Quad Cities Community Broadcasting Group Inc
- Assets
- $744.7k
- Revenue
- $523.6k
- Investments
- $0.0
- Employees
- 2
- Location
- Rock Island, IL
- Founding
- 08/2004
- Data as of
- 12/2021
- EIN
- 32-0066891
Organization Overview
Quad Cities Community Broadcasting Group Inc, operating under the name Wgvv 925 Fm, is located in Rock Island, IL. The organization was established in 2004. 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, Wgvv 925 FM employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wgvv 925 FM 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, Wgvv 925 FM generated $523.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.5% each year . All expenses for the organization totaled $495.3k during the year ending 12/2021. While expenses have increased by 18.9% 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
EDUCATION THROUGH OPERATION OF A NON-COMMERCIAL RADIO BROADCAST STATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A NON-COMMERCIAL RADIO BROADCAST STATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Blanche Jackson Treasurer | OfficerTrustee | 40 | $48,000 |
William Jackson President | OfficerTrustee | 40 | $48,000 |
Roberta J Stegall Secretary | OfficerTrustee | 40 | $0 |
Mark Jackson Director | Trustee | 40 | $0 |
Bonnie Ossian Director | Trustee | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $22,147 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $343,166 |
| All other contributions, gifts, grants, and similar amounts not included above | $122,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $487,313 |
| Total Program Service Revenue | $36,250 |
| 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 | $523,563 |
| 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. | $96,000 |
| Compensation of current officers, directors, key employees. | $48,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,144 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $42 |
| Advertising and promotion | $0 |
| Office expenses | $33,986 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,192 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $200 |
| Interest | $14,878 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,450 |
| Insurance | $7,094 |
| All other expenses | $2,159 |
| Total functional expenses | $495,273 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $229,772 |
| Savings and temporary cash investments | $0 |
| 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 | $514,908 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $744,680 |
| 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 | $252,461 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $252,461 |
| 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 | $492,219 |
| Total liabilities and net assets/fund balances | $744,680 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Quad Cities Community Broadcasting Group Inc has recieved totaling $85,000.
| Awarding Organization | Amount |
|---|---|
Quad Cities Community Foundation Bettendorf, IA PURPOSE: TECHNOLOGY/SOFTWARE ADVANCEMENTS, ACCESS TO OPPORTUNITY PROGRAM | $60,000 |
Delta Dental Of Iowa Foundation Johnston, IA PURPOSE: FUNDING FOR PRODUCTION AND BROADCAST OF RADIO PSAS IN COORDINATION WITH SCOTT COUNTY HEALTH DEPARTMENT IN RESPONSE TO CORONAVIRUS PANDEMIC. | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chicago Public Media Inc Chicago, IL | $91,335,229 | $32,290,439 |
Wisconsin Public Radio Association Inc Madison, WI | $11,978,603 | $13,336,665 |
Kentucky Public Radio Inc Louisville, KY | $10,373,136 | $8,133,338 |
Epoch Media Midwest Chicago, IL | $2,954,210 | $7,040,924 |
Radio Milwaukee Inc Milwaukee, WI | $5,388,772 | $3,567,376 |
Northeast Indiana Public Radio Inc Fort Wayne, IN | $1,502,446 | $1,334,516 |
Star Educational Media Network Inc Fort Wayne, IN | $1,400,059 | $1,318,628 |
Back Porch Radio Broadcasting Inc Wort Radio Madison, WI | $793,221 | $924,594 |
White Pine Community Broadcasting Inc Rhinelander, WI | $1,445,075 | $658,361 |
Music That Matters Inc Appleton, WI | $1,055,762 | $751,612 |
Association Of Kentucky Public Radio Stations Inc Louisville, KY | $103,040 | $749,457 |
Mid-Coast Radio Project Inc Kansas City, MO | $814,056 | $797,247 |