Network 7 Media Center Inc
- Assets
- $56.3k
- Revenue
- $145.0k
- Investments
- $0.0
- Employees
- 3
- Location
- Chattanooga, TN
- Founding
- 05/2008
- Data as of
- 12/2021
- EIN
- 26-1720665
Organization Overview
Network 7 Media Center Inc is located in Chattanooga, TN. The organization was established in 2008. 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, Network 7 Media Center Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Network 7 Media Center 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, Network 7 Media Center Inc generated $145.0k 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 (8.9%) each year. All expenses for the organization totaled $113.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (13.4%) per year over the past 7 years. 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
PRODUCTION AND DISTRIBUTION OF CHRISTIAN LITERATURE AND MEDIA
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRODUCTION AND DISTRIBUTION OF CHRISTIAN LITERATURE AND MEDIA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Beason President | OfficerTrustee | 40 | $20,833 |
Dr Roddy Scarbrough Vice Preside | OfficerTrustee | 2 | $0 |
Don Van Ornam Director | Trustee | 2 | $0 |
Melissa Turner Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $16,146 |
| All other contributions, gifts, grants, and similar amounts not included above | $91,896 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $108,042 |
| Total Program Service Revenue | $36,944 |
| Investment income | $3 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| 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 | $144,989 |
| 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. | $20,833 |
| Compensation of current officers, directors, key employees. | $2,083 |
| Compensation to disqualified persons | $32,481 |
| Other salaries and wages | $25,156 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,005 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,470 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $436 |
| Advertising and promotion | $1,040 |
| Office expenses | $359 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,092 |
| Travel | $2,499 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,179 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,127 |
| Insurance | $437 |
| All other expenses | $132 |
| Total functional expenses | $113,483 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,545 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $21,712 |
| Loans from Officers, Directors, or Controlling Persons | $15,118 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $10,892 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $56,267 |
| Accounts payable and accrued expenses | $0 |
| 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 | $39,608 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $33,573 |
| Other liabilities | $0 |
| Total liabilities | $73,181 |
| Net assets without donor restrictions | -$16,914 |
| 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 | $56,267 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Network 7 Media Center Inc has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kingdom Advisors Inc Atlanta, GA | $2,502,254 | $6,265,667 |
Giving Company Alpharetta, GA | $1,622,291 | $5,896,509 |
New Song Ministries Inc Ball Ground, GA | $902,466 | $2,130,506 |
More Than Conquerors Inc Conyers, GA | $103,496 | $2,117,083 |
Daily Audio Bible Spring Hill, TN | $5,606,352 | $3,425,803 |
Creation Ministries Internationalus Inc Powder Springs, GA | $3,372,282 | $1,982,729 |
Gathering Place Inc Brunswick, GA | $3,552,096 | $2,598,563 |
Don Shire Ministries Inc Bedford, VA | $1,411,136 | $1,174,975 |
Arrabon Richmond, VA | $1,550,749 | $2,350,562 |
Somerset Educational Broadcasting Foundation Somerset, KY | $562,912 | $918,538 |
Immanuel Broadcasting Network Inc Cartersville, GA | $359,899 | $759,511 |
Catholics Come Home Inc Roswell, GA | $3,719,225 | $475,165 |