2024-06-28T12:31:04-05:00 2023-12-31 621199757 LBMC PC 2095 LAKESIDE CENTRE WAY SUITE 220 KNOXVILLE TN 37922 990 2023-01-01 582004387 CUMBERLAND COMMUNITIES COMMUNICATIONS CORPORATION CUMB 8655441029 301 S GAY STREET KNOXVILLE TN 37902 WILLAM ALLEN PRESIDENT 8655441029 2024-06-27 1 WILLAM ALLEN 999009999 0 ABIGAIL CAMPBELL P01296738 8656919000 2024-06-27 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z WDVX KATHY HAMILTON 301 S GAY STREET KNOXVILLE TN 37902 632196 0 X WWW.WDVX.COM X 1997 TN WE CREATE AND PROVIDE CONTENT TO PROMOTE THE CULTURAL HERITAGE OF EAST TENNESSEE AND THE SOUTHERN APPALACHIAN REGION BY ENTERTAINING AND EDUCATING AUDIENCES GLOBALLY WITH ORIGINAL PROGRAMS SHOWCASING LIVE RADIO PERFORMANCE, UNDERREPRESENTED ARTS, AND EMERGING LOCAL TALENT. 12 12 18 54 0 0 593017 604361 27677 24100 239 1490 2237 2245 623170 632196 0 0 0 0 427379 437475 0 0 99929 178496 205230 605875 642705 17295 -10509 539173 512733 157375 136575 381798 376158 X TO CREATE AND PROVIDE CONTENT TO PROMOTE THE CULTURAL HERITAGE OF EAST TENNESSEE AND THE SOUTHERN APPALACHIAN REGION BY ENTERTAINING AND EDUCATING AUDIENCES GLOBALLY WITH ORIGINAL PROGRAMS SHOWCASING LIVE RADIO PERFORMANCE, UNDERREPRESENTED ARTS, AND EMERGING AND LOCAL TALENT. 0 0 425017 26345 THE ORGANIZATION PROVIDES ORIGINAL RADIO PROGRAMMING TO SHOWCASE LIVE RADIO PERFORMANCES, UNDERREPRESENTED ARTS, AND EMERGING AND LOCAL TALENT TO PROMOTE THE CULTURAL HERITAGE OF EAST TENNESSEE AND THE SOUTHERN APPALACHIAN REGION BY ENTERTAINING AND EDUCATING AUDIENCES. 425017 1 1 0 0 0 0 0 0 0 1 1 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 15 0 1 18 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 TN X TONY LAWSON 8655441029 301 SOUTH GAY STREET KNOXVILLE TN 37902 TONY LAWSON GENERAL MANAGER 40.00 X 83450 0 2493 DON BURGGRAF DIRECTOR 1.00 X 2172 0 0 ROSA MAR DIRECTOR 0.50 X 0 0 0 THOMAS BOYD DIRECTOR 0.25 X 0 0 0 OSLO COLE DIRECTOR 0.25 X 0 0 0 JAMES PAYNE DIRECTOR 0.25 X 0 0 0 SHERRY HARRIS DIRECTOR 0.25 X 0 0 0 RICHARD HALL DIRECTOR 1.00 X 0 0 0 KATHY HAMILTON PRESIDENT 1.00 X X 0 0 0 BILL CONNOR PRESIDENT ELECT 0.50 X X 0 0 0 CHAD YOUNGBLOOD VICE PRESIDENT 0.50 X X 0 0 0 BILL ALLEN TREASURER 1.50 X X 0 0 0 TERRY TURNER SECRETARY 1.00 X X 0 0 0 85622 0 2493 0 0 0 0 0 216960 387401 604361 SPECIAL EVENTS 711300 24100 24100 24100 1490 1490 2245 0 2245 2245 632196 26345 0 1490 88115 52869 22029 13217 276104 193209 40151 42744 6262 6262 40484 27693 6633 6158 26510 18026 4507 3977 2481 2481 23668 23668 2069 2069 49052 18901 4347 25804 21852 21852 5850 5850 8006 8006 7122 7122 SPECIAL EVENTS 40306 40306 WEBCASTING FEES 26106 26106 MISCELLANEOUS 18718 5937 6821 5960 642705 425017 117759 99929 427074 391966 17773 35638 6601 7774 217975 198352 23948 19623 63777 57732 539173 512733 36562 44271 93363 76325 27450 15979 157375 136575 X 381798 376158 381798 376158 539173 512733 X -10509 4869 X X 0 1 X 1 0 X 585908 