Civic Intelligence

Wslr Inc.

990 • Fiscal year 2023 • EIN 56-2485148

Aug 01, 2022 to Jul 31, 2023 • Filed on Nov 15, 2023

525 Kumquat CTSarasota, FL 34236

(941) 894-6469

Siviq Scores

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

Liabilities / Assets

76th percentile

0.33x

Higher debt load relative to assets than 76% of similar nonprofits.

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

Liabilities / Revenue

83rd percentile

0.62x

Higher debt load relative to revenue than 83% of similar nonprofits.

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

Net Margin

61st percentile

9.9%

Higher net margin than 61% of similar nonprofits.

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

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

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

Asset Growth

58th percentile

7.6%

Faster asset growth than 58% of similar nonprofits.

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

Revenue Growth

38th percentile

0.3%

Faster revenue growth than 38% of similar nonprofits.

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

Assets

Up

$1,027,291

Up $73,000 (+7.6%) from 2022

Net Assets

Up

$692,892

Up $90,490 (+15%) from 2022

Liabilities

Down

$334,399

Down $17,490 (-5.0%) from 2022

Revenue

Up

$541,375

Up $1,872 (+0.3%) from 2022

Expenses

Up

$488,041

Up $159,323 (+48%) from 2022

Net Income

Down

$53,334

Down $157,451 (-75%) from 2022

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2011: $151,954Liabilities 2011: $02011Assets 2012: $157,411Liabilities 2012: $02012Assets 2013: $171,334Liabilities 2013: $02013Assets 2014: $171,517Liabilities 2014: $870Net Assets 2014: $170,6472014Assets 2015: $174,488Liabilities 2015: $9482015Assets 2016: $185,226Liabilities 2016: $1,0112016Assets 2017: $240,941Liabilities 2017: $1,378Net Assets 2017: $239,5632017Assets 2018: $676,547Liabilities 2018: $392,196Net Assets 2018: $284,3512018Assets 2019: $674,109Liabilities 2019: $380,102Net Assets 2019: $294,0072019Assets 2020: $746,028Liabilities 2020: $408,476Net Assets 2020: $337,5522020Assets 2021: $880,642Liabilities 2021: $479,437Net Assets 2021: $401,2052021Assets 2022: $954,291Liabilities 2022: $351,889Net Assets 2022: $602,4022022Assets 2023: $1,027,291Liabilities 2023: $334,399Net Assets 2023: $692,8922023Assets 2024: $1,130,654Liabilities 2024: $325,197Net Assets 2024: $805,4572024Assets 2025: $1,166,969Liabilities 2025: $307,825Net Assets 2025: $859,1442025

Highlighted filing

2023

Assets$1,027,291
Liabilities$334,399
Net Assets$692,892

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2011: $135,085Expenses 2011: $111,683Net Income 2011: $23,4022011Revenue 2012: $116,252Expenses 2012: $120,915Net Income 2012: -$4,6632012Revenue 2013: $143,241Expenses 2013: $119,177Net Income 2013: $24,0642013Revenue 2014: $145,438Expenses 2014: $146,230Net Income 2014: -$7922014Revenue 2015: $156,354Expenses 2015: $153,458Net Income 2015: $2,8962015Revenue 2016: $188,129Expenses 2016: $177,155Net Income 2016: $10,9742016Revenue 2017: $253,987Expenses 2017: $195,664Net Income 2017: $58,3232017Revenue 2018: $258,934Expenses 2018: $231,712Net Income 2018: $27,2222018Revenue 2019: $282,154Expenses 2019: $272,498Net Income 2019: $9,6562019Revenue 2020: $335,532Expenses 2020: $291,988Net Income 2020: $43,5442020Revenue 2021: $315,644Expenses 2021: $243,624Net Income 2021: $72,0202021Revenue 2022: $539,503Expenses 2022: $328,718Net Income 2022: $210,7852022Revenue 2023: $541,375Expenses 2023: $488,041Net Income 2023: $53,3342023Revenue 2024: $708,058Expenses 2024: $584,185Net Income 2024: $123,8732024Revenue 2025: $807,388Expenses 2025: $779,258Net Income 2025: $28,1302025

Highlighted filing

2023

Revenue$541,375
Expenses$488,041
Net Income$53,334
Jump To
Filing Snapshot
Filing Period
Aug 1, 2022 to Jul 31, 2023
Signed
Nov 15, 2023
Return Version
2022v5.0
Gross Receipts
$541,375
Mission and Program Overview

Mission

Wslr, inc. Operates a community media arts center and a low power community radio station.

Operate a community radio station and a community arts center.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$497,732$541,224▲ $43,492
Cash and Non-Interest-Bearing Accounts$414,831$481,815▲ $66,984
Loans From Officers Directors$334,392$318,834▼ $15,558
Inventories for Sale or Use$1,721$2,317▲ $596
Accounts Receivable-$1,935-
Prepaid Expenses and Deferred Charges$400--
Total Assets$954,291$1,027,291▲ $73,000
Other Assets Total$39,607--
Liabilities
Deferred Revenue$10,000$10,500▲ $500
Other Liabilities$2,433$2,871▲ $438
Accounts Payable and Accrued Expenses$5,064$2,194▼ $2,870
Total Liabilities$351,889$334,399▼ $17,490
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$587,402$677,892▲ $90,490
Net Assets With Donor Restrictions$15,000$15,000→ $0
Total Net Assets Fund Balance$602,402$692,892▲ $90,490
Total Liabilities and Net Assets / Fund Balance$954,291$1,027,291▲ $73,000

