Civic Intelligence

Far East Broadcasting Company Inc

EIN 95-1461574 • 501(c)3 • La Mirada, CA

Profile

FEBC exists to develop Christian radio/internet programming and discipleship ministries for a global audience. Our goal is to broadcast the Good News of Jesus Christ so listeners will know Him and learn to obey and serve God as members of a local body of believers.

PO Box 1La Mirada, CA 90637-0001

www.febc.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

39th percentile

0.12x

Higher debt load relative to assets than 39% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2025

Liabilities / Revenue

33rd percentile

0.14x

Higher debt load relative to revenue than 33% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2025

Net Margin

77th percentile

23%

Higher net margin than 77% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2025

Top Officer Pay

69th percentile

$360,846

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 1.6% of source-year revenue.

501(c)3 • $25M-$50M nonprofits • Source year 2025

Asset Growth

90th percentile

31%

Faster asset growth than 90% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2024 to 2025

Revenue Growth

86th percentile

52%

Faster revenue growth than 86% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2024 to 2025

Assets

Down

$20,521,530

Down $173,611 (-0.8%) from 2023

Liabilities

Down

$3,321,255

Down $324,744 (-8.9%) from 2023

Net Assets

Up

$17,200,275

Up $151,133 (+0.9%) from 2023

Revenue

Down

$15,036,783

Down $2,486,348 (-14%) from 2023

Expenses

Up

$16,215,523

Up $497,248 (+3.2%) from 2023

Net Income

Down

-$1,178,740

Down $2,983,596 (-165%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30M$20M$10M$0Assets 2010: $10,933,804Liabilities 2010: $3,667,333Net Assets 2010: $7,266,4712010Assets 2011: $10,329,189Liabilities 2011: $3,726,911Net Assets 2011: $6,602,2782011Assets 2012: $9,886,969Liabilities 2012: $3,717,610Net Assets 2012: $6,169,3592012Assets 2013: $9,906,161Liabilities 2013: $3,464,983Net Assets 2013: $6,441,1782013Assets 2014: $9,216,033Liabilities 2014: $3,296,814Net Assets 2014: $5,919,2192014Assets 2015: $11,257,700Liabilities 2015: $3,467,507Net Assets 2015: $7,790,1932015Assets 2016: $12,535,248Liabilities 2016: $3,135,075Net Assets 2016: $9,400,1732016Assets 2017: $11,857,940Liabilities 2017: $3,227,428Net Assets 2017: $8,630,5122017Assets 2018: $15,835,069Liabilities 2018: $3,621,254Net Assets 2018: $12,213,8152018Assets 2019: $15,989,128Liabilities 2019: $2,992,845Net Assets 2019: $12,996,2832019Assets 2020: $16,601,720Liabilities 2020: $3,482,620Net Assets 2020: $13,119,1002020Assets 2021: $17,628,706Liabilities 2021: $3,521,711Net Assets 2021: $14,106,9952021Assets 2022: $18,729,557Liabilities 2022: $3,989,318Net Assets 2022: $14,740,2392022Assets 2023: $20,695,141Liabilities 2023: $3,645,999Net Assets 2023: $17,049,1422023Assets 2024: $20,521,530Liabilities 2024: $3,321,255Net Assets 2024: $17,200,2752024

Highlighted filing

2024

Assets$20,521,530
Liabilities$3,321,255
Net Assets$17,200,275

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$20M$15M$10M$5.0M$0-$5.0MExpenses 2010: $8,441,7252010Expenses 2011: $9,436,9652011Expenses 2012: $8,420,9352012Expenses 2013: $8,769,2222013Revenue 2014: $8,593,669Expenses 2014: $9,421,096Net Income 2014: -$827,4272014Revenue 2015: $11,184,222Expenses 2015: $9,519,417Net Income 2015: $1,664,8052015Revenue 2016: $11,539,450Expenses 2016: $9,733,745Net Income 2016: $1,805,7052016Revenue 2017: $9,464,451Expenses 2017: $10,734,316Net Income 2017: -$1,269,8652017Revenue 2018: $14,636,042Expenses 2018: $11,236,445Net Income 2018: $3,399,5972018Revenue 2019: $12,137,534Expenses 2019: $11,523,823Net Income 2019: $613,7112019Revenue 2020: $12,071,951Expenses 2020: $11,765,452Net Income 2020: $306,4992020Revenue 2021: $13,309,014Expenses 2021: $12,238,914Net Income 2021: $1,070,1002021Revenue 2022: $16,885,505Expenses 2022: $14,783,271Net Income 2022: $2,102,2342022Revenue 2023: $17,523,131Expenses 2023: $15,718,275Net Income 2023: $1,804,8562023Revenue 2024: $15,036,783Expenses 2024: $16,215,523Net Income 2024: -$1,178,7402024

