← BOULDER COMMUNITY BROADCAST ASSOCIATION INCORPORATED

Form 990 for tax year 2023

Filed by BOULDER COMMUNITY BROADCAST ASSOCIATION INCORPORATED.

Totals

Total revenue: $1,584,483
Total expenses: $1,515,885
Contributions and grants received: $1,458,466
Grants paid: $0
Program service revenue: $85,013
Investment income: $5,234
Other revenue: $35,770
Total assets, end of year: $5,296,281
Total liabilities, end of year: $3,565,587
Net assets or fund balances, end of year: $1,730,694
Program services expenses (Part IX): $1,074,828
Management and general expenses: $211,367
Fundraising expenses: $229,690
Program service expenses (Part III): $1,074,828

Program services were 70.9% 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.

1b · Membership dues

$521,746
1e · Government grants (contributions)

$498,909
1f · All other contributions, gifts and grants

$437,811
1g · Noncash contributions included above

$239,030
2a · Program service revenue: UNDERWRITING REVENUE

total $82,763 · related or exempt $82,763
2b · Program service revenue: STUDIO PRODUCTIONS

total $1,200 · related or exempt $1,200
2c · Program service revenue: VOLUNTEEER TRAINING

total $1,050 · related or exempt $1,050
3 · Investment income

total $5,234 · excluded $5,234
6a · Gross rents

real property $41,067
6b · Less rental expenses

real property $36,690
6c · Rental income or loss

real property $4,377
6d · Net rental income or loss

total $4,377 · excluded $4,377
8a · Fundraising events: gross income

$41,859
8b · Fundraising events: direct expenses

$14,333
8c · Net income from fundraising events

total $27,526 · excluded $27,526
11a · Other revenue: MISCELLANEOUS REVENUES

total $3,867 · related or exempt $3,867
11e · Other revenue, total

$3,867

Functional expenses

Part IX, the statement of functional expenses.

7 · Other salaries and wages

total $507,250 · program services $352,967 · management and general $38,170 · fundraising $116,113
9 · Other employee benefits

total $84,889 · program services $59,070 · management and general $6,388 · fundraising $19,431
10 · Payroll taxes

total $42,849 · program services $29,817 · management and general $3,224 · fundraising $9,808
11g · Fees: other

total $99,499 · program services $19,600 · management and general $39,899 · fundraising $40,000
13 · Office expenses

total $13,247 · management and general $8,913 · fundraising $4,334
14 · Information technology

total $8,944 · program services $7,603 · management and general $626 · fundraising $715
16 · Occupancy

total $84,820 · program services $84,820
20 · Interest

total $176,022 · program services $176,022
22 · Depreciation, depletion and amortization

total $42,994 · program services $23,721 · management and general $19,273
24a · Other expenses: IN-KIND EXPENSES

total $194,225 · program services $151,882 · management and general $36,846 · fundraising $5,497
24b · Other expenses: ORIGINAL PROGRAMS

total $50,109 · program services $50,109
24c · Other expenses: PROGRAM ACQUISITION

total $39,317 · program services $39,317
24d · Other expenses: UTILITIES

total $27,534 · program services $23,404 · management and general $1,927 · fundraising $2,203
24e · All other expenses

total $144,186 · program services $56,496 · management and general $56,101 · fundraising $31,589

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $337,264 · end of year $67,997
2 · Savings and temporary cash investments

beginning of year $342,406 · end of year $138,790
4 · Accounts receivable

beginning of year $10,487 · end of year $3,438
9 · Prepaid expenses and deferred charges

beginning of year $23,914 · end of year $5,093
10a · Land, buildings and equipment: cost or other basis

$6,764,777
10b · Land, buildings and equipment: accumulated depreciation

$1,851,079
10c · Land, buildings and equipment, net

beginning of year $4,282,598 · end of year $4,913,698
15 · Other assets

beginning of year $220,543 · end of year $167,265
17 · Accounts payable and accrued expenses

beginning of year $15,676 · end of year $141,244
23 · Secured mortgages and notes payable

beginning of year $3,308,576 · end of year $3,273,443
25 · Other liabilities

beginning of year $230,864 · end of year $150,900
27 · Net assets without donor restrictions

beginning of year $1,098,918 · end of year $1,668,770
28 · Net assets with donor restrictions

beginning of year $563,178 · end of year $61,924

Mission and programs · 2023

Mission

BOULDER COMMUNITY BROADCASE ASSOCIATION, INCORPORATED SEEKS TO STIMULATE, EDUCATE AND ENTERTAIN OUR AUDIENCE, TO REFLECT THE DIVERSITY OF THE LOCAL AND WORLD COMMUNITY, AND TO PROVIDE A CHANNEL FOR INDIVIDUALS, GROUPS, ISSUES AND MUSIC THAT HAVE BEEN OVERLOOKED, SUPPRESSED OR UNDER-REPRESENTED BY OTHER MEDIA. THE STATION SEEKS TO EXPAND THE LISTENING AUDIENCE THROUGH THE EXCELLENCE OF ITS PROGRAMMING WITHOUT COMPROMISING THE PRINCIPLES STATED HERE.

KGNU PUBLIC RADIO STATION: AN INDEPENDENT, NONCOMMERCIAL COMMUNITY RADIO STATION LICENSED IN BOULDER, NEDERLAND, DENVER, AND FORT COLLINS, COLORADO REACHING OVER 40,000 LISTENERS EVERY WEEK TO INFORM LISTENERS WITH LOCAL AND GLOBAL NEWS, PUBLIC AFFAIRS, AND OTHER EDUCATIONAL PROGRAMMING.

Expenses $1,074,828 · Revenue $1,584,483

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

Listed in Part VII

Shiquita YarbroughSHIQUITA YARBROUGH

INTERIM BOARD CHAIR

Total calculated

$0

Hours/week

5
Eric ScaceERIC SCACE

INTERIM VICE-CHAIR

Total calculated

$0

Hours/week

5
Eli KalenELI KALEN

SECRETARY

Total calculated

$0

Hours/week

5
Amy MitchellAMY MITCHELL

INTERIM TREASURER

Total calculated

$0

Hours/week

5
Tim RussoTIM RUSSO

EX-OFFICIO

Total calculated

$65,503

From this org

$65,503

From related orgs

$0

Other

$0

Hours/week

40
Joel EdelsteinJOEL EDELSTEIN

TRUSTEE

Total calculated

$0

Hours/week

5
Gaia MikeGAIA MIKE

TRUSTEE

Total calculated

$0

Hours/week

5
Keyana SimoneKEYANA SIMONE

TRUSTEE

Total calculated

$0

Hours/week

5

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.

Schedule J

Answered yes

3 · Compensation committee
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

The filer's explanations (Part III)

PART I, LINE 3: BOARD SETS AND APPROVES SALARY BASED ON ESTIMATED MARKET VALUE.

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: 15 August 2025
IRS schema version: 2023v6.0
Source object: 202532279349303778

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