National Association Of Broadcasters Leadership Foundation
- Assets
- $5.1m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 07/2003
- Data as of
- 12/2023
- EIN
- 52-1866840
Organization Overview
National Association Of Broadcasters Leadership Foundation is located in Washington, DC. The organization was established in 2003. 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. National Association Of Broadcasters Leadership 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 12/2023, National Association Of Broadcasters Leadership Foundation generated $1.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $2.0m during the year ending 12/2023. While expenses have increased by 1.6% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION IS DEDICATED TO REINFORCING THE FUTURE OF BROADCASTING THROUGH A COMMITMENT TO EDUCATION AND TO ADVANCING EXCELLENCE IN THE DIVERSITY AND COMMUNITY SERVICE EFFORTS OF OUR INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CELEBRATION OF SERVICE TO AMERICA (STA) : THE CELEBRATION OF STA GALA, HELD EACH YEAR, RECOGNIZES LOCAL RADIO AND TELEVISION BROADCASTERS FOR OUTSTANDING PUBLIC SERVICE. IN ADDITION TO RECOGNIZING STATIONS FOR SERVICING THEIR LOCAL COMMUNITIES, THE LEADERSHIP AWARD IS PRESENTED TO A PUBLIC FIGURE OUTSIDE OF THE BROADCASTING INDUSTRY IN RECOGNITION OF HIS OR HER HUMANITARIAN WORK. THE CELEBRATION IS PRODUCED INTO A TELEVISION SHOW THAT AIRS ON STATIONS NATIONWIDE.
BROADCAST LEADERSHIP TRAINING (BLT): THE EXECUTIVE MBA-STYLE PROGRAM IS HELD ONE WEEKEND PER MONTH AT NAB'S HQ IN WASHINGTON, DC. FACULTY INCLUDE MEDIA BROKERS, FINANCIAL EXPERTS, VENTURE CAPITALISTS, PROMINENT BROADCASTERS, MANAGEMENT EXPERTS, FCC COMMISSIONERS AND COLLEGE PROFESSORS. BLT PROGRAM HELPS IN EXPANDING THE NUMBER OF BROADCAST OWNERS AND SENIOR EXECUTIVES FROM DIVERSE BACKGROUNDS.
MEDIA SALES ACADEMY (MSA): MSA PROGRAM TRAINS RECENT COLLEGE GRADUATES DURING AN INTENSIVE TRAINING PROGRAM, WHERE THE STUDENTS LEARN ABOUT WINNING SALES STRATEGIES, NETWORKING, PRESENTING EFFECTIVE PITCHES AND CLOSING SALES. AT THE END OF THE PROGRAM, STUDENT MAKE MOCK SALES PRESENTATIONS TO RECRUITING COMPANIES. MANY STUDENTS WHO PARTICIPATE ARE HIRED FOR MEDIA SALES POSITIONS. MSA TRAINS COLLEGE JUNIORS THROUGH RECENT COLLEGE GRADUATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Darrell Brown Board Chair (to 11/30/23) | Trustee | 1 | $0 |
Artie Altman Board Director | Trustee | 1 | $0 |
Caroline Beasley Board Director | Trustee | 1 | $0 |
Tony Coles Board Director | Trustee | 1 | $0 |
Jan Goldstein Board Director | Trustee | 1 | $0 |
Kim Guthrie Board Director (to 12/31/23) | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $250,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $254,595 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $504,595 |
| Total Program Service Revenue | $1,185,901 |
| Investment income | $81,758 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $13,692 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,788,196 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $71,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $513,691 |
| Compensation of current officers, directors, key employees. | $25,685 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $305,690 |
| Pension plan accruals and contributions | $15,877 |
| Other employee benefits | $1,029 |
| Payroll taxes | $52,236 |
| Fees for services: Management | $15,896 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,886 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $123,624 |
| Advertising and promotion | $2,862 |
| Office expenses | $59,045 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,550 |
| Travel | $203,444 |
| 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 | $2,778 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,982,754 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $566,804 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $23,334 |
| Accounts receivable, net | $133,325 |
| 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 | $20,457 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $4,322,731 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,066,651 |
| Accounts payable and accrued expenses | $44,903 |
| Grants payable | $0 |
| Deferred revenue | $514,855 |
| 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 | $559,758 |
| Net assets without donor restrictions | $4,065,678 |
| Net assets with donor restrictions | $441,215 |
| 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 | $5,066,651 |
Grants Awarded
Over the last fiscal year, National Association Of Broadcasters Leadership Foundation has awarded $366,096 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
ARIZONA STATE UNIVERSITY PURPOSE: MEDIA SALES TRAINING | $52,817 |
B & H ELECTRONICS PURPOSE: PUERTO RICO RADIO RELIEF | $76,000 |
EMMA BOWEN FOUNDATION PURPOSE: SUMMER INTERNS | $9,618 |
HOWARD UNIVERSITY PURPOSE: MEDIA SALES TRAINING | $44,613 |
ARIZONA STATE UNIVERSITY PURPOSE: MEDIA SALES TRAINING | $52,817 |
EMMA BOWEN FOUNDATION PURPOSE: SUMMER INTERNS | $9,618 |