2024-10-17T15:52:24-05:00 2023-12-31 450473857 Crouch Joslyn Group PLLC 4505 Country Club Rd Ste 100 WinstonSalem NC 27104 990 2023-01-01 582003177 Triad Family Network Inc TRIA 3367771008 1249 Trade Street WinstonSalem NC 271011550 Philip T Watson President 3367771008 2024-10-17 1 0 Donald S Kinney P00008748 3367688000 2023 2024-10-15 13:58:12Z WBFJ-FM Philip T Watson 1249 Trade Street WinstonSalem NC 271011550 735523 0 X wbfj.fm X 1991 NC Religious and Educational Broadcasting 6 4 10 0 0 0 497994 521622 157711 178709 78851 19890 10900 15302 745456 735523 0 0 0 0 276633 299979 0 0 3892 430925 459187 707558 759166 37898 -23643 892978 869638 4634 4937 888344 864701 Religious and Educational Broadcasting 0 0 492533 Religious and Educational Broadcasting to Listeners in the Piedmont Triad Area of North Carolina 492533 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 16 0 10 1 0 0 0 0 0 0 0 0 0 0 X 6 4 1 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 0 0 1 0 NC X Philip T Watson 3367771008 1249 Trade Street Winston Salem NC 27101 Philip T Watson President 30.00 X X 0 0 28500 Donald C Shipton Vice President 0.00 X X 0 0 0 Barbara Watson Secretary 0.00 X X 0 0 0 Donald S Kinney Treasurer 0.00 X X 0 0 0 John M Hill Trustee 27.00 X 32079 0 0 Holly W Potter Trustee 0.00 X 0 0 0 32079 0 28500 0 0 0 0 0 521622 521622 On Air Acknowledgement 516100 66804 66804 AM Underwriting Income 516100 48405 48405 Program Underwriting 516100 42550 42550 Underwriting Income 516100 19275 19275 Miscellaneous income 516100 1580 1580 95 95 178709 19890 19890 10850 0 10850 10850 10850 Reimbursed Expenses 900099 2677 2677 Sales Tax Refund from 900099 1775 1775 4452 735523 194011 0 19890 X 32079 32079 239592 239592 7403 7403 20905 20905 15 15 16809 16809 6080 2188 3892 211 211 20972 20972 19698 19698 Office overhead 90000 90000 Trade discount 45227 45227 Rent - Towers 44661 44661 Ministers Housing Allow 28500 28500 187014 88000 99014 759166 492533 262741 3892 40810 59088 686610 621340 557225 368015 165558 189210 892978 869638 4634 4937 4634 4937 X 888344 864701 888344 864701 892978 869638 -23643 0 X 0 0 0 X 691489 568783 702576 730579 704783 3398210 691489 568783 702576 730579 704783 3398210 8000 8000 8000 25000 20000 69000 52676 38800 12010 2545 2645 108676 60676 46800 20010 27545 22645 177676 3220534 23731 27661 23450 14877 30740 120459 23731 27661 23450 14877 30740 120459 715220 596444 726026 745456 735523 3518669 0.91530 0.91580 0.03420 0.03200 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 31540 31540 30597 20047 10550 296231 254109 42122 198857 93859 104998 189210 Credit Card payable 4937 4937 Phil and Jean Watson Officers 38061 Tower and building rent, other services 0 Resource Management of NC Business owned by Phil Watson 90000 Personnel and other services 0 01. Supplemntal Information for Schedule L Part IV - Interested PersonsResource Management of Winston Salem LLC, Phil Watson Sole Member, provides resource support at a lower cost than if Triad Family Network had to contract separately for these needed items. The support includes human resource services, administrative support, accounting services, and the use of radio facilities and tower. These costs are reviewed at least once a year by management or more often if there are changes in personnel and activity. Form 990, Part VI, Section A, line 2 Resource Management of Winston Salem LLC, Phil Watson sole member, provides resource support at a lower cost than if Triad Family Network had to contract separately for these needed services. The support includes human resource services, administrative support, accounting services, and the use of radio facilities and tower. These costs are reviewed at least once a year by management or more often if there are changes in personnel and activity. Form 990, Part VI, Section B, line 11b Officers review Form 990 prior to filing. Form 990, Part VI, Section B, line 15b Annually, a compensation committee meets that is made up of three board members and one employee of the radio station. The committee discusses salaries for all employees including board member/employees. Any board member/employee on the committee excludes themselves from the deliberations