Gratis 7 Media Group Inc
- Assets
- $80.8k
- Revenue
- $75.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Boulder, CO
- Founding
- 08/2009
- Data as of
- 12/2022
- EIN
- 26-0139992
Organization Overview
Gratis 7 Media Group Inc is located in Boulder, CO. The organization was established in 2009. According to its NTEE Classification (A30) the organization is classified as: Media & Communications, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gratis 7 Media Group 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 12/2022, Gratis 7 Media Group Inc generated $75.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $87.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL TRAININGS, SCREENINGS OF REDEMPTIVE CHRISTIAN FILMS AND FILM PRODUCTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas C Johnstone President | 40 | $12,000 | |
Reuben Zylstra Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $75,000 |
| Interest on Savings | $12 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $201 |
| Total Revenue | $75,213 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $12,000 |
| Other employee salaries and wages | $6,000 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,377 |
| Depreciation | $644 |
| Occupancy | $30,975 |
| Travel, conferences, and meetings | $10,408 |
| Printing and publications | $0 |
| Other expenses | $7,297 |
| Total operating and administrative expenses | $87,651 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $87,651 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,367 |
| Savings and temporary cash investments | $50,007 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $7,434 |
| Other assets | $0 |
| Total assets | $80,808 |
| Accounts payable and accrued expenses | $102 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $321 |
| Total liabilities | $423 |