Civic Intelligence

Radio Training Network Inc.

990 • Fiscal year 2018 • EIN 58-1585542

Jan 01, 2018 to Dec 31, 2018 • Filed on May 10, 2019

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

17th percentile

0.03x

Higher debt load relative to assets than 17% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Liabilities / Revenue

11th percentile

0.04x

Higher debt load relative to revenue than 11% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Net Margin

77th percentile

19%

Higher net margin than 77% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Top Officer Pay

68th percentile

$338,179

Higher top officer pay than 68% of similar nonprofits.

Top officer pay equals 1.4% of source-year revenue.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Asset Growth

80th percentile

13%

Faster asset growth than 80% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Revenue Growth

60th percentile

8.4%

Faster revenue growth than 60% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Assets

Up

$40,727,758

Up $4,838,305 (+13%) from 2017

Net Assets

Up

$39,668,181

Up $4,822,309 (+14%) from 2017

Liabilities

Up

$1,059,577

Up $15,996 (+1.5%) from 2017

Revenue

Up

$24,741,726

Up $1,907,409 (+8.4%) from 2017

Expenses

Up

$19,919,417

Up $1,047,167 (+5.5%) from 2017

Net Income

Up

$4,822,309

Up $860,242 (+22%) from 2017

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

2018

Assets$40,727,758
Liabilities$1,059,577
Net Assets$39,668,181

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

2018

Revenue$24,741,726
Expenses$19,919,417
Net Income$4,822,309
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
May 10, 2019
Return Version
2018v3.1
Gross Receipts
$24,898,813
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$14,641,062$15,008,181▲ $367,119
Land, Buildings, and Equipment, Net$6,512,342$7,138,216▲ $625,874
Prepaid Expenses and Deferred Charges$465,664$558,768▲ $93,104
Accounts Receivable$64,960$378,211▲ $313,251
Receivable From Disqualified Prsn$45,000--
Other Notes and Loans Receivable, Net$33,600$31,800▼ $1,800
Total Assets$35,889,453$40,727,758▲ $4,838,305
Other Assets Total$14,126,825$17,612,582▲ $3,485,757
Liabilities
Accounts Payable and Accrued Expenses$583,544$550,657▼ $32,887
Deferred Revenue$312,371$487,216▲ $174,845
Mortgage Notes Payable Secured by Investment Property$147,666$21,704▼ $125,962
Total Liabilities$1,043,581$1,059,577▲ $15,996
Net Assets / Fund Balance
Unrestricted Net Assets$34,845,872$39,668,181▲ $4,822,309
Total Net Assets Fund Balance$34,845,872$39,668,181▲ $4,822,309
Total Liabilities and Net Assets / Fund Balance$35,889,453$40,727,758▲ $4,838,305

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$4,871,400$8,395,695$13,267,095
Land$1,270,016-$1,270,016
Other Land Buildings$652,107$588,065$1,240,172
Buildings$320,278$429,786$750,064
Leasehold Improvements$24,415$343,281$367,696
Other Assets Org$7,550--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Lee FreemanPresident/ceFT$327,957$10,222$338,179
Steve BarrettPresident/CEO-$190,521$147,658$338,179
Johanna M AntesAccount ExecFT$203,709$26,125$229,834
Johanna M AntesAccount Executive-$203,709$26,125$229,834
W Allen HendersonDirector of-$171,178$25,110$196,288
W Allen HendersonDirector of Support-$171,178$25,110$196,288
-General Mgr - Wlfj-$142,711$14,143$156,854
Richard E DavisonGeneral Mgr-$142,711$14,143$156,854
Ted MccallGeneral Mgr-$131,777$14,745$146,522
-Chief Engine-$129,370$13,070$142,440
Steve BarrettAssistant SeFT$103,390$5,601$108,991

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$711,531
Laser Print Plus INCNewsletter1261 1ST ST SE, Columbia, SC 29209$322,708
Candoris Technologies LLCData Migration475 N WEABER STREET, Annville, PA 17003$264,775
Children's World Uniform SupplyAdv Products4525 BEE RIDGE RD, Sarasota, FL 34233$244,441
Fleeman Anderson & BirdEngineering6644 ROWAN RD, New Port Richey, FL 34653$191,444
Revenue and Support

Revenue Composition

Contributions and Grants
$17,538,919
Program Service Revenue
$6,909,183
Investment Income
$-21,566
Other Revenue
$315,190
All Other Contributions
$17,538,919
Change in Net Assets
$4,822,309

Audited Revenue Reconciliation

Revenue per Audited Statements
$24,741,726
Revenue Not Reported on Form 990
$124,303
Total Revenue per Audited Statements
$24,866,029
Total Revenue per Form 990
$24,741,726
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$10,458,002
Salaries, Compensation, and Employee Benefits$9,364,291
Total Fundraising Expense$1,166,970
Grants and Similar Amounts Paid$97,124
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$6,447,117$478,339$313,145$7,238,601
Occupancy$1,832,877$117,386$32,007$1,982,270
Advertising$1,512,040$58-$1,512,098
Other Employee Benefits$859,933$92,869$9,320$962,122
Depreciation Depletion$891,188$19,365-$910,553
Office Expenses$714,715$26,088$380$741,183
All Other Expenses$669,772$26,418$1,507$697,697
Payroll Taxes$456,329$53,913$19,846$530,088
Current Officers, Directors, Trustees, and Key Employees-$447,170-$447,170
Other Expenses$339,088$3,753$785$343,626
Information Technology$312,434$3,769-$316,203
Insurance$262,780$16,326-$279,106
Travel$267,893$4,516$99$272,508
Fees for Services Other$206,934-$850$207,784
Pension Plan Contributions$166,917$19,393-$186,310
Conferences and Meetings$104,352$2,385-$106,737
Grants to Domestic Orgs$97,124--$97,124
Fees for Services Accounting$58,743$5,118-$63,861
Fees for Services Legal$32,311$10,497-$42,808
Interest$4,615--$4,615
Total Functional Expenses$17,424,204$1,328,243$1,166,970$19,919,417

