2024-04-30T10:52:28-04:00 2023-06-30 412024514 SOMMERVILLE & ASSOCIATES PC 2726 MATLOCK RD ARLINGTON TX 76015 990 2022-07-01 831745469 RADIO BY GRACE INC RADI 8885333551 PO BOX 3746 AMARILLO TX 79116 RIC VOGELGESANG TREASURER/DIRECTOR 8885333551 2023-04-30 true RIC VOGELGESANG 999009999 false ELAINE L SOMMERVILLE CPA P00204458 8177955046 2024-04-30 2022 2023-04-26 12:10:37Z X RIC VOGELGESANG PO BOX 3746 AMARILLO TX 79116 1100457 false X RADIOBYGRACE.COM X 2018 TX RADIO BY GRACE EXISTS TO PROVIDE EXCELLENT CHRISTIAN RADIO TO A MODERN GENERATION OF LISTENERS. 5 5 6 29 0 566692 542131 129076 163075 -24255 -25083 267470 289313 938983 969436 0 0 224893 230893 0 48903 708127 788603 933020 1019496 5963 -50060 10953022 12115817 37693 1417890 10915329 10697927 X RADIO BY GRACE EXISTS TO PROVIDE EXCELLENT CHRISTIAN RADIO TO A MODERN GENERATION OF LISTENERS. WE ARE COMMITTED TO BUILD THE LOCAL CHURCH, SERVE THE LOCAL COMMUNITY, AND TO SPREAD THE TRUTH OF GOD'S WORD WITH PASSION AND CONVICTION. ALL THAT WE DO WILL BE TO HONOR JESUS. false false 820000 350134 RADIO BROADCAST OPERATIONS ARE BRANDED AS RADIO BY GRACE WITH BROADCAST FACILITIES AND FM STATIONS ACROSS THE UNITED STATES AND VIA THE INTERNET. THE ORGANIZATION BRINGS LISTENERS A BALANCE OF SOLID BIBLICAL TEACHINGS AND LIVE TALK PROGRAMMING. CURRENT BROADCAST OPERATIONS COVER 22 STATES WITH APPROXIMATELY 22 MILLION LISTENERS. OUR PROGRAM CONTENT IS INTENDED TO DELIVER THE GOSPEL, THE GOOD NEWS OF CHRIST, TO OUR LISTENERS. FUNDRAISING EFFORTS TO SUPPORT BROADCAST OPERATIONS HAVE NOT YET BEGUN. 820000 true true false false false false false false false false true false false false true true true false false false false false false false false false false false false false false false false false false false false false false false false false false true false false false true 40 0 true 6 true false false false false false false false false false false false false X 5 5 true false false false false false false true true false false true true true true true true false false false GA AL KS KY MS SC TN IL WI FL X JANET ROE 2084201922 PO BOX 3746 AMARILLO TX 79116 X BILL GEHM PRESIDENT/DI 5.00 X X 0 0 0 DOUG GEHM SECRETARY/DI 5.00 X X 0 0 0 RIC VOGELGESANG TREASURER/DI 5.00 X X 0 0 0 MIKE KESSELL VP/DIRECTOR 5.00 X X 0 0 0 TOM SCHERLEN DIRECTOR 5.00 X 0 0 0 false false false 542131 542131 PROGRAMMING INCOME 163075 163075 163075 4266 4266 216099 216099 72905 72905 72905 72905 101672 131021 -29349 -29349 -29349 LATE FEES 900099 309 309 309 969436 350134 77171 189816 148678 7217 33921 6437 5216 215 1006 20201 17395 802 2004 14439 11722 429 2288 115670 115670 93051 80211 10375 2465 5864 2479 3385 62323 56361 2622 3340 13612 13612 28115 28115 396662 389076 7586 7881 3175 4213 493 38021 38021 26001 24537 1464 AUDIO PRODUCTION COSTS 1403 1402 1 1019496 820000 150593 48903 369651 54327 347468 30803 54072 166122 127088 23964 17363 556850 105279 456066 451571 9892346 10977607 14070 86321 10953022 12115817 37693 34266 1383624 37693 1417890 X 10915329 10697927 10915329 10697927 10953022 12115817 X -50060 -167342 X false true X false false X 1322840 10728234 566692 542131 13159897 109076 349200 327064 379483 1164823 11144 11144 1431916 11088578 893756 921614 14335864 1321792 10551428 1159961 492401 13525582 12254 12254 1334046 10551428 1159961 492401 13537836 798028 17767 86140 70634 77171 251712 17767 86140 70634 77171 251712 1449683 11174718 964390 998785 14587576 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 63365 63365 161470 21408 140062 332015 83871 248144 451571 RIGHT-OF USE OPERATING