Overview
What is Edgewater Broadcasting Inc?
Edgewater Broadcasting Inc was a nonprofit organization based in Twin Falls, Idaho, known for providing Christian radio talk and music under the Freedom Radio FM network until November 2019. In 2019, the organization initiated a process to distribute its assets to Radio by Grace, Inc., a fellow 501(c)(3) nonprofit, as per a donation agreement signed in 2018, which was later amended in 2019, 2020, and 2021. Following this agreement, Edgewater Broadcasting Inc ceased its operations and programs in 2020, and subsequently, it was in the process of liquidating its assets to contribute to Radio by Grace, Inc., in accordance with its bylaws and mission purpose.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 71% (Two-Star out of Four Stars)
Edgewater Broadcasting Inc has received a 71% rating from Charity Navigator, indicating a moderate level of accountability and transparency. The organization scored particularly well in areas such as board governance, with all members being independent and a robust conflict of interest policy in place. Additionally, their financial management appears sound, as indicated by a low liabilities to assets ratio.
The nonprofit showcases a strong commitment to its programming, evidenced by a program expense ratio of 97.49%, which suggests that nearly all of its expenses are directed towards its charitable activities. This high percentage highlights the organization's focus on delivering its mission effectively and efficiently.
However, the overall Two-Star rating reflects some areas for improvement. While the organization has strong financial metrics and governance practices, the 71% overall score suggests that there may be opportunities for greater transparency or effectiveness that could enhance its rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Edgewater Broadcasting Inc legitimate?
Edgewater Broadcasting Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Edgewater Broadcasting 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Edgewater Broadcasting Inc?
Edgewater Broadcasting Inc's mission, as outlined in its bylaws and mission purpose, was to liquidate its assets and contribute them to Radio by Grace, Inc., a 501(c)(3) nonprofit organization, in accordance with a donation agreement executed in 2018. This process was initiated in 2019 and was subsequently amended in 2019, 2020, 2021, and 2022. This contribution was in line with Edgewater Broadcasting Inc's mission purpose, which included providing Christian radio talk and music under the branded radio network of Freedom Radio FM until November 2019. Post-2019, the organization ceased its programs and operations, and was in the process of liquidating its assets to contribute to Radio by Grace, Inc.
In simpler terms, Edgewater Broadcasting Inc's mission was to close its operations and give its assets to Radio by Grace, Inc., as per a donation agreement. This action was in accordance with the organization's bylaws and mission purpose, which also included broadcasting Christian radio talk and music through Freedom Radio FM until November 2019.
Who is the CEO of Edgewater Broadcasting Inc?
John Devine is the President of Edgewater Broadcasting Inc.
What is the revenue of Edgewater Broadcasting Inc?
Edgewater Broadcasting Inc's revenue in 2022 was $549,535.
Who are the executives of Edgewater Broadcasting Inc and what are their salaries?
There 3 volunteers at Edgewater Broadcasting Inc.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Edgewater Broadcasting Inc?
Edgewater Broadcasting Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Edgewater Broadcasting Inc
Edgewater Broadcasting Inc, a nonprofit organization, had a unique mission. Initially, it focused on providing Christian radio talk and music through the Freedom Radio FM network. However, starting in 2019, the organization initiated a process of distributing its assets to a fellow 501(c)(3) nonprofit organization, Radio by Grace, Inc. This was in accordance with a donation agreement executed in 2018, which was subsequently amended in 2019, 2020, 2021, and 2022.
This shift in mission was a significant one for Edgewater Broadcasting Inc. It ceased its programs and operations during 2020 and entered the phase of liquidating its assets to contribute to Radio by Grace, Inc. This contribution was in line with the organization's bylaws and mission purpose. Edgewater Broadcasting Inc's decision to liquidate its assets and contribute to Radio by Grace, Inc. was driven by a shared vision and a desire to support another nonprofit organization that aligns with its values and mission. The organization's assets, once liquidated, would contribute to the ongoing work and mission of Radio by Grace, Inc.
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Impact
July, 2024
Edgewater Broadcasting Inc's impact lies in its provision of Christian radio talk and music through the branded radio network of Freedom Radio FM until November 2019. Following this, the organization initiated a process to distribute its assets to another 501(c)(3) organization, Radio By Grace, Inc., pursuant to a donation agreement executed in 2018 and subsequently amended in 2019, 2020, 2021, and 2022. This process involved the cessation of programs and operations in 2020 and the liquidation of assets to contribute to Radio By Grace, Inc., aligning with Edgewater Broadcasting Inc's bylaws and mission purpose. The organization's impact primarily centered on its role in supporting Christian content dissemination through radio broadcasting, ultimately redirecting its resources to further the mission through its beneficiary organization.
This information is meant to be a general summary of Edgewater Broadcasting 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.
- Investment Income: $241,500
- Program Service Revenue: $12,325
- Gross Receipts: $708,035
Assets and Liabilities:
- Total Assets: $172,161
- Total Liabilities: $11,233
- Net Assets: $160,928
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAMMER SHARES
Revenue
$6,632
RECOVERY OF BAD DEBTS
Revenue
$5,693
Organization Details
Founding Year
2004
Phone
(208) 420-1922Principal Officer
John Devine
Main Address
PO BOX J, TWIN FALLS, ID, 83303
NTEE Category
Code: X84 - Religion related
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