Sacred Heart Radio Inc
- Assets
- $2.9m
- Revenue
- $852.3k
- Investments
- $0.0
- Employees
- 8
- Location
- Cincinnati, OH
- Founding
- 05/1998
- Data as of
- 12/2020
- EIN
- 31-1585255
Organization Overview
Sacred Heart Radio Inc is located in Cincinnati, OH. The organization was established in 1998. 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 12/2021, Sacred Heart Radio Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sacred Heart Radio 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 12/2020, Sacred Heart Radio Inc generated $852.3k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $753.3k during the year ending 12/2020. While expenses have increased by 4.0% per year over the past 6 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROCLAIM THE GOSPEL OF JESUS CHRIST IN THE ROMAN CATHOLIC TRADITION
Describe the Organization's Program Activity:
BROADCASTS CHRISTIAN MUSIC AND TALK TO AN AUDIENCE OF APPROXIMATELY 100,000
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Father Stef Bankemper President | Officer | $0 | |
Marilyn Cozzi Secretary | Officer | $0 | |
Raymond Knueven Treasurer | Officer | $0 | |
Father Jason Bedel Trustee | Trustee | $0 | |
Father Tom Wray Trustee | Trustee | $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 | $502,589 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $502,589 |
| Total Program Service Revenue | $301,708 |
| Investment income | $40,017 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,996 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $852,310 |
| 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 | $385,780 |
| Pension plan accruals and contributions | $10,109 |
| Other employee benefits | $56,741 |
| Payroll taxes | $26,918 |
| Fees for services: Management | $9,177 |
| Fees for services: Legal | $1,425 |
| Fees for services: Accounting | $1,563 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,094 |
| Office expenses | $25,623 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $39,823 |
| Travel | $0 |
| 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 | $86,428 |
| Insurance | $8,504 |
| All other expenses | $703 |
| Total functional expenses | $753,323 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $334,585 |
| Savings and temporary cash investments | $946,132 |
| Pledges and grants receivable | $0 |
| 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 | $183,081 |
| Investments—publicly traded securities | $596,542 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $794,661 |
| Other assets | $0 |
| Total assets | $2,855,001 |
| Accounts payable and accrued expenses | $4,056 |
| 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 | $36 |
| Total liabilities | $4,092 |
| Net assets without donor restrictions | $2,850,909 |
| 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 | $2,855,001 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Sacred Heart Radio Inc has recieved totaling $23,791.
| Awarding Organization | Amount |
|---|---|
Greater Cincinnati Foundation Cincinnati, OH PURPOSE: GENERAL PURPOSE | $21,700 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $2,091 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
River Radio Ministries Columbus, OH | $6,630,255 | $4,393,639 |
Russian Broadcasting Network Inc Southampton, PA | $342,255 | $1,939,456 |
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 |
Good News Media Inc Traverse City, MI | $1,795,301 | $1,267,658 |
St Gabriel Radio Inc Columbus, OH | $3,809,476 | $826,632 |
Northern Christian Radio Inc Gaylord, MI | $883,251 | $925,023 |
Sacred Heart Radio Inc Cincinnati, OH | $2,855,001 | $852,310 |
West Central Michigan Media Ministries Cadillac, MI | $4,038,110 | $1,144,493 |
Aramaic Broadcasting Network Inc Walled Lake, MI | $674,835 | $754,316 |
Side By Side Inc Toledo, OH | $75,570 | $539,588 |
Calvary Radio Network Valparaiso, IN | $565,390 | $862,881 |