← SALT POND COMMUNITY BROADCASTING COMPANY

Form 990 for tax year 2022

Filed by SALT POND COMMUNITY BROADCASTING COMPANY.

Totals

Total revenue: $612,789
Total expenses: $632,620
Contributions and grants received: $613,673
Grants paid: $0
Program service revenue: $0
Investment income: $1,084
Other revenue: -$1,968
Total assets, end of year: $657,309
Total liabilities, end of year: $185,226
Net assets or fund balances, end of year: $472,083
Program services expenses (Part IX): $341,312
Management and general expenses: $184,105
Fundraising expenses: $107,203
Program service expenses (Part III): $341,312

Program services were 54.0% 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.

1b · Membership dues

$337,700
1c · Fundraising events

$2,000
1e · Government grants (contributions)

$42,356
1f · All other contributions, gifts and grants

$231,617
1g · Noncash contributions included above

$29,228
3 · Investment income

total $1,084 · excluded $1,084
8a · Fundraising events: gross income

$1,107
8a · Fundraising events: contributions included on line 1c

$2,000
8b · Fundraising events: direct expenses

$7,579
8c · Net income from fundraising events

total -$6,472 · excluded -$6,472
11a · Other revenue: Miscellaneous

total $4,504 · related or exempt $4,504
11e · Other revenue, total

$4,504

Functional expenses

Part IX, the statement of functional expenses.

5 · Compensation of officers, directors and key employees

total $56,945 · program services $25,625 · management and general $16,514 · fundraising $14,806
7 · Other salaries and wages

total $264,456 · program services $119,006 · management and general $76,692 · fundraising $68,758
9 · Other employee benefits

total $21,600 · program services $9,720 · management and general $6,264 · fundraising $5,616
10 · Payroll taxes

total $27,377 · program services $12,320 · management and general $7,939 · fundraising $7,118
11f · Fees: investment management

total $1,191 · management and general $1,191
11g · Fees: other

total $32,807 · management and general $32,807
13 · Office expenses

total $35,626 · program services $22,055 · management and general $12,182 · fundraising $1,389
14 · Information technology

total $6,428 · program services $5,206 · management and general $643 · fundraising $579
16 · Occupancy

total $13,234 · program services $7,427 · management and general $5,807
22 · Depreciation, depletion and amortization

total $57,649 · program services $57,649
24a · Other expenses: Programming

total $28,978 · program services $28,978
24b · Other expenses: Transmitter and transla

total $25,082 · program services $25,082
24c · Other expenses: Engineering

total $16,420 · program services $15,927 · management and general $493
24d · Other expenses: Supplies

total $14,464 · program services $4,048 · management and general $9,692 · fundraising $724
24e · All other expenses

total $30,363 · program services $8,269 · management and general $13,881 · fundraising $8,213

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $439,290 · end of year $390,961
3 · Pledges and grants receivable

beginning of year $35,360 · end of year $34,831
9 · Prepaid expenses and deferred charges

beginning of year $18,824 · end of year $19,907
10a · Land, buildings and equipment: cost or other basis

$808,729
10b · Land, buildings and equipment: accumulated depreciation

$675,420
10c · Land, buildings and equipment, net

beginning of year $154,482 · end of year $133,309
11 · Investments: publicly traded securities

beginning of year $79,891 · end of year $75,268
14 · Intangible assets

beginning of year $4,181 · end of year $3,033
17 · Accounts payable and accrued expenses

beginning of year $42,728 · end of year $42,531
19 · Deferred revenue

beginning of year $185,050 · end of year $142,695
27 · Net assets without donor restrictions

beginning of year $385,151 · end of year $358,115
28 · Net assets with donor restrictions

beginning of year $119,099 · end of year $113,968

Mission and programs · 2022

Mission

WERU Community Radio is an independent, noncommercial, educational media organization. WERU engages with the local community to provide diverse music, independent news, public affairs and cultural content that connects, informs, and inspires.

Activities or mission (Part I)

Salt Pond Community Broadcasting operates WERU-FM Community Radio, which provides music, news and public affairs, and other cultural content. Programming ranges from diverse music (50 genres) to national headline news (5 prime time hours per week) to local public affairs programs. WERU meets a need in our region for an independent, community-based source of entertainment and information. The key to these diverse offerings is another important aspect of WERU, which is the commitment of 175 volunteers to serve as broadcasters and behind-the-scenes workers who reflect the local community. Volunteers receive free training and no prior experience is necessary.WERU's music programming provides citizens of Maine with a wide span of opportunities to learn about diverse forms of music and culture, creating a cross pollination of listener's interests and ideas. Each week, WERU broadcasts a dizzying array of Zydeco, Gospel, Jazz, Folk, Indie Rock, Blues, and Reggae, just to name a few.WERU's highly respected local and national news and public affairs programming provides listeners with opportunities to interact through call-in programs with a wide variety of topics and people. Topics associated with economic development, education, maritime issues, Native American issues and public health are just a few examples of the width and depth of our local public affairs.2,100 individual and household members and 400 local businesses support WERU, amounting to over 70% of annual income. WERU receives approximately 22% of its financial support from the Corporation for Public Broadcasting, having met rigorous guidelines for community involvement and local support.WERU's broadcast signal reaches a potential audience of 200,000 people in Midcoast, Downeast and Central Maine. WERU broadcasts 24 hours per day, 365 days per year, both over the airwaves and on the Internet. The radio station was founded in 1988.

Expenses $341,312 · Revenue $4,504

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Pat Pugh

President

Total calculated

$0

Hours/week

1
Brian Conklin-Powers

Vice President

Total calculated

$0

Hours/week

1
Lynn Soucy

treasurer

Total calculated

$0

Hours/week

1
Nancy Minott

Secretary

Total calculated

$0

Hours/week

1
Paul Anderson

Director

Total calculated

$0

Hours/week

1
Katy Green

Director

Total calculated

$0

Hours/week

1
Ned Johnston

Director

Total calculated

$0

Hours/week

1
Heather Richard

Director

Total calculated

$0

Hours/week

1
Greg Rossel

Director

Total calculated

$0

Hours/week

1
Jack Sullivan

Director

Total calculated

$0

Hours/week

1
Ryan Swanson

Director

Total calculated

$0

Hours/week

1
Shane Osborne

Director

Total calculated

$0

Hours/week

1
Matt Murphy

General Manager

Total calculated

$56,945

From this org

$53,345

From related orgs

$0

Other

$3,600

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type: form_990
Tax year: 2022
Filed: 12 May 2023
IRS schema version: 2022v5.0
Source object: 202331359349311373

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