Radio Free Asia
- Assets
- $15.0m
- Revenue
- $48.6m
- Investments
- $0.0
- Employees
- 301
- Location
- Washington, DC
- Founding
- 08/1996
- Data as of
- 09/2021
- EIN
- 52-1968145
Organization Overview
Radio Free Asia is located in Washington, DC. The organization was established in 1996. 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 09/2021, Radio Free Asia employed 301 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Radio Free Asia 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 09/2021, Radio Free Asia generated $48.6m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $48.9m during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (0.7%) per year over the past 6 years. 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
PROVIDE NEWS AND INFORMATION TO ASIAN COUNTRIES WHOSE GOVERNMENTS PROHIBIT ACCESS TO A FREE PRESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BROADCASTING AND PROGRAMMING OPERATIONS: RADIO FREE ASIA BROADCASTS TO CHINA IN MANDARIN, CANTONESE AND UYGHUR LANGUAGES. IT ALSO BROADCASTS TO CAMBODIA, LAOS, NORTH KOREA, TIBET, VIETNAM AND MYANMAR. ITS PROGRAMMING DEPARTMENT OVERSEES THE REPORTING AND EDITING DONE BY ALL THE LANGUAGE SERVICES, AS WELL AS THE WORK OF ITS OVERSEAS BUREAUS, OUTSIDE CONTRIBUTORS AND CONSULTANTS. THE DEPARTMENT ALSO OVERSEES WIRE ROOM EDITORS AND RESEARCHERS.
BENARNEWS & NEASP: ON MARCH 1, 2015, BBG LAUNCHED PROJECT BENARNEWS WHICH PUBLISHES IN FIVE LANGUAGES - BENGALI, THAI, BAHASA MALAYSIA, BAHASA INDONESIA, AND ENGLISH. IN APRIL 2016, RFA WAS GRANTED AN AWARD TO DEVELOP MULTI-MEDIA COUNTER TERRORISM PRODUCTS DESIGNED TO ADDRESS TERRORISM CONCERNS IN THE INDO-ASIA REGION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ton-Ming Fang President | Officer | 40 | $295,968 |
David Baden Chief Technology Officer (resigned 1/2/20) | 40 | $260,037 | |
Patrick Taylor Jr Chief Financial Officer / Treasurer | Officer | 40 | $186,172 |
Paramesian Ponnudurai Executive Editor (resigned 6/30/21) | 40 | $176,583 | |
Bernadette M Burns Secretary (resigned 10/1/21) | Officer | 40 | $170,309 |
Min Mitchell Executive Editor | 40 | $167,284 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Adk Media Group Llc Digital Video Editing | 9/29/19 | $229,732 |
Electronic Froniter Foundation Internet Consultants | 9/29/19 | $212,342 |
Hogan Lovells Legal Services | 9/29/19 | $148,121 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $48,612,809 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $48,612,809 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| 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 | $48,612,809 |
| 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. | $631,527 |
| Compensation of current officers, directors, key employees. | $528,326 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $26,565,453 |
| Pension plan accruals and contributions | $2,201,383 |
| Other employee benefits | $3,769,716 |
| Payroll taxes | $1,721,168 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $168,458 |
| Fees for services: Accounting | $93,971 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,308,519 |
| Advertising and promotion | $109,366 |
| Office expenses | $499,579 |
| Information technology | $469,053 |
| Royalties | $0 |
| Occupancy | $5,128,427 |
| Travel | $133,770 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,735 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $329,795 |
| Insurance | $184,513 |
| All other expenses | $356,866 |
| Total functional expenses | $48,942,603 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,000 |
| Savings and temporary cash investments | $12,489,659 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $152,556 |
| 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 | $26,499 |
| Net Land, buildings, and equipment | $1,467,822 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $826,408 |
| Total assets | $14,965,944 |
| Accounts payable and accrued expenses | $7,917,890 |
| 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 | $5,312,981 |
| Total liabilities | $13,230,871 |
| Net assets without donor restrictions | $1,735,073 |
| 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 | $14,965,944 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Radio Free Asia has recieved totaling $50.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $50 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Radio Free Asia Washington, DC | $14,965,944 | $48,612,809 |
Atlantic Gateway Communications Inc Rockville, MD | $17,231,384 | $8,767,157 |
Positive Alternative Radio Inc Blacksburg, VA | $12,105,265 | $8,585,071 |
Your Public Radio Corporation Baltimore, MD | $11,534,970 | $6,734,198 |
Radioloy Business Management Association Fairfax, VA | $1,925,758 | $2,363,822 |
Towson University Public Media Towson, MD | $1,208,629 | $1,772,101 |
America Abroad Media Washington, DC | $41,649 | $950,475 |
Council On Radionuclides & Radiopharmaceuticals Washington, DC | $1,555,856 | $899,428 |
The Software Defined Radio Forum Inc Reston, VA | $795,838 | $578,782 |
Radio Amateur Satellite Corporation Washington, DC | $932,548 | $409,298 |
Foundation For Amateur Radio Inc Laurel, MD | $244,713 | $131,593 |
Radio & Television News Directors Foundation Washington, DC | $2,755,583 | $335,407 |