Liabilities / Assets
47th percentile
Higher debt load relative to assets than 47% of similar nonprofits.
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
47th percentile
Higher debt load relative to assets than 47% of similar nonprofits.
Liabilities / Revenue
42nd percentile
Higher debt load relative to revenue than 42% of similar nonprofits.
Net Margin
12th percentile
Higher net margin than 12% of similar nonprofits.
Top Officer Pay
52nd percentile
Higher top officer pay than 52% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
5th percentile
Faster asset growth than 5% of similar nonprofits.
Revenue Growth
88th percentile
Faster revenue growth than 88% of similar nonprofits.
Assets
Down$418,217
Down $138,735 (-25%) from 2020
Net Assets
Down$410,878
Down $130,038 (-24%) from 2020
Liabilities
Down$7,339
Down $8,697 (-54%) from 2020
Revenue
Up$647,950
Up $350,646 (+118%) from 2020
Expenses
Down$777,988
Down $865,714 (-53%) from 2020
Net Income
Up-$130,038
Up $1,216,360 (+90%) from 2020
See schedule o, statement 07
The organization provided christian radio talk and music under the branded radio network of freedom radio fm through november 2019. Beginning in 2019, the organization began a process of distributing its assets to another 501(c)(3) nonprofit organization, radio by grace, inc. Pursuant to a donation agreement that was executed in 2018 and then later amended in 2019, 2020 and 2021. The organization ceased its programs and operations during 2020 and was in the process of liquidating its assets to contribute to radio by grace, inc. Which was in accordance with its bylaws and mission purpose.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Land, Buildings, and Equipment, Net | $315,000 | - | - |
| Cash and Non-Interest-Bearing Accounts | $219,842 | $268,007 | ▲ $48,165 |
| Intangible Assets | - | $150,000 | - |
| Accounts Receivable | $37,304 | $210 | ▼ $37,094 |
| Prepaid Expenses and Deferred Charges | $-15,194 | - | - |
| Total Assets | $556,952 | $418,217 | ▼ $138,735 |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $16,036 | $7,339 | ▼ $8,697 |
| Total Liabilities | $16,036 | $7,339 | ▼ $8,697 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $540,916 | $410,878 | ▼ $130,038 |
| Total Net Assets Fund Balance | $540,916 | $410,878 | ▼ $130,038 |
| Total Liabilities and Net Assets / Fund Balance | $556,952 | $418,217 | ▼ $138,735 |
| Name | Title |
|---|---|
| Dennis Clounch | Former President |
| John Devine | President |
| Clark Parrish | Director |
| Diana Atkin | Director |
| Line Item | Amount |
|---|---|
| Other Expenses | $777,988 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Fees for Services Legal | $5,967 | $5,966 | - | $11,933 |
| Fees for Services Other | $2,693 | $2,693 | - | $5,386 |
| Office Expenses | $653 | $653 | - | $1,306 |
| Fees for Services Accounting | $625 | $625 | - | $1,250 |
| Insurance | $902 | - | - | $902 |
| Other Expenses | $354 | $354 | - | $708 |
| Total Functional Expenses | $767,697 | $10,291 | $0 | $777,988 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
“A pdf copy of the draft return is circulated to the board members for comment and corrections. Changes are communicated to the return preparer for updating and a new pdf copy is circulated for approval. When the board is satisfied, the president signs the efiling authorization and the return is submitted.”
“Any potential conflict of interest items are included as an agenda item of every board meeting and the results of the board review are documented in the meeting minutes. Additionally, each board member annually affirms in writing their understanding of the conflict of interest policy.”
“The compensation of executives and top management is periodically reviewed and determined by a vote of the board. The decisions are documented in the board minutes.”
“No documents available to the public.”
