Koahnic Broadcast Corporation
- Assets
- $8.9m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 25
- Location
- Anchorage, AK
- Founding
- 07/1993
- Data as of
- 06/2023
- EIN
- 92-0139738
Organization Overview
Koahnic Broadcast Corporation is located in Anchorage, AK. The organization was established in 1993. 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, Koahnic Broadcast Corporation employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Koahnic Broadcast Corporation 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, Koahnic Broadcast Corporation generated $3.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $3.2m during the year ending 06/2023. While expenses have increased by 3.0% per year over the past 8 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE MEDIA SERVICE FOR INDIAN, AND ALEUT RESIDENTS OF SOUTH CENTRAL ALASKA. KBC'S MISSION IS TO SERVE AS A NATIONAL LEADER IN NATIVE MEDIA PRODUCTION AND BROADCASTING.
Describe the Organization's Program Activity:
NATIONAL PROGRAMMING UNIT - REACHING AUDIENCES IN THE HUNDREDS OF THOUSANDS EACH WEEK, KBC IS THE PRIMARY PRODUCER OF NATIVE- ORIENTED PROGRAMMING FOR THE ENTIRE PUBLIC RADIO SYSTEM. KBC'S AWARD WINNING PROGRAMS INCLUDE: NATIVE AMERICA CALLING, A DAILY ONE-HOUR LIVE MODERATED CALL-IN PROGRAM THAT IS BROADCAST BY OVER 100 STATIONS AND REPEATERS IN ALASKA, AND ON THE TRIBAL OWNED STATION AS WELL AS OTHER PUBLIC RADIO STATIONS LOCATED IN MARKETS WITH HIGH NATIVE AMERICAN POPULATIONS; NATIONAL NATIVE NEWS, A 5- MINUTE DAILY NEWSCAST, THE ONLY ONE FROM A NATIVE AMERICAN PERSPECTIVE THAT IS HEARD ON MORE THAN 350 RADIO STATIONS (AND THEIR TRANSLATORS) THROUGHOUT THE U.S. AND CANADA; AND "INDIGEFI", A DYNAMIC WEEKLY PROGRAM SPOTLIGHTING THE CONTEMPORARY NATIVE MUSIC THAT IS AIRED BY APPROXIMATELY 100 STATIONS (AND REPEATERS) THROUGHOUT THE NATION, INCLUDING SAN DIEGO, CA AND PHOENIX, AZ.
BROADCASTING SINCE 1996, KNBA WAS THE FIRST AND ONLY NATIVE OWNED AND OPERATED PUBLIC RADIO STATION LOCATED IN AN URBAN MARKET. KNBA'S SIGNAL REACHES THE ANCHORAGE METROPOLITAN AREA, MATANUSKA-SUSITNA VALLEY AND KENAI PENINSULA. KBC'S ANNUAL COVERAGE OF THE ALASKA FEDERATION OF NATIVES CONVENTION IS CARRIED VIA SATELLITE BY RADIO STATIONS IN COMMUNITIES ACROSS ALASKA, INCLUDING BARROW, BETHEL, CHEVAK, DILLINGHAM, AND FAIRBANKS. KNBA REBROADCAST SPECIAL NATIVE-THEMED PROGRAMMING FEATURES SUCH AS "LISTEN TO THE ELDERS- AND PRODUCED THE ALASKA NATIVE ARTIST SPOTLIGHTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jaclyn Sallee President/ce | Officer | 40 | $147,704 |
Charles Sather COO | Officer | 40 | $102,375 |
Denise Morris Chair | OfficerTrustee | 2 | $0 |
Inez Bielefeld Vice Chair | OfficerTrustee | 2 | $0 |
Blake Beatty Treasurer | OfficerTrustee | 2 | $0 |
Allison Knox Secretary | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Larry Cleland Underwriting | 6/29/23 | $104,183 |
Alexis Sallee Broadcasting | 6/29/23 | $131,711 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $187,456 |
| Fundraising events | $27,600 |
| Related organizations | $0 |
| Government grants | $1,015,548 |
| All other contributions, gifts, grants, and similar amounts not included above | $931,522 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,162,126 |
| Total Program Service Revenue | $938,449 |
| Investment income | $183,600 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $19,857 |
| Net Income from Gaming Activities | $26,610 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,331,042 |
| 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. | $213,724 |
| Compensation of current officers, directors, key employees. | $212,030 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $917,698 |
| Pension plan accruals and contributions | $44,445 |
| Other employee benefits | $241,401 |
| Payroll taxes | $98,143 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $43,775 |
| Fees for services: Accounting | $96,744 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $506,401 |
| Advertising and promotion | $5,051 |
| Office expenses | $44,777 |
| Information technology | $132,302 |
| Royalties | $0 |
| Occupancy | $353,233 |
| Travel | $115,892 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $31,970 |
| Interest | $172 |
| Payments to affiliates | $30,784 |
| Depreciation, depletion, and amortization | $69,501 |
| Insurance | $46,663 |
| All other expenses | -$8,441 |
| Total functional expenses | $3,240,934 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,899,035 |
| Savings and temporary cash investments | $114,695 |
| Pledges and grants receivable | $153,981 |
| Accounts receivable, net | $256,654 |
| 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 | $17,469 |
| Net Land, buildings, and equipment | $291,402 |
| Investments—publicly traded securities | $3,739,622 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,400,256 |
| Total assets | $8,873,114 |
| Accounts payable and accrued expenses | $331,693 |
| Grants payable | $0 |
| Deferred revenue | $160,668 |
| 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 | $1,430,375 |
| Total liabilities | $1,922,736 |
| Net assets without donor restrictions | $3,031,701 |
| Net assets with donor restrictions | $3,918,677 |
| 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 | $8,873,114 |