Patrick Community Media Inc
- Assets
- $124.7k
- Revenue
- $159.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Stuart, VA
- Founding
- 01/2016
- Data as of
- 12/2021
- EIN
- 47-4933654
Organization Overview
Patrick Community Media Inc is located in Stuart, VA. The organization was established in 2016. According to its NTEE Classification (A30) the organization is classified as: Media & Communications, 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. Patrick Community Media 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 12/2021, Patrick Community Media Inc generated $159.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 28.2% each year . All expenses for the organization totaled $133.5k during the year ending 12/2021. While expenses have increased by 22.4% per year over the past 7 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.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,650 |
| Interest on Savings | $6 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $148,647 |
| Total Revenue | $159,303 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $71,747 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,576 |
| Depreciation | $3,741 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $46,909 |
| Total operating and administrative expenses | $133,504 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $133,504 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $54,422 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $70,310 |
| Other assets | $0 |
| Total assets | $124,732 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $121,382 |
| Other liabilities | $1,477 |
| Total liabilities | $122,859 |
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