Civic Intelligence

Prince Educational Media Inc

990 • Fiscal year 2018 • EIN 27-3377081

Jul 01, 2017 to Jun 30, 2018 • Filed on Sep 15, 2018

2121 Ruth Jackson RdBogart, GA 30622

(770) 725-8890

Siviq Scores

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

Liabilities / Assets

37th percentile

0.01x

Higher debt load relative to assets than 37% of similar nonprofits.

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

Liabilities / Revenue

34th percentile

0.01x

Higher debt load relative to revenue than 34% of similar nonprofits.

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

Net Margin

96th percentile

70%

Higher net margin than 96% of similar nonprofits.

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

Top Officer Pay

67th percentile

$52,587

Higher top officer pay than 67% of similar nonprofits.

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

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

Asset Growth

100th percentile

4115%

Faster asset growth than 100% of similar nonprofits.

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

Revenue Growth

97th percentile

214%

Faster revenue growth than 97% of similar nonprofits.

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

Assets

Up

$599,057

Up $584,844 (+4115%) from 2017

Net Assets

Up

$594,812

Up $582,053 (+4562%) from 2017

Liabilities

Up

$4,245

Up $2,791 (+192%) from 2017

Revenue

Up

$836,203

Up $569,847 (+214%) from 2017

Expenses

Down

$254,150

Down $10,282 (-3.9%) from 2017

Net Income

Up

$582,053

Up $580,129 (+30152%) from 2017

Historical Trend

Balance Sheet Trend

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

$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

2018

Assets$599,057
Liabilities$4,245
Net Assets$594,812

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2018

Revenue$836,203
Expenses$254,150
Net Income$582,053
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Sep 15, 2018
Return Version
2017v2.3
Gross Receipts
$854,669
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$11,982$597,113▲ $585,131
Total Assets$14,213$599,057▲ $584,844
Other Assets Total$2,231$1,944▼ $287
Liabilities
Other Liabilities$1,454$4,245▲ $2,791
Total Liabilities$1,454$4,245▲ $2,791
Net Assets / Fund Balance
Unrestricted Net Assets$12,759$594,812▲ $582,053
Total Net Assets Fund Balance$12,759$594,812▲ $582,053
Total Liabilities and Net Assets / Fund Balance$14,213$599,057▲ $584,844
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Alec J DantreGeneral ManaFT$52,587$52,587

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
$205,435
Program Service Revenue
$0
Investment Income
$598,750
Other Revenue
$32,018
All Other Contributions
$205,435
Change in Net Assets
$582,053
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$188,160
Other Expenses$65,990
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$97,703$24,426-$122,129
Current Officers, Directors, Trustees, and Key Employees-$52,587-$52,587
Payroll Taxes$10,755$2,689-$13,444
Fees for Services Legal-$9,816-$9,816
Occupancy$4,775$1,194-$5,969
Other Expenses$4,785--$4,785
Information Technology-$1,789-$1,789
Fees for Services Accounting-$1,425-$1,425
Office Expenses$606$607-$1,213
All Other Expenses$452--$452
Travel-$92-$92
Total Functional Expenses$159,525$94,625$0$254,150
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$50,484
Fundraising Direct Expenses$18,466
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Football Sponso$42,470$42,470$11,033$31,437
Concert$7,514$7,514$4,507$3,007
Total Events$49,984$49,984$15,540$34,444
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Withholdings$4,245
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
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
2018-09-15
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
11

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.

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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/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
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ReturnHeader/BusinessOfficerGrp/PhoneNum07062027779
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-09-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PRINCE EDUCATIONAL MEDIA INC
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ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt024.178.75.158
ReturnHeader/FilingSecurityInformation/IPDt02018-11-05
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ReturnHeader/FilingSecurityInformation/IPTm007:40:24
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RESOURCE TAX AND ACCOUNTING LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01551 JENNINGS MILL RD UNIT 900A
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WATKINSVILLE
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0306777256
ReturnHeader/PreparerPersonGrp/PhoneNum07063532016
ReturnHeader/PreparerPersonGrp/PreparationDt02018-11-05
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SETH ROBISON CPA
ReturnHeader/ReturnTs02018-11-05T08:40:24-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

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