Civic Intelligence

Las Vegas Public Radio Inc

EIN 45-4388579 • 501(c)3 • Las Vegas, NV

Profile

Restoring and resetting our Travel & Tourism station on KIOF 90.1 FM at 48,000 Watts in 2024. This restoration and going back to the organization's roots prior to COVID-19 using what worked with KIOF-LP 97.9 FM in the market as a jobs creator in southern Nevada is the key during this restoration from transitions of KIOF-LP 97.9 FM/KVGK-LP 97.9 FM and KQQY 90.1 FM/KJPT 90.1 FM at FCC Facility ID 190166 in North Las Vegas, Nevada continuing as of December 31, 2023.

400 S 4th St 500Las Vegas, NV 89101

www.lvpr.org

Siviq Scores

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

Liabilities / Assets

87th percentile

0.65x

Higher debt load relative to assets than 87% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

100th percentile

362.08x

Higher debt load relative to revenue than 100% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

26th percentile

-6.4%

Higher net margin than 26% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

41st percentile

$4

Higher top officer pay than 41% of similar nonprofits.

Top officer pay equals 0.2% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

39th percentile

-0.0%

Faster asset growth than 39% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

1st percentile

-86%

Faster revenue growth than 1% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Down

$1,400,073

Down $162 (-0.0%) from 2022

Liabilities

Flat

$910,990

Flat from 2022

Net Assets

Down

$489,083

Down $162 (-0.0%) from 2022

Revenue

Down

$2,516

Down $15,141 (-86%) from 2022

Expenses

Down

$2,678

Down $22,026 (-89%) from 2022

Net Income

Up

-$162

Up $6,885 (+98%) from 2022

Trend Graphs

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2018: $2,409,865Liabilities 2018: $526,728Net Assets 2018: $1,883,1372018Assets 2019: $2,524,574Liabilities 2019: $688,824Net Assets 2019: $1,835,7502019Assets 2021: $1,416,616Liabilities 2021: $927,265Net Assets 2021: $489,3512021Assets 2022: $1,400,235Liabilities 2022: $910,990Net Assets 2022: $489,2452022Assets 2023: $1,400,073Liabilities 2023: $910,990Net Assets 2023: $489,0832023

Highlighted filing

2023

Assets$1,400,073
Liabilities$910,990
Net Assets$489,083

Operations Trend

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

$400K$200K$0-$200K-$400KRevenue 2018: $9,842Expenses 2018: $240,388Net Income 2018: -$230,5462018Revenue 2019: $122,017Expenses 2019: $204,167Net Income 2019: -$82,1502019Revenue 2021: $97,245Expenses 2021: $187,176Net Income 2021: -$89,9312021Revenue 2022: $17,657Expenses 2022: $24,704Net Income 2022: -$7,0472022Revenue 2023: $2,516Expenses 2023: $2,678Net Income 2023: -$1622023

Highlighted filing

2023

Revenue$2,516
Expenses$2,678
Net Income-$162

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Apr 19, 2024
Return Version
2023v5.0
Gross Receipts
$2,516
Mission and Program Overview

Mission

Restoring and resetting our Travel & Tourism station on KIOF 90.1 FM at 48,000 Watts in 2024. This restoration and going back to the organization's roots prior to COVID-19 using what worked with KIOF-LP 97.9 FM in the market as a jobs creator in southern Nevada is the key during this restoration from transitions of KIOF-LP 97.9 FM/KVGK-LP 97.9 FM and KQQY 90.1 FM/KJPT 90.1 FM at FCC Facility ID 190166 in North Las Vegas, Nevada continuing as of December 31, 2023.

