Civic Intelligence

Marfa Public Radio Corporation

EIN 56-2497864 • 501(c)3 • Marfa, TX

Profile

To be a public service and a lifeline for our community, to unify and promote cultural enrichment through presentation and focus on the importance of art, education and science, quality of life and the local economy.

PO Box 238Marfa, TX 79843

www.marfapublicradio.org

Siviq Scores

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

Liabilities / Assets

65th percentile

0.18x

Higher debt load relative to assets than 65% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

71st percentile

0.26x

Higher debt load relative to revenue than 71% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

73rd percentile

20%

Higher net margin than 73% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

81st percentile

$145,592

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 8.4% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

70th percentile

12%

Faster asset growth than 70% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

79th percentile

39%

Faster revenue growth than 79% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$2,564,871

Up $278,860 (+12%) from 2023

Liabilities

Down

$459,762

Down $72,644 (-14%) from 2023

Net Assets

Up

$2,105,109

Up $351,504 (+20%) from 2023

Revenue

Up

$1,735,715

Up $485,803 (+39%) from 2023

Expenses

Down

$1,384,211

Down $121,829 (-8.1%) from 2023

Net Income

Up

$351,504

Up $607,632 (+237%) from 2023

Trend Graphs

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2011: $1,216,108Liabilities 2011: $175,764Net Assets 2011: $1,040,3442011Assets 2012: $1,228,088Liabilities 2012: $150,523Net Assets 2012: $1,077,5652012Assets 2013: $1,547,975Liabilities 2013: $443,896Net Assets 2013: $1,104,0792013Assets 2014: $1,708,259Liabilities 2014: $546,014Net Assets 2014: $1,162,2452014Assets 2015: $1,540,408Liabilities 2015: $342,056Net Assets 2015: $1,198,3522015Assets 2016: $1,154,320Liabilities 2016: $130,928Net Assets 2016: $1,023,3922016Assets 2018: $1,412,713Liabilities 2018: $98,875Net Assets 2018: $1,313,8382018Assets 2019: $1,251,221Liabilities 2019: $22,278Net Assets 2019: $1,228,9432019Assets 2021: $2,640,592Liabilities 2021: $333,603Net Assets 2021: $2,306,9892021Assets 2022: $2,595,361Liabilities 2022: $585,628Net Assets 2022: $2,009,7332022Assets 2023: $2,286,011Liabilities 2023: $532,406Net Assets 2023: $1,753,6052023Assets 2024: $2,564,871Liabilities 2024: $459,762Net Assets 2024: $2,105,1092024

Highlighted filing

2024

Assets$2,564,871
Liabilities$459,762
Net Assets$2,105,109

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $471,859Expenses 2011: $445,243Net Income 2011: $26,6162011Revenue 2012: $605,463Expenses 2012: $599,874Net Income 2012: $5,5892012Revenue 2013: $790,119Expenses 2013: $780,307Net Income 2013: $9,8122013Revenue 2014: $973,761Expenses 2014: $940,684Net Income 2014: $33,0772014Revenue 2015: $902,715Expenses 2015: $880,813Net Income 2015: $21,9022015Revenue 2016: $784,023Expenses 2016: $959,098Net Income 2016: -$175,0752016Revenue 2018: $1,142,722Expenses 2018: $931,826Net Income 2018: $210,8962018Revenue 2019: $1,011,588Expenses 2019: $954,929Net Income 2019: $56,6592019Revenue 2021: $2,092,170Expenses 2021: $1,195,128Net Income 2021: $897,0422021Revenue 2022: $1,157,506Expenses 2022: $1,454,762Net Income 2022: -$297,2562022Revenue 2023: $1,249,912Expenses 2023: $1,506,040Net Income 2023: -$256,1282023Revenue 2024: $1,735,715Expenses 2024: $1,384,211Net Income 2024: $351,5042024

Highlighted filing

2024

Revenue$1,735,715
Expenses$1,384,211
Net Income$351,504

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jun 10, 2025
Return Version
2024v5.1
Gross Receipts
$1,829,100
Mission and Program Overview

Mission

To be a public service and a lifeline for our community, to unify and promote cultural enrichment through presentation and focus on the importance of art, education and science, quality of life and the local economy.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$884,176$856,727▼ $27,449
Cash and Non-Interest-Bearing Accounts$592,987$844,242▲ $251,255
Pledges and Grants Receivable$50,810$172,874▲ $122,064
Savings and Temporary Cash Investments$102,703$103,646▲ $943
Prepaid Expenses and Deferred Charges$30,169$23,198▼ $6,971
Accounts Receivable$5,460$3,355▼ $2,105
Total Assets$2,286,011$2,564,871▲ $278,860
Other Assets Total$619,706$560,829▼ $58,877
Liabilities
Mortgage Notes Payable Secured by Investment Property$242,760$228,173▼ $14,587
Other Liabilities$194,401$172,825▼ $21,576
Accounts Payable and Accrued Expenses$95,245$50,939▼ $44,306
Deferred Revenue-$7,825-
Total Liabilities$532,406$459,762▼ $72,644
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,681,869$1,566,904▼ $114,965
Net Assets With Donor Restrictions$71,736$538,205▲ $466,469
Total Net Assets Fund Balance$1,753,605$2,105,109▲ $351,504
Total Liabilities and Net Assets / Fund Balance$2,286,011$2,564,871▲ $278,860

