Civic Intelligence

Radio by Grace Inc.

990 • Fiscal year 2023 • EIN 83-1745469

Jul 01, 2022 to Jun 30, 2023 • Filed on Apr 30, 2023

PO Box 3746Amarillo, TX 79116

(888) 533-3551

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

42nd percentile

0.12x

Higher debt load relative to assets than 42% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

85th percentile

1.46x

Higher debt load relative to revenue than 85% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

26th percentile

-5.2%

Higher net margin than 26% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

14th percentile

$0

Higher top officer pay than 14% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Asset Growth

63rd percentile

11%

Faster asset growth than 63% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

45th percentile

3.2%

Faster revenue growth than 45% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Assets

Up

$12,115,817

Up $1,162,795 (+11%) from 2022

Net Assets

Down

$10,697,927

Down $217,402 (-2.0%) from 2022

Liabilities

Up

$1,417,890

Up $1,380,197 (+3662%) from 2022

Revenue

Up

$969,436

Up $30,453 (+3.2%) from 2022

Expenses

Up

$1,019,496

Up $86,476 (+9.3%) from 2022

Net Income

Down

-$50,060

Down $56,023 (-940%) from 2022

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2020: $916,241Liabilities 2020: $45,258Net Assets 2020: $870,9832020Assets 2021: $1,656,108Liabilities 2021: $53,448Net Assets 2021: $1,602,6602021Assets 2022: $10,953,022Liabilities 2022: $37,693Net Assets 2022: $10,915,3292022Assets 2023: $12,115,817Liabilities 2023: $1,417,890Net Assets 2023: $10,697,9272023Assets 2024: $10,761,580Liabilities 2024: $1,080,815Net Assets 2024: $9,680,7652024Assets 2025: $10,333,507Liabilities 2025: $752,188Net Assets 2025: $9,581,3192025

Highlighted filing

2023

Assets$12,115,817
Liabilities$1,417,890
Net Assets$10,697,927

Operations Trend

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

$2.0M$1.0M$0-$1.0MRevenue 2020: $1,449,683Expenses 2020: $578,700Net Income 2020: $870,9832020Revenue 2021: $1,779,886Expenses 2021: $1,048,209Net Income 2021: $731,6772021Revenue 2022: $938,983Expenses 2022: $933,020Net Income 2022: $5,9632022Revenue 2023: $969,436Expenses 2023: $1,019,496Net Income 2023: -$50,0602023Revenue 2024: $233,466Expenses 2024: $1,211,520Net Income 2024: -$978,0542024Revenue 2025: $779,376Expenses 2025: $869,141Net Income 2025: -$89,7652025

Highlighted filing

2023

Revenue$969,436
Expenses$1,019,496
Net Income-$50,060
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Apr 30, 2023
Return Version
2022v5.0
Gross Receipts
$1,100,457
Mission and Program Overview

Mission

Radio by grace exists to provide excellent christian radio to a modern generation of listeners. We are committed to build the local church, serve the local community, and to spread the truth of god's word with passion and conviction. All that we do will be to honor jesus.

Radio by grace exists to provide excellent christian radio to a modern generation of listeners.

Balance Sheet Detail
LineBeginningEndChange
Assets
Intangible Assets$9,892,346$10,977,607▲ $1,085,261
Land, Buildings, and Equipment, Net$456,066$451,571▼ $4,495
Savings and Temporary Cash Investments-$347,468-
Other Notes and Loans Receivable, Net$166,122$127,088▼ $39,034
Cash and Non-Interest-Bearing Accounts$369,651$54,327▼ $315,324
Accounts Receivable$30,803$54,072▲ $23,269
Inventories for Sale or Use$23,964$17,363▼ $6,601
Total Assets$10,953,022$12,115,817▲ $1,162,795
Other Assets Total$14,070$86,321▲ $72,251
Liabilities
Other Liabilities-$1,383,624-
Accounts Payable and Accrued Expenses$37,693$34,266▼ $3,427
Total Liabilities$37,693$1,417,890▲ $1,380,197
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$10,915,329$10,697,927▼ $217,402
Total Net Assets Fund Balance$10,915,329$10,697,927▼ $217,402
Total Liabilities and Net Assets / Fund Balance$10,953,022$12,115,817▲ $1,162,795

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$248,144$83,871$332,015
Leasehold Improvements$140,062$21,408$161,470
Land$63,365-$63,365
Compensation and Service Providers

Board Members and Trustees

NameTitle
Bill GehmPresident/di
Tom ScherlenDirector
Mike KessellVP/director
Doug GehmSecretary/di
Ric VogelgesangTreasurer/di
Revenue and Support

Revenue Composition

Contributions and Grants
$542,131
Program Service Revenue
$163,075
Investment Income
$-25,083
Other Revenue
$289,313
All Other Contributions
$542,131
Change in Net Assets
$-50,060

