Civic Intelligence

Salt Pond Community Broadcasting Company

990 • Fiscal year 2017 • EIN 22-2513428

Jan 01, 2017 to Dec 31, 2017 • Filed on May 11, 2018

PO Box 170East Orland, ME 04431

(207) 469-6600

Siviq Scores

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

Liabilities / Assets

73rd percentile

0.22x

Higher debt load relative to assets than 73% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

73rd percentile

0.18x

Higher debt load relative to revenue than 73% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

26th percentile

-5.4%

Higher net margin than 26% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

63rd percentile

$45,122

Higher top officer pay than 63% of similar nonprofits.

Top officer pay equals 8.6% of source-year revenue.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

30th percentile

-2.8%

Faster asset growth than 30% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

35th percentile

-1.7%

Faster revenue growth than 35% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Assets

Down

$425,883

Down $12,144 (-2.8%) from 2016

Net Assets

Down

$333,668

Down $20,806 (-5.9%) from 2016

Liabilities

Up

$92,215

Up $8,662 (+10%) from 2016

Revenue

Down

$523,088

Down $8,870 (-1.7%) from 2016

Expenses

Down

$551,584

Down $40,485 (-6.8%) from 2016

Net Income

Up

-$28,496

Up $31,615 (+53%) from 2016

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2010: $475,821Liabilities 2010: $107,920Net Assets 2010: $367,9012010Assets 2011: $535,766Liabilities 2011: $112,755Net Assets 2011: $423,0112011Assets 2012: $560,683Liabilities 2012: $102,387Net Assets 2012: $458,2962012Assets 2013: $541,451Liabilities 2013: $96,206Net Assets 2013: $445,2452013Assets 2014: $511,735Liabilities 2014: $88,202Net Assets 2014: $423,5332014Assets 2015: $496,865Liabilities 2015: $80,775Net Assets 2015: $416,0902015Assets 2016: $438,027Liabilities 2016: $83,553Net Assets 2016: $354,4742016Assets 2017: $425,883Liabilities 2017: $92,215Net Assets 2017: $333,6682017Assets 2018: $371,278Liabilities 2018: $67,061Net Assets 2018: $304,2172018Assets 2019: $330,170Liabilities 2019: $55,575Net Assets 2019: $274,5952019Assets 2020: $476,685Liabilities 2020: $116,491Net Assets 2020: $360,1942020Assets 2021: $732,028Liabilities 2021: $227,778Net Assets 2021: $504,2502021Assets 2022: $657,309Liabilities 2022: $185,226Net Assets 2022: $472,0832022Assets 2023: $599,223Liabilities 2023: $150,355Net Assets 2023: $448,8682023

Highlighted filing

2017

Assets$425,883
Liabilities$92,215
Net Assets$333,668

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2010: $605,9522010Expenses 2011: $615,7182011Expenses 2012: $609,9882012Revenue 2013: $598,833Expenses 2013: $617,766Net Income 2013: -$18,9332013Revenue 2014: $584,641Expenses 2014: $607,261Net Income 2014: -$22,6202014Revenue 2015: $623,075Expenses 2015: $628,578Net Income 2015: -$5,5032015Revenue 2016: $531,958Expenses 2016: $592,069Net Income 2016: -$60,1112016Revenue 2017: $523,088Expenses 2017: $551,584Net Income 2017: -$28,4962017Revenue 2018: $532,784Expenses 2018: $558,497Net Income 2018: -$25,7132018Revenue 2019: $537,378Expenses 2019: $575,278Net Income 2019: -$37,9002019Revenue 2020: $661,345Expenses 2020: $578,845Net Income 2020: $82,5002020Revenue 2021: $749,368Expenses 2021: $615,577Net Income 2021: $133,7912021Revenue 2022: $612,789Expenses 2022: $632,620Net Income 2022: -$19,8312022Revenue 2023: $666,503Expenses 2023: $699,280Net Income 2023: -$32,7772023

Highlighted filing

2017

Revenue$523,088
Expenses$551,584
Net Income-$28,496
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 11, 2018
Return Version
2017v2.2
Gross Receipts
$523,088
Mission and Program Overview

Mission

WERU Community Radio is an independent, noncommercial, educational media organization. WERU engages with the local community to provide diverse music, independent news, public affairs and cultural content that connects, informs, and inspires.

