Houston Christian Broadcasters Inc
- Assets
- $14.6m
- Revenue
- $6.2m
- Investments
- $0.0
- Employees
- 27
- Location
- Houston, TX
- Founding
- 05/1966
- Data as of
- 12/2022
- EIN
- 74-1401846
Organization Overview
Houston Christian Broadcasters Inc is located in Houston, TX. The organization was established in 1966. 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, Houston Christian Broadcasters Inc employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Houston Christian Broadcasters 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, Houston Christian Broadcasters Inc generated $6.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $4.2m during the year ending 12/2022. While expenses have increased by 6.3% 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
PROVIDE TEACHING OF THE WORD OF GOD AND RELIGIOUS MUSIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED BIBLE TEACHING AND RELIGIOUS MUSIC 24 HOURS A DAY WITHOUT COMMERCIALS OR OTHER INTERRUPTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce E Munsterman President | OfficerTrustee | 50 | $125,000 |
Bonnie B Phillips Asst. General Mgr. | Officer | 40 | $93,750 |
Daniel Dominguez Board Member | OfficerTrustee | 0 | $0 |
Garrett Gibson Vice Chairman | OfficerTrustee | 0 | $0 |
Michael Jobe Chairman | OfficerTrustee | 0 | $0 |
Greg Frazier Treasurer | OfficerTrustee | 0 | $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 | $5,966,763 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,966,763 |
| Total Program Service Revenue | $0 |
| Investment income | $222,189 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$10,445 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,190,030 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $53,700 |
| 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. | $218,750 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $977,430 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $170,206 |
| Payroll taxes | $91,903 |
| 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 | $38,288 |
| Fees for services: Other | $329,552 |
| Advertising and promotion | $388,447 |
| Office expenses | $165,314 |
| Information technology | $46,337 |
| Royalties | $0 |
| Occupancy | $863,092 |
| Travel | $40,052 |
| 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 | $310,194 |
| Insurance | $104,671 |
| All other expenses | $108,921 |
| Total functional expenses | $4,169,739 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,944,569 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $240,529 |
| 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 | $30,610 |
| Net Land, buildings, and equipment | $1,357,391 |
| Investments—publicly traded securities | $8,997,189 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $2,021,520 |
| Other assets | $0 |
| Total assets | $14,591,808 |
| Accounts payable and accrued expenses | $1,000 |
| 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 | $1,000 |
| Net assets without donor restrictions | $14,309,038 |
| Net assets with donor restrictions | $281,770 |
| 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 | $14,591,808 |
Grants Awarded
Over the last fiscal year, Houston Christian Broadcasters Inc has awarded $35,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
KEY RADIO CO BIBLICAL MINISTRIES WORLDWIDE PURPOSE: RELIGIOUS MINISTRIES | $15,000 |
EVERY VILLAGE PURPOSE: RELIGIOUS MINISTRIES | $20,000 |