Stu-Comm Incorporated
- Assets
- $3.7m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 23
- Location
- Charlottesville, VA
- Founding
- 09/1995
- Data as of
- 06/2021
- EIN
- 54-1681363
Organization Overview
Stu-Comm Incorporated is located in Charlottesville, VA. The organization was established in 1995. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2022, Stu-Comm Incorporated employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stu-Comm Incorporated 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, Stu-Comm Incorporated generated $2.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.2% each year . All expenses for the organization totaled $1.5m during the year ending 06/2021. While expenses have increased by 7.8% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PRODUCE MUSIC, EDUCATIONAL, AND COMMUNITY-ORIENTED PROGRAMMING AND BROADCAST IT TO COMMUNITIES IN CENTRAL VIRGINIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STU-COMM, INC. OPERATED FOUR LICENSED EDUCATIONAL PUBLIC RADIO STATIONS (WNRN-FM, WNRS-FM, WFTH-AM, AND WHAN-AM) AND PRODUCED AND BROADCASTED MUSIC, EDUCATIONAL, AND COMMUNITY-ORIENTED PROGRAMMING, INCLUDING ALTERNATIVE MUSIC PROGRAMMING, TO RADIO LISTENERS IN CHARLOTTESVILLE, LYNCHBURG, STAUNTON, RICHMOND, AND ADJACENT COMMUNITIES IN CENTRAL VIRGINIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Keefe General Mana | Officer | 40 | $101,223 |
Sarah Abubaker Director | Trustee | 1 | $0 |
Greg Brown Director | Trustee | 1 | $0 |
Martin Conn President | Trustee | 1 | $0 |
Rebecca Frye Director | Trustee | 1 | $0 |
Laura Galgano Secretary | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,189,111 |
| Investment income | $1,370 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $20,713 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $2,442 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,214,653 |
| 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. | $104,250 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $622,746 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $107,962 |
| Payroll taxes | $59,197 |
| Fees for services: Management | $1,569 |
| Fees for services: Legal | $26,011 |
| Fees for services: Accounting | $6,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $40,647 |
| Advertising and promotion | $0 |
| Office expenses | $60,162 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $147,172 |
| Travel | $27,698 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $31,665 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $32,253 |
| Insurance | $22,335 |
| All other expenses | $0 |
| Total functional expenses | $1,546,499 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $485,001 |
| Savings and temporary cash investments | $422,003 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $140,621 |
| 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 | $16,196 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $725,317 |
| Other assets | $0 |
| Total assets | $3,671,420 |
| Accounts payable and accrued expenses | $32,980 |
| 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 | $1,185,555 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,425 |
| Total liabilities | $1,219,960 |
| 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 | $2,451,460 |