Putnam Radio Ministries
- Assets
- $932.7k
- Revenue
- $348.6k
- Investments
- $0.0
- Employees
- 6
- Location
- Palatka, FL
- Founding
- 07/1997
- Data as of
- 12/2021
- EIN
- 59-3009352
Organization Overview
Putnam Radio Ministries is located in Palatka, FL. The organization was established in 1997. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. As of 12/2021, Putnam Radio Ministries employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Putnam Radio Ministries 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, Putnam Radio Ministries generated $348.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $267.1k during the year ending 12/2021. While expenses have increased by 3.9% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE CHRISTIAN EDUCATION THROUGH THE OPERATION OF A NON-PROFIT RADIO STATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CORPORATION PROVIDED 8,760 HOURS OF RADIO BROADCASTING CONSISTING OF CHRISTIAN EDUCATIONAL PROGRAMMING, AS WELL AS PUBLIC SERVICE PROGRAMMING, NEWS, AND EMERGENCY BROADCAST SERVICE PROGRAMMING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robin Robinson General Manager | Officer | 40 | $58,768 |
Gerald Ragans President | Trustee | 2 | $0 |
Tom Dillon Vice President | Trustee | 2 | $0 |
Jeff Bedenbaugh Director | Trustee | 2 | $0 |
Grayson Meade Jr Sec/treas | Trustee | 2 | $0 |
Stephen Jones Director | Trustee | 2 | $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 | $299,113 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $299,113 |
| Total Program Service Revenue | $7,578 |
| Investment income | $5,653 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $30,479 |
| Net Income from Fundraising Events | $5,801 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $348,624 |
| 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. | $58,768 |
| Compensation of current officers, directors, key employees. | $5,877 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $61,442 |
| Pension plan accruals and contributions | $6,155 |
| Other employee benefits | $0 |
| Payroll taxes | $9,196 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,490 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,072 |
| Fees for services: Other | $6,000 |
| Advertising and promotion | $19,949 |
| Office expenses | $17,312 |
| Information technology | $4,749 |
| Royalties | $0 |
| Occupancy | $9,414 |
| Travel | $1,500 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,892 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,852 |
| Insurance | $11,794 |
| All other expenses | $61 |
| Total functional expenses | $267,063 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $61,528 |
| Savings and temporary cash investments | $11,220 |
| 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 | $0 |
| Net Land, buildings, and equipment | $220,987 |
| Investments—publicly traded securities | $638,962 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $932,697 |
| Accounts payable and accrued expenses | $2,237 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $2,237 |
| Net assets without donor restrictions | $0 |
| 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 | $930,460 |
| Total liabilities and net assets/fund balances | $932,697 |
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