Agape Broadcasting Foundation Inc
- Assets
- $481.1k
- Revenue
- $648.2k
- Investments
- $0.0
- Employees
- 6
- Location
- Dallas, TX
- Founding
- 04/1972
- Data as of
- 12/2021
- EIN
- 75-1369880
Organization Overview
Agape Broadcasting Foundation Inc is located in Dallas, TX. The organization was established in 1972. According to its NTEE Classification (X80) the organization is classified as: Religious Media & Communications, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Agape Broadcasting Foundation Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Agape Broadcasting Foundation 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, Agape Broadcasting Foundation Inc generated $648.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $542.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.6%) per year over the past 7 years. 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
KNON'S MISSION IS TO BE THE VOICE OF THE PEOPLE IN THE DALLAS AREA. KNON PROVIDES UNIQUE PROGRAMMING TO REFLECT THE DIVERSITY OF THE ENTIRE METROPLEX COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
KNON CONDUCTS RADIO BROADCASTING AND PROVIDES UNIQUE PROGRAMS TO REFLECT THE DIVERSITY OF THE ENTIRE METROPLEX COMMUNITY INCLUDING PROGRAMS IN THESE FORMATS: GOSPEL, TALK SHOWS, RHYTHM & BLUES, LATIN ENERGY, TEJANO, COUNTRY, BLUES, CAJUN, ROCKABILLY, METAL, INDUSTRIAL ROCK, PUNK & ALTERNATIVE ROCK, REGGAE, HIP HOP, OLDIES, JEWISH, POLKA, NATIVE AMERICAN INDIAN, ETHIOPIAN, ECLECTIC. KNON IS ON THE AIR 24 HOURS A DAY AND 7 DAYS A WEEK WITH 65 DIFFERENT SHOWS DURING EACH WEEK. THERE ARE 61 VOLUNTEER SHOW HOSTS WHO PRODUCE EACH SHOW WITH THE HELP OF OTHER VOLUNTEERS. THE TALK SHOWS ADDRESS WORKER, COMMUNITY, GOVERNMENT, CHURCH, AND GAY AND LESBIAN ISSUES. KNON PRESENTS MANY EVENTS, MOSTLY MUSIC-RELATED, FOR THE COMMUNITY TO HIGHLIGHT LOCAL TALENTS AS A MEANS OF FUNDRAISING. KNON REACHES OUT TO THE MANY DIVERSE COMMUNITIES IN THE DALLAS/FORT WORTH AREA IS TRULY THE "VOICE OF THE PEOPLE."
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Walter Herring President | OfficerTrustee | 5 | $0 |
Charles Mcgarry Treasurer | OfficerTrustee | 4 | $0 |
Joost Felius Treasurer | OfficerTrustee | 3 | $0 |
Mark Mundy Board Member | Trustee | 1 | $0 |
John Macdonald Board Member | Trustee | 1 | $0 |
Eugene Soslow Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $92,950 |
| All other contributions, gifts, grants, and similar amounts not included above | $395,765 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $488,715 |
| Total Program Service Revenue | $134,335 |
| Investment income | $628 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $24,505 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $648,183 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $215,741 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $24,696 |
| Payroll taxes | $18,452 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,799 |
| Fees for services: Accounting | $13,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $6,440 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $447 |
| Advertising and promotion | $3,070 |
| Office expenses | $36,349 |
| Information technology | $4,294 |
| Royalties | $0 |
| Occupancy | $123,155 |
| Travel | $33 |
| 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 | $12,400 |
| Insurance | $4,026 |
| All other expenses | $1,009 |
| Total functional expenses | $542,916 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $439,918 |
| 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 | $4,951 |
| Prepaid expenses and deferred charges | $15,042 |
| Net Land, buildings, and equipment | $12,722 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,500 |
| Total assets | $481,133 |
| Accounts payable and accrued expenses | $1,670 |
| Grants payable | $0 |
| Deferred revenue | $1,167 |
| 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 | $19,944 |
| Total liabilities | $22,781 |
| Net assets without donor restrictions | $140,843 |
| Net assets with donor restrictions | $317,509 |
| 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 | $481,133 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Agape Broadcasting Foundation Inc has recieved totaling $8,151.
| Awarding Organization | Amount |
|---|---|
Texas Organizing Project Education Fund San Antonio, TX PURPOSE: Supporting KNON"s production of podcast material that spotlights non-partisan racial, economic and social justice movement work in Dallas. | $7,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $651 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Urban Alternative Desoto, TX | $25,928,705 | $23,526,113 |
Oral Roberts Evangelistic Association Tulsa, OK | $7,780,573 | $6,644,717 |
World Bible School Incorporated Cedar Park, TX | $7,160,028 | $5,088,787 |
In Search Of The Lords Way Inc Edmond, OK | $2,835,232 | $4,061,102 |
Revelation Media Inc Richardson, TX | $2,417,781 | $2,935,513 |
Shalom Media Usa Inc Edinburg, TX | $2,445,045 | $3,547,883 |
From His Heart Ministries Texarkana, TX | $1,184,995 | $2,170,555 |
Dance Revolution Inc Southlake, TX | $643,476 | $1,970,172 |
Providence Educational Foundation New Orleans, LA | $8,597,784 | $1,490,690 |
Princess Belemzy Ministries Richmond, TX | -$435,408 | $872,865 |
Lifeline Chaplaincy Inc Houston, TX | $1,330,259 | $1,431,821 |
Amazing Grace Life Dallas, TX | $261,073 | $1,201,962 |