Tri-Cities Broadcasting Foundation Inc
- Assets
- $124.2k
- Revenue
- $267.7k
- Investments
- $0.0
- Employees
- 1
- Location
- Grand Haven, MI
- Founding
- 08/2015
- Data as of
- 03/2023
- EIN
- 46-5018814
Organization Overview
Tri-Cities Broadcasting Foundation Inc is located in Grand Haven, MI. The organization was established in 2015. According to its NTEE Classification (A34) the organization is classified as: Radio, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tri-Cities Broadcasting Foundation 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 03/2023, Tri-Cities Broadcasting Foundation Inc generated $267.7k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $217.9k during the year ending 03/2023. While expenses have increased by 11.8% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
WE ARE A NON-PROFIT EDUCATION INSTITUTION. OUR MISSION IN PART IS TO PROVIDE EDUCATIONAL DIRECTION IN THE BROADCASTING FIELD TO HELP FOSTER NEW BROADCASTING CAREERS FOR THE RESIDENTS OF WEST MICHIGAN. IN CONJUNCTION THEREWITH, WE WILL PROVIDE 24 HOUR A DAY FREE LOCAL RADIO FOR THE COMMUNITY WE SERVE, BUT ALSO WILL PROVIDE EDUCATIONAL PROGRAMMING WITH RESPECT TO BROADCASTING AS A CAREER. AS A PART THEREOF, WE INTEND TO PROVIDE INDEPENDENT COMMUNITY RADIO TO CITIZENS THROUGH COMMUNITY EDUCATIONAL PROGRAMMING, LOCAL MUSIC ARTISTS NOT CURRENTLY OFFERED BY COMMERCIAL STATIONS, PUBLIC SERVICE ANNOUNCEMENTS, LOCAL NEWS, FEATURE PROGRAMS, INTERVIEWS BY ASPIRING BROADCASTERS, LOCAL SPORTS, WEATHER AND SPIRITUAL PROGRAMMING THAT ARE RESPONSIVE TO THE NEEDS OF THE LOCAL COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE TRI-CITIES BROADCASTING FOUNDATION INC. PROVIDED FREE 24 HOUR A DAY LOCAL PUBLIC RADIO BROADCASTING REGARDING LOCAL INTERESTS TO THE 47,000 CITIZENS OF THE TRI-CITIES AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric R Kaelin President | Officer | 90 | $88,719 |
Amanda D Kaelin Secretary | OfficerTrustee | 20 | $0 |
Floyd Fonte Treasurer | OfficerTrustee | 17 | $0 |
Veronda Cuttle Director | Trustee | 3 | $0 |
Jp Huntington Director | Trustee | 3 | $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 | $216,220 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $216,220 |
| Total Program Service Revenue | $0 |
| Investment income | $9 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $51,468 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $267,697 |
| 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. | $91,770 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,020 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,630 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,529 |
| Advertising and promotion | $16,508 |
| Office expenses | $1,050 |
| Information technology | $982 |
| Royalties | $0 |
| Occupancy | $36,020 |
| Travel | $1,098 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,811 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,086 |
| Insurance | $8,289 |
| All other expenses | $1,048 |
| Total functional expenses | $217,877 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $86,667 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $34,874 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $2,278 |
| Other assets | $400 |
| Total assets | $124,219 |
| Accounts payable and accrued expenses | $0 |
| 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 | $31,921 |
| Total liabilities | $31,921 |
| Net assets without donor restrictions | $0 |
| 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 | $92,298 |
| Total liabilities and net assets/fund balances | $124,219 |