Audited Revenue Reconciliation

Revenue per Audited Statements
$969,436
Revenue Not Reported on Form 990
$-167,342
Total Revenue per Audited Statements
$802,094
Total Revenue per Form 990
$969,436
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$788,603
Salaries, Compensation, and Employee Benefits$230,893
Total Fundraising Expense$48,903
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$389,076$7,586-$396,662
Other Salaries and Wages$148,678$7,217$33,921$189,816
Fees for Services Accounting-$115,670-$115,670
Fees for Services Other$80,211$10,375$2,465$93,051
Office Expenses$56,361$2,622$3,340$62,323
Depreciation Depletion$38,021--$38,021
Royalties$28,115--$28,115
Insurance$24,537$1,464-$26,001
Other Employee Benefits$17,395$802$2,004$20,201
Payroll Taxes$11,722$429$2,288$14,439
Information Technology$13,612--$13,612
Travel$3,175$4,213$493$7,881
Pension Plan Contributions$5,216$215$1,006$6,437
Advertising$2,479-$3,385$5,864
Other Expenses$1,402-$1$1,403
Total Functional Expenses$820,000$150,593$48,903$1,019,496

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,019,496
Total Expenses per Audited Statements$1,019,496
Total Expenses per Form 990$1,019,496
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Right-of Use Operating Lease$1,383,624
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
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

Bill gehm doug gehm president secretary business relationship

Form 990, Page 6, Part VI, Line 11B

The form 990 is prepared by an outside cpa firm. After preparation is complete, the accountant will initially review the form 990. Once the accountant is satisfied with the information, she will circulate the form 990 electronically to all board members for their review and approval prior to submission to the irs.

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

The conflict of interest policy for the organization covers any director, principle officer, or member of a committee with governing board delegated powers, who has a direct or indirect financial interest. Every year they must sign a statement that affirms they have received a copy of the policy, have read and understands the policy, has agreed to comply with the policy, and understand the organization is charitable and in order to maintain its tax exemption status it must engage primarily in activities which accomplish one or more of its tax-exempt purposes. Any time a conflict of interest arises, it is disclosed to the board by the interested person.

Form 990, Page 6, Part VI, Line 19

The organization makes its financial statements and governing documents available upon request.

Filing and Contact Details

Filer

Filer Name
Radio by Grace Inc
EIN
83-1745469
Phone
8885333551
Address
PO BOX 3746, AMARILLO, TX 79116

Signing Officer

Name
Ric Vogelgesang
Title
Treasurer/director
Phone
8885333551
Signed
2023-04-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ric Vogelgesang
Formed
2018
Legal Domicile
TX
Voting Board Members
5
Independent Board Members
5
Employees
6
Volunteers
29

Preparer

Firm
Sommerville & Associates Pc
Address
2726 MATLOCK RD, ARLINGTON, TX 76015
Preparer
Elaine L Sommerville CPA
Phone
8177955046
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Radio by grace exists to provide excellent christian radio to a modern generation of listeners. We are committed to build the local church, serve the local community, and to spread the truth of god's word with passion and conviction. All that we do will be to honor jesus.

Form 990, Part XI, Line 9

Loss on impairment of licenses -167,342

Financial Statement Notes

Schedule D, Page 3, Part X

Rbg is exempt from federal income taxes under section 501(c)(3)of the internal revenue code. Accordingly, no provision for income taxes is reflected in the accompanying financial statements. U.s. Gaap requires the evaluation of tax positions taken or expected to be taken in the course of preparing the rbg's tax returns to determine whether the tax positions are more likely than not of being sustained by the applicable tax authority. Tax positions not deemed to meet the more likely than not threshold would be recorded as a tax benefit or expense in the current year. A reconciliation is not provided herein, as the beginning and ending amounts of unrecognized benefits are zero, with no interim additions, reductions, or settlements. Rbg is relying on its tax-exempt status and its adherence to all applicable laws and regulations to preserve that status. However, the conclusions regarding accounting for uncertainty in income taxes will be subject to review and may be adjusted at a later date based on factors including, but not limited to, ongoing analysis of tax laws, regulations, and interpretations thereof. Rbg recognizes interest and penalties, if any, related to uncertain tax positions as other expenses. Rbg does not have any outstanding interest or penalties, and none have been recorded in the statement of activities and changes in net assets for the year ended june 30, 2023. Rbg's informational returns filed are generally subject to examination for three years after the later of the due date or date of filing. As a result, the rbg is no longer subject to income tax examinations by tax authorities for years prior to 2020.

