New Life Studios Inc
- Assets
- $179.5k
- Revenue
- $360.9k
- Investments
- $0.0
- Employees
- 4
- Location
- Jamestown, TN
- Founding
- 06/2011
- Data as of
- 12/2021
- EIN
- 27-1967652
Organization Overview
New Life Studios Inc is located in Jamestown, TN. The organization was established in 2011. 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 12/2021, New Life Studios Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Life Studios 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 12/2021, New Life Studios Inc generated $360.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $229.4k during the year ending 12/2021. 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
THE ORGANIZATION OPERATES GOSPEL RADIO STATIONS THAT PROMOTES THE SPREADING OF THE GOSPEL BY MUSIC AND PROGRAMMING
Describe the Organization's Program Activity:
Part 3 - Line 4a
BROADCASTING GOSPEL MUSIC AND PROGRAMMING PROMOTING COMMUNITY SUPPORT AND UNITY
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Baley F Allred III Board Member | Trustee | 0 | $0 |
Brenda L Allred Board Member | Trustee | 2 | $0 |
Paul Martin Board Member | Trustee | 0 | $0 |
Randy Jones Board Member | Trustee | 0 | $0 |
Ralph Sexton Jr Board Member | Trustee | 0 | $0 |
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 | $258,151 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $258,151 |
| Total Program Service Revenue | $102,741 |
| Investment income | $0 |
| 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 | $360,892 |
| 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 | $113,758 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,857 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,004 |
| Fees for services: Accounting | $2,135 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,888 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,400 |
| Travel | $500 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $52 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,957 |
| Insurance | $0 |
| All other expenses | $62,951 |
| Total functional expenses | $229,389 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $137,570 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $26,380 |
| 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 | $15,590 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $179,540 |
| Accounts payable and accrued expenses | $5,233 |
| 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 | $0 |
| Total liabilities | $5,233 |
| Net assets without donor restrictions | $0 |
| 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 | $174,307 |
| Total liabilities and net assets/fund balances | $179,540 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that New Life Studios Inc has recieved totaling $360.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: CULTURE | $360 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nashville Public Radio Nashville, TN | $20,343,495 | $8,092,094 |
University Radio Foundation Inc Charlotte, NC | $8,466,410 | $8,498,776 |
Kentucky Public Radio Inc Louisville, KY | $10,373,136 | $8,133,338 |
Positive Alternative Radio Inc Blacksburg, VA | $12,105,265 | $8,585,071 |
American Private Radio Oxford, MS | $4,958,096 | $2,060,980 |
Western North Carolina Public Radio Inc Asheville, NC | $3,491,277 | $3,010,198 |
Radioloy Business Management Association Fairfax, VA | $1,925,758 | $2,363,822 |
Country Radio Broadcasters Inc Nashville, TN | $4,104,415 | $2,602,863 |
Friends Of Public Radio Inc Wilmington, NC | $2,458,676 | $1,718,286 |
Educational Information Corporation Wcpe Radio Wake Forest, NC | $10,059,393 | $1,795,992 |
Faith Broadcasting Inc Montgomery, AL | $1,318,022 | $1,279,639 |
Association Of Kentucky Public Radio Stations Inc Louisville, KY | $103,040 | $749,457 |