Back Porch Radio Broadcasting Inc Wort Radio
- Assets
- $987.7k
- Revenue
- $891.8k
- Investments
- $0.0
- Employees
- 18
- Location
- Madison, WI
- Founding
- 05/1974
- Data as of
- 12/2023
- EIN
- 23-7328965
Organization Overview
Back Porch Radio Broadcasting Inc Wort Radio, operating under the name Wort-Fm, is located in Madison, WI. The organization was established in 1974. 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 12/2023, Wort-Fm employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wort-Fm 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, Wort-Fm generated $891.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $884.0k during the year ending 12/2023. While expenses have increased by 2.5% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
NON-COMMERCIAL EDUCATIONAL RADIO STATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
NON-COMMERCIAL,LISTENER-SPONSORED, MEMBER CONTROLLED COMMUNITY RADIO STATION BROADCASTING TO SC WI.PROVIDES CULTURALLY DIVERSE PROGRAMMING TO FACILITATE COMMUNITY EXPRESSION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Doug Holtz Director | Trustee | 40 | $48,563 |
Stuart Levitan President | OfficerTrustee | 4 | $0 |
Laura Gutknecht Vice President | OfficerTrustee | 4 | $0 |
Daniel Graupner Secretary | OfficerTrustee | 4 | $0 |
Ashley Roberts Treasurer | OfficerTrustee | 4 | $0 |
Rebecca Barber Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $104,436 |
| All other contributions, gifts, grants, and similar amounts not included above | $688,957 |
| Noncash contributions included in lines 1a–1f | $12,018 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $793,393 |
| Total Program Service Revenue | $38,541 |
| Investment income | $5,286 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $54,585 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $891,805 |
| 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. | $48,563 |
| Compensation of current officers, directors, key employees. | $7,770 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $404,555 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $74,189 |
| Payroll taxes | $35,789 |
| 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 | $13,495 |
| Advertising and promotion | $0 |
| Office expenses | $125,645 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $22,263 |
| Travel | $989 |
| 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 | $64,981 |
| Insurance | $0 |
| All other expenses | $12,018 |
| Total functional expenses | $883,983 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $560,586 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $14,606 |
| 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 | $2,902 |
| Prepaid expenses and deferred charges | $40,991 |
| Net Land, buildings, and equipment | $173,471 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $52,169 |
| Intangible assets | $0 |
| Other assets | $143,023 |
| Total assets | $987,748 |
| Accounts payable and accrued expenses | $45,729 |
| 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 | $150,058 |
| Total liabilities | $195,787 |
| Net assets without donor restrictions | $738,815 |
| Net assets with donor restrictions | $53,146 |
| 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 | $987,748 |