Las Vegas Public Radio Inc. was choked financially from ever operating KIOF-LP 97.9 FM again after October 2022 and purposely kept shutdown and silenced as a PBS broadcaster. Many suspect this was something that was leading up to the wrongful death of Las Vegas Public Radio Inc. Vice President, Mr. Andrew LaPorta, a U.S. Navy (Honnorably Discharged) Veteran on September 23, 2022 while he had been helping to build Las Vegas Public Radio's larger 48,000 watt FM station to serve southern Nevada. Many suspected his death was directly caused by all of the issues/heartaches he endured as a U.S. Navy (Honnorably Discharged) Veteran through tyranny being perpetrated upon Las Vegas Public Radio by the Corporation for Public Broadcasting (CPB), the U.S. Small Business Administration and the State of Nevada Department of Education beginning in 2017 through 2022 while he was serving on the Las Vegas Public Radio Board of Director's working with interim directors and volunteers in the Las Vegas, Ne

Balance Sheet Detail
LineBeginningEndChange
Assets
Intangible Assets$1,400,000$1,400,000→ $0
Rtn Earn Endowment Incm Other Fnds$489,245$489,083▼ $162
Cash and Non-Interest-Bearing Accounts$7$74▲ $67
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$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-
Land, Buildings, and Equipment, Net-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Savings and Temporary Cash Investments$228$-1▼ $229
Total Assets$1,400,235$1,400,073▼ $162
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$910,990$910,990→ $0
Total Liabilities$910,990$910,990→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$489,245$489,083▼ $162
Total Liabilities and Net Assets / Fund Balance$1,400,235$1,400,073▼ $162
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Gregory P LaPortaPresident & CEOFT$2$2$4
Hung Mui A ChimSecretaryFT$2$2$4
Joanne M LaPortaTreasurerFT$2$2$4
Sal TuzzolinoCOOFT$2$2$4
Revenue and Support

Revenue Composition

Contributions and Grants
$2,516
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$2,516
Change in Net Assets
$-162
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,670
Salaries, Compensation, and Employee Benefits$8
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$30--$30
Current Officers, Directors, Trustees, and Key Employees$8--$8
Total Functional Expenses$2,678$0$0$2,678
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
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
Backup withholding compliance
No
Business relationship with 35% controlled entity
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 2

Las Vegas Public Radio Inc. President & CEO Gregory P. LaPorta continues to be the President of Portsonic Communications, LLC, a Nevada Limited Liability Company with 100 membership of ownership for the Managed-Member company. Mr. Gregory P. LaPorta continues to be the President of Portsonic Communications, LLC, an Arizona Limited Liability Company with a 50 membership of ownership. Currently, Las Vegas Public Radio Inc. Secretary Hung Mui A. Chim continues to be the Secretary of Portsonic Communications, LLC, an Arizona Limited Liability Company with a 50 membership of ownership.

Form 990, Part VI, Section A, Line 3

Portsonic Communications, LLC, a Nevada Limited Liability Company was delegated as the management company in 2012 for Las Vegas Public Radio Inc. to maintain contractual obligations with SBA Communications and T-Mobile since 2015 for groundspace supplemental operations for State of Nevada public broadcaster, KIOF-LP 97.9 FM at FCC Facility ID: 190166 as it transitioned over to KVGK-LP 97.9 FM by May 12, 2023 while working alongside Las Vegas Public Radio for KQQY/KJPT 90.1 FM it's 48,000 Watt new FM station to serve southern Nevada handling the Emergency Alert System (EAS) monitoring and other matters.

Form 990, Part VI, Section B, Line 11B

No review was or will be conducted.

Form 990, Part VI, Section C, Line 19

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Las Vegas Public Radio Inc
EIN
45-4388579
Phone
7024254088
Address
400 S 4th St 500, Las Vegas, NV 89101

Signing Officer

Name
Gregory P LaPorta
Title
President & CEO
Signed
2024-04-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gregory P LaPorta
Formed
2012
Legal Domicile
Nv
Voting Board Members
4
Independent Board Members
0
Employees
4
Volunteers
19

Preparer

Firm
Las Vegas Public Radio Inc
Address
400 S 4th St Ste 500, Las Vegas, NV 89101
Preparer
Gregory LaPorta
Phone
7026016706
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2

