Civic Intelligence

Radio Training Network Inc.

990 • Fiscal year 2019 • EIN 58-1585542

Jan 01, 2019 to Dec 31, 2019 • Filed on May 20, 2020

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

19th percentile

0.03x

Higher debt load relative to assets than 19% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Liabilities / Revenue

12th percentile

0.05x

Higher debt load relative to revenue than 12% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Net Margin

80th percentile

21%

Higher net margin than 80% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Top Officer Pay

72nd percentile

$363,143

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 1.3% of source-year revenue.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Asset Growth

77th percentile

15%

Faster asset growth than 77% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Revenue Growth

66th percentile

9.6%

Faster revenue growth than 66% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Assets

Up

$46,768,620

Up $6,040,862 (+15%) from 2018

Net Assets

Up

$45,478,015

Up $5,809,834 (+15%) from 2018

Liabilities

Up

$1,290,605

Up $231,028 (+22%) from 2018

Revenue

Up

$27,116,780

Up $2,375,054 (+9.6%) from 2018

Expenses

Up

$21,306,946

Up $1,387,529 (+7.0%) from 2018

Net Income

Up

$5,809,834

Up $987,525 (+20%) from 2018

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

2019

Assets$46,768,620
Liabilities$1,290,605
Net Assets$45,478,015

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

2019

Revenue$27,116,780
Expenses$21,306,946
Net Income$5,809,834
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
May 20, 2020
Return Version
2019v5.0
Gross Receipts
$27,241,894
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$15,008,181$21,059,083▲ $6,050,902
Land, Buildings, and Equipment, Net$7,138,216$6,550,273▼ $587,943
Prepaid Expenses and Deferred Charges$558,768$850,491▲ $291,723
Accounts Receivable$378,211$612,047▲ $233,836
Other Notes and Loans Receivable, Net$31,800$31,800→ $0
Investments in Publicly Traded Securities-$1,012-
Total Assets$40,727,758$46,768,620▲ $6,040,862
Other Assets Total$17,612,582$17,663,914▲ $51,332
Liabilities
Accounts Payable and Accrued Expenses$550,657$711,861▲ $161,204
Deferred Revenue$487,216$578,744▲ $91,528
Mortgage Notes Payable Secured by Investment Property$21,704--
Total Liabilities$1,059,577$1,290,605▲ $231,028
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$39,668,181$45,244,890▲ $5,576,709
Net Assets With Donor Restrictions-$233,125-
Total Net Assets Fund Balance$39,668,181$45,478,015▲ $5,809,834
Total Liabilities and Net Assets / Fund Balance$40,727,758$46,768,620▲ $6,040,862

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$4,599,001$9,156,426$13,755,427
Land$1,270,016-$1,270,016
Other Land Buildings$363,294$610,027$973,321
Buildings$300,761$454,197$754,958
Leasehold Improvements$17,201$358,675$375,876
Other Assets Org$58,882--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Steve BarrettPresident/ceFT$352,163$10,980$363,143
Steve BarrettPresident/CEO-$190,525$172,618$363,143
Johanna M AntesAccount ExecFT$232,912$27,632$260,544
Johanna M AntesAccount Executive-$232,912$27,632$260,544
Carmen B RadekaDirector ofFT$181,157$26,079$207,236
Carmen B RadekaDirector of Support-$181,157$26,079$207,236
W Allen HendersonGeneral MgrFT$147,491$31,369$178,860
W Allen HendersonGeneral Mgr - Wjis-$147,491$31,369$178,860
Thomas L BrownGeneral MgrFT$149,561$15,351$164,912
Thomas L BrownGeneral Mgr - Wlfj-$149,561$15,351$164,912
Ruth J CampbellAnnouncer -FT$139,238$22,783$162,021
-Announcer - Wjis-$139,238$22,783$162,021
Lee FreemanAssistant SeFT$112,223$5,726$117,949