To engage with the community to provide diverse music, entertainment and alternative news and public affairs programming, with emphasis on local people, issues and cultures.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$275,860$264,450▼ $11,410
Investments in Publicly Traded Securities$52,512$57,872▲ $5,360
Prepaid Expenses and Deferred Charges$30,799$33,434▲ $2,635
Pledges and Grants Receivable$32,072$32,132▲ $60
Cash and Non-Interest-Bearing Accounts$11,892$14,674▲ $2,782
Savings and Temporary Cash Investments$22,112$13,623▼ $8,489
Intangible Assets$9,373$8,769▼ $604
Accounts Receivable$3,407$929▼ $2,478
Total Assets$438,027$425,883▼ $12,144
Liabilities
Accounts Payable and Accrued Expenses$39,391$37,385▼ $2,006
Deferred Revenue$25,853$31,889▲ $6,036
Mortgage Notes Payable Secured by Investment Property$18,309$22,941▲ $4,632
Total Liabilities$83,553$92,215▲ $8,662
Net Assets / Fund Balance
Unrestricted Net Assets$228,697$215,634▼ $13,063
Temporarily Rstr Net Assets$100,777$93,034▼ $7,743
Permanently Rstr Net Assets$25,000$25,000→ $0
Total Net Assets Fund Balance$354,474$333,668▼ $20,806
Total Liabilities and Net Assets / Fund Balance$438,027$425,883▼ $12,144

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$97,400$662,278$759,678
Equipment$112,664$253,737$366,401
Buildings$42,946$150,551$193,497
Land$11,440-$11,440

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$52,512-▲ $7,690$2,330$57,872
2016$56,377-▼ $1,505$2,360$52,512
2015$60,588-▼ $1,941$2,270$56,377
2014$60,371-▲ $3,235$2,130$60,588
2013$54,736-▲ $8,404$2,070$60,371
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Matthew MurphyGeneral ManagerFT$43,098$2,024$45,122

Board Members and Trustees

NameTitle
Lynn SoucyPresident
Pat PughVice President
Jeff BurnhamDirector
Kate HarrisDirector
Michael DonahueDirector
Starr GilmartinDirector
Jon Van AmringeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$515,017
Program Service Revenue
$0
Investment Income
$12
Other Revenue
$8,059
All Other Contributions
$247,298
Change in Net Assets
$-28,496

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table3,592$35,920Estimated retail
Total Noncash Contributions3,592$35,920-

Audited Revenue Reconciliation

Revenue per Audited Statements
$523,088
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$57,763
Total Revenue per Audited Statements
$580,851
Total Revenue per Form 990
$523,088
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$303,653
Other Expenses$247,931
Total Fundraising Expense$85,617
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$94,521$60,914$54,612$210,047
Depreciation Depletion$70,415--$70,415
Current Officers, Directors, Trustees, and Key Employees$19,395$12,498$11,205$43,098
Other Employee Benefits$13,859$8,932$8,008$30,799
Office Expenses$3,271$18,029$1,047$22,347
Payroll Taxes$8,869$5,716$5,124$19,709
Information Technology$17,139$172$154$17,465
Fees for Services Other-$12,716-$12,716
All Other Expenses-$9,851$1,750$11,601
Other Expenses$10,211$316-$10,527
Occupancy$3,278$5,582-$8,860
Insurance$6,883--$6,883
Advertising--$3,203$3,203
Interest$1,491$1,492-$2,983
Travel--$514$514
Total Functional Expenses$328,400$137,567$85,617$551,584

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$601,657
Expenses per Audited Statements$551,584
Total Expenses per Form 990$551,584
Expenses Not Reported on Form 990$50,073
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$2,550
Fundraising Direct Expenses$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
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 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
Yes
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 B, line 11B

1. The outside auditor will prepare the 990 following the completion of the annual audit. 2. The Finance Committee will review the completed 990 and recommend it to the Board for approval (after addressing with the auditor any changes it deems necessary). 3. Board Members will have the opportunity to review the completed 990 and will approve it at its next meeting. 4. The Board President will sign the 990 and see that it is filed promptly with the IRS.