617422 659036 593017 604361 3059744 585908 617422 659036 593017 604361 3059744 28766 3030978 78 57 79 239 1490 1943 3061687 8110 0.99000 0.99980 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 38135 4869 43004 44340 -6205 38135 39067 5273 44340 34277 4790 39067 29601 4676 34277 1.00000 1 0 6179 6179 0 211796 192173 19623 19623 EAST TN FOUNDATION ENDOWMENT FUND 43004 OPERATING LEASE RIGHT-OF-USE ASSET 14728 57732 OPERATING LEASE, CURRENT PORTION 11935 OPERATING LEASE, EXCLUDING CURRENT PORTION 4044 15979 X 697889 60824 4869 65693 632196 0 632196 703529 60824 60824 642705 0 642705 PART V, LINE 4: THE ENDOWMENT FUND HAS BEEN ESTABLISHED WITH EAST TENNESSEE FOUNDATION FOR THE BENEFIT OF WDVX WITHIN THE GENERAL CHARITABLE PURPOSES OF EAST TENNESSEE FOUNDATION AS SET FORTH IN ITS GOVERNING INSTRUMENTS, AS AMENDED FROM TIME TO TIME. PART X, LINE 2: THE ORGANIZATION IS EXEMPT FOR FEDERAL INCOME TAXES UNDER THE PROVISIONS OF INTERNAL REVENUE CODE SECTION 501(C (3), AND, ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS INCLUDED IN THE FINANCIAL STATEMENTS. THE INTERNAL REVENUE SERVICE DOES NOT CLASSIFY THE ORGANIZATION AS A PRIVATE FOUNDATION. AN UNCERTAIN TAX POSITION IS RECOGNIZED AS A BENEFIT ONLY IF IT IS "MORE LIKELY THAN NOT" THAT THE TAX POSITION WOULD BE SUSTAINED IN A TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. THE AMOUNT RECOGNIZED IS THE LARGEST AMOUNT OF TAX BENEFIT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED ON EXAMINATION. FOR TAX POSITIONS NOT MEETING THE "MORE LIKELY THAN NOT" TEST, NO TAX BENEFIT IS RECORDED. THE ORGANIZATION HAS NO MATERIAL UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. AS OF DECEMBER 31, 2023 AND 2022, THE ORGANIZATION HAS ACCRUED NO INTEREST AND NO PENALTIES RELATED TO UNCERTAIN TAX POSITIONS. IT IS THE ORGANIZATION'S POLICY TO RECOGNIZE INTEREST AND/OR PENALTIES RELATED TO INCOME TAX MATTERS IN INCOME TAX EXPENSE. THE ORGANIZATION FILES A U.S. FEDERAL NONPROFIT TAX RETURN ANNUALLY. THE ORGANIZATION IS CURRENTLY OPEN TO AUDIT UNDER THE STATUTE OF LIMITATIONS FOR A PERIOD OF THREE YEARS. PART XI, LINE 2D - OTHER ADJUSTMENTS: GAIN ON ENDOWMENT FUND INVESTMENT 4,869. FORM 990, PART VI, SECTION B, LINE 11B THE MEMBERS OF THE BOARD REVIEW THE FORM 990 PRIOR TO ITS FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL MEMBERS OF THE BOARD HAVE BEEN NOTIFIED THAT THEY ARE TO REPORT ANY POTENTIAL CONFLICT OF INTEREST AND TO REPORT ANY SUSPICION OF CONFLICT TO OTHER BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 15 ALL SALARIES ARE APPROVED AT THE BOARD LEVEL. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC AT THE MAIN OFFICE OF WDVX LOCATED AT 301 SOUTH GAY STREET, KNOXVILLE, TN 37902. FORM 990, PART XI, LINE 9: LOSS ON ENDOWMENT INVESTMENT 4,869. FORM 990, PART XII, LINE 2C THE ORGANIZATION DOES HAVE A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED SINCE PRIOR YEAR.