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Nonprofiteer
← CAPITOL BROADCASTING ASSOCIATION INC

Form 990 for tax year 2024

Filed by CAPITOL BROADCASTING ASSOCIATION INC.

Totals

Total revenue
$2,863,307
Total expenses
$3,225,049
Contributions and grants received
$2,273,278
Grants paid
$0
Program service revenue
$337,001
Investment income
$16,789
Other revenue
$236,239
Total assets, end of year
$10,221,203
Total liabilities, end of year
$458,248
Net assets or fund balances, end of year
$9,762,955
Program services expenses (Part IX)
$1,364,004
Management and general expenses
$816,552
Fundraising expenses
$1,044,493
Program service expenses (Part III)
$1,364,004

Program services were 42.3% 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.

  • 1b · Membership dues

    $1,454,002

  • 1d · Related organizations

    $54,612

  • 1e · Government grants (contributions)

    $13,500

  • 1f · All other contributions, gifts and grants

    $751,164

  • 1g · Noncash contributions included above

    $1,963

  • 2a · Program service revenue: UNDERWRITING

    total $337,001 · related or exempt $140,076 · unrelated business $196,925

  • 3 · Investment income

    total $16,900 · excluded $16,900

  • 5 · Royalties

    total $363 · excluded $363

  • 6a · Gross rents

    real property $225,720

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $225,720

  • 6d · Net rental income or loss

    total $225,720 · excluded $225,720

  • 7a · Gross sales of assets other than inventory

    securities $1,852

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

    securities $1,963

  • 7c · Gain or loss

    securities -$111

  • 7d · Net gain or loss

    total -$111 · excluded -$111

  • 8a · Fundraising events: gross income

    $10,156

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $10,156 · excluded $10,156

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $276,613 · program services $20,801 · management and general $222,098 · fundraising $33,714

  • 7 · Other salaries and wages

    total $1,250,265 · program services $670,174 · fundraising $580,091

  • 8 · Pension plan contributions

    total $33,264 · program services $16,812 · management and general $2,971 · fundraising $13,481

  • 9 · Other employee benefits

    total $155,648 · program services $85,618 · fundraising $70,030

  • 10 · Payroll taxes

    total $123,803 · program services $61,289 · management and general $50,174 · fundraising $12,340

  • 11b · Fees: legal

    total $2,735 · management and general $2,735

  • 11c · Fees: accounting

    total $33,796 · management and general $33,796

  • 11g · Fees: other

    total $57,299 · program services $48,101 · management and general $1,754 · fundraising $7,444

  • 12 · Advertising and promotion

    total $37,631 · fundraising $37,631

  • 13 · Office expenses

    total $19,891 · program services $9,411 · management and general $9,992 · fundraising $488

  • 16 · Occupancy

    total $135,006 · program services $54,673 · management and general $80,333

  • 17 · Travel

    total $1,013 · program services $5 · management and general $966 · fundraising $42

  • 19 · Conferences, conventions and meetings

    total $9,239 · program services $502 · management and general $3,204 · fundraising $5,533

  • 20 · Interest

    total $2,673 · management and general $2,673

  • 22 · Depreciation, depletion and amortization

    total $322,404 · program services $11,091 · management and general $311,313

  • 23 · Insurance

    total $33,497 · management and general $33,497

  • 24a · Other expenses: TOWER LEASE, TELECOM &

    total $181,487 · program services $181,487

  • 24b · Other expenses: DONOR CULTIVATION AND P

    total $102,188 · fundraising $102,188

  • 24c · Other expenses: POSTAGE AND PRINTING

    total $89,108 · management and general $664 · fundraising $88,444

  • 24d · Other expenses: COMMISSIONS

    total $75,258 · program services $26,246 · fundraising $49,012

  • 24e · All other expenses

    total $282,231 · program services $177,794 · management and general $60,382 · fundraising $44,055

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $509,804 · end of year $604,041

