Genesis Radio Network Inc
- Assets
- $2.0m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 17
- Location
- Miramar, FL
- Founding
- 10/2006
- Data as of
- 12/2020
- EIN
- 20-2307367
Organization Overview
Genesis Radio Network Inc is located in Miramar, FL. The organization was established in 2006. 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 12/2021, Genesis Radio Network Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Genesis Radio Network Inc 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 12/2020, Genesis Radio Network Inc generated $1.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (8.9%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (5.0%) per year over the past 5 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE RADIO WAVES 883 FM OFFERING EDUCATIONAL ALTERNATIVE MUSIC IN MIAMI FLORIDA BROADCAST 24 HOURS A DAY SEVEN DAYS A WEEK
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENESIS RADIO NETWORK IS A MUSICAL ALTERNATIVE ON THE FM DIAL ALONG WITH A HEALTHY LIFESTYLE WHICH ALLOWS OUR LISTERNERS TO ENJOY PROGRAMS THAT ARE BOTH EDUCATIONAL AND DELIGHTFUL WE BROADCAST 24 HOURS A DAY WITH 75% OF OUR PROGRAMING DEDICATED TO MUSIC AND THE REST TO OUR SPONSORS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lemuel Ortiz Director | Trustee | 10 | $0 |
Carlos Ferreira Director | Trustee | 10 | $0 |
Mauricio Quintana Director | Trustee | 40 | $0 |
Edwin L Ortiz Director | Trustee | 10 | $0 |
Maria Arroyo Director | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,191,199 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,191,199 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,191,199 |
| 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 | $567,986 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $99,197 |
| Payroll taxes | $44,068 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $186,634 |
| Travel | $4,018 |
| 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 | $15,464 |
| Insurance | $0 |
| All other expenses | $187,136 |
| Total functional expenses | $1,453,553 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,488 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,340 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $365 |
| Prepaid expenses and deferred charges | $30,191 |
| Net Land, buildings, and equipment | $1,937,782 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,016,166 |
| 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 | $409,687 |
| Other liabilities | $364,589 |
| Total liabilities | $774,276 |
| Net assets without donor restrictions | $1,241,890 |
| 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 | $2,016,166 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Genesis Radio Network Inc has recieved totaling $1,027.
| Awarding Organization | Amount |
|---|---|
Vyuha Inc Miramar, FL PURPOSE: GENERAL SUPPORT | $500 |
Vyuha Inc Miramar, FL PURPOSE: GENERAL SUPPORT | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $27 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Z Ministries Inc Altamonte Springs, FL | $2,751,007 | $6,265,341 |
Key Life Network Inc Maitland, FL | $2,219,266 | $1,772,771 |
Genesis Radio Network Inc Miramar, FL | $2,016,166 | $1,191,199 |
Augusta Radio Fellowship Institute Inc Grovetown, GA | $10,451,546 | $1,051,845 |
Radio Waves Of Love Inc Hialeah, FL | $194,102 | $731,078 |
Archangel Communications Fairhope, AL | $635,232 | $463,224 |
Proclaim My Work Inc Dahlonega, GA | $2,497,591 | $306,292 |
Alabama Christian Radio Inc Opelika, AL | $139,159 | $340,204 |
Airwaves For Jesus Inc Fort Myers, FL | $189,775 | $244,136 |
Iwork4him Ministries Inc Davenport, FL | $34,102 | $0 |
Orthodox Christian Network Inc Sunny Isles Beach, FL | $400,771 | $482,978 |
Word Christian Broadcasting Inc Douglasville, GA | $576,412 | $192,110 |