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Nonprofiteer
← Bethesda Christian Broadcasting

Form 990 for tax year 2022

Filed by Bethesda Christian Broadcasting.

Totals

Total revenue
$308,137
Total expenses
$46,917
Contributions and grants received
$0
Grants paid
$19,390
Program service revenue
$0
Investment income
$308,112
Other revenue
$25
Total assets, end of year
$0
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$20,305
Management and general expenses
$26,612
Fundraising expenses
$0
Program service expenses (Part III)
$20,305

Program services were 43.3% 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.

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $107 · excluded $107

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    other assets $393,897

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

    other assets $85,892

  • 7c · Gain or loss

    securities $0 · other assets $308,005

  • 7d · Net gain or loss

    total $308,005 · excluded $308,005

  • 11d · All other revenue

    total $25 · related or exempt $25 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $25

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $19,390 · program services $19,390

  • 9 · Other employee benefits

    total $637 · management and general $637

  • 11b · Fees: legal

    total $12,740 · management and general $12,740

  • 11c · Fees: accounting

    total $11,878 · management and general $11,878

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $1,226 · management and general $1,226

  • 16 · Occupancy

    total $915 · program services $915

  • 24a · Other expenses: Bad debt expense

    total $131 · management and general $131

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $9,148 · end of year $0

  • 4 · Accounts receivable

    beginning of year $1,976 · end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $250 · end of year $0

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $67,263 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $18,630 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,386 · end of year $0

  • 22 · Loans and payables to officers and key people

    end of year $0

  • 25 · Other liabilities

    beginning of year $357,101 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year -$261,220 · end of year $0

Mission and programs · 2022

Mission

We exist to impact people for Christ and equip them to put their faith into action. Our primary activity is operating Christian FM radio stations.

Activities or mission (Part I)

Impacting people for Christ through Christian FM radio.

  • Spread the word of God through the operation of radio stations in South Dakota and the surrounding regions. During the fiscal year, the organization sold its final radio station and officially dissolved its operations effective 9/7/2023.

    Expenses $20,305 · Grants $19,390 · Revenue $25

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

Listed in Part VII

  • Dana Rasic

    President & Director

    Total calculated
    $406,351
    From this org
    $0
    From related orgs
    $365,551
    Other
    $40,800
    Hours/week
    1 + 62 related

    Schedule J breakdown matched by us

    Base
    $0 + $329,316 related
    Bonus
    $0 + $30,000 related
    Other
    $0 + $6,235 related
    Deferred
    $0 + $9,438 related
    Nontaxable benefits
    $0 + $31,362 related
    Filer's total
    $0 + $406,351 related

  • Daniel Vagle

    Director

    Total calculated
    $65,442
    From this org
    $0
    From related orgs
    $61,833
    Other
    $3,609
    Hours/week
    0.3 + 8.5 related

  • Don Morgan

    Director

    Total calculated
    $65,218
    From this org
    $0
    From related orgs
    $61,833
    Other
    $3,385
    Hours/week
    0.3 + 10.5 related

  • Austin Harbach

    Assistant Secretary

    Total calculated
    $118,551
    From this org
    $0
    From related orgs
    $103,942
    Other
    $14,609
    Hours/week
    0.5 + 56 related

  • Nathan Merrill

    CFO, VP, Secretary & Treasurer

    Total calculated
    $306,740
    From this org
    $0
    From related orgs
    $264,356
    Other
    $42,384
    Hours/week
    0.5 + 57 related

    Schedule J breakdown matched by us

    Base
    $0 + $230,731 related
    Bonus
    $0 + $20,000 related
    Other
    $0 + $13,625 related
    Deferred
    $0 + $7,962 related
    Nontaxable benefits
    $0 + $34,422 related
    Filer's total
    $0 + $306,740 related

  • Tom Workman

    Assistant Secretary

    Total calculated
    $0
    Hours/week
    0.3 + 4.5 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. 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

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • Bethesda Real Estate Company

    C Corporation · Real Estate Management · CO

    Directly controlled by NA

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

1 distribution to a recipient named as a person, $19,390. Counted where the filer named the recipient as a person, as filed. Who received them, and what, are not published.

Provenance

Return type
form_990
Tax year
2022
Filed
15 August 2024
IRS schema version
2022v5.0
Source object
202442289349302199

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