Kotzebue Broadcasting Inc
- Assets
- $1.3m
- Revenue
- $641.6k
- Investments
- $0.0
- Employees
- 11
- Location
- Kotzebue, AK
- Founding
- 09/1972
- Data as of
- 06/2022
- EIN
- 92-0041960
Organization Overview
Kotzebue Broadcasting Inc is located in Kotzebue, AK. The organization was established in 1972. 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 06/2022, Kotzebue Broadcasting Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kotzebue Broadcasting 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 06/2022, Kotzebue Broadcasting Inc generated $641.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $615.7k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
KOTZEBUE BROADCASTING, INC'S MISSION IS TO BROADCAST NEWS, ENTERTAINMENT, AND INFORMATION TO RESIDENTS OF NW ALASKA.
Describe the Organization's Program Activity:
KOTZ IS A NON-PROFIT PUBLIC RADIO STATION INCORPORATED TO PROVIDE AND PROMOTE NON-COMMERCIAL, EDUCATIONAL RADIO BROADCASTING IN THE KOTZEBUE REGION OF ALASKA, INCLUDING NEWS, PUBLIC AFFAIRS, AND SPORTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brad Reeve Gm: Retired | Officer | 40 | $33,500 |
Lenora Ward General Mana | Officer | 40 | $31,221 |
Hanna Atkinson President | OfficerTrustee | 1 | $0 |
Margaret Hanson Vice Preside | OfficerTrustee | 1 | $0 |
Elizabeth Ferguson Secretary/tr | OfficerTrustee | 1 | $0 |
Wilbur Karmun Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $3,168 |
| Membership dues | $74,976 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $92,214 |
| All other contributions, gifts, grants, and similar amounts not included above | $347,561 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $517,919 |
| Total Program Service Revenue | $25,956 |
| Investment income | $15 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $25,566 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $71,572 |
| Net Income from Sales of Inventory | $585 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $641,613 |
| 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. | $58,457 |
| Compensation of current officers, directors, key employees. | $25,721 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $217,405 |
| Pension plan accruals and contributions | $969 |
| Other employee benefits | $4,251 |
| Payroll taxes | $23,487 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,660 |
| Fees for services: Accounting | $30,047 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,561 |
| Fees for services: Other | $12,306 |
| Advertising and promotion | $0 |
| Office expenses | $33,416 |
| Information technology | $1,949 |
| Royalties | $0 |
| Occupancy | $76,853 |
| Travel | $3,236 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $772 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $57,094 |
| Insurance | $17,296 |
| All other expenses | $0 |
| Total functional expenses | $615,651 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $681,408 |
| Savings and temporary cash investments | $175,440 |
| 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 | $10,617 |
| Prepaid expenses and deferred charges | $7,183 |
| Net Land, buildings, and equipment | $428,639 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,303,287 |
| Accounts payable and accrued expenses | $55,237 |
| Grants payable | $0 |
| Deferred revenue | $385,837 |
| 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 | $441,074 |
| Net assets without donor restrictions | $862,213 |
| 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 | $1,303,287 |