Arkansas Broadcasters Association
- Assets
- $537.7k
- Revenue
- $164.1k
- Investments
- $0.0
- Employees
- 2
- Location
- Little Rock, AR
- Founding
- 08/1986
- Data as of
- 12/2022
- EIN
- 71-0584038
Organization Overview
Arkansas Broadcasters Association is located in Little Rock, AR. The organization was established in 1986. 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 12/2022, Arkansas Broadcasters Association employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arkansas Broadcasters Association 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 12/2022, Arkansas Broadcasters Association generated $164.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (8.0%) each year. All expenses for the organization totaled $389.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ARKANSAS BROADCASTERS ASSOCIATION EXISTS TO PROMOTE & PROTECT A FAVORABLE ECONOMIC & REGULATORY CLIMATE FOR BROADCASTERS & TO PROMOTE OVER-THE-AIR BROADCASTING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL CONVENTION-PROVIDED SPEAKERS, PRESENTATIONS, EXHIBITS, MEALS ETC FOR ANNUAL 2-DAY CONVENTION FOR MEMBERS. AVERAGE ATTENDANCE IS 200+ MEMBERS.
SCHOLARSHIPS-UNDERWRITE SCHOLARSHIPS FOR 6 BROADCAST STUDENTS ENROLLED AT ARKANSAS STATE UNIVERSITY, THE UNIVERSITY OF ARKANSAS, AND UNIVERSITY OF ARKANSAS AT LITTLE ROCK. SCHOLARSHIP FUNDS ARE ALSO PROVIDED TO HELP HIGH SCHOOL STUDENTS ATTEND A SUMMER MEDIA CAMP AT UALR (TYPICALLY 12-15 STUDENTS).
INTERN PROGRAM-UNDERWRITE COST OF 34 MEMBER STATIONS TO HAVE INTERN ON STAFF.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Luke Story President & CEO | Officer | 40 | $95,958 |
Bob Connell Director | Trustee | 1 | $0 |
Lesli Griffin Immediate Past Chair | Trustee | 1 | $0 |
Kyle King Chair | OfficerTrustee | 1 | $0 |
Greg Horne Chair-Elect | OfficerTrustee | 1 | $0 |
Bobby Caldwell Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $17,170 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,670 |
| Total Program Service Revenue | $196,568 |
| Investment income | $287 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$50,382 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $164,143 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,420 |
| Grants and other assistance to domestic individuals. | $34,049 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $95,958 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $22,167 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,714 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,950 |
| Fees for services: Accounting | $6,573 |
| Fees for services: Lobbying | $42,500 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,044 |
| Advertising and promotion | $4,120 |
| Office expenses | $9,288 |
| Information technology | $6,674 |
| Royalties | $0 |
| Occupancy | $5,595 |
| Travel | $24,493 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $64,492 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,489 |
| Insurance | $2,057 |
| All other expenses | $7,875 |
| Total functional expenses | $389,380 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $75 |
| Savings and temporary cash investments | $502,549 |
| 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 | $35,117 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $537,741 |
| Accounts payable and accrued expenses | $9,951 |
| 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 | $28,621 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $38,572 |
| Net assets without donor restrictions | $499,169 |
| 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 | $537,741 |
Grants Awarded
Over the last fiscal year, Arkansas Broadcasters Association has awarded $21,173 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ARKANSAS STATE UNIVERSITY PURPOSE: SCHOLARSHIPS | $15,266 |
UNIVERSITY OF ARKANSAS PURPOSE: SCHOLARSHIPS | $5,907 |