Key Life Network Inc
- Assets
- $1.5m
- Revenue
- $1.7m
- Investments
- $5.6k
- Employees
- 9
- Location
- Maitland, FL
- Founding
- 05/1986
- Data as of
- 12/2023
- 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 12/2023, Key Life Network Inc employed 9 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 12/2023, Key Life Network Inc generated $1.7m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $2.0m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.2%) per year over the past 8 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
2023
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.
SPEAKER/EVENTS: SPEAKING ENGAGEMENTS BY STEVE BROWN AND OTHER GUEST SPEAKERS ARE PERFORMED SEVERAL TIMES A YEAR.
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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen W Brown Sr. Exec VP | OfficerTrustee | 40 | $144,468 |
George D Bingham President | OfficerTrustee | 40 | $132,900 |
Dr Peter Alwinson Secretary | OfficerTrustee | 0.75 | $10,600 |
James Henderson Board Member | Trustee | 0 | $0 |
Dr Michael Masters Board Member | Trustee | 0 | $0 |
Dr Robert C Cannada Jr 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 | $1,658,874 |
| Noncash contributions included in lines 1a–1f | $29,054 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,658,874 |
| Total Program Service Revenue | $10,005 |
| Investment income | $37,608 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $3,230 |
| Net Rental Income | $36,000 |
| Net Gain/Loss on Asset Sales | $26,621 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $15,903 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,660,721 |
| 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. | $326,080 |
| Compensation of current officers, directors, key employees. | $49,675 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $351,171 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $151,311 |
| Payroll taxes | $42,726 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,513 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $57,809 |
| Office expenses | $101,058 |
| Information technology | $163,913 |
| Royalties | $0 |
| Occupancy | $64,048 |
| Travel | $4,165 |
| 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 | $28,704 |
| Insurance | $16,274 |
| All other expenses | $71 |
| Total functional expenses | $1,984,588 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,030 |
| Savings and temporary cash investments | $1,071,400 |
| Pledges and grants receivable | $75,730 |
| Accounts receivable, net | $342 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $108,648 |
| Prepaid expenses and deferred charges | $8,651 |
| Net Land, buildings, and equipment | $226,039 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $5,621 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $40,277 |
| Total assets | $1,545,738 |
| Accounts payable and accrued expenses | $125,881 |
| 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 | $125,881 |
| Net assets without donor restrictions | $1,419,857 |
| 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 | $1,545,738 |