Public Radio Inc
- Assets
- $1.8m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 8
- Location
- Baton Rouge, LA
- Founding
- 01/1976
- Data as of
- 12/2022
- EIN
- 72-0776781
Organization Overview
Public Radio Inc is located in Baton Rouge, LA. The organization was established in 1976. According to its NTEE Classification (A34) the organization is classified as: Radio, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Public Radio Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Public Radio 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 12/2022, Public Radio Inc generated $1.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $1.7m during the year ending 12/2022. While expenses have increased by 6.5% per year over the past 8 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
WRKF STRIVES TO ENTERTAIN AND TO INFORM ITS AUDIENCE THROUGH LOCAL, NATIONAL, AND INTERNATIONAL NEWS AND CULTURAL PROGRAMMING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WRKF IS A COMMUNITY-BASED PUBLIC RADIO STATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Clark Underwriting | 40 | $115,785 | |
Paul Maassen President | Officer | 20 | $64,585 |
Barbara Carey Director | Trustee | 1 | $0 |
Cathy Carmichael Director | Trustee | 1 | $0 |
Marcel Dupre Secretary | OfficerTrustee | 1 | $0 |
Lisa French Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $45,985 |
| Membership dues | $642,286 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $698,225 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,386,496 |
| Total Program Service Revenue | $0 |
| Investment income | $1,010 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $59,122 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,446,778 |
| 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. | $180,370 |
| Compensation of current officers, directors, key employees. | $64,585 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $396,228 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $64,585 |
| Fees for services: Legal | $8,524 |
| Fees for services: Accounting | $34,380 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $423,149 |
| Advertising and promotion | $1,332 |
| Office expenses | $18,141 |
| Information technology | $13,031 |
| Royalties | $0 |
| Occupancy | $67,178 |
| Travel | $10,323 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,053 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $62,827 |
| Insurance | $49,331 |
| All other expenses | $14,626 |
| Total functional expenses | $1,713,739 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,098,950 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $222,317 |
| Accounts receivable, net | $29,241 |
| 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 | $438,689 |
| Investments—publicly traded securities | $40 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,000 |
| Total assets | $1,790,237 |
| Accounts payable and accrued expenses | $12,840 |
| 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 | $205,556 |
| Other liabilities | $40,672 |
| Total liabilities | $259,068 |
| Net assets without donor restrictions | $1,426,169 |
| Net assets with donor restrictions | $105,000 |
| 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 | $1,790,237 |