Real Presence Radio
- Assets
- $5.0m
- Revenue
- $2.3m
- Investments
- $314.1k
- Employees
- 28
- Location
- Fargo, ND
- Founding
- 03/2001
- Data as of
- 12/2022
- 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 12/2022, Real Presence Radio employed 28 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 12/2022, Real Presence Radio generated $2.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $2.4m during the year ending 12/2022. While expenses have increased by 11.0% per year over the past 8 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
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 |
|---|---|---|---|
Chuck Huber President | OfficerTrustee | 2 | $0 |
Steven W Loegering Vice President/chairman | OfficerTrustee | 2 | $0 |
John Hajostek Treasurer | OfficerTrustee | 0.5 | $0 |
Jack R Kennelly Secretary | OfficerTrustee | 0.5 | $0 |
Wayne Sanders Board Member | Trustee | 1 | $0 |
Larry Canfield Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,791,458 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $409,906 |
| Noncash contributions included in lines 1a–1f | $58,140 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,201,364 |
| Total Program Service Revenue | $171,580 |
| Investment income | $6,357 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,117 |
| Net Gain/Loss on Asset Sales | $89,693 |
| Net Income from Fundraising Events | -$196,697 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,285,515 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,932 |
| 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. | $103,358 |
| Compensation of current officers, directors, key employees. | $26,625 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $766,244 |
| Pension plan accruals and contributions | $14,955 |
| Other employee benefits | $1,084 |
| Payroll taxes | $67,857 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,000 |
| Fees for services: Accounting | $15,504 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $109,918 |
| Advertising and promotion | $96,530 |
| Office expenses | $17,047 |
| Information technology | $53,359 |
| Royalties | $0 |
| Occupancy | $322,800 |
| Travel | $46,415 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $53,834 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $440,408 |
| Insurance | $91,193 |
| All other expenses | $21,851 |
| Total functional expenses | $2,448,759 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $350,918 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $338,355 |
| Accounts receivable, net | $4,823 |
| 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 | $50,372 |
| Net Land, buildings, and equipment | $1,334,750 |
| Investments—publicly traded securities | $11,820 |
| Investments—other securities | $314,069 |
| Investments—program-related | $0 |
| Intangible assets | $2,586,405 |
| Other assets | $2,500 |
| Total assets | $4,994,012 |
| Accounts payable and accrued expenses | $102,762 |
| Grants payable | $0 |
| Deferred revenue | $5,189 |
| 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 | $2,340,348 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,448,299 |
| Net assets without donor restrictions | $2,226,643 |
| Net assets with donor restrictions | $319,070 |
| 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 | $4,994,012 |