Wslr Inc
- Assets
- $1.0m
- Revenue
- $541.4k
- Investments
- $0.0
- Employees
- 13
- Location
- Sarasota, FL
- Founding
- 05/2005
- Data as of
- 07/2023
- EIN
- 56-2485148
Organization Overview
Wslr Inc, operating under the name Fogartyville Comm Media & Arts Ctr, is located in Sarasota, FL. The organization was established in 2005. 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, Fogartyville Comm Media & Arts Ctr employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fogartyville Comm Media & Arts Ctr 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 07/2023, Fogartyville Comm Media & Arts Ctr generated $541.4k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 17.7% each year . All expenses for the organization totaled $488.0k during the year ending 07/2023. While expenses have increased by 15.7% per year over the past 4 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
OPERATE A COMMUNITY RADIO STATION AND A COMMUNITY ARTS CENTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATES A LOW POWER FM COMMUNITY RADIO STATION. PROVIDES FOR EQUIPMENT, FACILITIES, AND OTHER COSTS NECESSARY FOR BROADCASTING 365 DAYS A YEAR.
OPERATION OF COMMUNITY AND MEDIA ARTS CENTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ed Subkis Board Chair | OfficerTrustee | 3 | $0 |
David Brain Director | Trustee | 1 | $0 |
Dru Greene Board Vice C | OfficerTrustee | 2 | $0 |
Jennifer Rippel Treasurer | OfficerTrustee | 2 | $0 |
Brian Jones Secretary | OfficerTrustee | 2 | $0 |
Sophia Brown Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $171,897 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $134,162 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $306,059 |
| Total Program Service Revenue | $230,219 |
| Investment income | $3,297 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,800 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $541,375 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $155,314 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,904 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $11,909 |
| Office expenses | $3,547 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $21,664 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,345 |
| Interest | $13,139 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $52,998 |
| Insurance | $4,107 |
| All other expenses | $14,403 |
| Total functional expenses | $488,041 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $481,815 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,935 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,317 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $541,224 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,027,291 |
| Accounts payable and accrued expenses | $2,194 |
| Grants payable | $0 |
| Deferred revenue | $10,500 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $318,834 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,871 |
| Total liabilities | $334,399 |
| Net assets without donor restrictions | $677,892 |
| Net assets with donor restrictions | $15,000 |
| 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 | $1,027,291 |