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Nonprofiteer
← CROSSTOWN RADIO PARTNERSHIP INC

Form 990 for tax year 2023

Filed by CROSSTOWN RADIO PARTNERSHIP INC.

Totals

Total revenue
$645,363
Total expenses
$618,057
Contributions and grants received
$607,503
Grants paid
$0
Program service revenue
$35,895
Investment income
$1,965
Other revenue
$0
Total assets, end of year
$214,225
Total liabilities, end of year
$1,173
Net assets or fund balances, end of year
$213,052
Program services expenses (Part IX)
$604,902
Management and general expenses
$5,937
Fundraising expenses
$7,218
Program service expenses (Part III)
$604,902

Program services were 97.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $607,503

  • 2a · Program service revenue: UNDERWRITING

    total $22,585 · related or exempt $22,585

  • 2b · Program service revenue: RETAIL SALES

    total $13,310 · related or exempt $13,310

  • 3 · Investment income

    total $1,965 · related or exempt $1,965

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $153,063 · program services $153,063

  • 7 · Other salaries and wages

    total $97,676 · program services $97,676

  • 9 · Other employee benefits

    total $21,287 · program services $21,287

  • 10 · Payroll taxes

    total $20,123 · program services $20,123

  • 11b · Fees: legal

    total $20 · program services $18 · management and general $2

  • 11c · Fees: accounting

    total $18,676 · program services $17,182 · management and general $1,494

  • 11g · Fees: other

    total $122,066 · program services $114,848 · fundraising $7,218

  • 12 · Advertising and promotion

    total $12,276 · program services $12,276

  • 13 · Office expenses

    total $60,184 · program services $56,886 · management and general $3,298

  • 16 · Occupancy

    total $34,632 · program services $34,632

  • 17 · Travel

    total $8,766 · program services $8,766

  • 22 · Depreciation, depletion and amortization

    total $5,632 · program services $5,632

  • 23 · Insurance

    total $12,666 · program services $11,653 · management and general $1,013

  • 24a · Other expenses: DUES AND SUBSCRIPTIONS

    total $11,346 · program services $11,346

  • 24b · Other expenses: RETAIL COSTS

    total $9,962 · program services $9,962

  • 24c · Other expenses: MERCHANT CHARGES

    total $7,690 · program services $7,690

  • 24d · Other expenses: LICENSES AND PERMITS

    total $7,212 · program services $7,212

  • 24e · All other expenses

    total $14,780 · program services $14,650 · management and general $130

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $154,896 · end of year $165,566

  • 8 · Inventories for sale or use

    beginning of year $4,279 · end of year $3,572

  • 10a · Land, buildings and equipment: cost or other basis

    $214,709

  • 10b · Land, buildings and equipment: accumulated depreciation

    $214,041

  • 10c · Land, buildings and equipment, net

    end of year $668

  • 14 · Intangible assets

    beginning of year $27,440 · end of year $25,316

  • 15 · Other assets

    end of year $19,103

  • 17 · Accounts payable and accrued expenses

    beginning of year $869 · end of year $1,173

  • 27 · Net assets without donor restrictions

    beginning of year $185,746 · end of year $213,052

Mission and programs · 2023

Mission

TO ADVANCE EDUCATION IN THE GREATER MEMPHIS AND MID-SOUTH AREA, THROUGH THE OWNERSHIP AND OPERATION OF A NONCOMMERCIAL, NON-SECTARIAN COMMUNITY RADIO STATION, SERVICING THE GREATER MEMPHIS AND MID-SOUTH AREA PRESENTING EDUCATIONAL, CULTURAL, AND PUBLIC INTEREST PROGRAMS UNDER A NON-COMMERCIAL LICENSE FROM THE FEDERAL COMMUNICATIONS COMMISSION, INCLUDING BUT NOT LIMITED TO NEWS PROGRAMMING TO EDUCATE LISTENERS ON MATTERS OF LOCAL CONCERN; CULTURAL PROGRAMMING TO EDUCATE LISTENERS IN THE ARTS FROM ALL ETHNIC AND SOCIOECONOMIC SEGMENTS OF THE COMMUNITY; AND MUSIC PROGRAMMING TO EDUCATE LISTENERS ON THE HISTORY, PRESENT, AND FUTURE OF MUSIC AND MEMPHIS'S PLACE IN THAT HISTORY

  • IN 2023, CROSSTOWN RADIO PARTNERSHIP OPERATED ITS FCC-LICENSED, NONCOMMERCIAL FM RADIO STATION, WYXR. THE STATION BROADCASTS A WIDE RANGE OF MUSICAL, CULTURAL, AND PUBLIC INTEREST PROGRAMMING. THIS INCLUDES TALK PROGRAMS FOCUSING ON HOW FAITH INFORMS OUR PERSPECTIVES AND UNITES PEOPLE FROM VARIOUS BACKGROUNDS, AS WELL AS DEEP MUSICAL DIVES INTO THE FORGOTTEN FIGURES OF MEMPHIS HIP-HOP, PUNK, BLUES, AND JAZZ HISTORY AND THEIR LASTING IMPACT ON THE AMERICAN MUSICAL LANDSCAPE. OUR VOLUNTEER DJ ROSTER HAS EXPANDED TO OVER 100 INDIVIDUALS, EACH CONTRIBUTING TO OUR 24/7 ON-AIR PROGRAMMING. THIS GROWTH HAS ALLOWED US TO OFFER A DIVERSE RANGE OF SHOWS AND PERSPECTIVES, ENRICHING OUR STATION'S CONTENT. IN TERMS OF COMMUNITY ENGAGEMENT, OUR STEREO SESSIONS HAVE BEEN A REGULAR FEATURE FOR THREE YEARS, PROVIDING IN-DEPTH ANALYSIS OF LESSER-KNOWN ARTISTS AND FOSTERING DIALOGUE WITH OUR AUDIENCE. ALONGSIDE THIS, WE HOSTED OUR SECOND RAISED BY SOUND FEST, FEATURING A SOLD-OUT FUNDRAISING SHOW AND A FREE COMMUNITY CONCERT, FURTHERING OUR COMMITMENT TO LOCAL MUSIC AND CULTURE. FUNDRAISING EFFORTS HAVE BEEN ROBUST, WITH SEVERAL PLEDGE DRIVES SURPASSING OUR GOALS THROUGH LISTENER DONATIONS, MEMBERSHIP PLEDGES, AND SPONSORSHIPS FROM LOCAL BUSINESSES.

    Expenses $604,902 · Revenue $35,895

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Mr Robby Grant

    EXECUTIVE DI

    Total calculated
    $153,063
    From this org
    $148,628
    From related orgs
    $0
    Other
    $4,435
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $137,874
    Bonus
    $10,754
    Other
    not reported
    Deferred
    $4,435
    Nontaxable benefits
    not reported
    Filer's total
    $153,063

  • Mr Eric Barnes

    DIRECTOR/TRE

    Total calculated
    $0

  • Courtney Blanchard

    DIRECTOR

    Total calculated
    $0

  • Jeff Cohran

    DIRECTOR

    Total calculated
    $0

  • Dr Ryan Fisher

    DIRECTOR/SEC

    Total calculated
    $0

  • Dr Todd Richardson

    DIRECTOR/CHA

    Total calculated
    $0

  • Mr Casey Shannon

    DIRECTOR

    Total calculated
    $0

  • Isabel Whitaker

    DIRECTOR

    Total calculated
    $0

  • Ms Pat Mitchell Worley

    DIRECTOR/PRE

    Total calculated
    $0

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
27 August 2024
IRS schema version
2023v5.0
Source object
202442419349300714

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