Chehalis Valley Educational Foundation
- Assets
- $120.9k
- Revenue
- $301.0k
- Investments
- $0.0
- Employees
- 5
- Location
- Chehalis, WA
- Founding
- 03/1993
- Data as of
- 12/2022
- EIN
- 91-1507739
Organization Overview
Chehalis Valley Educational Foundation, operating under the name Kacs 905 Fm, is located in Chehalis, WA. The organization was established in 1993. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 12/2022, Kacs 905 FM employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kacs 905 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 12/2022, Kacs 905 FM generated $301.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $304.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
OWN AND OPERATE A CHRISTIAN RADIO STATION WITH A.)PROGRAMMING THAT DIRECTS THE LISTENER TO A RELATIONSHIP WITH CHRIST, B.) PROMOTES THE EDUCATION OF LISTENER'S PHYSICAL, SPIRITUAL, AND MENTAL WELL BEING, C.) PROMOTES INSPIRATIONAL CHRISTIAN MUSIC.
Describe the Organization's Program Activity:
STATION OPERATES TO PRODUCE AND TRANSMIT CHRISTIAN RADIO PROGRAMS. RESPONSE TO PROGRAMMING HAS BEEN FAVORABLE. WE DO NOT SUPPORT FINANCIALLY OR OTHERWISE POLITICAL AGENDAS. IN 2022 THE ORGANIZATION RECEIVED VOLUNTEER ASSISTANCE FROM 30 VOLUNTEERS FOR 530 HOURS OF WORK.
CHRISTIAN RADIO STATION TOWER OPERATIONS TO PRODUCE AND TRANSMIT CHRISTIAN RADIO.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam Kugel Board Chair | Officer | $0 | |
Pastor Tom James Board Member | Trustee | $0 | |
Kerry O'connor Board Member | Trustee | $0 | |
Heidi Baumgartner Board Member | Trustee | $0 | |
Jerry Swena Board Member | Trustee | $0 | |
Kelvin Wallin VP Member | Trustee | $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 | $110,810 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $110,810 |
| Total Program Service Revenue | $0 |
| Investment income | $31 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $168,408 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $300,990 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $118,935 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $17,834 |
| Payroll taxes | $13,206 |
| Fees for services: Management | $4,854 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,330 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $43,140 |
| Advertising and promotion | $7,014 |
| Office expenses | $27,415 |
| Information technology | $5,793 |
| Royalties | $0 |
| Occupancy | $41,480 |
| Travel | $16 |
| 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 | $9,858 |
| Insurance | $4,141 |
| All other expenses | $0 |
| Total functional expenses | $304,475 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,433 |
| Savings and temporary cash investments | $38,409 |
| 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 | $5,976 |
| Net Land, buildings, and equipment | $35,407 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,716 |
| Total assets | $120,941 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $120,941 |
| Total liabilities and net assets/fund balances | $120,941 |