Florida Association Of Broadcasters Incorporated
- Assets
- $2.4m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 9
- Location
- Tallahassee, FL
- Founding
- 01/1971
- Data as of
- 06/2021
- EIN
- 59-0864165
Organization Overview
Florida Association Of Broadcasters Incorporated is located in Tallahassee, FL. The organization was established in 1971. According to its NTEE Classification (A30) the organization is classified as: Media & Communications, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Florida Association Of Broadcasters Incorporated employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Florida Association Of Broadcasters Incorporated 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 06/2021, Florida Association Of Broadcasters Incorporated generated $2.3m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $1.8m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 6 years. 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
TO PROMOTE THE WELL BEING, COOPERATION AND PROSPERITY OF THE OWNERS, MANAGERS, EMPLOYEES, AND SPECIALTIES ENGAGED IN THE BUSINESS OF BROADCASTING AND TELEVISION IN FLORIDA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NON-COMMERCIAL SUSTAINING ANNOUNCEMENTS - FLORIDA ASSOCIATION OF BROADCASTERS (FAB) WORKS WITH THE GOVERNOR, CABINET MEMBERS AND STATE AGENCIES TO DISTRIBUTE PUBLIC SERVICE ANNOUNCEMENTS RELATING TO IMPORTANT ISSUES FACING FLORIDA, AS WELL AS NOT FOR PROFIT ORGANIZATIONS, ALLOWING STATIONS TO FULFILL THEIR OBLIGATIONS TO INFORM AND EDUCATE THE CITIZENS OF FLORIDA ABOUT INFORMATION AND RELEVANT TOPICS. DURING FY 2021, MEMBERS RAN 446,570 SPOTS TOTALING $23,972,157 OF AIR TIME.
FCC INSPECTIONS - FLORIDA ASSOCIATION OF BROADCASTERS PROVIDES TELEVISION AND RADIO STATIONS WITH THE OPPORTUNITY TO TAKE ADVANTAGE OF THE FAB/FCC ALTERNATIVE INSPECTION PROGRAM. FAB HAS CONTRACTED AN INDEPENDENT INSPECTOR WHO CAN DO A COMPLETE FCC INSPECTION OF A STATION. IF THE STATION IS IN COMPLIANCE, FAB WILL ISSUE THE STATION A CERTIFICATE OF COMPLIANCE AND NOTIFY THE FCC. UNDER AN AGREEMENT WITH THE FCC, THE RANDOM INSPECTION REQUIREMENT IS WAIVED FOR THREE YEARS FOR STATIONS RECEIVING A CERTIFICATE OF COMPLIANCE. DURING FY 2021, 38 STATIONS RECEIVED INSPECTIONS UNDER THIS PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
C Patrick Roberts President & CEO | OfficerTrustee | 40 | $465,900 |
Lindsay Varn VP | 40 | $119,870 | |
Heather Peeples Chairman | OfficerTrustee | 1 | $0 |
Adib Eden Chairman-Elect | OfficerTrustee | 1 | $0 |
Keith Lawless Vice Chairman - Radio | OfficerTrustee | 1 | $0 |
Lara Kunkler Vice Chairman - Tv | 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,285,556 |
| Investment income | $3,003 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$20,852 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,267,707 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $24,000 |
| 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. | $401,380 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $547,728 |
| Pension plan accruals and contributions | $52,601 |
| Other employee benefits | $155,827 |
| Payroll taxes | $36,264 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $35,469 |
| Fees for services: Accounting | $68,372 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,887 |
| Office expenses | $57,736 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $74,748 |
| Travel | $3,490 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $39,001 |
| Interest | $922 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $37,352 |
| Insurance | $14,454 |
| All other expenses | $8,425 |
| Total functional expenses | $1,845,768 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,087,635 |
| Savings and temporary cash investments | $264,662 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $510,282 |
| 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 | $30,132 |
| Net Land, buildings, and equipment | $508,404 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,324 |
| Total assets | $2,403,439 |
| Accounts payable and accrued expenses | $129,953 |
| Grants payable | $0 |
| Deferred revenue | $33,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $27,793 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,925 |
| Total liabilities | $199,671 |
| Net assets without donor restrictions | $2,203,768 |
| 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 | $2,403,439 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Atlanta Educational Telecommunications Collaborative Atlanta, GA | $9,527,387 | $16,413,589 |
Good Life Broadcasting Inc Lake Mary, FL | $64,391,025 | $3,345,789 |
Community Communications Inc Orlando, FL | $5,415,157 | $4,709,881 |
Community Television Inc Norcross, GA | $3,699,160 | $2,176,174 |
Florida Association Of Broadcasters Incorporated Tallahassee, FL | $2,403,439 | $2,267,707 |
Bascomb Memorial Broadcasting Foundation Inc Miami, FL | $2,367,250 | $1,142,641 |
Graphic Communications Mableton, GA | $1,019,989 | $543,538 |
Dawn Bible Students Association Longwood, FL | $3,034,032 | $151,877 |
Vsa Arts Of Georgia Inc Atlanta, GA | $9,642 | $0 |
Excellencies Of Christ Ministries Port Saint Lucie, FL | $56,200 | $269,941 |
Insight For The Blind Inc Fort Lauderdale, FL | $2,134,191 | $1,257,548 |
Kikuyu Diaspora Media Inc Pelham, AL | $280,416 | $319,872 |