Broadcasters Foundation Of America
- Assets
- $7.7m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 7
- Location
- New York, NY
- Founding
- 12/1961
- Data as of
- 12/2021
- EIN
- 13-1975618
Organization Overview
Broadcasters Foundation Of America is located in New York, NY. The organization was established in 1961. 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 12/2021, Broadcasters Foundation Of America employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Broadcasters Foundation Of America 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 12/2021, Broadcasters Foundation Of America generated $2.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $2.8m during the year ending 12/2021. While expenses have increased by 8.9% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE QUALITY OF LIFE FOR PROFESSIONAL MEN AND WOMEN IN THE TELEVISION AND RADIO BROADCAST INDUSTRY AND THEIR FAMILIES WHO, THROUGH NO FAULT OF THEIR OWN, ARE IN ACUTE NEED. THE FOUNDATION REACHES OUT ACROSS THE COUNTRY TO IDENTIFY AND PROVIDE ANONYMOUS ASSISTANCE IN CASES OF CRITICAL ILLNESS, ADVANCED AGE, DEATH OF A SPOUSE, ACCIDENT AND SERIOUS MISFORTUNE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BROADCASTERS FOUNDATION OF AMERICA'S SOLE PROGRAM SERVICE IS TO HELP BROADCASTERS IN THE TELEVISION AND RADIO INDUSTRY WHO ARE IN ACUTE NEED. DURING THE CALENDAR YEAR THE FOUNDATION PROVIDED 202 PROFESSIONAL MEN AND WOMEN IN THE BROADCAST INDUSTRY WITH A TOTAL OF $1,802,350 IN FINANCIAL ASSISTANCE. CHECKS ARE DISBURSED MONTHLY TO BENEVOLENT GRANTEES ACROSS THE COUNTRY AND EMERGENCY GRANTS ARE ISSUED WHEN THE NEED ARISES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James B Thompson Co-President | Officer | 40 | $275,000 |
Peter Doyle Vice President | Officer | 40 | $85,808 |
Emily Barratt Vp, Grants & Operations | Officer | 40 | $76,755 |
Timothy Mccarthy Co-President | Officer | 40 | $66,667 |
Frank Pesce Vp, Business Affairs - Until 6/30 | Officer | 40 | $44,584 |
N Scott Knight Director | Trustee | 10 | $34,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $141,060 |
| Related organizations | $0 |
| Government grants | $89,300 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,553,057 |
| Noncash contributions included in lines 1a–1f | $80,613 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,783,417 |
| Total Program Service Revenue | $0 |
| Investment income | $252,719 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $374,753 |
| Net Income from Fundraising Events | $48,127 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,460,688 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,802,350 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $623,547 |
| Compensation of current officers, directors, key employees. | $155,887 |
| Compensation to disqualified persons | $34,000 |
| Other salaries and wages | $7,646 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $36,909 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $28,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $18,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $72,885 |
| Advertising and promotion | $0 |
| Office expenses | $77,118 |
| Information technology | $5,130 |
| Royalties | $0 |
| Occupancy | $8,901 |
| Travel | $18,794 |
| 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 | $3,501 |
| Insurance | $6,805 |
| All other expenses | $0 |
| Total functional expenses | $2,756,852 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $391,232 |
| Savings and temporary cash investments | $62,489 |
| Pledges and grants receivable | $552,713 |
| 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 | $80,181 |
| Net Land, buildings, and equipment | $6,799 |
| Investments—publicly traded securities | $6,584,550 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,100 |
| Total assets | $7,681,064 |
| Accounts payable and accrued expenses | $84,326 |
| Grants payable | $0 |
| Deferred revenue | $134,375 |
| 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 | $218,701 |
| Net assets without donor restrictions | $7,289,833 |
| Net assets with donor restrictions | $172,530 |
| 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 | $7,681,064 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Broadcasters Foundation Of America has recieved totaling $1,900.
| Awarding Organization | Amount |
|---|---|
Richard J And Ellen G Bodorffcharitable Foundation Inc Easton, MD PURPOSE: GENERAL OPERATING GRANT | $1,900 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Witf Inc Harrisburg, PA | $54,156,408 | $17,466,259 |
Wxxi Public Broadcasting Council Rochester, NY | $26,835,003 | $14,361,773 |
Western New York Public Broadcasting Association Buffalo, NY | $20,445,081 | $15,235,511 |
Wqed Multimedia Pittsburgh, PA | $26,860,609 | $15,875,013 |
Geopath New York, NY | $2,097,357 | $11,766,480 |
Public Media Nj Inc New York, NY | $13,143,046 | $9,787,571 |
Wmht Educational Telecommunications Inc Troy, NY | $24,630,036 | $10,052,137 |
Democracy Now Productions Inc New York, NY | $36,977,400 | $9,199,755 |
Public Broadcasting Council Of Central New York Inc Old Liverpool Syracuse, NY | $17,299,983 | $6,896,548 |
Jta-Mjl New Corp New York, NY | $4,638,573 | $7,369,921 |
Movement Alliance Project Philadelphia, PA | $7,765,411 | $9,112,322 |
Markup News Inc New York, NY | $7,207,134 | $6,862,028 |