Minnesota Christian Broadcasters Inc
- Assets
- $2.1m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 11
- Location
- Pequot Lakes, MN
- Founding
- 07/1975
- Data as of
- 08/2022
- EIN
- 41-1320344
Organization Overview
Minnesota Christian Broadcasters Inc is located in Pequot Lakes, MN. The organization was established in 1975. According to its NTEE Classification (X80) the organization is classified as: Religious Media & Communications, under the broad grouping of Religion-Related and related organizations. As of 08/2022, Minnesota Christian Broadcasters Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minnesota Christian Broadcasters 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 08/2022, Minnesota Christian Broadcasters Inc generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $1.1m during the year ending 08/2022. While expenses have increased by 3.3% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SPREAD MINISTRY THROUGH THE RADIO TRANSMISSION OF CHRISTIAN BROADCASTING
Describe the Organization's Program Activity:
Part 3 - Line 4a
RADIO TRANSMISSION OF CHRISTIAN BROADCASTING OVER THREE FREQUENCIES - KTIG AND WZFJ COVERING PEQUOT LAKES, MINNESOTA AND SURROUNDING AREA AND KCFB WITH FREQUENCY COVERAGE IN ST. CLOUD, MINNESOTA AND SURROUNDING AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paulette Kutzler Executive Di | Officer | 40 | $72,000 |
Wendy Manthey Secretary | OfficerTrustee | 0.2 | $0 |
Greg Medvec Chairman | OfficerTrustee | 0.2 | $0 |
Scott Imdieke Vice Chairma | OfficerTrustee | 0.2 | $0 |
Dean Goossen Board Member | Trustee | 0.2 | $0 |
Barb Schmidt Board Member | Trustee | 0.2 | $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 | $1,130,581 |
| Noncash contributions included in lines 1a–1f | $5,490 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,130,581 |
| Total Program Service Revenue | $0 |
| Investment income | $522 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$21,409 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $140 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,109,834 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $442,617 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $117,453 |
| Payroll taxes | $33,794 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,282 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $29,657 |
| Office expenses | $26,404 |
| Information technology | $33,739 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $11,032 |
| 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 | $53,768 |
| Insurance | $11,759 |
| All other expenses | $136,180 |
| Total functional expenses | $1,108,888 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $126,169 |
| Savings and temporary cash investments | $650,485 |
| Pledges and grants receivable | $348,527 |
| Accounts receivable, net | $120 |
| 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 | $18,208 |
| Net Land, buildings, and equipment | $527,596 |
| Investments—publicly traded securities | $3,825 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $410,282 |
| Other assets | $0 |
| Total assets | $2,085,212 |
| Accounts payable and accrued expenses | $45,762 |
| 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 | $45,762 |
| Net assets without donor restrictions | $2,039,450 |
| 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 | $2,085,212 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Minnesota Christian Broadcasters Inc has recieved totaling $25,019.
| Awarding Organization | Amount |
|---|---|
Rollie And Barbara Anderson Family Foundation St Cloud, MN PURPOSE: BUILD RELATIONSHIPS WITH GOD | $25,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $19 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Salvation Poem Foundation Sparta, WI | $3,136,023 | $4,409,624 |
Minn-Iowa Christian Broadcasting Inc Mankato, MN | $3,549,582 | $1,750,381 |
Christian Heritage Broadcasting Inc Osakis, MN | $3,031,849 | $1,841,551 |
Minnesota Christian Broadcasters Inc Pequot Lakes, MN | $2,085,212 | $1,109,834 |
Great Commission Media Ministries - Usa Saint Paul, MN | $175,593 | $878,017 |
Lakeshore Communications Inc De Pere, WI | $849,224 | $666,318 |
Patternsofevidencefoundation Eden Prairie, MN | $194,892 | $605,435 |
Pastors Study Minneapolis, MN | $630,324 | $857,100 |
Creation Moments Inc Foley, MN | $398,463 | $346,258 |
T L C Broadcasting Corporation Mason City, IA | $562,902 | $267,903 |
Well Read Mom Ironton, MN | $167,698 | $334,511 |
Western Wisconsins Inspirational Broadcaster Inc Chippewa Falls, WI | $8,068 | $0 |