Brazos Valley Public Broadcasting Foundation
- Assets
- $1.8m
- Revenue
- $819.0k
- Investments
- $0.0
- Employees
- 6
- Location
- Waco, TX
- Founding
- 08/1993
- Data as of
- 05/2022
- EIN
- 74-2674611
Organization Overview
Brazos Valley Public Broadcasting Foundation, operating under the name Kwbu-Fm, is located in Waco, TX. The organization was established in 1993. According to its NTEE Classification (A30) the organization is classified as: Media & Communications, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 05/2022, Kwbu-Fm employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kwbu-Fm 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 05/2022, Kwbu-Fm generated $819.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $753.6k during the year ending 05/2022. While expenses have increased by 0.9% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE AS AN ESSENTIAL LIFELONG RESOURCE PROVIDING QUALITY RADIO PROGRAMS AND SERVICES FOR THE ENRICHMENT OF THE LIVES OF CENTRAL TEXANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BROADCAST PUBLIC RADIO PROGRAMMING IN THE CENTRAL TEXAS AREA. PRODUCE HIGH QUALITY LOCAL EDUCATIONAL PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joe Riley President/ceo | Officer | 40 | $139,228 |
Jeffry Archer Vice Chair | OfficerTrustee | 1 | $0 |
John Cullar Vice Chair,chair | OfficerTrustee | 1 | $0 |
Lois Ferguson Chair | OfficerTrustee | 1 | $0 |
Ashley Louge Corporate Secretary | Officer | 1 | $0 |
Michael Reeser Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $234,406 |
| Fundraising events | $0 |
| Related organizations | $182,101 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $142,502 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $559,009 |
| Total Program Service Revenue | $260,014 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $819,023 |
| 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. | $140,380 |
| Compensation of current officers, directors, key employees. | $77,209 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $213,106 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $85,312 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,876 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,629 |
| Office expenses | $2,503 |
| Information technology | $3,073 |
| Royalties | $0 |
| Occupancy | $18,449 |
| Travel | $1,326 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | -$3,260 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,410 |
| Insurance | $0 |
| All other expenses | $44,489 |
| Total functional expenses | $753,586 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,275,192 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $45,566 |
| Net Land, buildings, and equipment | $17,596 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $439,168 |
| Total assets | $1,777,522 |
| Accounts payable and accrued expenses | $75,237 |
| 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 | $439,168 |
| Total liabilities | $514,405 |
| Net assets without donor restrictions | $1,263,117 |
| 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 | $1,777,522 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Brazos Valley Public Broadcasting Foundation has recieved totaling $305,474.
| Awarding Organization | Amount |
|---|---|
Baylor University Waco, TX PURPOSE: PROGRAMMING AND PRODUCTION COST ASSISTANCE | $272,374 |
Waco Foundation Waco, TX PURPOSE: ANNUAL CAMPAIGNS | $32,100 |
Clifton Foundation Waco, TX PURPOSE: GENERAL USE | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
North Texas Public Broadcasting Inc Dallas, TX | $55,596,237 | $28,075,482 |
19th News Austin, TX | $21,584,560 | $14,541,849 |
Houston Christian Broadcasters Inc Houston, TX | $13,908,658 | $4,581,880 |
Ubongo International Austin, TX | $5,077,785 | $2,839,970 |
South Texas Public Broadcasting System Corpus Christi, TX | $9,349,608 | $2,198,277 |
Capitol Broadcasting Association Inc Austin, TX | $11,419,907 | $3,656,134 |
Acadiana Open Channel Inc Lafayette, LA | $521,946 | $724,630 |
Dallas Express Media Dallas, TX | $116,988 | $329,975 |
Oklahoma Watch Inc Oklahoma City, OK | $563,397 | $1,089,252 |
Brazos Valley Public Broadcasting Foundation Waco, TX | $1,777,522 | $819,023 |
Louisiana Association Of Broadcasters Baton Rouge, LA | $1,966,076 | $788,764 |
New Mexico Broadcasters Association Albuquerque, NM | $858,591 | $676,786 |