Edgewater Broadcasting Inc
- Assets
- $418.2k
- Revenue
- $648.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Twin Falls, ID
- Founding
- 02/2004
- Data as of
- 12/2021
- EIN
- 65-1176946
Organization Overview
Edgewater Broadcasting Inc is located in Twin Falls, ID. The organization was established in 2004. According to its NTEE Classification (X84) the organization is classified as: Religious Radio, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Edgewater 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, Edgewater Broadcasting Inc generated $648.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.7%) each year. All expenses for the organization totaled $778.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.3%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION PROVIDED CHRISTIAN RADIO TALK AND MUSIC UNDER THE BRANDED RADIO NETWORK OF FREEDOM RADIO FM THROUGH NOVEMBER 2019. BEGINNING IN 2019, THE ORGANIZATION BEGAN A PROCESS OF DISTRIBUTING ITS ASSETS TO ANOTHER 501(C)(3) NONPROFIT ORGANIZATION, RADIO BY GRACE, INC. PURSUANT TO A DONATION AGREEMENT THAT WAS EXECUTED IN 2018 AND THEN LATER AMENDED IN 2019, 2020 AND 2021. THE ORGANIZATION CEASED ITS PROGRAMS AND OPERATIONS DURING 2020 AND WAS IN THE PROCESS OF LIQUIDATING ITS ASSETS TO CONTRIBUTE TO RADIO BY GRACE, INC. WHICH WAS IN ACCORDANCE WITH ITS BYLAWS AND MISSION PURPOSE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDED CHRISTIAN RADIO TALK AND MUSIC UNDER THE BRANDED RADIO NETWORK OF FREEDOM RADIO FM THROUGH NOVEMBER 2019. BEGINNING IN 2019, THE ORGANIZATION BEGAN A PROCESS OF DISTRIBUTING ITS ASSETS TO ANOTHER 501(C)(3) NONPROFIT ORGANIZATION, RADIO BY GRACE, INC. PURSUANT TO A DONATION AGREEMENT THAT WAS EXECUTED IN 2018 AND THEN LATER AMENDED IN 2019, 2020 AND 2021. THE ORGANIZATION CEASED ITS PROGRAMS AND OPERATIONS DURING 2020 AND WAS IN THE PROCESS OF LIQUIDATING ITS ASSETS TO CONTRIBUTE TO RADIO BY GRACE, INC. WHICH WAS IN ACCORDANCE WITH ITS BYLAWS AND MISSION PURPOSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis Clounch Former President | OfficerTrustee | 1 | $0 |
John Devine President | OfficerTrustee | 1 | $0 |
Diana Atkin Director | Trustee | 1 | $0 |
Clark Parrish 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $414,320 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $233,500 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $647,950 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,933 |
| Fees for services: Accounting | $1,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,386 |
| Advertising and promotion | $0 |
| Office expenses | $1,306 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $902 |
| All other expenses | $0 |
| Total functional expenses | $777,988 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $268,007 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $210 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $150,000 |
| Other assets | $0 |
| Total assets | $418,217 |
| Accounts payable and accrued expenses | $7,339 |
| 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 | $7,339 |
| Net assets without donor restrictions | $410,878 |
| 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 | $418,217 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Edgewater Broadcasting Inc Twin Falls, ID | $418,217 | $647,950 |
Salt & Light Radio Inc Boise, ID | $1,220,555 | $1,067,988 |
Sacred Heart Radio Incorporated Kirkland, WA | $1,075,528 | $783,486 |
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Great Awakening Productions Bellingham, WA | $12,146 | $0 |
Helena Community Educational Association Helena, MT | $87,253 | $0 |
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Unchanging Word Inc Dallas, OR | $41,993 | $0 |