and voting on their own compensation. Philip T Watson, an ordained minister, receives a housing allowance. Form 990, Part VI, Section C, line 18 Governing documents and Forms 990 returns are available upon request. Form 990 is also available online at Guidestar.org. Form 990, Part VI, Section C, line 19 Governing documents and Form 990 are available upon request. Form 990, Part IX, line 24e Utilities: Program service expenses 0. Management and general expenses 26,233. Fundraising expenses 0. Total expenses 26,233. Contract services: Program service expenses 0. Management and general expenses 25,994. Fundraising expenses 0. Total expenses 25,994. Rent - Building: Program service expenses 18,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 18,000. Contributions - Other Charity: Program service expenses 0. Management and general expenses 14,836. Fundraising expenses 0. Total expenses 14,836. Equipment expense: Program service expenses 12,455. Management and general expenses 0. Fundraising expenses 0. Total expenses 12,455. Office Supplies: Program service expenses 8,953. Management and general expenses 0. Fundraising expenses 0. Total expenses 8,953. Meals: Program service expenses 0. Management and general expenses 7,869. Fundraising expenses 0. Total expenses 7,869. Taxes - other: Program service expenses 7,858. Management and general expenses 0. Fundraising expenses 0. Total expenses 7,858. Postage: Program service expenses 0. Management and general expenses 7,277. Fundraising expenses 0. Total expenses 7,277. Contract Labor: Program service expenses 0. Management and general expenses 7,216. Fundraising expenses 0. Total expenses 7,216. Day of celebration: Program service expenses 6,714. Management and general expenses 0. Fundraising expenses 0. Total expenses 6,714. Rent - Vehicle: Program service expenses 6,604. Management and general expenses 0. Fundraising expenses 0. Total expenses 6,604. Restricted Expenses: Program service expenses 5,606. Management and general expenses 0. Fundraising expenses 0. Total expenses 5,606. Music license: Program service expenses 4,313. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,313. Auto: Program service expenses 3,912. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,912. Production: Program service expenses 3,499. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,499. Dues and subscriptions: Program service expenses 3,044. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,044. Concert Expense: Program service expenses 3,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,000. Payroll outsourcing: Program service expenses 0. Management and general expenses 2,289. Fundraising expenses 0. Total expenses 2,289. Research: Program service expenses 2,200. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,200. Merchant account fees: Program service expenses 0. Management and general expenses 2,051. Fundraising expenses 0. Total expenses 2,051. Professional gifts: Program service expenses 0. Management and general expenses 1,800. Fundraising expenses 0. Total expenses 1,800. Bank charges: Program service expenses 0. Management and general expenses 1,623. Fundraising expenses 0. Total expenses 1,623. Repairs: Program service expenses 0. Management and general expenses 1,424. Fundraising expenses 0. Total expenses 1,424. Miscellaneous: Program service expenses 1,111. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,111. Rent - Office Equipment: Program service expenses 0. Management and general expenses 395. Fundraising expenses 0. Total expenses 395. Equipment rental: Program service expenses 383. Management and general expenses 0. Fundraising expenses 0. Total expenses 383. Software Expense: Program service expenses 240. Management and general expenses 0. Fundraising expenses 0. Total expenses 240. Continuing education: Program service expenses 100. Management and general expenses 0. Fundraising expenses 0. Total expenses 100. Licenses and permits: Program service expenses 57. Management and general expenses 0. Fundraising expenses 0. Total expenses 57. Finance Charge: Program service expenses 0. Management and general expenses 7. Fundraising expenses 0. Total expenses