Catholic Radio Network Inc
- Assets
- $3.6m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 4
- Location
- Weatherby Lake, MO
- Founding
- 10/2003
- Data as of
- 12/2021
- 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 12/2021, 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 12/2021, Catholic Radio Network Inc generated $1.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.1%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.3%) per year over the past 7 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
2021
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 RADIO STATIONS SUPPORTING CATHOLIC VALUES IN DENVER, CO AREA
TO OPERATE A RADIO STATION SUPPORTING CATHOLIC VALUES IN COLORADO SPRINGS, CO AREA
TO OPERATE & FUND RAISE FOR OTHER CATHOLIC RADIO STATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James E O'laughlin President | OfficerTrustee | 50 | $95,625 |
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 | $45,425 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,413,747 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,459,172 |
| Total Program Service Revenue | $0 |
| Investment income | $1,052 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $23,847 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,484,071 |
| 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. | $95,625 |
| Compensation of current officers, directors, key employees. | $43,031 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $156,275 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $19,271 |
| 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 | $210,367 |
| Advertising and promotion | $10,250 |
| Office expenses | $80,690 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $196,631 |
| Travel | $5,565 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,482 |
| Interest | $25,958 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $381,166 |
| Insurance | $30,360 |
| All other expenses | $614 |
| Total functional expenses | $1,318,959 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $583,171 |
| 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 | $1,916,207 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,120,131 |
| Total assets | $3,619,509 |
| Accounts payable and accrued expenses | $40,528 |
| 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 | $360,065 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $436,593 |
| 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 | $3,182,916 |
| Total liabilities and net assets/fund balances | $3,619,509 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Catholic Radio Network Inc has recieved totaling $35,100.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $17,050 |
Vanguard Charitable Endowment Program Southeastern, PA PURPOSE: FOR RECIPIENT'S EXEMPT PURPOSE | $11,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: RELIGION RELATED | $7,050 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Health Ministries Clinic Inc Newton, KS | $19,446,224 | $22,871,961 |
Foundation For A Christian Civilization Inc Rossville, KS | $19,284,785 | $19,952,584 |
Bill Winston Ministries Forest Park, IL | $6,676,875 | $15,498,938 |
Breakthrough Urban Ministries Inc Chicago, IL | $9,536,563 | $12,933,979 |
Haven Of Our Lady Of Peace Inc St Louis, MO | $8,612,583 | $10,375,484 |
Christian Buehler Memorial Peoria, IL | $194,168,877 | $24,390,628 |
Restore Hope Ministries Inc Tulsa, OK | $8,417,745 | $10,753,534 |
Les Feldick Ministries Kinta, OK | $8,711,680 | $12,215,004 |
Resourcing Christian Education International Nfp Wheaton, IL | $4,529,324 | $9,552,178 |
Artists In Christian Testimony Brentwood, TN | $4,393,846 | $10,064,345 |
Mission Eurasia Wheaton, IL | $4,079,309 | $7,777,222 |
Love Worth Finding Ministries Inc Memphis, TN | $3,628,719 | $7,504,607 |