Nonprofit · EIN 46-0768058
LAGUNA RADIO INC
Tax-exempt · LAGUNA BEACH, CA 92651
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $173,907 | $139,263 | $34,644 | $89,620 | $139,395 | -$49,775 |
| December 31, 2023 | 990 | $187,244 | $356,797 | -$169,553 | $202,080 | $286,499 | -$84,419 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $125,001
- Program service revenue
- $4,888
- Investment income
- $0
- Other revenue
- $44,018
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $53,900
- Salaries, compensation and benefits (total)
- $55,820
- Professional fundraising fees
- $0
- Legal fees
- $3,289
- Accounting fees
- $358
- Occupancy
- $28,537
- Travel
- $147
- Depreciation
- $7,580
- Program services (functional)
- $118,132
- Management and general (functional)
- $20,553
- Fundraising (functional)
- $578
Balance sheet and other
- Total assets, start of year
- $202,080
- Total assets, end of year
- $89,620
- Total liabilities, end of year
- $139,395
- Net assets, end of year
- -$49,775
- Land, buildings and equipment
- $22,753
- Net assets without donor restrictions
- -$49,775
- Gross receipts
- $173,907
- Employees
- 1
- Volunteers
- 100
- Year formed
- 2012
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Billy Fried | Chairman Trustee or director, Officer | 25 | $0 |
| Jonathan Tufano | Treasurer Trustee or director, Officer | 0 | $0 |
| John Church | Director Trustee or director | 0 | $0 |
| Cindy Obrand | Director Trustee or director | 0 | $0 |
| Brenden Hexberg | Secretary Trustee or director, Officer | 0 | $0 |
| Barbara McGillvary | Director Trustee or director | 0 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| John Church | Drector Trustee or director | 0 | $0 |
| Nia Evans | Director Trustee or director | 0 | $0 |
| Jerry Price | Director Trustee or director | 0 | $0 |
| Liz McCusker | Chair and Exec Dir Trustee or director | 0 | $0 |
| Tyler McCusker | Founder Trustee or director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 1833 S COAST HWY STE 200, LAGUNA BEACH, CA 92651-3267
- In care of
- % BILLY FRIED
- Signed the 990
- BILLY FRIED, Chairman
- Phone
- (949) 715-4859
- Website
- www.kxfmradio.org
- Return prepared by
- ACCOUNTING AND TAX SOLUTIONS
California records
California keeps its own records of charities and corporations. Search them by EIN 46-0768058 or by the name LAGUNA RADIO INC.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
To run & operate a low power FM radio station to include non-commercial educational information, including a community calendar, local news and weather, beach and surf conditions, training and internships for students, a legal question call show, traffic reports and local sports.
Program accomplishments
- To support the organizations mission. See schedule OExpenses $118,132
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 46-0768058
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2013
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A34)
- Assets (IRS master file)
- $89,620
- Income (IRS master file)
- $173,907
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $173,907 | $139,263 | $89,620 | XML |
| 990 | December 2023 | $187,244 | $356,797 | $202,080 | XML |
| 990 | December 2022 | $349,459 | $453,152 | $394,101 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 46-0768058).
Questions about LAGUNA RADIO INC
- What is the EIN of LAGUNA RADIO INC?
- The employer identification number (EIN) of LAGUNA RADIO INC is 46-0768058.
- Is LAGUNA RADIO INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2013.
- Are donations to LAGUNA RADIO INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LAGUNA RADIO INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LAGUNA RADIO INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LAGUNA RADIO INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who are the officers and directors of LAGUNA RADIO INC?
- The 990 for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
- How much revenue does LAGUNA RADIO INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $173,907, expenses of $139,263 and total assets of $89,620 at year end.
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