Civic Intelligence

Prince Educational Media Inc

EIN 27-3377081 • 501(c)3 • Bogart, GA

Profile

The purpose of prince avenue educational media, inc. (pemi, hereinafter the corporation) is to function as owner, operator, and licensee of wmsl as christian radio broadcast and educational ministry of the prince avenue baptist church, bogart, georgia. Wmsl-fm is an over-the-air broadcast station operating with the purpose of ministry to effectively share the good news of the gospel to unsaved listeners and to provide programming of music and information for the edification of believers in jesus christ, members of the general public, and to teach broadcast operations to new students.

2121 Ruth Jackson RdBogart, GA 30622

wmsl.fm

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2019

Liabilities / Revenue

61st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

2nd percentile

-3450%

Higher net margin than 2% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

97th percentile

$52,587

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 6.3% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

9th percentile

-100%

Faster asset growth than 9% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

3rd percentile

-100%

Faster revenue growth than 3% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Down

$0

Down $599,057 (-100%) from 2018

Liabilities

Down

$0

Down $4,245 (-100%) from 2018

Net Assets

Down

$0

Down $594,812 (-100%) from 2018

Revenue

Down

$1,836

Down $834,367 (-100%) from 2018

Expenses

Down

$65,172

Down $188,978 (-74%) from 2018

Net Income

Down

-$63,336

Down $645,389 (-111%) from 2018

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600K$400K$200K$0Assets 2016: $13,322Liabilities 2016: $2,487Net Assets 2016: $10,8352016Assets 2017: $14,213Liabilities 2017: $1,454Net Assets 2017: $12,7592017Assets 2018: $599,057Liabilities 2018: $4,245Net Assets 2018: $594,8122018Assets 2019: $0Liabilities 2019: $0Net Assets 2019: $02019

Highlighted filing

2019

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KRevenue 2016: $252,230Expenses 2016: $255,584Net Income 2016: -$3,3542016Revenue 2017: $266,356Expenses 2017: $264,432Net Income 2017: $1,9242017Revenue 2018: $836,203Expenses 2018: $254,150Net Income 2018: $582,0532018Revenue 2019: $1,836Expenses 2019: $65,172Net Income 2019: -$63,3362019

Highlighted filing

2019

Revenue$1,836
Expenses$65,172
Net Income-$63,336

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jul 2, 2019
Return Version
2018v3.1
Gross Receipts
$1,836
Mission and Program Overview

Mission

The purpose of prince avenue educational media, inc. (pemi, hereinafter the corporation) is to function as owner, operator, and licensee of wmsl as christian radio broadcast and educational ministry of the prince avenue baptist church, bogart, georgia. Wmsl-fm is an over-the-air broadcast station operating with the purpose of ministry to effectively share the good news of the gospel to unsaved listeners and to provide programming of music and information for the edification of believers in jesus christ, members of the general public, and to teach broadcast operations to new students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$597,113--
Total Assets$599,057$0▼ $599,057
Other Assets Total$1,944--
Liabilities
Other Liabilities$4,245--
Total Liabilities$4,245$0▼ $4,245
Net Assets / Fund Balance
Unrestricted Net Assets$594,812--
Total Net Assets Fund Balance$594,812$0▼ $594,812
Total Liabilities and Net Assets / Fund Balance$599,057$0▼ $599,057
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Alec J DantreGeneral ManaFT$51,864$51,864

Board Members and Trustees

NameTitle
Scott MccallChairman
J David CarterVice Chairma
Andrew ClydeDirector
Joe CampbellDirector
Raymond BoswellDirector
Tom EdgeDirector
Scott BrannonCFO
James Brian KimseySecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$1,836
Other Revenue
$0
Change in Net Assets
$-63,336
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$58,561
Other Expenses$6,611
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees-$51,864-$51,864
Payroll Taxes$3,330$832-$4,162
Other Salaries and Wages$2,028$507-$2,535
Other Expenses$2,000$500-$2,500
Fees for Services Accounting-$1,495-$1,495
Occupancy$32$8-$40
Total Functional Expenses$9,966$55,206$0$65,172
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
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 7A

In the case of any vacancy in the board of directors through death, resignation, disqualification, removal or other cause, the remaining directors, subject to approval by the pastor, deacons, and membership of prince avenue baptist church in attendance, by affirmative vote of the majority thereof, may elect a successor to hold office for the unexpired portion of the term of the director whose place shall be vacant, and until the election of his or her successor, or until he or she shall be removed, prior therto, by an affirmative vote of a majority of the board of directors, subject to approval by the pastor, deacons, and memebers in attendance of prince avenue baptist church. All successors directors must satisfy the qualification set forth in section 4.4.

