Educational Broadcasting Foundation Inc
- Assets
- $2.7m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 8
- 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 07/2022, Educational Broadcasting Foundation Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 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 7 years, revenues have fallen by an average of (0.6%) 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 (6.8%) 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
TO OWN AND OPERATE A NON-COMMERCIAL PUBLIC TELEVISION STATION (WLAE-TV IN NEW ORLEANS)
Describe the Organization's Program Activity:
Part 3 - Line 4a
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 |
Mrs John D'arcy Becker Director | Trustee | 1 | $0 |
Mrs Paul A Nalty Director | Trustee | 1 | $0 |
Mrs Beth Courtney Vice-Chair | OfficerTrustee | 1 | $0 |
Mr Clarence Copeland Director | Trustee | 1 | $0 |
Dr Bill Arceneaux Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,466,474 |
| 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 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 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 | $0 |
| 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 |
| 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 | $0 |
| 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 |
| Total liabilities and net assets/fund balances | -$560,125 |