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Nonprofiteer
← CROSSTOWN RADIO PARTNERSHIP INC

Form 990 for tax year 2024

Filed by CROSSTOWN RADIO PARTNERSHIP INC.

Totals

Total revenue
$722,232
Total expenses
$673,216
Contributions and grants received
$596,143
Grants paid
$0
Program service revenue
$23,829
Investment income
$7,153
Other revenue
$95,107
Total assets, end of year
$1,677,910
Total liabilities, end of year
$64,171
Net assets or fund balances, end of year
$1,613,739
Program services expenses (Part IX)
$397,867
Management and general expenses
$202,200
Fundraising expenses
$73,149
Program service expenses (Part III)
$397,867

Program services were 59.1% 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)

    $98,531

  • 1f · All other contributions, gifts and grants

    $497,612

  • 1g · Noncash contributions included above

    $71,189

  • 2a · Program service revenue: UNDERWRITING

    total $26,475 · related or exempt $26,475

  • 2b · Program service revenue: RETAIL SALES

    total -$2,646 · related or exempt -$2,646

  • 3 · Investment income

    total $7,153 · excluded $7,153

  • 8a · Fundraising events: gross income

    $163,866

  • 8b · Fundraising events: direct expenses

    $68,759

  • 8c · Net income from fundraising events

    total $95,107 · excluded $95,107

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $302,944 · program services $212,061 · management and general $60,589 · fundraising $30,294

  • 9 · Other employee benefits

    total $26,585 · program services $18,610 · management and general $5,316 · fundraising $2,659

  • 10 · Payroll taxes

    total $21,975 · program services $15,383 · management and general $4,394 · fundraising $2,198

  • 11a · Fees: management

    total $10,000 · management and general $10,000

  • 11b · Fees: legal

    total $11,565 · management and general $11,565

  • 11c · Fees: accounting

    total $22,885 · management and general $22,885

  • 11g · Fees: other

    total $69,550 · program services $34,512 · management and general $21,308 · fundraising $13,730

  • 12 · Advertising and promotion

    total $12,301 · fundraising $12,301

  • 13 · Office expenses

    total $65,898 · program services $39,347 · management and general $20,931 · fundraising $5,620

  • 16 · Occupancy

    total $69,018 · program services $46,121 · management and general $17,092 · fundraising $5,805

  • 17 · Travel

    total $5,418 · program services $3,792 · management and general $1,084 · fundraising $542

  • 20 · Interest

    total $1,468 · management and general $1,468

  • 22 · Depreciation, depletion and amortization

    total $17,182 · program services $8,591 · management and general $8,591

  • 23 · Insurance

    total $12,912 · program services $6,456 · management and general $6,456

  • 24a · Other expenses: LICENSES & PERMITS

    total $7,251 · program services $3,626 · management and general $3,625

  • 24b · Other expenses: ROU AMORTIZATION

    total $6,719 · program services $3,360 · management and general $3,359

  • 24c · Other expenses: CREDIT CARD PROCESSING

    total $6,008 · program services $6,008

  • 24d · Other expenses: REPAIRS & MAINTENANCE

    total $3,537 · management and general $3,537

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $165,566 · end of year $147,097

  • 2 · Savings and temporary cash investments

    end of year $117,114

  • 3 · Pledges and grants receivable

    end of year $1,207,850

  • 4 · Accounts receivable

    end of year $1,824

  • 8 · Inventories for sale or use

    beginning of year $3,572 · end of year $3,275

  • 9 · Prepaid expenses and deferred charges

    end of year $12,303

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

    $214,709

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

    $70,493

  • 10c · Land, buildings and equipment, net

    beginning of year $668 · end of year $144,216

  • 14 · Intangible assets

    beginning of year $25,316 · end of year $44,231

  • 15 · Other assets

    beginning of year $19,103

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,173 · end of year $17,832

  • 25 · Other liabilities

    end of year $46,339

  • 27 · Net assets without donor restrictions

    beginning of year $213,052 · end of year $437,632

  • 28 · Net assets with donor restrictions

    end of year $1,176,107

Mission and programs · 2024

Mission

TO ADVANCE EDUCATION IN THE GREATER MEMPHIS AND MID-SOUTH AREA THROUGH THE OWNERSHIP AND OPERATION OF NONCOMMERCIAL, NON-SECTARIAN COMMUNITY RADIO STATION, SERVICING THE GREATER MEMPHIS AND MID-SOUTH AREA BY PRESENTING EDUCATIONAL, CULTURAL, AND PUBLIC INTEREST PROGRAMS UNDER A NON-COMMERCIAL LICENSE FROM THE FEDERAL COMMUNICATIONS COMMISSION. PROGRAMMING INCLUDES BUT IS NOT LIMITED TO 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 2024, THE ORGANIZATION 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 PEOPOE 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. THE ORGANIZATION'S VOLUNTEER DJ ROSTER HAS EXPANDED TO OVER 100 INDIVIDUALS, EACH CONTRIBUTING TO 24/7 ON-AIR PROGRAMMING. THIS GROWTH HAS ALLOWED THE ORGANIZATION TO OFFER A DIVERSE RANGE OF SHOWS AND PERSPECTIVES, ENRICHING THE RADIO STATION'S CONTENT. IN TERMS OF COMMUNITY ENGAGEMENT, THE ORGANIZATION'S STEREO SESSIONS HAVE BEEN A REGULAR FEATURE FOR FOUR YEARS NOW, PROVIDING IN-DEPTH ANALYSIS OF LESSER-KNOWN ARTISTS AND FOSTERING DIALOGUE WITH OUR AUDIENCE. ALONGSIDE THIS, THE ORGANIZATION HOSTED THE RAISED BY SOUND FESTIVAL, FEATURING A SOLD-OUT FUNDRAISING SHOW AND A FREE COMMUNITY CONCERT, FURTHERING THE COMMITMENT TO LOCAL MUSIC AND CULTURE. FUNDRAISING EFFORTS HAVE BEEN ROBUST, WITH SEVERAL PLEDGE DRIVES SURPASSING ORIGINAL GOALS THROUGH LISTENER DONATIONS, MEMBERSHIP PLEDGES, AND SPONSORSHIPS FROM LOCAL BUSINESSES.

    Expenses $397,867 · Revenue $555,136

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

Listed in Part VII

  • Robby Grant

    EXECUTIVE DI

    Total calculated
    $165,199
    From this org
    $160,746
    From related orgs
    $0
    Other
    $4,453
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $149,992
    Bonus
    $10,754
    Other
    not reported
    Deferred
    $4,453
    Nontaxable benefits
    not reported
    Filer's total
    $165,199

  • Eric Barnes

    DIRECTOR/TRE

    Total calculated
    $0
    Hours/week
    1

  • Courtney Blanchard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Debra Burnes

    DIRECTOR/SEC

    Total calculated
    $0
    Hours/week
    1

  • Jeff Cohran

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Todd Richardson

    DIRECTOR/CHA

    Total calculated
    $0
    Hours/week
    1

  • Casey Shannon

    DIRECTOR/VIC

    Total calculated
    $0
    Hours/week
    2

  • Isabel Whitaker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Pat Mitchell Worley

    DIRECT/PRESI

    Total calculated
    $0
    Hours/week
    1

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.

Provenance

Return type
form_990
Tax year
2024
Filed
6 May 2025
IRS schema version
2024v5.0
Source object
202501329349304695

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