Kachemak Bay Broadcasting Inc
- Assets
- $1.1m
- Revenue
- $554.4k
- Investments
- $61.3k
- Employees
- 17
- Location
- Homer, AK
- Founding
- 06/1977
- Data as of
- 06/2023
- 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 06/2023, Kachemak Bay Broadcasting Inc employed 17 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 06/2023, Kachemak Bay Broadcasting Inc generated $554.4k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $669.4k during the year ending 06/2023. While expenses have increased by 2.2% 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
2023
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 | $61,687 |
Robert Purcell President | OfficerTrustee | 2 | $0 |
Wayne Aderhold Secretary | OfficerTrustee | 2 | $0 |
John Anderson Vice President | OfficerTrustee | 2 | $0 |
Jacques Longpre Director | Trustee | 2 | $0 |
Mel Strydom Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $165,120 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $132,620 |
| All other contributions, gifts, grants, and similar amounts not included above | $168,720 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $466,460 |
| Total Program Service Revenue | $72,642 |
| Investment income | $4,019 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $9,753 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $554,404 |
| 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. | $62,618 |
| Compensation of current officers, directors, key employees. | $62,618 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $287,518 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $44,562 |
| Payroll taxes | $30,300 |
| 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 | $14,400 |
| Advertising and promotion | $9,176 |
| Office expenses | $26,296 |
| Information technology | $3,473 |
| Royalties | $0 |
| Occupancy | $42,188 |
| Travel | $3,998 |
| 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 | $49,585 |
| Insurance | $14,398 |
| All other expenses | $3,779 |
| Total functional expenses | $669,379 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $99,388 |
| Savings and temporary cash investments | $393,589 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $72,029 |
| 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 | $13,155 |
| Net Land, buildings, and equipment | $431,310 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $61,308 |
| Investments—program-related | $0 |
| Intangible assets | $17,110 |
| Other assets | $1 |
| Total assets | $1,087,890 |
| Accounts payable and accrued expenses | $41,891 |
| Grants payable | $0 |
| Deferred revenue | $30,129 |
| 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 | $34,086 |
| Total liabilities | $106,106 |
| Net assets without donor restrictions | $937,416 |
| 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 | $1,087,890 |