Civic Intelligence

Radio Training Network Inc.

990 • Fiscal year 2014 • EIN 58-1585542

Jan 01, 2014 to Dec 31, 2014 • Filed on May 28, 2015

2420 Wade Hampton BlvdGreenville, SC 29615

(864) 292-6040

Siviq Scores

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

Liabilities / Assets

27th percentile

0.08x

Higher debt load relative to assets than 27% of similar nonprofits.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2014

Liabilities / Revenue

23rd percentile

0.11x

Higher debt load relative to revenue than 23% of similar nonprofits.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2014

Net Margin

76th percentile

17%

Higher net margin than 76% of similar nonprofits.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2014

Top Officer Pay

70th percentile

$344,402

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 1.9% of source-year revenue.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2014

Asset Growth

71st percentile

10%

Faster asset growth than 71% of similar nonprofits.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2013 to 2014

Revenue Growth

65th percentile

9.3%

Faster revenue growth than 65% of similar nonprofits.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2013 to 2014

Assets

Up

$25,216,900

Up $2,381,376 (+10%) from 2013

Net Assets

Up

$23,226,073

Up $3,066,825 (+15%) from 2013

Liabilities

Down

$1,990,827

Down $685,449 (-26%) from 2013

Revenue

Up

$17,674,323

Up $1,509,077 (+9.3%) from 2013

Expenses

Up

$14,607,498

Up $1,567,178 (+12%) from 2013

Net Income

Down

$3,066,825

Down $58,101 (-1.9%) from 2013

Historical Trend

Balance Sheet Trend

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

$150M$100M$50M$0Assets 2011: $17,784,346Liabilities 2011: $3,914,760Net Assets 2011: $13,869,5862011Assets 2012: $20,260,418Liabilities 2012: $3,226,096Net Assets 2012: $17,034,3222012Assets 2013: $22,835,524Liabilities 2013: $2,676,276Net Assets 2013: $20,159,2482013Assets 2014: $25,216,900Liabilities 2014: $1,990,827Net Assets 2014: $23,226,0732014Assets 2015: $27,745,616Liabilities 2015: $1,273,101Net Assets 2015: $26,472,5152015Assets 2016: $32,005,861Liabilities 2016: $1,122,056Net Assets 2016: $30,883,8052016Assets 2017: $35,889,453Liabilities 2017: $1,043,581Net Assets 2017: $34,845,8722017Assets 2018: $40,727,758Liabilities 2018: $1,059,577Net Assets 2018: $39,668,1812018Assets 2019: $46,768,620Liabilities 2019: $1,290,605Net Assets 2019: $45,478,0152019Assets 2020: $52,652,217Liabilities 2020: $1,034,736Net Assets 2020: $51,617,4812020Assets 2021: $60,653,568Liabilities 2021: $1,078,908Net Assets 2021: $59,574,6602021Assets 2022: $84,394,130Liabilities 2022: $16,098,768Net Assets 2022: $68,295,3622022Assets 2023: $94,144,240Liabilities 2023: $16,458,422Net Assets 2023: $77,685,8182023Assets 2024: $100,306,250Liabilities 2024: $15,722,460Net Assets 2024: $84,583,7902024

Highlighted filing

2014

Assets$25,216,900
Liabilities$1,990,827
Net Assets$23,226,073

Operations Trend

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

$40M$30M$20M$10M$0Expenses 2011: $10,530,4582011Expenses 2012: $11,889,8062012Revenue 2013: $16,165,246Expenses 2013: $13,040,320Net Income 2013: $3,124,9262013Revenue 2014: $17,674,323Expenses 2014: $14,607,498Net Income 2014: $3,066,8252014Revenue 2015: $19,395,131Expenses 2015: $16,148,689Net Income 2015: $3,246,4422015Revenue 2016: $21,268,387Expenses 2016: $16,857,097Net Income 2016: $4,411,2902016Revenue 2017: $22,834,317Expenses 2017: $18,872,250Net Income 2017: $3,962,0672017Revenue 2018: $24,741,726Expenses 2018: $19,919,417Net Income 2018: $4,822,3092018Revenue 2019: $27,116,780Expenses 2019: $21,306,946Net Income 2019: $5,809,8342019Revenue 2020: $26,115,309Expenses 2020: $19,975,843Net Income 2020: $6,139,4662020Revenue 2021: $30,620,597Expenses 2021: $22,663,418Net Income 2021: $7,957,1792021Revenue 2022: $34,874,726Expenses 2022: $25,804,130Net Income 2022: $9,070,5962022Revenue 2023: $36,866,699Expenses 2023: $27,904,144Net Income 2023: $8,962,5552023Revenue 2024: $36,327,263Expenses 2024: $29,550,715Net Income 2024: $6,776,5482024

Highlighted filing

2014

Revenue$17,674,323
Expenses$14,607,498
Net Income$3,066,825
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
May 28, 2015
Return Version
2014v5.0
Gross Receipts
$17,743,590
Mission and Program Overview

Mission

The organizations defined mission statement is to extend the reach of christian community, by affirming that which is positive in our culture, and penetrating our world as salt and light with the life-transforming gospel of jesus christ.

