University Radio Foundation Inc, operating under the name Wfae 907, is located in Charlotte, NC. The organization was established in 1993. According to its NTEE Classification (A34) the organization is classified as: Radio, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Wfae 907 employed 69 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wfae 907 is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Wfae 907 generated $7.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $7.9m during the year ending 06/2022. While expenses have increased by 6.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
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JOURNALISM THAT INFORMS, ENRICHES, AND INSPIRES. OUR VISION IS TO HELP CREATE A MORE KNOWLEDGEABLE AND ENGAGED COMMUNITY GROUNDED IN OUR SHARED HUMANITY.
Describe the Organization's Program Activity:
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WHILE THERE WERE GLIMMERS OF HOPE THAT THE PANDEMIC WAS BECOMING MORE MANAGEABLE, IT WAS STILL FRONT AND CENTER IN FY22. AS VARIANTS SPIKED, WFAE REPORTERS AND STAFF CONTINUED TO ADAPT AND ADJUST. HERE ARE A FEW HIGHLIGHTS OF THEIR WORK AND ACCOMPLISHMENTS: PROGRAMMING HIGHLIGHTSWITH LEAD GIFTS FROM NOVANT HEALTH AND WELLS FARGO, WFAE RAISED MORE THAN $720,000 TO FUND THE RACE & EQUITY TEAM FOR THREE YEARS. A SENIOR EDITOR AND TWO REPORTERS WORK ACROSS THE NEWSROOM TO INCLUDE EQUITY AND INCLUSION IN STORIES FROM CLIMATE CHANGE AND EDUCATION TO POLITICS AND THE ARTS. THE TEAM ALSO PRODUCES A WEEKLY NEWSLETTER, "EQUALIBRIUM," THAT EXPLORES RACE AND EQUITY ISSUES. THE LAUNCH EVENT EXAMINED CHARLOTTE'S UPWARD MOBILITY EFFORTS - WHAT'S BEEN DONE AND WHAT STILL NEEDS TO HAPPEN. CHARLOTTE MAYOR VI LYLES WAS ONE OF THE FEATURED GUESTS. REPORTER MARIA RAMIREZ URIBE HOSTED TWO EVENTS ABOUT THE BIDEN ADMINISTRATION'S IMMIGRATION CHANGES. THESE ONLINE EVENTS TOOK PLACE IN ENGLISH AND SPANISH. THE CONVERSATIONS WERE PART OF A REPORT FOR AMERICA COLLABORATION BETWEEN WFAE AND SPANISH-LANGUAGE NEWSPAPER LA NOTICIA. ANOTHER EVENT CELEBRATED BLACK FATHERHOOD. COMMUNITY LEADERS AND OTHERS TALKED ABOUT WHAT THEY'VE LEARNED FROM THEIR FATHERS AND WHAT THEY HOPE TO LEAVE FOR FUTURE GENERATIONS. "CHARLOTTE TALKS" CONTINUED ITS LONG TRADITION AS THE 'TALK SHOW OF RECORD' FOR THE REGION. HOST MIKE COLLINS HAD CONVERSATIONS WITH EXPERTS, POLITICIANS, AUTHORS AND OTHERS ABOUT TOPICS SUCH AS GUN VIOLENCE, INFLATION, REDISTRICTING AND RECOVERING FROM THE PANDEMIC. THE SHOW CONTINUED ITS REGULAR CONVERSATIONS WITH LOCAL REPORTERS FOR A WEEKLY NEWS ROUNDUP AND MONTHLY CHECK-INS WITH THE MAYOR OF CHARLOTTE. AS PART OF A SPECIAL SERIES, "CHARLOTTE TALKS" SPOKE WITH REGIONAL MAYORS INCLUDING CONCORD, GASTONIA, HICKORY, MOORESVILLE IN NORTH CAROLINA, AND FORT MILL AND ROCK HILL IN SOUTH CAROLINA. REPORTER STEVE HARRISON DELVED INTO ISSUES SUCH AS GERRYMANDERING AND REDISTRICTING, TRANSPORTATION - NEW LINES, RIDERSHIP, SAFETY AND FUNDING MODELS, AND MORE. HE ALSO PREPPED LISTENERS FOR THE 2022 MIDTERM ELECTIONS WITH THE RELAUNCH OF OUR "INSIDE POLITICS" PODCAST. ALONG WITH TWO VETERAN JOURNALIST CO-HOSTS, THE PODCAST EXPLORED HOW THE PANDEMIC WAS USED IN MESSAGING AND ADVERTISING, WHICH CANDIDATES WERE CONNECTING WITH VOTERS, AND OTHER ISSUES ON THE CAMPAIGN TRAIL. REPORTER ANN DOSS HELMS PRODUCED STORIES ON LOCAL AND STATE EDUCATION ISSUES. CLOSE TO HOME, THERE WERE STORIES ABOUT GUNS AND SCHOOL SAFETY, STAFF SHORTAGES AND RETENTION, BUDGETS AND THE FIRING OF THE SUPERINTENDENT. ON A STATE LEVEL, ANN LOOKED AT THE EFFECTS OF LEARNING LOSS FROM HOLDING