Kodiak Public Broadcasting Corporation
- Assets
- $1.4m
- Revenue
- $906.1k
- Investments
- $0.0
- Employees
- 10
- Location
- Kodiak, AK
- Founding
- 01/1975
- Data as of
- 06/2021
- EIN
- 23-7422357
Organization Overview
Kodiak Public Broadcasting Corporation is located in Kodiak, AK. The organization was established in 1975. According to its NTEE Classification (A30) the organization is classified as: Media & Communications, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Kodiak Public Broadcasting Corporation employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kodiak Public 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 06/2021, Kodiak Public Broadcasting Corporation generated $906.1k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $600.8k during the year ending 06/2021. While expenses have increased by 0.2% 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
THE MISSION OF KODIAK PUBLIC BROADCASTING CORPORATION IS TO EDUCATE, ENTERTAIN, ENLIGHTEN, AND EMPOWER THE PUBLIC; TO FOSTER A DEEPER UNDERSTANDING OF EVENTS, IDEAS AND CULTURES IN A FAIR AND RESPONSIBLE MANNER; TO PROVIDE A COMMUNICATIONS AND EMERGENCY LINK; AND TO ENCOURAGE PUBLIC PARTICIPATION IN THIS MISSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
KMXT PROVIDES PRODUCTION AND BROADCAST OF RADIO SERVICE TO THE KODIAK REGION. THE LISTENER BASE IS VERY DIVERSE AND MULTI-CULTURAL. THE ORGANIZATION'S TARGET AUDIENCE INCLUDES SMALL VILLAGES, THE URBAN AREA OF THE CITY OF KODIAK, THE US COAST GUARD STATION, THE FISHING FLEET, AND SHORE-BASED FISH PROCESSORS. STORIES OF BOTH LOCAL AND NATIONAL INTEREST ARE PRODUCED BY KMXT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Wall General Mana | Officer | 40 | $74,854 |
Kathrynn Hollis-Buchanan Treasurer | OfficerTrustee | 2 | $0 |
Mary Forbes President | OfficerTrustee | 2 | $0 |
Melissa Witteveen Vice Preside | OfficerTrustee | 2 | $0 |
Judith Philips Secretary | OfficerTrustee | 2 | $0 |
Rae Jean Blaschka Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $110,467 |
| Fundraising events | $1,834 |
| Related organizations | $0 |
| Government grants | $89,835 |
| All other contributions, gifts, grants, and similar amounts not included above | $545,978 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $748,114 |
| Total Program Service Revenue | $69,639 |
| Investment income | $13,454 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$1,344 |
| Net Income from Gaming Activities | $79,768 |
| Net Income from Sales of Inventory | -$3,553 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $906,078 |
| 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. | $76,742 |
| Compensation of current officers, directors, key employees. | $19,185 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $180,349 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $61,378 |
| Payroll taxes | $58,261 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $275 |
| Fees for services: Accounting | $27,505 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,666 |
| Fees for services: Other | $1,254 |
| Advertising and promotion | $0 |
| Office expenses | $30,997 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,742 |
| Travel | $27,261 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $557 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $30,250 |
| Insurance | $6,317 |
| All other expenses | $69,213 |
| Total functional expenses | $600,767 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $558,941 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,476 |
| 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 | $7,662 |
| Net Land, buildings, and equipment | $288,639 |
| Investments—publicly traded securities | $507,880 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | -$741 |
| Total assets | $1,375,857 |
| Accounts payable and accrued expenses | $31,814 |
| Grants payable | $0 |
| Deferred revenue | $20,738 |
| 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 | $52,552 |
| Net assets without donor restrictions | $1,323,305 |
| Net assets with donor restrictions | $0 |
| 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 | $1,375,857 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Kodiak Public Broadcasting Corporation has recieved totaling $69,615.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $69,536 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $79 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alaska Public Media Inc Anchorage, AK | $7,919,785 | $7,423,593 |
Koahnic Broadcast Corporation Anchorage, AK | $7,143,446 | $4,937,207 |
Bethel Broadcasting Inc Bethel, AK | $5,009,666 | $2,966,906 |
The Alliance For Media Arts - Culture Inc Spokane, WA | $547,463 | $447,626 |
Kachemak Bay Broadcasting Inc Homer, AK | $1,283,768 | $716,685 |
Kotzebue Broadcasting Inc Kotzebue, AK | $1,161,353 | $748,077 |
Kodiak Public Broadcasting Corporation Kodiak, AK | $1,375,857 | $906,078 |
Lynn Canal Broadcasting Haines, AK | $595,056 | $677,967 |
Investigatewest Seattle, WA | $222,320 | $393,030 |
Overseas Radio & Television Inc Kirkland, WA | $1,035,797 | $753,220 |
Pickle Hill Public Broadcasting Inc Kenai, AK | $593,877 | $550,282 |
Big River Broadcasting Corporation Galena, AK | $648,228 | $661,583 |