Las Vegas Public Radio Inc

EIN: 454388579 501(c)(3) Arts, Culture & Humanities

Las Vegas, NV

Total Revenue
$2,516
Total Expenses
$2,678
Total Assets
$1,400,073
Net Assets
$489,083
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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
NV
Principal Officer
Gregory P LaPorta
Phone
7024254088
Tax Period
2023-01-01 to 2023-12-31

Las Vegas Public Radio Inc, founded in 2012, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $3K in total revenue in fiscal year 2023. Revenue fell 86% from the prior year — a significant decline worth monitoring. Net assets of $489K represent 2333 months of operating reserves.

Mission

Restoring and resetting our Travel & Tourism station on KIOF 90.1 FM at 48,000 Watts in 2024. This restoration and going back to the organization's roots prior to COVID-19 using what worked with KIOF-LP 97.9 FM in the market as a jobs creator in southern Nevada is the key during this restoration from transitions of KIOF-LP 97.9 FM/KVGK-LP 97.9 FM and KQQY 90.1 FM/KJPT 90.1 FM at FCC Facility ID 190166 in North Las Vegas, Nevada continuing as of December 31, 2023.

Program Service Accomplishments

Program 1
Expenses: $2,678

Re-defining public radio by taking KIOF-LP 97.9 FM off the air on September 4, 2022 and placing it into a Temporary Application for Provisional Commercial Uses TAPCU project at the Federal...

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Re-defining public radio by taking KIOF-LP 97.9 FM off the air on September 4, 2022 and placing it into a Temporary Application for Provisional Commercial Uses TAPCU project at the Federal Communications Commission (FCC) starting on December 15, 2022 shortly after the Las Vegas Public Radio Vice President passed away, a wrongful death that many suspect over KIOF-LP 97.9 FM. This is due to a failed regulatory system that works for select organizations built on layers of socialism and communism since 1967 identified on American soil as seen on Pages 201 and 202 of the Telecommunications Act of 1934 in the following section: SEC. 393. 47 U.S.C. 393 CRITERIA FOR APPROVAL AND EXPENDITURES BY SECRETARY OF COMMERCE. c Of the sums appropriated pursuant to section 391 for any fiscal year, a substantial amount shall be available for the expansion and development of noncommercial radio broadcast station facilities. On May 12, 2023, the FCC issued the nation's very first Low Power FM commercial license/permit under KVGK-LP 97.9 FM at FCC Facility ID 190166 by apparently waivering and overriding several federal statutes and federal laws dating back to 1934 using KVGK-LP 97.9 FM as a model station in conjunction with Portsonic Communications, LLC (Nevada), a private commercial company working on Low Power FM commercial research and development to get a better idea of how a service fork would look. The FCC also acknowledged this with the 118th Congress on August 1, 2023. The KVGK-LP 97.9 FM commercial license/permit had been good for 6 months and expired on November 12, 2023 although a 3 month Silent STA extension had been filed with the FCC by Portsonic Communications, LLC (Nevada), the private company working on the research and development with the project to look further at processes on what would be needed to fit in a Low Power FM commercial service with federalism. All of this was reported and documented on FCC DA 24-252 to Portsonic Communications, LLC (Nevada) and is publically accessible. There are still pending matters with the FCC CDBS to FCC LMS system conversions for radio by December 31, 2023 that Portsonic Communications, LLC (Nevada) was impacted by during it's research and development and had begun to remedy in 2024 through legal means relating to broken FCC Modification of Broadcast License processes both Las Vegas Public Radio and Portsonic Communications, LLC (Nevada) experienced in May 2023 with KVGK-LP 97.9 FM at FCC Facility ID 190166 during transition of Emergency Alert System (EAS) work for Las Vegas Public Radio's larger 48,000 Watt FM station.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,516
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $2,516

Expense Breakdown

Grants Paid $0
Salaries & Benefits $8
Fundraising Expenses $0
Program Expenses $2,678
Other Expenses $2,670
TOTAL EXPENSES $2,678

Year-over-Year Comparison

2023 2022 Change
Revenue $2,516 $17,657 -0.9%
Expenses $2,678 $24,704 -0.9%
Net Income $-162 $-7,047 -1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
4
Independent Members
N/A
Employees
4
Volunteers
19

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$16
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Gregory P LaPorta President & CEO 40.00
Officer
$2 $0 $4
Sal Tuzzolino COO 40.00
Officer
$2 $0 $4
Joanne M LaPorta Treasurer 40.00
Officer
$2 $0 $4
Hung Mui A Chim Secretary 40.00
Officer
$2 $0 $4
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2023 $2,516 $2,678 $1,400,073 $-162
2022 $17,657 $24,704 $1,400,235 $-7,047
2021 $97,245 $187,176 $1,416,616 $-89,931
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