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

Loss on impairment of licenses -167,342

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IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt01321792
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IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt011144
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt011144
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt017767
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IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus3YearsAmt012254
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01449683
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt014587576
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
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IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0161470
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01383624
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0RIGHT-OF USE OPERATING LEASE
IRS990ScheduleD/OtherRevenueAmt0-167342
IRS990ScheduleD/RevenueNotReportedAmt0-167342
IRS990ScheduleD/RevenueSubtotalAmt0969436
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0RBG IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3)OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS REFLECTED IN THE ACCOMPANYING FINANCIAL STATEMENTS. U.S. GAAP REQUIRES THE EVALUATION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE COURSE OF PREPARING THE RBG'S TAX RETURNS TO DETERMINE WHETHER THE TAX POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED BY THE APPLICABLE TAX AUTHORITY. TAX POSITIONS NOT DEEMED TO MEET THE MORE LIKELY THAN NOT THRESHOLD WOULD BE RECORDED AS A TAX BENEFIT OR EXPENSE IN THE CURRENT YEAR. A RECONCILIATION IS NOT PROVIDED HEREIN, AS THE BEGINNING AND ENDING AMOUNTS OF UNRECOGNIZED BENEFITS ARE ZERO, WITH NO INTERIM ADDITIONS, REDUCTIONS, OR SETTLEMENTS. RBG IS RELYING ON ITS TAX-EXEMPT STATUS AND ITS ADHERENCE TO ALL APPLICABLE LAWS AND REGULATIONS TO PRESERVE THAT STATUS. HOWEVER, THE CONCLUSIONS REGARDING ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES WILL BE SUBJECT TO REVIEW AND MAY BE ADJUSTED AT A LATER DATE BASED ON FACTORS INCLUDING, BUT NOT LIMITED TO, ONGOING ANALYSIS OF TAX LAWS, REGULATIONS, AND INTERPRETATIONS THEREOF. RBG RECOGNIZES INTEREST AND PENALTIES, IF ANY, RELATED TO UNCERTAIN TAX POSITIONS AS OTHER EXPENSES. RBG DOES NOT HAVE ANY OUTSTANDING INTEREST OR PENALTIES, AND NONE HAVE BEEN RECORDED IN THE STATEMENT OF ACTIVITIES AND CHANGES IN NET ASSETS FOR THE YEAR ENDED JUNE 30, 2023. RBG'S INFORMATIONAL RETURNS FILED ARE GENERALLY SUBJECT TO EXAMINATION FOR THREE YEARS AFTER THE LATER OF THE DUE DATE OR DATE OF FILING. AS A RESULT, THE RBG IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS PRIOR TO 2020.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1LOSS ON IMPAIRMENT OF LICENSES -167,342
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XI, LINE 2D
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IRS990ScheduleD/TotalExpensesPerForm990Amt01019496
IRS990ScheduleD/TotalLiabilityAmt01383624
IRS990ScheduleD/TotalRevenuePerForm990Amt0969436
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0RADIO BY GRACE EXISTS TO PROVIDE EXCELLENT CHRISTIAN RADIO TO A MODERN GENERATION OF LISTENERS. WE ARE COMMITTED TO BUILD THE LOCAL CHURCH, SERVE THE LOCAL COMMUNITY, AND TO SPREAD THE TRUTH OF GOD'S WORD WITH PASSION AND CONVICTION. ALL THAT WE DO WILL BE TO HONOR JESUS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BILL GEHM DOUG GEHM PRESIDENT SECRETARY BUSINESS RELATIONSHIP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 IS PREPARED BY AN OUTSIDE CPA FIRM. AFTER PREPARATION IS COMPLETE, THE ACCOUNTANT WILL INITIALLY REVIEW THE FORM 990. ONCE THE ACCOUNTANT IS SATISFIED WITH THE INFORMATION, SHE WILL CIRCULATE THE FORM 990 ELECTRONICALLY TO ALL BOARD MEMBERS FOR THEIR REVIEW AND APPROVAL PRIOR TO SUBMISSION TO THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CONFLICT OF INTEREST POLICY FOR THE ORGANIZATION COVERS ANY DIRECTOR, PRINCIPLE OFFICER, OR MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS, WHO HAS A DIRECT OR INDIRECT FINANCIAL INTEREST. EVERY YEAR THEY MUST SIGN A STATEMENT THAT AFFIRMS THEY HAVE RECEIVED A COPY OF THE POLICY, HAVE READ AND UNDERSTANDS THE POLICY, HAS AGREED TO COMPLY WITH THE POLICY, AND UNDERSTAND THE ORGANIZATION IS CHARITABLE AND IN ORDER TO MAINTAIN ITS TAX EXEMPTION STATUS IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. ANY TIME A CONFLICT OF INTEREST ARISES, IT IS DISCLOSED TO THE BOARD BY THE INTERESTED PERSON.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5LOSS ON IMPAIRMENT OF LICENSES -167,342
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C3
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0RELIGIOUS
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