Civic Intelligence

Radio Training Network Inc.

990 • Fiscal year 2023 • EIN 58-1585542

Jan 01, 2023 to Dec 31, 2023 • Filed on Aug 14, 2024

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

40th percentile

0.17x

Higher debt load relative to assets than 40% of similar nonprofits.

2023 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2023

Liabilities / Revenue

54th percentile

0.45x

Higher debt load relative to revenue than 54% of similar nonprofits.

2023 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2023

Net Margin

82nd percentile

24%

Higher net margin than 82% of similar nonprofits.

2023 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2023

Top Officer Pay

69th percentile

$496,282

Higher top officer pay than 69% of similar nonprofits.

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

2023 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2023

Asset Growth

67th percentile

12%

Faster asset growth than 67% of similar nonprofits.

2023 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2022 to 2023

Revenue Growth

52nd percentile

5.7%

Faster revenue growth than 52% of similar nonprofits.

2023 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2022 to 2023

Assets

Up

$94,144,240

Up $9,750,110 (+12%) from 2022

Net Assets

Up

$77,685,818

Up $9,390,456 (+14%) from 2022

Liabilities

Up

$16,458,422

Up $359,654 (+2.2%) from 2022

Revenue

Up

$36,866,699

Up $1,991,973 (+5.7%) from 2022

Expenses

Up

$27,904,144

Up $2,100,014 (+8.1%) from 2022

Net Income

Down

$8,962,555

Down $108,041 (-1.2%) from 2022

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

2023

Assets$94,144,240
Liabilities$16,458,422
Net Assets$77,685,818

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

2023

Revenue$36,866,699
Expenses$27,904,144
Net Income$8,962,555
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Aug 14, 2024
Return Version
2023v5.1
Gross Receipts
$37,116,729
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.

To share the unchanging gospel of jesus christ with as many people as possible in a relational way through relevant media.

Balance Sheet Detail
LineBeginningEndChange
Assets
Intangible Assets$22,596,836$23,077,399▲ $480,563
Cash and Non-Interest-Bearing Accounts$28,610,166$22,280,702▼ $6,329,464
Land, Buildings, and Equipment, Net$12,605,507$16,821,265▲ $4,215,758
Investments in Publicly Traded Securities$4,878,890$15,868,923▲ $10,990,033
Accounts Receivable$752,507$1,400,308▲ $647,801
Prepaid Expenses and Deferred Charges$686,034$787,002▲ $100,968
Total Assets$84,394,130$94,144,240▲ $9,750,110
Other Assets Total$14,264,190$13,908,641▼ $355,549
Liabilities
Other Liabilities$14,380,044$14,116,810▼ $263,234
Accounts Payable and Accrued Expenses$1,056,643$1,687,528▲ $630,885
Deferred Revenue$662,081$654,084▼ $7,997
Total Liabilities$16,098,768$16,458,422▲ $359,654
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$65,821,025$75,426,153▲ $9,605,128
Net Assets With Donor Restrictions$2,474,337$2,259,665▼ $214,672
Total Net Assets Fund Balance$68,295,362$77,685,818▲ $9,390,456
Total Liabilities and Net Assets / Fund Balance$84,394,130$94,144,240▲ $9,750,110

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$5,030,034$9,430,135$14,460,169
Other Land Buildings$5,516,263$10,933$5,527,196
Land$3,959,441-$3,959,441
Buildings$2,315,240$545,190$2,860,430
Leasehold Improvements$287$299,178$299,465
Other Assets Org$13,050--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
James CampbellPresidentceoFT$224,583$271,699$496,282
Steve BarrettAccount ExecutiveFT$288,266$41,941$330,207
Johanna AntesDirector of SupportFT$217,999$55,334$273,333
Carmen RadekaVP of Programming & ContentFT$210,720$41,580$252,300
Edward ManerDirector of OperationsFT$188,513$57,308$245,821
Thomas BrownProgram DirectorFT$174,621$33,768$208,389
W Allen HendersonGeneral ManagerFT$167,864$29,542$197,406
Robert DempseyOperations ManagerFT$139,279$55,375$194,654
Dennis CockerhamDirect of Outreach and UnderwFT$177,577$5,547$183,124
Dennis CockerhamDirect of Outreach and Underwriting-$172,729$10,395$183,124
Ted MccallDirector of EngineeringPT$160,601$17,960$178,561
Bryan ButlerAccount Exec National EventFT$158,235$18,608$176,843
Bryan ButlerAccount Exec National Events Mngr-$155,903$20,940$176,843

Board Members and Trustees

NameTitle
Michael WatkinsChairman
Lee FreemanVice President
Larry MaxwellDirector
Dan McbrideSecretarytreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Wenstrom Communications INCBillboard Campaign2431 ESTANCIA BLVD BLDG C, Clearwater, FL 33761$1,299,933
J Davis ConstructionConstruction Costs109 NUNNALLY ROAD, Anderson, SC 29625$626,208
Childrens World Uniform SupplyCustom Printed Adv4525 BEE RIDGE ROAD, Sarasota, FL 34233$396,527
Consolidated Mailing Services LLCNewsletters1141 SILSTAR ROAD, West Columbia, SC 29170$337,454
Creative Communications INCBillboard CampaignPO BOX 24189, Greenville, SC 29616$301,615
Revenue and Support

