Bloomington Community Radio Inc
- Assets
- $569.2k
- Revenue
- $454.1k
- Investments
- $0.0
- Employees
- 7
- Location
- Bloomington, IN
- Founding
- 08/1978
- Data as of
- 09/2023
- EIN
- 31-0935271
Organization Overview
Bloomington Community Radio Inc, operating under the name Wfhb, is located in Bloomington, IN. The organization was established in 1978. 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 09/2023, Wfhb employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wfhb 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 09/2023, Wfhb generated $454.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.9% each year. All expenses for the organization totaled $431.0k during the year ending 09/2023. While expenses have increased by 7.9% per year over the past 7 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
WFHB EXISTS TO PROVIDE AN OPEN FORUM FOR THE EXCHANGE AND DISCUSSION OF IDEAS AND ISSUES, AND TO CELEBRATE AND TO INCREASE LOCAL CULTURAL DIVERSITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR MAIN PROGRAM SERVICE IS THE OPERATION OF WFHB-FM, A NON-COMMERCIAL COMMUNITY RADIO STATION BASED IN BLOOMINGTON, IN. WFHB EXISTS TO PROVIDE AN OPEN FORUM FOR THE EXCHANGE AND DISCUSSION OF IDEAS AND ISSUES, AND TO CELEBRATE AND INCREASE THE LOCAL CULTURAL DIVERSITY. WFHB ENVISIONS A SUSTAINABLE, DIVERSE, PARTICIPATORY MULTIMEDIA SERVICE THAT CONTRIBUTES TO AN ENTERTAINED, INFORMED AND EMPOWERED COMMUNITY. WFHB'S MUSIC, NEWS AND PUBLIC AFFAIRS PROGRAMMING IS AVAILABLE TO A SERVICE AREA POPULATION OF 161,611 VIA OUR TERRESTRIAL RADIO BROADCAST FACILITIES, AND A LARGER NATIONAL AND INTERNATIONAL AUDIENCE WITH LIVE STREAMING, ARCHIVED CONTENT AND PODCASTS VIA OUR WEBSITE (WFHB.ORG), AND IS ALSO DISTRIBUTED THROUGHT PUBLIC MEDIA DISTRIBUTION SERVICES SUCH AS PRX. THIS PROGRAMMING IS PROVIDED TWENTY-FOUR HOURS PER DAY, 365 DAYS PER YEAR. OVER TWO THOUSAND HOURS OF ORIGINAL LOCAL NEWS AND PUBLIC AFFAIRS PROGRAMMING IS CREATED BY OUR VOLUNTEER BASE, SUPERVISED BY A FULL-TIME SALARIED NPA DIRECTOR AND A PART-TIME ASSISTANT DIRECTOR. ALL OF THIS CONTENT IS BROADCAST AND DISTRIBUTED BY MEANS OF OUR FM TERRESTRIAL BROADCASTING CHANNELS AND INTERNET BASED OUTLETS. THE SHORT- AND LONG-TERM GOALS OF THIS PROGRAM ARE TO PROVIDE LOCAL NEWS AND PUBLIC AFFAIRS CONTENT THAT WOULD NOT OTHERWISE BE AVAILABLE TO OUR SERVICE AUDIENCE, IN CAREFUL ALIGNMENT OF OUR OVERALL MISSION AND VISION STATEMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Turner General Manager | Officer | 40 | $47,570 |
Chuck Beckett Interim Secreta | OfficerTrustee | 10 | $0 |
Emily Jackson President | OfficerTrustee | 20 | $0 |
Mark Hood Treasurer | OfficerTrustee | 20 | $0 |
Darran Mosley Director | Trustee | 10 | $0 |
Sarah Taylor Director | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $105,792 |
| All other contributions, gifts, grants, and similar amounts not included above | $305,864 |
| Noncash contributions included in lines 1a–1f | $9,173 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $411,656 |
| Total Program Service Revenue | $37,785 |
| Investment income | $3,183 |
| 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 | $454,086 |
| 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. | $47,570 |
| Compensation of current officers, directors, key employees. | $7,443 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $201,094 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,166 |
| Advertising and promotion | $12,392 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $26,220 |
| Travel | $1,299 |
| 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 | $10,164 |
| Insurance | $4,728 |
| All other expenses | $14,310 |
| Total functional expenses | $430,952 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $77,119 |
| Savings and temporary cash investments | $308,015 |
| Pledges and grants receivable | $105,274 |
| Accounts receivable, net | $0 |
| 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 | $78,793 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $569,201 |
| Accounts payable and accrued expenses | $18,054 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $18,054 |
| Net assets without donor restrictions | $394,137 |
| Net assets with donor restrictions | $157,010 |
| 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 | $569,201 |