The Nathan B Stubblefield Foundation Inc
- Assets
- $3.7m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 23
- Location
- Tampa, FL
- Founding
- 11/1978
- Data as of
- 09/2023
- EIN
- 59-1619213
Organization Overview
The Nathan B Stubblefield Foundation Inc, operating under the name Wmnf, is located in Tampa, FL. The organization was established in 1978. 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 09/2023, Wmnf employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wmnf 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 09/2023, Wmnf generated $2.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $1.9m during the year ending 09/2023. While expenses have increased by 1.1% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE NATHAN B. STUBBLEFIELD FOUNDATION, A 501(C)(3) PUBLIC CHARITY ESTABLISHED SOLELY TO OPERATE WMNF 88.5 FM. WMNF IS A NON-COMMERICAL, LISTENER SUPPORTED COMMUNITY RADIO STATION THAT CELEBRATES CULTURAL DIVERSITY AND IS COMMITTED TO EQUALITY, PEACE AND ECONOMIC JUSTICE. WMNF PROVIDES BROADCASTS AND OTHER FORUMS WITH A GRASSROOTS LOCAL EMPHASIS, THAT PROMOTE CREATIVE, MUSICAL AND POLITICAL VITALITY. COMMUNITY EVENTS ALSO SERVE AS A PUBLIC EXTENSION OF OUR PROGRAMMING AND MISSION. WE ARE COMMITTED TO THE VALUES EXPRESSED BY OUR MISSION, ESPECIALLY AS THEY RELATE TO ISSUES INVOLVING THE VARIOUS ETHNIC GROUPS LIVING IN OUR COMMUNITY, WOMEN, THE ECONOMICALLY DISADVANTAGED OR CHALLENGED AND OTHER GROUPS WHO MAY BE DISENFRANCHISED IN OUR SOCIETY. WE OFFER SAFE HAVEN FOR EXPRESSION BY MEMBERS OF THESE GROUPS, REGARDLESS OF THEIR SOCIAL STATUS, RACE, GENDER OR SEXUAL ORIENTATION AND BY OUR ACTIVITIES HOPE TO PROMOTE PEACE, GOODWILL AND A SENSE OF COMMUNITY BEYOND THE WALLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRODUCTION AND ACQUISITION OF RADIO PROGRAMS FOR COMMUNITY RADIO - APPROXIMATELY 1000 HOURS PER YEAR.
PROVIDING INFORMATION ON THE ORGANIZATION'S WEBSITE ABOUT PROGRAMMINGAND OUTREACH ACTIVITIES.
BROADCASTING RADIO PROGRAMS AND COMMUNITY NON-COMMERCIAL PROGRAMMING 24 HOURS A DAY.
PRODUCTION OF CULTURAL EVENTS THAT BRING ARTISTS AND SPEAKERS THAT HAVE BEEN BROADCAST IN THE STATION'S PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jon Greaves Community Youth Seat | Trustee | 5 | $0 |
Scott Elliott Director | Trustee | 5 | $0 |
Mark Schreier Director | Trustee | 5 | $0 |
Grant Hart Director | Trustee | 5 | $0 |
Joellen Schilke Director | Trustee | 5 | $0 |
Jennifer Campbell Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $383,359 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $447,345 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,079,363 |
| Noncash contributions included in lines 1a–1f | $34,313 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,910,067 |
| Total Program Service Revenue | $184,203 |
| Investment income | $11,085 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $6,564 |
| Net Income from Sales of Inventory | $5,213 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,127,377 |
| 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. | $283,738 |
| Compensation of current officers, directors, key employees. | $226,632 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $379,809 |
| Pension plan accruals and contributions | $4,692 |
| Other employee benefits | $50,153 |
| Payroll taxes | $49,722 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,310 |
| Fees for services: Accounting | $24,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $115,369 |
| Advertising and promotion | $126,128 |
| Office expenses | $84,340 |
| Information technology | $45,897 |
| Royalties | $0 |
| Occupancy | $54,403 |
| Travel | $1,560 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,431 |
| Interest | $594 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $112,594 |
| Insurance | $68,081 |
| All other expenses | $97,356 |
| Total functional expenses | $1,906,532 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $392,784 |
| Savings and temporary cash investments | $820,702 |
| Pledges and grants receivable | $25,000 |
| Accounts receivable, net | $6,592 |
| 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 | $18,078 |
| Net Land, buildings, and equipment | $1,597,937 |
| Investments—publicly traded securities | $580,695 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $296,632 |
| Other assets | $0 |
| Total assets | $3,738,420 |
| Accounts payable and accrued expenses | $198,647 |
| Grants payable | $0 |
| Deferred revenue | $1,092 |
| 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 | $298,599 |
| Total liabilities | $498,338 |
| Net assets without donor restrictions | $2,895,002 |
| Net assets with donor restrictions | $345,080 |
| 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 | $3,738,420 |