The State of Nevada Department of Education "silenced and blocked" thousands upon thousands of southern Nevada residents with access to the airwaves on KIOF-LP 97.9 FM since October 2022 (and millions of tri-state potential listeners with access to the airwaves on the transition stations of KVGK-LP 97.9 FM and KJPT 90.1 FM by the end of 2023, also both non-commercial FM radio stations and the reasoning behind LVPR's TAPCU project). The organization went back to get it's $95,200 Emergency Injury Disaster Loan (EIDL) funds our deceased Vice President had assisted with on returning to the U.S. Small Business Administration in June 2020 in good faith because that's what U.S. Navy (Honnorably Discharged) Veterans do if they were believing regulatory changes were coming down the pike that would not lead to government tax payer dependency to operate. Those funds were found to be also needed due to the massive loss of clients to keep KIOF-LP 97.9 FM on the air and serving the Las Vegas, Nevada valley with Emergency Alert System (EAS) services but were also denied by the U.S. Small Business Administration in October 2022. Numerous Congressional inquiries into these matters were opened by Las Vegas Public Radio in 2023 which included our organization's tax returns being submitted to the 118th Congress for use in the Weaponization of Government Committee. The organization also notified Nevada Governor Joe Lombardo on July 12, 2023 with some solutions as well as a meeting with Nevada Lieutenant Governor Stavros Anthony on September 6, 2023 on an action plan to begin getting the federally mandated Emergency Alert System (EAS) services restored for Las Vegas Public Radio. This plan was presented to the Lieutenant Governor during the meeting but by December 31, 2023, Las Vegas Public Radio Inc. was still unable to still carry it's mission and continued to be choked financially by any ability to apply for Corporation for Public Broadcasting (CPB) Radio Community Service Grant funding (Radio CSG) in 2023 or upcoming in 2024, U.S. Small Business Administration (for any emergency loans) and the State of Nevada Department of Education as a previously licensed PBS broadcaster on KIOF-LP/KVGK-LP 97.9 FM and permitted by it's Federal Communications Commission (FCC) construction permit for KQQY/KJPT 90.1 FM to continue serving southern Nevada. None of it's 2022 or even 2023 federal and state grants ever came through by December 31, 2023. The organization will seek legal remedies and restoration as KIOF 90.1 FM in 2024 to better understand why the Telecommunications Act of 1934 in SEC. 393. [47 U.S.C. 393] CRITERIA FOR APPROVAL AND EXPENDITURES BY SECRETARY OF COMMERCE. (c) Of the sums appropriated pursuant to section 391 for any fiscal year, a substantial amount shall be available for the expansion and development of noncommercial radio broadcast station facilities and the Nevada State Bill 555 of the Public Broadcasting Grant program administered through the Department of Education have failed to serve Las Vegas Public Radio Inc., as previously licensed on 97.9 FM for 100 watts and currently permitted on 90.1. FM at 48,000 watts to serve southern Nevada.

Part III, Statement of Program Service Accomplishments, 4A, 4B and 4C

Las Vegas Public Radio Inc. (LVPR) began processes in late 2022 to begin removing itself from the State of Nevada Public Broadcasting System (PBS) after it was awarded it's 48,000 Watt FM construction permit on 90.1 FM to serve southern Nevada. The organization began removing KIOF-LP 97.9 FM out of the PBS system in December 2022 through divestiture requirements on it's FCC construction permit. LVPR's Chief Operating Officer (COO) Sal Tuzzolino assisted the organization on the steps required to remove KIOF-LP 97.9 FM out of the state's PBS system and over to KVGK-LP 97.9 FM in 2023 temporarily so KVGK-LP 97.9 FM could be moved into a Low Power FM commercial research and development environment due to lack of federal and state financial support to operate KIOF-LP 97.9 FM and/or KVGK-LP 97.9 FM station(s) at Las Vegas Public Radio under the Telecommunications Act of 1934 under SEC. 393. 47 U.S.C. 393 CRITERIA FOR APPROVAL AND EXPENDITURES BY SECRETARY OF COMMERCE. c Of the sums appropriated pursuant to section 391 for any fiscal year, a substantial amount shall be available for the expansion and development of noncommercial radio broadcast station facilities. To reset Las Vegas Public Radio Inc. on December 31, 2023, the organization's COO was removed from the board of director's. Las Vegas Public Radio Inc. retains it's $1,400,000 of intangible assets for KJPT 90.1 FM, the organization's new 48,000 Watt FM station on December 31, 2023 through a reset of the organizations 2023 accounting system. Las Vegas Public Radio will continue to work with remaining vendors in 2024 using any and all legal means as necessary to get the organization un-choked financially so it may continue to serve southern Nevada while it waits on Congressional inquires to be returned to Las Vegas Public Radio by the 118th Congress in 2024 on exactly why a single PBS broadcaster has been so targeted and singled out within the non-commercial industry through tyranny and a weaponization of government from operating correctly and serving the people of southern Nevada.

