Audio Journal INC EIN 04-3519488 Form 990 (PDF) Claim this org

Audio Journal INC FY2021 filing

Not yet claimed Claim this org →

Broadcasts local news and entertainment to visually impaired individuals. For fiscal year 2021 it reported $331K in revenue, $203K in expenses, and $813K in net assets.Pt I

Type
Public charity (501(c)(3)) · Human Services
Location
Worcester, MA
Website
audiojournal.org
Filings
5 on file (2021–2021)
Revenue
$331KFY2021
Expenses
$203K
Net assets
$813K
People
8
Filings
5
Updates
0
More identity details & actions ⌄
EIN  04-3519488 Public charity (501(c)(3)) Worcester, MA
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →
Compare with another nonprofit →
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until Audio Journal INC claims this page.

Know this organization? Claim it to add your story

Size
$100K–1M
What they do
Broadcasts local news and entertainment to visually impaired individuals.
Leadership
Mary Frandsen · Executive Dir. · $71K
Money in and out
$331K revenue, $203K expenses
Bottom line
71% program efficiency
Where the money goes · FY2021
Total revenue
$331K
Pt VIII · Ln 12
Total expenses
$203K
Pt IX · Ln 25
Net assets
$813K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $128K
Where spending went · Part IX cols B–D
Program services $0.71 Management & general $0.19 Fundraising $0.10
Program efficiency
71%
of spending reaches programs
Operating runway
43.2mo
months of highly liquid reserves at operating expense rate
Surplus margin
+39%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$331K
FY2021
Expenses
$203K
FY2021
Total assets
$823K
FY2021
Total liabilities
$10K
FY2021
Total revenue
$331K
Pt VIII · Ln 12
Total expenses
$203K
Pt IX · Ln 25
Net assets
$813K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$128K
Total assetsPt X · Ln 16$823K
Program-expense ratioPt IX · col B71%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47
Mission & Programs · Part III

Where the work happens

1 program service account for $143K of program spending, described in the organization's own filed words · FY2020.
01

Audio Journal's mission in Central Massachusetts is to connect individuals with a visual impairment or an inability to access printed material, to their communities through broadcasting of local news, information and entertainment, with exclusive programs and content. Audio Journal's primary program is radio reading for the blind.

$143Kprogram expense

Run this program? Claim this org to tell your story

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CAudio Journal INC
EINHdr · item D04-3519488
Principal addressHdr · item CWorcester, MA
WebsiteHdr · item Jaudiojournal.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P86)
Ruling yearIRS BMFOct 2000

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Executive Dir.
$71,162Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A

Harry Duchesne’s $81K as Executive Dir. is at the 73rd percentile of top reported officer pay among 2164 $100K–1M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Harry Duchesne$81,387$68,352$72,424$5,754
Mary Frandsen$39,843$71,162

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Audio Journal INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Statement of Revenue

Part VIII
Contributions & grants$225K · 68%
Investment income$55K · 17%
Program service revenue$50K · 15%
Contributions & grants68%$225K
Investment income17%$55K
Program service revenue15%$50K
Other revenue$661
— government grantsLn 1e$38K
Total revenueLn 12$331K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.71 Management & general $0.19 Fundraising $0.10
Program services71%$143K
Management & general19%$39K
Fundraising10%$21K
Total functional expensesLn 25$203K

Balance Sheet

Part X · end of year
CashLn 1$230K
Total assetsLn 16$823K
Total liabilitiesLn 26$10K
Total net assetsLn 32$813K
Months of cash on handcomputed13.6

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $726K · Operating expenses (Pt IX) $203K · Less non-cash grants $906 · Cash operating expenses/yr $202K
43.2 months
Where the money goes
Program services
Program services $143K · Total expenses $203K
71%
Management & General
Management & general $39K · Total expenses $203K
19%
Fundraising
Fundraising $21K · Total expenses $203K
10%
Cost to raise $1
Fundraising expense $21K · Solicited contributions $188K
$0.11 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $225K · Total revenue $331K
68%
Government reliance
Government grants $38K · Total revenue $331K
11%
Earned-income share
Program service revenue $50K · Total revenue $331K
15%
Investment reliance
Investment income $55K · Total revenue $331K
+17%
Program self-sufficiency
Program service revenue $50K · Total expenses $203K
25%
Growth & trend
Revenue growth (YoY)
This year $331K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $813K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $331K · Expenses $203K
+39%
Liabilities-to-Assets
Total liabilities — · Total assets $823K
Net-asset ratio
Net assets $813K · Total assets $823K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $496K · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $823K
60%
People & payroll
Highest Reported Total Compensation
Individual Mary Frandsen · Reported title Executive Dir. · Highest reported compensation $71K · Total expenses $203K
35%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $130K · Total expenses $203K
64%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 71%
Overhead ratio 19%
Fundraising cost ratio 9%
Investment management fee ratio 0.6%
Legal fee ratio 0%
Accounting fee ratio 3%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$1K

Similar Organizations

Closest in mission — by what they do
See all organizations like Audio Journal INC →

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$379K revenue · ⤓ 990 PDF
FY2024$425K revenue · ⤓ 990 PDF
FY2023$317K revenue · ⤓ 990 PDF
FY2022$265K revenue · ⤓ 990 PDF
FY2021$331K revenue · viewing · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.