North Carolina Association Of Broadcasters Inc
- Assets
- $1.7m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Raleigh, NC
- Founding
- 06/1965
- Data as of
- 12/2021
- EIN
- 56-0840444
Organization Overview
North Carolina Association Of Broadcasters Inc is located in Raleigh, NC. The organization was established in 1965. 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. North Carolina Association Of Broadcasters Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, North Carolina Association Of Broadcasters Inc generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.9% each year . All expenses for the organization totaled $520.5k during the year ending 12/2021. 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
THE PRIMARY EXEMPT PURPOSE IS TO PROMOTE CLOSER COOPERATION AND UNDERSTANDING AMONG MEMBERS; TO MAKE POSSIBLE UNIFIED EFFORT WHEN UNITY IS BENEFICIAL; TO PROTECT ITS MEMBERS IN EVERY LAWFUL AND PROPER MANNER FROM INJUSTICES AND UNJUST EXACTIONS; TO ENCOURAGE AND PROMOTE CUSTOMS AND PRACTICES WHICH WILL BE FOR THE INTERESTS OF THE PUBLIC AND THE BROADCASTING INDUSTRY; TO HELP EDUCATE THE PUBLIC AND BUSINESS GENERALLY CONCERNING THE USES AND VALUES OF BROADCASTING ADVERTISING; AND TO ACT AS A REGIONAL CONTACT WITH THE NATIONAL ASSOCIATION OF BROADCASTERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NCAB ADVOCATES ON BEHALF OF ITS MEMBERS TO ADVANCE THE INTERESTS OF THE STATE BROADCAST INDUSTRY BEFORE THE LEGISLATIVE, EXECUTIVE AND JUDICIAL BRANCHES OF GOVERNMENT. NCAB ALSO PROMOTES CLOSER COOPERATION AND UNDERSTANDING BETWEEN ITS MEMBERS FOR THE BENEFIT OF THE BROADCAST INDUSTRY. THE ASSOCIATION ALSO EDUCATES THE PUBLIC, STATE LEADERS AND OTHER BUSINESSES ABOUT THE USES AND VALUE OF BROADCASTING AND THE IMPORTANCE OF THE ROLE BROADCASTERS PLAY IN THEIR LOCAL COMMUNITIES.
NCAB PROVIDES SERVICES RELATED TO FCC (FEDERAL COMMUNICATIONS COMMISSION) COMPLIANCE DIRECTLY TO THE MEMBERSHIP WHICH INCLUDE MEMBER TRAINING WEBINARS AND THE ALTERNATIVE BROADCAST INSPECTION PROGRAM (ABIP). THE TRAINING OPPORTUNITIES INCLUDE SALES, MANAGEMENT, PROGRAMMING, AND OTHER PERTINENT TOPICS RELATING TO THE BROADCAST INDUSTRY IN ADDITION TO LEGAL & FCC COMPLIANCE. ABIP INSPECTIONS ARE COMPLETED BY AN INDEPENDENT CONTRACTOR RETAINED BY THE ASSOCIATION UPON REQUEST OF THE MEMBER STATIONS TO CERTIFY BASIC REGULATORY COMPLIANCE UNDER THE RULES AND REGULATIONS OF THE FCC. STATIONS FOUND "IN COMPLIANCE" ARE THEN GRANTED A 3 YEAR GRACE PERIOD DURING WHICH TIME STATIONS ARE EXEMPTED FROM FURTHER ROUTINE/RANDOM INSPECTIONS BY THE FCC.
NCAB HAS A NON-COMMERCIAL SUSTAINING ANNOUNCEMENT (NCSA)/PUBLIC EDUCATION PROGRAM (PEP) WHICH HELPS NON-PROFIT AND GOVERNMENT AGENCIES AIR THEIR MESSAGES EFFECTIVELY AND AFFORDABLY ON RADIO AND TELEVISION STATIONS STATEWIDE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cedric Thomas Vice President Of Televisi | OfficerTrustee | 1 | $0 |
Brian Maloney President Elect | OfficerTrustee | 1 | $0 |
Trip Savery Immediate Past President | OfficerTrustee | 1 | $0 |
Michelle Butt President | OfficerTrustee | 1 | $0 |
Joel Davis Secretary/treasurer | OfficerTrustee | 1 | $0 |
Marsha Landess Vice President Of Radio | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Association Management Inc Management Services | 12/30/21 | $226,600 |
Brooks Pierce Mclendon Humphrey And Leon Legal Services | 12/30/21 | $158,756 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $962,000 |
| 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 | $962,000 |
| Total Program Service Revenue | $67,925 |
| Investment income | $37,383 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$21,411 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,049,811 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $226,600 |
| Fees for services: Legal | $157,256 |
| Fees for services: Accounting | $6,129 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,414 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,964 |
| Office expenses | $3,077 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,625 |
| 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 | $0 |
| Insurance | $3,068 |
| All other expenses | $13,843 |
| Total functional expenses | $520,528 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $311,449 |
| Savings and temporary cash investments | $114,580 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $1,299,778 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,725,807 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,725,807 |
| 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 | $1,725,807 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Close Up Foundation Arlington, VA | $14,345,080 | $29,947,664 |
Avixa Inc Fairfax, VA | $46,265,745 | $24,073,364 |
Vpm Media Corporation Richmond, VA | $41,400,162 | $23,558,151 |
Atlanta Educational Telecommunications Collaborative Atlanta, GA | $9,527,387 | $16,413,589 |
States Newsroom Chapel Hill, NC | $13,800,464 | $21,635,211 |
Wireless Infrastructure Association Arlington, VA | $5,735,220 | $13,503,985 |
The Landmark Foundation Norfolk, VA | $109,541,807 | $6,787,493 |
Memphis Fourth Estate Inc Memphis, TN | $2,591,759 | $5,585,999 |
Mid-South Public Communications Foundation Cordova, TN | $12,673,070 | $6,880,659 |
The Center For Documentary Studies Durham, NC | $43,603,036 | $4,787,381 |
Journalism For Change Inc Arlington, VA | $491,394 | $3,913,277 |
Mennomedia Inc Harrisonburg, VA | $1,388,799 | $3,143,696 |