Annual Report

Annual Report

God Bless 2019 FINANCIAL REPORT (in thousands) 2019 NETWORK SHOW HOSTS Relevant Radio®! REVENUE Audited I was away from the Church for many years. I saw Contributions: $25,666 a Relevant Radio bumper sticker and tuned in. I heard Drew saying the Divine Mercy Chaplet and On Air Advertising & Miscellaneous: $5,209 Bringing Christ to the world I was like, “why is he repeating this prayer over Total Revenue: $30,875 and over” – I turned it off. But I was intrigued and through the media curious so I turned it back on. Months later, John Harper Rev. Francis Hoffman, Glen Lewerenz Patrick Madrid I returned to the Church and lead EXPENSES Morning Air® “Fr. Rocky” Glen’s Story Corner The Patrick Madrid Fr. Rocky’s Teaching Minutes Show Divine Mercy prayers myself! Now I have Programming: $16,733 a bumper sticker on my car to get the message out. Management & General: $1,109 Thank you for what you do. – Mark, Bellingham MA Fundraising: $1,981 Total Expenses: $19,823 Thank you from the bottom of my heart for all Net Income: $11,052 the wonderful programs that feed our mind and soul with such positive messages! Drew Mariani John Morales Karen Moran Chuck Neff BALANCE SHEET FINANCIALS The Drew Relevant Radio En Vivo Family Rosary The Inner Life® I don’t know what I would do without Mariani ShowTM with John Morales Across America® Relevant Radio. It gives me so much Total Assets: $100,083 comfort in the knowledge that I’m not alone. Total Liabilities: $22,700 2019 BOARD OF DIRECTORS God Bless you! – Lillian, Breezy Point NY Total Net Assets: $77,383 • Robert Atwell, Green Bay, WI • Steven Burke, Chanhassen, MN • Joseph Cavanagh, Jr., Providence, RI I have raised 4 girls over the years while listening 2019 Financial Highlights • John Feltl, Minneapolis, MN to Relevant Radio and now have a grandson and • Surpassed $100 million in total financial assets. Ashley Noronha Fr. Richard • The Most Rev. José H. Gómez, another granddaughter on the way to join us. Thank • Acquired 32 new stations and translators in many new markets Rome Simon Archbishop of Los Angeles you for your show and this station. I love the Divine TM such as Washington DC, Atlanta, Boston, Dallas, Denver, Correspondent Father Simon Says Mercy Chaplet also and it is indeed so wonderful • The Most Rev. Bernard A. Hebda, Houston, Miami and Tampa. Archbishop of Saint Paul-Minneapolis and powerful. I love this “Radio Family” Fr. Dave Heney Chicago, IL, May God Bless you and all of the staff • Grew active donors 14% to over 57,000. Family Rosary Across America® • Rev. Francis J. Hoffman, we have. Executive Director/CEO TESTIMONIALS at Relevant Radio. – Jeannie, Bloomington MN Year over Year Year over Year Revenue Growth Expense Reduction Sheila Liaugminas • Julie Kraemer, Chicago, IL TM 35 25 A Closer Look • Bruce Lachenauer, Dallas, TX +19% 30 -13% • Neal McNamara, Chicago, IL I’ve only been listening to your station about a 20 Fr. Matthew Spencer 25 St. Joseph’s Workshop • The Most Rev. David L. Ricken, year. I love the talks, prayers and the 15 20 Bishop of Green Bay , especially peace that you bring to me 15 when driving. I have learned so much! 10 Msgr. Stuart Swetland • Robert Riordan, Green Bay, WI 10 Go Ask Your FatherTM – Kathleen, Saunderstown RI 5 • Pam Swartzberg, New York, NY 5 Wendy Wiese • Patricia Von Dohlen, Austin, TX 2018 2019 2018 2019 Network News Director • Thomas Vorpahl, Green Bay, WI, Chairman of the Board During my career transition, I have found a 2019 Stewardship Breakdown .06¢ 2019 greater depth in my faith and thank you for Thank you to all our show hosts your role in that. During this challenging time, I For every $1 Relevant Radio® receives... for their dedicated time, talent L continue to listen to you and Relevant Radio daily. Just six cents and service to the Relevant NUA Radio mission – Bringing Christ AN I appreciate all you do. My prayers are with you, is spent on T your immediate family and the Relevant Radio to the world through the media. EPOR family. God bless you! – Jim, App Listener fundraising. R P.O. Box 10707 Green Bay, WI 54307-0707 • Prayer Line: 888-577-5443 • Donor/Listener Line: 877-291-0123 For more information, check out our website at www.relevantradio.com and FREE mobile app! MESSAGE FROM THE EXECUTIVE DIRECTOR/CEO Message from the Executive Director/CEO 13 More Stations – 220,000,000 Souls The City of Angels Hosts On August 15, Relevant Radio announced the intention Christ Brings Hope Award to purchase nine AM stations and four FM translators Dear Relevant Radio Family, Relevant Radio listeners from Salem Media Group in eight markets: Boston, gathered together