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Nonprofiteer
← RADIO EYE INC

Form 990 for tax year 2023

Filed by RADIO EYE INC.

Totals

Total revenue
$181,296
Total expenses
$240,916
Contributions and grants received
$134,302
Grants paid
$0
Program service revenue
$0
Investment income
$46,994
Other revenue
$0
Total assets, end of year
$653,972
Total liabilities, end of year
$69,345
Net assets or fund balances, end of year
$584,627
Program services expenses (Part IX)
$218,107
Management and general expenses
$10,012
Fundraising expenses
$12,797
Program service expenses (Part III)
$218,107

Program services were 90.5% 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

    $134,302

  • 3 · Investment income

    total $29,922 · excluded $29,922

  • 7a · Gross sales of assets other than inventory

    securities $79,864

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

    securities $62,792

  • 7c · Gain or loss

    securities $17,072

  • 7d · Net gain or loss

    total $17,072 · excluded $17,072

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $114,903 · program services $105,711 · management and general $2,298 · fundraising $6,894

  • 7 · Other salaries and wages

    total $47,087 · program services $43,320 · management and general $942 · fundraising $2,825

  • 8 · Pension plan contributions

    total $5,771 · program services $5,310 · management and general $115 · fundraising $346

  • 9 · Other employee benefits

    total $22,620 · program services $20,811 · management and general $452 · fundraising $1,357

  • 10 · Payroll taxes

    total $5,166 · program services $4,753 · management and general $103 · fundraising $310

  • 11c · Fees: accounting

    total $935 · program services $842 · management and general $93

  • 11g · Fees: other

    total $5,459 · program services $4,913 · management and general $546

  • 13 · Office expenses

    total $17,750 · program services $16,330 · management and general $355 · fundraising $1,065

  • 17 · Travel

    total $5,914 · program services $5,323 · management and general $591

  • 23 · Insurance

    total $3,317 · management and general $3,317

  • 24a · Other expenses: DUES, MEMBERSHIPS AND S

    total $6,836 · program services $6,152 · management and general $684

  • 24b · Other expenses: MISCELLANEOUS

    total $5,158 · program services $4,642 · management and general $516

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $116,997 · end of year $85,280

  • 12 · Investments: other securities

    beginning of year $587,211 · end of year $568,692

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,432 · end of year $4,445

  • 24 · Unsecured notes and loans payable

    beginning of year $64,900 · end of year $64,900

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $634,876 · end of year $584,627

Mission and programs · 2023

Mission

THE ORGANIZATION'S MISSION IS TO BROADCAST THE READING OF CURRENT NEWSPAPERS AND OTHER EVERYDAY LITERATURE, OFFERING GREATER INDEPENDENT LIVING TO PEOPLE WHO ARE BLIND, VISUALLY IMPAIRED OR PHYSICALLY HANDICAPPED.

Activities or mission (Part I)

THE ORGANIZATION PROVIDES A RADIO READING SERVICE FOR THE BLIND AND THE PRINT-HANDICAPPED IN LEXINGTON, CENTRAL & EASTERN KENTUCKY, LOUISVILLE METRO AREA, AND ADJACENT COUNTIES IN KENTUCKY AND INDIANA WHERE BROADCASTS MAY BE RECEIVED. THROUGH THIS SERVICE, THE ORGANIZATION PROVIDES ACCESS TO PREVIOUSLY UNAVAILABLE INFORMATION INCLUDING, BUT NOT LIMITED TO, LOCAL AND NATIONAL NEWSPAPERS, CURRENT PERIODICALS, AND SPECIAL PROGRAMS ADDRESSED TO THE INTERESTS OF THE AUDIENCE.

  • RADIO READING SERVICES FOR THE BLIND AND THE PRINT-HANDICAPPED IN LEXINGTON, CENTRAL & EASTERN KENTUCKY, LOUISVILLE METRO AREA, AND ADJACENT COUNTIES IN KENTUCKY AND INDIANA WHERE BROADCASTS MAY BE RECEIVED.

    Expenses $218,107

As filed on the 2023 return.

Listed in Part VII

  • David Hafley Term Ended

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • John Copeland

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Rob Deal

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Alice Dehner

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Chris Clements

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Laura Mitchell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ron Wetzel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mike Barnard Term Ended

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mark Webster Term Ended

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Steve Farkus

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Marcie Timmerman

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Lucy Stone

    EXEC. DIRECTOR

    Total calculated
    $66,478
    From this org
    $64,701
    From related orgs
    $0
    Other
    $1,777
    Hours/week
    45

  • Thomas Lewis Term Ended

    EXEC. DIRECTOR

    Total calculated
    $50,202
    From this org
    $50,202
    From related orgs
    $0
    Other
    $0
    Hours/week
    45

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
15 November 2024
IRS schema version
2023v5.1
Source object
202413209349305446

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