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

The board of directors shall have the power and authority to amend, alter or repeal these by-laws or any provision thereof, and may from time to time adopt additional by-laws, subject to approval by the pastor, deacons, and membership of prince avenue baptist church in attendance at the time of such presentation, by affirmative vote of the majority thereof. Further, prior to a vote on any change in by-laws, all directors shall be given written notice of all proposed changes at least thirty days prior to the meeting in which the proposed change will be acted upon. Any change or amendments to the by-laws shall require the vote of two-thirds of the full board of directors, and the approval by the pastor, deacons, and membership of prince avenue baptist church in attendance at the time of presentation, by affirmative vote or the majority thereof.

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

Form 990 was made available to board of trustees for review before filing.

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

PERIODIC REVIEWS

Form 990, Page 6, Part VI, Line 19

Form 990 is made available for public inspection at the organization's office in bogart georgia

Filing and Contact Details

Filer

Filer Name
Prince Educational Media Inc
EIN
27-3377081
Phone
7707258890
Address
2121 RUTH JACKSON RD, BOGART, GA 30622
Doing Business As
Dba Wmsl Radio

Signing Officer

Name
Scott Brannon
Title
CFO
Phone
7062027779
Signed
2019-07-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Scott Brannon
Formed
2011
Legal Domicile
Ga
Voting Board Members
8
Independent Board Members
8
Employees
7

Preparer

Firm
Resource Tax and Accounting LLC
Address
1551 JENNINGS MILL RD UNIT 900A, WATKINSVILLE, GA 30677-7256
Preparer
Seth Robison CPA
Phone
7063532016
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The purpose of prince avenue educational media, inc. (pemi, hereinafter the corporation) is to function as owner, operator, and licensee of wmsl as christian radio broadcast and educational ministry of the prince avenue baptist church, bogart, georgia. Wmsl-fm is an over-the-air broadcast station operating with the purpose of ministry to effectively share the good news of the gospel to unsaved listeners and to provide programming of music and information for the edification of believers in jesus christ, members of the general public, and to teach broadcast operations to new students.

