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Nonprofiteer
← FRIENDS OF KEXP

Form 990 for tax year 2022

Filed by FRIENDS OF KEXP.

Totals

Total revenue
$13,872,717
Total expenses
$15,436,168
Contributions and grants received
$12,810,073
Grants paid
$0
Program service revenue
$100,000
Investment income
$46,251
Other revenue
$916,393
Total assets, end of year
$35,330,554
Total liabilities, end of year
$12,522,312
Net assets or fund balances, end of year
$22,808,242
Program services expenses (Part IX)
$10,575,521
Management and general expenses
$1,396,840
Fundraising expenses
$3,463,807
Program service expenses (Part III)
$10,575,521

Program services were 68.5% 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.

  • 1e · Government grants (contributions)

    $725,999

  • 1f · All other contributions, gifts and grants

    $12,084,074

  • 1g · Noncash contributions included above

    $130,665

  • 2a · Program service revenue: PROGRAM EVENTS

    total $100,000 · related or exempt $100,000

  • 3 · Investment income

    total $283,828 · excluded $283,828

  • 5 · Royalties

    total $704,152 · excluded $704,152

  • 6a · Gross rents

    real property $55,087

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $55,087

  • 6d · Net rental income or loss

    total $55,087 · unrelated business $15,251 · excluded $39,836

  • 7a · Gross sales of assets other than inventory

    securities $2,879,853

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

    securities $3,117,430

  • 7c · Gain or loss

    securities -$237,577

  • 7d · Net gain or loss

    total -$237,577 · excluded -$237,577

  • 9a · Gaming: gross income

    $99,881

  • 9b · Gaming: direct expenses

    $7,767

  • 9c · Net income from gaming

    total $92,114 · excluded $92,114

  • 10a · Gross sales of inventory

    $33,466

  • 10b · Cost of goods sold

    $11,123

  • 10c · Net income from sales of inventory

    total $22,343 · related or exempt $22,343

  • 11a · Other revenue: REIMBURSEMENTS

    total $20,862 · excluded $20,862

  • 11b · Other revenue: ADVERTISING

    total $9,422 · unrelated business $9,422

  • 11c · Other revenue: SPONSORSHIPS

    total $1,000 · excluded $1,000

  • 11d · All other revenue

    total $11,413 · excluded $11,413

  • 11e · Other revenue, total

    $42,697

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,574,454 · program services $1,045,938 · management and general $259,841 · fundraising $268,675

  • 7 · Other salaries and wages

    total $6,242,731 · program services $4,452,237 · management and general $510,487 · fundraising $1,280,007

  • 8 · Pension plan contributions

    total $290,715 · program services $186,221 · management and general $31,142 · fundraising $73,352

  • 9 · Other employee benefits

    total $795,799 · program services $582,896 · management and general $45,380 · fundraising $167,523

  • 10 · Payroll taxes

    total $651,120 · program services $460,351 · management and general $61,941 · fundraising $128,828

  • 11b · Fees: legal

    total $77,711 · program services $62,668 · management and general $3,302 · fundraising $11,741

  • 11c · Fees: accounting

    total $31,145 · management and general $31,145

  • 11f · Fees: investment management

    total $62,129 · management and general $62,129

  • 11g · Fees: other

    total $947,094 · program services $796,796 · management and general $31,297 · fundraising $119,001

  • 12 · Advertising and promotion

    total $127,129 · program services $96,895 · management and general $117 · fundraising $30,117

  • 13 · Office expenses

    total $223,503 · program services $170,245 · management and general $17,873 · fundraising $35,385

  • 14 · Information technology

    total $859,341 · program services $683,105 · management and general $93,841 · fundraising $82,395

  • 16 · Occupancy

    total $631,997 · program services $479,337 · management and general $39,729 · fundraising $112,931

  • 17 · Travel

    total $110,486 · program services $84,744 · management and general $2,349 · fundraising $23,393

  • 22 · Depreciation, depletion and amortization

    total $1,397,794 · program services $1,053,563 · management and general $89,570 · fundraising $254,661

  • 23 · Insurance

    total $63,520 · program services $45,709 · management and general $4,635 · fundraising $13,176

