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Nonprofiteer
← FAITH COMMUNITY TELEVISION INC

Form 990 for tax year 2023

Filed by FAITH COMMUNITY TELEVISION INC.

Totals

Total revenue
$580,373
Total expenses
$550,675
Contributions and grants received
$129,183
Grants paid
$0
Program service revenue
$450,949
Investment income
$241
Other revenue
$0
Total assets, end of year
$820,417
Total liabilities, end of year
$571,635
Net assets or fund balances, end of year
$248,782
Program services expenses (Part IX)
$312,562
Management and general expenses
$238,113
Fundraising expenses
$0
Program service expenses (Part III)
$312,562

Program services were 56.8% 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

    $129,183

  • 2a · Program service revenue: BROADCASTING INCOME

    total $450,949 · related or exempt $450,949

  • 3 · Investment income

    total $241 · excluded $241

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $87,018 · program services $5,221 · management and general $81,797

  • 9 · Other employee benefits

    total $23,881 · program services $1,433 · management and general $22,448

  • 10 · Payroll taxes

    total $6,913 · program services $415 · management and general $6,498

  • 13 · Office expenses

    total $884 · program services $88 · management and general $796

  • 16 · Occupancy

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

  • 20 · Interest

    total $40,783 · program services $40,783

  • 22 · Depreciation, depletion and amortization

    total $22,927 · program services $22,927

  • 23 · Insurance

    total $55,690 · program services $44,552 · management and general $11,138

  • 24a · Other expenses: MANAGEMENT FEE

    total $114,398 · management and general $114,398

  • 24b · Other expenses: REPAIRS AND MAINTENANCE

    total $48,734 · program services $48,734

  • 24c · Other expenses: POSTAGE

    total $3,688 · program services $2,950 · management and general $738

  • 24d · Other expenses: OUTSIDE SERVICES

    total $1,307 · program services $1,307

  • 24e · All other expenses

    total $452 · program services $152 · management and general $300

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $90,187 · end of year $46,726

  • 4 · Accounts receivable

    beginning of year $13,505 · end of year $13,405

  • 9 · Prepaid expenses and deferred charges

    beginning of year $18,307 · end of year $19,342

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

    $10,538

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

    $2,927

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $7,611

  • 14 · Intangible assets

    beginning of year $753,333 · end of year $733,333

  • 17 · Accounts payable and accrued expenses

    beginning of year $14,702 · end of year $44,306

  • 24 · Unsecured notes and loans payable

    beginning of year $641,546 · end of year $527,329

  • 27 · Net assets without donor restrictions

    beginning of year $219,084 · end of year $248,782

Mission and programs · 2023

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 $312,562 · Revenue $450,949

As filed on the 2023 return.

Listed in Part VII

  • Julie A Nolan

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Shane A Chaney

    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
    $83,754
    From this org
    $83,754
    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
2023
Filed
11 November 2024
IRS schema version
2023v5.1
Source object
202413169349301666

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