Civic Intelligence

Peconic Public Broadcasting

990 • Fiscal year 2013 • EIN 27-1138780

Jan 01, 2013 to Dec 31, 2013 • Filed on Jul 01, 2014

PO Box 141011969

(631) 591-7000

Siviq Scores

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

Liabilities / Assets

80th percentile

0.57x

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

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Liabilities / Revenue

79th percentile

0.64x

Higher debt load relative to revenue than 79% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Net Margin

19th percentile

-11%

Higher net margin than 19% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Top Officer Pay

45th percentile

$36,000

Higher top officer pay than 45% of similar nonprofits.

Top officer pay equals 3.9% of source-year revenue.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Asset Growth

30th percentile

-2.5%

Faster asset growth than 30% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Assets

Down

$1,042,471

Down $88,021 (-7.8%) from 2011

Net Assets

Down

$449,870

Down $125,126 (-22%) from 2011

Liabilities

Up

$592,601

Up $37,105 (+6.7%) from 2011

Revenue

$923,195

No earlier filing loaded for comparison.

Expenses

Up

$1,029,274

Up $146,128 (+17%) from 2011

Net Income

-$106,079

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0-$500KAssets 2011: $1,130,492Liabilities 2011: $555,496Net Assets 2011: $574,9962011Assets 2013: $1,042,471Liabilities 2013: $592,601Net Assets 2013: $449,8702013Assets 2014: $887,906Liabilities 2014: $604,488Net Assets 2014: $283,4182014Assets 2015: $783,282Liabilities 2015: $671,984Net Assets 2015: $111,2982015Assets 2016: $760,588Liabilities 2016: $695,387Net Assets 2016: $65,2012016Assets 2018: $568,738Liabilities 2018: $815,820Net Assets 2018: -$247,0822018Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020

Highlighted filing

2013

Assets$1,042,471
Liabilities$592,601
Net Assets$449,870

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2011: $883,1462011Revenue 2013: $923,195Expenses 2013: $1,029,274Net Income 2013: -$106,0792013Revenue 2014: $738,912Expenses 2014: $905,281Net Income 2014: -$166,3692014Revenue 2015: $751,855Expenses 2015: $925,275Net Income 2015: -$173,4202015Revenue 2016: $715,727Expenses 2016: $760,524Net Income 2016: -$44,7972016Revenue 2018: $533,562Expenses 2018: $747,163Net Income 2018: -$213,6012018Revenue 2020: $767,595Expenses 2020: $225,572Net Income 2020: $542,0232020

Highlighted filing

2013

Revenue$923,195
Expenses$1,029,274
Net Income-$106,079
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Jul 1, 2014
Return Version
2013v3.1
Gross Receipts
$927,260
Mission and Program Overview

Mission

Peconic Public Broadcasting is a public FM radio station located in Southampton, New York. The station services Long Island and coastal Connecticut and offers listeners both national and local programs.

The organization provides radio programming to the eastern suffolk county community including news, entertainment and coverage of local events.

Balance Sheet Detail
LineBeginningEndChange
Assets
Intangible Assets$764,069$704,906▼ $59,163
Loans From Officers Directors$439,000$475,500▲ $36,500
Pledges and Grants Receivable-$117,872-
Cash and Non-Interest-Bearing Accounts$188,297$109,793▼ $78,504
Land, Buildings, and Equipment, Net$70,919$68,835▼ $2,084
Accounts Receivable$28,507$24,299▼ $4,208
Prepaid Expenses and Deferred Charges$7,449$8,383▲ $934
Investments in Publicly Traded Securities$2,099--
Total Assets$1,069,712$1,042,471▼ $27,241
Other Assets Total$8,372$8,383▲ $11
Liabilities
Accounts Payable and Accrued Expenses$68,161$95,551▲ $27,390
Deferred Revenue$6,280$21,550▲ $15,270
Other Liabilities$322--
Total Liabilities$513,763$592,601▲ $78,838
Net Assets / Fund Balance
Unrestricted Net Assets$555,949$448,370▼ $107,579
Temporarily Rstr Net Assets-$1,500-
Total Net Assets Fund Balance$555,949$449,870▼ $106,079
Total Liabilities and Net Assets / Fund Balance$1,069,712$1,042,471▼ $27,241

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$68,835$44,528$113,363
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Wallace SmithPres, Exec DFT$36,000$36,000

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$366,867
Program Service Revenue
$481,676
Investment Income
$85
Other Revenue
$74,567
All Other Contributions
$168,957
Change in Net Assets
$-106,079

Audited Revenue Reconciliation

Revenue per Audited Statements
$923,195
Total Revenue per Audited Statements
$923,195
Total Revenue per Form 990
$923,195
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$623,486
Salaries, Compensation, and Employee Benefits$405,788
Total Fundraising Expense$84,173
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$369,457--$369,457
Depreciation Depletion$301$73,592-$73,893
Occupancy-$71,807-$71,807
All Other Expenses-$28,542$20,037$48,579
Advertising--$38,643$38,643
Payroll Taxes$32,021--$32,021
Fees for Services Other--$25,493$25,493
Fees for Services Management-$23,500-$23,500
Interest-$19,171-$19,171
Other Expenses$36,473$15,569-$15,569
Fees for Services Legal-$13,500-$13,500
Fees for Services Accounting-$10,500-$10,500
Insurance-$8,714-$8,714
Office Expenses-$7,018-$7,018
Other Employee Benefits$4,310--$4,310
Travel-$3,824-$3,824
Total Functional Expenses$614,733$330,368$84,173$1,029,274