  • 24a · Other expenses: EVENT FUNDRAISING EXP

    total $387,702 · program services $5,204 · management and general $642 · fundraising $381,856

  • 24b · Other expenses: DONOR PREMIUMS

    total $289,163 · fundraising $289,163

  • 24c · Other expenses: RESEARCH AND EDUCATION

    total $222,259 · program services $177,882 · management and general $16,091 · fundraising $28,286

  • 24d · Other expenses: PERFORMANCE AND EVENTS

    total $203,113 · program services $182,191 · management and general $843 · fundraising $20,079

  • 24e · All other expenses

    total $247,263 · program services $9,539 · management and general $94,486 · fundraising $143,238

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,985,816 · end of year $614,565

  • 2 · Savings and temporary cash investments

    beginning of year $504,523 · end of year $722,257

  • 3 · Pledges and grants receivable

    beginning of year $423,056 · end of year $711,693

  • 4 · Accounts receivable

    beginning of year $663,760 · end of year $737,625

  • 8 · Inventories for sale or use

    beginning of year $21,144 · end of year $20,022

  • 9 · Prepaid expenses and deferred charges

    beginning of year $423,183 · end of year $390,804

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

    $13,792,435

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

    $9,328,320

  • 10c · Land, buildings and equipment, net

    beginning of year $5,145,373 · end of year $4,464,115

  • 11 · Investments: publicly traded securities

    beginning of year $16,608,756 · end of year $13,056,534

  • 14 · Intangible assets

    beginning of year $3,885,487 · end of year $3,885,487

  • 15 · Other assets

    beginning of year $0 · end of year $10,727,452

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,102,239 · end of year $1,135,033

  • 19 · Deferred revenue

    beginning of year $125,435 · end of year $105,363

  • 25 · Other liabilities

    beginning of year $1,101,370 · end of year $11,281,916

  • 27 · Net assets without donor restrictions

    beginning of year $26,916,463 · end of year $22,466,737

  • 28 · Net assets with donor restrictions

    beginning of year $415,591 · end of year $341,505

Mission and programs · 2022

Mission

KEXP'S MISSION IS TO ENRICH YOUR LIFE BY CHAMPIONING MUSIC AND DISCOVERY.

  • KEXP HD RADIO BROADCAST - KEXP BROADCASTS HD RADIO ON 90.3 FM TO AN AVERAGE OF 181.2K LISTENERS EACH WEEK IN THE GREATER SEATTLE AREA, INCLUDING VARIETY ARTIST MIXES, SPECIALIZED MUSIC SHOWS AND DJ CURATED PROGRAMMING.

    Expenses $5,253,002 · Revenue $100,000

  • KEXP STREAMING & LIVE PERFORMANCES - KEXP ONLINE RADIO STREAMING WORLDWIDE TO AN AVERAGE WEEKLY AUDIENCE OF 113.8K AND FEATURES ON KEXP.ORG, WHICH INCLUDE VIDEOS OF OUR LIVE IN-STUDIO PERFORMANCES, MUSIC BLOG POSTS, AND PODCASTS. KEXP'S YOUTUBE CHANNEL IS VIEWED ON AVERAGE BY 1.45M EACH WEEK.

    Expenses $3,540,807

  • KEXP COMMUNITY EVENTS & ENGAGEMENT - KEXP EVENTS IN OUR HOME IN SEATTLE CENTER AND OTHER VENUES, INCLUDING LIVE PERFORMANCES, MUSIC COMMUNITY CONVERSATIONS, ARTIST PANELS, AND COMMUNITY/DONOR ACTIVATIONS. KEXP'S 50TH ANNIVERSARY WAS CELEBRATED IN 2022 BY 10K LISTENERS AND FANS.

    Expenses $1,781,712 · Revenue $22,343

As filed on the 2022 return.

