Positive Alternative Radio Inc
- Assets
- $12.7m
- Revenue
- $8.1m
- Investments
- $0.0
- Employees
- 60
- Location
- Blacksburg, VA
- Founding
- 06/1986
- Data as of
- 12/2022
- EIN
- 52-1440112
Organization Overview
Positive Alternative Radio Inc is located in Blacksburg, VA. The organization was established in 1986. According to its NTEE Classification (A34) the organization is classified as: Radio, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Positive Alternative Radio Inc employed 60 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Positive Alternative Radio 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 12/2022, Positive Alternative Radio Inc generated $8.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $7.6m during the year ending 12/2022. While expenses have increased by 2.7% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATIONAL BROADCASTING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL BROADCASTING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward Baker President | OfficerTrustee | 8 | $29,116 |
Brian Sanders Secretary, Executive Vice President | OfficerTrustee | 40 | $135,775 |
Robyn Porterfield Associate VP Of Underwriting | 40 | $135,189 | |
Frankie Morea VP Of Programming | 40 | $120,195 | |
Gerald Grimes VP Of Creative Services | 40 | $111,096 | |
Debra Bourne Treasurer, VP Of Acct & Hr | Officer | 30 | $54,408 |
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 | $6,585,239 |
| Noncash contributions included in lines 1a–1f | $136,970 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,585,239 |
| Total Program Service Revenue | $1,456,393 |
| Investment income | $13,338 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $21,642 |
| Net Gain/Loss on Asset Sales | -$1,515 |
| Net Income from Fundraising Events | $51,094 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$1,220 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,146,405 |
| 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. | $219,299 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,707,255 |
| Pension plan accruals and contributions | $17,775 |
| Other employee benefits | $794,870 |
| Payroll taxes | $217,942 |
| Fees for services: Management | $471,043 |
| Fees for services: Legal | $68,668 |
| Fees for services: Accounting | $10,636 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $143,388 |
| Advertising and promotion | $220,505 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,017,539 |
| Travel | $52,427 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $104,908 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $16,816 |
| All other expenses | $538,602 |
| Total functional expenses | $7,642,971 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,000,056 |
| Savings and temporary cash investments | $508,627 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $113,413 |
| 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 | $5,895 |
| Net Land, buildings, and equipment | $2,983,680 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,126,993 |
| Total assets | $12,738,664 |
| Accounts payable and accrued expenses | $295,148 |
| Grants payable | $0 |
| Deferred revenue | $71,042 |
| 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 | $2,875,554 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,241,744 |
| Net assets without donor restrictions | $9,496,920 |
| 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 | $12,738,664 |