Brazos Valley Public Broadcasting Foundation
- Assets
- $1.9m
- Revenue
- $807.2k
- Investments
- $0.0
- Employees
- 6
- Location
- Waco, TX
- Founding
- 08/1993
- Data as of
- 05/2023
- EIN
- 74-2674611
Organization Overview
Brazos Valley Public Broadcasting Foundation, operating under the name Kwbu-Fm, is located in Waco, TX. The organization was established in 1993. 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 05/2023, Kwbu-Fm employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kwbu-Fm 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 05/2023, Kwbu-Fm generated $807.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $746.3k during the year ending 05/2023. While expenses have increased by 0.7% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE AS AN ESSENTIAL LIFELONG RESOURCE PROVIDING QUALITY RADIO PROGRAMS AND SERVICES FOR THE ENRICHMENT OF THE LIVES OF CENTRAL TEXANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BROADCAST PUBLIC RADIO PROGRAMMING IN THE CENTRAL TEXAS AREA. PRODUCE HIGH QUALITY LOCAL EDUCATIONAL PROGRAMS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Cullar Vice Chair,chair | OfficerTrustee | 1 | $0 |
Jeffry Archer Vice Chair | OfficerTrustee | 1 | $0 |
Jason Cook Director | Trustee | 1 | $0 |
Cathi Davis Director | Trustee | 1 | $0 |
Dr Johnette Mckown Director | Trustee | 1 | $0 |
Michael Reeser Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $238,157 |
| Fundraising events | $0 |
| Related organizations | $182,101 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $145,821 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $566,079 |
| Total Program Service Revenue | $241,098 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $807,177 |
| 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. | $142,953 |
| Compensation of current officers, directors, key employees. | $78,624 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $217,164 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $63,215 |
| Payroll taxes | $22,405 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,484 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,254 |
| Office expenses | $3,494 |
| Information technology | -$268 |
| Royalties | $0 |
| Occupancy | $10,666 |
| Travel | $974 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | -$30,383 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,983 |
| Insurance | $0 |
| All other expenses | $45,592 |
| Total functional expenses | $746,269 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,386,120 |
| Savings and temporary cash investments | $0 |
| 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 | $27,379 |
| Net Land, buildings, and equipment | $19,178 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $418,820 |
| Total assets | $1,851,497 |
| Accounts payable and accrued expenses | $108,652 |
| 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 | $418,820 |
| Total liabilities | $527,472 |
| Net assets without donor restrictions | $1,324,025 |
| 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 | $1,851,497 |