Asset Categories

AssetBook ValueDepreciationBasis
Land$314,650-$314,650
Buildings$139,909$37,941$177,850
Leasehold Improvements$26,915$66,711$93,626
Other Land Buildings$58,840$494$59,334
Equipment$910$19,742$20,652

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$15,000---$15,000
2019$15,000---$15,000
2018-$15,000--$15,000
Compensation and Service Providers

Board Members and Trustees

NameTitle
Ed SubkisBoard Chair
Dru GreeneBoard Vice C
David BrainDirector
Mariano VeraDirector
Paul ScireDirector
Sharon Preston-foltaDirector
Sophia BrownDirector
Stan ZimmermanDirector
Brian JonesSecretary
Jennifer RippelTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$306,059
Program Service Revenue
$230,219
Investment Income
$5,097
Other Revenue
$0
All Other Contributions
$134,162
Change in Net Assets
$53,334
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$320,823
Salaries, Compensation, and Employee Benefits$167,218
Total Fundraising Expense$34,329
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$93,188$31,063$31,063$155,314
Depreciation Depletion$47,645$5,353-$52,998
Occupancy-$21,664-$21,664
All Other Expenses-$13,518$885$14,403
Interest-$13,139-$13,139
Advertising$11,909--$11,909
Payroll Taxes$7,142$2,381$2,381$11,904
Other Expenses$8,710--$8,710
Insurance-$4,107-$4,107
Office Expenses-$3,547-$3,547
Conferences and Meetings-$3,345-$3,345
Total Functional Expenses$355,595$98,117$34,329$488,041
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
Loans from Officers, Directors, Trustees, and Key Employees$334,392$318,834▼ $15,558
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Liability$2,871
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 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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

Copy of form 990 is provided to board members to review at board meeting.

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

All board members and managers are required to complete a conflict of interest statement on an annual basis.

Form 990, Page 6, Part VI, Line 18

Http://www.thegivingpartner.org/organizations/wslr-inc

Form 990, Page 6, Part VI, Line 19

Documents are available at our wslr office

Filing and Contact Details

Filer

Filer Name
Wslr Inc
EIN
56-2485148
Phone
9418946469
Address
525 KUMQUAT CT, SARASOTA, FL 34236
Doing Business As
Fogartyville Comm Media & Arts Ctr

Signing Officer

Name
Ed Subkis
Title
Board Chair
Phone
9418946469
Signed
2023-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ed Subkis
Formed
2004
Legal Domicile
Fl
Voting Board Members
10
Independent Board Members
10
Employees
13

Preparer

Firm
Braxton & Holway Pa
Address
6404 MANATEE AVE W SUITE K, BRADENTON, FL 34209
Preparer
Stuart G Histon CPA
Phone
9417925800
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Book / tax depreciation difference 38,164 book/tax gain/loss from sale of assets difference -1,008 total 37,156

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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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IRS990ScheduleD/EquipmentGrp/DepreciationAmt019742
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt020652
IRS990ScheduleD/LandGrp/BookValueAmt0314650
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0314650
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0COPY OF FORM 990 IS PROVIDED TO BOARD MEMBERS TO REVIEW AT BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL BOARD MEMBERS AND MANAGERS ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST STATEMENT ON AN ANNUAL BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2HTTP://WWW.THEGIVINGPARTNER.ORG/ORGANIZATIONS/WSLR-INC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTS ARE AVAILABLE AT OUR WSLR OFFICE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BOOK / TAX DEPRECIATION DIFFERENCE 38,164 BOOK/TAX GAIN/LOSS FROM SALE OF ASSETS DIFFERENCE -1,008 TOTAL 37,156
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.17$0.31$0.86$0.81$0.78$0.03
2024Detailed filing. Detailed filing data is available for this year.$1.13$0.33$0.81$0.71$0.58$0.12
2023Detailed filing. Detailed filing data is available for this year.$1.03$0.33$0.69$0.54$0.49$0.05
2022Detailed filing. Detailed filing data is available for this year.$0.95$0.35$0.60$0.54$0.33$0.21
2021Detailed filing. Detailed filing data is available for this year.$0.88$0.48$0.40$0.32$0.24$0.07
2020Summary only. Only limited summary data is available for this year.$0.75$0.41$0.34$0.34$0.29$0.04
2019Summary only. Only limited summary data is available for this year.$0.67$0.38$0.29$0.28$0.27$0.01
2018Summary only. Only limited summary data is available for this year.$0.68$0.39$0.28$0.26$0.23$0.03
2017Summary only. Only limited summary data is available for this year.$0.24$0.00$0.24$0.25$0.20$0.06
2016Summary only. Only limited summary data is available for this year.$0.19$0.00$0.19$0.18$0.01
2015Summary only. Only limited summary data is available for this year.$0.17$0.00$0.16$0.15$0.00
2014Summary only. Only limited summary data is available for this year.$0.17$0.00$0.17$0.15$0.15$0.00
2013Summary only. Only limited summary data is available for this year.$0.17$0.00$0.14$0.12$0.02
2012Summary only. Only limited summary data is available for this year.$0.16$0.00$0.12$0.12$0.00
2011Summary only. Only limited summary data is available for this year.$0.15$0.00$0.14$0.11$0.02