Penfold Communications Inc
- Assets
- $1.9m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Temecula, CA
- Founding
- 08/1985
- Data as of
- 12/2021
- EIN
- 33-0043464
Organization Overview
Penfold Communications Inc is located in Temecula, CA. The organization was established in 1985. According to its NTEE Classification (X84) the organization is classified as: Religious Radio, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Penfold Communications 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, Penfold Communications Inc generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $1.0m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
BROADCAST NON-PROFIT RELIGIOUS PROGRAMMING THROUGH THE USE OF A NONCOMMERCIAL RADIO NETWORK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jerry Kotzman Station Mgr | 40 | $63,416 | |
Patricia Thomas Secretary | 40 | $52,871 | |
Jeffrey Smith President | 5 | $0 | |
Chad Smith Vice President | 5 | $0 | |
Vanessa Berry Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $174,355 |
| Interest on Savings | $18 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $900,623 |
| Total Revenue | $1,074,996 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $214,672 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,070 |
| Depreciation | $87,680 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $17,644 |
| Printing and publications | $0 |
| Other expenses | $688,828 |
| Total operating and administrative expenses | $1,022,452 |
| Contributions, gifts, grants paid | $14,310 |
| Total expenses and disbursements | $1,036,762 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,955 |
| Savings and temporary cash investments | $120,128 |
| Net Accounts receivable | $87,714 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $218,883 |
| Net other notes and loans receivable | $1,073,422 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $352,290 |
| Other assets | $0 |
| Total assets | $1,866,392 |
| Accounts payable and accrued expenses | -$3,394 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $7,407 |
| Total liabilities | $4,013 |
Grants Awarded
Over the last fiscal year, Penfold Communications Inc has awarded $14,310 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CASH DONATIONS FOR THE PURPOSE: FINANCIAL ASSISTANCE TONEEDY & HOMELESS | $6,760 |
WISE TREATMENT CENTER PURPOSE: ASSISTANCE FOREXPENSES | $5,550 |
CROSS CURRENT INTL MINISTRIES PURPOSE: FOR THE SUPPORTOF AFRICANMINISTRY. | $2,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Penfold Communications Inc has recieved totaling $30,000.
| Awarding Organization | Amount |
|---|---|
Research Educational Foundation Inc Dallas, TX PURPOSE: GENERAL SUPPORT | $10,000 |
Research Educational Foundation Inc Dallas, TX PURPOSE: GENERAL SUPPORT | $10,000 |
Research Educational Foundation Inc Dallas, TX PURPOSE: GENERAL SUPPORT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Grace To You Valencia, CA | $15,537,959 | $17,725,450 |
Far East Broadcasting Company Inc La Mirada, CA | $18,729,557 | $16,885,505 |
Family Life Broadcasting System Tucson, AZ | $3,403,352 | $4,263,309 |
Family Life Broadcasting System Tucson, AZ | $16,789,699 | $6,997,211 |
Know The Truth Anaheim, CA | $277,265 | $2,161,800 |
Good News Radio Redlands, CA | $5,957,284 | $2,186,642 |
Focal Point Radio Ministries Aliso Viejo, CA | $1,552,754 | $1,544,066 |
Korean Gospel Broadcasting Network Anaheim, CA | $3,557,859 | $1,084,200 |
Ujima Adult And Family Services San Jose, CA | $204,390 | $1,215,126 |
Narrow Path Temecula, CA | $622,285 | $1,350,306 |
Penfold Communications Inc Temecula, CA | $1,866,392 | $1,074,996 |
Cts America Inc Fullerton, CA | $390,247 | $1,010,192 |