“Edgewater is in the process of distributing its assets to radio by grace, inc. (rbg), its successor in interest to edgewater's broadcasting operations and assets pursuant to the donation agreement entered into between edgewater and rbg on or about october 10, 2018 and amendments thereto. Rbg formerly took over the broadcast operations effective 1/1/2020. Edgewater is no longer broadcasting. Subject to the due diligence of rbg, edgewater's assets are either assigned to rbg or being liquidated with the corresponding cash being transferred to rbg.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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| IRS990/ActivityOrMissionDesc | 0 | THE ORGANIZATION PROVIDED CHRISTIAN RADIO TALK AND MUSIC UNDER THE BRANDED RADIO NETWORK OF FREEDOM RADIO FM THROUGH NOVEMBER 2019. BEGINNING IN 2019, THE ORGANIZATION BEGAN A PROCESS OF DISTRIBUTING ITS ASSETS TO ANOTHER 501(C)(3) NONPROFIT ORGANIZATION, RADIO BY GRACE, INC. PURSUANT TO A DONATION AGREEMENT THAT WAS EXECUTED IN 2018 AND THEN LATER AMENDED IN 2019, 2020 AND 2021. THE ORGANIZATION CEASED ITS PROGRAMS AND OPERATIONS DURING 2020 AND WAS IN THE PROCESS OF LIQUIDATING ITS ASSETS TO CONTRIBUTE TO RADIO BY GRACE, INC. WHICH WAS IN ACCORDANCE WITH ITS BYLAWS AND MISSION PURPOSE. |
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| IRS990/Desc | 0 | THE ORGANIZATION PROVIDED CHRISTIAN RADIO TALK AND MUSIC UNDER THE BRANDED RADIO NETWORK OF FREEDOM RADIO FM THROUGH NOVEMBER 2019. BEGINNING IN 2019, THE ORGANIZATION BEGAN A PROCESS OF DISTRIBUTING ITS ASSETS TO ANOTHER 501(C)(3) NONPROFIT ORGANIZATION, RADIO BY GRACE, INC. PURSUANT TO A DONATION AGREEMENT THAT WAS EXECUTED IN 2018 AND THEN LATER AMENDED IN 2019, 2020 AND 2021. THE ORGANIZATION CEASED ITS PROGRAMS AND OPERATIONS DURING 2020 AND WAS IN THE PROCESS OF LIQUIDATING ITS ASSETS TO CONTRIBUTE TO RADIO BY GRACE, INC. WHICH WAS IN ACCORDANCE WITH ITS BYLAWS AND MISSION PURPOSE. |
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| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | EDGEWATER IS IN THE PROCESS OF DISTRIBUTING ITS ASSETS TO RADIO BY GRACE, INC. (RBG), ITS SUCCESSOR IN INTEREST TO EDGEWATER'S BROADCASTING OPERATIONS AND ASSETS PURSUANT TO THE DONATION AGREEMENT ENTERED INTO BETWEEN EDGEWATER AND RBG ON OR ABOUT OCTOBER 10, 2018 AND AMENDMENTS THERETO. RBG FORMERLY TOOK OVER THE BROADCAST OPERATIONS EFFECTIVE 1/1/2020. EDGEWATER IS NO LONGER BROADCASTING. SUBJECT TO THE DUE DILIGENCE OF RBG, EDGEWATER'S ASSETS ARE EITHER ASSIGNED TO RBG OR BEING LIQUIDATED WITH THE CORRESPONDING CASH BEING TRANSFERRED TO RBG. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | A PDF COPY OF THE DRAFT RETURN IS CIRCULATED TO THE BOARD MEMBERS FOR COMMENT AND CORRECTIONS. CHANGES ARE COMMUNICATED TO THE RETURN PREPARER FOR UPDATING AND A NEW PDF COPY IS CIRCULATED FOR APPROVAL. WHEN THE BOARD IS SATISFIED, THE PRESIDENT SIGNS THE EFILING AUTHORIZATION AND THE RETURN IS SUBMITTED. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | ANY POTENTIAL CONFLICT OF INTEREST ITEMS ARE INCLUDED AS AN AGENDA ITEM OF EVERY BOARD MEETING AND THE RESULTS OF THE BOARD REVIEW ARE DOCUMENTED IN THE MEETING MINUTES. ADDITIONALLY, EACH BOARD MEMBER ANNUALLY AFFIRMS IN WRITING THEIR UNDERSTANDING OF THE CONFLICT OF INTEREST POLICY. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | THE COMPENSATION OF EXECUTIVES AND TOP MANAGEMENT IS PERIODICALLY REVIEWED AND DETERMINED BY A VOTE OF THE BOARD. THE DECISIONS ARE DOCUMENTED IN THE BOARD MINUTES. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | NO DOCUMENTS AVAILABLE TO THE PUBLIC. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART III, LINE 3 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION B, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION B, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PART VI, SECTION B, LINE 15 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990ScheduleR/AssetExchangeInd | 0 | 0 |
| IRS990ScheduleR/AssetPurchaseFromOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/AssetSaleToOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/DivRelatedOrganizationInd | 0 | 0 |
| IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd | 0 | 0 |
| IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd | 0 | 0 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd | 0 | 0 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd | 0 | N/A |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt | 0 | RADIO BY GRACE INC |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN | 0 | 831745469 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt | 0 | 501(C)(3) |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd | 0 | TX |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt | 0 | RELIGIOUS PROGRAMING |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt | 0 | 4111 PLAINS BLVD |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm | 0 | AMARILLO |
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| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd | 0 | 79106 |
| IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd | 0 | 0 |
| IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/PaidEmployeesSharingInd | 0 | 0 |