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

Each member of the WERU Board of Directors will file a letter at the annual business meeting disclosing whether they have a conflict of interest and may need to recues them self from voting on issues relating to that conflict. All members of the WERU Board of Directors resolve that no director will participate in any discussion or vote on any matter in which she/he or a member of her/his immediate family has potential conflict of interest due to having material economic involvement regarding the matter being discussed. If a conflict of interest presents itself at another time during the year, the director must announce her/his potential conflict, disqualify herself/himself, and be excused from the meeting until discussion is over on the matter involved. The president of the WERU Board of Directors is expected to make inquiry if such conflict appears to exist and the board member has not made it known.

Form 990, Part VI, Section B, line 15

General Manager - The General Manager has a review/evaluation on a yearly basis by the Board of Directors via the personnel committee. The evaluation is documented and placed in the employee's file. Those individuals who provide the evaluation are independent of the General Manager and of his/her authority. Pay of the General Manager is not compared in any fashion and is based on performance and financial constraints of the station. Other Employees - Other employees are first evaluated after their first six months of service and then yearly thereafter by the General Manager. The General Manager will consult with the Personnel Committee prior to conducting employee evaluations. Regular reports concerning evaluations will be given to the Personnel Committee and copies placed in the employee's permanent file. Wages are not compared, but are based on individual employee performance and any financial constraints of the station.

Form 990, Part VI, Section C, line 19

WERU's general policy of disclosing its governing documents is upon request.

Filing and Contact Details

Filer

Filer Name
Salt Pond Community Broadcasting Co
EIN
22-2513428
Phone
2074696600
Address
PO BOX 170, EAST ORLAND, ME 04431

Signing Officer

Name
Lynn Soucy
Title
President
Phone
2074696600
Signed
2018-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lynn Soucy
Formed
1984
Legal Domicile
Me
Voting Board Members
8
Independent Board Members
8
Employees
7
Volunteers
250

Preparer

Firm
Macpage LLC
Address
30 Long Creek Drive, South Portland, ME 04106
Preparer
Patrick Nicholas
Phone
2077745701
Supplemental Narrative

Financial Statement Notes

Part V, Line 4:

See Part XIII

Part XI, Line 2D - Other Adjustments:

Fundraising event expense

Part XII, Line 2D - Other Adjustments:

Fundraising event expense

Part V, Line 4

In 2010, Salt Pond Community Broadcasting partnered with the Maine Community Foundation to establish an endowment to help support WERU's operating needs. The agreement calls for each Organization to contribute $25,000. Salt Pond's funding portion is treated as board designated and the Maine Community Foundation's is treated as permanently restricted. Income earned from the endowment can be used at Salt Pond's board discretion.

