Gateway Creative Broadcasting Inc
- Assets
- $24.3m
- Revenue
- $8.2m
- Investments
- $0.0
- Employees
- 27
- Location
- St Louis, MO
- Founding
- 05/1998
- Data as of
- 05/2023
- EIN
- 43-1793303
Organization Overview
Gateway Creative Broadcasting Inc is located in St Louis, MO. The organization was established in 1998. According to its NTEE Classification (A32) the organization is classified as: Television, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 05/2024, Gateway Creative Broadcasting Inc employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gateway Creative Broadcasting 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 05/2023, Gateway Creative Broadcasting Inc generated $8.2m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $8.1m during the year ending 05/2023. While expenses have increased by 5.7% per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
BROADCASTING CHRISTIAN MUSIC
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE CHRISTIAN MUSIC AND WORSHIP TO RADIO AUDIENCES IN THE ST LOUIS AREA AND BEYOND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randy Mcarthur Chair | OfficerTrustee | 1 | $0 |
Dan Tuminello Vice Chair | OfficerTrustee | 1 | $0 |
Mike Fallon Treasurer | OfficerTrustee | 1 | $0 |
Dawn Parks Secretary | OfficerTrustee | 1 | $0 |
Jennifer Benes Board Member | Trustee | 1 | $0 |
Ron Lowry Board Member | 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 | $6,764,187 |
| Noncash contributions included in lines 1a–1f | $5,200 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,764,187 |
| Total Program Service Revenue | $1,296,127 |
| Investment income | $20,068 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $99,726 |
| Net Gain/Loss on Asset Sales | -$11,195 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $22,524 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,194,893 |
| 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. | $761,772 |
| Compensation of current officers, directors, key employees. | $380,886 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,563,022 |
| Pension plan accruals and contributions | $591,818 |
| Other employee benefits | $0 |
| Payroll taxes | $161,353 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $45,642 |
| 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 | $28,972 |
| Advertising and promotion | $422,616 |
| Office expenses | $212,418 |
| Information technology | $36,077 |
| Royalties | $0 |
| Occupancy | $514,513 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $245,294 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,000,884 |
| Insurance | $74,344 |
| All other expenses | $158,470 |
| Total functional expenses | $8,107,835 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $103,928 |
| Savings and temporary cash investments | $2,432,797 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,418,372 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $133,017 |
| Prepaid expenses and deferred charges | $56,892 |
| Net Land, buildings, and equipment | $5,198,991 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,958,131 |
| Total assets | $24,302,128 |
| Accounts payable and accrued expenses | $203,101 |
| 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 | $7,771,449 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,960,698 |
| Total liabilities | $11,935,248 |
| Net assets without donor restrictions | $12,069,932 |
| Net assets with donor restrictions | $296,948 |
| 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 | $24,302,128 |