The organization's defined mission statement is to extend the reach of christian community, by affirming that which is positive in our culture, and penetrating our world as salt and light with the life-transforming gospel of jesus christ. The organization's purpose is to promote and foster formal educational and christian broadcast education and training to accredited institutions and others through the acquisition, establishment, operation and management of radio stations. The network's facilities shall all be operated for the advancement of the gospel of jesus christ.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$7,406,396$9,251,900▲ $1,845,504
Land, Buildings, and Equipment, Net$4,624,201$4,753,888▲ $129,687
Prepaid Expenses and Deferred Charges$455,010$495,428▲ $40,418
Accounts Receivable$110,907$61,607▼ $49,300
Other Notes and Loans Receivable, Net$25,000$25,000→ $0
Total Assets$22,835,524$25,216,900▲ $2,381,376
Other Assets Total$10,214,010$10,629,077▲ $415,067
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,399,215$1,599,180▼ $800,035
Accounts Payable and Accrued Expenses$257,942$367,386▲ $109,444
Deferred Revenue$19,119$24,261▲ $5,142
Total Liabilities$2,676,276$1,990,827▼ $685,449
Net Assets / Fund Balance
Unrestricted Net Assets$20,159,248$23,226,073▲ $3,066,825
Total Net Assets Fund Balance$20,159,248$23,226,073▲ $3,066,825
Total Liabilities and Net Assets / Fund Balance$22,835,524$25,216,900▲ $2,381,376

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$3,209,558$5,739,513$8,949,071
Other Land Buildings$441,751$489,035$930,786
Land$725,780-$725,780
Buildings$332,763$339,366$672,129
Leasehold Improvements$44,036$289,171$333,207
Other Assets Org$45,082--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Lee FreemanPresident/ceFT$334,335$10,067$344,402
Johanna M AntesPresident/CEO-$198,090$146,312$344,402
Ted MccallDirector ofFT$152,989$20,541$173,530
Ted MccallDirector of Support-$143,196$30,334$173,530
W Allen HendersonChief EngineFT$144,068$11,558$155,626
-Chief Engineer-$141,942$13,684$155,626
Thomas L BrownGeneral MgrFT$128,068$10,923$138,991
Carmen B RadekaAnnouncer -FT$111,820$21,352$133,172
-Wjis ProgramFT$108,960$23,688$132,648
Johanna M AntesAssistant SeFT$82,923$5,296$88,219

Board Members and Trustees

NameTitle
Larry MaxwellChairman
Ruth J CampbellDirector
Michael L WatkinsSecretary/tr
Dan McbrideVice-preside

Highest Paid Contractors

ContractorServicesLocationCompensation
Wenstrom Communications INCBillboard Adv2431 ESTANCIA BLVD BLDG C, Clearwater, FL 33761$414,665
Laser Print Plus INCNewsletter1261 1ST ST SE, Columbia, SC 29209$250,857
J2 Arts INCArtwork Design708 18TH AVE DR W, Palmetto, FL 34221$125,760
Revenue and Support

Revenue Composition

Contributions and Grants
$11,983,357
Program Service Revenue
$5,171,857
Investment Income
$201,647
Other Revenue
$317,462
All Other Contributions
$11,983,357
Change in Net Assets
$3,066,825

