Good News Media Inc
- Assets
- $1.8m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 9
- Location
- Traverse City, MI
- Founding
- 06/1981
- Data as of
- 12/2021
- EIN
- 38-2341525
Organization Overview
Good News Media Inc is located in Traverse City, MI. The organization was established in 1981. According to its NTEE Classification (X84) the organization is classified as: Religious Radio, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Good News Media Inc employed 9 individuals. This organization is the central organization for a national or regional group of organizations. Good News Media 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, Good News Media Inc generated $1.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $993.8k during the year ending 12/2021. While expenses have increased by 4.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
NON-COMMERCIAL EDUCATIONAL RELIGIOUS PUBLIC RADIO BROADCASTING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED 8,760 HOURS EACH OF AM/FM RADIO NON-COMMERCIAL BROADCASTING OF RELIGIOUS MUSIC AND TALK PROGRAMS THAT BENEFIT THE GENERAL PUBLIC OF NORTHWEST MICHIGAN THROUGH SPIRITUAL ENCOURAGMENT AND EDUCATION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Harcey Station Manager | Officer | 40 | $69,116 |
Joy Elenbaas Secretary | OfficerTrustee | 1.5 | $0 |
Tom Nussdorfer Vice President | OfficerTrustee | 1.5 | $0 |
Roby Isaac President/treasurer | OfficerTrustee | 1.5 | $0 |
June Martin Director | Trustee | 1.5 | $0 |
Lana Payne Director | Trustee | 1.5 | $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 | $656,713 |
| Noncash contributions included in lines 1a–1f | $6,832 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $656,713 |
| Total Program Service Revenue | $35,839 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $36,660 |
| Net Income from Fundraising Events | $538,341 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,267,658 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $69,116 |
| Compensation of current officers, directors, key employees. | $55,293 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $285,299 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $94,403 |
| Payroll taxes | $26,237 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,623 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,298 |
| Office expenses | $15,287 |
| Information technology | $26,377 |
| Royalties | $0 |
| Occupancy | $75,666 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $114,296 |
| Insurance | $27,931 |
| All other expenses | $67,492 |
| Total functional expenses | $993,755 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $68,906 |
| Savings and temporary cash investments | $572,961 |
| Pledges and grants receivable | $193,658 |
| Accounts receivable, net | $0 |
| 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 | $18,520 |
| Net Land, buildings, and equipment | $671,256 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $270,000 |
| Total assets | $1,795,301 |
| Accounts payable and accrued expenses | $23,708 |
| 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 | $0 |
| Total liabilities | $23,708 |
| Net assets without donor restrictions | $1,566,573 |
| Net assets with donor restrictions | $205,020 |
| 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 | $1,795,301 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Good News Media Inc has recieved totaling $49,000.
| Awarding Organization | Amount |
|---|---|
Christ Cares For Kids Foundation Traverse City, MI PURPOSE: GENERAL FUND | $49,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
River Radio Ministries Columbus, OH | $6,630,255 | $4,393,639 |
Sonset Solutions Inc Elkhart, IN | $3,460,253 | $2,234,092 |
Fort Wayne Catholic Radio Group Inc Fort Wayne, IN | $1,612,895 | $1,190,616 |
Good News Media Inc Traverse City, MI | $1,795,301 | $1,267,658 |
St Gabriel Radio Inc Columbus, OH | $3,809,476 | $826,632 |
Northern Christian Radio Inc Gaylord, MI | $883,251 | $925,023 |
Sacred Heart Radio Inc Cincinnati, OH | $2,855,001 | $852,310 |
West Central Michigan Media Ministries Cadillac, MI | $4,038,110 | $1,144,493 |
Aramaic Broadcasting Network Inc Walled Lake, MI | $674,835 | $754,316 |
Side By Side Inc Toledo, OH | $75,570 | $539,588 |
Calvary Radio Network Valparaiso, IN | $565,390 | $862,881 |
Inter Mirifica Inc Indianapolis, IN | $1,698,778 | $443,503 |