South Carolina Broadcasters Association
- Assets
- $1.1m
- Revenue
- $664.8k
- Investments
- $0.0
- Employees
- 3
- Location
- Columbia, SC
- Founding
- 03/1972
- Data as of
- 12/2022
- EIN
- 57-0444048
Organization Overview
South Carolina Broadcasters Association is located in Columbia, SC. The organization was established in 1972. 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 12/2022, South Carolina Broadcasters Association employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Carolina Broadcasters Association 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 12/2022, South Carolina Broadcasters Association generated $664.8k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 22.1% each year . All expenses for the organization totaled $480.7k during the year ending 12/2022. While expenses have increased by 3.2% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE THE SOUTH CAROLINA BROADCAST INDUSTRY'S BEST INTERESTS THROUGH EDUCATIONAL PROGRAMS THAT ASSIST BROADCASTERS IN SERVING THE PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTION OF THE DEVELOPMENT OF COMMERCIAL BROADCASTING INCLUDING THE HOSTING OF CONFERENCES, CONVENTIONS AND MEETINGS.
PROMOTION OF BROADCASTING AND VARIOUS SERVICES TO MEMBERS OF THE ASSOCIATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Margaret Wallace Executive Di | Officer | 36 | $175,148 |
Felicia Cokley Treasurer | OfficerTrustee | 1 | $8,600 |
John Humphries Immed. Past | OfficerTrustee | 1 | $0 |
Steve Sinicropi President | OfficerTrustee | 1 | $0 |
Lyle Schulze President-El | OfficerTrustee | 1 | $0 |
Chris Bailey Vice Preside | OfficerTrustee | 1 | $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 | $3,492 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,492 |
| Total Program Service Revenue | $127,020 |
| Investment income | $12,790 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$4,426 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $664,814 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $15,000 |
| 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. | $183,748 |
| Compensation of current officers, directors, key employees. | $18,375 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $43,790 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,235 |
| Payroll taxes | $14,087 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $17,250 |
| Fees for services: Accounting | $3,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,012 |
| Fees for services: Other | $3,284 |
| Advertising and promotion | $0 |
| Office expenses | $7,596 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $20,992 |
| Travel | $9,603 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $105,605 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,910 |
| All other expenses | $12,285 |
| Total functional expenses | $480,714 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $320,860 |
| Savings and temporary cash investments | $150,414 |
| 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 | $25,732 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $587,048 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,084,054 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $69,380 |
| 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 | $11,018 |
| Total liabilities | $80,398 |
| Net assets without donor restrictions | $1,003,656 |
| 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 | $1,084,054 |
Grants Awarded
Over the last fiscal year, South Carolina Broadcasters Association has awarded $27,781 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SC BROADCASTERS EDUCATIONAL FOUNDATSC BROADCASTERS EDUCATIONAL FOUNDAT PURPOSE: SCHOLARSHIPS | $7,781 |
USC DEVELOPMENT FOUNDATION | | | $20,000 |