Far East Broadcasting Company Inc
- Assets
- $18.7m
- Revenue
- $16.9m
- Investments
- $3.6m
- Employees
- 59
- Location
- La Mirada, CA
- Founding
- 09/1946
- Data as of
- 06/2022
- EIN
- 95-1461574
Organization Overview
Far East Broadcasting Company Inc, operating under the name Febc, is located in La Mirada, CA. The organization was established in 1946. 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 06/2022, Febc employed 59 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Febc 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 06/2022, Febc generated $16.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $14.8m during the year ending 06/2022. While expenses have increased by 6.2% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
FEBC'S MISSION IS TO BRING CHRIST TO THE WORLD THROUGH RADIO AND OTHER MEDIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AS AN INTERNATIONAL MEDIA NETWORK ESTABLISHED IN 1945, FEBC PROVIDES GRANTS TO ITS AFFILIATES WHICH BROADCAST THROUGHOUT GREATER ASIA.
CHRISTIAN RADIO PROGRAMS ARE PRODUCED IN OUR CALIFORNIA STUDIOS IN MANDARIN, TAGALOG, HMONG, KOREAN AND VIETNAMESE LANGUAGES, WHICH ARE BROADCAST IN THEIR NATIVE COUNTRIES VIA SHORTWAVE, A.M., F.M., SATELLITE AND THROUGH OTHER MEDIA OUTLETS.
THE U.S. OFFICE PROVIDES LEADERSHIP, CONSULTING SERVICES AND TRAINING TO 19 AFFILIATE OFFICES, INCLUDING STUDIOS, OFFICE SPACE, COMMUNICATION SERVICES AND IT SUPPORT. THE U.S. OFFICE ALSO ADMINISTERS PLANNED GIVING PROGRAMS INCLUDING CHARITABLE GIFT ANNUITIES, CHARITABLE TRUSTS, WILLS AND BEQUESTS, ETC.
FEBC PROVIDES DIRECT SUPPORT TO OVER 9 MISSIONARIES AND 5 AFFILIATE MISSIONARIES THAT SERVE AS THE ENGINEERS, PROJECT MANAGERS, AND OTHER HIGHLY TECHNICAL CAPACITIES ACROSS THE WORLD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward Cannon President And CEO | Officer | 40 | $252,231 |
Scott Hassel Treasurer And CFO | Officer | 40 | $140,008 |
Mary K Park Executive Director, Korean Ministrie | 40 | $138,142 | |
David Wollen VP Development | 40 | $114,034 | |
Sandy Wilson Director Of Development | 40 | $107,502 | |
Cheri Carpenter Corporate Secretary | Officer | 40 | $86,752 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Douglas Shaw & Assoc Consulting & Development | 6/29/22 | $914,259 |
Wert & Associates International Consulting | 6/29/22 | $182,938 |
Trinet Digital Strategy Mgmt | 6/29/22 | $117,600 |
Fluid Communications Newsletter Develop/prod | 6/29/22 | $152,522 |
Britecity Llc Technical Support | 6/29/22 | $109,632 |
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 | $14,547,943 |
| Noncash contributions included in lines 1a–1f | $457,498 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,547,943 |
| Total Program Service Revenue | $2,105,582 |
| Investment income | $132,157 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,249 |
| Net Gain/Loss on Asset Sales | $98,149 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,885,505 |
| 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 | $6,776,731 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $581,528 |
| Compensation of current officers, directors, key employees. | $202,208 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,664,078 |
| Pension plan accruals and contributions | $125,647 |
| Other employee benefits | $576,243 |
| Payroll taxes | $221,110 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,652 |
| Fees for services: Accounting | $41,430 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $180,000 |
| Fees for services: Investment Management | $67,122 |
| Fees for services: Other | $886,654 |
| Advertising and promotion | $30,127 |
| Office expenses | $188,433 |
| Information technology | $254,571 |
| Royalties | $0 |
| Occupancy | $115,138 |
| Travel | $191,798 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $55,741 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $39,594 |
| Insurance | $57,473 |
| All other expenses | $106,572 |
| Total functional expenses | $14,783,271 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $980,038 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $3,000 |
| Accounts receivable, net | $138,303 |
| 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 | $38,044 |
| Net Land, buildings, and equipment | $73,845 |
| Investments—publicly traded securities | $12,853,479 |
| Investments—other securities | $3,588,236 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,054,612 |
| Total assets | $18,729,557 |
| Accounts payable and accrued expenses | $806,623 |
| 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 | $514,269 |
| Other liabilities | $2,668,426 |
| Total liabilities | $3,989,318 |
| Net assets without donor restrictions | $7,315,637 |
| Net assets with donor restrictions | $7,424,602 |
| 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 | $18,729,557 |
Grants Recieved
Over the last fiscal year, we have identified 26 grants that Far East Broadcasting Company Inc has recieved totaling $1,698,459.
| Awarding Organization | Amount |
|---|---|
Global Evangelical Missions Society Costa Mesa, CA PURPOSE: Christian ministry support | $455,000 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: EVANGELISM | $363,908 |
Christian Community Foundation Of Memphis And The Mid-South Inc Memphis, TN PURPOSE: PROGRAM SUPPORT | $290,800 |
Maclellan Foundation Inc Chattanooga, TN PURPOSE: FOR A MEDIA DRIVEN PROJECT. | $250,000 |
Samuel E And Mary W Thatcher Foundation Inc Miami, FL PURPOSE: GENERAL SUPPORT | $100,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: RELIGION RELATED | $53,005 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Thru The Bible Radio Network Pasadena, CA | $85,316,103 | $35,987,996 |
Grace To You Valencia, CA | $15,537,959 | $17,725,450 |
Far East Broadcasting Company Inc La Mirada, CA | $18,729,557 | $16,885,505 |
Family Life Broadcasting System Tucson, AZ | $3,403,352 | $4,263,309 |
Family Life Broadcasting System Tucson, AZ | $16,789,699 | $6,997,211 |
Know The Truth Anaheim, CA | $277,265 | $2,161,800 |
Good News Radio Redlands, CA | $5,957,284 | $2,186,642 |
Focal Point Radio Ministries Aliso Viejo, CA | $1,552,754 | $1,544,066 |
Korean Gospel Broadcasting Network Anaheim, CA | $3,557,859 | $1,084,200 |
Ujima Adult And Family Services San Jose, CA | $204,390 | $1,215,126 |
Narrow Path Temecula, CA | $622,285 | $1,350,306 |
Penfold Communications Inc Temecula, CA | $1,866,392 | $1,074,996 |