Part X Balance Sheet, Line 14 Intangible assets

As Las Vegas Public Radio Inc. LVPR cannot operate sufficiently under the PBS system at the end of 2022 and has lost all of it's clients unable to operate effectivly to regain those lost clients in 2023 after KIOF-LP 97.9 FM went off the air on September 4, 2022. LVPR continues to freeze it's Intangible Assets using 2021 year end numbers and resets it's balance sheet further on December 31, 2023 as it continues to re-organize in 2024 with restoration of LVPR's Travel & Tourism business model. LVPR's Chief Operating Officer COO Sal Tuzzolino was removed from the board as of December 31, 2023 since he had nothing to operate in 2023 to help jump start the restoration of the organization's core mission/objectives after his 1 year employment contract expired by December 31, 2023 and was not renewed by the board due to a medical condition he was dealing with by the end of 2023. LVPR's 2021 Intangible Assets carrired over also to 2023 and are as follows: LPFM Signal - Nielsen Top 30/31 Market $800,000, LVPR Copyrights $100,000, LVPR Domains $300,000, LVPR Trademarks $200,000, T-Mobile Eningeering $0.00 Removed during 2021 tax year, NCE FM Signal - Nielsen Top 30/31 Market using existing LPFM Signal with addon TAPCU project started in very late 2022 for KIOF-LP 97.9 FM with a transition to KVGK-LP 97.9 FM in 2023 which was completed by May 12, 2023. The TAPCU project at LVPR is set to expire in January 2025 as the project winds down under the Low Power FM model being phased out at LVPR. Valuations will increase when the 90.1 FM signal goes on air as well as an additional call sign change to be made in 2024 based on ongoing market research both the former LVPR Vice President (who passed away on September 23, 2022) and COO had been working on in 2022 and 2023 with KQQY 90.1 FM/KJPT 90.1 FM for a reset back to KIOF 90.1 FM for 2024. The 2023 Continued Industry Valuation Model showed the NCE FM signal at 48,000 Watts once it goes on air to between $2.5 Million and $3 Million. During 2023 market research, LVPR COO Tuzzolino introduced a new annual realized salary pro-forma structure while working with KJPT 90.1 FM to be used upon available funding through other resources when the new 48,000 Watt FM radio station can be constructed as the organization goes back to it's roots to KIOF 90.1 FM in 2024 on restoring the Travel & Tourism station back to pre-COVID-19 organization objectives as a jobs creator for southern Nevada.