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IRS990/Desc0Salt Pond Community Broadcasting operates WERU-FM Community Radio, which provides music, news and public affairs, and other cultural content. Programming ranges from diverse music (50 genres) to national headline news (5 prime time hours per week) to local listener call-in programs (18). WERU meets a need in our region for an independent, community-based source of entertainment and information. The key to these diverse offerings is another important aspect of WERU, which is the commitment of 250 volunteers to serve as broadcasters and behind-the-scenes workers who reflect the local community. Volunteers receive free training and no prior experience is necessary.WERU's music programming provides citizens of Maine with a wide span of opportunities to learn about diverse forms of music and culture, creating a cross pollination of listener's interests and ideas. Each week, WERU broadcasts a dizzying array of Zydeco, Gospel, Jazz, Folk, Indie Rock, Blues, and Reggae, just to name a few.WERU's highly respected local and national news and public affairs programming provides listeners with opportunities to interact through call-in programs with a wide variety of topics and people. Topics associated with economic development, education, maritime issues, Native American issues and public health are just a few examples of the width and depth of our local public affairs.2,100 individual and household members and 400 local businesses support WERU, amounting to over 70% of annual income. WERU receives 20% of its financial support from the Corporation for Public Broadcasting, having met rigorous guidelines for community involvement and local support WERU's broadcast signal reaches a potential audience of 200,000 people in Midcoast, Downeast and Central Maine. WERU broadcasts 24 hours per day, 365 days per year, both over the airwaves and on the Internet. The radio station was founded in 1988.
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IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt018309
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt022941
IRS990/NetAssetsOrFundBalancesBOYAmt0354474
IRS990/NetAssetsOrFundBalancesEOYAmt0333668
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt02550
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt02550
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt0700
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0700
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt07690
IRS990/NoncashContributionsAmt035920
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt05582
IRS990/OccupancyGrp/ProgramServicesAmt03278
IRS990/OccupancyGrp/TotalAmt08860
IRS990/OfficeExpensesGrp/FundraisingAmt01047
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt018029
IRS990/OfficeExpensesGrp/ProgramServicesAmt03271
IRS990/OfficeExpensesGrp/TotalAmt022347
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt08008
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt08932
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt013859
IRS990/OtherEmployeeBenefitsGrp/TotalAmt030799
IRS990/OtherExpensesGrp/Desc0Transmitter and transla
IRS990/OtherExpensesGrp/Desc1Programming
IRS990/OtherExpensesGrp/Desc2Equipment rental & main
IRS990/OtherExpensesGrp/Desc3Engineering
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01349
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1316
IRS990/OtherExpensesGrp/ProgramServicesAmt039773
IRS990/OtherExpensesGrp/ProgramServicesAmt127150
IRS990/OtherExpensesGrp/ProgramServicesAmt212145
IRS990/OtherExpensesGrp/ProgramServicesAmt310211
IRS990/OtherExpensesGrp/TotalAmt039773
IRS990/OtherExpensesGrp/TotalAmt127150
IRS990/OtherExpensesGrp/TotalAmt213494
IRS990/OtherExpensesGrp/TotalAmt310527
IRS990/OtherRevenueMiscGrp/Desc0Miscellaneous income
IRS990/OtherRevenueMiscGrp/ExclusionAmt04809
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt04809
IRS990/OtherRevenueTotalAmt04809
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt054612
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt060914
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt094521
IRS990/OtherSalariesAndWagesGrp/TotalAmt0210047
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt05124
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt05716
IRS990/PayrollTaxesGrp/ProgramServicesAmt08869
IRS990/PayrollTaxesGrp/TotalAmt019709
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt025000
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt025000
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt032072
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt032132
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt030799
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt033434
IRS990/PrincipalOfficerNm0Lynn Soucy
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0503415
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt019669
IRS990/PYOtherExpensesAmt0269581
IRS990/PYOtherRevenueAmt08874
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-60111
IRS990/PYSalariesCompEmpBnftPaidAmt0322488
IRS990/PYTotalExpensesAmt0592069
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0531958
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-28496
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt0700
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt022112
IRS990/SavingsAndTempCashInvstGrp/EOYAmt013623
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0515017
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0503415
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0522644
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0464545
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0470245
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02475866
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0712
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt01011
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0576
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0543
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0609
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt03451
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99860
IRS990ScheduleA/PublicSupportPY170Pct00.99870
IRS990ScheduleA/PublicSupportTotal170Amt02475866
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0515017
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0503415
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0522644
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0464545
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0470245
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02475866
IRS990ScheduleA/TotalSupportAmt02479317
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.57000
IRS990ScheduleD/BuildingsGrp/BookValueAmt042946
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0150551
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0193497
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt052512
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt057872
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt07690
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt02330
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt056377
