Educational Media Corp
- Assets
- $1.2m
- Revenue
- $41.0k
- Investments
- $927.5k
- Employees
- 0
- Location
- Spotsylvania, VA
- Founding
- 07/1983
- Data as of
- 12/2023
- EIN
- 54-1218818
Organization Overview
Educational Media Corp is located in Spotsylvania, VA. The organization was established in 1983. 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. Educational Media Corp 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, Educational Media Corp generated $41.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (12.2%) each year. All expenses for the organization totaled $55.8k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (16.0%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO COMMUNICATE BASIC BIBLICAL CHRISTIANITY IN A RELEVANT WAY THROUGH MEDIA CHANNELS AND OTHER OUTLETS TO ACHIEVE GLOBAL EVANGELISM THROUGH TEACHING AND INSTRUCTION
PRODUCE AND DISTRIBUTE INSPIRATIONAL, EDUCATIONAL, AND INFORMATIONAL CHRISTIAN MEDIA. PROVIDE CONSULTING AND TRAINING IN MEDIA ARTS IN COOPERATION WITH LIKE MINISTRIES.
SERVE THE LOCAL COMMUNITY THROUGH DEVELOPMENT AND OPERATION OF VOICE AND DATA COMMUNICATIONS SYSTEMS AVAILABLE TO HOSPITALS AND EMERGENCY COMMUNICATIONS RESPONDERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Stover President | 20 | $0 | |
Adam Stover Vice President | 5 | $0 | |
Sarah Lynd Secretary | 5 | $0 | |
Helen Stover Director | 2.5 | $0 | |
Katy Eagan Director | 2.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $9,711 |
| Interest on Savings | $1,282 |
| Dividends & Interest | $20,583 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $9,392 |
| Capital Gain Net Income | $9,400 |
| Net ST Capital Gain | $4,437 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $40,968 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $876 |
| Interest | $2,260 |
| Taxes | $0 |
| Depreciation | $6,468 |
| Occupancy | $29,071 |
| Travel, conferences, and meetings | $4,695 |
| Printing and publications | $0 |
| Other expenses | $12,407 |
| Total operating and administrative expenses | $55,777 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $55,777 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,316 |
| 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 | $248,970 |
| Other assets | $0 |
| Total assets | $1,200,808 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Educational Media Corp has awarded $108,250 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
WX4EMC TECH TEAM PURPOSE: SERVE LOCAL COMMUNITY THROUGH DEVOPS OF COMMUNICA | $15,400 |
POCHALLA FM PURPOSE: COMMUNICATE BIBLICAL CHRISTIANITY THROUGH MEDIA | $92,850 |