Educational Information Corporation Wcpe Radio
- Assets
- $10.4m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 34
- Location
- Wake Forest, NC
- Founding
- 09/1974
- Data as of
- 07/2022
- EIN
- 56-1061859
Organization Overview
Educational Information Corporation Wcpe Radio, operating under the name Wcpe-Fm The Classical Station, is located in Wake Forest, NC. The organization was established in 1974. 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 07/2023, Wcpe-Fm The Classical Station employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wcpe-Fm The Classical Station 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 07/2022, Wcpe-Fm The Classical Station generated $1.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $1.5m during the year ending 07/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO DISSEMINATE EDUCATIONAL INFORMATION, INCLUDING EXPANDING THE COMMUNITY OF CLASSICAL MUSIC LOVERS BY SHARING ACCESSIBLE CLASSICAL MUSIC WITH EVERYONE, EVERYWHERE, AT ANY TIME. WE ENTERTAIN, EDUCATE AND ENGAGE OUR AUDIENCE WITH INFORMED ANNOUNCERS, PROGRAMS, AND PUBLICATIONS. WE STRIVE TO MAKE IT EASY TO APPRECIATE AND ENJOY CLASSICAL MUSIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF NOT-FOR-PROFIT, NON-COMMERCIAL, EDUCATIONAL, FCC LICENSED FM RADIO STATION AND OTHER FCC LICENSED EDUCATIONAL BROADCAST OPERATIONS, FOR THE AREA OF CENTRAL NORTH CAROLINA AND SOUTHSIDE VIRGINIA. WE MAKE OUR PROGRAMMING AVAILABLE TO OTHERS INCLUDING INDIVIDUALS BY STREAMING WITHOUT CHARGE OR OBLIGATION TO ALL, PUBLIC BROADCASTING OUTLETS, ENTITIES LEGALLY ABLE TO REBROADCAST OUR SIGNAL, ALSO WITHOUT CHARGE OR OBLIGATION. OUR PROGRAMMING IS ALSO AVAILABLE AROUND THE WORLD AT NO CHARGE VIA STREAMING ON THE INTERNET. GRANTS ARE MADE TO NON-PROFIT ORGANIZATIONS WHICH ASSIST WCPE AND PARALLEL ITS MISSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah S Proctor President/general Manager | OfficerTrustee | 40 | $92,755 |
Needham W Langston Jr Secretary | OfficerTrustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,686,727 |
| Noncash contributions included in lines 1a–1f | $62,208 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,686,727 |
| Total Program Service Revenue | $129,173 |
| Investment income | $5,692 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $72,195 |
| 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 | $1,896,416 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $18,700 |
| 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 | $720,679 |
| Pension plan accruals and contributions | $9,093 |
| Other employee benefits | $4,006 |
| Payroll taxes | $55,805 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,404 |
| Fees for services: Accounting | $1,725 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $47,715 |
| Advertising and promotion | $3,848 |
| Office expenses | $169,005 |
| Information technology | $45,202 |
| Royalties | $0 |
| Occupancy | $79,912 |
| Travel | $1,675 |
| 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 | $51,782 |
| All other expenses | $1,322 |
| Total functional expenses | $1,504,258 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,218,395 |
| Savings and temporary cash investments | $1,237,450 |
| 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 | $43,008 |
| Net Land, buildings, and equipment | $5,898,701 |
| Investments—publicly traded securities | $232,382 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,801,915 |
| Total assets | $10,431,851 |
| Accounts payable and accrued expenses | $587 |
| 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 | $7,360 |
| Total liabilities | $7,947 |
| Net assets without donor restrictions | $10,270,853 |
| Net assets with donor restrictions | $153,051 |
| 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 | $10,431,851 |