Heritage Radio Network Inc
- Assets
- $1.3m
- Revenue
- $544.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- 02/2012
- Data as of
- 12/2021
- EIN
- 27-5438148
Organization Overview
Heritage Radio Network Inc is located in Brooklyn, NY. The organization was established in 2012. According to its NTEE Classification (A34) the organization is classified as: Radio, 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. Heritage Radio Network 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, Heritage Radio Network Inc generated $544.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $578.2k during the year ending 12/2021. While expenses have increased by 10.0% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE RADIO STATION OFFERS A MEDIA OUTLET FOR ENTREPRENEURS, ARTISTS, FARMERS, WRITERS AND CHEFS. THE RADIO INFORMS ITS LISTENERS ABOUT NEW TECHNOLOGIES, ENVIRONMENTAL PRACTICES, AND SUSTAINABILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES MEDIA SERVICES TO THE GENERAL PUBLIC. THE COMPANY SERVES AS A MEDIA OUTLET FOR ENTREPRENEURS, ARTISTS, FARMERS, WRITERS, AND CHEFS.
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 |
|---|---|---|---|
Caitlin Moseman Wadler Executive Director | Officer | 40 | $100,000 |
Brian Kenny Treasurer | OfficerTrustee | 10 | $0 |
Liza Hamm Chair | OfficerTrustee | 10 | $0 |
Esther Trakinski Director | Trustee | 2 | $0 |
Brandon Hoy Director | Trustee | 2 | $0 |
Akiko Katayama Host Rep | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $20,931 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $143,186 |
| All other contributions, gifts, grants, and similar amounts not included above | $380,608 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $544,725 |
| Total Program Service Revenue | $0 |
| 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 | $544,885 |
| 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. | $100,000 |
| Compensation of current officers, directors, key employees. | $20,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $271,430 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,865 |
| Payroll taxes | $32,027 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,096 |
| Advertising and promotion | $9,211 |
| Office expenses | $0 |
| Information technology | $18,438 |
| Royalties | $0 |
| Occupancy | $4,000 |
| Travel | $694 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $8,498 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $43,447 |
| Insurance | $15,520 |
| All other expenses | $7,504 |
| Total functional expenses | $578,208 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,150,519 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $19,334 |
| 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 | $111,897 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,300 |
| Total assets | $1,285,050 |
| Accounts payable and accrued expenses | $59,783 |
| 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 | $979,400 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,039,183 |
| Net assets without donor restrictions | $245,867 |
| 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 | $1,285,050 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Heritage Radio Network Inc has recieved totaling $843.
| Awarding Organization | Amount |
|---|---|
Strong Foundation Of New York New York, NY PURPOSE: GENERAL SUPPORT | $750 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $93 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New York Public Radio New York, NY | $128,472,893 | $81,924,982 |
Prx Incorporated Cambridge, MA | $8,096,809 | $28,163,889 |
American Radio Relay League Inc Newington, CT | $43,746,662 | $15,484,740 |
New England Public Media Inc Springfield, MA | $13,528,339 | $7,013,590 |
Vermont Public Radio Colchester, VT | $31,702,879 | $9,993,352 |
Wamc Albany, NY | $11,819,867 | $7,774,367 |
Pittsburgh Community Broadcasting Corporation Pittsburgh, PA | $14,757,742 | $7,221,398 |
Futuro Media Group New York, NY | $3,357,406 | $5,947,446 |
Radio Kingston Corp Kingston, NY | $13,807,163 | $9,634,133 |
Newark Public Radio Inc Newark, NJ | $5,566,802 | $5,558,972 |
Auricle Communications Jersey City, NJ | $6,547,591 | $2,964,645 |
Radio Ambulante Studios Inc New York, NY | $688,433 | $1,869,145 |