Kachemak Bay Broadcasting Inc
- Assets
- $1.3m
- Revenue
- $716.7k
- Investments
- $44.4k
- Employees
- 14
- Location
- Homer, AK
- Founding
- 06/1977
- Data as of
- 06/2021
- EIN
- 92-0060366
Organization Overview
Kachemak Bay Broadcasting Inc is located in Homer, AK. The organization was established in 1977. 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 06/2021, Kachemak Bay Broadcasting Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kachemak Bay 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 06/2021, Kachemak Bay Broadcasting Inc generated $716.7k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $710.5k during the year ending 06/2021. While expenses have increased by 2.3% 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
PUBLIC RADIO
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAMMING AND TECHNICAL EXPENSES INCURRED IN OPERATION OF A NON-COMMERCIAL PUBLIC RADIO STATION - KBBI IN HOMER, ALASKA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Josh Krohn General Manager | Officer | 40 | $54,024 |
Nicole Arevalo President | OfficerTrustee | 2 | $0 |
Mel Strydom Treasurer | OfficerTrustee | 2 | $0 |
Kyle Schneider Vice President | OfficerTrustee | 2 | $0 |
Robert Purcell Director | Trustee | 2 | $0 |
Wayne Aderhold Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $153,799 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $354,249 |
| All other contributions, gifts, grants, and similar amounts not included above | $124,850 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $632,898 |
| Total Program Service Revenue | $80,839 |
| Investment income | $823 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $2,125 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $716,685 |
| 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. | $57,508 |
| Compensation of current officers, directors, key employees. | $57,508 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $405,124 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| 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 | $13,500 |
| Advertising and promotion | $9,441 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $48,605 |
| Travel | $1,360 |
| 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 | $39,248 |
| Insurance | $12,519 |
| All other expenses | $23,716 |
| Total functional expenses | $710,463 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $269,479 |
| Savings and temporary cash investments | $472,469 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $41,169 |
| 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 | $12,226 |
| Net Land, buildings, and equipment | $388,053 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $44,368 |
| Investments—program-related | $0 |
| Intangible assets | $22,118 |
| Other assets | $33,886 |
| Total assets | $1,283,768 |
| Accounts payable and accrued expenses | $48,633 |
| Grants payable | $0 |
| Deferred revenue | $8,177 |
| 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 | $172,119 |
| Total liabilities | $228,929 |
| Net assets without donor restrictions | $1,010,471 |
| Net assets with donor restrictions | $44,368 |
| 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 | $1,283,768 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Kachemak Bay Broadcasting Inc has recieved totaling $27,320.
| Awarding Organization | Amount |
|---|---|
Rasmuson Foundation Anchorage, AK PURPOSE: TECHNOLOGY UPGRADES IN HOMER | $24,134 |
Rasmuson Foundation Anchorage, AK PURPOSE: GENERAL SUPPORT | $3,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $186 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alaska Public Media Inc Anchorage, AK | $7,919,785 | $7,423,593 |
Koahnic Broadcast Corporation Anchorage, AK | $7,143,446 | $4,937,207 |
Bethel Broadcasting Inc Bethel, AK | $5,009,666 | $2,966,906 |
The Alliance For Media Arts - Culture Inc Spokane, WA | $547,463 | $447,626 |
Kachemak Bay Broadcasting Inc Homer, AK | $1,283,768 | $716,685 |
Kotzebue Broadcasting Inc Kotzebue, AK | $1,161,353 | $748,077 |
Kodiak Public Broadcasting Corporation Kodiak, AK | $1,375,857 | $906,078 |
Lynn Canal Broadcasting Haines, AK | $595,056 | $677,967 |
Investigatewest Seattle, WA | $222,320 | $393,030 |
Overseas Radio & Television Inc Kirkland, WA | $1,035,797 | $753,220 |
Pickle Hill Public Broadcasting Inc Kenai, AK | $593,877 | $550,282 |
Big River Broadcasting Corporation Galena, AK | $648,228 | $661,583 |