Sacred Heart Radio Incorporated
- Assets
- $1.1m
- Revenue
- $783.5k
- Investments
- $0.0
- Employees
- 8
- Location
- Kirkland, WA
- Founding
- 08/1999
- Data as of
- 12/2021
- EIN
- 91-1981990
Organization Overview
Sacred Heart Radio Incorporated is located in Kirkland, WA. The organization was established in 1999. 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, Sacred Heart Radio Incorporated employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sacred Heart Radio Incorporated 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, Sacred Heart Radio Incorporated generated $783.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $663.7k during the year ending 12/2021. 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
THE MISSION OF SACRED HEART RADIO INC IS TO PROVIDE CATHOLIC RADIO PROGRAMING AND BROADCASTING IN THE PACIFIC NORTHWEST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CATHOLIC RADIO PROGRAMING AND BROADCASTING.
CATHOLIC RADIO PROGRAMING AND BROADCASTING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronald R Belter President | OfficerTrustee | 45 | $89,277 |
Michele Ahearn Secretary | OfficerTrustee | $0 | |
Theresa Ferguson Treasurer | OfficerTrustee | $0 | |
Joy Beal Board Member | Trustee | 2 | $0 |
Steve Heidenreich Board Member | Trustee | 2 | $0 |
Bill Swedberg Board Member | Trustee | $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 | $748,812 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $748,812 |
| Total Program Service Revenue | $0 |
| Investment income | $9 |
| 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 | $783,486 |
| 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 | $135,498 |
| Pension plan accruals and contributions | $18,506 |
| Other employee benefits | $2,354 |
| Payroll taxes | $12,347 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,450 |
| Fees for services: Accounting | $7,614 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $8,300 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,065 |
| Advertising and promotion | $20,254 |
| Office expenses | $24,200 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $94,380 |
| Travel | $2,998 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | -$3,145 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $78,551 |
| Insurance | $25,581 |
| All other expenses | $33,804 |
| Total functional expenses | $663,734 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $320,214 |
| Savings and temporary cash investments | $94,449 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | -$2,498 |
| 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 | $0 |
| Net Land, buildings, and equipment | $191,496 |
| Investments—publicly traded securities | $588 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $471,279 |
| Other assets | $0 |
| Total assets | $1,075,528 |
| Accounts payable and accrued expenses | $7,395 |
| 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 | $161,189 |
| Total liabilities | $168,584 |
| Net assets without donor restrictions | $906,944 |
| 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 | $1,075,528 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Sacred Heart Radio Incorporated has recieved totaling $8,395.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $7,276 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $931 |
Lumen Clarke M Williams Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $188 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Knom Radio Mission Inc Anchorage, AK | $3,448,450 | $1,482,530 |
Edgewater Broadcasting Inc Twin Falls, ID | $418,217 | $647,950 |
Salt & Light Radio Inc Boise, ID | $1,220,555 | $1,067,988 |
Sacred Heart Radio Incorporated Kirkland, WA | $1,075,528 | $783,486 |
Joy Media Ministries Glennallen, AK | $1,230,872 | $545,028 |
247 Media Ministries Wilsonville, OR | $231,680 | $557,665 |
Radio Mv U-Turn Ministry Mount Vernon, WA | $343,380 | $666,687 |
Final Fight Bible Radio Eagle, ID | $18,129 | $180,864 |
Holy Spirit Sanctifier Catholic Radio Walla Walla, WA | $116,090 | $0 |
Great Awakening Productions Bellingham, WA | $12,146 | $0 |
Safe Harbor Broadcasting Homer, AK | $1,110 | $13,798 |
Wordcaster Inc Medford, OR | $90,674 | $20,000 |