Add ministry to your portfolio

Montrose Broadcasting Corporation: WPEL / WPGM / WBGM

Rating
Sector:

Radio/ TV Stations

Total
Revenue:

$847,482

Total
Expenses:

$892,128

Net
Assets:

$1,401,670
Email us here to send electronic copies of updated IRS Form 990 and/or Audited Financial Statements. You may also request changes to any of the non-financial content for a given ministry. Please be as specific as possible for any changes.

Profile Contents

Research Analysis
Financial Information

Ministry Pie Chart

Database Avg This Ministry
Program 83.7% 78.4%
General & Admin 12.6% 20.7%
Fundraising 6.8% 4.9%
Savings -4.3% -5.2%


Ministry Pie Chart

Ministry Pie Chart

Age Size Box:

>50
Yr(s)25-50
<25
<$1m$1m-
$5m
>$5m

Summary

The Montrose Broadcasting Corporation ("MBC") owns and operates non-commercial radio stations WPEL-AM/FM in Montrose, Pennsylvania, WPGM-AM/FM in Danville, Pennsylvania, and WBGM (FM) in New Berlin, Pennsylvania. WPEL began broadcasting on May 30, 1953; WPGM was purchased on January 6, 1964, and WBGM commenced operations on September 6, 1996. WPEL-AM broadcasts from 6:00 a.m. until sunset. All of the other stations operate 24 hours a day. WPEL, WPGM and WBGM broadcast Bible teaching programs, evangelistic programs, public affairs programs, beautiful music, light classical music and news.

Contact Information: [ Back to top ]

Mailing Address:P. O. Box 248 9 Locust Street
Montrose, PA
18801-0248
Website: www.wpel.org
Phone:(570) 278-2811, (607) 773-0056
Email:You need to enable javascript to see the email

Organization Details [ Back to top ]

EIN: 231672821
CEO/President: Mr. Larry Souder Tax Deductible: Yes
Chairman: Fiscal Year End: December 31
Board Size: 7 Financial info from: 990
Founder: Mr. W. Douglas Roe Member of ECFA: Yes
Year Founded: 1951 Member of ECFA since: 1989

Purpose [ Back to top ]

    Montrose Broadcasting Corporation ("MBC") is a non-profit organization formed on July 25, 1951 under the "Nonprofit Corporation Law" of the Commonwealth of Pennsylvania approved by the Pennsylvania General Assembly on May 5, 1933. The purpose or purposes of the Corporation as set forth in the Articles of Incorporation are as follows:
  • To teach and instruct in religion, education and other branches of learning by means of radio broadcasting and television;
  • To broadcast, rebroadcast, transmit, retransmit, receive and disseminate religious, educational and public interest programs and selections of music, instruction, news entertainment plays, photographs and pictures by means of radio broadcasting and television or by any other methods or means of transmitting or delivering music, sounds, words, images or pictures;
  • To originate, arrange, provide, buy, sell and distribute with or without compensation, broadcast programs by means of electricity, magnetism or electro-magnetic waves, variations, impulses or otherwise;
  • To contract with and for speakers, musicians, entertainers of every kind and nature...
  • And generally to engage in the installation, operation and maintenance of such radio and television broadcasting stations as may b necessary or proper in effectuating the purposes of the corporation.
    Contributions to MBC are fully deductible to the extent allowed by the law. MBC is a member of the Evangelical Council for Financial Accountability (ECFA).

Mission Statement [ Back to top ]

Need Mission Statement

Program Accomplishments [ Back to top ]

Need Program Accomoplishments info

Statement of Faith [ Back to top ]

This profile needs a statement of faith

History [ Back to top ]

Need History Info

Ministry Needs [ Back to top ]

This organization has not offered MinistryWatch.com with specific needs to be posted on the profile. At such a time that MinistryWatch.com receives a response from the ministry, it will be posted immediately.

Research Analysis

Transparency Grade [ Back to top ]

Transparency Grade of : A
Criteria categoryGradeOther Comments
Timeliness:100
Financial Information:100
Foundational Clarity:
Level of Cooperation:
Click here to compare ministries on transparency and other stats
Click here to learn more about how ministries are graded

MinistryWatch.com 5 Star Financial Efficiency Ratings [ Back to top ]

Ranking CategoryRatingOverall RankRadio/ TV Stations Sector
Overall Efficiency RatingStarStarStar174 of 348    6 of 11
Fund Acquisition DecisionStarStarStar174 of 348      6 of 11
Resource Allocation Decision of 348      3 of 11
Asset Utilization Decision of 348      3 of 11
Learn how the ratings are calculated for this ministry
Learn how ratings are calculated in general -- or here for a longer explanation
Click here to compare ministries

Ministry Statement or Response [ Back to top ]

This organization has not offered MinistryWatch.com with an official statement or response for their profile. This area is meant as a mechanism for the profiled ministry to communicate anything they may choose. It is open ended as to the topic, issues, facts or news to address. It is not negative if there is no official statement as many don’t have anything to add than what is already on the profile. This section is not tied to transparency or to communication in general. Many very open and talkative ministries with us choose not to post an official statement. This section is just an open ended offering to the profiled ministry for anything extra to say as they may choose.

