Catholic Radio Network Inc
- Assets
- $3.4m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 4
- Location
- Weatherby Lake, MO
- Founding
- 10/2003
- Data as of
- 12/2022
- EIN
- 32-0081587
Organization Overview
Catholic Radio Network Inc is located in Weatherby Lake, MO. The organization was established in 2003. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2022, Catholic Radio Network Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Catholic 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 12/2022, Catholic Radio Network Inc generated $1.2m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.4%) per year over the past 5 years. 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
TO EDUCATE INDIVIDUALS IN CATHOLIC VALUES THROUGH RADIO BROADCASTING, CONFERENCES AND OTHER VENUES
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO OPERATE RADIO STATIONS SUPPORTING CATHOLIC VALUES IN KANSAS CITY AREA
TO OPERATE & FUND RAISE FOR OTHER CATHOLIC RADIO STATIONS
TO OPERATE RADIO STATIONS SUPPORTING CATHOLIC VALUES IN DENVER, CO AREA
TO OPERATE A RADIO STATION SUPPORTING CATHOLIC VALUES IN COLORADO SPRINGS, CO AREA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James E O'laughlin President | OfficerTrustee | 50 | $98,875 |
Carolyn J O'laughlin Secretary | OfficerTrustee | 26 | $0 |
Joe Ross Director | Trustee | 4 | $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 | $1,163,972 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,163,972 |
| Total Program Service Revenue | $0 |
| Investment income | $1,015 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $73,527 |
| Net Income from Fundraising Events | $3,279 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,241,793 |
| 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. | $98,875 |
| Compensation of current officers, directors, key employees. | $44,494 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $160,703 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $19,858 |
| 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 | $217,684 |
| Advertising and promotion | $15,420 |
| Office expenses | $28,909 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $175,890 |
| Travel | $4,429 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $501 |
| Interest | $9,934 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $341,387 |
| Insurance | $33,194 |
| All other expenses | $5,836 |
| Total functional expenses | $1,219,392 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $702,467 |
| Savings and temporary cash investments | $0 |
| 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 | $1,747,435 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $965,512 |
| Total assets | $3,415,414 |
| Accounts payable and accrued expenses | $0 |
| 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 | $36,000 |
| Secured mortgages and notes payable | $174,097 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $210,097 |
| Net assets without donor restrictions | $0 |
| 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 | $3,205,317 |
| Total liabilities and net assets/fund balances | $3,415,414 |