Highlighted filing

2024

Revenue$15,036,783
Expenses$16,215,523
Net Income-$1,178,740

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Summary only. Only limited summary data is available for this year.$20.5$3.32$17.2$15.0$16.2$1.18
2023Summary only. Only limited summary data is available for this year.$20.7$3.65$17.0$17.5$15.7$1.80
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$18.7$3.99$14.7$16.9$14.8$2.10
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.6$3.52$14.1$13.3$12.2$1.07
2020Summary only. Only limited summary data is available for this year.$16.6$3.48$13.1$12.1$11.8$0.31
2019Summary only. Only limited summary data is available for this year.$16.0$2.99$13.0$12.1$11.5$0.61
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.8$3.62$12.2$14.6$11.2$3.40
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.9$3.23$8.63$9.46$10.7$1.27
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.5$3.14$9.40$11.5$9.73$1.81
2015Detailed filing. Detailed filing data is available for this year.$11.3$3.47$7.79$11.2$9.52$1.66
2014Detailed filing. Detailed filing data is available for this year.$9.22$3.30$5.92$8.59$9.42$0.83
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.91$3.46$6.44$8.77
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.89$3.72$6.17$8.42
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.3$3.73$6.60$9.44
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.9$3.67$7.27$8.44
Latest Detailed Filing

The latest 2024 filing currently has summary financial data only. Showing the latest detailed filing from 2021 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Nov 16, 2021
Return Version
2020v4.1
Gross Receipts
$23,814,357
Mission and Program Overview

Mission

Far east broadcasting company (febc) exists to develop christian radio/internet programming and discipleship ministries for a global audience.

FEBC's mission is to bring Christ to the world through radio and other media.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$12,026,113$13,963,098▲ $1,936,985
Savings and Temporary Cash Investments$512,063$982,619▲ $470,556
Cash and Non-Interest-Bearing Accounts$2,282,698$878,207▼ $1,404,491
Investments Other Securities$810,316$745,372▼ $64,944
Accounts Receivable$195,466$138,188▼ $57,278
Land, Buildings, and Equipment, Net$551,342$73,845▼ $477,497
Prepaid Expenses and Deferred Charges$116,737$42,257▼ $74,480
Pledges and Grants Receivable$3,000$3,000→ $0
Total Assets$16,601,720$17,628,706▲ $1,026,986
Other Assets Total$103,985$802,120▲ $698,135
Liabilities
Other Liabilities$2,357,786$2,372,217▲ $14,431
Accounts Payable and Accrued Expenses$610,565$635,225▲ $24,660
Unsecured Notes Loans Payable$514,269$514,269→ $0
Total Liabilities$3,482,620$3,521,711▲ $39,091
Net Assets / Fund Balance
Net Assets With Donor Restrictions$6,164,413$7,132,533▲ $968,120
Net Assets Without Donor Restrictions$6,954,687$6,974,462▲ $19,775
Total Net Assets Fund Balance$13,119,100$14,106,995▲ $987,895
Total Liabilities and Net Assets / Fund Balance$16,601,720$17,628,706▲ $1,026,986

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$73,845$1,434,233$1,508,078
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Edward CannonPresident and CEOFT$195,504$90,580$286,084
Mary K Park ExecutiveDirector, Korean MinistriesFT$125,283$43,566$168,849
Scott HasselTreasurer and CFOFT$130,354$30,138$160,492
Sandy WilsonDirector of DevelopmentFT$105,308$21,047$126,355
Cheri CarpenterCorporate SecretaryFT$83,842$18,507$102,349

Board Members and Trustees

NameTitle
Laurie KattnerChairman
Michael KlausmanVice Chair
Nam ShiuBoard Secretary
Alynne DouglassDirector
Bonnie HoDirector
Fred GladneyDirector
John WauterlekDirector
Richard BottDirector
Rob KeithDirector
Wayne ShepherdAssistant Secretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Douglas Shaw & AssocConsulting & Development1717 Park St 300, Naperville, IL 60563, Uk$600,093
Wert & AssociatesInternational consulting1414 Lanier Pl, Atlanta, GA 30306$181,147
briteCity LLCTechnical Support4 Executive Cir, Irvine, CA 92614$167,545
Fluid CommunicationNewsletter Develop/Prod58 Plaza Sq Studio D, Orange, CA 92856$127,053
Encompass DigitalShort Wave Transmissions-$122,695
Revenue and Support

Revenue Composition

Contributions and Grants
$10,779,904
Program Service Revenue
$1,586,599
Investment Income
$942,511
Other Revenue
$0
All Other Contributions
$10,779,904
Change in Net Assets
$1,070,100

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded18$111,347Fair Market Value (FMV)
Other Non Cash Contri Table5$75,000Fair Market Value (FMV)
Cars and Other Vehicles1$1,200Fair Market Value (FMV)
Total Noncash Contributions24$187,547-

Audited Revenue Reconciliation

Revenue per Audited Statements
$13,215,140
Revenue Not Reported on Financial Statements
$93,874
Revenue Not Reported on Form 990
$-3,605
Total Revenue per Audited Statements
$13,211,535
Total Revenue per Form 990
$13,309,014
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$5,794,427
Salaries, Compensation, and Employee Benefits$3,965,366
Other Expenses$2,299,121
Total Fundraising Expense$1,283,327
Professional Fundraising Fees$180,000

