Sunday, May 07, 2006

2004-2005 (WHCB) AECC "Employee Benefits", "Payroll Taxes" Skyrocket Under Rep. Matthew Hill

Way back in 2004, Rep. Matthew Hill frequently cited his experience as the "Appalachain Radio Group operations manager" at WHCB and WPWT et al (and that experience of being a small business coffee shop owner for about six months) within the context of his being able to go down to Nashville as a state representative and help reign in state spending --- I found the following excerpts pretty useful for comparison as the 2005 AECC Form 990 is not due back to the IRS until May 15, 2006:
WHCB 91.5 FM (from the online 2006 AECC newsletter):
Financial Statement (Actual)
January through December 2005
Income
Contributions - $ 785,112
Equipment Sales & Other Income – $ 176,834
TOTAL INCOME - $ 961,946

Expense
Program Expense - $ 68,515
Event Expense - $ 34,171
Salaries & Wages - $ 422,024
Employee Benefits - $ 119,199
Payroll Tax - $ 41,797

and selected totals from "PART II - Statement of Function Expenses" of the AECC 2004 IRS Form 990:
2004 line 25: Compensation of officers, directors, etc. 68,855
2004 line 26: Other salaries and wages 281,789
2004 line 28: Other employee benefits 2,933
2004 line 29: Payroll Taxes 26,818

20055 Salaries & Wages - $ 422,024
minus
2004 line 25: Compensation of officers, directors, etc. 68,855
2004 line 26: Other salaries and wages 281,789
$71,380 increase AECC (WHCB) salaries and wages

2005 Employee Benefits - $ 119,199
minus
2004 line 28: Other employee benefits 2,933
$116,266 increase AECC (WHCB) employee benefits


2005 Payroll Tax - $ 41,797
minus
2004 line 29: Payroll Taxes 26,818
$14,979 increase AECC (WHCB) payroll taxes

I'll just wait for the 2005 AECC (WHCB) Form 990 and compare the figures with the AECC newsletter article...

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