Listed in Part VII

  • Megan Jasper

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Scott Redman

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • Cindy Bolton

    TREASURER

    Total calculated
    $0
    Hours/week
    0.8

  • Erika Sanchez

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Jill Singh

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    1.3

  • Nabil Ayers

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • Jerry Chiang

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • Alejandro Chouza

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • Zoe Corneli

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • Will Daugherty

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Jon Kertzer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • Oscar Mraz

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Erik Nordstrom

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • Jeff Seely

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • Jyoti Shukla

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Heather Snavely

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Lisa Thomas

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • Nicole Vandenberg

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • Mikhael Mei Williams

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • Adam Zacks

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • Becky Roberts

    BOARD MEMBER (THRU 09/22)

    Total calculated
    $0
    Hours/week
    0.3

  • Thomas Mara

    PRESIDENT & CEO (THRU 06/22)

    Total calculated
    $225,181
    From this org
    $213,278
    From related orgs
    $0
    Other
    $11,903
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $100,000
    Bonus
    $0
    Other
    $113,278
    Deferred
    $11,903
    Nontaxable benefits
    $0
    Filer's total
    $225,181

  • Ethan Raup

    PRESIDENT & CEO (FROM 07/22)

    Total calculated
    $219,604
    From this org
    $175,812
    From related orgs
    $0
    Other
    $43,792
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $175,812
    Bonus
    $0
    Other
    $0
    Deferred
    $19,920
    Nontaxable benefits
    $23,872
    Filer's total
    $219,604

  • Christopher Kellogg

    CHIEF PROGRAMMING OFFICER

    Total calculated
    $157,501
    From this org
    $136,283
    From related orgs
    $0
    Other
    $21,218
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $136,283
    Bonus
    $0
    Other
    $0
    Deferred
    $11,259
    Nontaxable benefits
    $9,959
    Filer's total
    $157,501

  • Rebecca Denk

    CFO

    Total calculated
    $147,616
    From this org
    $112,377
    From related orgs
    $0
    Other
    $35,239
    Hours/week
    40

  • John Richards

    DIRECTOR OF PROGRAMMING

    Total calculated
    $226,525
    From this org
    $193,525
    From related orgs
    $0
    Other
    $33,000
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $193,525
    Bonus
    $0
    Other
    $0
    Deferred
    $6,000
    Nontaxable benefits
    $27,000
    Filer's total
    $226,525

  • Thomas Smith

    DIRECTOR OF STRATEGIC REL & BUS

    Total calculated
    $174,736
    From this org
    $149,404
    From related orgs
    $0
    Other
    $25,332
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $42,000
    Bonus
    $107,404
    Other
    $0
    Deferred
    $16,576
    Nontaxable benefits
    $8,756
    Filer's total
    $174,736

  • Alexander Van Buren

    ASSOCIATE DIRECTOR OF IT OPERATIONS

    Total calculated
    $158,357
    From this org
    $136,887
    From related orgs
    $0
    Other
    $21,470
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $136,887
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $21,470
    Filer's total
    $158,357

  • Robert Bender

    ASSOCIATE DIR. OF BUSINESS SUPPORT

    Total calculated
    $175,963
    From this org
    $135,074
    From related orgs
    $0
    Other
    $40,889
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $35,719
    Bonus
    $99,355
    Other
    $0
    Deferred
    $15,637
    Nontaxable benefits
    $25,252
    Filer's total
    $175,963

  • Sean Dougherty

    PRINCIPAL SERVICE ARCHITECT

    Total calculated
    $143,899
    From this org
    $125,209
    From related orgs
    $0
    Other
    $18,690
    Hours/week
    40

  • Cyrus Despres

    DIR. OF PLANNING & BUS. INTELLIGENCE

    Total calculated
    $132,914
    From this org
    $124,620
    From related orgs
    $0
    Other
    $8,294
    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

  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 5a · Pay contingent on this organization's revenues

Answered no

  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 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

The filer's explanations (Part III)

PART I, LINE 4A
THOMAS MARA, FORMER PRESIDENT & CEO, RECEIVED A SEPARATION PAYMENT INCLUDING: $200,000 IN SEVERANCE, $20,000 SUPPLEMENTAL CONSIDERATION AND $10,000 TOWARDS EXECUTIVE TRANSITION. THE TOTAL SEPARATION PAYMENT IS PAID OUT OVER A YEAR, 7/1/2022 - 6/30/2023.
PART I, LINE 5
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.

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
2022
Filed
20 July 2023
IRS schema version
2022v5.0
Source object
202302029349300105

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