Audited Revenue Reconciliation

Revenue per Audited Statements
$17,674,323
Revenue Not Reported on Form 990
$67,059
Total Revenue per Audited Statements
$17,741,382
Total Revenue per Form 990
$17,674,323
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$8,069,238
Salaries, Compensation, and Employee Benefits$6,472,915
Total Fundraising Expense$564,965
Grants and Similar Amounts Paid$65,345
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,824,596$116,001-$4,940,597
Occupancy$1,746,071$20,598-$1,766,669
Advertising$788,194--$788,194
Depreciation Depletion$705,652$10,927-$716,579
Office Expenses$625,130$10,153-$635,283
Other Employee Benefits$572,561$24,289-$596,850
All Other Expenses$496,375$21,687-$518,062
Current Officers, Directors, Trustees, and Key Employees-$430,852-$430,852
Payroll Taxes$351,040$26,954-$377,994
Other Expenses$314,822$5,486$564,965$320,308
Insurance$216,342$9,497-$225,839
Information Technology$193,589--$193,589
Travel$181,882$9,998-$191,880
Fees for Services Other$164,903--$164,903
Pension Plan Contributions$117,084$9,538-$126,622
Interest$81,944--$81,944
Grants to Domestic Orgs$65,345--$65,345
Fees for Services Accounting$50,781$4,056-$54,837
Conferences and Meetings$51,024$2,605-$53,629
Fees for Services Legal$20,448$7,623-$28,071
Total Functional Expenses$13,332,269$710,264$564,965$14,607,498

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$14,674,557
Expenses per Audited Statements$14,607,498
Total Expenses per Form 990$14,607,498
Expenses Not Reported on Form 990$67,059
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Feeding Children EverywhereLongwood, FL501c3Meals to Children$27,554
Reach BeyondColorado Springs, CO501c3Spread Gospel$23,994
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
No
Audit committee
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
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Jim campbell ruth campbell ceo asst sec. Married

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

Jim campbell, president/ceo, dan mcbride, secretary treasurer, and karyn criswell, network accountant, all review form 990 & form 990-t before filing.

Form 990, Page 6, Part VI, Line 19

The organization makes its financial statements and form 990, form 990-t and form 1023 available to the public upon request. The organization does not make its conflict of interest or governing documents available for public inspection.

Filing and Contact Details

Filer

Filer Name
Radio Training Network Inc
EIN
58-1585542
Phone
8642926040
Address
2420 WADE HAMPTON BLVD, GREENVILLE, SC 29615

Signing Officer

Name
Dan Mcbride
Title
Secretary/treasurer
Phone
8642926040
Signed
2015-05-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James L Campbell
Formed
1984
Legal Domicile
Ga
Voting Board Members
5
Independent Board Members
4
Employees
102
Volunteers
790

Preparer

Firm
Fletcher & Associates Pc
Address
PO BOX 677, THOMASVILLE, GA 31799-0677
Preparer
Ruby M White
Phone
2292262241
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The organization's defined mission statement is to extend the reach of christian community, by affirming that which is positive in our culture, and penetrating our world as salt and light with the life-transforming gospel of jesus christ. The organization's purpose is to promote and foster formal educational and christian broadcast education and training to accredited institutions and others through the acquisition, establishment, operation and management of radio stations. The network's facilities shall all be operated for the advancement of the gospel of jesus christ.

Form 990, Page 2, Part III, Line 4D

(expenses 1,010,514 including grants of 5,010) (revenue 303,511) operation & management of radio stations in georgia (wafj, wzae, & wbij) which are operated for religious purposes. (expenses 810,201, including grants of 3,732) (revenue 313,811) operation & management of a radio station in missouri (kwnd) which is operated for religious purposes. (expenses 810,511, including grants of 3,316) (revenue 444,752) operation & management of radio stations in north carolina (wrtp & wcce) which are operated for religious purposes. (expenses 437,107, including grants of 1,650) (revenue 199,581) operation & management of a radio station in alabama (wizb) which is operated for religious purposes.

Form 990, Part XI, Line 9

Rental & lease exp incl on form 990 part viii, line 6b 65,496 loss on disp of equip incl on form 990 part viii line 7b 1,563 rental & lease exp incl on form 990 part viii, line 6b -65,496 loss on disp of equip incl on form 990 part viii line 7b -1,563

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 2D

Rental & lease exp incl on form 990 part viii, line 6b 65,496 loss on disp of equip incl on form 990 part viii line 7b 1,563

Schedule D, Page 4, Part XII, Line 2D

Rental & lease exp incl on form 990 part viii, line 6b 65,496 loss on disp of equip incl on form 990 part viii line 7b 1,563

