Living Bread Radio
- Assets
- $825.1k
- Revenue
- $417.1k
- Investments
- $0.0
- Employees
- 4
- Location
- Canton, OH
- Founding
- 04/2004
- Data as of
- 06/2022
- EIN
- 01-0805468
Organization Overview
Living Bread Radio is located in Canton, OH. The organization was established in 2004. According to its NTEE Classification (X84) the organization is classified as: Religious Radio, under the broad grouping of Religion-Related and related organizations. As of 06/2022, Living Bread Radio employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Living Bread Radio is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Living Bread Radio generated $417.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $344.0k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATIONS PRIMARY EXEMPT PURPOSE IS TO FAITHFULLY BROADCAST THE MESSAGE OF JESUS CHRIST THROUGH THE MEDIUM OF RADIO. THE PROGRAMMING WILL ENLIGHTEN AND EDUCATE LISTENERS TO THE DEPTH AND RICHNESS OF THE CATHOLIC FAITH.
Describe the Organization's Program Activity:
THE ORGANIZATION OPERATES AND MAINTAINS A RADIO STATION TO FAITHFULLY BROADCAST THE MESSAGE OF JESUS CHRIST THROUGH THE MEDIUM OF RADIO. THE PROGRAMMING WILL ENLIGHTEN AND EDUCATE LISTENERS TO THE DEPTH AND RICHNESS OF THE CATHOLIC FAITH, ENCOURAGE AND INSPIRE THOSE ALREADY CATHOLIC TO LEARN MORE ABOUT THE TEACHINGS OF THE FAITH AND TO PASS ON THOSE TEACHINGS TO OUR CHILDREN. ALL PROGRAMMING IS IN FIDELITY TO THE MAGISTERIUM OF THE ROMAN CATHOLIC CHURCH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Gaskell President | OfficerTrustee | 20 | $0 |
Mary Demarco Secretary | OfficerTrustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $35,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $323,295 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $358,295 |
| Total Program Service Revenue | $0 |
| Investment income | $7,750 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $73 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $417,089 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $155,432 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $15,038 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,448 |
| Fees for services: Accounting | $2,095 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,343 |
| Advertising and promotion | $20,667 |
| Office expenses | $2,234 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $49,456 |
| Travel | $663 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,032 |
| Interest | $7,469 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $32,996 |
| Insurance | $3,550 |
| All other expenses | $0 |
| Total functional expenses | $344,035 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $54,330 |
| Savings and temporary cash investments | $153,618 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $433,734 |
| Investments—publicly traded securities | $183,427 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $825,109 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $4,150 |
| Total liabilities | $4,150 |
| Net assets without donor restrictions | $820,959 |
| 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 | $825,109 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Living Bread Radio has recieved totaling $750.
| Awarding Organization | Amount |
|---|---|
E A Mahoney Family Foundation Clinton, OH PURPOSE: GREATEST NEED | $500 |
Verizon Foundation Basking Ridge, NJ PURPOSE: MIP PAYOUT FOR 12/03/21 | $250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
River Radio Ministries Columbus, OH | $6,630,255 | $4,393,639 |
Russian Broadcasting Network Inc Southampton, PA | $342,255 | $1,939,456 |
Sonset Solutions Inc Elkhart, IN | $3,460,253 | $2,234,092 |
Fort Wayne Catholic Radio Group Inc Fort Wayne, IN | $1,612,895 | $1,190,616 |
Good News Media Inc Traverse City, MI | $1,795,301 | $1,267,658 |
St Gabriel Radio Inc Columbus, OH | $3,809,476 | $826,632 |
Northern Christian Radio Inc Gaylord, MI | $883,251 | $925,023 |
Sacred Heart Radio Inc Cincinnati, OH | $2,855,001 | $852,310 |
West Central Michigan Media Ministries Cadillac, MI | $4,038,110 | $1,144,493 |
Aramaic Broadcasting Network Inc Walled Lake, MI | $674,835 | $754,316 |
Side By Side Inc Toledo, OH | $75,570 | $539,588 |
Calvary Radio Network Valparaiso, IN | $565,390 | $862,881 |