Believers Broadcasting Corporation
- Assets
- $972.3k
- Revenue
- $156.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Quincy, IL
- Founding
- 04/1980
- Data as of
- 12/2021
- EIN
- 36-3052879
Organization Overview
Believers Broadcasting Corporation is located in Quincy, IL. The organization was established in 1980. According to its NTEE Classification (A30) the organization is classified as: Media & Communications, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Believers Broadcasting Corporation 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, Believers Broadcasting Corporation generated $156.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $151.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Wortman Vice President | 40 | $0 | |
Carl Geisendorfer Director | 0 | $0 | |
Ken M Geisendorfer President | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $47,650 |
| Interest on Savings | $0 |
| 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 | $108,539 |
| Total Revenue | $156,189 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $35,100 |
| Pension plans, employee benefits | $0 |
| Interest | $6,157 |
| Taxes | $6,004 |
| Depreciation | $10,171 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $93,674 |
| Total operating and administrative expenses | $151,106 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $151,106 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,454 |
| Savings and temporary cash investments | $7,620 |
| Net Accounts receivable | $5,542 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $300,000 |
| 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 | $652,663 |
| Other assets | $1,980 |
| Total assets | $972,259 |
| Accounts payable and accrued expenses | $0 |
| 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 | $335 |
| Total liabilities | $335 |
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