Civic Intelligence

Peconic Public Broadcasting

990 • Fiscal year 2018 • EIN 27-1138780

Jan 01, 2018 to Dec 31, 2018 • Filed on Jul 23, 2019

PO Box 1410Southampton, NY 11969

(631) 591-7000

Siviq Scores

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

Liabilities / Assets

96th percentile

1.43x

Higher debt load relative to assets than 96% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

92nd percentile

1.53x

Higher debt load relative to revenue than 92% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

8th percentile

-40%

Higher net margin than 8% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

68th percentile

$54,000

Higher top officer pay than 68% of similar nonprofits.

Top officer pay equals 10.1% of source-year revenue.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Asset Growth

10th percentile

-18%

Faster asset growth than 10% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

15th percentile

-21%

Faster revenue growth than 15% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Assets

Down

$568,738

Down $191,850 (-25%) from 2016

Net Assets

Down

-$247,082

Down $312,283 (-479%) from 2016

Liabilities

Up

$815,820

Up $120,433 (+17%) from 2016

Revenue

Down

$533,562

Down $182,165 (-25%) from 2016

Expenses

Down

$747,163

Down $13,361 (-1.8%) from 2016

Net Income

Down

-$213,601

Down $168,804 (-377%) from 2016

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

2018

Assets$568,738
Liabilities$815,820
Net Assets-$247,082

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

2018

Revenue$533,562
Expenses$747,163
Net Income-$213,601
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Jul 23, 2019
Return Version
2018v3.1
Gross Receipts
$533,562
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Loans From Officers Directors$475,500$470,500▼ $5,000
Intangible Assets$466,759$409,093▼ $57,666
Land, Buildings, and Equipment, Net$66,019$56,797▼ $9,222
Pledges and Grants Receivable$62,555$49,510▼ $13,045
Cash and Non-Interest-Bearing Accounts$72,162$26,391▼ $45,771
Accounts Receivable$16,713$16,680▼ $33
Prepaid Expenses and Deferred Charges$2,696$1,841▼ $855
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Inventories for Sale or Use-$0-
Total Assets$695,321$568,738▼ $126,583
Other Assets Total$8,417$8,426▲ $9
Liabilities
Accounts Payable and Accrued Expenses$248,386$341,465▲ $93,079
Deferred Revenue$4,916$3,855▼ $1,061
Total Liabilities$728,802$815,820▲ $87,018
Net Assets / Fund Balance
Temporarily Rstr Net Assets$10,789--
Unrestricted Net Assets$-44,270$-247,082▼ $202,812
Total Net Assets Fund Balance$-33,481$-247,082▼ $213,601
Total Liabilities and Net Assets / Fund Balance$695,321$568,738▼ $126,583

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$56,797$33,341$90,138
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Wallace SmithPresidentFT$54,000$54,000

Board Members and Trustees

NameTitle
John LandesChairman
Amy WorthTrustee
Brian HalweilTrustee
Christine HansenTrustee
Robert FlorioTrustee
Robert GrisnikTrustee
Vikki KahnTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$320,917
Program Service Revenue
$182,808
Investment Income
$14
Other Revenue
$29,823
All Other Contributions
$186,127
Change in Net Assets
$-213,601

Audited Revenue Reconciliation

Revenue per Audited Statements
$533,562
Revenue Not Reported on Form 990
$7,000
Total Revenue per Audited Statements
$540,562
Total Revenue per Form 990
$533,562
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$447,636
Salaries, Compensation, and Employee Benefits$299,527
Total Fundraising Expense$46,038
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$203,700$15,017$1,841$220,558
Depreciation Depletion$11,091$59,163-$70,254
Current Officers, Directors, Trustees, and Key Employees$17,820$17,820$18,360$54,000
Occupancy$25,548$17,032-$42,580
All Other Expenses$8,711$7,989$21,212$37,912
Payroll Taxes$18,951$2,809$1,728$23,488
Interest-$20,775-$20,775
Fees for Services Management-$16,500-$16,500
Other Expenses$16,150$5,617-$16,150
Fees for Services Legal-$11,500-$11,500
Travel$8,554$1,268$780$10,602
Insurance-$9,020-$9,020
Fees for Services Accounting-$8,800-$8,800
Advertising--$2,008$2,008
Other Employee Benefits$1,195$177$109$1,481
Total Functional Expenses$507,638$193,487$46,038$747,163

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$754,163
Expenses per Audited Statements$747,163
Total Expenses per Form 990$747,163
Expenses Not Reported on Form 990$7,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$9,500
Professional Fundraising Fees$0
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$475,500$470,500▼ $5,000
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
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, Part VI, Line 6: Explanation of Classes of Members or Shareholder

The organization is governed by board members.

Form 990, Part VI, Line 7A: How Members or Shareholders Elect Governing Body

Members of the board are elected by majority vote.

Form 990, Part VI, Line 7B: Describe Decisions of Governing Body Approval by Members or Shareholders

Annual budgets and by law changes are subject to majority approval of the board.