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,029,274
Total Expenses per Audited Statements$1,029,274
Total Expenses per Form 990$1,029,274
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$64,670
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$64,670$64,670-$64,670
Total Events$64,670$64,670-$64,670
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$439,000$475,500▲ $36,500
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Page 6, Part VI, Line 6

The organization is governed by board members

Form 990, Page 6, Part VI, Line 7A

Members of the governing board are elected by majority vote

Form 990, Page 6, Part VI, Line 7B

Decisions of the governing body which are subject to approval by a majority vote are annual budgets and change in by-laws

Form 990, Page 6, Part VI, Line 11B

Independent auditor who prepared audited finanical statments and form 990 provided a detailed presentation of the audited financial statements and form 990 to the board.

Form 990, Page 6, Part VI, Line 12C

Any disclosure of a conflict of interest is reviewed by board

Form 990, Page 6, Part VI, Line 15A

General manager's salary is reviewed and determined by the board using comparable data and contemporaneous substantiation of the decision.

Form 990, Page 6, Part VI, Line 19

All governing documents will be made public upon written request.

Filing and Contact Details

Filer

EIN
27-1138780
Phone
6315917000

Signing Officer

Name
Wallace Smith
Title
Executive Director
Phone
6315917000
Signed
2014-07-01

Organization Details

Principal Officer
Wallace Smith
Formed
2009
Legal Domicile
Ny
Voting Board Members
9
Independent Board Members
9
Employees
10

Preparer

Preparer
Gregory Ferraris
Phone
6317250145
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Prior period adjustment 0

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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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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0537042
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0110154
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01775264
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0130
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IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0556276
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.82780
IRS990ScheduleA/PublicSupportPY170Pct00.77770
IRS990ScheduleA/PublicSupportTotal170Amt01469776
IRS990ScheduleA/SubstantialContributorsTotAmt0305488
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0366867
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0468617
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0292584
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0537042
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0110154
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01775264
IRS990ScheduleA/TotalSupportAmt01775592
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt068835
IRS990ScheduleD/EquipmentGrp/DepreciationAmt044528
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0113363
IRS990ScheduleD/ExpensesSubtotalAmt01029274
IRS990ScheduleD/RevenueSubtotalAmt0923195
IRS990ScheduleD/TotalBookValueLandBuildingsAmt068835
IRS990ScheduleD/TotalExpensesPerForm990Amt01029274
IRS990ScheduleD/TotalRevenuePerForm990Amt0923195
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IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01029274
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IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt064670
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt064670
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt064670
IRS990ScheduleG/FundraisingEventInformationGrp/NameOfEvent1Amt0FUNDRAISING EVE
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt064670
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt1100000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt238500
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0PURCHASE OF RADIO STATION LICENSE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1OPERATIONS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt2EQUIPMENT PURCHASE
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd1X
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt1102000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt238500
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0ROBERT GRISNIK
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1WALLACE SMITH
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm2ROBERT GRISNIK
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0BOARD MEMBER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1BOARD MEMBER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt2BOARD MEMBER
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS GOVERNED BY BOARD MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS OF THE GOVERNING BOARD ARE ELECTED BY MAJORITY VOTE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DECISIONS OF THE GOVERNING BODY WHICH ARE SUBJECT TO APPROVAL BY A MAJORITY VOTE ARE ANNUAL BUDGETS AND CHANGE IN BY-LAWS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3INDEPENDENT AUDITOR WHO PREPARED AUDITED FINANICAL STATMENTS AND FORM 990 PROVIDED A DETAILED PRESENTATION OF THE AUDITED FINANCIAL STATEMENTS AND FORM 990 TO THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ANY DISCLOSURE OF A CONFLICT OF INTEREST IS REVIEWED BY BOARD
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GENERAL MANAGER'S SALARY IS REVIEWED AND DETERMINED BY THE BOARD USING COMPARABLE DATA AND CONTEMPORANEOUS SUBSTANTIATION OF THE DECISION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ALL GOVERNING DOCUMENTS WILL BE MADE PUBLIC UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7PRIOR PERIOD ADJUSTMENT 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XI, LINE 9
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt01500
IRS990/TempOrPermanentEndowmentsInd0true
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt01042471
IRS990/TotalAssetsGrp/BOYAmt01069712
IRS990/TotalAssetsGrp/EOYAmt01042471
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0366867
IRS990/TotalEmployeeCnt010
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt084173
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0330368
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0614733
IRS990/TotalFunctionalExpensesGrp/TotalAmt01029274
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0513763
IRS990/TotalLiabilitiesEOYAmt0592601
IRS990/TotalLiabilitiesGrp/BOYAmt0513763
IRS990/TotalLiabilitiesGrp/EOYAmt0592601

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