  • 2 · Savings and temporary cash investments

    beginning of year $488,174 · end of year $141,736

  • 3 · Pledges and grants receivable

    beginning of year $217,638 · end of year $200,356

  • 4 · Accounts receivable

    beginning of year $83,911 · end of year $66,124

  • 9 · Prepaid expenses and deferred charges

    beginning of year $68,068 · end of year $30,970

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

    $9,967,559

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

    $1,234,630

  • 10c · Land, buildings and equipment, net

    beginning of year $8,834,693 · end of year $8,732,929

  • 11 · Investments: publicly traded securities

    beginning of year $66,849 · end of year $154,012

  • 12 · Investments: other securities

    beginning of year $397,572 · end of year $291,035

  • 17 · Accounts payable and accrued expenses

    beginning of year $130,388 · end of year $132,825

  • 19 · Deferred revenue

    beginning of year $46,050 · end of year $22,910

  • 25 · Other liabilities

    beginning of year $409,169 · end of year $302,513

  • 27 · Net assets without donor restrictions

    beginning of year $9,671,737 · end of year $9,284,961

  • 28 · Net assets with donor restrictions

    beginning of year $409,365 · end of year $477,994

Mission and programs · 2024

Mission

CLASSICAL MUSIC INSPIRES AND RESTORES THE HUMAN SPIRIT. KMFA HANDCRAFTS EXCEPTIONAL CLASSICAL MUSIC EXPERIENCES ON-AIR, ONLINE, AND IN COMMUNITY.

  • KMFA IS A RARE, NON-COMMERCIAL, NOT-FOR-PROFIT, INDEPENDENT CLASSICAL MUSIC BROADCASTER ORIGINATING FROM AUSTIN, TEXAS COVERING A 60-MILE RADIUS IN CENTRAL TEXAS AND STREAMING GLOBALLY THROUGH OUR MOBILE APP AND THROUGH OUR WEBSITE AT KMFA.ORG. KMFA BROADCASTS NATIONALLY AND LOCALLY PRODUCED CLASSICAL MUSIC PROGRAMMING TO APPROXIMATELY 100,000 LISTENERS PER WEEK. LOCAL PROGRAMS SUCH AS CLASSICAL AUSTIN SUPPORT AND PROMOTE THE CENTRAL TEXAS ARTS COMMUNITY, WITH INTERVIEWS AND NEWS ABOUT CULTURAL EVENTS. ONE LOCALLY PRODUCED PROGRAM, EARLY MUSIC NOW, IS SYNDICATED TO RADIO AUDIENCES AT OVER 45 RADIO STATIONS AROUND THE COUNTRY. LISTEN LOCAL BROADCASTS FEATURE THE AUSTIN SYMPHONY ORCHESTRA AND AUSTIN OPERA, BRINGING THESE IMPORTANT PERFORMANCES TO COUNTLESS LISTENERS WHO OTHERWISE MIGHT NOT BE ABLE TO ATTEND IN PERSON. IN ADDITION TO OUR TERRESTRIAL FM SIGNAL, MOBILE APP, AND WEBSITE STREAM, KMFA GIVES OUR LISTENERS AND REGION A WIDE RANGE OF ACCESS THROUGH LIVE PERFORMANCES AND OTHER COMMUNITY AND PROMOTIONAL EVENTS IN OUR PERFORMANCE SPACE.

    Expenses $1,364,004 · Revenue $140,076

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • SORIYA ESTES

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • EDWINA CARRINGTON

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • MICHELLE ROSENBLATT

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • ANDREW TEAGLE

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • GRAHAM CUMBERBATCH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • CHARLES BAILEY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • MANDY DEALEY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • CLAUDE DUCLOUX

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • DOUG EICHER

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • DONALD GRANTHAM

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • ZAZ FLOREANI

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • LOU ANN LASHER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • MARK LYON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • CELESTE TAYLOR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • STEVEN MOORE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • RON OLIVEIRA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • DAVID PINCKNEY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • CATHERINE WILDERMUTH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • KEN STEIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • ANNE PETERSON

    DIRECTOR OF FIN & ADMIN-JANUARY 2024

    Total calculated
    $10,890
    From this org
    $9,615
    From related orgs
    $0
    Other
    $1,275
    Hours/week
    40

  • GEORGE PRESTON

    PRESIDENT/CEO

    Total calculated
    $175,262
    From this org
    $157,620
    From related orgs
    $0
    Other
    $17,642
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $157,620
    Bonus
    $0
    Other
    $0
    Deferred
    $8,500
    Nontaxable benefits
    $9,142
    Filer's total
    $175,262

  • REX WHIDDON

    DIRECTOR OF FIN & ADMIN-FEB TO DEC 2024

    Total calculated
    $90,461
    From this org
    $83,705
    From related orgs
    $0
    Other
    $6,756
    Hours/week
    40

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

None.

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
15 November 2025
IRS schema version
2024v5.2
Source object
202513219349305841

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