Wrvm Inc
- Assets
- $2.0m
- Revenue
- $1.2m
- Investments
- $182.5k
- Employees
- 13
- Location
- Suring, WI
- Founding
- 04/1970
- Data as of
- 12/2022
- EIN
- 39-1102434
Organization Overview
Wrvm Inc is located in Suring, WI. The organization was established in 1970. According to its NTEE Classification (X82) the organization is classified as: Religious Television, under the broad grouping of Religion-Related and related organizations. As of 12/2022, Wrvm Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wrvm 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, Wrvm Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $1.2m during the year ending 12/2022. While expenses have increased by 1.0% per year over the past 8 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
BROADCASTING RELIGIOUS, EDUCATIONAL AND AGRICULTURAL PROGRAMS FOR LISTENER'S BENEFIT.
Describe the Organization's Program Activity:
RADIO BROADCASTING OF CHRISTIAN PROGRAMMING, BIBLE TEACHING AND CHRISTIAN MUSIC
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Cornell Executive Di | Officer | 40 | $102,437 |
Lowell Bengry Treasurer | OfficerTrustee | 1 | $0 |
James Davies President | OfficerTrustee | 1 | $0 |
Donald C Harris Director | Trustee | 1 | $0 |
Robert K Johnson Vice-Preside | OfficerTrustee | 1 | $0 |
Sylvia Lindwall Secretary | OfficerTrustee | 1 | $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 | $721,376 |
| Noncash contributions included in lines 1a–1f | $14,200 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $721,376 |
| Total Program Service Revenue | $369,719 |
| Investment income | $2,649 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $97,882 |
| Net Gain/Loss on Asset Sales | $245 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,192,484 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $750 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $107,943 |
| Compensation of current officers, directors, key employees. | $61,462 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $406,901 |
| Pension plan accruals and contributions | $24,232 |
| Other employee benefits | $40,005 |
| Payroll taxes | $39,357 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,800 |
| Fees for services: Accounting | $13,545 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,600 |
| Advertising and promotion | $18,156 |
| Office expenses | $48,199 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $123,548 |
| Travel | $5,297 |
| 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 | $55,925 |
| Insurance | $32,541 |
| All other expenses | $2,516 |
| Total functional expenses | $1,160,948 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $281,563 |
| Savings and temporary cash investments | $286,395 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $55,354 |
| 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 | $10,236 |
| Net Land, buildings, and equipment | $581,316 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $182,460 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $588,723 |
| Total assets | $1,986,047 |
| Accounts payable and accrued expenses | $43,420 |
| Grants payable | $0 |
| Deferred revenue | $16,097 |
| 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 | $150,390 |
| Total liabilities | $209,907 |
| Net assets without donor restrictions | $1,742,028 |
| Net assets with donor restrictions | $34,112 |
| 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 | $1,986,047 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Three Angels Broadcasting Network Inc West Frankfort, IL | $72,102,654 | $14,843,649 |
Tct Ministries Inc Marion, IL | $12,525,379 | $12,225,144 |
Impact Network Inc Detroit, MI | $5,895,178 | $7,419,746 |
Open The Bible Barrington, IL | $1,233,387 | $2,927,406 |
Total Living International Inc Tinley Park, IL | $276,667 | $1,448,680 |
Wrvm Inc Suring, WI | $1,986,047 | $1,192,484 |
Faith Community Television Inc Marion, IL | $875,332 | $610,957 |
St Michael Broadcasting Inc St Anthony, MN | $131,476 | $0 |
R D Henton Evangelistic Foundation Chicago, IL | $12,271 | $0 |
My Christian Tv Eden Inc Oak Brook, IL | $496,491 | $0 |
Memphis Educational Television Inc Marion, IL | $916,534 | $311,252 |
Rosary Evangelization Apostolate Inc Oak Creek, WI | $18,060 | $0 |
Being One No Division Ministries Inc Lansing, MI | $193,658 | $0 |
Faithville Usa Gospelcast Productions Detroit, MI | $14,983 | $0 |