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$20,043,720
Expenses per Audited Statements$19,919,417
Total Expenses per Form 990$19,919,417
Expenses Not Reported on Form 990$124,303
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Transworld Radio---$45,440
Tim Tebow FoundationCary, NC-Spread Gospel$41,552
OthersJacksonville, FL-Missions$10,132
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$45,000--
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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

All board members are presented with a copy of the 990 electronically or at their summer board meeting to review before filing with the irs.

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

All board of director members are required to complete and sign an annual conflict of interest questionnaire to disclose potential conflicts. The president/ceo is made aware of any conflicts, and would consult with the fcc attorney before making any final determinations.

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
2019-05-10
Discuss with paid preparer
Yes

Organization Details

Formed
1984
Legal Domicile
Ga
Voting Board Members
5
Independent Board Members
4
Employees
132
Volunteers
319

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 1,243,627, including grants of 7,027) (revenue 366,269) operation & management of radio stations in georgia (wafj, wzae, & wbij) which are operated for religious purposes. (expenses 1,408,932, including grants of 8,626) (revenue 541,912) operation & management of radio stations in missouri (kwnd, kwfc & kckj) which are operated for religious purposes. (expenses 892,550, including grants of 5,466) (revenue 296,260) operation & management of radio stations in north carolina (wrtp & wcce) which are operated for religious purposes. (expenses 814,987, including grants of 1,456) (revenue 307,561) operation & management of a radio station in alabama (wizb & wphh) which are operated for religious purposes.

Form 990, Part XI, Line 9

Rental & lease exp incl on form 990 part viii, line 6b 90,271 loss on disp of equip incl on form 990 part viii line 7c 34,032 rental & lease exp incl on form 990 part viii, line 6b -90,271 loss on disp of equip incl on form 990 part viii line 7c -34,032

Financial Statement Notes

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

Rental & lease exp incl on form 990 part viii, line 6b 90,271 loss on disp of equip incl on form 990 part viii line 7c 34,032

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

Rental & lease exp incl on form 990 part viii, line 6b 90,271 loss on disp of equip incl on form 990 part viii line 7c 34,032

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IRS990/Form990PartVIISectionAGrp/PersonNm1DAN MCBRIDE
IRS990/Form990PartVIISectionAGrp/PersonNm2MICHAEL L WATKINS
IRS990/Form990PartVIISectionAGrp/PersonNm3LARRY MAXWELL
IRS990/Form990PartVIISectionAGrp/PersonNm4RUTH J CAMPBELL
IRS990/Form990PartVIISectionAGrp/PersonNm5STEVE BARRETT
IRS990/Form990PartVIISectionAGrp/PersonNm6JOHANNA M ANTES
IRS990/Form990PartVIISectionAGrp/PersonNm7W ALLEN HENDERSON
IRS990/Form990PartVIISectionAGrp/PersonNm8RICHARD E DAVISON
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IRS990/Form990PartVIISectionAGrp/TitleTxt5ASSISTANT SE
IRS990/Form990PartVIISectionAGrp/TitleTxt6ACCOUNT EXEC
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR OF
IRS990/Form990PartVIISectionAGrp/TitleTxt8GENERAL MGR
IRS990/Form990PartVIISectionAGrp/TitleTxt9GENERAL MGR
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IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt053913
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IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0JAMES L CAMPBELL
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IRS990/ProgramServiceRevenueGrp/Desc2SPECIAL EVENTS - OTHER
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11936671
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt22781
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, WRAF, WTXR, WEPC, WPFJ, & WCFJ) WHICH ARE OPERATED FOR RELIGIOUS PURPOSES.
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0(EXPENSES 1,243,627, INCLUDING GRANTS OF 7,027) (REVENUE 366,269) OPERATION & MANAGEMENT OF RADIO STATIONS IN GEORGIA (WAFJ, WZAE, & WBIJ) WHICH ARE OPERATED FOR RELIGIOUS PURPOSES. (EXPENSES 1,408,932, INCLUDING GRANTS OF 8,626) (REVENUE 541,912) OPERATION & MANAGEMENT OF RADIO STATIONS IN MISSOURI (KWND, KWFC & KCKJ) WHICH ARE OPERATED FOR RELIGIOUS PURPOSES. (EXPENSES 892,550, INCLUDING GRANTS OF 5,466) (REVENUE 296,260) OPERATION & MANAGEMENT OF RADIO STATIONS IN NORTH CAROLINA (WRTP & WCCE) WHICH ARE OPERATED FOR RELIGIOUS PURPOSES. (EXPENSES 814,987, INCLUDING GRANTS OF 1,456) (REVENUE 307,561) OPERATION & MANAGEMENT OF A RADIO STATION IN ALABAMA (WIZB & WPHH) WHICH ARE OPERATED FOR RELIGIOUS PURPOSES.
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IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99980

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