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$5,794,427--$5,794,427
Other Salaries and Wages$1,988,641$195,330$292,909$2,476,880
Fees for Services Other$620,063$56,328$194,557$870,948
Other Employee Benefits$482,391$54,818$63,041$600,250
Current Officers, Directors, Trustees, and Key Employees$270,336$248,653$51,732$570,721
Office Expenses$141,496$30,586$29,760$201,842
Payroll Taxes$132,847$28,326$23,570$184,743
Information Technology$124,883$24,682$32,571$182,136
Fees for Services Professional Fundraising--$180,000$180,000
Pension Plan Contributions$110,491$9,841$12,440$132,772
Occupancy$93,809$11,381$11,924$117,114
Fees for Service Investment Mgmnt Fees-$93,874-$93,874
All Other Expenses$41,291$41,244$7,209$89,744
Travel$41,096$3,255$13,377$57,728
Insurance$42,437$10,280$4,457$57,174
Depreciation Depletion$29,138$17,483$6,357$52,978
Fees for Services Accounting$6,744$15,736-$22,480
Other Expenses$16,173$1,097$2,915$20,185
Conferences and Meetings$10,422$615$3,110$14,147
Advertising$2,028$915$6,403$9,346
Fees for Services Legal$1,058$529$3,703$5,290
Total Functional Expenses$436,716$1,333$6,220$444,269

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$12,238,914
Total Expenses per Audited Statements$12,223,640
Expenses per Audited Statements$12,145,040
Expenses Not Reported on Financial Statements$93,874
Expenses Not Reported on Form 990$78,600
International Activity

International Summary

Offices
0
Employees
5
Spending
$6,267,663

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
East Asia and the PacificGrants to recipientsRadio Media Communications00$4,079,669
Russia & the Newly Independent StatesGrants to recipients-00$1,460,534
East Asia and the PacificProgram services-05$473,236
South AsiaGrants to recipients-00$162,014
Sub-Saharan AfricaGrants to recipients-00$50,000
EuropeGrants to recipients-00$37,350
North AmericaGrants to recipients-00$4,860
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$180,000
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Fiduciary Obligations$2,362,286
Capital Lease Obligations$9,931
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
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
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, Part VI, Section B, line 11B

Form 990 is prepared by an independent CPA firm. The Treasurer/CFO and the President review the 990 in detail with FEBC's Audit and Finance Committee. The 990 is also provided and reviewed with the board of directors prior to filing with the IRS.

Form 990, Part VI, Section B, line 12C

Forms are circulated to Board members and officers on an annual basis and reviewed by the Finance Committee. Disclosed conflicts are reported back to the Board. Should any potential conflicts of interest be disclosed, the board member or officer would be asked to refrain from participation in any deliberation or decision with regard to matters affected by the relationship.

Form 990, Part VI, Section B, line 15

Compensation for the President is set and approved by the board, who are considered to be independent. The President and personnel department set compensation for other officers and key employees based upon review of similar organizations, as well as competitive data for executive management and staff. The Finance and Audit committee performs periodic reviews of the compensation structure as part of its duties. All discussions regarding compensation are documented in the minutes.

Form 990, Part VI, Section C, line 19

The governing documents, conflict of interest policy, and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Far East Broadcasting Company Inc
EIN
95-1461574
Phone
5629474651
Address
PO Box 1, La Mirada, CA 90637-0001

Signing Officer

Name
Scott Hassel
Title
Treasurer and CFO
Phone
5629474651
Signed
2021-11-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Edward Cannon
Formed
1945
Legal Domicile
CA
Voting Board Members
10
Independent Board Members
10
Employees
53
Volunteers
60

Preparer

Firm
Capin Crouse LLP
Address
3050 Saturn Street Suite 104, Brea, CA 92821
Preparer
Ashley Peabody
Phone
5055022746
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

Change in value of fiduciary obligations 102,708.

Financial Statement Notes

Part XI, Line 2D - Other Adjustments:

Change in value of Fiduciary Obligations 102,708.

Raw XML AppendixShowing 400 of 943 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
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IRS990/BooksInCareOfDetail/USAddress/CityNm0La Mirada
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IRS990/MissionDesc0Far East Broadcasting Company, Inc. (FEBC) exists to develop Christian radio/internet programming and discipleship ministries for a global audience.
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IRS990/ProgSrvcAccomActy2Grp/Desc0Christian radio programs are produced in our California studios in Mandarin, Tagalog, Hmong, Korean and Vietnamese languages, which are broadcast in their native countries via shortwave, A.M., F.M., Satellite, and through other media outlets.
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IRS990/ProgSrvcAccomActy3Grp/Desc0The U.S. office provides leadership, consulting services, and training to 19 affiliate offices, including studios, office space, communication services, and IT support. The U.S. office also administers planned giving programs including Charitable Gift Annuities, Charitable Trusts, Wills and Bequests, etc.
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0FEBC provides direct support to over 9 missionaries and 5 affiliate missionaries that serve as the engineers, project managers, and other highly technical capacities across the world.
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