Penfold Communications Inc
- Assets
- $1.8m
- Revenue
- $972.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Temecula, CA
- Founding
- 08/1985
- Data as of
- 12/2022
- EIN
- 33-0043464
Organization Overview
Penfold Communications Inc is located in Temecula, CA. The organization was established in 1985. According to its NTEE Classification (X84) the organization is classified as: Religious Radio, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Penfold Communications 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 12/2022, Penfold Communications Inc generated $972.7k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.3%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
BROADCAST NON-PROFIT RELIGIOUS PROGRAMMING THROUGH THE USE OF A NONCOMMERCIAL RADIO NETWORK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Smith President | 5 | $0 | |
Chad Smith Vice President | 5 | $0 | |
Vanessa Berry Secretary | 0 | $0 | |
Jerry Kotzman Station Mgr | 40 | $63,385 | |
Patricia Thomas Office Manager | 40 | $54,746 | |
Lee Wagner Engineer | 40 | $54,403 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $106,128 |
| Interest on Savings | $20 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $866,514 |
| Total Revenue | $972,662 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $242,875 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,358 |
| Depreciation | $81,021 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $15,061 |
| Printing and publications | $0 |
| Other expenses | $702,969 |
| Total operating and administrative expenses | $1,060,371 |
| Contributions, gifts, grants paid | $479 |
| Total expenses and disbursements | $1,060,850 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $96,800 |
| Savings and temporary cash investments | $100,148 |
| Net Accounts receivable | $56,425 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $19,132 |
| Net other notes and loans receivable | $1,327,876 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $213,188 |
| Other assets | $0 |
| Total assets | $1,813,569 |
| Accounts payable and accrued expenses | -$9,037 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $50,000 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $7,407 |
| Total liabilities | $48,370 |
Grants Awarded
Over the last fiscal year, Penfold Communications Inc has awarded $479 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CROSS CURRENT INTL MINISTRIES PURPOSE: FOR THE SUPPORTOF AFRICANMINISTRY. | $0 |
CASH DONATIONS FOR THE PURPOSE: FINANCIAL ASSISTANCE TONEEDY & HOMELESS | $62 |
WISE TREATMENT CENTER PURPOSE: ASSISTANCE FOREXPENSES | $0 |
CASH DONATIONS FOR BIBLE PURPOSE: FINANCIAL ASSISTANCE TOPURCHASE BIBLES | $417 |