Calvary Radio Network
- Assets
- $565.4k
- Revenue
- $862.9k
- Investments
- $0.0
- Employees
- 2
- Location
- Valparaiso, IN
- Founding
- 08/2010
- Data as of
- 06/2022
- EIN
- 27-0543000
Organization Overview
Calvary Radio Network is located in Valparaiso, IN. The organization was established in 2010. According to its NTEE Classification (X84) the organization is classified as: Religious Radio, under the broad grouping of Religion-Related and related organizations. As of 06/2022, Calvary Radio Network employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Calvary Radio Network 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 06/2022, Calvary Radio Network generated $862.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $545.9k during the year ending 06/2022. 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
RADIO BROADCASTING OF RELIGIOUS AND EDUCATIONAL PROGRAMMING
Describe the Organization's Program Activity:
Part 3 - Line 4a
BROADCAST RELIGIOUS PROGRAMMING THROUGH THE USE OF A NON COMMERCIAL RADIO NETWORK. THE BROADCAST OF THE RELIGIOUS PROGRAMMING IS PROVIDED BY DIRECT CONTRIBUTIONS. PROGRAMS ARE BROADCAST THROUGH A SATELLITE LINK TO LOCAL TRANSLATORS AND FULL POWER RADIO STATIONS THROUGHOUT THE UNITED STATES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Motshagen President | Officer | 60 | $0 |
Thomas Worthington Secretary | Officer | 4 | $0 |
Phillip F Ballmaier Director | Trustee | 2 | $0 |
James Goodmon Director | Trustee | 2 | $0 |
David Hole Director | Trustee | 2 | $0 |
Mark Reckcowsky Director | Trustee | 2 | $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 | $366,453 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $366,453 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $41,006 |
| Net Gain/Loss on Asset Sales | $455,422 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $862,881 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $50,928 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,991 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $26,498 |
| Fees for services: Accounting | $1,200 |
| 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 | $2,683 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $19,081 |
| 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 | $40,959 |
| Insurance | $8,021 |
| All other expenses | $66,207 |
| Total functional expenses | $545,875 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $125,491 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $47,060 |
| 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 | $0 |
| Net Land, buildings, and equipment | $392,839 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $565,390 |
| Accounts payable and accrued expenses | $92,316 |
| 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 | $24,974 |
| Other liabilities | $37,000 |
| Total liabilities | $154,290 |
| Net assets without donor restrictions | $411,100 |
| 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 | $565,390 |
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|---|---|---|
Sonset Solutions Inc Elkhart, IN | $3,460,253 | $2,234,092 |
Fort Wayne Catholic Radio Group Inc Fort Wayne, IN | $1,612,895 | $1,190,616 |
Calvary Radio Network Valparaiso, IN | $565,390 | $862,881 |
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Real Life Radio Foundation Inc Wayne City, IL | $0 | $150,050 |