Family Stations Inc
- Assets
- $101.5m
- Revenue
- $6.4m
- Investments
- $0.0
- Employees
- 49
- Location
- Franklin, TN
- Founding
- 08/1960
- Data as of
- 12/2022
- EIN
- 94-1442453
Organization Overview
Family Stations Inc, operating under the name Family Radio, is located in Franklin, TN. The organization was established in 1960. According to its NTEE Classification (X84) the organization is classified as: Religious Radio, under the broad grouping of Religion-Related and related organizations. As of 12/2022, Family Radio employed 49 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Family Radio 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, Family Radio generated $6.4m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $9.9m during the year ending 12/2022. 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
A RELIGIOUS, NON-COMMERICIAL RADIO & MEDIA MINISTRY SPREADING THE COMFORT AND HOPE OF THE GOSPEL.
Describe the Organization's Program Activity:
SINCE 1958, FAMILY STATIONS, INC.FAMILY RADIOHAS REMAINED A NON-COMMERCIAL, NONPROFIT RADIO AND MEDIA MINISTRY FUNDED THROUGH THE FINANCIAL GIFTS OF LISTENERS AND FRIENDS. OUR MISSION IS TO DECLARE THE GOSPEL OF THE LORD JESUS CHRIST, THE WORD OF GOD; AND TO BRING COMFORT AND HOPE THROUGH UPLIFTING MUSIC, POIGNANT STORIES THAT TEACH BIBLICAL PRINCIPLES, AND POWERFUL, BIBLICAL PREACHING. WE ENDEAVOR TO BE A TRUSTED REFUGE FOR THE WEARY, A BEACON OF HOPE FOR THE HOPELESS, AND A SOURCE OF RELIABLE, BIBLICAL TRUTH. WE ACCOMPLISH OUR MISSION IN A VARIETY OF WAYS: BY AIRING NATIONALLY KNOWN, REFORMED TEACHERS; BY BROADCASTING CLASSIC AND MODERN HYMNS; BY SHARING SHORT TEACHING FEATURES; AND BY TELLING STORIES THAT GIVE OUR LISTENERS HOPE.AS A FEDERAL COMMUNICATIONS COMMISSION BROADCAST LICENSE HOLDER, WE RECOGNIZE OUR RESPONSIBILITY TO INFORM OUR LISTENERS, AS WELL AS SERVE THE LOCAL PUBLIC INTEREST AS A PUBLIC TRUSTEE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas R Evans President | OfficerTrustee | 40 | $229,636 |
Scott Pero Senior Director | 40 | $120,207 | |
Stephen Dillard Director Of Programming | 40 | $116,490 | |
Gregory Mcginnis It Director | 40 | $102,687 | |
Allen W Sill Interim Treasurer | OfficerTrustee | 10 | $0 |
Darrel B Harrison Secretary | OfficerTrustee | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dj Designs Llc Printmail Service | 12/30/22 | $280,548 |
Chase T Swayze Property Manager | 12/30/22 | $148,911 |
Showdog Studio Llc Media Production | 12/30/22 | $2,529,563 |
Clifton Larson Allen Llp Financial Services | 12/30/22 | $215,799 |
Robert Harrell Branch Jr Radio Engineering | 12/30/22 | $166,000 |
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 | $7,181,112 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,181,112 |
| Total Program Service Revenue | $0 |
| Investment income | $532,201 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $6,377 |
| Net Rental Income | $202,936 |
| Net Gain/Loss on Asset Sales | -$1,540,999 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,414,552 |
| 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. | $229,636 |
| Compensation of current officers, directors, key employees. | $63,945 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,524,302 |
| Pension plan accruals and contributions | $36,149 |
| Other employee benefits | $178,302 |
| Payroll taxes | $211,052 |
| Fees for services: Management | $24,653 |
| Fees for services: Legal | $128,778 |
| Fees for services: Accounting | $244,916 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $527,829 |
| Advertising and promotion | $0 |
| Office expenses | $304,272 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $102,680 |
| 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 | $881,618 |
| Insurance | $123,297 |
| All other expenses | $9,483 |
| Total functional expenses | $9,891,774 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,267,962 |
| Savings and temporary cash investments | $18,142,148 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $58,819 |
| 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 | $194,082 |
| Net Land, buildings, and equipment | $17,637,216 |
| Investments—publicly traded securities | $25,173,037 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $21,510,393 |
| Other assets | $11,539,362 |
| Total assets | $101,523,019 |
| Accounts payable and accrued expenses | $602,225 |
| 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 | $208,740 |
| Other liabilities | $8,710,057 |
| Total liabilities | $9,521,022 |
| Net assets without donor restrictions | $92,001,997 |
| 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 | $101,523,019 |