Newark Public Radio Inc
- Assets
- $5.6m
- Revenue
- $5.6m
- Investments
- $0.0
- Employees
- 53
- Location
- Newark, NJ
- Founding
- 04/1979
- Data as of
- 09/2021
- EIN
- 22-2137728
Organization Overview
Newark Public Radio Inc is located in Newark, NJ. The organization was established in 1979. According to its NTEE Classification (A34) the organization is classified as: Radio, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 09/2021, Newark Public Radio Inc employed 53 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Newark Public Radio 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 09/2021, Newark Public Radio Inc generated $5.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $4.9m during the year ending 09/2021. While expenses have increased by 0.5% per year over the past 6 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
WBGO IS A PUBLICLY SUPPORTED CULTURAL INSTITUTION THAT CHAMPIONS JAZZ, AN AMERICAN ART FORM, AND NEWS TO A WORLDWIDE AUDIENCE THROUGH RADIO AT 88.3 FM AND WEBSITE AT WBGO.ORG.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL ACTIVITIES AND EXPENSES RELATE TO OPERATING NEW JERSEY'S LARGEST NPR AFFILIATED, PROFESSIONAL NON-COMMERCIAL RADIO STATION. WBGO'S BROADCAST SIGNAL COVERS SIGNIFICANT PORTIONS OF THE TRI-STATE, METRO-AREA WITH EDUCATIONAL, INFORMATIONAL, AND JAZZ PROGRAMMING. WBGO PROMOTES ITSELF VIA A WEBSITE (WWW.WBGO.ORG) AND STREAMS ITS BROADCAST SIGNAL DIGITALLY VIA THE INTERNET AND CELL PHONE TECHNOLOGY. (SEE SCHEDULE O FOR DETAIL)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Williams President | OfficerTrustee | 40 | $135,000 |
Jonathan Chimene CFO | OfficerTrustee | 40 | $120,231 |
Gen Tullock VP Of Finance & Admin | OfficerTrustee | 40 | $74,782 |
Karl Frederic Chair | OfficerTrustee | 2 | $0 |
David Weiner Treasurer | OfficerTrustee | 2 | $0 |
Bill Hofstetter Secretary | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lowenstein Sandler Llp Legal | 9/29/21 | $220,746 |
Robert Ottenhoff Management | 9/29/21 | $155,560 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,052,097 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,590,887 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,642,984 |
| Total Program Service Revenue | $672,192 |
| Investment income | $18,886 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $126,909 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,558,972 |
| 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. | $330,013 |
| Compensation of current officers, directors, key employees. | $82,054 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,095,605 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $448,546 |
| Payroll taxes | $0 |
| Fees for services: Management | $646,822 |
| Fees for services: Legal | $60,815 |
| Fees for services: Accounting | $34,157 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $60,275 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $29,440 |
| Advertising and promotion | $140,949 |
| Office expenses | $294,508 |
| Information technology | $71,187 |
| Royalties | $0 |
| Occupancy | $173,055 |
| Travel | $13,696 |
| 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 | $114,621 |
| Insurance | $121,667 |
| All other expenses | $0 |
| Total functional expenses | $4,889,210 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,556,590 |
| Pledges and grants receivable | $517,743 |
| Accounts receivable, net | $529,667 |
| 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 | $105,810 |
| Net Land, buildings, and equipment | $1,230,984 |
| Investments—publicly traded securities | $626,008 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,566,802 |
| Accounts payable and accrued expenses | $301,016 |
| 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 | $568,334 |
| Other liabilities | $28,306 |
| Total liabilities | $897,656 |
| Net assets without donor restrictions | $3,360,039 |
| Net assets with donor restrictions | $1,309,107 |
| 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 | $5,566,802 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Newark Public Radio Inc has recieved totaling $100.
| Awarding Organization | Amount |
|---|---|
Gannett Foundations Inc Mclean, VA PURPOSE: CHARITABLE PURPOSE | $100 |
Endowment Analysis
| Beg. Balance | $878,999 |
| Earnings | $18,886 |
| Other Expense | $18,886 |
| Ending Balance | $878,999 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wamc Albany, NY | $11,819,867 | $7,774,367 |
Pittsburgh Community Broadcasting Corporation Pittsburgh, PA | $14,757,742 | $7,221,398 |
Futuro Media Group New York, NY | $3,357,406 | $5,947,446 |
Radio Kingston Corp Kingston, NY | $13,807,163 | $9,634,133 |
Newark Public Radio Inc Newark, NJ | $5,566,802 | $5,558,972 |
Auricle Communications Jersey City, NJ | $6,547,591 | $2,964,645 |
Radio Ambulante Studios Inc New York, NY | $688,433 | $1,869,145 |
Four Rivers Community Broadcasting Corporation Harleysville, PA | $5,233,396 | $1,844,521 |
Childrens Radio Foundation New York, NY | $112,126 | $1,170,819 |
Delaware First Media Corporation Dover, DE | $420,310 | $885,007 |
Wave Farm Inc Acra, NY | $1,255,039 | $836,950 |
Radio Jesus Es El Senor Inc Union City, NJ | $15,549 | $622,294 |