Iowa Broadcasters Association
- Assets
- $938.5k
- Revenue
- $319.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Newton, IA
- Founding
- 07/1980
- Data as of
- 06/2022
- EIN
- 42-1144372
Organization Overview
Iowa Broadcasters Association is located in Newton, IA. The organization was established in 1980. According to its NTEE Classification (A30) the organization is classified as: Media & Communications, 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. Iowa Broadcasters Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2022, Iowa Broadcasters Association generated $319.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.8% each year . All expenses for the organization totaled $336.0k during the year ending 06/2022. While expenses have increased by 4.9% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE THE INTEREST OF THE FREE, LOCAL, OVER-THE-AIR, FULL SERVICE RADIO AND TELEVISION BROADCAST INDUSTRY IN IOWA THROUGH ASSOCIATION SPONSORED ACTIVITIES THAT ENHANCE THE LEVEL OF RESPECT FOR THE BROADCAST INDUSTRY HELD BY THE GENERAL PUBLIC, NONPROFIT ORGANIZATIONS, GOVERNMENT AGENCIES AND POLICYMAKERS, AND BUSINESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IBA MEMBER TRAINING (ANNUAL CONVENTION & WEBINARS): IBA OFFERS VARIOUS TYPES OF MEMBER TRAINING WEBINARS THROUGHOUT THE YEAR IN ADDITION TO TRAINING SEMINARS AT THE ANNUAL IBA CONVENTION. THE TRAINING OPPORTUNITIES INCLUDE SALES AND MARKETING, MANAGEMENT, ENGINEERING AND PROGRAMMING, LEGAL COMPLIANCE AND OTHER INFORMATION PERTINENT TO THE BROADCAST INDUSTRY. IBA UTILIZES NATIONALLY KNOWN SPEAKERS AND TRAINERS, ALONG WITH LEGAL AND REGULATORY EXPERTS, TO PROVIDE THESE OPPORTUNITIES FOR ITS MEMBERS. IBA PROVIDES AT LEAST 1 WEBINAR EACH MONTH AND 2-3 IN SOME MONTHS BASED ON NEED.
IBA ADVOCACY: IBA ADVOCATES ON BEHALF OF ITS MEMBERS TO ADVANCE THE INTERESTS OF THE STATE BROADCAST INDUSTRY BEFORE THE LEGISLATIVE, EXECUTIVE AND JUDICIAL BRANCHES OF GOVERNMENT AT THE STATE AND FEDERAL LEVELS. THE ASSOCIATION ALSO EDUCATES THE PUBLIC AND OTHER BUSINESSES ABOUT THE USES AND VALUE OF BROADCASTING. APPROXIMATELY 200 MEMBERS SERVED.
FCC ABIP INSPECTION PROGRAM: IOWA BROADCASTERS ASSOCIATION PROVIDES SERVICES RELATED TO FCC (FEDERAL COMMUNICATIONS COMMISSION) COMPLIANCE DIRECTLY TO THE MEMBERSHIP VIA THE ALTERNATIVE BROADCAST INSPECTION PROGRAM (ABIP). ABIP INSPECTIONS ARE COMPLETED BY AN INDEPENDENT CONTRACTOR RETAINED BY THE ASSOCIATION UPON REQUEST OF THE MEMBER STATIONS TO CERTIFY BASIC REGULATORY COMPLIANCE UNDER THE RULES AND REGULATIONS OF THE FCC. STATIONS FOUND "IN COMPLIANCE" ARE THEN GRANTED A 3-YEAR GRACE PERIOD DURING WHICH TIME STATIONS ARE EXEMPTED FROM FURTHER ROUTINE/RANDOM INSPECTIONS BY THE FCC.
IBA LEGAL HOTLINE: IBA PROVIDES ITS MEMBERS WITH A FREE LEGAL HOTLINE FOR ISSUES CONCERNING GENERAL BUSINESS-RELATED QUESTIONS OR INDUSTRY SPECIFIC LEGAL AND/OR REGULATORY QUESTIONS. MEMBER RADIO AND TELEVISION STATIONS HAVE RELIABLE, ACCESSIBLE AND PROMPT LEGAL COUNSEL AT THEIR FINGERTIPS AT THE STATE AND FEDERAL LEVELS. STATIONS CAN HAVE THEIR QUESTIONS ANSWERED BY ONE OF OUR COMMUNICATIONS ATTORNEYS AT NO COST AS LONG AS THE QUESTIONS CAN BE ANSWERED WITHOUT INDEPENDENT RESEARCH OR INVESTIGATION. THE LAWYERCLIENT RELATIONSHIP IS BETWEEN THE BROADCASTER AND THE LAW FIRMS AND IBA HAS NO LIABILITY FOR ACTIONS TAKEN BY ATTORNEYS PROVIDING THE SERVICE. LEGAL ADVICE IS NOT PROVIDED IN DISPUTES BETWEEN IBA MEMBER STATIONS OR IN MATTERS WHICH WOULD CREATE A PROFESSIONAL CONFLICT OF INTEREST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lj Pritchard President | OfficerTrustee | 1 | $0 |
John Huff Vice Preside | OfficerTrustee | 1 | $0 |
Julie Hein Past-Preside | OfficerTrustee | 1 | $0 |
Bernie Merrill Treasurer | Trustee | 1 | $0 |
Susan Ramsett Director | Trustee | 1 | $0 |
Steve Rohrer Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $54,456 |
| Fundraising events | $0 |
| Related organizations | $5,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,820 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $73,276 |
| Total Program Service Revenue | $237,158 |
| Investment income | $9,124 |
| 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 | $319,558 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $127,500 |
| Fees for services: Legal | $39,702 |
| Fees for services: Accounting | $3,992 |
| Fees for services: Lobbying | $27,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,169 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,579 |
| Information technology | $3,434 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $10,501 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $45,852 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $750 |
| All other expenses | $408 |
| Total functional expenses | $335,951 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $191,670 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,513 |
| 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 | $10,000 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $722,305 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $938,488 |
| Accounts payable and accrued expenses | $23,727 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $23,727 |
| 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 | $914,761 |
| Total liabilities and net assets/fund balances | $938,488 |
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