in Los Atlanta, Houston, Dallas, San Antonio, St. Louis, Denver, I think the year 2019 will go down as one of the biggest years in Relevant Angeles to honor Archbishop and Youngstown. The acquisition powers us to reach Radio® history! March for Life, José H. Gómez with the Christ 220,000,000 listeners in the United States! Coast to Coast Brings Hope Award on May 30. One of the first things we did in 2019 is refresh our mission statement. If you Relevant Radio® again proudly sponsored and broadcast the March for Advent Inspirations Help can’t remember your mission statement, you don’t know what your mission Life across the country. Live coverage Thousands Participate in October Flips the Switch! All of Us Grow is, so we made it simple and easy to remember: “Bringing Christ to the world Relevant Radio® began from the nation’s capitol included the The Walk to Mary This December we provided through the media.” broadcasting on several truth in the Covington Catholic Boys On May 4th, families honored our a great service to our new owned and operated story as Nick Sandmann courageously Record Attendance Again At Blessed Mother by leading their listeners. Fr. Rocky’s short We also did a listener survey last year, and 20% of those who responded stations across the country. showed what it means to be a Christ Brings Hope Benefit children on the 21-mile walk to the California Listeners Take Action audio Advent Inspirations claimed that Relevant Radio inspired them to return to Sunday Mass. We are Atlanta, GA – 1190 AM Christian. Banquet in Twin Cities, MN Shrine of Our Lady of Good Help. The Archdiocese of Los Angeles thanked reached thousands of email helping Catholics return to the practice of their faith, and this is very, very Another great turnout in the Twin Once again Relevant Radio was the Relevant Radio for saving Confession in Boston, MA – 1150 AM inboxes each day – building Dallas, TX – 1440 AM encouraging news! Cities as over 1,000 guests attended media sponsor for the Walk. California. Listeners flooded lawmakers with our community and giving Impacting Countless Lives San Antonio, TX – 1160 AM the 8th Annual Christ Brings calls and emails convincing them to pull them a way to enter into the Our presence was felt by 17,000 young Miami, FL – 880 AM, 1080 AM, 97.7 FM Later in the year on August 15, Feast of the Assumption, we founded Relevant Hope Benefit Banquet honoring the bill that would have broken the seal of season and prepare for the adults as we sponsored the Premier Tampa, FL – 760 AM, 1380 AM, 104.3 FM Radio en Espanol®, officially going on the air with its flagship show Relevant Podcast at the FOCUS SEEK 2019 Archbishop Bernard A. Hebda, on Confession – never even coming up for a vote! birth of Christ. Jacksonville, FL – 1460 AM, 1600 AM Radio En Vivo with John Morales. We are looking to further expand this Conference in Indianapolis. Then April 26th. Northern Michigan – 88.9 FM in Alpena, 91.3 FM in Pledge Drive Exceeds Need! year with the launch of more shows and stations broadcasting powerful on January 18, we rallied over 6,000 East Tawas, 1230 AM in Grayling, 92.1 FM in Gaylord, Reaching a New Audience programming for our Hispanic brothers and sisters in the faith. people from around the nation and On August 15, we proudly launched a 90.9 FM in Harbor Springs, 940 AM in St. Ignace, 88.3 the world to join us for the #FastforLife wonderful new asset – Relevant Radio en FM in Traverse City $2.37M And to round out this amazing year, we grew yet again! And boy did we movement for an end to abortion. Español® with the flagship show Relevant Record 11,263 Radio En Vivo with John Morales. donors grow, 1,000% in 8 years! Because of your prayers and support, we were able to purchase 13 stations in the top 25 markets beginning with Washington D.C., and now we have a radio presence in all major U.S. metropolitan areas. JANUARY FEBRUARY MARCH APRIL MAY JUNE JULY AUGUST SEPTEMBER OCTOBER NOVEMBER DECEMBER Plus, we acquired more stations in October, and now we reach more than 220,000,000 souls in the USA. That’s two-thirds of the entire nation! We’ve been given a huge blessing – and responsibility – to have a tremendous and Renewed Hope to positive impact on society. Welcome to Lenten Lessons So Much to Be Thankful For During Lent, over 17 thousand 7 Million Relevant Radio Leads the Way November welcomed stations in At the 2019 Catholic Media Conference, four new markets helping us achieve Be sure to check out the timeline for all the major highlights from 2019. We listeners signed up to receive New Listeners! Blessed by the Prelate Fr.

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