Civic Intelligence

Black Smith Multi-Media Inc.

990 • Fiscal year 2020 • EIN 63-1278383

Jan 01, 2020 to Dec 31, 2020 • Filed on May 18, 2021

Organization ProfileN/A
6608 Concord MewsMontgomery, AL 36116

(334) 286-1771

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Up

$2,669,007

Up $2,669,007 from 2019

Net Assets

Up

$2,669,007

Up $2,669,711 (+379220%) from 2019

Liabilities

Down

$0

Down $704 (-100%) from 2019

Revenue And Expenses

Revenue

Up

$2,669,007

Up $2,669,007 from 2019

Expenses

Up

$2,669,007

Up $2,668,303 (+379020%) from 2019

Net Income

Up

$0

Up $704 (+100%) from 2019

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0-$5.0MAssets 2013: $1Liabilities 2013: $02013Assets 2014: $0Liabilities 2014: $0Net Assets 2014: $02014Assets 2015: $0Liabilities 2015: $0Net Assets 2015: $02015Assets 2016: $992,570Liabilities 2016: $0Net Assets 2016: $992,5702016Assets 2017: $2,032Liabilities 2017: $2,032Net Assets 2017: $02017Assets 2018: $0Liabilities 2018: $882Net Assets 2018: -$8822018Assets 2019: $0Liabilities 2019: $704Net Assets 2019: -$7042019Assets 2020: $2,669,007Liabilities 2020: $0Net Assets 2020: $2,669,0072020Assets 2020: $10,001,828Liabilities 2020: $0Net Assets 2020: $10,001,8282020Assets 2021: $10,012,984Liabilities 2021: $0Net Assets 2021: $10,012,9842021Assets 2022: $10,013,648Liabilities 2022: $0Net Assets 2022: $10,013,6482022Assets 2023: $10,014,434Liabilities 2023: $0Net Assets 2023: $10,014,4342023

Highlighted filing

2020

Assets$2,669,007
Liabilities$0
Net Assets$2,669,007
Open 2020 Filing

Operations Trend

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

$15M$10M$5.0M$0-$5.0MRevenue 2013: $0Expenses 2013: -$2,262Net Income 2013: $2,2622013Revenue 2014: $0Expenses 2014: $0Net Income 2014: $02014Revenue 2015: $0Expenses 2015: $0Net Income 2015: $02015Revenue 2016: $992,570Expenses 2016: $0Net Income 2016: $992,5702016Revenue 2017: $0Expenses 2017: $2,032Net Income 2017: -$2,0322017Revenue 2018: $0Expenses 2018: $882Net Income 2018: -$8822018Revenue 2019: $0Expenses 2019: $704Net Income 2019: -$7042019Revenue 2020: $2,669,007Expenses 2020: $2,669,007Net Income 2020: $02020Revenue 2020: $10,001,828Expenses 2020: $10,001,828Net Income 2020: $02020Revenue 2021: $10,012,984Expenses 2021: $10,012,984Net Income 2021: $02021Revenue 2022: $10,013,648Expenses 2022: $10,013,648Net Income 2022: $02022Revenue 2023: $10,014,434Expenses 2023: $10,014,434Net Income 2023: $02023

Highlighted filing

2020

Revenue$2,669,007
Expenses$2,669,007
Net Income$0
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 18, 2021
Return Version
2020v4.0
Gross Receipts
$2,669,007
Mission and Program Overview

Mission

WABS Educational Broadcasting's goal is to provide the community with radio programming that challenges, enriches, informs, educates and entertains while reflecting cultural and intellectual diversity. The company's location within the Empowerment Zone reinforces its commitment to improving the economic outlook of the local community and enriching the lives of its listeners.

Black Smith Multi-Media Inc helps at risks individual and families become a part of the economic mainstream; thereby,provide the business community with motivated entry-level workers. This project is deisgned for youths at high risks who live in Alabama.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$2,669,007$2,669,007→ $0
Cap Stk Tr Prin Current Funds$2,669,007$2,669,007→ $0
Cash and Non-Interest-Bearing Accounts-$0-
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$2,669,007$2,669,007→ $0
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,669,007$2,669,007→ $0
Total Liabilities and Net Assets / Fund Balance$2,669,007$2,669,007→ $0
Compensation and Service Providers

Board Members and Trustees

NameTitle
Sharon E BlackPresident & CEO
Robert E W BlackVice President
Dr Betty A PalmerDirector
Winston R BlackCFO
Markus A PalmerCOO
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$2,669,007
Other Revenue
$0
Change in Net Assets
$0
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,669,007
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Service Investment Mgmnt Fees-$2,667,179-$2,667,179
Information Technology-$920-$920
Office Expenses-$266-$266
Royalties-$212-$212
Other Expenses-$24-$24
Total Functional Expenses$0$2,669,007$0$2,669,007
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-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

“No review was or will be conducted.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“No documents available to the public.”

