Nonprofit · EIN 58-2003177
TRIAD FAMILY NETWORK INC
Tax-exempt · WINSTON SALEM, NC 27101
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $675,772 | $783,934 | -$108,162 | $762,177 | $5,638 | $756,539 |
| December 31, 2023 | 990 | $735,523 | $759,166 | -$23,643 | $869,638 | $4,937 | $864,701 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $444,341
- Program service revenue
- $191,454
- Investment income
- $27,135
- Net rental income
- $7,050
- Net gain from sales of assets
- -$174
- Other revenue
- $12,842
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $26,215
- Other salaries and wages
- $257,005
- Salaries, compensation and benefits (total)
- $305,014
- Professional fundraising fees
- $0
- Accounting fees
- $22
- Travel
- $344
- Depreciation
- $20,991
- Program services (functional)
- $677,676
- Management and general (functional)
- $94,582
- Fundraising (functional)
- $11,676
Balance sheet and other
- Total assets, start of year
- $869,638
- Total assets, end of year
- $762,177
- Total liabilities, end of year
- $5,638
- Net assets, end of year
- $756,539
- Land, buildings and equipment
- $168,045
- Net assets without donor restrictions
- $756,539
- Gross receipts
- $675,946
- Employees
- 11
- Volunteers
- 0
- Year formed
- 1991
- State of legal domicile
- NC
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 | Other / benefits |
|---|---|---|---|---|
| Philip T Watson | President Trustee or director, Officer | 30 | $0 | $36,000 |
| John M Hill | Trustee Trustee or director | 27 | $26,215 | $0 |
| Donald C Shipton | Vice President Trustee or director, Officer | 0 | $0 | $0 |
| Barbara Watson | Secretary Trustee or director, Officer | 0 | $0 | $0 |
| Donald S Kinney | Treasurer Trustee or director, Officer | 0 | $0 | $0 |
| Holly W Potter | Trustee Trustee or director | 0 | $0 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| John M Hill | Trustee Trustee or director | 27 | $32,079 | $0 |
| Philip T Watson | President Trustee or director, Officer | 30 | $0 | $28,500 |
| Donald C Shipton | Vice President Trustee or director, Officer | 0 | $0 | $0 |
| Barbara Watson | Secretary Trustee or director, Officer | 0 | $0 | $0 |
| Donald S Kinney | Treasurer Trustee or director, Officer | 0 | $0 | $0 |
| Holly W Potter | Trustee Trustee or director | 0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1249 N TRADE ST, WINSTON SALEM, NC 27101-1550
- Principal officer (990 for 2024)
- Philip T Watson, 1249 Trade Street, WinstonSalem, NC 271011550
- Signed the 990
- Philip T Watson, President
- Phone
- (336) 777-1008
- Website
- wbfj.fm
- Return prepared by
- Crouch Joslyn Group PLLC
Mission
Religious and Educational Broadcasting
Program accomplishments
- Religious and Educational Broadcasting to Listeners in the Piedmont Triad Area of North CarolinaExpenses $677,676
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
- 58-2003177
- 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
- 1992
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Religion-related (X21Z)
- Assets (IRS master file)
- $762,177
- Income (IRS master file)
- $675,946
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $675,772 | $783,934 | $762,177 | XML |
| 990 | December 2023 | $735,523 | $759,166 | $869,638 | XML |
| 990 | December 2022 | $745,456 | $707,558 | $892,978 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 58-2003177).
Questions about TRIAD FAMILY NETWORK INC
- What is the EIN of TRIAD FAMILY NETWORK INC?
- The employer identification number (EIN) of TRIAD FAMILY NETWORK INC is 58-2003177.
- Is TRIAD FAMILY NETWORK INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1992.
- Are donations to TRIAD FAMILY NETWORK INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does TRIAD FAMILY NETWORK 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 TRIAD FAMILY NETWORK 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 TRIAD FAMILY NETWORK INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of TRIAD FAMILY NETWORK INC?
- The 990 for the year ended December 31, 2024 names Philip T Watson.
- Who are the officers and directors of TRIAD FAMILY NETWORK INC?
- The 990 for the year ended December 31, 2024 lists 6 people; 1 received compensation from the organization.
- How much revenue does TRIAD FAMILY NETWORK INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $675,772, expenses of $783,934 and total assets of $762,177 at year end.
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