Board Members and Trustees

NameTitle
-Chairman
Dan McbrideDirector
Michael L WatkinsSecretary/tr
Larry MaxwellVice-preside

Highest Paid Contractors

ContractorServicesLocationCompensation
Wenstrom Communications INCBillboard Adv2431 ESTANCIA BLVD BLDG C, Clearwater, FL 33761$1,172,344
Laser Print Plus INCNewsletter1261 1ST ST SE, Columbia, SC 29209$347,837
Yellow Leaf MarketingMarketingPO BOX 320237, Tampa, FL 33679$193,697
Children's World Uniform SupplyAdv Products4525 BEE RIDGE RD, Sarasota, FL 34233$180,498
Fleeman Anderson & BirdEngineering6644 ROWAN RD, New Port Richey, FL 34653$148,412
Revenue and Support

Revenue Composition

Contributions and Grants
$18,832,511
Program Service Revenue
$7,817,004
Investment Income
$182,659
Other Revenue
$284,606
All Other Contributions
$18,832,511
Change in Net Assets
$5,809,834

Audited Revenue Reconciliation

Revenue per Audited Statements
$26,574,681
Revenue Not Reported on Financial Statements
$542,099
Revenue Not Reported on Form 990
$114,950
Other Revenue Adjustments
$542,099
Total Revenue per Audited Statements
$26,689,631
Total Revenue per Form 990
$27,116,780
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$11,301,549
Salaries, Compensation, and Employee Benefits$9,854,531
Total Fundraising Expense$1,267,599
Grants and Similar Amounts Paid$150,866
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$6,760,894$549,618$385,969$7,696,481
Occupancy$1,906,567$117,259$31,429$2,055,255
Advertising$1,891,874--$1,891,874
Other Employee Benefits$825,628$79,861$12,601$918,090
Depreciation Depletion$895,419$17,123-$912,542
All Other Expenses$770,722$53,149$355$824,226
Office Expenses$791,534$22,637$774$814,945
Payroll Taxes$474,725$62,960$26,548$564,233
Current Officers, Directors, Trustees, and Key Employees-$481,092-$481,092
Other Expenses$355,954$3,921$1,918$361,793
Information Technology$321,149$15,000-$336,149
Insurance$284,207$16,842-$301,049
Travel$272,064$6,893-$278,957
Fees for Services Other$208,317--$208,317
Pension Plan Contributions$173,150$21,485-$194,635
Grants to Domestic Orgs$150,866--$150,866
Fees for Services Legal$96,627$17,610-$114,237
Conferences and Meetings$87,751$2,640$285$90,676
Fees for Services Accounting$61,198$6,323-$67,521
Interest$51--$51
Total Functional Expenses$18,564,828$1,474,519$1,267,599$21,306,946

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$21,421,896
Expenses per Audited Statements$21,306,946
Total Expenses per Form 990$21,306,946
Expenses Not Reported on Form 990$114,950
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Convoy of HopeNashville, TN501c3Human Trafficking$134,392
Hope for Justice Inc---$9,000
OthersSpringfield, MO501c3Disaster Relief$7,474
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
Yes
Audit committee
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, 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
2020-05-20
Discuss with paid preparer
Yes

Organization Details

Formed
1984
Legal Domicile
Ga
Voting Board Members
5
Independent Board Members
4
Employees
121
Volunteers
335

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 1,219,902, including grants of 8,407) (revenue 305,769) operation & management of radio stations in georgia (wafj, wzae, & wbij) which are operated for religious purposes. (expenses 1,485,416, including grants of 6,690) (revenue 619,366) operation & management of radio stations in missouri (kwnd, kwfc & kckj) which are operated for religious purposes. (expenses 852,466, including grants of 4,190) (revenue 262,629) operation & management of radio stations in north carolina (wrtp & wcce) which are operated for religious purposes. (expenses 783,751, including grants of 3,246) (revenue 299,456) operation & management of a radio station in alabama (wizb & wphh) which are operated for religious purposes.

