Kentucky Broadcasters Association Inc
- Assets
- $1.8m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 3
- Location
- Frankfort, KY
- Founding
- 11/1969
- Data as of
- 11/2023
- EIN
- 61-0663764
Organization Overview
Kentucky Broadcasters Association Inc is located in Frankfort, KY. The organization was established in 1969. 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 11/2023, Kentucky Broadcasters Association Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kentucky Broadcasters Association Inc 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 11/2023, Kentucky Broadcasters Association Inc generated $1.4m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $1.5m during the year ending 11/2023. As we would expect to see with falling revenues, expenses have declined by (1.0%) per year over the past 5 years. 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 KENTUCKY BROADASTERS ASSOCIATION (KBA) UNITES PUBLIC AND COMMERCIAL RADIO AND TELEVISION STATIONS ACROSS THE STATE OF KENTUCKY. THE PURPOSE OF THE KBA IS TO REPRESENT AND FURTHER THE INTEREST OF BROADCASTERS, COMMUNICATE RELEVANT INFORMATION TO BROADCASTERS THROUGH MEETINGS AND PUBLICATIONS, AND PROVIDE EDUCATIONAL SERVICES THROUGH CONVENTIONS, WORKSHOPS, WEBINAR TRAINING SESSIONS, OR OTHER APPROPRIATE MEANS IN ORDER TO BETTER SERVE THE PUBLIC. ADDITIONALLY, THE ASSOCIATION SERVES AS A CONDUIT IN PROVIDING PUBLIC SERVICE ANNOUNCEMENTS COVERING A RANGE OF TOPICS INCLUDING PUBLIC SAFETY AND HIGHER EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
KBA HOSTS AN ANNUAL CONFERENCE AND NAB CONVENTION TO BRING TOGETHER OWNERS, MANAGERS, SALES REPRESENTATIVES AND OTHER STATION PERSONNEL FOR THE PURPOSE OF UPDATING AND EDUCATING THE MEMBERSHIP ON THE LATEST TECHNOLOGY, REGULATIONS, PROMOTIONS AND OTHER BROADCAST INDUSTRY RELATED TOPICS. ANY ASSOCIATION BYLAW CHANGES AND/OR ELECTIONS REQUIRING A VOTE OF THE MEMBERSHIP ARE CONDUCTED DURING THE CONFERENCE.
N/A
KBA PROVIDES SEMINARES AND TRAINING WORKSHOPS THROUGHOUT THE YEAR TO PROVIDE OPPORTUNITIES FOR CONTINUING EDUCATION FOR THE VARIOUS DEPARTMENTS IN BROADCAST STATIONS. THESE AREAS INCLUDE ADVERTISING SALES, PROGRAMING, ENGINEERING AND LEGAL/REGULATORY MATTERS, AS WELL AS, TECHNOLOGY UPGRADES. THESE SEMINARS AND TRAINING WORKSHOPS ARE ESSENTIAL TO THE ASSOCIATION'S MISSION OF PROVIDING RELEVANT INFORMATION TO ITS MEMBERS AND TO THE GENERAL PUBLIC AT LARGE.
THE BROADCAST INDUSTRY IS REGULATED BY THE FEDERAL GOVERNMENT AND THE FEDERAL COMMUNICATIONS COMMISSION (FCC). THESE AGENCIES FREQUENTLY ATTEMPT TO IMPOSE LEGAL OR REGULATORY STANDARDS THAT MAY BE SUPPORTIVE OR SOMETIMES DETRIMENTAL TO ASSOCIATION MEMBERS. AT TIMES, SUCH ACTION MAY BE AN ADDED BURDEN ON BROADCASTERS AND MAY EFFECT THE ABILITY TO SERVE THE PUBLIC AS MANDATED BY THE FCC. KBA HAS SET UP THE WASHINGTON D.C. LEADERSHIP PROGRAM TO COVER THESE EXPENSES, WHICH ALLOWS ASSOCIATION REPRESENTATIVES AND ITS MEMBERS THE ABILITY TO CONVEY THEIR POSITIONS TO LEGISLATORS AND REGULATORS ON MATTERS AFFECTING THE INDUSTRY AND THE PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Winkle President/ce | Officer | 40 | $153,106 |
Charlie Baglan Associate Di | Trustee | 1 | $1,400 |
Mark Buckles Past Chairma | Trustee | 1 | $1,400 |
Tom Mcmakin Chairman | Trustee | 1 | $1,400 |
Julie Milam Tv Other Mar | Trustee | 1 | $1,400 |
Ethan Moore Radio Distri | Trustee | 1 | $1,400 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $8,400 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $22,917 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $31,317 |
| Total Program Service Revenue | $1,265,081 |
| Investment income | $28,240 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $64,512 |
| Net Gain/Loss on Asset Sales | $503 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,389,695 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $34,500 |
| 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 | $268,492 |
| Pension plan accruals and contributions | $40,172 |
| Other employee benefits | $44,783 |
| Payroll taxes | $20,766 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,268 |
| Fees for services: Accounting | $49,264 |
| Fees for services: Lobbying | $32,152 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $16,153 |
| Information technology | $8,229 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $12,169 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $592,251 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $53,046 |
| Insurance | $8,925 |
| All other expenses | $70,700 |
| Total functional expenses | $1,519,811 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $386,237 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $92,094 |
| 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 | $35,021 |
| Net Land, buildings, and equipment | $599,872 |
| Investments—publicly traded securities | $482,047 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $215,151 |
| Total assets | $1,810,422 |
| Accounts payable and accrued expenses | $94,751 |
| Grants payable | $0 |
| Deferred revenue | $508,929 |
| 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 | $603,680 |
| Net assets without donor restrictions | $1,206,742 |
| 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 | $1,810,422 |