Filing and Contact Details

Filer

Filer Name
Black Smith Multi-Media Inc
EIN
63-1278383
Phone
3342861771
Address
6608 Concord Mews, Montgomery, AL 36116

Signing Officer

Name
Sharon E Black
Title
President & CEO
Phone
3342861771
Signed
2021-05-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sharon E Black
Formed
2001
Legal Domicile
Al
Voting Board Members
5
Independent Board Members
0
Employees
0

Preparer

Firm
Alternative Broadcasting Stationwab
Address
6608 CONCORD MEWS, MONTGOMERY, AL 36116
Preparer
Sharon Black
Phone
3346760029
Supplemental Narrative

Additional Explanations

Black Smith Multi-Media Inc/Alternative Broadcasting Sation/WABS

“Form 99 Part 1, WABS Educational Broadcasting is a Montgomery, alabama based not-for-profit 501 (c) 3 Public radio station that will provide educational programming services to the Montgomery Metropolitan area of Alabama. It affiliation to National Public Radio (NPR) will enable ot to broadcast NPR programs as well as its own brand of local educational and cultural programming and community news. WABS Educational Broadcasting target market is the Montgomery Metropolitan area which according to ArbritonMarket Ranking is currently 152 nationwide with a listening population of 285, 100 . WABS Educational Broadcasting proposed location 845 West Farview Ave Montgomery is part of the Empowerment Zone and Enterprise Community initiative. The initiative is an interagency effort focuused on the creation of self sustaining long term development in distressed rural and urban areas theoughout the nation. Under this initiative WABS Educational Broadcasting will work with the state of Alabam to raise a total 5.5m in bonds to fund the purchase of land at Farview Avenue and to finance the cost of developing that facility. On completion of the facility WABS Educational Broadcasting will lease 50,000 sq.ft.of space to Blacksmith Multi-Media, Inc.as it headquarter for WBBS-TV. The development of the facility will provide much needed media services to the disadvantaged area and will serve as a valuable local resource to cultural, social, education, and economic development.”

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Form 99 Part 1, WABS Educational Broadcasting is a Montgomery, alabama based not-for-profit 501 (c) 3 Public radio station that will provide educational programming services to the Montgomery Metropolitan area of Alabama. It affiliation to National Public Radio (NPR) will enable ot to broadcast NPR programs as well as its own brand of local educational and cultural programming and community news. WABS Educational Broadcasting target market is the Montgomery Metropolitan area which according to ArbritonMarket Ranking is currently 152 nationwide with a listening population of 285, 100 . WABS Educational Broadcasting proposed location 845 West Farview Ave Montgomery is part of the Empowerment Zone and Enterprise Community initiative. The initiative is an interagency effort focuused on the creation of self sustaining long term development in distressed rural and urban areas theoughout the nation. Under this initiative WABS Educational Broadcasting will work with the state of Alabam to raise a total 5.5m in bonds to fund the purchase of land at Farview Avenue and to finance the cost of developing that facility. On completion of the facility WABS Educational Broadcasting will lease 50,000 sq.ft.of space to Blacksmith Multi-Media, Inc.as it headquarter for WBBS-TV. The development of the facility will provide much needed media services to the disadvantaged area and will serve as a valuable local resource to cultural, social, education, and economic development.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt06608 Concord Mews
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt155 East 52nd Street
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0Montgomery
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm1New York New York
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0AL
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd1NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd036116
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd110055
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02669007
IRS990/TotalAssetsEOYAmt02669007
IRS990/TotalAssetsGrp/BOYAmt02669007
IRS990/TotalAssetsGrp/EOYAmt02669007
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt02669007
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt02669007
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02669007
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02669007
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/ExclusionAmt02669007
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02669007
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02669007
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02669007
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt06608 Concord Mews
IRS990/USAddress/CityNm0Montgomery
IRS990/USAddress/StateAbbreviationCd0AL
IRS990/USAddress/ZIPCd036116
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Sharon E Black
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President & CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum03342861771
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-05-18
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Black Smith Multi-Media Inc
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0Alternative Broadcasting Station
ReturnHeader/Filer/BusinessNameControlTxt0BLAC
ReturnHeader/Filer/EIN0631278383
ReturnHeader/Filer/PhoneNum03342861771
ReturnHeader/Filer/USAddress/AddressLine1Txt06608 Concord Mews
ReturnHeader/Filer/USAddress/CityNm0Montgomery
ReturnHeader/Filer/USAddress/StateAbbreviationCd0AL
ReturnHeader/Filer/USAddress/ZIPCd036116
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0200854204
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ALTERNATIVE BROADCASTING STATIONWAB
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt06608 CONCORD MEWS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MONTGOMERY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd036116
ReturnHeader/PreparerPersonGrp/PhoneNum03346760029
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Sharon Black
ReturnHeader/ReturnTs02021-05-18T16:35:08-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Sharon
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Black
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,669,007
Liabilities
$0
Net assets
$2,669,007
Revenue
$2,669,007
Expenses
$2,669,007
Net income
$0
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$10.0$0.00$10.0$10.0$10.0$0.00
2022Detailed filing. Detailed filing data is available for this year.$10.0$0.00$10.0$10.0$10.0$0.00
2021Detailed filing. Detailed filing data is available for this year.$10.0$0.00$10.0$10.0$10.0$0.00
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.0$0.00$10.0$10.0$10.0$0.00
2020Detailed filing. Detailed filing data is available for this year.$2.67$0.00$2.67$2.67$2.67$0.00
2019Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00
2018Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00
2017Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00
2016Summary only. Only limited summary data is available for this year.$0.99$0.00$0.99$0.99$0.00$0.99
2015Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00
2014Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00
2013Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00