Connecticut Broadcasters Association Inc
- Assets
- $1.4m
- Revenue
- $505.1k
- Investments
- $994.4k
- Employees
- 4
- Location
- Avon, CT
- Founding
- 01/1957
- Data as of
- 12/2022
- EIN
- 06-6069238
Organization Overview
Connecticut Broadcasters Association Inc is located in Avon, CT. The organization was established in 1957. According to its NTEE Classification (A30) the organization is classified as: Media & Communications, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Connecticut Broadcasters Association Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Connecticut Broadcasters Association Inc 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 12/2022, Connecticut Broadcasters Association Inc generated $505.1k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 17.1% each year . All expenses for the organization totaled $268.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Connecticut Broadcasters Association Inc has awarded 35 individual grants totaling $131,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE THE BEST INTERESTS OF THE BROADCAST INDUSTRY IN THE STATE OF CONNECTICUT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CONNECTICUT BROADCASTERS ASSOCIATION(THE "ASSOCIATION")HAS LONG MAINTAINED A NONCOMMERCIAL SUSTAINING ANNOUNCEMENT PROGRAM (NCSA PROGRAM) THROUGH WHICH MEMBER AND NON MEMBER 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 ORGANIZATION TO ACHIEVE A STATE-WIDE COVERAGE OF THEIR ACTIVITIES, EVENTS, AND PROGRAMS WHICH BENEFIT THE PUBLIC AT LARGE. TO PARTICIPATE IN THE NCSA PROGRAM, THESE ENTITIES AND ORGANIZATION PAY THE ASSOCIATION CUSTOMARILY A FRACTION OF WHAT IT WOULD COST THESE ENTITIES AND ORGANIZATIONS TO PURCHASE THE AIRTIME FROM INDIVIDUAL STATIONS THROUGHOUT THE STATE AT NORMAL COMMERCIAL RATES.
INSPECTION PROGRAM IS FOR SEC COMPLIANCE WITH RULES AND REGULATIONS.
EDUCATIONAL ACTIVITIES AND CONVENTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Ryan President | OfficerTrustee | 40 | $110,000 |
Michael Rice Co Wili Vice Preside | OfficerTrustee | 40 | $20,400 |
Eric Kemmler General Coun | Trustee | 5 | $14,280 |
Sulma Avenacio Director/cha | OfficerTrustee | $0 | |
Rima Dael Director/sec | Trustee | $0 | |
Rich Graziano Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $24,610 |
| 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 | $24,610 |
| Total Program Service Revenue | $463,435 |
| Investment income | $16,948 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $106 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $505,099 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $26,000 |
| 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. | $144,680 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,316 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,236 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $700 |
| Fees for services: Accounting | $2,000 |
| Fees for services: Lobbying | $28,695 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,956 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,004 |
| All other expenses | $20,860 |
| Total functional expenses | $268,730 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $145,407 |
| Savings and temporary cash investments | $227,694 |
| 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 | $0 |
| Investments—publicly traded securities | $223 |
| Investments—other securities | $994,431 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,367,755 |
| Accounts payable and accrued expenses | $65 |
| 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 | $0 |
| Total liabilities | $65 |
| Net assets without donor restrictions | $1,367,690 |
| 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 | $1,367,755 |
Grants Awarded
Over the last fiscal year, Connecticut Broadcasters Association Inc has awarded $25,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
DREXEL UNIVERSITY PURPOSE: SCHOLARSHIP TO STUDENT ATTENDING COLLEGE OR UNIVERSITY PURSUING A CAREER IN BROADCASTING. | $2,500 |
EASTERN CONNECTICUT STATE UNIVERSITY PURPOSE: SCHOLARSHIP TO STUDENT ATTENDING COLLEGE OR UNIVERSITY PURSUING A CAREER IN BROADCASTING. | $2,500 |
PENN STATE UNIVERSITY PURPOSE: SCHOLARSHIP TO STUDENT ATTENDING COLLEGE OR UNIVERSITY PURSUING A CAREER IN BROADCASTING. | $2,500 |
UNIVERSITY OF PITTSBURGH PURPOSE: SCHOLARSHIP TO STUDENT ATTENDING COLLEGE OR UNIVERSITY PURSUING A CAREER IN BROADCASTING. | $2,500 |
UNIVERSITY OF CONNECTICUT PURPOSE: SCHOLARSHIP TO STUDENT ATTENDING COLLEGE OR UNIVERSITY PURSUING A CAREER IN BROADCASTING. | $2,500 |
HOFSTRA UNIVERSITY PURPOSE: SCHOLARSHIP TO STUDENT ATTENDING COLLEGE OR UNIVERSITY PURSUING A CAREER IN BROADCASTING. | $2,500 |