Real Presence Radio
- Assets
- $4.2m
- Revenue
- $2.3m
- Investments
- $293.0k
- Employees
- 22
- Location
- Fargo, ND
- Founding
- 03/2001
- Data as of
- 12/2021
- EIN
- 45-0458973
Organization Overview
Real Presence Radio is located in Fargo, ND. The organization was established in 2001. According to its NTEE Classification (A34) the organization is classified as: Radio, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Real Presence Radio employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Real Presence 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 12/2021, Real Presence Radio generated $2.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $2.4m during the year ending 12/2021. While expenses have increased by 12.5% 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
RELIGIOUS EDUCATION VIA RADIO BROADCASTING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE RELIGIOUS EDUCATION TO THE PUBLIC VIA RADIO BROADCASTING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Hollcraft Executive Director | Officer | 40 | $96,645 |
Chuck Huber President | OfficerTrustee | 2 | $0 |
Steven W Loegering Vice President/chairman | OfficerTrustee | 2 | $0 |
John R Kennelly Secretary | OfficerTrustee | 0.5 | $0 |
John Hajostek Treasurer | OfficerTrustee | 0.5 | $0 |
Vicki Larson Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,880,252 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $326,625 |
| Noncash contributions included in lines 1a–1f | $30,700 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,206,877 |
| Total Program Service Revenue | $201,068 |
| Investment income | $1,270 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,186 |
| Net Gain/Loss on Asset Sales | -$917 |
| Net Income from Fundraising Events | -$138,148 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,301,951 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,150 |
| 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. | $96,645 |
| Compensation of current officers, directors, key employees. | $24,899 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $678,733 |
| Pension plan accruals and contributions | $15,568 |
| Other employee benefits | $1,950 |
| Payroll taxes | $62,769 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,273 |
| Fees for services: Accounting | $15,374 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $111,680 |
| Advertising and promotion | $96,082 |
| Office expenses | $17,859 |
| Information technology | $53,113 |
| Royalties | $0 |
| Occupancy | $309,223 |
| Travel | $45,582 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $57,345 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $454,286 |
| Insurance | $86,720 |
| All other expenses | $28,187 |
| Total functional expenses | $2,421,167 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $80,708 |
| Savings and temporary cash investments | $225,012 |
| Pledges and grants receivable | $373,501 |
| Accounts receivable, net | $14,056 |
| 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 | $39,419 |
| Net Land, buildings, and equipment | $1,588,598 |
| Investments—publicly traded securities | $12,306 |
| Investments—other securities | $292,979 |
| Investments—program-related | $0 |
| Intangible assets | $1,553,570 |
| Other assets | $2,500 |
| Total assets | $4,182,649 |
| Accounts payable and accrued expenses | $101,002 |
| 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 | $1,316,779 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,417,781 |
| Net assets without donor restrictions | $2,471,889 |
| Net assets with donor restrictions | $292,979 |
| 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 | $4,182,649 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Real Presence Radio has recieved totaling $52,686.
| Awarding Organization | Amount |
|---|---|
Young Peoples Church Of The Air Inc Blue Bell, PA PURPOSE: TO SUPPORT THE OPERATING BUDGET OF THE RECIPIENT | $28,000 |
American Endowment Foundation Hudson, OH PURPOSE: ARTS, CULTURE | $24,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $186 |
Endowment Analysis
| Beg. Balance | $241,123 |
| Earnings | $29,356 |
| Net Contributions | $22,500 |
| Ending Balance | $292,979 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Public Radio International Inc Minneapolis, MN | $12,682,177 | $6,196,904 |
Real Presence Radio Fargo, ND | $4,182,649 | $2,301,951 |
Ksmq Public Service Media Inc Austin, MN | $4,584,399 | $2,516,403 |
Hi-Line Radio Fellowship Inc Havre, MT | $1,353,490 | $1,522,928 |
Association Of Minnesota Public Educational Radio Stations Inc St Paul, MN | $735,621 | $1,707,372 |
Friends Of Public Radio Inc Billings, MT | $2,674,136 | $1,374,928 |
Northern Community Radio Grand Rapids, MN | $2,309,973 | $1,543,476 |
Cook County Community Radio Grand Marais, MN | $998,081 | $906,306 |
Fresh Air Inc Minneapolis, MN | $1,090,041 | $1,240,335 |
Central Dakota Enterprises Inc Mandan, ND | $615,332 | $500,439 |
Round Earth Media Minneapolis, MN | $440,708 | $226,186 |
Public Radio News Directors Inc Sturgis, SD | $284,348 | $304,774 |