Maine Association Of Broadcasters
- Assets
- $1.3m
- Revenue
- $368.2k
- Investments
- $1.2m
- Employees
- 1
- Location
- Portland, ME
- Founding
- 05/1976
- Data as of
- 12/2023
- EIN
- 01-0338987
Organization Overview
Maine Association Of Broadcasters is located in Portland, ME. The organization was established in 1976. According to its NTEE Classification (A30) the organization is classified as: Media & Communications, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maine Association Of Broadcasters is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Maine Association Of Broadcasters generated $368.2k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $333.8k during the year ending 12/2023. While expenses have increased by 1.1% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORTING AND PROMOTING THE BROADCASTING INDUSTRY IN MAINE IN THE PUBLIC INTEREST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLIC EDUCATION PARTNERSHIP PROGRAM (PEP PROGRAM): MEMBER AND NONMEMBER RADIO AND TELEVISION STATIONS IN THE STATE VOLUNTARILY DONATE AIRTIME WHICH THE ASSOCIATION, UNDER THE PROGRAM, MAKES AVAILABLE TO GOVERNMENTAL AND NOT FOR PROFIT ENTITIES AND ORGANIZATIONS TO ACHIEVE STATEWIDE COVERAGE OF THEIR ACTIVITIES, EVENTS AND PROGRAMS WHICH BENEFIT THE PUBLIC AT LARGE. THE MONIES RECEIVED BY THE ASSOCIATION ARE USED BY THE ASSOCIATION SOLELY FOR ITS TAX EXEMPT PURPOSES, SUCH AS CONDUCTING SEMINARS FOR STATIONS SO THEY THEY CAN BETTER SERVE THE PUBLIC INTEREST. IMPORTANTLY, THE PEP PROGRAM SERVES TO STRENGTHEN THE RELATIONSHIPS BETWEEN THE BROADCAST INDUSTRY AND GOVERNMENTAL AND NOT FOR PROFIT ENTITIES AND ORGANIZATIONS.
EDUCATION: WE PRESENT ONLINE AND IN-PERSON SEMINARS AND TRAINING OPPORTUNITIES TO HELP OUR MEMBERS HONE AND ENHANCE THEIR JOB SKILLS. FCC INSPECTION PROGRAM: UNDER AN AGREEMENT WITH THE FEDERAL COMMUNICATIONS COMMISSION, THE MAINE ASSOCIATION OF BROADCASTERS CONTRACTS WITH AN INDEPENDENT BROADCAST ENGINEER TO CONDUCT INSPECTIONS OF BROADCAST STATIONS TO ENSURE THEIR COMPLIANCE WITH CURRENT FCC RULES.
OTHER MEMBER SERVICES INCLUDING LEGAL, GOVERNMENT RELATIONS, SCHOLARSHIP OPPORTUNITIES AND MEMBER COMMUNICATIONS THROUGH THE MAB WEBSITE, SALES WEBINARS, PAID INTERNSHIPS, MEMBERSHIP MEETINGS, EQUIPMENT GRANTS TO NON-COMMERCIAL AND OR EDUCATIONAL INSTITUTIONS AND E-NEWSLETTER ON CRITICAL ISSUES CONCERNING THE BROADCASTING COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kim Lee Director | Trustee | 1 | $0 |
Herb Ivy Director | Trustee | 1 | $0 |
Stan Bennett Director | Trustee | 1 | $0 |
Dave Abel Director | Trustee | 1 | $0 |
Matt Barnard Director | Trustee | 1 | $0 |
Jeff Pierce Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $20,685 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,685 |
| Total Program Service Revenue | $290,744 |
| Investment income | $32,303 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $20,318 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $368,156 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,000 |
| Grants and other assistance to domestic individuals. | $12,007 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $145,694 |
| Compensation of current officers, directors, key employees. | $43,709 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,572 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,900 |
| Fees for services: Accounting | $10,385 |
| Fees for services: Lobbying | $6,150 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,375 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,094 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,969 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $61,126 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $333,805 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $140,845 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $29,836 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,161,604 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,332,285 |
| Accounts payable and accrued expenses | $9,093 |
| Grants payable | $0 |
| Deferred revenue | $4,025 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $13,118 |
| Net assets without donor restrictions | $1,319,167 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,332,285 |
Grants Awarded
Over the last fiscal year, Maine Association Of Broadcasters has awarded $69,140 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
3 EQUIP GRANTS TO VARIOUS NONPROFIT MEMBER ORGS ( NONE 5000) PURPOSE: TO PROVIDE EQUIPMENT GRANTS TO MEMBER ORGANIZATIONS | $9,570 |
ASSISTANCE TO STATIONS AFTER HURRICANE MARIA PURPOSE: TO PROVIDE FINANCIAL ASSISTANCE TO STATIONS AFTER HURRICANE MARIA | $25,000 |
3 EQUIP GRANTS TO VARIOUS NONPROFIT MEMBER ORGS ( NONE 5000) PURPOSE: TO PROVIDE EQUIPMENT GRANTS TO MEMBER ORGANIZATIONS | $9,570 |
ASSISTANCE TO STATIONS AFTER HURRICANE MARIA PURPOSE: TO PROVIDE FINANCIAL ASSISTANCE TO STATIONS AFTER HURRICANE MARIA | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cooperatives For A Better World Manchester, NH | $714,788 | $15,533,513 |
Maine Media College Rockport, ME | $6,791,001 | $3,384,658 |
Maine Association Of Broadcasters Portland, ME | $1,332,285 | $368,156 |
New Hampshire Association Of Broadcasters Inc Manchester, NH | $595,490 | $203,345 |
Storm Warriors International Camden, ME | $94,377 | $27,356 |
Maine Challenge Productions Damariscotta, ME | $0 | $0 |
Better World Libraries Biddeford, ME | $17,431,310 | $17,169,623 |