Montrose Broadcasting Corporation
- Assets
- $2.7m
- Revenue
- $1.3m
- Investments
- $187.3k
- Employees
- 16
- Location
- Montrose, PA
- Founding
- 11/1967
- Data as of
- 12/2021
- EIN
- 23-1672821
Organization Overview
Montrose Broadcasting Corporation is located in Montrose, PA. The organization was established in 1967. According to its NTEE Classification (X80) the organization is classified as: Religious Media & Communications, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Montrose Broadcasting Corporation employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montrose Broadcasting Corporation 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, Montrose Broadcasting Corporation generated $1.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $1.0m during the year ending 12/2021. While expenses have increased by 0.4% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF CHRISTIAN RADIO STATIONS
Describe the Organization's Program Activity:
OPERATION OF CHRISTIAN RADIO STATIONS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James R Baker President | OfficerTrustee | 40 | $79,243 |
William Beeman Secretary | OfficerTrustee | 1 | $0 |
Charles Scott Jr Treasurer | OfficerTrustee | 1 | $0 |
Robert Davies Vice President | OfficerTrustee | 1 | $0 |
Deborah Dressler Director | Trustee | 1 | $0 |
Robert Yarger Director | Trustee | 1 | $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 | $1,033,093 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,033,093 |
| Total Program Service Revenue | $205,858 |
| Investment income | $12,762 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $13,914 |
| 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 | $1,265,627 |
| 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. | $73,588 |
| Compensation of current officers, directors, key employees. | $29,435 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $426,393 |
| Pension plan accruals and contributions | $49,584 |
| Other employee benefits | $0 |
| Payroll taxes | $37,968 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,029 |
| Fees for services: Accounting | $10,740 |
| 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 | $17,605 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $36,840 |
| 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 | $45,281 |
| Insurance | $125,379 |
| All other expenses | $50,740 |
| Total functional expenses | $1,022,130 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $476,122 |
| Savings and temporary cash investments | $1,079,907 |
| 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 | $8,183 |
| Net Land, buildings, and equipment | $940,508 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $187,289 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,692,009 |
| Accounts payable and accrued expenses | $82,159 |
| Grants payable | $0 |
| Deferred revenue | $437,875 |
| 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 | $520,034 |
| Net assets without donor restrictions | $2,117,400 |
| Net assets with donor restrictions | $54,575 |
| 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 | $2,692,009 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Montrose Broadcasting Corporation has recieved totaling $2,175.
| Awarding Organization | Amount |
|---|---|
Oliver Reeder Herman Memorial Tr Trout Run, PA PURPOSE: RADIO MINISTRY | $2,175 |
Endowment Analysis
| Beg. Balance | $22,188 |
| Ending Balance | $22,188 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Focus In Chinuch Inc Monroe, NY | $2,386,995 | $7,187,365 |
Torah Center For Higher Rabbinical Studies Inc Brooklyn, NY | $48,469 | $4,157,555 |
Odyssey Impact Inc New York, NY | $1,159,274 | $2,787,083 |
Strong Tower Christian Media Xenia, OH | $3,164,622 | $2,058,080 |
The Word Forum Inc Katonah, NY | $525,474 | $1,366,303 |
Gye Corp Baltimore, MD | $440,830 | $1,314,204 |
Lahak Hanochos Inc Brooklyn, NY | $1,010,421 | $1,261,386 |
Friends Publishing Corporation Philadelphia, PA | $3,645,326 | $1,330,635 |
Aliento Vision Hispanic Family Network Inc Corona, NY | $123,445 | $1,074,940 |
Montrose Broadcasting Corporation Montrose, PA | $2,692,009 | $1,265,627 |
Sound Of Life Inc Lake Katrine, NY | $610,471 | $874,575 |
Servant Of Jesus & Mary Malone, NY | $483,722 | $495,612 |