Educational Broadcasting Foundation Inc
- Assets
- $2.7m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 9
- Location
- New Orleans, LA
- Founding
- 03/1946
- Data as of
- 07/2021
- EIN
- 72-0920100
Organization Overview
Educational Broadcasting Foundation Inc is located in New Orleans, LA. The organization was established in 1946. According to its NTEE Classification (A32) the organization is classified as: Television, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 07/2021, Educational Broadcasting Foundation Inc employed 9 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Educational Broadcasting Foundation 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 07/2021, Educational Broadcasting Foundation Inc generated $1.9m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $1.4m during the year ending 07/2021. As we would expect to see with falling revenues, expenses have declined by (7.9%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO OWN AND OPERATE A NON-COMMERCIAL PUBLIC TELEVISION STATION (WLAE-TV IN NEW ORLEANS)
Describe the Organization's Program Activity:
OWNING & OPERATING A TELEVISION STATION (CALL LETTERS WLAE)AS LICENSED BY THE FEDERAL COMMUNICATION COMMISSION PROVIDEDTHAT SUCH ACTIVITIES ARE IN ACCORDANCE WITH ACTS OF A NON-PROFIT CORPORATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Jim Dotson Vice President | Officer | 40 | $125,450 |
Mr Ron Yager President/chair | OfficerTrustee | 9 | $32,300 |
Mrs Beth Courtney Vice-Chair | OfficerTrustee | 1 | $0 |
Mr Thomas J Egan Secretary/treas | OfficerTrustee | 1 | $0 |
Mrs John D'arcy Becker Director | Trustee | 1 | $0 |
Mr Greg Buisson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $391,767 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,074,707 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,466,474 |
| Total Program Service Revenue | $319,045 |
| Investment income | $1,395 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $102,280 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,899,777 |
| 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. | $172,274 |
| Compensation of current officers, directors, key employees. | $13,781 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $308,045 |
| Pension plan accruals and contributions | $2,713 |
| Other employee benefits | $56,685 |
| Payroll taxes | $37,114 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,851 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,413 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,315 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $175,563 |
| Insurance | $45,082 |
| All other expenses | $93,039 |
| Total functional expenses | $1,408,488 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,039,877 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $87,116 |
| Accounts receivable, net | $68,295 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,884 |
| Prepaid expenses and deferred charges | $52,914 |
| Net Land, buildings, and equipment | $1,094,003 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $135,083 |
| Intangible assets | $0 |
| Other assets | $182,896 |
| Total assets | $2,662,068 |
| Accounts payable and accrued expenses | $98,590 |
| 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 | $2,981,836 |
| Other liabilities | $141,767 |
| Total liabilities | $3,222,193 |
| Net assets without donor restrictions | -$657,946 |
| Net assets with donor restrictions | $97,821 |
| 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 | $2,662,068 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Educational Broadcasting Foundation Inc has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
Arlene And Joseph Meraux Charitable Foundation Violet, LA PURPOSE: DONATION | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Capital Of Texas Public Telecommunications Council Austin, TX | $23,167,186 | $19,588,032 |
Greater New Orleans Educational Television Foundation New Orleans, LA | $17,354,764 | $5,233,389 |
Alamo Public Telecommunications Council San Antonio, TX | $8,269,201 | $5,542,564 |
Arkansas Educational Telecommunications Network Fdn Conway, AR | $10,223,173 | $4,896,981 |
Jacksonville Educators Broadcasting Inc Fort Worth, TX | $3,928,618 | $2,166,994 |
Houston Media Source Inc Houston, TX | $7,858,061 | $1,717,941 |
Permian Basin Public Telecommunications Inc Midland, TX | $6,948,171 | $1,865,396 |
Rgv Educational Broadcasting Inc Brownsville, TX | $0 | $489,198 |
Educational Broadcasting Foundation Inc New Orleans, LA | $2,662,068 | $1,899,777 |
Christian Ministries Of The Valley Inc Weslaco, TX | $2,852,829 | $1,105,260 |
Clean Channel Association Inc Pasadena, TX | $550,701 | $701,147 |
Go Inc Spring Branch, TX | $8,007,780 | $1,000,242 |