Sat-7 North America
- Assets
- $11.3m
- Revenue
- $13.1m
- Investments
- $1.1m
- Employees
- 18
- Location
- Easton, MD
- Founding
- 01/1999
- Data as of
- 12/2022
- EIN
- 23-2964829
Organization Overview
Sat-7 North America is located in Easton, MD. The organization was established in 1999. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2022, Sat-7 North America employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sat-7 North America 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, Sat-7 North America generated $13.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $11.9m during the year ending 12/2022. While expenses have increased by 2.1% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SAT-7 IS A NETWORK OF CHRISTIAN MEDIA CHANNELS IN THE 3 MAJOR LANGUAGE GROUPS OF THE MENA REGION, ARABIC, FARSI AND TURKISH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SAT-7 USA WAS FOUNDED AND EXISTS TO FINANCIALLY SUPPORT THE CHRISTIAN MEDIA MINISTRY OF SAT-7 INTERNATIONAL IN THE MIDDLE EAST AND NORTH AFRICA. SAT-7 USA WORKS WITH INDIVIDUALS, CHURCHES, AGENCIES AND FOUNDATIONS THROUGHOUT THE UNITED STATES TO RAISE SUPPORT FOR THE BROADCASTS OF SAT-7'S INTERNATIONAL'S FOUR SATELLITE CHANNELS, SAT-7 ARABIC, SAT-7 PARS, SAT-7 KIDS AND SAT-7 TURK, AND ITS VIDEO ON DEMAND SERVICE, SAT-7 PLUS. THE CHANNELS BROADCAST INFORMATIVE AND UPLIFTING CHRISTIAN PROGRAMS IN ARABIC, FARSI AND TURKISH. THE PROGRAMS ARE HIGH-QUALITY, EASILY UNDERSTOOD AND CULTURALLY SENSITIVE TO THE MIDDLE EASTERN POPULATION. THIS SENSITIVITY IS USED TO BRIDGE THE GAPS IN VIEWER'S COMMON MISCONCEPTIONS OF CHRISTIANS IN THE MIDDLE EAST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Peter Schulze Board Chairp | Trustee | 5 | $0 |
Mr Mark Schifferdecker Vice-Chair/t | Trustee | 5 | $0 |
Archbishop Angaelos Chair, Int'l | Trustee | 1 | $0 |
David L Jones Secretary | Trustee | 1 | $0 |
Mr Judson Riggs Director | Trustee | 1 | $0 |
Mrs Vicki Gillis Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Masterworks Inc Website/digital | 12/30/22 | $337,567 |
Horizon Development And Media Write/print | 12/30/22 | $332,286 |
Envison Marketing Printing/mail | 12/30/22 | $217,826 |
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 | $12,867,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,867,500 |
| Total Program Service Revenue | $0 |
| Investment income | $39,334 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,079 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,108,258 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $20,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $7,956,581 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $347,123 |
| Compensation of current officers, directors, key employees. | $156,691 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,063,232 |
| Pension plan accruals and contributions | $64,440 |
| Other employee benefits | $222,016 |
| Payroll taxes | $106,200 |
| Fees for services: Management | $5,682 |
| Fees for services: Legal | $1,415 |
| Fees for services: Accounting | $31,251 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $717,572 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $33,561 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $164,166 |
| Royalties | $0 |
| Occupancy | $20,566 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $574,365 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $35,757 |
| Insurance | $10,426 |
| All other expenses | $0 |
| Total functional expenses | $11,884,763 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,590,419 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $227,952 |
| 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 | $79,090 |
| Net Land, buildings, and equipment | $236,647 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,138,568 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,272,676 |
| Accounts payable and accrued expenses | $194,247 |
| Grants payable | $3,993,024 |
| 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 | $107,152 |
| Total liabilities | $4,294,423 |
| Net assets without donor restrictions | $6,929,970 |
| Net assets with donor restrictions | $48,283 |
| 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 | $11,272,676 |
Grants Awarded
Over the last fiscal year, Sat-7 North America has awarded $20,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SAMARITANS PURSE PURPOSE: PROGRAM SUPPORT | $10,000 |
HEART FOR LEBANON PURPOSE: PROGRAM SUPPORT | $10,000 |