Wrvm Inc
- Assets
- $1.8m
- Revenue
- $993.1k
- Investments
- $181.2k
- Employees
- 13
- Location
- Suring, WI
- Founding
- 04/1970
- Data as of
- 12/2020
- 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 12/2021, 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 12/2020, Wrvm Inc generated $993.1k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $1.0m during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (1.1%) per year over the past 6 years. 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
2020
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:
Part 3 - Line 4a
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 General Manager | Officer | 40 | $97,872 |
Jim Davies President | OfficerTrustee | 1 | $0 |
Lowell Bengry Secretary/treasurer | OfficerTrustee | 1 | $0 |
Robert Johnson Vice President | OfficerTrustee | 1 | $0 |
Elwood Anderson Board Member | Trustee | 1 | $0 |
David Osterberg Board Member | Trustee | 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 | $608,710 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $608,710 |
| Total Program Service Revenue | $289,315 |
| Investment income | $3,938 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $84,502 |
| Net Gain/Loss on Asset Sales | $4,144 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $993,144 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $101,680 |
| Compensation of current officers, directors, key employees. | $71,177 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $379,499 |
| Pension plan accruals and contributions | $20,908 |
| Other employee benefits | $30,201 |
| Payroll taxes | $36,699 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,035 |
| Fees for services: Accounting | $9,030 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $319 |
| Fees for services: Other | $3,716 |
| Advertising and promotion | $7,460 |
| Office expenses | $25,092 |
| Information technology | $7,617 |
| Royalties | $0 |
| Occupancy | $112,246 |
| Travel | $3,982 |
| 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 | $65,311 |
| Insurance | $27,404 |
| All other expenses | $27,442 |
| Total functional expenses | $1,003,809 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $80,240 |
| Savings and temporary cash investments | $298,584 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $23,851 |
| 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 | $14,200 |
| Net Land, buildings, and equipment | $728,219 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $181,248 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $426,656 |
| Total assets | $1,752,998 |
| Accounts payable and accrued expenses | $47,730 |
| Grants payable | $0 |
| Deferred revenue | $14,113 |
| 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 | $61,843 |
| Net assets without donor restrictions | $1,660,637 |
| Net assets with donor restrictions | $30,518 |
| 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 | $1,752,998 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Wrvm Inc has recieved totaling $201.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $201 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Three Angels Broadcasting Network Inc West Frankfort, IL | $81,435,575 | $16,993,879 |
Tct Ministries Inc Marion, IL | $14,139,992 | $10,751,910 |
Impact Network Inc Detroit, MI | $2,720,984 | $4,507,522 |
Total Living International Inc Plainfield, IL | $356,017 | $1,420,912 |
Unlocking The Bible Barrington, IL | $1,316,955 | $3,252,537 |
Wrvm Inc Suring, WI | $1,752,998 | $993,144 |
Faith Community Television Inc Marion, IL | $945,157 | $663,063 |
St Michael Broadcasting Inc St Anthony, MN | $129,584 | $0 |
R D Henton Evangelistic Foundation Chicago, IL | $15,478 | $0 |
Memphis Educational Television Inc Marion, IL | $671,902 | $339,388 |
Rosary Evangelization Apostolate Inc Oak Creek, WI | $18,060 | $0 |
My Christian Tv Eden Inc Oak Brook, IL | $463,659 | $0 |