Financial Statement Notes

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

Rental & lease exp incl on form 990 part viii, line 6b 92,089 loss on disp of equip incl on form 990 part viii line 7c 22,861

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

Income recognition - 481(a) adjustment 542,099

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

Rental & lease exp incl on form 990 part viii, line 6b 92,089 loss on disp of equip incl on form 990 part viii line 7c 22,861

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IRS990/Form990PartVIISectionAGrp/PersonNm3W ALLEN HENDERSON
IRS990/Form990PartVIISectionAGrp/PersonNm4THOMAS L BROWN
IRS990/Form990PartVIISectionAGrp/PersonNm5RUTH J CAMPBELL
IRS990/Form990PartVIISectionAGrp/PersonNm6LEE FREEMAN
IRS990/Form990PartVIISectionAGrp/PersonNm7LARRY MAXWELL
IRS990/Form990PartVIISectionAGrp/PersonNm8DAN MCBRIDE
IRS990/Form990PartVIISectionAGrp/PersonNm9MICHAEL L WATKINS
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IRS990/Form990PartVIISectionAGrp/TitleTxt3GENERAL MGR
IRS990/Form990PartVIISectionAGrp/TitleTxt4GENERAL MGR
IRS990/Form990PartVIISectionAGrp/TitleTxt5ANNOUNCER -
IRS990/Form990PartVIISectionAGrp/TitleTxt6ASSISTANT SE
IRS990/Form990PartVIISectionAGrp/TitleTxt7VICE-PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
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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/PrincipalOfcrBusinessName/BusinessNameLine1Txt0JAMES L CAMPBELL
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0UNDERWRITING
IRS990/ProgramServiceRevenueGrp/Desc1SPECIAL EVENTS - CONCERTS
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt31590
IRS990/ProgSrvcAccomActy2Grp/Desc0OPERATION & MANAGEMENT OF RADIO STATIONS IN SOUTH CAROLINA & GEORGIA (WLFJ-FM, WMBJ, WLFA, WALC, WLFS, WGFJ, WHRT, WZLC, WRFJ, WLFH, WRAF, WTXR, WAHP, WPFJ, WCFJ, & WHQC) WHICH ARE OPERATED FOR RELIGIOUS PURPOSES.
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IRS990/ProgSrvcAccomActy3Grp/Desc0OPERATION & MANAGEMENT OF RADIO STATIONS IN GEORGIA (WVFJ, WWWD, WMSL & WCON) WHICH ARE OPERATED FOR RELIGIOUS PURPOSES.
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0(EXPENSES 1,219,902, INCLUDING GRANTS OF 8,407) (REVENUE 305,769) OPERATION & MANAGEMENT OF RADIO STATIONS IN GEORGIA (WAFJ, WZAE, & WBIJ) WHICH ARE OPERATED FOR RELIGIOUS PURPOSES. (EXPENSES 1,485,416, INCLUDING GRANTS OF 6,690) (REVENUE 619,366) OPERATION & MANAGEMENT OF RADIO STATIONS IN MISSOURI (KWND, KWFC & KCKJ) WHICH ARE OPERATED FOR RELIGIOUS PURPOSES. (EXPENSES 852,466, INCLUDING GRANTS OF 4,190) (REVENUE 262,629) OPERATION & MANAGEMENT OF RADIO STATIONS IN NORTH CAROLINA (WRTP & WCCE) WHICH ARE OPERATED FOR RELIGIOUS PURPOSES. (EXPENSES 783,751, INCLUDING GRANTS OF 3,246) (REVENUE 299,456) OPERATION & MANAGEMENT OF A RADIO STATION IN ALABAMA (WIZB & WPHH) WHICH ARE OPERATED FOR RELIGIOUS PURPOSES.
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IRS990/RentalIncomeOrLossGrp/PersonalAmt079875
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt013170836
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt02084
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt03095

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