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt052512
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-1505
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt02360
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt060588
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt056377
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-1941
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt02270
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt0888
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt060371
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt060588
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt03235
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt02130
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt0699
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt054736
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt060371
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt08404
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt02070
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt050073
IRS990ScheduleD/DonatedServicesUseFcltsAmt050073
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt0112664
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0253737
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0366401
IRS990ScheduleD/ExpensesNotReportedAmt050073
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0551584
IRS990ScheduleD/LandGrp/BookValueAmt011440
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt011440
IRS990ScheduleD/NetUnrealizedGainsInvstAmt07690
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt097400
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0662278
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0759678
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.43000
IRS990ScheduleD/RevenueNotReportedAmt057763
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0523088
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0See Part XIII
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Fundraising event expense
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Fundraising event expense
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3In 2010, Salt Pond Community Broadcasting partnered with the Maine Community Foundation to establish an endowment to help support WERU's operating needs. The agreement calls for each Organization to contribute $25,000. Salt Pond's funding portion is treated as board designated and the Maine Community Foundation's is treated as permanently restricted. Income earned from the endowment can be used at Salt Pond's board discretion.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part V, Line 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XI, Line 2d - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XII, Line 2d - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3Part V, Line 4
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0264450
IRS990ScheduleD/TotalExpensesPerForm990Amt0551584
IRS990ScheduleD/TotalRevenuePerForm990Amt0523088
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0580851
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0601657
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt03592
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0Compact disc's
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0Estimated retail
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt035920
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt01. The outside auditor will prepare the 990 following the completion of the annual audit. 2. The Finance Committee will review the completed 990 and recommend it to the Board for approval (after addressing with the auditor any changes it deems necessary). 3. Board Members will have the opportunity to review the completed 990 and will approve it at its next meeting. 4. The Board President will sign the 990 and see that it is filed promptly with the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Each member of the WERU Board of Directors will file a letter at the annual business meeting disclosing whether they have a conflict of interest and may need to recues them self from voting on issues relating to that conflict. All members of the WERU Board of Directors resolve that no director will participate in any discussion or vote on any matter in which she/he or a member of her/his immediate family has potential conflict of interest due to having material economic involvement regarding the matter being discussed. If a conflict of interest presents itself at another time during the year, the director must announce her/his potential conflict, disqualify herself/himself, and be excused from the meeting until discussion is over on the matter involved. The president of the WERU Board of Directors is expected to make inquiry if such conflict appears to exist and the board member has not made it known.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2General Manager - The General Manager has a review/evaluation on a yearly basis by the Board of Directors via the personnel committee. The evaluation is documented and placed in the employee's file. Those individuals who provide the evaluation are independent of the General Manager and of his/her authority. Pay of the General Manager is not compared in any fashion and is based on performance and financial constraints of the station. Other Employees - Other employees are first evaluated after their first six months of service and then yearly thereafter by the General Manager. The General Manager will consult with the Personnel Committee prior to conducting employee evaluations. Regular reports concerning evaluations will be given to the Personnel Committee and copies placed in the employee's permanent file. Wages are not compared, but are based on individual employee performance and any financial constraints of the station.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3WERU's general policy of disclosing its governing documents is upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$5.99$1.50$4.49$6.67$6.99$0.33
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.57$1.85$4.72$6.13$6.33$0.20
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.32$2.28$5.04$7.49$6.16$1.34
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.77$1.16$3.60$6.61$5.79$0.83
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.30$0.56$2.75$5.37$5.75$0.38
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.71$0.67$3.04$5.33$5.58$0.26
2017Detailed filing. Detailed filing data is available for this year.$4.26$0.92$3.34$5.23$5.52$0.28
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.38$0.84$3.54$5.32$5.92$0.60
2015Detailed filing. Detailed filing data is available for this year.$4.97$0.81$4.16$6.23$6.29$0.06
2014Detailed filing. Detailed filing data is available for this year.$5.12$0.88$4.24$5.85$6.07$0.23
2013Detailed filing. Detailed filing data is available for this year.$5.41$0.96$4.45$5.99$6.18$0.19
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.61$1.02$4.58$6.10
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.36$1.13$4.23$6.16
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.76$1.08$3.68$6.06