Good Life Broadcasting Inc
- Assets
- $64.4m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 22
- Location
- Lake Mary, FL
- Founding
- 02/1982
- Data as of
- 12/2021
- EIN
- 59-2112394
Organization Overview
Good Life Broadcasting Inc is located in Lake Mary, FL. The organization was established in 1982. 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 12/2021, Good Life Broadcasting Inc employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Good Life Broadcasting Inc 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 12/2021, Good Life Broadcasting Inc generated $3.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $7.5m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Good Life Broadcasting Inc has awarded 79 individual grants totaling $21,752,289. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO SHARE CHRIST IN COMPELLING WAYS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BROADCAST & PRODUCTION OF CHRISTIAN & EDUCATIONAL PROGRAMS TO SPREAD THE GOSPEL & TEACH CHRISTIAN LIVING. TV 45 OPERATES 24 HOURS A DAY SEVEN DAYS A WEEK. PROGRAMMING INCLUDES RELIGIOUS AND EDUCATIONAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Stiger President/ceo | Officer | 40 | $157,864 |
Mark Polino Secretary/director | Officer | 1 | $0 |
Robert Harrell Chair/director | Officer | 1 | $0 |
James G Norman Director | Trustee | 1 | $0 |
Ralph Singleton Director | Trustee | 1 | $0 |
Howard Dayton Director | Trustee | 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 | $1,181,324 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,181,324 |
| Total Program Service Revenue | $0 |
| Investment income | $2,055,188 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,345,789 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,577,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $716,823 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $167,564 |
| Payroll taxes | $52,229 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,267 |
| Fees for services: Accounting | $20,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $209 |
| Office expenses | $0 |
| Information technology | $39,419 |
| Royalties | $0 |
| Occupancy | $36,479 |
| Travel | $5,687 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $379,609 |
| Insurance | $65,993 |
| All other expenses | $82,062 |
| Total functional expenses | $7,535,046 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,349,037 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $149,474 |
| 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 | $40,233 |
| Net Land, buildings, and equipment | $3,023,025 |
| Investments—publicly traded securities | $54,008,461 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $3,804,645 |
| Other assets | $16,150 |
| Total assets | $64,391,025 |
| Accounts payable and accrued expenses | $79,274 |
| Grants payable | $0 |
| Deferred revenue | $13,690 |
| 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 | $0 |
| Total liabilities | $92,964 |
| Net assets without donor restrictions | $64,298,061 |
| 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 | $64,391,025 |
Grants Awarded
Over the last fiscal year, Good Life Broadcasting Inc has awarded $5,576,000 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
ALTAMONTE CHRISTIAN SCHOOL PURPOSE: DONATION FOR OPERATING NEEDS | $2,500,000 |
Springfield, MO PURPOSE: DONATION FOR OPERATING NEEDS | $1,000,000 |
Columbus, GA PURPOSE: DONATION FOR OPERATING NEEDS | $500,000 |
Sanford, FL PURPOSE: MATCHING CONTRIBUTION | $300,000 |
Orlando, FL PURPOSE: HAITI RELIEF | $250,000 |
Winter Park, FL PURPOSE: CONVOY OF HOPE BAHAMAS INITIATIVE/COVID-19 | $250,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Good Life Broadcasting Inc has recieved totaling $25.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $25 |
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 |