Marfa Public Radio Corporation
- Assets
- $2.6m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 14
- Location
- Marfa, TX
- Founding
- 02/2008
- Data as of
- 12/2021
- EIN
- 56-2497864
Organization Overview
Marfa Public Radio Corporation is located in Marfa, TX. The organization was established in 2008. 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 12/2021, Marfa Public Radio Corporation employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marfa Public Radio Corporation 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 12/2021, Marfa Public Radio Corporation generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 18.3% each year . All expenses for the organization totaled $1.2m during the year ending 12/2021. While expenses have increased by 6.3% per year over the past 5 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 BE A PUBLIC SERVICE AND A LIFELINE FOR OUR COMMUNITY, TO UNIFY AND PROMOTE CULTURAL ENRICHMENT THROUGH PRESENTATION AND FOCUS ON THE IMPORTANCE OF ART, EDUCATION AND SCIENCE, QUALITY OF LIFE AND THE LOCAL ECONOMY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAMMING, PRODUCTION, AND BROADCASTING: THE STATION PURCHASES NATIONAL PROGRAMMING AND PRODUCES LOCALLY PRODUCED PROGRAMS OF HIGH QUALITY, DIVERSITY, CREATIVITY, EXCELLENCE, AND INNOVATION IN ACCORDANCE WITH ITS MISSION TO BE A PUBLIC SERVICE AND A LIFELINE FOR THE WEST TEXAS COMMUNITY. THE STATION BROADCASTS THE PURCHASED AND LOCALLY PRODUCED PROGRAMS OVER FIVE FM RADIO FREQUENCIES WITH RADIO TOWERS IN MARFA/FORT DAVIS (93.5 FM KRTS), ALPINE 91.7 FM (KRTP), MARATHON (91.5 FM KDKY), PRESIDIO (95.3 FM KDJP) AND MIDLAND/ODESSA (91.3 FM KXWT). THE STATION WON EIGHT REGIONAL MURROW AWARDS IN 2021. ADDITIONALLY, COMMUNITY VOLUNTEERS DONATED MORE THAN 1,300 HOURS OF DJ SERVICES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elise Pepple Executive Director | Officer | 40 | $95,000 |
Karmen Bryant President | OfficerTrustee | 1 | $0 |
Jeremy Steele Treasurer | OfficerTrustee | 1 | $0 |
Christian Patry Vice-President | OfficerTrustee | 1 | $0 |
Dan Eck Secretary | OfficerTrustee | 1 | $0 |
Bill Dingus Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $299,264 |
| Fundraising events | $5,000 |
| Related organizations | $0 |
| Government grants | $171,700 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,560,627 |
| Noncash contributions included in lines 1a–1f | $171,700 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,036,591 |
| Total Program Service Revenue | $38,494 |
| Investment income | $350 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $16,735 |
| 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 | $2,092,170 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $95,000 |
| Compensation of current officers, directors, key employees. | $31,667 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $379,446 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $42,307 |
| Payroll taxes | $41,635 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $19,200 |
| Fees for services: Accounting | $49,425 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $104,002 |
| Advertising and promotion | $5,644 |
| Office expenses | $29,975 |
| Information technology | $37,414 |
| Royalties | $0 |
| Occupancy | $102,651 |
| Travel | $16,195 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,404 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $50,508 |
| Insurance | $32,711 |
| All other expenses | $21,241 |
| Total functional expenses | $1,195,128 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,135,792 |
| Savings and temporary cash investments | $101,805 |
| Pledges and grants receivable | $21,569 |
| Accounts receivable, net | $8,245 |
| 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 | $21,222 |
| Net Land, buildings, and equipment | $959,752 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $392,207 |
| Total assets | $2,640,592 |
| Accounts payable and accrued expenses | $58,338 |
| Grants payable | $0 |
| Deferred revenue | $5,679 |
| 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 | $269,586 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $333,603 |
| Net assets without donor restrictions | $2,283,420 |
| Net assets with donor restrictions | $23,569 |
| 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 | $2,640,592 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Marfa Public Radio Corporation has recieved totaling $432,154.
| Awarding Organization | Amount |
|---|---|
Fmh Foundation Midland, TX PURPOSE: OPERATING AND FACILITY CONTINGENT | $300,000 |
Scharbauer Foundation Inc Midland, TX PURPOSE: UNRESTRICTED GRANT | $116,076 |
Permian Basin Area Foundation Midland, TX PURPOSE: Arts and Culture | $15,000 |
Celanese Foundation Irving, TX PURPOSE: CHARITABLE CONTRIBUTION | $990 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $88 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hope Media Group Humble, TX | $37,826,223 | $13,472,768 |
Texas Public Radio San Antonio, TX | $12,996,965 | $6,350,039 |
Friends Of Wwoz Inc New Orleans, LA | $4,509,272 | $5,645,952 |
Greater Public Austin, TX | $3,503,811 | $5,098,039 |
Educational Radio Foundation Of East Texas Inc Tyler, TX | $10,255,856 | $5,263,792 |
World Radio Network Inc McAllen, TX | $4,989,539 | $3,275,448 |
Public Radio Inc Baton Rouge, LA | $1,978,569 | $1,887,043 |
Marfa Public Radio Corporation Marfa, TX | $2,640,592 | $2,092,170 |
Lufkin Educational Broadcasting Foundation Lufkin, TX | $1,820,174 | $1,138,193 |
Northern New Mexico Radio Foundation Santa Fe, NM | $297,079 | $781,768 |
National Association Of State Radio Networks Inc Dallas, TX | $354,914 | $763,135 |
Christian Broadcasting Company Abilene, TX | $190,013 | $386,938 |