Form 990 for tax year 2025

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $15,739

• 1e · Government grants (contributions)

  $551,315

• 1f · All other contributions, gifts and grants

  $16,391,245

• 1g · Noncash contributions included above

  $602,956

• 2a · Program service revenue: PROGRAM EVENTS

  total $22,422 · related or exempt $22,422

• 3 · Investment income

  total $185,511 · excluded $185,511

• 5 · Royalties

  total $1,068,055 · excluded $1,068,055

• 6a · Gross rents

  real property $100,396

• 6b · Less rental expenses

  real property $20,738

• 6c · Rental income or loss

  real property $79,658

• 6d · Net rental income or loss

  total $79,658 · unrelated business $36,763 · excluded $42,895

• 7a · Gross sales of assets other than inventory

  securities $5,869,539 · other assets $104

• 7b · Less cost or other basis and sales expenses

  securities $5,577,029 · other assets $0

• 7c · Gain or loss

  securities $292,510 · other assets $104

• 7d · Net gain or loss

  total $292,614 · excluded $292,614

• 8a · Fundraising events: gross income

  $5,861

• 8a · Fundraising events: contributions included on line 1c

  $15,739

• 8b · Fundraising events: direct expenses

  $6,801

• 8c · Net income from fundraising events

  total -$940 · excluded -$940

• 9a · Gaming: gross income

  $99,790

• 9b · Gaming: direct expenses

  $300

• 9c · Net income from gaming

  total $99,490 · excluded $99,490

• 10a · Gross sales of inventory

  $46,863

• 10b · Cost of goods sold

  $18,697

• 10c · Net income from sales of inventory

  total $28,166 · related or exempt $28,166

• 11a · Other revenue: YOUTUBE KEXP MEMBERSHI

  total $6,895 · excluded $6,895

• 11b · Other revenue: KEXP DJ TEACHING FEES

  total $1,350 · excluded $1,350

• 11c · Other revenue: YOUTUBE TEESPRING

  total $970 · excluded $970

• 11d · All other revenue

  total $66 · excluded $66

• 11e · Other revenue, total

  $9,281

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $2,400,293 · program services $1,535,988 · management and general $297,934 · fundraising $566,371

• 7 · Other salaries and wages

  total $7,980,855 · program services $5,475,588 · management and general $639,016 · fundraising $1,866,251

• 8 · Pension plan contributions

  total $448,465 · program services $290,354 · management and general $43,194 · fundraising $114,917

• 9 · Other employee benefits

  total $1,294,656 · program services $873,850 · management and general $98,179 · fundraising $322,627

• 10 · Payroll taxes

  total $803,356 · program services $545,881 · management and general $71,162 · fundraising $186,313

• 11b · Fees: legal

  total $197,934 · program services $177,484 · management and general $12,942 · fundraising $7,508

• 11c · Fees: accounting

  total $71,487 · management and general $71,487

• 11f · Fees: investment management

  total $44,872 · management and general $44,872

• 11g · Fees: other

  total $1,506,451 · program services $910,650 · management and general $23,819 · fundraising $571,982

• 12 · Advertising and promotion

  total $420,134 · program services $358,806 · management and general $311 · fundraising $61,017

• 13 · Office expenses

  total $491,609 · program services $161,752 · management and general $9,060 · fundraising $320,797

• 14 · Information technology

  total $1,364,597 · program services $1,074,860 · management and general $148,965 · fundraising $140,772

• 16 · Occupancy

  total $723,053 · program services $557,436 · management and general $37,444 · fundraising $128,173

• 17 · Travel

  total $211,275 · program services $140,865 · management and general $7,086 · fundraising $63,324

• 22 · Depreciation, depletion and amortization

  total $1,294,135 · program services $978,981 · management and general $71,253 · fundraising $243,901

• 23 · Insurance

  total $68,188 · program services $48,225 · management and general $4,513 · fundraising $15,450

• 24a · Other expenses: DONOR PREMIUMS

  total $567,768 · fundraising $567,768

• 24b · Other expenses: PERFORMANCE AND EVENTS

  total $410,652 · program services $375,377 · management and general $1,004 · fundraising $34,271

• 24c · Other expenses: VEHICLE DONATION

  total $142,712 · fundraising $142,712

• 24d · Other expenses: UBI TAXES

  total $5,170 · management and general $5,170

• 24e · All other expenses

  total $219,376 · program services $79,516 · management and general $61,375 · fundraising $78,485

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $851,926 · end of year $1,420,619

• 2 · Savings and temporary cash investments

  beginning of year $84,509 · end of year $284,304

• 3 · Pledges and grants receivable

  beginning of year $541,789 · end of year $1,037,818

• 4 · Accounts receivable

  beginning of year $1,075,548 · end of year $907,250

• 8 · Inventories for sale or use

  beginning of year $22,563 · end of year $36,186

• 9 · Prepaid expenses and deferred charges

  beginning of year $158,272 · end of year $123,958

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

  $14,627,317

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

  $13,173,871

• 10c · Land, buildings and equipment, net

  beginning of year $2,339,219 · end of year $1,453,446

• 11 · Investments: publicly traded securities

  beginning of year $8,378,006 · end of year $6,982,537

• 14 · Intangible assets

  beginning of year $7,635,487 · end of year $7,635,487

• 15 · Other assets

  beginning of year $10,060,986 · end of year $9,561,166

• 17 · Accounts payable and accrued expenses

  beginning of year $1,486,461 · end of year $1,545,443

• 19 · Deferred revenue

  beginning of year $252,624 · end of year $41,390

• 24 · Unsecured notes and loans payable

  end of year $199,574

• 25 · Other liabilities

  beginning of year $10,398,167 · end of year $9,987,588

• 27 · Net assets without donor restrictions

  beginning of year $18,153,904 · end of year $16,350,837

• 28 · Net assets with donor restrictions

  beginning of year $857,149 · end of year $1,317,939

The filer's explanations (Part III)

PART I, LINE 4A

REBECCA DENK RECEIVED A SEVERANCE PAYMENT OF $6,785.34 AND AN ADDITIONAL $2,000 PAYMENT FOR LEGAL FEES PER THE SEPARATION AGREEMENT IN 2025.

PART I, LINE 6

THE BUSINESS SUPPORT TEAM SOLICITS SPONSORSHIPS AND UNDERWRITING CONTRIBUTIONS FROM LOCAL AND NATIONAL BUSINESSES IN SUPPORT OF KEXP'S RADIO BROADCAST/SHOWS, STREAMING SERVICE, LIVE IN STUDIO CONCERTS AND EVENTS, PODCASTS AND KEXP.ORG WEBSITE. THE BUSINESS SUPPORT TEAM IS PAID A BASE SALARY PLUS COMMISSION ON SPONSORSHIP AND UNDERWRITING CONTRACTS SECURED.