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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/MissionDesc0Restoring and resetting our Travel & Tourism station on KIOF 90.1 FM at 48,000 Watts in 2024. This restoration and going back to the organization's roots prior to COVID-19 using what worked with KIOF-LP 97.9 FM in the market as a jobs creator in southern Nevada is the key during this restoration from transitions of KIOF-LP 97.9 FM/KVGK-LP 97.9 FM and KQQY 90.1 FM/KJPT 90.1 FM at FCC Facility ID 190166 in North Las Vegas, Nevada continuing as of December 31, 2023.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The State of Nevada Department of Education "silenced and blocked" thousands upon thousands of southern Nevada residents with access to the airwaves on KIOF-LP 97.9 FM since October 2022 (and millions of tri-state potential listeners with access to the airwaves on the transition stations of KVGK-LP 97.9 FM and KJPT 90.1 FM by the end of 2023, also both non-commercial FM radio stations and the reasoning behind LVPR's TAPCU project). The organization went back to get it's $95,200 Emergency Injury Disaster Loan (EIDL) funds our deceased Vice President had assisted with on returning to the U.S. Small Business Administration in June 2020 in good faith because that's what U.S. Navy (Honnorably Discharged) Veterans do if they were believing regulatory changes were coming down the pike that would not lead to government tax payer dependency to operate. Those funds were found to be also needed due to the massive loss of clients to keep KIOF-LP 97.9 FM on the air and serving the Las Vegas, Nevada valley with Emergency Alert System (EAS) services but were also denied by the U.S. Small Business Administration in October 2022. Numerous Congressional inquiries into these matters were opened by Las Vegas Public Radio in 2023 which included our organization's tax returns being submitted to the 118th Congress for use in the Weaponization of Government Committee. The organization also notified Nevada Governor Joe Lombardo on July 12, 2023 with some solutions as well as a meeting with Nevada Lieutenant Governor Stavros Anthony on September 6, 2023 on an action plan to begin getting the federally mandated Emergency Alert System (EAS) services restored for Las Vegas Public Radio. This plan was presented to the Lieutenant Governor during the meeting but by December 31, 2023, Las Vegas Public Radio Inc. was still unable to still carry it's mission and continued to be choked financially by any ability to apply for Corporation for Public Broadcasting (CPB) Radio Community Service Grant funding (Radio CSG) in 2023 or upcoming in 2024, U.S. Small Business Administration (for any emergency loans) and the State of Nevada Department of Education as a previously licensed PBS broadcaster on KIOF-LP/KVGK-LP 97.9 FM and permitted by it's Federal Communications Commission (FCC) construction permit for KQQY/KJPT 90.1 FM to continue serving southern Nevada. None of it's 2022 or even 2023 federal and state grants ever came through by December 31, 2023. The organization will seek legal remedies and restoration as KIOF 90.1 FM in 2024 to better understand why the Telecommunications Act of 1934 in SEC. 393. [47 U.S.C. 393] CRITERIA FOR APPROVAL AND EXPENDITURES BY SECRETARY OF COMMERCE. (c) Of the sums appropriated pursuant to section 391 for any fiscal year, a substantial amount shall be available for the expansion and development of noncommercial radio broadcast station facilities and the Nevada State Bill 555 of the Public Broadcasting Grant program administered through the Department of Education have failed to serve Las Vegas Public Radio Inc., as previously licensed on 97.9 FM for 100 watts and currently permitted on 90.1. FM at 48,000 watts to serve southern Nevada.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Las Vegas Public Radio Inc. President & CEO Gregory P. LaPorta continues to be the President of Portsonic Communications, LLC, a Nevada Limited Liability Company with 100 membership of ownership for the Managed-Member company. Mr. Gregory P. LaPorta continues to be the President of Portsonic Communications, LLC, an Arizona Limited Liability Company with a 50 membership of ownership. Currently, Las Vegas Public Radio Inc. Secretary Hung Mui A. Chim continues to be the Secretary of Portsonic Communications, LLC, an Arizona Limited Liability Company with a 50 membership of ownership.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Portsonic Communications, LLC, a Nevada Limited Liability Company was delegated as the management company in 2012 for Las Vegas Public Radio Inc. to maintain contractual obligations with SBA Communications and T-Mobile since 2015 for groundspace supplemental operations for State of Nevada public broadcaster, KIOF-LP 97.9 FM at FCC Facility ID: 190166 as it transitioned over to KVGK-LP 97.9 FM by May 12, 2023 while working alongside Las Vegas Public Radio for KQQY/KJPT 90.1 FM it's 48,000 Watt new FM station to serve southern Nevada handling the Emergency Alert System (EAS) monitoring and other matters.