Sun Radio Foundation
- Assets
- $1.7m
- Revenue
- $465.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Austin, TX
- Founding
- 09/2014
- Data as of
- 12/2022
- EIN
- 47-1279846
Organization Overview
Sun Radio Foundation is located in Austin, TX. The organization was established in 2014. 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. Sun Radio Foundation 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, Sun Radio Foundation generated $465.9k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 19.1% each year . All expenses for the organization totaled $296.8k during the year ending 12/2022. 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
TO PRESERVE THE CULTURE OF TEXAS MUSIC WITH A MINIMAL IMPACT ON THE ENVIRONMENT. SUN RADIO CREATES AND DISTRIBUTES SOLAR-POWERED RADIO PROGRAMMING TO NON-COMMERCIAL MEMBER STATIONS WITH A FOCUS ON TEXAS ARTISTS AND AMERICANA MUSIC. WE HELP FOSTER NEW RADIO BROADCASTING CAREERS FOR THE RESIDENTS OF THE TEXAS HILL COUNTRY AND PROVIDE 24-HOUR A DAY, FREE LOCAL RADIO FOR THE COMMUNITIES WE SERVE. PROCEEDS ARE USED TO EXPAND LOCAL PROGRAMMING, IN THE CREATION OF LOCAL JOBS, AS SUPPORT FOR OTHER NON-PROFIT ORGANIZATIONS, TO BROADCAST LOCAL MUSICIANS AND EVENTS, AND IN FUNDING NEW CAPITAL PROJECTS DESIGNED TO INCREASE OUR COVERAGE AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR MISSION IS TO PRESERVE THE CULTURE OF TEXAS MUSIC WITH A MINIMAL IMPACT ON THE ENVIRONMENT. SUN RADIO CREATES AND DISTRIBUTES SOLAR-POWERED RADIO PROGRAMMING TO NON-COMMERCIAL MEMBER STATIONS WITH A FOCUS ON TEXAS ARTISTS AND AMERICANA MUSIC. WE HELP FOSTER NEW RADIO BROADCASTING CAREERS FOR THE RESIDENTS OF THE TEXAS HILL COUNTRY AND PROVIDE 24-HOUR A DAY, FREE LOCAL RADIO FOR THE COMMUNITIES WE SERVE. PROCEEDS ARE USED TO EXPAND LOCAL PROGRAMMING, IN THE CREATION OF LOCAL JOBS, AS SUPPORT FOR OTHER NON-PROFIT ORGANIZATIONS, TO BROADCAST LOCAL MUSICIANS AND EVENTS, AND IN FUNDING NEW CAPITAL PROJECTS DESIGNED TO INCREASE OUR COVERAGE AREA.
OUR MISSION IS TO PRESERVE THE CULTURE OF TEXAS MUSIC WITH A MINIMAL IMPACT ON THE ENVIRONMENT. SUN RADIO CREATES AND DISTRIBUTES SOLAR-POWERED RADIO PROGRAMMING TO NON-COMMERCIAL MEMBER STATIONS WITH A FOCUS ON TEXAS ARTISTS AND AMERICANA MUSIC. WE HELP FOSTER NEW RADIO BROADCASTING CAREERS FOR THE RESIDENTS OF THE TEXAS HILL COUNTRY AND PROVIDE 24-HOUR A DAY, FREE LOCAL RADIO FOR THE COMMUNITIES WE SERVE. PROCEEDS ARE USED TO EXPAND LOCAL PROGRAMMING, IN THE CREATION OF LOCAL JOBS, AS SUPPORT FOR OTHER NON-PROFIT ORGANIZATIONS, TO BROADCAST LOCAL MUSICIANS AND EVENTS, AND IN FUNDING NEW CAPITAL PROJECTS DESIGNED TO INCREASE OUR COVERAGE AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daphne Ainsley Director | Trustee | $0 | |
Rose Brasuel Secretary | OfficerTrustee | $0 | |
Kyle Hill President | OfficerTrustee | $0 | |
Daryl O'neal Director | Trustee | $0 | |
Denver O'neal Director | Trustee | $0 | |
Richard Rees Director | Trustee | $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 | $461,796 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $461,796 |
| Total Program Service Revenue | $0 |
| Investment income | $15,051 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$11,917 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $465,866 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $47,688 |
| 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 | $8,800 |
| Fees for services: Accounting | $9,867 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,793 |
| Fees for services: Other | $6,839 |
| Advertising and promotion | $0 |
| Office expenses | $659 |
| Information technology | $19,963 |
| Royalties | $0 |
| Occupancy | $28,710 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $49,270 |
| Insurance | $0 |
| All other expenses | $14,079 |
| Total functional expenses | $296,846 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,411,280 |
| Savings and temporary cash investments | $5,088 |
| 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 | $37,951 |
| Investments—publicly traded securities | $241,107 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,695,426 |
| 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 | $1,695,426 |
| 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 | $1,695,426 |