Word Broadcasting Network Inc
- Assets
- $8.9m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 40
- Location
- Louisville, KY
- Founding
- 10/2016
- Data as of
- 12/2021
- EIN
- 31-1080069
Organization Overview
Word Broadcasting Network Inc is located in Louisville, KY. The organization was established in 2016. According to its NTEE Classification (X82) the organization is classified as: Religious Television, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Word Broadcasting Network Inc employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Word Broadcasting 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 12/2021, Word Broadcasting Network Inc generated $3.8m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $3.3m during the year ending 12/2021. 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
TO SUPPORT CHRISTIAN BROADCASTING AND PROGRAMMING. BUY AND SELL TELEVISION AND RADIO STATIONS FOR THE ABOVE PURPOSE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL REVENUE GENERATED BY RADIO AND TV BROADCASTING.
NONE THIS YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert W Rodgers President | OfficerTrustee | 60 | $100,000 |
Name Not Listed Vice President | OfficerTrustee | 50 | $54,984 |
Rachel Rodgers Director | Trustee | 40 | $31,309 |
Charles A Brewster Sr Director | Trustee | 1 | $0 |
Walter G Hallam Director | Trustee | 1 | $0 |
Charles Kevin Mcknight Director | Trustee | 10 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $3,555,676 |
| Investment income | $0 |
| 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 | $3,811,676 |
| 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. | $391,431 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $1,042,994 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $86,699 |
| Payroll taxes | $106,292 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $491,362 |
| 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 | $0 |
| Advertising and promotion | $1,600 |
| Office expenses | $8,157 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $32,908 |
| Travel | $13,248 |
| 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 | $101,822 |
| Insurance | $82,496 |
| All other expenses | $669,319 |
| Total functional expenses | $3,337,541 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $61,986 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $598,690 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,976,457 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $6,266,281 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,903,414 |
| Accounts payable and accrued expenses | $1,174,156 |
| 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 | $1,308,948 |
| Unsecured mortgages and notes payable | $2,480,778 |
| Other liabilities | $0 |
| Total liabilities | $4,963,882 |
| Net assets without donor restrictions | $3,939,532 |
| 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 | $8,903,414 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Three Angels Broadcasting Network Inc West Frankfort, IL | $81,435,575 | $16,993,879 |
Tct Ministries Inc Marion, IL | $14,139,992 | $10,751,910 |
Word Broadcasting Network Inc Louisville, KY | $8,903,414 | $3,811,676 |
Total Living International Inc Plainfield, IL | $356,017 | $1,420,912 |
Unlocking The Bible Barrington, IL | $1,316,955 | $3,252,537 |
Living Faith Ministries Inc Bristol, VA | $15,068,859 | $2,998,597 |
32 North Media Inc Chesapeake, VA | $1,341,963 | $1,226,574 |
Faith Community Television Inc Marion, IL | $945,157 | $663,063 |
Beyond The Walls Inc Martinsville, VA | $0 | $244,634 |
Promise Of Hope Ministries Chattanooga, TN | $632,009 | $122,229 |
R D Henton Evangelistic Foundation Chicago, IL | $15,478 | $0 |
Isaac Tv canfield, OH | $29,397 | $0 |