Charlotte Advent Media Corporation
- Assets
- $835.9k
- Revenue
- $151.1k
- Investments
- $0.0
- Employees
- 2
- Location
- Charlotte, NC
- Founding
- 06/2015
- Data as of
- 12/2021
- EIN
- 47-2619016
Organization Overview
Charlotte Advent Media Corporation is located in Charlotte, NC. The organization was established in 2015. According to its NTEE Classification (X84) the organization is classified as: Religious Radio, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Charlotte Advent Media Corporation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Charlotte Advent Media Corporation 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, Charlotte Advent Media Corporation generated $151.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (21.6%) each year. All expenses for the organization totaled $156.2k during the year ending 12/2021. 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
FORM 990 - ORGANIZATION'S MISSION - CAMC'S MISSION IS "WITH GRACE FOR YOU BRINGING HEALING AND HOPE IN JESUS FOR LIFE TODAY, TOMORROW, AND ETERNITY." CAMC OPERATES RADIO STATION WGFY CHARLOTTE 1480 AM 24 HOURS PER DAY. PROGRAMMING SUBJECT MATTER INCLUDES FAMILY DEVELOPMENT, CHILD REARING AND EDUCATION, HEALTH INFORMATION, AND RELIGION. PROGRAMMING IS DIRECTED TO LISTENERS OF ALL BACKGROUNDS AND AGES TO INFORM, STIMULATE, AND EDUCATE THE AUDIENCE LOCALLY AND ON A WIDER BASIS VIA THE INTERNET. CAMC OPERATES TO PROVIDE RELIGIOUS INSTRUCTION AND MORAL TEACHING; TO TEACH PARENTS AND CHILDREN PRINCIPLES FOR STRENGTHENING THE HOME; TO HELP MEMBERS OF THE COMMUNITY DISCOVER SOLUTIONS TO THE PERSONAL, SOCIAL, RELATIONAL, AND HEALTH PROBLEMS TYPICAL OF CONTEMPORARY TIMES; TO PROVIDE AND PROMOTE DISCUSSION OF ALL AREAS OF FAMILY, SOCIAL, RELIGIOUS, AND PERSONAL LIFE ISSUES; AND TO TEACH IDEALS OF CITIZENSHIP, INTEGRITY, RESPONSIBILITY, MORAL RECTITUDE, AND SPIRITUAL MATURITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING PROGRAMMING THAT IS DIRECTED TO LISTENERS OF ALL BACKGROUNDS AND AGES WHICH INFORMS, ENTERTAINS, STIMULATES, AND EDUCATES THE AUDIENCE. THROUGH RELIGIOUS INSTRUCTION AND MORAL TEACHING, PEOPLE ARE BROUGHT INTO A CLOSER RELATIONSHIP WITH OUR SAVIOR, JESUS CHRIST. OUR PROGRAMMING PROMOTES DISCUSSION AND POSITIVE CHANGES IN AREAS OF FAMILY, SOCIAL, RELIGIOUS, AND PERSONAL LIFE ISSUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bryan Aalborg President/chairman | OfficerTrustee | 12 | $0 |
Eleanor Green Vice President | OfficerTrustee | 8 | $0 |
Timothy Timmons Treasurer | OfficerTrustee | 20 | $0 |
Wanda Christenberry Asst. Sec/treasurer | OfficerTrustee | 20 | $0 |
Dorothy Johnston Secretary | OfficerTrustee | 1 | $0 |
Sierra Hernandez Director | Trustee | 2 | $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 | $146,891 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $146,891 |
| Total Program Service Revenue | $0 |
| Investment income | $20 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,726 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $151,059 |
| 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 | $32,147 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $558 |
| Payroll taxes | $2,459 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $617 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $3,538 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,791 |
| Office expenses | $1,874 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,048 |
| 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 | $27,143 |
| Insurance | $13,177 |
| All other expenses | $964 |
| Total functional expenses | $156,163 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $48,696 |
| Savings and temporary cash investments | $70,034 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $24,980 |
| 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 | $3,056 |
| Net Land, buildings, and equipment | $689,181 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $835,947 |
| Accounts payable and accrued expenses | $4,624 |
| 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 | $4,624 |
| Net assets without donor restrictions | $831,323 |
| 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 | $835,947 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Charlotte Advent Media Corporation has recieved totaling $20,041.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Fort Mill, SC PURPOSE: HUMAN SERVICES | $20,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $41 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bible Broadcasting Network Incorporated Charlotte, NC | $94,578,344 | $19,453,419 |
Family Stations Inc Franklin, TN | $96,805,715 | $8,074,278 |
Christian Research Institute Inc Charlotte, NC | $3,392,199 | $4,551,124 |
Delmarva Education Association Winston Salem, NC | $5,513,140 | $1,268,919 |
Power Foundation Inc Piedmont, SC | $2,390,195 | $1,926,173 |
Augusta Radio Fellowship Institute Inc Grovetown, GA | $10,451,546 | $1,051,845 |
Proclaim My Work Inc Dahlonega, GA | $2,497,591 | $306,292 |
Christian Productions International Hendersonville, TN | $123,959 | $301,163 |
C2a This Week Inc Raleigh, NC | $22,797 | $251,871 |
Gospel Broadcasting Inc Dobson, NC | $174,195 | $237,312 |
Mediatrix Sc Inc Greer, SC | $492,612 | $166,875 |
Word Christian Broadcasting Inc Douglasville, GA | $576,412 | $192,110 |