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Nonprofiteer
← FAR EAST BROADCASTING COMPANY

Form 990 for tax year 2024

Filed by FAR EAST BROADCASTING COMPANY.

Totals

Total revenue
$22,872,714
Total expenses
$17,700,563
Contributions and grants received
$12,337,500
Grants paid
$8,204,680
Program service revenue
$3,228,585
Investment income
$7,301,801
Other revenue
$4,828
Total assets, end of year
$26,917,339
Total liabilities, end of year
$3,251,211
Net assets or fund balances, end of year
$23,666,128
Program services expenses (Part IX)
$14,554,471
Management and general expenses
$1,368,337
Fundraising expenses
$1,777,755
Program service expenses (Part III)
$14,554,471

Program services were 82.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • EDWARD CANNON

    PRESIDENT AND CEO

    Total calculated
    $360,846
    From this org
    $304,297
    From related orgs
    $0
    Other
    $56,549
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $228,637
    Bonus
    $68,000
    Other
    $7,660
    Deferred
    $18,317
    Nontaxable benefits
    $38,232
    Filer's total
    $360,846

  • SCOTT HASSEL

    CAO, TREASURER AND CFO

    Total calculated
    $199,543
    From this org
    $168,159
    From related orgs
    $0
    Other
    $31,384
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $168,159
    Bonus
    $0
    Other
    $0
    Deferred
    $10,371
    Nontaxable benefits
    $21,013
    Filer's total
    $199,543

  • MARY K PARK EXECUTIVE

    DIRECTOR, KOREAN MINISTRIES

    Total calculated
    $147,954
    From this org
    $125,042
    From related orgs
    $0
    Other
    $22,912
    Hours/week
    40

  • SANDY WILSON

    DIRECTOR OF DEVELOPMENT

    Total calculated
    $141,622
    From this org
    $114,510
    From related orgs
    $0
    Other
    $27,112
    Hours/week
    40

  • CLIFF MCARDLE

    SPECIAL ASSISTANT TO THE PRESIDENT

    Total calculated
    $141,525
    From this org
    $103,014
    From related orgs
    $0
    Other
    $38,511
    Hours/week
    40

  • CHERI CARPENTER

    CORPORATE SECRETARY

    Total calculated
    $118,061
    From this org
    $101,002
    From related orgs
    $0
    Other
    $17,059
    Hours/week
    40

  • LAURIE KATTNER

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • WAYNE SHEPHERD

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • KWOKNAM SHIU

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • ALYNNE DOUGLASS

    DIRECTOR, BOARD ASST SEC.

    Total calculated
    $0
    Hours/week
    2

  • RICHARD BOTT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • DAVID BUNN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MIKE FABAREZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • ROB KEITH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • ROGER KEMP

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • DAN LINDQUIST

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JOHN WAUTERLEK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • BONNIE HO

    DIRECTOR (PART YEAR)

    Total calculated
    $0
    Hours/week
    2

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 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
ANNUAL DISCRETIONARY BONUSES ARE APPROVED BY THE PRESIDENT, EXCEPT IN THE CASE OF ANY ANNUAL DISCRETIONARY BONUSES FOR THE PRESIDENT. THE PRESIDENT'S COMPENSATION AND BONUS IS SET AND APPROVED BY THE FULL BOARD OF DIRECTORS WHILE IN EXECUTIVE SESSION. THE FOLLOWING INDIVIDUALS RECEIVED DISCRETIONARY BONUSES IN 2024: EDWARD CANNON SANDY WILSON CLIFF MCARDLE

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.

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.

  • CHARITABLE REMAINDER UNITRUST (2)

    T · TRUST · CA · controlled entity

    Directly controlled by FAR EAST BROADCASTING COMPANY

Provenance

Return type
form_990
Tax year
2024
Filed
6 March 2026
IRS schema version
2024v5.5
Source object
202630659349301213

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