Towson University Public Media
- Assets
- $1.2m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 21
- Location
- Towson, MD
- Founding
- 12/2014
- Data as of
- 06/2021
- EIN
- 46-4929867
Organization Overview
Towson University Public Media is located in Towson, MD. The organization was established in 2014. 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 06/2021, Towson University Public Media employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Towson University Public Media 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 06/2021, Towson University Public Media generated $1.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.5%) each year. All expenses for the organization totaled $1.5m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (7.3%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
OPERATE A PUBLIC RADIO STATION LICENSED TO TOWSON UNIVERSITY
Describe the Organization's Program Activity:
BROADCAST AND FUNDRAISING SERVICES FOR PUBLIC RADIO STATION LICENSED TO TOWSON UNIVERSITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alan Hoff President | Officer | 1 | $0 |
Pete Waxter Treasurer | Officer | 1 | $0 |
Rich Barnstein Secretary | Officer | 1 | $0 |
Scott Mullins General Manager | Officer | 40 | $0 |
Kirsten Schofield Director Of Finance And Ad | Officer | 40 | $0 |
Michelle Huggins Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,749,575 |
| Investment income | $455 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,438 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,772,101 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $990,747 |
| Pension plan accruals and contributions | $57,254 |
| Other employee benefits | $133,698 |
| Payroll taxes | $69,411 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $39,430 |
| Advertising and promotion | $10,027 |
| Office expenses | $3,189 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $831 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,662 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $17,119 |
| All other expenses | $0 |
| Total functional expenses | $1,539,015 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,018,105 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $142,663 |
| 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 | $31,235 |
| Investments—publicly traded securities | $16,626 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,208,629 |
| Accounts payable and accrued expenses | $158,285 |
| 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 | $445,787 |
| Total liabilities | $604,072 |
| 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 |
| Total liabilities and net assets/fund balances | $604,557 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Towson University Public Media has recieved totaling $25,904.
| Awarding Organization | Amount |
|---|---|
Baltimore Community Foundation Inc Baltimore, MD PURPOSE: GENERAL SUPPORT AND VARIOUS PROJECTS | $25,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $404 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pittsburgh Community Broadcasting Corporation Pittsburgh, PA | $14,757,742 | $7,221,398 |
Atlantic Gateway Communications Inc Rockville, MD | $17,231,384 | $8,767,157 |
Positive Alternative Radio Inc Blacksburg, VA | $12,105,265 | $8,585,071 |
Your Public Radio Corporation Baltimore, MD | $11,534,970 | $6,734,198 |
Radioloy Business Management Association Fairfax, VA | $1,925,758 | $2,363,822 |
Four Rivers Community Broadcasting Corporation Harleysville, PA | $5,233,396 | $1,844,521 |
Towson University Public Media Towson, MD | $1,208,629 | $1,772,101 |
America Abroad Media Washington, DC | $41,649 | $950,475 |
Delaware First Media Corporation Dover, DE | $420,310 | $885,007 |
Council On Radionuclides & Radiopharmaceuticals Washington, DC | $1,555,856 | $899,428 |
The Software Defined Radio Forum Inc Reston, VA | $795,838 | $578,782 |
Public Radio Program Directors Association Inc Pittsburgh, PA | $605,782 | $349,723 |