Colorado Broadcasters Association
- Assets
- $2.7m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 1
- Location
- Englewood, CO
- Founding
- 02/1952
- Data as of
- 06/2021
- EIN
- 84-6059736
Organization Overview
Colorado Broadcasters Association is located in Englewood, CO. The organization was established in 1952. According to its NTEE Classification (A30) the organization is classified as: Media & Communications, 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. Colorado Broadcasters Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2021, Colorado Broadcasters Association generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.8% each year . All expenses for the organization totaled $615.0k during the year ending 06/2021. While expenses have increased by 3.4% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND DEVELOP THE ART OF RADIO AND TV BROADCASTING
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE AND DEVELOP THE ART OF RADIO AND TV BROADCASTING
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Justin Sasso President & CEO | OfficerTrustee | 40 | $202,488 |
Wayne Johnson Director | Trustee | 0 | $0 |
Jessica Farias Director | Trustee | 0.5 | $0 |
Pete Benedetti Chairman | Trustee | 0.5 | $0 |
Gary Buchanan Director | Trustee | 0.5 | $0 |
Bob Call Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $86,574 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $86,574 |
| Total Program Service Revenue | $871,496 |
| Investment income | $327,922 |
| 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 | $1,290,247 |
| 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. | $202,488 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $69,384 |
| Other employee benefits | $5,579 |
| Payroll taxes | $0 |
| 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 | $96,548 |
| Advertising and promotion | $1,547 |
| Office expenses | $5,901 |
| Information technology | $3,477 |
| Royalties | $0 |
| Occupancy | $12,514 |
| Travel | $1,045 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $161,721 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $628 |
| Insurance | $4,455 |
| All other expenses | $0 |
| Total functional expenses | $615,045 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $886,522 |
| Savings and temporary cash investments | $1,694,870 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $88,566 |
| 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 | $1,025 |
| Net Land, buildings, and equipment | $2,642 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,673,625 |
| Accounts payable and accrued expenses | $30,601 |
| 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 | $55,453 |
| Total liabilities | $86,054 |
| Net assets without donor restrictions | $2,587,571 |
| 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 | $2,673,625 |
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|---|---|---|
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Foundation For Creative Broadcasting Inc Tucson, AZ | $1,222,600 | $1,154,421 |
Greeting Card Association Aurora, CO | $487,040 | $1,005,397 |
Books To Life Centennial, CO | $256,795 | $1,093,707 |
Oklahoma Watch Inc Oklahoma City, OK | $563,397 | $1,089,252 |
Grow Nebraska Inc Kearney, NE | $415,882 | $888,059 |