Gratis 7 Media Group Inc
- Assets
- $93.2k
- Revenue
- $473.0
- Investments
- $0.0
- Employees
- 0
- Location
- Boulder, CO
- Founding
- 08/2009
- Data as of
- 12/2021
- EIN
- 26-0139992
Organization Overview
Gratis 7 Media Group Inc is located in Boulder, CO. The organization was established in 2009. According to its NTEE Classification (A30) the organization is classified as: Media & Communications, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gratis 7 Media Group Inc 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, Gratis 7 Media Group Inc generated $473.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (49.2%) each year. All expenses for the organization totaled $31.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL TRAININGS, SCREENINGS OF REDEMPTIVE CHRISTIAN FILMS AND FILM PRODUCTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas C Johnstone President | 40 | $12,000 | |
Reuben Zylstra Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $468 |
| Total Revenue | $473 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $12,000 |
| Other employee salaries and wages | $6,000 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,377 |
| Depreciation | $90 |
| Occupancy | $3,088 |
| Travel, conferences, and meetings | $2,196 |
| Printing and publications | $0 |
| Other expenses | $2,929 |
| Total operating and administrative expenses | $31,855 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $31,855 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $51,728 |
| Savings and temporary cash investments | $40,000 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $1,433 |
| Other assets | $0 |
| Total assets | $93,161 |
| Accounts payable and accrued expenses | $18 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $320 |
| Total liabilities | $338 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Gratis 7 Media Group Inc has recieved totaling $48,750.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: CULTURE | $32,500 |
Impact Investing Charitable Foundation Inc Overland Park, KS PURPOSE: HUMANITARIAN HELP | $16,250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Broadcasting Inc Overland Park, KS | $6,691,384 | $2,767,023 |
Indij Public Media Phoenix, AZ | $636,759 | $2,879,703 |
Kanza Society Inc High Plains Public Radio Garden City, KS | $3,794,036 | $1,212,601 |
Rocky Mountain Student Media Corporation Fort Collins, CO | $813,108 | $1,442,910 |
Health Industry Business Phoenix, AZ | $17,700,815 | $3,199,699 |
Council Of Graduate Programs In Communication Sciences And Disorde Indian Hills, CO | $2,144,820 | $1,313,655 |
National Agri Marketing Association Inc Leawood, KS | $318,457 | $1,021,517 |
Foundation For Creative Broadcasting Inc Tucson, AZ | $1,222,600 | $1,154,421 |
Greeting Card Association Aurora, CO | $487,040 | $1,005,397 |
Books To Life Centennial, CO | $256,795 | $1,093,707 |
Oklahoma Watch Inc Oklahoma City, OK | $563,397 | $1,089,252 |
Grow Nebraska Inc Kearney, NE | $415,882 | $888,059 |