Civic Intelligence

National Religious Broadcasters

990 • Fiscal year 2021 • EIN 22-1841274

Jul 01, 2020 to Jun 30, 2021 • Filed on May 16, 2022

660 North Capitol St NW Suite 210Washington, DC 20001

(202) 543-0073

Siviq Scores

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

Liabilities / Assets

90th percentile

0.74x

Higher debt load relative to assets than 90% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

75th percentile

0.37x

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

48th percentile

12%

Higher net margin than 48% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

95th percentile

$305,497

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 7.3% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

93rd percentile

100%

Faster asset growth than 93% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

86th percentile

88%

Faster revenue growth than 86% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$2,114,346

Up $1,056,802 (+100%) from 2020

Net Assets

Up

$547,279

Up $410,933 (+301%) from 2020

Liabilities

Up

$1,567,067

Up $645,869 (+70%) from 2020

Revenue

Up

$4,194,254

Up $1,966,801 (+88%) from 2020

Expenses

Up

$3,710,554

Up $1,571,999 (+74%) from 2020

Net Income

Up

$483,700

Up $394,802 (+444%) from 2020

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MAssets 2010: $3,510,705Liabilities 2010: $2,677,684Net Assets 2010: $833,0212010Assets 2011: $3,042,465Liabilities 2011: $2,494,343Net Assets 2011: $548,1222011Assets 2012: $3,034,511Liabilities 2012: $2,592,085Net Assets 2012: $442,4262012Assets 2013: $2,948,073Liabilities 2013: $2,609,815Net Assets 2013: $338,2582013Assets 2014: $3,149,250Liabilities 2014: $2,752,062Net Assets 2014: $397,1882014Assets 2015: $3,170,666Liabilities 2015: $2,850,577Net Assets 2015: $320,0892015Assets 2016: $1,820,546Liabilities 2016: $1,986,357Net Assets 2016: -$165,8112016Assets 2017: $1,794,084Liabilities 2017: $2,014,984Net Assets 2017: -$220,9002017Assets 2018: $894,148Liabilities 2018: $1,193,058Net Assets 2018: -$298,9102018Assets 2019: $984,496Liabilities 2019: $953,461Net Assets 2019: $31,0352019Assets 2020: $1,057,544Liabilities 2020: $921,198Net Assets 2020: $136,3462020Assets 2021: $2,114,346Liabilities 2021: $1,567,067Net Assets 2021: $547,2792021Assets 2022: $2,281,182Liabilities 2022: $905,523Net Assets 2022: $1,375,6592022Assets 2023: $3,279,474Liabilities 2023: $1,206,733Net Assets 2023: $2,072,7412023Assets 2024: $3,273,622Liabilities 2024: $985,675Net Assets 2024: $2,287,9472024

Highlighted filing

2021

Assets$2,114,346
Liabilities$1,567,067
Net Assets$547,279

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2010: $3,433,413Expenses 2010: $3,435,235Net Income 2010: -$1,8222010Revenue 2011: $3,324,637Expenses 2011: $3,609,536Net Income 2011: -$284,8992011Revenue 2012: $3,252,378Expenses 2012: $3,447,426Net Income 2012: -$195,0482012Revenue 2013: $3,153,532Expenses 2013: $3,352,361Net Income 2013: -$198,8292013Revenue 2014: $3,460,052Expenses 2014: $3,516,570Net Income 2014: -$56,5182014Revenue 2015: $3,599,610Expenses 2015: $3,748,736Net Income 2015: -$149,1262015Revenue 2016: $3,623,995Expenses 2016: $3,938,931Net Income 2016: -$314,9362016Revenue 2017: $3,814,244Expenses 2017: $3,913,373Net Income 2017: -$99,1292017Revenue 2018: $4,099,164Expenses 2018: $4,177,174Net Income 2018: -$78,0102018Revenue 2019: $4,364,020Expenses 2019: $4,097,938Net Income 2019: $266,0822019Revenue 2020: $2,227,453Expenses 2020: $2,138,555Net Income 2020: $88,8982020Revenue 2021: $4,194,254Expenses 2021: $3,710,554Net Income 2021: $483,7002021Revenue 2022: $3,947,116Expenses 2022: $3,118,736Net Income 2022: $828,3802022Revenue 2023: $4,313,414Expenses 2023: $3,616,332Net Income 2023: $697,0822023Revenue 2024: $4,850,537Expenses 2024: $4,460,387Net Income 2024: $390,1502024

