Civic Intelligence

Genesis Radio Network Inc

EIN 20-2307367 • 501(c)3 • Miramar, FL

Profile

the Radio Waves 883 FM offering educational alternative music in Miami Florida broadcast 24 hours a day seven days a week

3401 SW 160 Ave Ste 403Miramar, FL 33027

www.lanueva883fm.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

80th percentile

0.42x

Higher debt load relative to assets than 80% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

84th percentile

0.69x

Higher debt load relative to revenue than 84% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

15th percentile

-20%

Higher net margin than 15% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

35th percentile

-0.8%

Faster asset growth than 35% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

18th percentile

-15%

Faster revenue growth than 18% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$1,974,346

Down $16,533 (-0.8%) from 2023

Liabilities

Up

$820,801

Up $221,878 (+37%) from 2023

Net Assets

Down

$1,153,545

Down $238,411 (-17%) from 2023

Revenue

Down

$1,188,311

Down $203,663 (-15%) from 2023

Expenses

Down

$1,426,698

Down $2,307 (-0.2%) from 2023

Net Income

Down

-$238,387

Down $201,356 (-544%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0Assets 2011: $2,089,039Liabilities 2011: $409,634Net Assets 2011: $1,679,4052011Assets 2012: $2,104,200Liabilities 2012: $357,911Net Assets 2012: $1,746,2892012Assets 2013: $2,363,400Liabilities 2013: $498,691Net Assets 2013: $1,864,7092013Assets 2014: $2,449,137Liabilities 2014: $733,655Net Assets 2014: $1,715,4822014Assets 2015: $1,892,535Liabilities 2015: $723,637Net Assets 2015: $1,168,8982015Assets 2016: $1,932,630Liabilities 2016: $655,777Net Assets 2016: $1,276,8532016Assets 2018: $1,957,238Liabilities 2018: $487,614Net Assets 2018: $1,469,6242018Assets 2019: $1,988,478Liabilities 2019: $484,234Net Assets 2019: $1,504,2442019Assets 2020: $2,016,166Liabilities 2020: $774,276Net Assets 2020: $1,241,8902020Assets 2021: $2,132,560Liabilities 2021: $751,985Net Assets 2021: $1,380,5752021Assets 2022: $1,968,979Liabilities 2022: $571,601Net Assets 2022: $1,397,3782022Assets 2023: $1,990,879Liabilities 2023: $598,923Net Assets 2023: $1,391,9562023Assets 2024: $1,974,346Liabilities 2024: $820,801Net Assets 2024: $1,153,5452024

Highlighted filing

2024

Assets$1,974,346
Liabilities$820,801
Net Assets$1,153,545

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $1,949,1592011Revenue 2012: $2,225,692Expenses 2012: $2,158,808Net Income 2012: $66,8842012Revenue 2013: $2,229,560Expenses 2013: $2,113,135Net Income 2013: $116,4252013Revenue 2014: $1,882,757Expenses 2014: $1,799,900Net Income 2014: $82,8572014Revenue 2015: $1,899,043Expenses 2015: $1,877,564Net Income 2015: $21,4792015Revenue 2016: $2,112,729Expenses 2016: $2,000,161Net Income 2016: $112,5682016Revenue 2018: $1,629,719Expenses 2018: $1,450,270Net Income 2018: $179,4492018Revenue 2019: $1,536,193Expenses 2019: $1,501,573Net Income 2019: $34,6202019Revenue 2020: $1,191,199Expenses 2020: $1,453,553Net Income 2020: -$262,3542020Revenue 2021: $1,527,143Expenses 2021: $1,388,458Net Income 2021: $138,6852021Revenue 2022: $1,444,348Expenses 2022: $1,427,545Net Income 2022: $16,8032022Revenue 2023: $1,391,974Expenses 2023: $1,429,005Net Income 2023: -$37,0312023Revenue 2024: $1,188,311Expenses 2024: $1,426,698Net Income 2024: -$238,3872024

Highlighted filing

2024

Revenue$1,188,311
Expenses$1,426,698
Net Income-$238,387

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 25, 2025
Return Version
2024v5.2
Gross Receipts
$1,188,311
Mission and Program Overview

Mission

the Radio Waves 883 FM offering educational alternative music in Miami Florida broadcast 24 hours a day seven days a week

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,666,066$1,668,038▲ $1,972
Cash and Non-Interest-Bearing Accounts$103,304$89,008▼ $14,296
Prepaid Expenses and Deferred Charges$42,546$47,046▲ $4,500
Accounts Receivable$9,358--
Total Assets$1,990,879$1,974,346▼ $16,533
Other Assets Total$169,605$170,254▲ $649
Liabilities
Other Liabilities$592,073$820,801▲ $228,728
Accounts Payable and Accrued Expenses$6,850--
Total Liabilities$598,923$820,801▲ $221,878
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,391,956$1,153,545▼ $238,411
Total Net Assets Fund Balance$1,391,956$1,153,545▼ $238,411
Total Liabilities and Net Assets / Fund Balance$1,990,879$1,974,346▼ $16,533

