Montrose Broadcasting Corporation
- Assets
- $2.9m
- Revenue
- $1.3m
- Investments
- $213.4k
- Employees
- 18
- Location
- Montrose, PA
- Founding
- 11/1967
- Data as of
- 12/2022
- 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 12/2023, Montrose Broadcasting Corporation employed 18 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 12/2022, 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 6.3% each year. All expenses for the organization totaled $1.2m during the year ending 12/2022. While expenses have increased by 3.2% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF CHRISTIAN RADIO STATIONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF CHRISTIAN RADIO STATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James R Baker President | OfficerTrustee | 40 | $85,831 |
Robert Davies Vice President | OfficerTrustee | 1 | $0 |
William Beeman Treasurer | OfficerTrustee | 1 | $0 |
Robert Yarger Director | Trustee | 1 | $0 |
Deborah Dressler Director | Trustee | 1 | $0 |
Robert Owens 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 | $999,499 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $999,499 |
| Total Program Service Revenue | $216,429 |
| Investment income | $9,837 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $6,000 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $115,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,346,765 |
| 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. | $77,998 |
| Compensation of current officers, directors, key employees. | $31,199 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $470,233 |
| Pension plan accruals and contributions | $58,824 |
| Other employee benefits | $0 |
| Payroll taxes | $41,547 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $30,354 |
| Fees for services: Accounting | $10,500 |
| 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 | $14,728 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $37,804 |
| 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 | $78,157 |
| Insurance | $133,212 |
| All other expenses | $47,931 |
| Total functional expenses | $1,224,371 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $345,589 |
| Savings and temporary cash investments | $776,735 |
| 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 | $8,932 |
| Net Land, buildings, and equipment | $1,434,242 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $213,416 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $113,023 |
| Total assets | $2,891,937 |
| Accounts payable and accrued expenses | $40,286 |
| Grants payable | $0 |
| Deferred revenue | $422,371 |
| 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 | $108,780 |
| Total liabilities | $571,437 |
| Net assets without donor restrictions | $2,255,978 |
| Net assets with donor restrictions | $64,522 |
| 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 | $2,891,937 |