Revenue Composition

Contributions and Grants
$23,833,843
Program Service Revenue
$8,850,288
Investment Income
$865,182
Other Revenue
$3,317,386
All Other Contributions
$23,833,843
Change in Net Assets
$8,962,555

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded6$30,580Fair Market Value (FMV)
Other Non Cash Contri Table1$13,050Fair Market Value (FMV)
Other Non Cash Contri Table2$10,607Fair Market Value (FMV)
Other Non Cash Contri Table8$290Fair Market Value (FMV)
Total Noncash Contributions17$54,527-

Audited Revenue Reconciliation

Revenue per Audited Statements
$36,866,699
Revenue Not Reported on Form 990
$568,890
Total Revenue per Audited Statements
$37,435,589
Total Revenue per Form 990
$36,866,699
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$14,091,201
Salaries, Compensation, and Employee Benefits$13,677,317
Total Fundraising Expense$1,431,958
Grants and Similar Amounts Paid$135,626
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$8,169,977$956,357$282,626$9,408,960
All Other Expenses$2,420,635$698,348$836$3,119,819
Advertising$2,758,698-$11,659$2,770,357
Current Officers, Directors, Trustees, and Key Employees$625,717$735,935$273,334$1,634,986
Other Employee Benefits$1,302,024$171,160$27,438$1,500,622
Occupancy$1,128,002$29,301$3,355$1,160,658
Depreciation Depletion$886,404$12,045-$898,449
Payroll Taxes$633,657$110,006$36,852$780,515
Other Expenses$1,109,062$81,484$757,151$757,151
Insurance$462,776$25,442-$488,218
Travel$352,135$9,118$46$361,299
Pension Plan Contributions$169,997$25,550$4,019$199,566
Office Expenses$158,532$24,260-$182,792
Conferences and Meetings$153,454$12,660$5,998$172,112
Comp Disqual Persons-$152,668-$152,668
Grants to Domestic Orgs$135,626--$135,626
Fees for Services Accounting-$75,840-$75,840
Fees for Services Legal-$30,946-$30,946
Interest$2,322--$2,322
Total Functional Expenses$23,321,066$3,151,120$1,431,958$27,904,144

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$28,045,133
Expenses per Audited Statements$27,904,144
Total Expenses per Form 990$27,904,144
Expenses Not Reported on Form 990$140,989
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Show Hopeshaohannahs HopeFranklin, TN-Adoption Support$51,008
Convoy of HopeSpringfield, MO-Disaster Relief$34,745
Financial Planning MinistryIrvine, CA-Christian Financial Planning$18,000
Heart for Lebanon FoundationBlack Mountain, NC-Christian Witness$9,444
Miracle Hill Ministries IncGreenville, SC-Homeless Ministries$7,827
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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Ruth CampbellSpouse of PresidentWages and Other CompensationNo$152,668
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability - Operating$14,025,629
Lease Liability - Finance$91,181
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
Yes
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 governing body review Part VI line 11

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.

Conflict of interest policy compliance 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.

Governing documents etc available to public Part VI line 19

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
Address
2420 WADE HAMPTON BLVD, GREENVILLE, SC 29615

Signing Officer

Name
Dan Mcbride
Title
Secretarytreas
Phone
8642926040
Signed
2024-08-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Campbell
Formed
1984
Legal Domicile
Ga
Voting Board Members
5
Independent Board Members
4
Employees
133
Volunteers
1,051

Preparer

Firm
Payne White and Schmutz CPA Pa
Address
114 WN 1ST STREET, SENECA, SC 29678
Preparer
Christian Schmutz
Phone
8648821937
Supplemental Narrative

Additional Explanations

List of other expenses Part IX line 24E

Maintenance 733,163bank fees 505,469other services 368,370other underwriting 451,944miscellaneous equipment 178,056dues and subscriptions 311,618other taxes 405,358miscellaneous 41,449bad debt 78,692recruitment 8,258finance lease amort 37,442---------------------------------------total 3,119,819

Financial Statement Notes

Other revenues not included on Form 990 (Part XI, line 2D)

$140,989 in rent expense moved from functional expense to statement of revenue

Other expenses not included on Form 990 (Part XII, line 2D)

$140,989 in rent expense moved from functional expense to statement of revenue

Footnote for uncertain tax position under FIN 48 (Part X)

Rtn has adopted accounting principles related to accounting for uncertainty in income taxes. Rtns policy is to record a liability for any tax position taken that is beneficial to rtn, including any related interest and penalties, when it is more likely than not the position taken by management with respect to a transaction or class of transactions will be overturned by a taxing authority upon examination. Penalties and interest related to underpayment of income taxes are not recorded as income taxes but as penalties and interest expense. Management has determined that it does not have any material unrecognized tax benefits or obligations as of december 31, 2023.

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IRS990/Form990PartVIISectionAGrp/TitleTxt5PROGRAM DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6GENERAL MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt7OPERATIONS MANAGER
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IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt13VICE PRESIDENT
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IRS990/ProgramServiceRevenueGrp/Desc1SPECIAL EVENTS-CONCERTS
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11207903

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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