Net Foundation For Radio
- Assets
- $0.0
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Lincoln, NE
- Founding
- 05/1977
- Data as of
- 06/2021
- EIN
- 47-0588533
Organization Overview
Net Foundation For Radio is located in Lincoln, NE. The organization was established in 1977. 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. Net Foundation For 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 06/2021, Net Foundation For Radio generated $2.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $1.6m during the year ending 06/2021. While expenses have increased by 2.5% 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
SUPPORT OF PUBLIC RADIO
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM SERVICES ASSIST OPERATION OF NON-COMMERICAL PUBLIC RADIO STATIONS LICENSED TO AND OPERATED BY THE NEBRASKA EDUCATIONAL TELECOMMUNICATIONS COMMISSION INCLUDING PROGRAM PRODUCTION DISTRIBUTED
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen Thuman Chair | OfficerTrustee | 1 | $0 |
Will Armstrong Finance Chair | OfficerTrustee | 1 | $0 |
Mark Leonard Assistant Secretary | Officer | 10 | $0 |
Debbie Hamlett Secretary/assistant Treasurer | Officer | 10 | $0 |
Randal Hansen Treasurer | Officer | 10 | $0 |
Pam Brecka Assistant Secretary | Officer | 10 | $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 | $2,036,848 |
| Noncash contributions included in lines 1a–1f | $16,908 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,036,848 |
| Total Program Service Revenue | $0 |
| Investment income | $94,018 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $4,835 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,630 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,138,991 |
| 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. | $0 |
| 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 | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,896 |
| Fees for services: Accounting | $16,404 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $19,292 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,151 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $375 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,873 |
| All other expenses | $121,156 |
| Total functional expenses | $1,646,023 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $0 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Net Foundation For Radio has recieved totaling $30,831.
| Awarding Organization | Amount |
|---|---|
Lincoln Community Foundation Inc Lincoln, NE PURPOSE: GENERAL SUPPORT | $23,595 |
Allan & Ann Mactier Charitable Foundation Omaha, NE PURPOSE: CHARITABLE | $7,000 |
Shell Oil Company Foundation Houston, TX PURPOSE: MG | $183 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $53 |
Endowment Analysis
| Beg. Balance | $5,232,353 |
| Earnings | $1,478,932 |
| Net Contributions | $166,145 |
| Other Expense | $100,005 |
| Ending Balance | $6,777,425 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bott Radio Network Inc Overland Park, KS | $9,985,439 | $16,967,716 |
Community Radio For Northern Colorado Greeley, CO | $9,060,689 | $6,160,176 |
Bethesda Christian Broadcasting Colorado Springs, CO | $545,519 | $2,189,541 |
Kute Inc Ignacio, CO | $2,926,051 | $1,463,805 |
Great Plains Christian Radio Inc Meade, KS | $2,580,547 | $2,027,183 |
Net Foundation For Radio Lincoln, NE | $0 | $2,138,991 |
Association Of Independents In Radio Inc Boulder, CO | $1,680,697 | $1,998,634 |
E Town Boulder, CO | $7,059,533 | $1,830,513 |
Boulder Community Broadcast Association Incorporated Boulder, CO | $1,855,021 | $1,654,897 |
Roaring Fork Public Radio Inc Aspen, CO | $2,230,540 | $1,619,668 |
Public Media Company Boulder, CO | $812,306 | $1,598,518 |
Cheyenne Mountain Public Broadcast House Inc Colorado Springs, CO | $1,468,881 | $1,506,693 |