Fort Wayne Catholic Radio Group Inc
- Assets
- $859.9k
- Revenue
- $773.1k
- Investments
- $0.0
- Employees
- 16
- Location
- Fort Wayne, IN
- Founding
- 04/2004
- Data as of
- 12/2023
- EIN
- 22-3864296
Organization Overview
Fort Wayne Catholic Radio Group Inc, operating under the name Redeemer Radio, is located in Fort Wayne, IN. 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 12/2023, Redeemer Radio employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Redeemer 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 12/2023, Redeemer Radio generated $773.1k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
AMPLIFY THE VOICE OF THE CREATOR, BY FOSTERING CONTENT THAT INVITES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FORT WAYNE CATHOLIC RADIO GROUP WAS ORIGINALLY ESTABLISHED TO AIR CATHOLIC RADIO PROGRAMS TO A POTENTIAL LISTENING AUDIENCE OF 300,000. BECAUSE OF THE STEADY DECLINE OF RADIO LISTENERSHIP AND THE GROWING NUMBER OF PODCASTS BEING PRODUCED, IN 2021, FORT WAYNE CATHOLIC RADIO GROUP/DBA REDEEMER RADIO EXPANDED ITS OFFERINGS BY CREATING SPOKE STREET MEDIA, AN ONLINE PLATFORM THAT ALLOWS MORE ON-DEMAND CONTENT. NOW RATHER THAN HEARING FROM THE SAME 6-7 PEOPLE EACH WEEKDAY, WE CAN DRAW ON HUNDREDS OF DIFFERENT PROGRAMS, PODCASTS AND VOICES. THROUGH THESE NEW VOICES, REDEEMER RADIO AND SPOKE STREET MEDIA EDUCATE LISTENERS ON A BROAD RANGE OF TOPICS TO NURTURE THEIR SPIRITUAL, MENTAL, AND PHYSICAL HEALTH. SPOKE STREET MEDIA WAS ABLE TO REACH AN EXCESS OF 350,000 DOWNLOADS FROM ITS ONLINE PLATFORM FROM ALL OVER THE WORLD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cynthia Black Executive Di | Officer | 50 | $67,385 |
Matt Marshall Chair | OfficerTrustee | 1 | $0 |
Mike Ripley Vice Chair | OfficerTrustee | 1 | $0 |
Joseph Colone Finance Chai | OfficerTrustee | 1 | $0 |
Mary Flynt Secretary | OfficerTrustee | 1 | $0 |
Christian Davey Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $29,705 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $553,879 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $583,584 |
| Total Program Service Revenue | $117,178 |
| Investment income | $159 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $8,571 |
| Net Gain/Loss on Asset Sales | -$27,229 |
| Net Income from Fundraising Events | $23,571 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $773,112 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $30 |
| 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. | $70,628 |
| Compensation of current officers, directors, key employees. | $42,377 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $829,481 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $27,286 |
| Payroll taxes | $61,740 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $34,726 |
| Fees for services: Accounting | $1,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $54,059 |
| Advertising and promotion | $5,130 |
| Office expenses | $47,274 |
| Information technology | $57,890 |
| Royalties | $0 |
| Occupancy | $74,403 |
| Travel | $15,575 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,178 |
| Interest | $5,775 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,254 |
| Insurance | $16,540 |
| All other expenses | $0 |
| Total functional expenses | $1,372,698 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $853,905 |
| Savings and temporary cash investments | $0 |
| 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 | $981 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,000 |
| Total assets | $859,886 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $854,886 |
| Net assets with donor restrictions | $5,000 |
| 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 | $859,886 |