Lakes Community Broadcasting Inc
- Assets
- $1.6k
- Revenue
- $5.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Burlington, WI
- Founding
- 11/2018
- Data as of
- 12/2021
- EIN
- 83-1921352
Organization Overview
Lakes Community Broadcasting Inc is located in Burlington, WI. The organization was established in 2018. According to its NTEE Classification (A34) the organization is classified as: Radio, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lakes Community Broadcasting 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 12/2021, Lakes Community Broadcasting Inc generated $5.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (28.8%) each year. All expenses for the organization totaled $9.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
DIRECT SUPPORT OF THE OPERATIONS OF WLCB FM A LOW POWER COMMUNITY RADIO STATION LOCATED IN SLADES CORNERS WI
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Harley Wozniak Board Member | 0 | $0 | |
Christopher Brown Secretary | 0 | $0 | |
Caroline Brown Treasurer | 0 | $0 | |
Christopher Zeman President | 0 | $0 | |
Sean Hauser Operations Manager | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $766 |
| Interest on Savings | $5,107 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,873 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $4,069 |
| Occupancy | $5,021 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $9,902 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $9,902 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,514 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $38 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,552 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
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|---|---|---|
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Cook County Community Radio Grand Marais, MN | $998,081 | $906,306 |
Back Porch Radio Broadcasting Inc Wort Radio Madison, WI | $793,221 | $924,594 |
Fresh Air Inc Minneapolis, MN | $1,090,041 | $1,240,335 |
White Pine Community Broadcasting Inc Rhinelander, WI | $1,445,075 | $658,361 |
Your Story Hour Berrien Springs, MI | $755,003 | $964,135 |
Music That Matters Inc Appleton, WI | $1,055,762 | $751,612 |
Central Illinois Radio Fellowship Inc Peoria, IL | $1,081,312 | $714,183 |