Financial Information:

Financial Ratios[ Back to top ]

Funding RatiosDatabase Average20072006200520042003
Return on FR Efforts10%7%2%0%0%0%
Fundraising Cost Ratio7%5%2%0%0%0%
Contributions Reliance83%69%68%0%0%0%
Fundraising Expense Ratio7%5%2%0%0%0%
Other Revenue Reliance17%31%32%0%0%0%
Operating RatiosDatabase Average20072006200520042003
Program Expense Ratio80%75%92%0%0%0%
Spending Ratio104%105%93%0%0%0%
Program Output Ratio84%78%85%0%0%0%
Savings Ratio-4%-5%7%0%0%0%
Reserve Accumulation Rate4%-3%5%0%0%0%
General & Admin Ratio13%21%6%0%0%0%
Investing RatiosDatabase Average20072006200520042003
Total Asset Turnover2.85x.62x.63x0x0x0x
Degree of L-T Investment3.06x1.1x1.12x0x0x0x
Current Asset Turnover5.43x.69x.7x0x0x0x
Age of Assets10.5yr(s)27.5yr(s)24.1yr(s)0.0yr(s)0.0yr(s)0.0yr(s)
Liquidity RatiosDatabase Average20072006200520042003
Current Ratio3276.63x78.79x89.96x0x0x0x
Current Liabilities Ratio.38x.01x.01x0x0x0x
Liquid Reserve Level4.95x17.2x16.97x0x0x0x
Solvency RatiosDatabase Average20072006200520042003
Liabilities Ratio.3x.02x.02x0x0x0x
Debt Ratio.07x.01x.01x0x0x0x
Reserve Coverage Ratio81%157%157%0%0%0%

Financials[ Back to top ]

Balance Sheet
Assets20072006200520042003
Cash$1,167,563$943,596$778,663$772,876$772,328
Receivables, Inventories & Prepaids$5,000$5,000$5,000$5,000$5,000
Short-Term Investments$122,601$336,306$416,539$424,162$388,144
Total Current Assets$1,295,164$1,284,902$1,200,202$1,202,038$1,165,472
Long-Term Investments$0$0$0$0$0
Fixed Assets$132,944$150,775$165,571$199,640$233,970
Other Long-Term Assets$0$791$0$0$0
Total Long-Term Assets$132,944$151,566$165,571$199,640$233,970
TOTAL ASSETS$1,428,108$1,436,468$1,365,773$1,401,678$1,399,442
Liabilities20072006200520042003
Payables & Accrued Expenses$16,438$14,283$13,422$13,283$12,834
Other Current Liabilities$0$0$0$0$0
Total Current Liabilities$16,438$14,283$13,422$13,283$12,834
Debt$10,000$10,000$10,000$10,000$10,000
Other Long-Term Liabilities$0$0$5,467$5,142$0
Total Long-Term Liabilities$10,000$10,000$15,467$15,142$10,000
TOTAL LIABILITIES$26,438$24,283$28,889$28,425$22,834
Assets20072006200520042003
Unrestricted$1,382,646$1,387,713$1,312,605$1,348,602$1,355,060
Temporarily Restricted$3,964$3,213$2,930$2,017$1,290
Permanently Restricted$15,060$21,259$21,349$22,634$20,258
NET ASSETS$1,401,670$1,412,185$1,336,884$1,373,253$1,376,608
Revenue and Expenses
Revenue20072006200520042003
Total Contributions$584,673$655,900$562,756$534,911$527,877
Program Service Revenue$242,062$244,202$248,029$250,612$242,946
Membership Dues$0$0$0$0$0
Investment Income$19,659$66,489$29,799$38,056$42,447
Other Revenue$1,088$292$0$0$0
Total Other Revenue$262,809$310,983$277,828$288,668$285,393
TOTAL REVENUE$847,482$966,883$840,584$823,579$813,270
Expenses20072006200520042003
Program Services$664,692$826,400$807,639$779,311$779,792
Management & General$185,482$56,379$55,369$56,751$47,862
Fundraising$41,954$15,848$18,894$22,715$24,802
TOTAL EXPENSES$892,128$898,627$881,902$858,777$852,456
Change in Net Assets20072006200520042003
SURPLUS (DEFICIT)($44,646)$68,256($41,318)($35,198)($39,186)
Other Changes in Net Assets$34,131$7,045$4,949$31,843$65,752
TOTAL CHANGE IN NET ASSETS($10,515)$75,301($36,369)($3,355)$26,566