Radio Port Townsend
- Assets
- $1.4m
- Revenue
- $232.8k
- Investments
- $0.0
- Employees
- 6
- Location
- Port Townsend, WA
- Founding
- 06/2009
- Data as of
- 06/2021
- EIN
- 26-0875372
Organization Overview
Radio Port Townsend is located in Port Townsend, WA. The organization was established in 2009. 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 06/2021, Radio Port Townsend employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Radio Port Townsend 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 06/2021, Radio Port Townsend generated $232.8k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 15.5% each year . All expenses for the organization totaled $149.7k during the year ending 06/2021. While expenses have increased by 6.3% per year over the past 5 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO OPERATE A LOCAL RADIO STATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OPERATES A LOCAL RADIO STATION IN PORT TOWNSEND, WASHINGTON.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Ambrose President | OfficerTrustee | 2 | $0 |
Dominic Svornich Vice President | OfficerTrustee | 2 | $0 |
Jacqueline Mention Secretary | OfficerTrustee | 2 | $0 |
Victor Dirksen Treasurer | OfficerTrustee | 2 | $0 |
Matt Woodward Director | Trustee | 2 | $0 |
Ray Serebrin Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $16,778 |
| All other contributions, gifts, grants, and similar amounts not included above | $206,463 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $223,241 |
| Total Program Service Revenue | $0 |
| Investment income | $960 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $232,816 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $79,041 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,902 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,945 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $455 |
| Office expenses | $559 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $25,829 |
| Travel | $0 |
| 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 | $13,756 |
| Insurance | $7,004 |
| All other expenses | -$3,879 |
| Total functional expenses | $149,693 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $167,691 |
| Savings and temporary cash investments | $272,396 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $998,702 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,438,789 |
| Accounts payable and accrued expenses | $0 |
| 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 | $9,315 |
| Total liabilities | $9,315 |
| Net assets without donor restrictions | $1,429,474 |
| 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 | $1,438,789 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Radio Port Townsend has recieved totaling $165,775.
| Awarding Organization | Amount |
|---|---|
M J Murdock Charitable Trust Vancouver, WA PURPOSE: LEASEHOLD IMPROVEMENTS | $154,000 |
Jefferson County Community Foundation Port Hadlock, WA PURPOSE: SPONSORSHIP MESSAGES TO PROMOTE LOCAL BUSINESSES IMPACTED BY THE PANDEMIC. | $11,150 |
The Natembea Foundation Inc Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $125 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kuow-Puget Sound Public Radio Seattle, WA | $17,962,877 | $19,303,443 |
Pacific Public Media Seattle, WA | $18,492,079 | $10,102,948 |
Classical 98 1 Seattle, WA | $7,691,634 | $5,192,189 |
Coastalaska Inc Juneau, AK | $5,533,543 | $4,242,861 |
Northwest Communities Education Center Granger, WA | $3,287,239 | $4,075,300 |
Spokane Public Radio Spokane, WA | $4,831,170 | $1,756,362 |
Silakkuagvik Communication Inc Barrow, AK | $1,093,900 | $663,435 |
Voice Of Christ Media Ministries Inc Beaverton, OR | $497,571 | $636,829 |
Live Wire Radio Inc Portland, OR | $264,436 | $580,290 |
Jack Straw Foundation Seattle, WA | $1,544,624 | $532,492 |
Cascade Educational Broadcast Service Portland, OR | $116,899 | $504,183 |
Terminal Radio Inc Valdez, AK | $203,006 | $241,157 |