Newark Public Radio Inc
- Assets
- $3.7m
- Revenue
- $4.8m
- Investments
- $8.6k
- Employees
- 51
- Location
- Newark, NJ
- Founding
- 04/1979
- Data as of
- 09/2023
- EIN
- 22-2137728
Organization Overview
Newark Public Radio Inc is located in Newark, NJ. The organization was established in 1979. According to its NTEE Classification (A34) the organization is classified as: Radio, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 09/2023, Newark Public Radio Inc employed 51 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Newark Public Radio 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 09/2023, Newark Public Radio Inc generated $4.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $5.6m during the year ending 09/2023. While expenses have increased by 2.0% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL ACTIVITIES AND EXPENSES RELATE TO OPERATING NEW JERSEY'S LARGEST NPR AFFILIATED, PROFESSIONAL NON-COMMERCIAL RADIO STATION. WBGO'S BROADCAST SIGNAL COVERS SIGNIFICANT PORTIONS OF THE TRI-STATE, METRO-AREA WITH EDUCATIONAL, INFORMATIONAL, AND JAZZ PROGRAMMING. WBGO PROMOTES ITSELF VIA A WEBSITE (WWW.WBGO.ORG) AND STREAMS ITS BROADCAST SIGNAL DIGITALLY VIA THE INTERNET AND CELL PHONE TECHNOLOGY. (SEE SCHEDULE O FOR DETAIL)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karl Frederic Chair | OfficerTrustee | 2 | $0 |
Tara Dowdell Vice Chair | OfficerTrustee | 2 | $0 |
David Weiner Treasurer | OfficerTrustee | 2 | $0 |
Bill Hofstetter Secretary | OfficerTrustee | 2 | $0 |
Michael Ostroff Vice Secretary | Trustee | 2 | $0 |
Pamela Morgan Community Advisory Board (cab) Chair | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lowenstein Sandler Llp Legal | 9/29/21 | $220,746 |
Robert Ottenhoff Management | 9/29/21 | $155,560 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $582,784 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,121,049 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,703,833 |
| Total Program Service Revenue | $1,034,400 |
| Investment income | $53,715 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $404 |
| Net Income from Fundraising Events | $31,668 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,824,020 |
| 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. | $768,864 |
| Compensation of current officers, directors, key employees. | $181,993 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,926,213 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $251,257 |
| Payroll taxes | $222,263 |
| Fees for services: Management | $768,032 |
| Fees for services: Legal | $10,374 |
| Fees for services: Accounting | $55,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $156,414 |
| Advertising and promotion | $347,378 |
| Office expenses | $329,099 |
| Information technology | $69,963 |
| Royalties | $0 |
| Occupancy | $202,579 |
| Travel | $21,296 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $39,450 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $81,648 |
| Insurance | $106,512 |
| All other expenses | $0 |
| Total functional expenses | $5,563,336 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,150,585 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,247,689 |
| Accounts receivable, net | $0 |
| 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 | $97,854 |
| Net Land, buildings, and equipment | $1,054,572 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $8,592 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $117,060 |
| Total assets | $3,676,352 |
| Accounts payable and accrued expenses | $322,391 |
| 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 | $0 |
| Other liabilities | $115,548 |
| Total liabilities | $437,939 |
| Net assets without donor restrictions | $1,756,492 |
| Net assets with donor restrictions | $1,481,921 |
| 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 | $3,676,352 |