Form 990, Part VI, Line 11B: Form 990 Review Process

Tax returns are reviewed by the president and approved by the board.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Annual disclosure forms are reviewed by the board for conflicts.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Compensation for general manager is reviewed and determined by the board using comparable data.

Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection

Documents are available upon request.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Peconic Public Broadcasting
EIN
27-1138780
Phone
6315917000
Address
PO BOX 1410, SOUTHAMPTON, NY 11969

Signing Officer

Name
Wallace Smith
Title
President
Signed
2019-07-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Wallace Smith
Formed
2009
Legal Domicile
Ny
Voting Board Members
8
Independent Board Members
7
Employees
7
Volunteers
7

Preparer

Firm
Sabel & Oplinger CPA Pc
Address
PO BOX 1307, SOUTHAMPTON, NY 11969-1307
Preparer
Mary Ann Mendel CPA
Phone
6312832370
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

The Organization has been classified by the Internal Revenue Service as a publicly supported tax-exempt charity pursuant to IRC Section 501 (c) (3) and as a not-for-profit corporation under the laws of New York State. Accordingly, no provision for Federal or State income taxes is required. As of December 31, 2018, no amounts have been recognized for uncertain income tax positions.

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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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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt05617
IRS990/OtherExpensesGrp/ProgramServicesAmt0128604
IRS990/OtherExpensesGrp/ProgramServicesAmt154429
IRS990/OtherExpensesGrp/ProgramServicesAmt212885
IRS990/OtherExpensesGrp/ProgramServicesAmt316150
IRS990/OtherExpensesGrp/TotalAmt0128604
IRS990/OtherExpensesGrp/TotalAmt154429
IRS990/OtherExpensesGrp/TotalAmt218502
IRS990/OtherExpensesGrp/TotalAmt316150
IRS990/OtherInd0X
IRS990/OtherRevenueMiscGrp/BusinessCd0524298
IRS990/OtherRevenueMiscGrp/Desc0INSURANCE PROCEEDS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt020323
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt020323
IRS990/OtherRevenueTotalAmt020323
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt01841
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt015017
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0203700
IRS990/OtherSalariesAndWagesGrp/TotalAmt0220558
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt01728
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02809
IRS990/PayrollTaxesGrp/ProgramServicesAmt018951
IRS990/PayrollTaxesGrp/TotalAmt023488
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt062555
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt049510
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02696
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01841
IRS990/PrincipalOfficerNm0WALLACE SMITH
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0UNDERWRITING REVENUES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0182808
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0182808
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0395531
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt015
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0454795
IRS990/PYOtherRevenueAmt051842
IRS990/PYProgramServiceRevenueAmt0225743
IRS990/PYRevenuesLessExpensesAmt0-98682
IRS990/PYSalariesCompEmpBnftPaidAmt0317018
IRS990/PYTotalExpensesAmt0771813
IRS990/PYTotalRevenueAmt0673131
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-213601
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0182808
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0320917
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0395531
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0440735
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0410465
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0339686
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01907334
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt05
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt015
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt016
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0166
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt08
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0210
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.95080
IRS990ScheduleA/PublicSupportPY170Pct00.95500
IRS990ScheduleA/PublicSupportTotal170Amt01813686
IRS990ScheduleA/SubstantialContributorsTotAmt093648
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0320917
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0395531
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0440735
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0410465
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0339686
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01907334
IRS990ScheduleA/TotalSupportAmt01907544
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt07000
IRS990ScheduleD/DonatedServicesUseFcltsAmt07000
IRS990ScheduleD/EquipmentGrp/BookValueAmt056797
IRS990ScheduleD/EquipmentGrp/DepreciationAmt033341
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt090138
IRS990ScheduleD/ExpensesNotReportedAmt07000
IRS990ScheduleD/ExpensesSubtotalAmt0747163
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueNotReportedAmt07000
IRS990ScheduleD/RevenueSubtotalAmt0533562
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization has been classified by the Internal Revenue Service as a publicly supported tax-exempt charity pursuant to IRC Section 501 (c) (3) and as a not-for-profit corporation under the laws of New York State. Accordingly, no provision for Federal or State income taxes is required. As of December 31, 2018, no amounts have been recognized for uncertain income tax positions.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt056797
IRS990ScheduleD/TotalExpensesPerForm990Amt0747163
IRS990ScheduleD/TotalRevenuePerForm990Amt0533562
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0540562
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0754163
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt0337000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt195000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt238500
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd1true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd2true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd1false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd2false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0LICENSE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1OPTG
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt2EQUIPMT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd1X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd2X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0337000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt1102000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt238500
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0ROBERT GRISNIK
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1WALLACE SMITH
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm2ROBERT GRISNIK
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0BD MEMBR
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1PRES
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt2BOARD
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd1true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd2true
IRS990ScheduleL/TotalBalanceDueAmt0470500

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