Three Angels Broadcasting Network Inc
- Assets
- $72.1m
- Revenue
- $14.8m
- Investments
- $0.0
- Employees
- 155
- Location
- West Frankfort, IL
- Founding
- 05/1986
- Data as of
- 12/2022
- EIN
- 37-1179056
Organization Overview
Three Angels Broadcasting Network Inc is located in West Frankfort, IL. The organization was established in 1986. According to its NTEE Classification (X82) the organization is classified as: Religious Television, under the broad grouping of Religion-Related and related organizations. As of 12/2022, Three Angels Broadcasting Network Inc employed 155 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Three Angels Broadcasting 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, Three Angels Broadcasting Network Inc generated $14.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $14.6m during the year ending 12/2022. 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
THE MISSION OF THREE ANGELS BROADCASTING NETWORK IS TO PROCLAIM THE GOSPEL OF SALVATION THROUGH JESUS CHRIST, AND HERALD HIS SOON RETURN. WE DO THIS THROUGH THE MEDIUM OF TELEVISION, RADIO, AND THE INTERNET. IT IS ALSO OUR MISSION TO CONTINUE THE HEALING MINISTRY OF JESUS CHRIST THROUGH PROGRAMS ON VARIOUS HEALTH AND RECOVERY TOPICS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRODUCTION AND DISTRIBUTION OF RELIGIOUS PROGRAMMING ELECTRONIC DISTRIBUTION (TELEVISION, RADIO, AND INTERNET) THROUGHOUT THE WORLD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Danny Shelton Consult | Trustee | 40 | $97,420 |
Yvonne Lewis-Shelton Trustee | Trustee | 40 | $56,399 |
Greg Morikone President | OfficerTrustee | 40 | $91,885 |
Jill Morikone Secretary | OfficerTrustee | 40 | $73,357 |
Bruce Fjarli Trustee | Trustee | 0 | $0 |
Carmelita Troy Trustee | Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mx1 Ltd Mozes House Satellite Airti | 12/30/18 | $1,140,960 |
Blue Cross Blue Shield Healthcare Cost | 12/30/18 | $1,123,384 |
American Express Credit Card | 12/30/18 | $1,092,683 |
Dls Publishing Publishing | 12/30/18 | $458,340 |
Moiptv Inc Video Streaming | 12/30/18 | $763,448 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $14,751,261 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $583,763 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $367,227 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,335,024 |
| Total Program Service Revenue | $1,151,258 |
| Investment income | $180,951 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,367 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$14,962 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,843,649 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $153,032 |
| Grants and other assistance to domestic individuals. | $7,310 |
| Grants and other assistance to Foreign Orgs/Individuals | $826,162 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $395,092 |
| Compensation of current officers, directors, key employees. | $273,027 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,397,233 |
| Pension plan accruals and contributions | $41,951 |
| Other employee benefits | $1,308,844 |
| Payroll taxes | $351,734 |
| Fees for services: Management | $207,435 |
| Fees for services: Legal | $128,348 |
| Fees for services: Accounting | $92,736 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $251,894 |
| Office expenses | $1,630,069 |
| Information technology | $69,298 |
| Royalties | $101,400 |
| Occupancy | $2,677,684 |
| Travel | $602,723 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $79,285 |
| Interest | $1,415 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,027,137 |
| Insurance | $192,266 |
| All other expenses | $51,000 |
| Total functional expenses | $14,594,048 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,292,533 |
| Savings and temporary cash investments | $103,483 |
| Pledges and grants receivable | $227,466 |
| Accounts receivable, net | $225,375 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,379,069 |
| Prepaid expenses and deferred charges | $800,366 |
| Net Land, buildings, and equipment | $8,477,474 |
| Investments—publicly traded securities | $3,797,973 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $54,798,915 |
| Total assets | $72,102,654 |
| Accounts payable and accrued expenses | $1,374,810 |
| Grants payable | $0 |
| Deferred revenue | $6,000 |
| 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 | $45,374,144 |
| Total liabilities | $46,754,954 |
| Net assets without donor restrictions | $19,018,987 |
| Net assets with donor restrictions | $6,328,713 |
| 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 | $72,102,654 |
Grants Awarded
Over the last fiscal year, Three Angels Broadcasting Network Inc has awarded $131,342 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
BETTER LIFE TV PURPOSE: Provided LED Panels for Operations | $98,942 |
THOMPSONVILLE SEVENTH-DAY ADVENTIST CHURCH PURPOSE: Benevolence Fund | $7,400 |
SOUTHERN ADVENTIST UNIVERSITY PURPOSE: Educational Assistance | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Three Angels Broadcasting Network Inc West Frankfort, IL | $72,102,654 | $14,843,649 |
Tct Ministries Inc Marion, IL | $12,525,379 | $12,225,144 |
Word Broadcasting Network Inc Louisville, KY | $12,102,281 | $4,198,723 |
Open The Bible Barrington, IL | $1,233,387 | $2,927,406 |
Total Living International Inc Tinley Park, IL | $276,667 | $1,448,680 |
Wrvm Inc Suring, WI | $1,986,047 | $1,192,484 |
Faith Community Television Inc Marion, IL | $875,332 | $610,957 |
R D Henton Evangelistic Foundation Chicago, IL | $12,271 | $0 |
My Christian Tv Eden Inc Oak Brook, IL | $496,491 | $0 |
Memphis Educational Television Inc Marion, IL | $916,534 | $311,252 |
Rosary Evangelization Apostolate Inc Oak Creek, WI | $18,060 | $0 |