Highlighted filing

2021

Revenue$4,194,254
Expenses$3,710,554
Net Income$483,700
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 16, 2022
Return Version
2020v4.0
Gross Receipts
$4,194,254
Mission and Program Overview

Mission

The work of NRB is to proclaim the good news of eternal life through faith in Jesus Christ, to transform the culture through the application of sound biblical teaching, and to preserve religious freedom by keeping the doors of electronic media open for the spread of the Gospel.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$461,714$1,049,545▲ $587,831
Accounts Receivable$46,182$416,829▲ $370,647
Cash and Non-Interest-Bearing Accounts$141,385$374,893▲ $233,508
Land, Buildings, and Equipment, Net$213,689$227,388▲ $13,699
Prepaid Expenses and Deferred Charges$3,591$6,135▲ $2,544
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$1,057,544$2,114,346▲ $1,056,802
Other Assets Total$190,983$39,556▼ $151,427
Liabilities
Accounts Payable and Accrued Expenses$236,653$828,538▲ $591,885
Deferred Revenue$357,245$502,884▲ $145,639
Mortgage Notes Payable Secured by Investment Property$327,300$198,760▼ $128,540
Other Liabilities$0$36,885▲ $36,885
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$921,198$1,567,067▲ $645,869
Net Assets / Fund Balance
Net Assets With Donor Restrictions$273,886$281,145▲ $7,259
Net Assets Without Donor Restrictions$-137,540$266,134▲ $403,674
Total Net Assets Fund Balance$136,346$547,279▲ $410,933
Total Liabilities and Net Assets / Fund Balance$1,057,544$2,114,346▲ $1,056,802

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$227,388$134,315$361,703
Buildings$0$0$0
Other Land Buildings$0$0$0
Land$0-$0
Leasehold Improvements$0$0$0

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$273,886$0▲ $7,259$0$281,145
2019$268,739$0▲ $5,147$0$273,886
2018$255,079$0▲ $13,660$0$268,739
2017$246,865$0▲ $8,214$0$255,079
2016$240,431$0▲ $6,434$0$246,865
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michael KishaVice President of FinanceFT$110,420$22,394$132,814
Troy A MillerC.e.o.PT$25,000$280,497$25,000

Board Members and Trustees

NameTitle
Frank WrightExecutive Committee member and Board Chair
Michael FarrisExecutive Committee member and First Vice Chairman
Roger LonnquistExecutive Committee member and Second Vice Chairman
Art GarzaBoard of Directors member
Bill BlountBoard of Directors member
Bob ButtsBoard of Directors member
Bobby LewisBoard of Directors member
Charles MorrisBoard of Directors member
Collin LambertBoard of Directors member
David SantrellaBoard of Directors member
David YoungBoard of Directors member
Doug MyerBoard of Directors member
Doug WeissBoard of Directors member
Douglas HastingsBoard of Directors member
Douglas ShawBoard of Directors member
Ed CannonBoard of Directors member
Edward AtsingerBoard of Directors member
Erwin LutzerBoard of Directors member
Gordon RobertsonBoard of Directors member
Grace RendallBoard of Directors member
Greg BogdanBoard of Directors member
Greg FastBoard of Directors member
Jennifer HaydenBoard of Directors member
Jerry RoseBoard of Directors member
Jim SandersBoard of Directors member
John AnkerbergBoard of Directors member
John FullerBoard of Directors member
John SorensenBoard of Directors member
Jon FuglerBoard of Directors member
Joni Eareckson TadaBoard of Directors member
Joseph BattagliaBoard of Directors member
Larry RossBoard of Directors member
Lauren LibbyBoard of Directors member
Michael FabarezBoard of Directors member
Michael LittleBoard of Directors member
Michael MurrayBoard of Directors member
Michael ShelleyBoard of Directors member
Nev LarsonBoard of Directors member
Paul MartinBoard of Directors member
Paul VirtsBoard of Directors member
Phil CookeBoard of Directors member
Phillip BowenBoard of Directors member
Randy WeissBoard of Directors member
Rich BottBoard of Directors member
Richard LandBoard of Directors member
Robby BaehrBoard of Directors member
Robert LepineBoard of Directors member
Robert McFarlandBoard of Directors member
Roger KempBoard of Directors member
Russell HauthBoard of Directors member
Star ParkerBoard of Directors member
Stuart Epperson JrBoard of Directors member
Stuart Epperson SrBoard of Directors member
Theodore BaehrBoard of Directors member
Thomas McCabeBoard of Directors member
Tom HayesBoard of Directors member
Tom SteiglemanBoard of Directors member
Tony EvansBoard of Directors member
Wayne PedersonBoard of Directors member
Wayne ShepherdBoard of Directors member
Wes WardBoard of Directors member
Debra FraserExecutive Committee and Board of Directors member
Jack HibbardExecutive Committee and Board of Directors member
Jamey SchmitzExecutive Committee and Board of Directors member
Tim McDermottExecutive Committee and Board of Directors member
Tony HartExecutive Committee and Board of Directors member
Sharon GeigerExecutive Committee member and Secretary
Brett LarsonExecutive Committee member and Treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Fletcher Heald and Hildreth PLCLegal1300 North 17th Street 11th Fl, Arlington, VA 22209$240,541
Revenue and Support

