Positive Alternative Radio Inc
- Assets
- $12.1m
- Revenue
- $8.6m
- Investments
- $0.0
- Employees
- 56
- Location
- Blacksburg, VA
- Founding
- 06/1986
- Data as of
- 12/2021
- 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 12/2021, Positive Alternative Radio Inc employed 56 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 12/2021, Positive Alternative Radio Inc generated $8.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $6.7m during the year ending 12/2021. While expenses have increased by 1.1% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
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 |
|---|---|---|---|
Robyn Porterfield VP Underwrit | 40 | $130,395 | |
Brian J Sanders Secretary | OfficerTrustee | 40 | $127,149 |
Frankie W Morea VP Of Progra | 40 | $114,191 | |
Gerald P Grimes VP Creative | 40 | $106,655 | |
Debra Bourne Treasurer | Officer | 30 | $50,397 |
Edward Baker President | OfficerTrustee | 20 | $46,622 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $571,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,505,671 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,076,671 |
| Total Program Service Revenue | $1,458,468 |
| Investment income | $1,470 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$8,771 |
| Net Income from Fundraising Events | $5,001 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,585,071 |
| 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. | $224,168 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,134,219 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $670,438 |
| Payroll taxes | $180,999 |
| Fees for services: Management | $762,829 |
| Fees for services: Legal | $18,605 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $317 |
| Fees for services: Other | $55,663 |
| Advertising and promotion | $93,272 |
| Office expenses | $64,659 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $772,366 |
| Travel | $28,937 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $102,265 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $184,399 |
| Insurance | $23,336 |
| All other expenses | $484,589 |
| Total functional expenses | $6,684,906 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,803,343 |
| Savings and temporary cash investments | $235,822 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $114,453 |
| 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 | $2,123,746 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,827,901 |
| Total assets | $12,105,265 |
| Accounts payable and accrued expenses | $268,562 |
| 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 | $2,778,090 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,046,652 |
| Net assets without donor restrictions | $9,058,613 |
| 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 | $12,105,265 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Positive Alternative Radio Inc has recieved totaling $40,057.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: CULTURE | $12,700 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $11,579 |
American Gift Fund Wilmington, DE PURPOSE: OPERATIONS | $10,000 |
The Community Foundation Inc Richmond, VA PURPOSE: GENERAL PURPOSES | $5,750 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $28 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nashville Public Radio Nashville, TN | $20,343,495 | $8,092,094 |
University Radio Foundation Inc Charlotte, NC | $8,466,410 | $8,498,776 |
Atlantic Gateway Communications Inc Rockville, MD | $17,231,384 | $8,767,157 |
Kentucky Public Radio Inc Louisville, KY | $10,373,136 | $8,133,338 |
Positive Alternative Radio Inc Blacksburg, VA | $12,105,265 | $8,585,071 |
Your Public Radio Corporation Baltimore, MD | $11,534,970 | $6,734,198 |
Western North Carolina Public Radio Inc Asheville, NC | $3,491,277 | $3,010,198 |
Radioloy Business Management Association Fairfax, VA | $1,925,758 | $2,363,822 |
Country Radio Broadcasters Inc Nashville, TN | $4,104,415 | $2,602,863 |
Friends Of Public Radio Inc Wilmington, NC | $2,458,676 | $1,718,286 |
Educational Information Corporation Wcpe Radio Wake Forest, NC | $10,059,393 | $1,795,992 |
Towson University Public Media Towson, MD | $1,208,629 | $1,772,101 |