LEASE 1383624 1383624 X 802094 -167342 -167342 969436 969436 1019496 1019496 1019496 SCHEDULE D, PAGE 3, PART X RBG IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3)OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS REFLECTED IN THE ACCOMPANYING FINANCIAL STATEMENTS. U.S. GAAP REQUIRES THE EVALUATION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE COURSE OF PREPARING THE RBG'S TAX RETURNS TO DETERMINE WHETHER THE TAX POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED BY THE APPLICABLE TAX AUTHORITY. TAX POSITIONS NOT DEEMED TO MEET THE MORE LIKELY THAN NOT THRESHOLD WOULD BE RECORDED AS A TAX BENEFIT OR EXPENSE IN THE CURRENT YEAR. A RECONCILIATION IS NOT PROVIDED HEREIN, AS THE BEGINNING AND ENDING AMOUNTS OF UNRECOGNIZED BENEFITS ARE ZERO, WITH NO INTERIM ADDITIONS, REDUCTIONS, OR SETTLEMENTS. RBG IS RELYING ON ITS TAX-EXEMPT STATUS AND ITS ADHERENCE TO ALL APPLICABLE LAWS AND REGULATIONS TO PRESERVE THAT STATUS. HOWEVER, THE CONCLUSIONS REGARDING ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES WILL BE SUBJECT TO REVIEW AND MAY BE ADJUSTED AT A LATER DATE BASED ON FACTORS INCLUDING, BUT NOT LIMITED TO, ONGOING ANALYSIS OF TAX LAWS, REGULATIONS, AND INTERPRETATIONS THEREOF. RBG RECOGNIZES INTEREST AND PENALTIES, IF ANY, RELATED TO UNCERTAIN TAX POSITIONS AS OTHER EXPENSES. RBG DOES NOT HAVE ANY OUTSTANDING INTEREST OR PENALTIES, AND NONE HAVE BEEN RECORDED IN THE STATEMENT OF ACTIVITIES AND CHANGES IN NET ASSETS FOR THE YEAR ENDED JUNE 30, 2023. RBG'S INFORMATIONAL RETURNS FILED ARE GENERALLY SUBJECT TO EXAMINATION FOR THREE YEARS AFTER THE LATER OF THE DUE DATE OR DATE OF FILING. AS A RESULT, THE RBG IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS PRIOR TO 2020. SCHEDULE D, PAGE 4, PART XI, LINE 2D LOSS ON IMPAIRMENT OF LICENSES -167,342 FORM 990 - ORGANIZATION'S MISSION RADIO BY GRACE EXISTS TO PROVIDE EXCELLENT CHRISTIAN RADIO TO A MODERN GENERATION OF LISTENERS. WE ARE COMMITTED TO BUILD THE LOCAL CHURCH, SERVE THE LOCAL COMMUNITY, AND TO SPREAD THE TRUTH OF GOD'S WORD WITH PASSION AND CONVICTION. ALL THAT WE DO WILL BE TO HONOR JESUS. FORM 990, PAGE 6, PART VI, LINE 2 BILL GEHM DOUG GEHM PRESIDENT SECRETARY BUSINESS RELATIONSHIP FORM 990, PAGE 6, PART VI, LINE 11B THE FORM 990 IS PREPARED BY AN OUTSIDE CPA FIRM. AFTER PREPARATION IS COMPLETE, THE ACCOUNTANT WILL INITIALLY REVIEW THE FORM 990. ONCE THE ACCOUNTANT IS SATISFIED WITH THE INFORMATION, SHE WILL CIRCULATE THE FORM 990 ELECTRONICALLY TO ALL BOARD MEMBERS FOR THEIR REVIEW AND APPROVAL PRIOR TO SUBMISSION TO THE IRS. FORM 990, PAGE 6, PART VI, LINE 12C THE CONFLICT OF INTEREST POLICY FOR THE ORGANIZATION COVERS ANY DIRECTOR, PRINCIPLE OFFICER, OR MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS, WHO HAS A DIRECT OR INDIRECT FINANCIAL INTEREST. EVERY YEAR THEY MUST SIGN A STATEMENT THAT AFFIRMS THEY HAVE RECEIVED A COPY OF THE POLICY, HAVE READ AND UNDERSTANDS THE POLICY, HAS AGREED TO COMPLY WITH THE POLICY, AND UNDERSTAND THE ORGANIZATION IS CHARITABLE AND IN ORDER TO MAINTAIN ITS TAX EXEMPTION STATUS IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. ANY TIME A CONFLICT OF INTEREST ARISES, IT IS DISCLOSED TO THE BOARD BY THE INTERESTED PERSON. FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION MAKES ITS FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9 LOSS ON IMPAIRMENT OF LICENSES -167,342 GRACE COMMUNITY CHURCH 4111 PLAINS BLVD AMARILLO TX 79106 752048265 RELIGIOUS TX 501C3 1 N/A false false false true false false false false false false false true true false false false false false false false