · Other employee benefits

    total $166,256 · program services $120,984 · management and general $43,393 · fundraising $1,879

  • 10 · Payroll taxes

    total $52,409 · program services $38,138 · management and general $13,679 · fundraising $592

  • 11b · Fees: legal

    total $794 · management and general $794

  • 11c · Fees: accounting

    total $21,200 · management and general $21,200

  • 12 · Advertising and promotion

    total $240 · management and general $240

  • 14 · Information technology

    total $25,274 · program services $19,373 · management and general $5,679 · fundraising $222

  • 16 · Occupancy

    total $41,584 · program services $31,874 · management and general $9,344 · fundraising $366

  • 17 · Travel

    total $4,765 · program services $2,593 · management and general $2,158 · fundraising $14

  • 19 · Conferences, conventions and meetings

    total $510 · program services $255 · management and general $255

  • 22 · Depreciation, depletion and amortization

    total $369,566 · program services $328,914 · management and general $29,565 · fundraising $11,087

  • 23 · Insurance

    total $70,691 · program services $43,328 · management and general $26,690 · fundraising $673

  • 24a · Other expenses: INVESTMENT EXPENSE

    total $165,103 · management and general $165,103

  • 24b · Other expenses: TRANSMITTER EXPENSE

    total $108,782 · program services $108,782

  • 24c · Other expenses: UTILITIES

    total $52,651 · program services $40,357 · management and general $11,831 · fundraising $463

  • 24d · Other expenses: CONTRACT LABOR

    total $49,450 · program services $42,468 · management and general $5,676 · fundraising $1,306

  • 24e · All other expenses

    total $73,396 · program services $61,014 · management and general $7,698 · fundraising $4,684

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $434,982 · end of year $289,427

  • 2 · Savings and temporary cash investments

    beginning of year $969,385 · end of year $343,372

  • 4 · Accounts receivable

    beginning of year $170,006 · end of year $190,909

  • 9 · Prepaid expenses and deferred charges

    beginning of year $40,940 · end of year $48,913

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

    $5,900,371

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

    $2,638,846

  • 10c · Land, buildings and equipment, net

    beginning of year $3,029,828 · end of year $3,261,525

  • 11 · Investments: publicly traded securities

    beginning of year $43,414,551 · end of year $47,246,487

  • 14 · Intangible assets

    beginning of year $3,659,706 · end of year $3,515,512

  • 15 · Other assets

    beginning of year $120,218 · end of year $100,274

  • 17 · Accounts payable and accrued expenses

    beginning of year $111,337 · end of year $130,905

  • 19 · Deferred revenue

    beginning of year $10,771 · end of year $5,356

  • 25 · Other liabilities

    beginning of year $122,441 · end of year $102,557

  • 27 · Net assets without donor restrictions

    beginning of year $51,595,067 · end of year $54,757,601

Mission and programs · 2023

Mission

OUR MISSION IS TO SHARE CHRIST IN COMPELLING WAYS.

  • BROADCAST & PRODUCTION OF CHRISTIAN & EDUCATIONAL PROGRAMS TO SPREAD THE GOSPEL & TEACH CHRISTIAN LIVING. TV 45 OPERATES 24 HOURS A DAY SEVEN DAYS A WEEK. PROGRAMMING INCLUDES RELIGIOUS AND EDUCATIONAL.

    Expenses $4,154,898 · Grants $2,801,270 · Revenue $1,356,310

As filed on the 2023 return.

Listed in Part VII

  • RALPH SINGLETON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TIM MANOR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ELLIOT MARTINEZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JIM NORMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ANITA STAVER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ROBERT HARRELL

    CHAIR/DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARK POLINO

    SECRETARY/DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • STEVE STIGER

    PRESIDENT/CEO

    Total calculated
    $165,583
    From this org
    $165,583
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $165,583
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $165,583

  • MICHAEL FLYNN

    DIR OF ENGINEERING & TECHNOLOGY

    Total calculated
    $114,312
    From this org
    $114,312
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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

  • 3 · Compensation committee
  • 3 · Approval by the board or compensation committee

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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2023
Filed
2 July 2024
IRS schema version
2023v5.1
Source object
202431879349300508

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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