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$137,559$1,095,811$1,233,370
Buildings$569,168$209,862$779,030
Land$150,000-$150,000
Other Land Buildings$0$18,133$18,133
Other Assets Org$158,344--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Elise PeppleExecutive DirectorFT$138,846$6,746$145,592

Board Members and Trustees

NameTitle
Michael PachecoPresident
Karmen BryantVice-president
Dick DeguerinDirector
Jeff PopeDirector
Jennifer FerroDirector
Liz LambertDirector
Lorri KershnerDirector
Susan NicholsDirector
Susan RandolphDirector
Jeremy SteeleTreasurer/secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$1,624,973
Program Service Revenue
$17,838
Investment Income
$943
Other Revenue
$91,961
All Other Contributions
$1,254,661
Change in Net Assets
$351,504

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,735,715
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$9,650
Total Revenue per Audited Statements
$1,745,365
Total Revenue per Form 990
$1,735,715
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$755,612
Other Expenses$628,599
Total Fundraising Expense$227,768
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$382,606$54,815$76,786$514,207
Current Officers, Directors, Trustees, and Key Employees$46,282$46,282$46,282$138,846
Occupancy$76,251$9,876-$86,127
Fees for Services Other$25,305$3,412$37,583$66,300
Fees for Services Accounting-$65,667-$65,667
Other Employee Benefits$31,431$13,924$6,698$52,053
Payroll Taxes$33,118$7,782$9,606$50,506
Depreciation Depletion$43,218$1,554$2,791$47,563
Information Technology$18,944$15,450$10,879$45,273
Insurance$5,970$36,781-$42,751
Travel$10,285$11,542$11,834$33,661
Fees for Services Legal-$22,974-$22,974
Interest-$11,199-$11,199
Other Expenses$12,102$37$9,894$9,931
Office Expenses$32$6,871-$6,903
All Other Expenses$2,613$1,892-$4,505
Advertising$428-$3,446$3,874
Total Functional Expenses$838,241$318,202$227,768$1,384,211

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,393,861
Expenses per Audited Statements$1,384,211
Total Expenses per Form 990$1,384,211
Expenses Not Reported on Form 990$9,650
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$144,200
Fundraising Direct Expenses$76,833
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Marfa to Midland$144,200$144,200$76,833$67,367
Total Events$144,200$144,200$76,833$67,367
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Obligations$172,825
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 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, Part VI, Section B, Line 11B

Form 990 is provided to the board treasurer for review before filing.

Form 990, Part VI, Section B, Line 12C

The organization consistently monitors and enforces compliance with the conflict of interest policy at regular board meetings and through board involvement.

Form 990, Part VI, Section C, Line 19

The governing documents and conflict of interest policy are available upon request. The financial statements are posted on our website.

Filing and Contact Details

Filer

Filer Name
Marfa Public Radio Corporation
EIN
56-2497864
Phone
4327294578
Address
PO BOX 238, MARFA, TX 79843

Signing Officer

Name
Jeremy Steele
Title
Secretary/treasurer
Phone
4327294578
Signed
2025-06-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Pacheco
Formed
2005
Legal Domicile
TX
Voting Board Members
10
Independent Board Members
10
Employees
14
Volunteers
32

Preparer

Firm
Brock and Company Cpas Pc
Address
4940 PEARL EAST CR SUITE 300, BOULDER, CO 80301
Preparer
Kevin Rickman
Phone
3034442971
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IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt0324621
IRS990/MembersOrStockholdersInd00
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IRS990/MinutesOfCommitteesInd01
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IRS990/MissionDesc0TO BE A PUBLIC SERVICE AND A LIFELINE FOR OUR COMMUNITY, TO UNIFY AND PROMOTE CULTURAL ENRICHMENT THROUGH PRESENTATION AND FOCUS ON THE IMPORTANCE OF ART, EDUCATION AND SCIENCE, QUALITY OF LIFE AND THE LOCAL ECONOMY.
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IRS990/MoreThan5000KToOrgInd00
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IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0228173
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IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt067367
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IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt06147
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IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01566904
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt09876
IRS990/OccupancyGrp/ProgramServicesAmt076251
IRS990/OccupancyGrp/TotalAmt086127
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt06871
IRS990/OfficeExpensesGrp/ProgramServicesAmt032
IRS990/OfficeExpensesGrp/TotalAmt06903
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
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IRS990/OtherAssetsTotalGrp/EOYAmt0560829
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IRS990/OtherExpensesGrp/Desc0PROGRAMMING
IRS990/OtherExpensesGrp/Desc1DUES AND LICENSES
IRS990/OtherExpensesGrp/Desc2PRINTING AND POSTAGE
IRS990/OtherExpensesGrp/Desc3BANK AND CREDIT CARD FE
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IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt09606
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt07782
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IRS990/PledgesAndGrantsReceivableGrp/BOYAmt050810
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IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt017177
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
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IRS990/ScheduleBRequiredInd01
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt0209862
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0779030
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt09650
IRS990ScheduleD/DonatedServicesUseFcltsAmt09650
IRS990ScheduleD/EquipmentGrp/BookValueAmt0137559
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01095811
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01233370
IRS990ScheduleD/ExpensesNotReportedAmt09650
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01384211
IRS990ScheduleD/LandGrp/BookValueAmt0150000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0150000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0392207
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt110278
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2158344
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0BROADCAST LICENSES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1OTHER RECEIVABLE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2RIGHT-OF-USE OPERATING LEASE ASSETS
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