Illinois Broadcasters Association
- Assets
- $4.0m
- Revenue
- $363.5k
- Investments
- $503.2k
- Employees
- 4
- Location
- Carterville, IL
- Founding
- Data as of
- 12/2023
- EIN
- 37-6047595
Organization Overview
Illinois Broadcasters Association is located in Carterville, IL. As of 12/2023, Illinois Broadcasters Association employed 4 individuals. Illinois Broadcasters Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Illinois Broadcasters Association generated $363.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.2%) each year. All expenses for the organization totaled $1.0m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.1%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO BE THE LEADING ADVOCATE FOR THE BROADCAST INDUSTRY, TO SHAPE PUBLIC POLICY AND TO CREATE A POSITIVE LEGISLATIVE AND REGULATORY ENVIRONMENT FOR ITS MEMBERS, ASSIST ITS MEMBERS IN CONTINUING INDUSTRY EDUCATION, LEGAL SUPPORT SERVICES, AND PUBLIC OUTREACH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION PROVIDES MEMBERS WITH LEGISLATIVE ANALYSIS AND REPRESENTATION INCLUDING REGULATORY MATTERS BEFORE THE ILLINOIS GENERAL ASSEMBLY, OTHER ILLINOIS GOVERNMENTAL BODIES, CONGRESS, AND OTHER FEDERAL AGENCIES.
EDUCATION WORKSHOPS & OTHER MEMBER SERVICES - THE ASSOCIATION ALSO PROVIDES SEVERAL OTHER MEMBER SERVICES INCLUDING EQUAL EMPLOYMENT OPPORTUNITY COMPLIANCE WORKSHOPS, AND T.V. AND RADIO SALES SEMINARS.
THE ASSOCIATION MAKES CONTRIBUTIONS TO BROADCASTING MUSEUMS AND OTHER ORGANIZATIONS TO FURTHER THE INTERESTS OF THE BROADCASTING INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Scarano Chairman | OfficerTrustee | 1 | $0 |
Paul Rennie Immediate Past Chairman | OfficerTrustee | 1 | $0 |
Kevin Cross Chairman-Elect | OfficerTrustee | 1 | $0 |
Sarah Shellhammer Executive Vice-Chair | OfficerTrustee | 1 | $0 |
Drew Horowitz Treasurer | OfficerTrustee | 1 | $0 |
Clay Koenig Director | Trustee | 1 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $234,299 |
| Investment income | $124,925 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,670 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $363,452 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $68,215 |
| 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. | $304,600 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $45,489 |
| Pension plan accruals and contributions | $12,546 |
| Other employee benefits | $0 |
| Payroll taxes | $18,840 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $44,817 |
| Fees for services: Accounting | $33,295 |
| Fees for services: Lobbying | $48,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $187 |
| Fees for services: Other | $14,207 |
| Advertising and promotion | $21,246 |
| Office expenses | $20,157 |
| Information technology | $5,130 |
| Royalties | $0 |
| Occupancy | $22,670 |
| Travel | $17,098 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $176,747 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,412 |
| Insurance | $14,163 |
| All other expenses | $17,456 |
| Total functional expenses | $1,026,504 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,052,384 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,178 |
| 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 | $8,794 |
| Net Land, buildings, and equipment | $83,736 |
| Investments—publicly traded securities | $2,337,367 |
| Investments—other securities | $503,207 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $958 |
| Total assets | $3,998,624 |
| Accounts payable and accrued expenses | $109,027 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $34,627 |
| Total liabilities | $143,654 |
| Net assets without donor restrictions | $3,854,970 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $3,998,624 |
Grants Awarded
Over the last fiscal year, Illinois Broadcasters Association has awarded $23,800 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ILLINOIS BROADCASTERS ASSOCIATION MIP PURPOSE: Provide scholarships for Minority Intern Programs. | $18,800 |
LA RABIDA CHILDREN'S HOSPITAL PURPOSE: Provide support for La Rabida Awards Benefit | $5,000 |