New Wave Corporation
- Assets
- $468.7k
- Revenue
- $238.8k
- Investments
- $0.0
- Employees
- 3
- Location
- Columbia, MO
- Founding
- 12/1974
- Data as of
- 09/2021
- EIN
- 43-1026021
Organization Overview
New Wave Corporation, operating under the name KOPN FM Radio, is located in Columbia, MO. The organization was established in 1974. 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 09/2021, KOPN FM Radio employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. KOPN FM Radio 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 09/2021, KOPN FM Radio generated $238.8k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $335.2k during the year ending 09/2021. While expenses have increased by 5.2% per year over the past 6 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
LISTENER-SUPPORTED COMMUNITY PUBLIC RADIO STATION COMMITTED TO EDUCATING AND ENRICHING THE LIVES OF ITS MEMBERSHIP AND THE COMMUNITY IT SERVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEW WAVE CORPORATION OPERATES A 24-HOUR DAILY PRODUCTION AND BROADCASTING SCHEDULE ON KOPN 89.5 FM COMMUNITY RADIO WHICH SERVES THOUSANDS OF LISTENERS IN CENTRAL MISSOURI. PROGRAMMING INCLUDES LOCAL AND NATIONAL NEWS AND ANALYSIS ARTS AND ISSUES DISCUSSION, AND MUSIC. LOCAL SHOWS ARE PRODUCED TO EDUCATE AND INCREASE COMMUNITY DISCOURSE ON TOPICS SUCH AS CURRENT EVENTS, CIVIL LIBERTIES, CULTURAL MATTERS, EMERGING TECHNOLOGIES, WOMEN'S ISSUES, FOOD AND FARMING, AND HEALTH. NEW WAVE CORPORATION PROVIDES TRAINING IN RADIO BROADCASTING AND BROADCAST PRODUCTION. THE ORGANIZATION PROVIDES INTERNSHIPS AND INFORMAL TRAINING OPPORTUNITIES. THE ORGANIZATION PROVIDES COMMUNITY SERVICE OPPORTUNITIES THROUGH PARTICIPATION WITH THE LOCAL COURT SYSTEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Day President | OfficerTrustee | 9 | $0 |
Diana Moxon Vice-President | OfficerTrustee | 5 | $0 |
Gordon Rogers Secretary | OfficerTrustee | 2 | $0 |
Laura Wacker Treasurer | OfficerTrustee | 2 | $0 |
Martha Daniels Member | Trustee | 4 | $0 |
Margot Mcmillen Member | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $36,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $187,888 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $224,388 |
| Total Program Service Revenue | $14,375 |
| Investment income | $30 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $238,793 |
| 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. | $92,320 |
| Compensation of current officers, directors, key employees. | $46,160 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,034 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,214 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $961 |
| Office expenses | $4,105 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $34,046 |
| 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 | $11,096 |
| Insurance | $6,256 |
| All other expenses | $43,686 |
| Total functional expenses | $335,238 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $420,127 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $150 |
| 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 | $8,230 |
| Net Land, buildings, and equipment | $40,237 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $468,744 |
| Accounts payable and accrued expenses | $1,902 |
| 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 | $6,348 |
| Total liabilities | $8,250 |
| Net assets without donor restrictions | $354,060 |
| Net assets with donor restrictions | $106,434 |
| 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 | $468,744 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that New Wave Corporation has recieved totaling $32,000.
| Awarding Organization | Amount |
|---|---|
Boone County Community Trust Columbia, MO PURPOSE: GENERAL SUPPORT | $17,000 |
Veterans United Foundation Columbia, MO PURPOSE: KOPN: SOUNDS OF COMMUNITY CAPITAL CAMPAIGN | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Radiant Life Ministries Marion, IL | $195,965,953 | $18,938,808 |
Memphis Fourth Estate Inc Memphis, TN | $2,591,759 | $5,585,999 |
Mid-South Public Communications Foundation Cordova, TN | $12,673,070 | $6,880,659 |
Community Broadcasting Inc Overland Park, KS | $6,691,384 | $2,767,023 |
Partners For Christian Media Inc Chattanooga, TN | $2,733,948 | $3,141,174 |
Scola Mc Clelland, IA | $4,272,203 | $340,778 |
City Bureau Nfp Chicago, IL | $2,720,494 | $2,390,104 |
Illinois Beef Association Inc Springfield, IL | $854,239 | $1,875,178 |
Kentucky Broadcasters Association Inc Frankfort, KY | $1,618,428 | $1,052,426 |
Kanza Society Inc High Plains Public Radio Garden City, KS | $3,794,036 | $1,212,601 |
Beacon Media Inc Kansas City, MO | $242,062 | $860,712 |
National Agri Marketing Association Inc Leawood, KS | $318,457 | $1,021,517 |