| IRS990ScheduleR/PerformOfServicesByOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/PerformOfServicesForOthOrgInd | 0 | 0 |
| IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd | 0 | 0 |
| IRS990ScheduleR/ReimbursementPaidByOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/ReimbursementPaidToOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd | 0 | 0 |
| IRS990ScheduleR/RentalOfFcltsFromOthOrgInd | 0 | 0 |
| IRS990ScheduleR/SharingOfFacilitiesInd | 0 | 0 |
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| IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt | 0 | RADIO BY GRACE INC |
| IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt | 0 | C |
| IRS990ScheduleR/TransferFromOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/TransferToOtherOrgInd | 0 | 1 |
| IRS990/SchoolOperatingInd | 0 | 0 |
| IRS990/SignificantChangeInd | 0 | 1 |
| IRS990/SignificantNewProgramSrvcInd | 0 | 0 |
| IRS990/SubjectToExcsTaxNetInvstIncInd | 0 | 0 |
| IRS990/SubjectToProxyTaxInd | 0 | 0 |
| IRS990/SubjToTaxRmnrtnExPrchtPymtInd | 0 | 0 |
| IRS990/TaxablePartyNotificationInd | 0 | 0 |
| IRS990/TaxExemptBondsInd | 0 | 0 |
| IRS990/TerminateOperationsInd | 0 | 0 |
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| IRS990/TotalAssetsEOYAmt | 0 | 418217 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 556952 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 418217 |
| IRS990/TotalCompGreaterThan150KInd | 0 | 0 |
| IRS990/TotalEmployeeCnt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 10291 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 767697 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 777988 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 16036 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 7339 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 16036 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 7339 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 540916 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 410878 |
| IRS990/TotalOtherCompensationAmt | 0 | 0 |
| IRS990/TotalProgramServiceExpensesAmt | 0 | 767697 |
| IRS990/TotalProgramServiceRevenueAmt | 0 | 414320 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 0 |
| IRS990/TotalRevenueGrp/ExclusionAmt | 0 | 0 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 647950 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 647950 |
| IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/TotalVolunteersCnt | 0 | 4 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 556952 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 418217 |
| IRS990/TotReportableCompRltdOrgAmt | 0 | 0 |
| IRS990/TrnsfrExmptNonChrtblRltdOrgInd | 0 | 0 |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | 0 |
| IRS990/UponRequestInd | 0 | X |
| IRS990/USAddress/AddressLine1Txt | 0 | PO BOX J |
| IRS990/USAddress/CityNm | 0 | TWIN FALLS |
| IRS990/USAddress/StateAbbreviationCd | 0 | ID |
| IRS990/USAddress/ZIPCd | 0 | 83303 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 4 |
| IRS990/VotingMembersIndependentCnt | 0 | 4 |
| IRS990/WebsiteAddressTxt | 0 | N/A |
| IRS990/WhistleblowerPolicyInd | 0 | 0 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd | 0 | AAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd | 0 | IAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd | 0 | 3 |
| ReturnHeader/BuildTS | 0 | 2022-09-23 18:48:47Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | JOHN DEVINE |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | SECRETARY |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 2084201922 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2022-09-29 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | EDGEWATER BROADCASTING INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | EDGE |
| ReturnHeader/Filer/EIN | 0 | 651176946 |
| ReturnHeader/Filer/PhoneNum | 0 | 2084201922 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | PO BOX J |
| ReturnHeader/Filer/USAddress/CityNm | 0 | TWIN FALLS |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | ID |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 83303 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 264022510 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | HARRIS & CO PLLC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 161 5TH AVE S |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | TWIN FALLS |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | ID |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 83301 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 2087348932 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2022-09-29 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | NANCY KOONCE |
| ReturnHeader/ReturnTs | 0 | 2022-10-07T08:16:37-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | JOHN |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | DEVINE |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2021-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2021-12-31 |
| ReturnHeader/TaxYr | 0 | 2021 |
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Displayed year
2021 • Form 990Detailed filing. Detailed filing data is available for this year.