Revenue Composition

Contributions and Grants
$995,618
Program Service Revenue
$2,436,052
Investment Income
$7,301
Other Revenue
$755,283
All Other Contributions
$668,318
Change in Net Assets
$483,700

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,194,254
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$4,194,254
Total Revenue per Form 990
$4,194,254
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,460,376
Salaries, Compensation, and Employee Benefits$1,093,378
Grants and Similar Amounts Paid$156,800
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$624,673$251,122$0$875,795
Conferences and Meetings$716,819$0$0$716,819
Fees for Services Legal$573,351$0$0$573,351
Advertising$408,492$3,229$0$411,721
Occupancy$150,356$90,082$0$240,438
Grants to Domestic Orgs$156,800--$156,800
Office Expenses$44,716$87,772$0$132,488
Other Employee Benefits$51,869$27,799$0$79,668
Current Officers, Directors, Trustees, and Key Employees$0$55,000$0$55,000
Travel$41,117$13,787$0$54,904
Payroll Taxes$34,098$16,213$0$50,311
Fees for Services Lobbying$42,000$0$0$42,000
Information Technology$2,857$38,019$0$40,876
Fees for Services Accounting$0$40,786$0$40,786
Fees for Services Other$35,293$403$0$35,696
Pension Plan Contributions$15,703$16,901$0$32,604
Depreciation Depletion$18,963$11,361$0$30,324
Other Expenses$3,345$12,906$0$16,251
Interest$0$7,212$0$7,212
Total Functional Expenses$2,920,452$790,102$0$3,710,554

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,710,554
Total Expenses per Audited Statements$3,710,554
Total Expenses per Form 990$3,710,554
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Other Expense Adjustments$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
NRB Network IncNashville, TN501 (c) (3)Payroll Protection Program funds$156,800
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred rent payable$36,885
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

The following are family relationships on the NRB Board of Directors as of 6/30/2021: 1. Edward Atsinger -Stuart Epperson, Sr. 2. Robby Baehr -Theodore Baehr 3. Stuart Epperson, Jr.-Stuart Epperson, Sr. 4. Brett Larson- Nevin Larson

Form 990, Part VI, Section A, Line 6

From NRB Constitution and Bylaws: ARTICLE III - Membership SECTION 1. Membership shall consist of individuals and organizations who, as determined by the discretion and by election of the Board of Directors or its Executive Committee, (a) are associated with the field of Christian broadcasting; (b) accept and comply with the NRB Statement of Faith as set forth in Appendix A; (c) accept and comply with the Code of Ethics set forth in Appendix B; (d) agree to be bound by the NRB Constitution and Bylaws, and specifically including the agreement under the Bylaws to pursue Christian arbitration as the sole remedy against NRB in the event of a disagreement with a final decision on a matter of membership termination, and a waiver of any rights the applicant may have to resort to a court of law against NRB for redress regarding issues of membership or discipline; and (e) complete all application and other requirements as prescribed by the Board.