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$108,966$487,617$340,252
Buildings$10,980$24,027$4,695
Leasehold Improvements$48,090-$3,118
Other Land Buildings$1,500,002--
Other Assets Org$559--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Carlos FerreiraDirector
Edwin L OrtizDirector
Lemuel OrtizDirector
Maria ArroyoDirector
Mauricio QuintanaDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$1,168,024
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$20,287
All Other Contributions
$1,168,024
Change in Net Assets
$-238,387
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$909,441
Salaries, Compensation, and Employee Benefits$517,257
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$469,805$10,600-$480,405
Fees for Services Legal$359,927--$359,927
Occupancy$203,560--$203,560
All Other Expenses$140,744$57,946-$198,690
Insurance$51,756$51,322-$103,078
Payroll Taxes$36,751$101-$36,852
Other Expenses$18,489$2,103-$18,489
Depreciation Depletion$5,841--$5,841
Advertising$3,162--$3,162
Travel$2,554--$2,554
Total Functional Expenses$1,304,626$122,072$0$1,426,698
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
SBA Loan 2$350,000
SBA Loan 1$123,450
Loan The Ward Law G$100,000
Loan Other$76,911
Wells Fargo Credit Line$50,143
Payroll Liabilities$37,205
M Castano loan$30,000
Conexion Usa$24,000
Loan Olga Grothe$20,000
Marlin Bank Loan$7,796
Cafetria Plans$488
Legal Services$371
Gap Insurance$246
Suta$95
Hospital Insurance$36
Vision United Healthcare$30
Nissan Lease Gerencia$30
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Officer directors etc family relationship Part VI line 2

2. Yes, The President and Vice-President of the organization are husband and wife. They were founders of the organization

Form 990 governing body review Part VI line 11

The Form 990 was distributed to board members before March 2 2023, meeting and discussed at that meeting. It was then filed after meeting.

Governing documents etc available to public Part VI line 19

Genesis Broadcasting maintains copies of the Form 990 And are available to the public upon request

Filing and Contact Details

Filer

Filer Name
Genesis Radio Network Inc
EIN
20-2307367
In Care Of
% Edwin Ortiz
Phone
9544317490
Address
3401 SW 160 Ave Ste 403, Miramar, FL 33027

Signing Officer

Name
Edwin Ortiz
Title
Director
Phone
9548857200
Signed
2025-04-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Edwin L Ortiz
Formed
1995
Legal Domicile
Fl
Voting Board Members
5
Independent Board Members
0
Employees
17

Preparer

Firm
Cordero CPA PA
Address
7950 NW 53rd St Suite 245, Miami, FL 33166
Preparer
Alfonso Cordero
Phone
3055994111
Supplemental Narrative

Additional Explanations

List of other expenses Part IX line 24E

Suplies 13,860 Lease expenses 17,809 concert and event 17,376 other expenses 49,309 Telecomunications 55,462 Auto expenses 7,529 Back to school 11,703 Christin D clario 2,614 Misc Expenses 45,719

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IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Exchange
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3Proteccion Funeraria Assure
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4Dental United Healthcare
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01500002
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt01500002
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt037205
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt136
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt295
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt330
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt4371
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt550143
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt6100000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt720000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt8123450
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt97796
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1024000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1130000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt12350000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1376911
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt14488
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt15246
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1630
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Payroll Liabilities
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Hospital Insurance
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2SUTA
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3Vision United Healthcare
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4Legal Services
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc5Wells Fargo Credit Line
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc6Loan The Ward Law G
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc7Loan Olga Grothe
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc8SBA Loan 1
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc9Marlin Bank Loan
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc10Conexion Usa
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc11M Castano loan
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc12SBA Loan 2
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc13Loan Other
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc14Cafetria Plans
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc15Gap Insurance
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc16Nissan Lease Gerencia
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01668038
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0170254
IRS990ScheduleD/TotalLiabilityAmt0820801
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt02. Yes, The President and Vice-President of the organization are husband and wife. They were founders of the organization
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Form 990 was distributed to board members before March 2 2023, meeting and discussed at that meeting. It was then filed after meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Genesis Broadcasting maintains copies of the Form 990 And are available to the public upon request
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Suplies 13,860 Lease expenses 17,809 concert and event 17,376 other expenses 49,309 Telecomunications 55,462 Auto expenses 7,529 Back to school 11,703 Christin D clario 2,614 Misc Expenses 45,719
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Officer directors etc family relationship Part VI line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3List of other expenses Part IX line 24e
IRS990/SchoolOperatingInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01990879
IRS990/TotalAssetsEOYAmt01974346
IRS990/TotalAssetsGrp/BOYAmt01990879
IRS990/TotalAssetsGrp/EOYAmt01974346
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01168024
IRS990/TotalEmployeeCnt017
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0122072
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01304626
IRS990/TotalFunctionalExpensesGrp/TotalAmt01426698
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0598923
IRS990/TotalLiabilitiesEOYAmt0820801
IRS990/TotalLiabilitiesGrp/BOYAmt0598923
IRS990/TotalLiabilitiesGrp/EOYAmt0820801
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01391956
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01153545
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01304626
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt020287
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01188311
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01990879
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01974346
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/ProgramServicesAmt02554
IRS990/TravelGrp/TotalAmt02554
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03900 SW 186 Way
IRS990/USAddress/CityNm0Hollywood
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd033029
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt00
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0EDWIN ORTIZ
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Director
ReturnHeader/BusinessOfficerGrp/PhoneNum09548857200
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-04-25
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Genesis Radio Network Inc
ReturnHeader/Filer/BusinessNameControlTxt0GENE
ReturnHeader/Filer/EIN0202307367
ReturnHeader/Filer/InCareOfNm0% Edwin Ortiz
ReturnHeader/Filer/PhoneNum09544317490
ReturnHeader/Filer/USAddress/AddressLine1Txt03401 SW 160 Ave Ste 403
ReturnHeader/Filer/USAddress/CityNm0Miramar
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd033027
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0932019138
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Cordero CPA PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt07950 NW 53rd St Suite 245
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Miami
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd033166
ReturnHeader/PreparerPersonGrp/PhoneNum03055994111
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-04
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ALFONSO CORDERO
ReturnHeader/ReturnTs02025-11-04T11:24:08-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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