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Las Vegas Public Radio Inc. (LVPR) began processes in late 2022 to begin removing itself from the State of Nevada Public Broadcasting System (PBS) after it was awarded it's 48,000 Watt FM construction permit on 90.1 FM to serve southern Nevada. The organization began removing KIOF-LP 97.9 FM out of the PBS system in December 2022 through divestiture requirements on it's FCC construction permit. LVPR's Chief Operating Officer (COO) Sal Tuzzolino assisted the organization on the steps required to remove KIOF-LP 97.9 FM out of the state's PBS system and over to KVGK-LP 97.9 FM in 2023 temporarily so KVGK-LP 97.9 FM could be moved into a Low Power FM commercial research and development environment due to lack of federal and state financial support to operate KIOF-LP 97.9 FM and/or KVGK-LP 97.9 FM station(s) at Las Vegas Public Radio under the Telecommunications Act of 1934 under SEC. 393. 47 U.S.C. 393 CRITERIA FOR APPROVAL AND EXPENDITURES BY SECRETARY OF COMMERCE. c Of the sums appropriated pursuant to section 391 for any fiscal year, a substantial amount shall be available for the expansion and development of noncommercial radio broadcast station facilities. To reset Las Vegas Public Radio Inc. on December 31, 2023, the organization's COO was removed from the board of director's. Las Vegas Public Radio Inc. retains it's $1,400,000 of intangible assets for KJPT 90.1 FM, the organization's new 48,000 Watt FM station on December 31, 2023 through a reset of the organizations 2023 accounting system. Las Vegas Public Radio will continue to work with remaining vendors in 2024 using any and all legal means as necessary to get the organization un-choked financially so it may continue to serve southern Nevada while it waits on Congressional inquires to be returned to Las Vegas Public Radio by the 118th Congress in 2024 on exactly why a single PBS broadcaster has been so targeted and singled out within the non-commercial industry through tyranny and a weaponization of government from operating correctly and serving the people of southern Nevada.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6As Las Vegas Public Radio Inc. LVPR cannot operate sufficiently under the PBS system at the end of 2022 and has lost all of it's clients unable to operate effectivly to regain those lost clients in 2023 after KIOF-LP 97.9 FM went off the air on September 4, 2022. LVPR continues to freeze it's Intangible Assets using 2021 year end numbers and resets it's balance sheet further on December 31, 2023 as it continues to re-organize in 2024 with restoration of LVPR's Travel & Tourism business model. LVPR's Chief Operating Officer COO Sal Tuzzolino was removed from the board as of December 31, 2023 since he had nothing to operate in 2023 to help jump start the restoration of the organization's core mission/objectives after his 1 year employment contract expired by December 31, 2023 and was not renewed by the board due to a medical condition he was dealing with by the end of 2023. LVPR's 2021 Intangible Assets carrired over also to 2023 and are as follows: LPFM Signal - Nielsen Top 30/31 Market $800,000, LVPR Copyrights $100,000, LVPR Domains $300,000, LVPR Trademarks $200,000, T-Mobile Eningeering $0.00 Removed during 2021 tax year, NCE FM Signal - Nielsen Top 30/31 Market using existing LPFM Signal with addon TAPCU project started in very late 2022 for KIOF-LP 97.9 FM with a transition to KVGK-LP 97.9 FM in 2023 which was completed by May 12, 2023. The TAPCU project at LVPR is set to expire in January 2025 as the project winds down under the Low Power FM model being phased out at LVPR. Valuations will increase when the 90.1 FM signal goes on air as well as an additional call sign change to be made in 2024 based on ongoing market research both the former LVPR Vice President (who passed away on September 23, 2022) and COO had been working on in 2022 and 2023 with KQQY 90.1 FM/KJPT 90.1 FM for a reset back to KIOF 90.1 FM for 2024. The 2023 Continued Industry Valuation Model showed the NCE FM signal at 48,000 Watts once it goes on air to between $2.5 Million and $3 Million. During 2023 market research, LVPR COO Tuzzolino introduced a new annual realized salary pro-forma structure while working with KJPT 90.1 FM to be used upon available funding through other resources when the new 48,000 Watt FM radio station can be constructed as the organization goes back to it's roots to KIOF 90.1 FM in 2024 on restoring the Travel & Tourism station back to pre-COVID-19 organization objectives as a jobs creator for southern Nevada.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Part III, Statement of Program Service Accomplishments, 4a, 4b and 4c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Part X Balance Sheet, Line 14 Intangible assets
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