Key Life Network Inc
- Assets
- $2.2m
- Revenue
- $1.8m
- Investments
- $8.2k
- Employees
- 10
- Location
- Maitland, FL
- Founding
- 05/1986
- Data as of
- 12/2021
- EIN
- 59-2607667
Organization Overview
Key Life Network Inc is located in Maitland, FL. The organization was established in 1986. According to its NTEE Classification (X84) the organization is classified as: Religious Radio, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Key Life Network Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Key Life Network 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 12/2021, Key Life Network Inc generated $1.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $1.8m during the year ending 12/2021. 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
TO SUPPORT AND ENCOURAGE COMMUNICATION AND EXTENSION OF CHRISTIAN LIFE THROUGHOUT THE U.S. BY VARIOUS MODES OF COMMUNICATION.
Describe the Organization's Program Activity:
RADIO AND WEB BROADCASTING: FIFTEEN MINUTE BIBLE TEACHINGS AND ONE MINUTE PROGRAMS ARE BROADCAST OVER THE INTERNET AND ON STATIONS ACROSS THE NATION ON A DAILY BASIS. THERE IS ALSO A 1 HOUR TALK SHOW BROADCASTED WEEKLY ON RADIO STATIONS AND OVER THE INTERNET.
PUBLICATIONS: PUBLICATIONS RANGE FROM FREE MAGAZINES TO FREE CDS. A FREE MAGAZINE IS MAILED 1-2 TIMES A YEAR TO CONSTITUENTS. IN ADDITION, THERE IS A MONTHLY MAILING OF "ASK LETTERS" WHICH INCLUDES A MINISTRY ARTICLE.
PREMIUM FULFILLMENT: ACQUISITION, STORAGE AND DISTRIBUTION OF MINISTRY RELATED CONTENT, IN PRINTED, AUDIO, AND VIDEO FORMS, E.G. BOOKS, CDS, AND DVDS.
SPEAKER/EVENTS: SPEAKING ENGAGEMENTS BY STEVE BROWN AND OTHER GUEST SPEAKERS ARE PERFORMED SEVERAL TIMES A YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen W Brown Sr. Exec VP | OfficerTrustee | 40 | $130,212 |
George D Bingham President | OfficerTrustee | 40 | $122,504 |
Dr Peter Alwinson Secretary | OfficerTrustee | 0.75 | $4,500 |
Richard A Farmer Chairman/treasurer | OfficerTrustee | 0 | $0 |
William Hand Board Member | Trustee | 0 | $0 |
Barbara Juliani Board Member | Trustee | 0 | $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 | $1,829,361 |
| Noncash contributions included in lines 1a–1f | $52,701 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,829,361 |
| Total Program Service Revenue | $6,062 |
| Investment income | $15,352 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $2,141 |
| Net Rental Income | $36,000 |
| Net Gain/Loss on Asset Sales | $1,076 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $8,359 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,772,771 |
| 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. | $318,559 |
| Compensation of current officers, directors, key employees. | $44,392 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $287,643 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $110,547 |
| Payroll taxes | $38,743 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $46,204 |
| Office expenses | $76,549 |
| Information technology | $131,317 |
| Royalties | $0 |
| Occupancy | $46,877 |
| Travel | $813 |
| 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 | $65,436 |
| Insurance | $15,177 |
| All other expenses | $0 |
| Total functional expenses | $1,803,798 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,709 |
| Savings and temporary cash investments | $1,672,644 |
| Pledges and grants receivable | $80,072 |
| Accounts receivable, net | $13,626 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $108,370 |
| Prepaid expenses and deferred charges | $9,510 |
| Net Land, buildings, and equipment | $278,851 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $8,207 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $40,277 |
| Total assets | $2,219,266 |
| Accounts payable and accrued expenses | $92,300 |
| 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 | $92,300 |
| Net assets without donor restrictions | $2,126,966 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $2,219,266 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Key Life Network Inc has recieved totaling $105,981.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $44,375 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: CULTURE | $29,250 |
Samuel E And Mary W Thatcher Foundation Inc Miami, FL PURPOSE: GENERAL SUPPORT | $25,000 |
Christian Community Foundation Of Memphis And The Mid-South Inc Memphis, TN PURPOSE: PROGRAM SUPPORT | $5,200 |
The Miller Family Charitable Trust Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $1,200 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $956 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Z Ministries Inc Altamonte Springs, FL | $2,751,007 | $6,265,341 |
Key Life Network Inc Maitland, FL | $2,219,266 | $1,772,771 |
Genesis Radio Network Inc Miramar, FL | $2,016,166 | $1,191,199 |
Augusta Radio Fellowship Institute Inc Grovetown, GA | $10,451,546 | $1,051,845 |
Radio Waves Of Love Inc Hialeah, FL | $194,102 | $731,078 |
Archangel Communications Fairhope, AL | $635,232 | $463,224 |
Proclaim My Work Inc Dahlonega, GA | $2,497,591 | $306,292 |
Alabama Christian Radio Inc Opelika, AL | $139,159 | $340,204 |
Airwaves For Jesus Inc Fort Myers, FL | $189,775 | $244,136 |
Iwork4him Ministries Inc Davenport, FL | $34,102 | $0 |
Orthodox Christian Network Inc Sunny Isles Beach, FL | $400,771 | $482,978 |
Word Christian Broadcasting Inc Douglasville, GA | $576,412 | $192,110 |