Civic Intelligence

Genesis Radio Network Inc.

990 • Fiscal year 2020 • EIN 20-2307367

Jan 01, 2020 to Dec 31, 2020 • Filed on Feb 03, 2021

Organization ProfileWWW.LANUEVA883FM.COM
3401 SW 160 Ave Ste 403Miramar, FL 33027

(954) 885-7200

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

75th percentile

0.38x

Higher debt load relative to assets than 75% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

80th percentile

0.65x

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

15th percentile

-22%

Higher net margin than 15% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

37th percentile

1.4%

Faster asset growth than 37% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

21st percentile

-22%

Faster revenue growth than 21% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets75th percentile

Assets

Up

$2,016,166

Up $27,688 (+1.4%) from 2019

Net Assets

Down

$1,241,890

Down $262,354 (-17%) from 2019

Liabilities

Up

$774,276

Up $290,042 (+60%) from 2019

Revenue And Expenses
Liabilities / Revenue80th percentileNet Margin15th percentile

Revenue

Down

$1,191,199

Down $344,994 (-22%) from 2019

Expenses

Down

$1,453,553

Down $48,020 (-3.2%) from 2019

Net Income

Down

-$262,354

Down $296,974 (-858%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth37th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$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

2020

Assets$2,016,166
Liabilities$774,276
Net Assets$1,241,890
Open 2020 Filing

Operations Trend

Revenue Growth21st percentile

Revenue, expenses, and net income across loaded years, with this 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

2020

Revenue$1,191,199
Expenses$1,453,553
Net Income-$262,354
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Feb 3, 2021
Return Version
2020v4.1
Gross Receipts
$1,191,199
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

the Radio Waves 883FM 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$1,878,725$1,937,782▲ $59,057
Cash and Non-Interest-Bearing Accounts$42,537$45,488▲ $2,951
Prepaid Expenses and Deferred Charges$29,952$30,191▲ $239
Accounts Receivable-$2,340-
Inventories for Sale or Use$365$365→ $0
Total Assets$1,988,478$2,016,166▲ $27,688
Other Assets Total$36,899--
Liabilities
Unsecured Notes Loans Payable$384,578$409,687▲ $25,109
Other Liabilities$97,816$364,589▲ $266,773
Accounts Payable and Accrued Expenses$1,840--
Total Liabilities$484,234$774,276▲ $290,042
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,504,244$1,241,890▼ $262,354
Total Net Assets Fund Balance$1,504,244$1,241,890▼ $262,354
Total Liabilities and Net Assets / Fund Balance$1,988,478$2,016,166▲ $27,688

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,532,836--
Equipment$359,974$175,892-
Leasehold Improvements$44,972--
Compensation and Service Providers
Top Officer Pay37th percentile

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$1,191,199
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,191,199
Change in Net Assets
$-262,354
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$742,302
Salaries, Compensation, and Employee Benefits$711,251
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$533,907$34,079-$567,986
All Other Expenses$176,752$10,384-$187,136
Occupancy$175,436$11,198-$186,634
Other Employee Benefits$93,245$5,952-$99,197
Payroll Taxes$41,424$2,644-$44,068
Other Expenses$31,185$1,990-$33,175
Depreciation Depletion$14,536$928-$15,464
Travel$3,777$241-$4,018
Total Functional Expenses$1,367,299$86,254$0$1,453,553
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
Wells Fargo - Credit Line$331,365
Transamerica Ins$22,710
Aflac$9,668
Loan$810
Insurance$36
Payroll Taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
No
Backup withholding compliance
Yes
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 2021, 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
Address
3401 SW 160 Ave Ste 403, Miramar, FL 33027

Signing Officer

Name
Edwin Ortiz
Title
Director
Phone
9548857200
Signed
2021-02-03
Discuss with paid preparer
Yes

Organization Details

Formed
1995
Legal Domicile
Fl
Voting Board Members
5
Independent Board Members
0
Employees
17

Preparer

Firm
Cordero CPA PA
Address
3901 NW 79th Ave Suite 223, Miami, FL 33166
Preparer
Alfonso Cordero
Phone
3055994111
Supplemental Narrative

Additional Explanations

List of other expenses Part IX line 24E

“Professional Fees 146,069 Lease expenses 16,595Other expenses 14,088 Total 176,752”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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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 2021, 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/ExplanationTxt3Professional Fees 146,069 Lease expenses 16,595Other expenses 14,088 Total 176,752
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
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IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
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IRS990/TotalAssetsBOYAmt01988478
IRS990/TotalAssetsEOYAmt02016166
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IRS990/TotalEmployeeCnt017
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt086254
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01367299
IRS990/TotalFunctionalExpensesGrp/TotalAmt01453553
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0484234
IRS990/TotalLiabilitiesEOYAmt0774276
IRS990/TotalLiabilitiesGrp/BOYAmt0484234
IRS990/TotalLiabilitiesGrp/EOYAmt0774276
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01504244
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01241890
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IRS990/TotalProgramServiceExpensesAmt01367299
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01191199
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01988478
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02016166
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IRS990/TravelGrp/TotalAmt04018
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IRS990/VotingMembersIndependentCnt00
IRS990/WhistleblowerPolicyInd0false
IRS990/WrittenPolicyOrProcedureInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0EDWIN ORTIZ
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Director
ReturnHeader/BusinessOfficerGrp/PhoneNum09548857200
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-02-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Genesis Radio Network Inc
ReturnHeader/Filer/BusinessNameControlTxt0GENE
ReturnHeader/Filer/EIN0202307367
ReturnHeader/Filer/USAddress/AddressLine1Txt03401 SW 160 Ave Ste 403
ReturnHeader/Filer/USAddress/CityNm0Miramar
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd033027
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0650334781
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Cordero CPA PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03901 NW 79th Ave Suite 223
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Miami
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd033166
ReturnHeader/PreparerPersonGrp/PhoneNum03055994111
ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Alfonso Cordero
ReturnHeader/ReturnTs02021-11-15T17:05:56-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0EDWIN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0ORTIZ
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,016,166
Liabilities
$774,276
Net assets
$1,241,890
Revenue
$1,191,199
Expenses
$1,453,553
Net income
-$262,354
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.97$0.82$1.15$1.19$1.43$0.24
2023Detailed filing. Detailed filing data is available for this year.$1.99$0.60$1.39$1.39$1.43$0.04
2022Detailed filing. Detailed filing data is available for this year.$1.97$0.57$1.40$1.44$1.43$0.02
2021Detailed filing. Detailed filing data is available for this year.$2.13$0.75$1.38$1.53$1.39$0.14
2020Detailed filing. Detailed filing data is available for this year.$2.02$0.77$1.24$1.19$1.45$0.26
2019Detailed filing. Detailed filing data is available for this year.$1.99$0.48$1.50$1.54$1.50$0.03
2018Detailed filing. Detailed filing data is available for this year.$1.96$0.49$1.47$1.63$1.45$0.18
2016Detailed filing. Detailed filing data is available for this year.$1.93$0.66$1.28$2.11$2.00$0.11
2015Summary only. Only limited summary data is available for this year.$1.89$0.72$1.17$1.90$1.88$0.02
2014Detailed filing. Detailed filing data is available for this year.$2.45$0.73$1.72$1.88$1.80$0.08
2013Detailed filing. Detailed filing data is available for this year.$2.36$0.50$1.86$2.23$2.11$0.12
2012Summary only. Only limited summary data is available for this year.$2.10$0.36$1.75$2.23$2.16$0.07
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.09$0.41$1.68$1.95