Putnam Radio Ministries
- Assets
- $865.9k
- Revenue
- $355.6k
- Investments
- $0.0
- Employees
- 4
- Location
- Palatka, FL
- Founding
- 07/1997
- Data as of
- 12/2022
- 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 12/2022, Putnam Radio Ministries employed 4 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 12/2022, Putnam Radio Ministries generated $355.6k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $277.9k during the year ending 12/2022. While expenses have increased by 5.3% 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 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 |
|---|---|---|---|
Gerald Ragans President | Trustee | 2 | $0 |
Tom Dillon Vice President | Trustee | 2 | $0 |
Grayson Meade Jr Sec/treas | Trustee | 2 | $0 |
Jeff Bedenbaugh Director | Trustee | 2 | $0 |
Stephen Jones Director | Trustee | 2 | $0 |
Robin Robinson General Manager | Officer | 40 | $60,758 |
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 | $323,080 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $323,080 |
| Total Program Service Revenue | $799 |
| Investment income | $6,593 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $13,495 |
| Net Income from Fundraising Events | $11,655 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $355,625 |
| 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. | $61,299 |
| Compensation of current officers, directors, key employees. | $6,130 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $70,942 |
| Pension plan accruals and contributions | $5,977 |
| Other employee benefits | $0 |
| Payroll taxes | $10,116 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,257 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,029 |
| Fees for services: Other | $6,599 |
| Advertising and promotion | $23,146 |
| Office expenses | $19,717 |
| Information technology | $8,003 |
| Royalties | $0 |
| Occupancy | $9,882 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,766 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,350 |
| Insurance | $13,014 |
| All other expenses | $98 |
| Total functional expenses | $277,941 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $132,349 |
| Savings and temporary cash investments | $7,344 |
| 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 | $212,638 |
| Investments—publicly traded securities | $513,565 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $865,896 |
| Accounts payable and accrued expenses | $2,147 |
| 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 | $2,147 |
| 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 | $863,749 |
| Total liabilities and net assets/fund balances | $865,896 |