Overview
What is Word Broadcasting Network Inc?
Word Broadcasting Network Inc, based in Louisville, Kentucky, operates as a nonprofit organization with a focus on Christian broadcasting and programming. Their primary activity involves generating income through radio and television broadcasting. The organization's mission is to support this cause by purchasing and selling television and radio stations. With a team of 40 employees, Word Broadcasting Network Inc aims to promote and disseminate Christian content through their broadcasting platforms.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Word Broadcasting Network Inc has received a two-star rating from Charity Navigator, indicating a need for improvement in various operational areas. With an overall score of 71%, the organization shows strengths in areas such as having a majority of independent board members and a robust audit and oversight committee. However, the lack of key policies, such as a whistleblower policy and document retention procedures, raises concerns about accountability and transparency.
The organization demonstrates excellent program expense ratio, indicating that it directs all of its resources towards its programs. However, the liabilities to assets ratio is a significant issue, resulting in a score of zero in that area. This financial imbalance may pose risks to the organization's sustainability and effectiveness over the long term.
Overall, while Word Broadcasting Network Inc has some strong governance structures in place, the absence of essential policies and the concerning financial ratios suggest that there are critical areas that need attention and enhancement. Addressing these weaknesses may improve their rating and overall impact.
This AI summary has been generated from information found on Charity Navigator.
Is Word Broadcasting Network Inc legitimate?
Word Broadcasting Network Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Word Broadcasting Network Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $903,296
Professional Fundraising Fees: $0
Other Salaries and Wages: $962,592
For more financial information, click here
What is the mission statement of Word Broadcasting Network Inc?
Word Broadcasting Network Inc aims to uphold Christian broadcasting and programming. They achieve this objective by engaging in the purchase and sale of television and radio stations, with the primary purpose being to support and promote such programming. The organization generates revenue primarily through its radio and television broadcasting activities. In essence, Word Broadcasting Network Inc is dedicated to fostering and advancing Christian broadcasting, using its financial resources to acquire and manage relevant broadcasting stations.
Who is the CEO of Word Broadcasting Network Inc?
Robert W Rodgers is the President of Word Broadcasting Network Inc.
What is the revenue of Word Broadcasting Network Inc?
Word Broadcasting Network Inc's revenue in 2022 was $4,198,723.
Who are the executives of Word Broadcasting Network Inc and what are their salaries?
The average compensation at Word Broadcasting Network Inc during 2022 was $46,647. There are 40 employees and 25 volunteers at Word Broadcasting Network Inc.
Here are 7 key members and their salaries:
- Compensation: $117,000
- Related: $0
- Other: $147,000
- Compensation: $58,082
- Related: $0
- Other: $51,971
- Compensation: $31,310
- Related: $0
- Other: $18,000
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $108,968
- Compensation: $0
- Related: $0
- Other: $75,000
Where can I find the form 990 for Word Broadcasting Network Inc?
Word Broadcasting Network Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Word Broadcasting Network Inc
Word Broadcasting Network Inc is committed to advocating for Christian Broadcasting and programming. This organization fulfills its mission by strategically purchasing and selling television and radio stations, with the primary objective of fostering and promoting Christian content. By leveraging its revenue generated through radio and television broadcasting, Word Broadcasting Network Inc contributes to the dissemination of Christian values and messages to a wider audience.
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Impact
October, 2024
Word Broadcasting Network Inc significantly impacts the media landscape by facilitating Christian broadcasting and programming. By acquiring and managing television and radio stations dedicated to religious content, the organization fosters a platform for the dissemination of Christian values and teachings. This supports a diverse array of programming that reaches various audiences, enhancing access to spiritual resources and community engagement.
Through its activities, Word Broadcasting Network Inc not only generates revenue focused on supporting its mission but also contributes to the cultural and religious dialogue within the Louisville, KY area and beyond. Its initiatives help create a robust network for believers to connect with faith-based content, ultimately contributing to the spiritual growth of individuals and communities.
This information is meant to be a general summary of Word Broadcasting Network Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $4,168,702
- Gross Receipts: $4,198,723
Assets and Liabilities:
- Total Assets: $12,102,281
- Total Liabilities: $12,102,281
- Net Assets: $0
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Fees
Revenue
$4,165,601
Trades
Revenue
$3,101
Organization Details
Founding Year
1978
Phone
(502) 964-3304Principal Officer
Robert W Rodgers
Main Address
PO Box 99607, Louisville, KY, 40269
NTEE Category
Code: X82 - Religion related
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