Form 990, Part VI, Section A, Line 7A

From NRB Constitution and Bylaws: ARTICLE VI - Membership Meetings SECTION 1. Annual. An annual meeting of the members shall be held during the first five months of the calendar year, at such time and place as shall be fixed by the Executive Committee. The Secretary shall oversee the sending of written notice of the time and place of the annual meeting to each member not less than six months in advance of the meeting. At such meeting the officers and Directors of NRB shall be elected, and there shall be transacted any other business that may be properly and legally presented.

Form 990, Part VI, Section B, Line 11B

The Form 990 is first sent to the CPA firm who performs the annual audit of the organization's annual financial statements for their review. It is then given to the NRB Executive Committee and the CEO who performs a final review. The CEO then signs the Form 990 which is then filed with the IRS.

Form 990, Part VI, Section B, Line 12C

NRB requires all officers and board members to annually complete and sign a conflict of interest questionnaire. The board chair is responsible for reviewing the signed statements and ensuring that interested persons are in compliance with the conflict of interest policy. Should any potential conflicts of interest be disclosed, the board member or officer would be asked to refrain from participation in any deliberation or decision with regard to matters affected by the relationship.

Form 990, Part VI, Section B, Line 15

When considering the total compensation of the NRB CEO, the Compensation Subcommittee of the Audit Committee met and reviewed multiple sources of compensation comparability data. After review, the Audit Committee presented its recommendations to the NRB Executive Committee for approval. Executive Committee action took place in Executive Session during its regularly scheduled meeting which is documented in the minutes that are taken.

Form 990, Part VI, Section C, Line 19

National Religious Broadcasters makes its governing documents, conflicts of interest policy, and financial statements available to the public upon request. If an e-mail address is provided, these documents are sent to the e-mail address with delivery confirmation requested. If a mailing address is provided, these documents are sent via certified US mail with a return receipt requested.

Filing and Contact Details

Filer

Filer Name
National Religious Broadcasters
EIN
22-1841274
Phone
2025430073
Address
660 North Capitol St NW Suite 210, Washington, DC 20001
Doing Business As
Nrb

Signing Officer

Name
Troy A Miller
Title
CEO
Phone
2025430073
Signed
2022-05-16

Organization Details

Principal Officer
Troy A Miller
Formed
1944
Legal Domicile
Dc
Voting Board Members
68
Independent Board Members
68
Employees
23
Volunteers
82
Supplemental Narrative

Financial Statement Notes

Schedule D, Part V, Line 4

Net assets with donor-imposed stipulations requiring that the principal be invested in perpetuity and the investment income only be used for legal defense activities.

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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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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.27$0.99$2.29$4.85$4.46$0.39
2023Summary only. Only limited summary data is available for this year.$3.28$1.21$2.07$4.31$3.62$0.70
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.28$0.91$1.38$3.95$3.12$0.83
2021Detailed filing. Detailed filing data is available for this year.$2.11$1.57$0.55$4.19$3.71$0.48
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.06$0.92$0.14$2.23$2.14$0.09
2019Summary only. Only limited summary data is available for this year.$0.98$0.95$0.03$4.36$4.10$0.27
2018Summary only. Only limited summary data is available for this year.$0.89$1.19$0.30$4.10$4.18$0.08
2017Summary only. Only limited summary data is available for this year.$1.79$2.01$0.22$3.81$3.91$0.10
2016Summary only. Only limited summary data is available for this year.$1.82$1.99$0.17$3.62$3.94$0.31
2015Summary only. Only limited summary data is available for this year.$3.17$2.85$0.32$3.60$3.75$0.15
2014Summary only. Only limited summary data is available for this year.$3.15$2.75$0.40$3.46$3.52$0.06
2013Summary only. Only limited summary data is available for this year.$2.95$2.61$0.34$3.15$3.35$0.20
2012Summary only. Only limited summary data is available for this year.$3.03$2.59$0.44$3.25$3.45$0.20
2011Summary only. Only limited summary data is available for this year.$3.04$2.49$0.55$3.32$3.61$0.28
2010Summary only. Only limited summary data is available for this year.$3.51$2.68$0.83$3.43$3.44$0.00
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2021 filings • 501(c)3 • $1M-$5M nonprofits