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IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE-PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY/TR
IRS990/Form990PartVIISectionAGrp/TitleTxt3CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5ASSISTANT SE
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR OF
IRS990/Form990PartVIISectionAGrp/TitleTxt7CHIEF ENGINE
IRS990/Form990PartVIISectionAGrp/TitleTxt8GENERAL MGR
IRS990/Form990PartVIISectionAGrp/TitleTxt9ANNOUNCER -
IRS990/Form990PartVIISectionAGrp/TitleTxt10WJIS PROGRAM
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IRS990/MissionDesc0THE ORGANIZATION'S DEFINED MISSION STATEMENT IS TO EXTEND THE REACH OF CHRISTIAN COMMUNITY, BY AFFIRMING THAT WHICH IS POSITIVE IN OUR CULTURE, AND PENETRATING OUR WORLD AS SALT AND LIGHT WITH THE LIFE-TRANSFORMING GOSPEL OF JESUS CHRIST. THE ORGANIZATION'S PURPOSE IS TO PROMOTE AND FOSTER FORMAL EDUCATIONAL AND CHRISTIAN BROADCAST EDUCATION AND TRAINING TO ACCREDITED INSTITUTIONS AND OTHERS THROUGH THE ACQUISITION, ESTABLISHMENT, OPERATION AND MANAGEMENT OF RADIO STATIONS. THE NETWORK'S FACILITIES SHALL ALL BE OPERATED FOR THE ADVANCEMENT OF THE GOSPEL OF JESUS CHRIST.
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IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt09538
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0117084
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IRS990/PrincipalOfficerNm0JAMES L CAMPBELL
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IRS990/ProgramServiceRevenueGrp/Desc2SPECIAL EVENTS - OTHER
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11801196
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt213182
IRS990/ProgSrvcAccomActy2Grp/Desc0OPERATION & MANAGEMENT OF RADIO STATIONS IN SOUTH CAROLINA & GEORGIA (WLFJ-FM, WLFJ-AM, WMBJ, WLFA, WALC, WLFS, WGFJ, WOSF-FM-HD2, WAHP, WZLC, WRFJ, & WLFH) WHICH ARE OPERATED FOR RELIGIOUS PURPOSES.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt03198108
IRS990/ProgSrvcAccomActy2Grp/GrantAmt011044
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0927221
IRS990/ProgSrvcAccomActy3Grp/Desc0OPERATION & MANAGEMENT OF A RADIO STATION IN GEORGIA (WVFJ) WHICH IS OPERATED FOR RELIGIOUS PURPOSES.
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0(EXPENSES 1,010,514 INCLUDING GRANTS OF 5,010) (REVENUE 303,511) OPERATION & MANAGEMENT OF RADIO STATIONS IN GEORGIA (WAFJ, WZAE, & WBIJ) WHICH ARE OPERATED FOR RELIGIOUS PURPOSES. (EXPENSES 810,201, INCLUDING GRANTS OF 3,732) (REVENUE 313,811) OPERATION & MANAGEMENT OF A RADIO STATION IN MISSOURI (KWND) WHICH IS OPERATED FOR RELIGIOUS PURPOSES. (EXPENSES 810,511, INCLUDING GRANTS OF 3,316) (REVENUE 444,752) OPERATION & MANAGEMENT OF RADIO STATIONS IN NORTH CAROLINA (WRTP & WCCE) WHICH ARE OPERATED FOR RELIGIOUS PURPOSES. (EXPENSES 437,107, INCLUDING GRANTS OF 1,650) (REVENUE 199,581) OPERATION & MANAGEMENT OF A RADIO STATION IN ALABAMA (WIZB) WHICH IS OPERATED FOR RELIGIOUS PURPOSES.
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$100$15.7$84.6$36.3$29.6$6.78
2023Detailed filing. Detailed filing data is available for this year.$94.1$16.5$77.7$36.9$27.9$8.96
2022Detailed filing. Detailed filing data is available for this year.$84.4$16.1$68.3$34.9$25.8$9.07
2021Detailed filing. Detailed filing data is available for this year.$60.7$1.08$59.6$30.6$22.7$7.96
2020Detailed filing. Detailed filing data is available for this year.$52.7$1.03$51.6$26.1$20.0$6.14
2019Detailed filing. Detailed filing data is available for this year.$46.8$1.29$45.5$27.1$21.3$5.81
2018Detailed filing. Detailed filing data is available for this year.$40.7$1.06$39.7$24.7$19.9$4.82
2017Detailed filing. Detailed filing data is available for this year.$35.9$1.04$34.8$22.8$18.9$3.96
2016Detailed filing. Detailed filing data is available for this year.$32.0$1.12$30.9$21.3$16.9$4.41
2015Detailed filing. Detailed filing data is available for this year.$27.7$1.27$26.5$19.4$16.1$3.25
2014Detailed filing. Detailed filing data is available for this year.$25.2$1.99$23.2$17.7$14.6$3.07
2013Detailed filing. Detailed filing data is available for this year.$22.8$2.68$20.2$16.2$13.0$3.12
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.3$3.23$17.0$11.9
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.8$3.91$13.9$10.5