Florida Association Of Broadcasters Incorporated
- Assets
- $2.9m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 8
- Location
- Tallahassee, FL
- Founding
- 01/1971
- Data as of
- 06/2022
- 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 06/2022, Florida Association Of Broadcasters Incorporated employed 8 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 06/2022, Florida Association Of Broadcasters Incorporated generated $2.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $2.3m during the year ending 06/2022. While expenses have increased by 1.5% per year over the past 6 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 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 2022, MEMBERS RAN 489,155 SPOTS TOTALING $26,956,603 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 2022, 34 STATIONS RECEIVED INSPECTIONS UNDER THIS PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heather Peeples Immediate Past Chairman | OfficerTrustee | 1 | $0 |
Adib Eden Chairman | OfficerTrustee | 1 | $0 |
Keith Lawless Vice Chairman - Radio | OfficerTrustee | 1 | $0 |
Lara Kunkler Chairman-Elect | OfficerTrustee | 1 | $0 |
Jorge Carballo Vice Chairman - Hispanic | OfficerTrustee | 1 | $0 |
C Patrick Roberts President & CEO | OfficerTrustee | 40 | $771,452 |
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 | $2,834,982 |
| Investment income | $867 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,099 |
| 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 | $2,841,948 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $32,100 |
| 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. | $767,675 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $207,926 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $169,958 |
| Payroll taxes | $49,846 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,600 |
| Fees for services: Accounting | $79,932 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $45,654 |
| Office expenses | $73,923 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $51,560 |
| Travel | $25,027 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $325,904 |
| Interest | $489 |
| Payments to affiliates | $5,000 |
| Depreciation, depletion, and amortization | $32,915 |
| Insurance | $14,773 |
| All other expenses | $6,597 |
| Total functional expenses | $2,276,284 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,174,285 |
| Savings and temporary cash investments | $265,457 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $970,117 |
| 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 | $479,251 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,921 |
| Total assets | $2,924,163 |
| Accounts payable and accrued expenses | $131,802 |
| Grants payable | $0 |
| Deferred revenue | $18,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $50 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,879 |
| Total liabilities | $154,731 |
| Net assets without donor restrictions | $2,769,432 |
| 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 | $2,924,163 |