Form 990, Part XI, Line 9

Donated remaining assets (cash) -531,476

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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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IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt1501(C)(3)
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt0FACE VALUE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt1FACE VALUE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt02131 RUTH JACKSON RD
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt12131 RUTH JACKSON RD
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PURPOSE OF PRINCE AVENUE EDUCATIONAL MEDIA, INC. (PEMI, HEREINAFTER THE CORPORATION) IS TO FUNCTION AS OWNER, OPERATOR, AND LICENSEE OF WMSL AS CHRISTIAN RADIO BROADCAST AND EDUCATIONAL MINISTRY OF THE PRINCE AVENUE BAPTIST CHURCH, BOGART, GEORGIA. WMSL-FM IS AN OVER-THE-AIR BROADCAST STATION OPERATING WITH THE PURPOSE OF MINISTRY TO EFFECTIVELY SHARE THE GOOD NEWS OF THE GOSPEL TO UNSAVED LISTENERS AND TO PROVIDE PROGRAMMING OF MUSIC AND INFORMATION FOR THE EDIFICATION OF BELIEVERS IN JESUS CHRIST, MEMBERS OF THE GENERAL PUBLIC, AND TO TEACH BROADCAST OPERATIONS TO NEW STUDENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1IN THE CASE OF ANY VACANCY IN THE BOARD OF DIRECTORS THROUGH DEATH, RESIGNATION, DISQUALIFICATION, REMOVAL OR OTHER CAUSE, THE REMAINING DIRECTORS, SUBJECT TO APPROVAL BY THE PASTOR, DEACONS, AND MEMBERSHIP OF PRINCE AVENUE BAPTIST CHURCH IN ATTENDANCE, BY AFFIRMATIVE VOTE OF THE MAJORITY THEREOF, MAY ELECT A SUCCESSOR TO HOLD OFFICE FOR THE UNEXPIRED PORTION OF THE TERM OF THE DIRECTOR WHOSE PLACE SHALL BE VACANT, AND UNTIL THE ELECTION OF HIS OR HER SUCCESSOR, OR UNTIL HE OR SHE SHALL BE REMOVED, PRIOR THERTO, BY AN AFFIRMATIVE VOTE OF A MAJORITY OF THE BOARD OF DIRECTORS, SUBJECT TO APPROVAL BY THE PASTOR, DEACONS, AND MEMEBERS IN ATTENDANCE OF PRINCE AVENUE BAPTIST CHURCH. ALL SUCCESSORS DIRECTORS MUST SATISFY THE QUALIFICATION SET FORTH IN SECTION 4.4.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS SHALL HAVE THE POWER AND AUTHORITY TO AMEND, ALTER OR REPEAL THESE BY-LAWS OR ANY PROVISION THEREOF, AND MAY FROM TIME TO TIME ADOPT ADDITIONAL BY-LAWS, SUBJECT TO APPROVAL BY THE PASTOR, DEACONS, AND MEMBERSHIP OF PRINCE AVENUE BAPTIST CHURCH IN ATTENDANCE AT THE TIME OF SUCH PRESENTATION, BY AFFIRMATIVE VOTE OF THE MAJORITY THEREOF. FURTHER, PRIOR TO A VOTE ON ANY CHANGE IN BY-LAWS, ALL DIRECTORS SHALL BE GIVEN WRITTEN NOTICE OF ALL PROPOSED CHANGES AT LEAST THIRTY DAYS PRIOR TO THE MEETING IN WHICH THE PROPOSED CHANGE WILL BE ACTED UPON. ANY CHANGE OR AMENDMENTS TO THE BY-LAWS SHALL REQUIRE THE VOTE OF TWO-THIRDS OF THE FULL BOARD OF DIRECTORS, AND THE APPROVAL BY THE PASTOR, DEACONS, AND MEMBERSHIP OF PRINCE AVENUE BAPTIST CHURCH IN ATTENDANCE AT THE TIME OF PRESENTATION, BY AFFIRMATIVE VOTE OR THE MAJORITY THEREOF.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990 WAS MADE AVAILABLE TO BOARD OF TRUSTEES FOR REVIEW BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PERIODIC REVIEWS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5FORM 990 IS MADE AVAILABLE FOR PUBLIC INSPECTION AT THE ORGANIZATION'S OFFICE IN BOGART GEORGIA
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6DONATED REMAINING ASSETS (CASH) -531,476
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt09966
IRS990/TotalFunctionalExpensesGrp/TotalAmt065172
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04245
IRS990/TotalLiabilitiesEOYAmt00
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IRS990/TotalReportableCompFromOrgAmt051864
IRS990/TotalRevenueGrp/ExclusionAmt01836
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01836
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IRS990/USAddress/CityNm0WATKINSVILLE
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ReturnHeader/BuildTS02019-02-21 02:37:17Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0SCOTT BRANNON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CFO
ReturnHeader/BusinessOfficerGrp/PhoneNum07062027779
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-07-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PRINCE EDUCATIONAL MEDIA INC
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ReturnHeader/Filer/EIN0273377081
ReturnHeader/Filer/PhoneNum07707258890
ReturnHeader/Filer/USAddress/AddressLine1Txt02121 RUTH JACKSON RD
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ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0570075F22673F917F76AAD5132C9B8BC27FFE5A6
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId03431DCD8979FFA770CE3BEF8729821165A89E6AD
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt024.178.75.158
ReturnHeader/FilingSecurityInformation/IPDt02019-07-02
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm007:09:09
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0825318146
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RESOURCE TAX AND ACCOUNTING LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01551 JENNINGS MILL RD UNIT 900A
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WATKINSVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0GA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0306777256
ReturnHeader/PreparerPersonGrp/PhoneNum07063532016
ReturnHeader/PreparerPersonGrp/PreparationDt02019-07-02
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SETH ROBISON CPA
ReturnHeader/ReturnTs02019-07-02T07:09:09-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-07-01
ReturnHeader/TaxPeriodEndDt02019-06-30
ReturnHeader/TaxYr02018

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