Heritage Radio Network Inc
- Assets
- $543.5k
- Revenue
- $266.0k
- Investments
- $0.0
- Employees
- 12
- Location
- Brooklyn, NY
- Founding
- 02/2012
- Data as of
- 12/2023
- EIN
- 27-5438148
Organization Overview
Heritage Radio Network Inc is located in Brooklyn, NY. The organization was established in 2012. 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, Heritage Radio Network Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heritage Radio Network 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 12/2023, Heritage Radio Network Inc generated $266.0k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $772.9k during the year ending 12/2023. 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
THE RADIO STATION OFFERS A MEDIA OUTLET FOR ENTERPRENEURS, ARTISTS, FARMERS, WRITERS AND CHEFS. THE RADIO INFORMS ITS LISTENERS ABOUT NEW TECHNOLOGIES, ENVIRONMENTAL PRACTICES, AND SUSTAINABILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES MEDIA SERVICES TO THE GENERAL PUBLIC. THE COMPANY SERVES AS A MEDIA OUTLET FOR ENTREPRENEURS, ARTISTS, FARMERS, ARCHITECTS, WRITERS AND CHEFS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Liza Hamm Chair | OfficerTrustee | 10 | $0 |
Brian Kenny Director | Trustee | 10 | $0 |
Chadwick Boyd Director | Trustee | 2 | $0 |
Brandon Hoy Director | Trustee | 2 | $0 |
Julie Shaffer Director | Trustee | 2 | $0 |
Esther Trakinski Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $11,716 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $238,446 |
| Noncash contributions included in lines 1a–1f | $33,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $250,162 |
| Total Program Service Revenue | $7,284 |
| Investment income | $8,575 |
| 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 | $266,021 |
| 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 | $400,606 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,482 |
| Payroll taxes | $24,803 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,500 |
| Fees for services: Accounting | $16,293 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $131,646 |
| Advertising and promotion | $7,060 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,129 |
| Travel | $5,281 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $36,034 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $43,334 |
| Insurance | $8,323 |
| All other expenses | $5,715 |
| Total functional expenses | $772,948 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $522,857 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $16,500 |
| 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 | $880 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,300 |
| Total assets | $543,537 |
| Accounts payable and accrued expenses | $23,852 |
| 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 | $979,400 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,003,252 |
| Net assets without donor restrictions | -$459,715 |
| 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 | $543,537 |