Troy Community Fm FY2022 filing

Tax-deductible

Troy, OH501(c)(3)Arts & CultureEIN 35-2484745Revenue $240K in FY2022

On file with the IRS315 Public Sq Ste 216, 45373-5202 · Troy, OHTax-exempt since Sep 2020Publicly supported charity — 170(b)(1)(A)(vi)

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The mission of power 107.1 is to empower local non-profit organizations, in partnership with businesses and corporations. Beyond giving non-profits a voice and a platform on power 107.1, we also fundraise for them through our giveback program, a portion of the proceeds spent with our radio station from local businesses and corporations go back to local non- profits. Giving back to our Community is the true power of local radio

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $4K a year · 2% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
5 mo
of spending, in cash
Looks good: 5.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $67K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$110K
94% of total assets
Concern: liabilities are 94% of assets; over 80%.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$240K
+0.5% vs prior year
Spent
$243K
To programs
100%
Net assets
$7K
By yearFY2021–FY2025
Revenue
$240K
FY2022▲ +0.5%
Tap a bar for its year
Revenue by fiscal year
FY2021$238K
FY2022$240K
FY2023$279K
FY2024$332K
FY2025$242K
Expenses
$243K
FY2022▲ +7%
Tap a bar for its year
Expenses by fiscal year
FY2021$228K
FY2022$243K
FY2023$272K
FY2024$287K
FY2025$281K
Net assets
$7K
FY2022▼ -33%
Tap a bar for its year
Net assets by fiscal year
FY2021$11K
FY2022$7K
FY2023$13K
FY2024$56K
FY2025$17K

From the FY2022 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 2020.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $243K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A

Robert S Hornberger’s $78K as Executive Di is at the 73rd percentile of top reported officer pay among 2216 $100K–1M arts & culture 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.

See Troy Community Fm executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Empowers local nonprofits with a platform and fundraising support through business partnerships.

Questions for Troy Community Fm

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Provided by the organization

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1 program · $243K · in their own filed words · FY2022
01

The mission of power 107.1 is to empower local non-profit organizations, in partnership with businesses and corporations. Beyond giving non-profits a voice and a platform on power 107.1, we also fundraise for them through our giveback program, a portion of the proceeds spent with our radio station from local businesses and corporations…

$243Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$67K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$240K
Ln 12
Fees for servicesLn 2g$199K
Gifts and grantsLn 1h$39K
Other incomeLn 4–11$2K
Money outPt IX
$243K
Ln 25
Programscol B$243K
Owns and owesPt X
$7K
net assets · Ln 32
Cash and savingsLn 1–2$105K
Total assetsLn 16$118K
LiabilitiesLn 26$110K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$39K
Fees for servicesLn 2g$199K
Other incomeLn 4–11$2K
Total revenueLn 12$240K
Assets in detailPt X, end of year
CashLn 1$105K
Cash and savings togetherLn 1–2$105K
Total assetsLn 16$118K
LiabilitiesLn 26$110K
Net assetsLn 32$7K
OperationsPt I, VI
EmployeesI 54
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$55K$105K
Total assetsLn 16$92K$118K
LiabilitiesLn 26$81K$110K
Net assetsLn 32$11K$7K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$137K$137K
Other employee benefitsLn 9$275$275
Payroll taxesLn 10$50K$50K
Accounting feesLn 11c$5K$5K
Advertising and promotionLn 12$100$100
OccupancyLn 16$14K$14K
InterestLn 20$399$399
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$28K$28K
All other expensesLn 24e$6K$6K
Total functional expensesLn 25$243K$243K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $242K$281K−$39K$17K 990 PDF
FY2024 $332K$287K$45K$56K 990 PDF
FY2023 $279K$272K$6K$13K 990 PDF
FY2022 Viewing $240K$243K−$3K$7K 990 PDF
FY2021 $238K$228K$11K$11K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $239,723 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $196,905$38,651
I-9 Program service revenuePrior year $40,873$199,125
I-10 Investment income$0
I-11 Other revenuePrior year $645$1,947
I-12 Total revenuePrior year $238,423$239,723
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $176,250$187,334
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $51,291$55,582
I-18 Total expensesPrior year $227,541$242,916
I-19 Revenue less expensesPrior year $10,882−$3,193
Part VI · Governance 5 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $239,723 across 5 lines filed
VIII-1f All other contributions, gifts and grants$38,651
VIII-1h Total contributions, gifts and grants$38,651
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $199,125$199,125
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,947$1,947
VIII-12 Total revenueRelated to mission $201,072$239,723
Part IX · Statement of functional expenses $242,916 across 10 lines filed
IX-7 Other salaries and wagesPrograms $137,253$137,253
IX-9 Other employee benefitsPrograms $275$275
IX-10 Payroll taxesPrograms $49,806$49,806
IX-11c Accounting feesPrograms $4,773$4,773
IX-12 Advertising and promotionPrograms $100$100
IX-16 OccupancyPrograms $13,555$13,555
IX-20 InterestPrograms $399$399
IX-23 InsurancePrograms $2,295$2,295
IX-24 Other expenses (24a–d)Programs $28,319$28,319
IX-24e All other expensesPrograms $6,141$6,141
IX-25 Total functional expensesPrograms $242,916 · Management $0 · Fundraising $0$242,916
Part X · Balance sheet $117,577 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $55,054$105,227
X-4 Accounts receivableStart of year $36,560$12,350
X-16 Total assetsStart of year $91,614$117,577
X-19 Deferred revenue$35,000
X-25 Other liabilitiesStart of year $80,874$75,380
X-26 Total liabilitiesStart of year $80,874$110,380
X-27 Net assets without donor restrictionsStart of year $10,740$7,197
X-32 Total net assets or fund balancesStart of year $10,740$7,197
X-33 Total liabilities and net assetsStart of year $91,614$117,577
Part XI · Reconciliation of net assets $7,197 net assets at year end
XI-1 Total revenue$239,723
XI-2 Total expenses$242,916
XI-3 Revenue less expenses−$3,193
XI-4 Net assets at start of year$10,740
XI-8 Prior period adjustments−$350
XI-10 Net assets at end of year$7,197

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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