Civic Intelligence

Genesis Radio Network Inc.

990 • Fiscal year 2023 • EIN 20-2307367

Jan 01, 2023 to Dec 31, 2023 • Filed on May 01, 2024

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

0.30x

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

78th percentile

0.43x

Higher debt load relative to revenue than 78% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

34th percentile

-2.7%

Higher net margin than 34% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

40th percentile

1.1%

Faster asset growth than 40% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

32nd percentile

-3.6%

Faster revenue growth than 32% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets75th percentile

Assets

Up

$1,990,879

Up $21,900 (+1.1%) from 2022

Net Assets

Down

$1,391,956

Down $5,422 (-0.4%) from 2022

Liabilities

Up

$598,923

Up $27,322 (+4.8%) from 2022

Revenue And Expenses
Liabilities / Revenue78th percentileNet Margin34th percentile

Revenue

Down

$1,391,974

Down $52,374 (-3.6%) from 2022

Expenses

Up

$1,429,005

Up $1,460 (+0.1%) from 2022

Net Income

Down

-$37,031

Down $53,834 (-320%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth40th 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

2023

Assets$1,990,879
Liabilities$598,923
Net Assets$1,391,956
Open 2023 Filing

Operations Trend

Revenue Growth32nd 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

2023

Revenue$1,391,974
Expenses$1,429,005
Net Income-$37,031
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 1, 2024
Return Version
2023v5.0
Gross Receipts
$1,391,974
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$1,629,990$1,666,066▲ $36,076
Cash and Non-Interest-Bearing Accounts$145,217$103,304▼ $41,913
Prepaid Expenses and Deferred Charges$34,296$42,546▲ $8,250
Accounts Receivable$1,674$9,358▲ $7,684
Total Assets$1,968,979$1,990,879▲ $21,900
Other Assets Total$157,802$169,605▲ $11,803
Liabilities
Other Liabilities$559,946$592,073▲ $32,127
Accounts Payable and Accrued Expenses$11,655$6,850▼ $4,805
Total Liabilities$571,601$598,923▲ $27,322
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,397,378$1,391,956▼ $5,422
Total Net Assets Fund Balance$1,397,378$1,391,956▼ $5,422
Total Liabilities and Net Assets / Fund Balance$1,968,979$1,990,879▲ $21,900

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$108,966$487,617$340,252
Buildings$12,126$18,186-
Other Land Buildings$1,500,002--
Leasehold Improvements$44,972--
Other Assets Org$136,771--
Compensation and Service Providers
Top Officer Pay39th 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
$1,391,974
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,391,974
Change in Net Assets
$-37,031
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$840,583
Salaries, Compensation, and Employee Benefits$588,422
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$437,136$109,285-$546,421
Fees for Services Legal$269,617$3,204-$272,821
Occupancy$211,374--$211,374
All Other Expenses$138,825$5,659-$144,484
Fees for Services Other$89,072--$89,072
Insurance$66,093--$66,093
Payroll Taxes$33,601$8,400-$42,001
Other Expenses$29,703--$29,703
Office Expenses$17,918$3,369-$21,287
Advertising$3,048--$3,048
Total Functional Expenses$1,299,088$129,917$0$1,429,005
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$131,850
Wells Fargo - Credit Line$47,846
Loan$32,726
marlin bank$22,766
Conexion USA$6,000
Aflac$488
other$397
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
Address
3401 SW 160 Ave Ste 403, Miramar, FL 33027

Signing Officer

Name
Edwin Ortiz
Title
Director
Phone
9548857200
Signed
2024-05-01
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 & Regnault 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 13,860Lease expenses 17,809concert and event 17,376 other expenses 49,309Telecomunications 55,462Auto expenses 7,529Back to school 11,703Christin D clario 2,614Misc Expenses 45,719Total 221,381”

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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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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt6131850
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt76000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Loan
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1marlin bank
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Wells Fargo - Credit Line
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3SBA LOAN 2
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4Aflac
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc5other
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc6SBA LOAN 1
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc7Conexion USA
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01666066
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0169605
IRS990ScheduleD/TotalLiabilityAmt0592073
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 13,860Lease expenses 17,809concert and event 17,376 other expenses 49,309Telecomunications 55,462Auto expenses 7,529Back to school 11,703Christin D clario 2,614Misc Expenses 45,719Total 221,381
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/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01968979
IRS990/TotalAssetsEOYAmt01990879
IRS990/TotalAssetsGrp/BOYAmt01968979
IRS990/TotalAssetsGrp/EOYAmt01990879
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01391974
IRS990/TotalEmployeeCnt017
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0129917
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01299088
IRS990/TotalFunctionalExpensesGrp/TotalAmt01429005
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0571601
IRS990/TotalLiabilitiesEOYAmt0598923
IRS990/TotalLiabilitiesGrp/BOYAmt0571601
IRS990/TotalLiabilitiesGrp/EOYAmt0598923
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01397378
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01391956
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01299088
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01391974
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01968979
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01990879
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt00
IRS990/WhistleblowerPolicyInd0false
IRS990/WrittenPolicyOrProcedureInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd000
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Edwin Ortiz
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Director
ReturnHeader/BusinessOfficerGrp/PhoneNum09548857200
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-05-01
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/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0932019138
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Cordero & Regnault 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/PreparationDt02024-06-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Alfonso Cordero
ReturnHeader/ReturnTs02024-06-12T14:53:37-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Edwin
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Ortiz
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,990,879
Liabilities
$598,923
Net assets
$1,391,956
Revenue
$1,391,974
Expenses
$1,429,005
Net income
-$37,031
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