Michigan Association Of Broadcasters
- Assets
- $4.4m
- Revenue
- $1.8m
- Investments
- $978.2k
- Employees
- 9
- Location
- Lansing, MI
- Founding
- 03/1950
- Data as of
- 12/2022
- EIN
- 38-1676986
Organization Overview
Michigan Association Of Broadcasters is located in Lansing, MI. The organization was established in 1950. According to its NTEE Classification (A30) the organization is classified as: Media & Communications, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Michigan Association Of Broadcasters employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Michigan Association Of Broadcasters 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 12/2022, Michigan Association Of Broadcasters generated $1.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $1.5m 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
TO PROMOTE THE COMMON INTERESTS OF THE PUBLIC AND THOSE ENGAGED IN THE BROADCASTING INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONVENTIONS & SEMINARS-PLAN & COORDINATE MEETINGS AND CONVENTIONS ANNUALLY FOR MEMBERS TO MEET AND DISCUSS COMMON ITEMS OF INTEREST. IN 2022, 3,003 PEOPLE ATTENDED.
MEMBERSHIP & PUBLIC RELATIONS-PROMOTE THE BROADCASTING BUSINESS, PROMOTE GOODWILL BETWEEN THE MEMBERS & PUBLIC EDUCATION REGARDING VALUES OF ADVERTISING. 325 MEMBERS IN 2022.
CONSULTING-PROVIDES INFORMATION TO MEMBERS ON ITEMS OF INTEREST AND OTHER LEGISLATIVE MATTERS. 2,273 PEOPLE BENEFITTED IN 2022.
OTHER-PUBLICATION NEWSLETTER COORDINATES SPOT ANNOUNCEMENTS AND OTHER ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rob David Director | Trustee | 1 | $0 |
Wendy Hart Director | Trustee | 1 | $0 |
Chris Monk Director | Trustee | 1 | $0 |
Shannone Dunlap Director | Trustee | 1 | $0 |
Ken Frierson Director | Trustee | 1 | $0 |
Fred Corbus 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 | $1,704,575 |
| Investment income | $28,069 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,945 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,818,094 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $19,640 |
| 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. | $186,580 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $425,766 |
| Pension plan accruals and contributions | $18,365 |
| Other employee benefits | $73,331 |
| Payroll taxes | $50,084 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,230 |
| Fees for services: Accounting | $17,300 |
| Fees for services: Lobbying | $16,281 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $60,899 |
| Advertising and promotion | $36,391 |
| Office expenses | $40,552 |
| Information technology | $31,935 |
| Royalties | $0 |
| Occupancy | $110,550 |
| Travel | $28,804 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $114,167 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $39,180 |
| Insurance | $17,739 |
| All other expenses | $5,311 |
| Total functional expenses | $1,512,116 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,502,471 |
| Savings and temporary cash investments | $1,414,875 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $39,103 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $190,505 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $76,432 |
| Net Land, buildings, and equipment | $158,130 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $978,180 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,359,696 |
| Accounts payable and accrued expenses | $58,195 |
| Grants payable | $0 |
| Deferred revenue | $58,800 |
| 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 | $0 |
| Total liabilities | $116,995 |
| Net assets without donor restrictions | $4,222,488 |
| Net assets with donor restrictions | $20,213 |
| 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 | $4,359,696 |
Grants Awarded
Over the last fiscal year, Michigan Association Of Broadcasters has awarded $69,615 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MICHIGAN ASSOCIATION OF PUBLIC BROADCASTERS PURPOSE: TO ASSIST ORGANIZATION WITH FURTHERING ITS MISSION OF ENCOURAGING AND SUPPORTING NON-COMMERCIAL PUBLIC BROADCASTING. | $43,641 |
MICHIGAN ASSOCIATION OF BROADCASTERS FOUNDATION INC PURPOSE: TO ASSIST ORGANIZATION WITH FURTHERING ITS MISSION OF ENCOURAGING AND SUPPORTING NON-COMMERCIAL PUBLIC BROADCASTING. | $25,974 |