Delaware First Media Corporation
- Assets
- $420.3k
- Revenue
- $885.0k
- Investments
- $0.0
- Employees
- 14
- Location
- Dover, DE
- Founding
- 08/2010
- Data as of
- 06/2022
- EIN
- 27-0552599
Organization Overview
Delaware First Media Corporation is located in Dover, DE. The organization was established in 2010. 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 06/2022, Delaware First Media Corporation employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Delaware First Media Corporation 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, Delaware First Media Corporation generated $885.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $902.0k during the year ending 06/2022. While expenses have increased by 8.2% 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
TO MAKE A SUBSTANTIAL CONTRIBUTION TO DELAWARE'S JOURNALISM COMMUNITY AND TO THE CITIZENS OF DELAWARE BY DELIVERING ORIGINAL, IN-DEPTH, DELAWARE-SPECIFIC NEWS AND COMMENTARY FROM ALL THREE COUNTIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DELAWARE FIRST MEDIA CREATED AND LAUNCHED DFM NEWS, A NONPROFIT PUBLIC MEDIA NEWS ORGANIZATION THAT PROVIDES STATEWIDE COVERAGE OF NEWS AND COMMENTARY, ONLINE AND VIA PUBLIC RADIO DELMARVA, AS WELL AS PUBLIC-SERVICE PROGRAMMING AND EVENTS. DFM NEWS PROGRAMMING IS ACCESSIBLE TO AND DESIGNED TO BENEFIT ALL DELAWAREANS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jane C Vincent President | Officer | 40 | $85,500 |
Jennifer Cornell Treasurer | Officer | 8 | $28,230 |
Ellen J Roberts Secretary | OfficerTrustee | 4 | $0 |
Charlisa Holloway Edelin Director | Trustee | 4 | $0 |
George Watson Director | Trustee | 4 | $0 |
Robert Varipapa Chair,direct | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $189,000 |
| Government grants | $293,393 |
| All other contributions, gifts, grants, and similar amounts not included above | $402,038 |
| Noncash contributions included in lines 1a–1f | $10,444 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $884,431 |
| Total Program Service Revenue | $0 |
| Investment income | $27 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$456 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $885,007 |
| 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. | $113,730 |
| Compensation of current officers, directors, key employees. | $113,730 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $303,637 |
| Pension plan accruals and contributions | $4,493 |
| Other employee benefits | $34,458 |
| Payroll taxes | $23,213 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $195,071 |
| Advertising and promotion | $47,887 |
| Office expenses | $14,312 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,299 |
| 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 | $6,348 |
| Insurance | $18,701 |
| All other expenses | $0 |
| Total functional expenses | $902,044 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $302 |
| Savings and temporary cash investments | $327,377 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $36,000 |
| 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 | $5,978 |
| Net Land, buildings, and equipment | $26,653 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $24,000 |
| Other assets | $0 |
| Total assets | $420,310 |
| Accounts payable and accrued expenses | $41,198 |
| Grants payable | $0 |
| Deferred revenue | $53,000 |
| 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 | $0 |
| Total liabilities | $94,198 |
| Net assets without donor restrictions | $326,112 |
| 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 | $420,310 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Delaware First Media Corporation has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
The Miami Foundation Inc Miami, FL PURPOSE: PROGRAM SUPPORT | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pittsburgh Community Broadcasting Corporation Pittsburgh, PA | $14,757,742 | $7,221,398 |
Atlantic Gateway Communications Inc Rockville, MD | $17,231,384 | $8,767,157 |
Your Public Radio Corporation Baltimore, MD | $11,534,970 | $6,734,198 |
Newark Public Radio Inc Newark, NJ | $5,566,802 | $5,558,972 |
Auricle Communications Jersey City, NJ | $6,547,591 | $2,964,645 |
Four Rivers Community Broadcasting Corporation Harleysville, PA | $5,233,396 | $1,844,521 |
Towson University Public Media Towson, MD | $1,208,629 | $1,772,101 |
Delaware First Media Corporation Dover, DE | $420,310 | $885,007 |
Radio Jesus Es El Senor Inc Union City, NJ | $15,549 | $622,294 |
Public Radio Program Directors Association Inc Pittsburgh, PA | $605,782 | $349,723 |
Reading Buccaneers Inc Reading, PA | $62,760 | $329,796 |
Princeton Broadcasting Service Inc Princeton, NJ | $6,892,519 | $420,680 |