CLASSES VIRTUALLY AND STATE TESTING SCORES. WITH GRANTS FROM THE SALAMANDER AND 1EARTH FUNDS, WFAE COULD SUPPORT A FULL-TIME CLIMATE REPORTER. DAVID BORAKS EXAMINED HOW CLIMATE CHANGE AFFECTS THE CAROLINAS. HIS STORIES FOCUSED ON LITHIUM MINING IN GASTON COUNTY, FLOOD INSURANCE IN NORTH AND SOUTH CAROLINA, THE ONGOING IMPACT OF A GASOLINE SPILL IN HUNTERSVILLE, AND CLIMATE ANXIETY AS A NEW MENTAL HEALTH CONCERN. THROUGHOUT FY22, WFAE AIRED SEVERAL SERIES. "THE PRICE WE PAY" LOOKED AT WHY AMERICANS ARE SICKER, WHY THEY PAY MORE FOR HEALTH CARE AND POTENTIAL SOLUTIONS. THE 11-PART SERIES WAS THE CULMINATION OF A YEARLONG EXAMINATION OF THE HEALTH CARE SYSTEM IN THE UNITED STATES. "REBUILDING CHARLOTTE" EXPLORED THE CHALLENGES AND OPPORTUNITIES FOR FAMILIES, BUSINESSES AND INSTITUTIONS STRUGGLING WITH RECOVERY FROM THE PANDEMIC. STORIES INCLUDED THE EFFECTS OF ENDING THE MORATORIUM ON EVICTIONS, THE RETURN TO IN-PERSON MEETINGS FOR PUBLIC BODIES; HOW HOTELS ADAPTED IN THE PANDEMIC, AND MASK POLICIES IN SCHOOLS. THE "SOUTHBOUND" PODCAST CONTINUED TO TALK WITH PEOPLE WHO WERE BORN AND RAISED IN THE SOUTH. HOST TOMMY TOMLINSON SPOKE WITH SOUTHERNERS FROM ALL WALKS OF LIFE - FROM AUTHORS AND ACADEMICS TO NASCAR DRIVERS AND BLUEGRASS SINGERS. WFAE RECEIVED A REGIONAL MURROW AWARD FOR INVESTIGATIVE REPORTING. REPORTERS STEVE HARRISON AND ANN DOSS HELMS PRODUCED A THREE-PART SERIES ABOUT REMOTE INSTRUCTION AND LEARNING LOSS IN CHARLOTTE-MECKLENBURG SCHOOLS. THE "ASBESTOS TOWN" DOCUMENTARY WON A SIGMA DELTA CHI AWARD FROM THE SOCIETY FOR PROFESSIONAL JOURNALISTS. REPORTER DAVID BORAKS LOOKED AT EFFORTS TO REDEVELOP AN OLD MILL WITH ASBESTOS CONTAMINATION IN A HISTORICALLY BLACK NEIGHBORHOOD IN DAVIDSON. DAVID BORAKS WAS ALSO SELECTED FOR AN ENVIRONMENTAL FELLOWSHIP BY THE NATIONAL PRESS FOUNDATION. HE TOURED BIOMASS SITES IN SOUTHEASTERN NORTH CAROLINA. AFTERWARDS, HE PRODUCED A SERIES OF STORIES THAT EXPLORED THE WOOD PELLET INDUSTRY AND ITS IMPACT ON THE ENVIRONMENT. FRONTLINE SELECTED WFAE FOR ITS LOCAL JOURNALISM INITIATIVE. THE ORGANIZATIONS WILL PARTNER ON A SERIES ABOUT NORTH CAROLINA'S MENTAL HEALTH AND CRIMINAL JUSTICE SYSTEMS IN FY23. WFAE CONTINUED ITS WORK IN THE PODCAST SPACE WITH A VIRTUAL FESTIVAL. OVER FIVE DAYS, ATTENDEES LEARNED HOW TO RECORD AND MARKET A PODCAST, HOW TO TURN A PODCAST INTO A BUSINESS AND MORE.
BROADCASTING AND ENGINEERING - EXPENSES ASSOCIATED WITH BROADCAST STUDIOS, TRANSMITTERS, TOWERS, AND ANTENNAS, ENGINEER, IP INTERCONNECTS, SATELLITE FACILITIES, UTILITIES, REPAIR AND MAINTENANCE COSTS FOR STUDIOS, TRANSMITTERS, TOWERS, AND ANTENNAS.
PROGRAM INFORMATION - PROMOTION AND OUTREACH ACTIVITIES TO INFORM THE COMMUNITY OF LOCAL NEWS AND EVENTS OF INTEREST TO OUR LISTENERS. COSTS ASSOCIATED WITH HOSTING FORUMS, BRINGING IN PUBLIC RADIO PERSONALITIES TO SPEAK AND OTHER COSTS ASSOCIATED WITH INFORMING OUR LISTENERS BY NEWSLETTERS, E-BLASTS, OUTREACH MATERIALS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Richard Lancaster Board Chair 2021 & 2022 | OfficerTrustee | 4 | $0 |
Nick Wharton Board Vice Chair 2021 & 2022 | OfficerTrustee | 1 | $0 |
Angela Oliver Secretary 2021 & 2022 | OfficerTrustee | 4 | $0 |
Glenn Stewart Treasurer 2021 | OfficerTrustee | 4 | $0 |
Chris Cicoletti Board Member 2021 & Treasurer 2022 | OfficerTrustee | 4 | $0 |
Anasa Sinegal Board Member 2021 | Trustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Market Enginuity Underwriting Sales - Outsourced | 6/29/22 | $682,299 |
Allegiance Fundraising Llc Mail Solicitation | 6/29/22 | $196,781 |
Sherpa Llc Contracted Workers | 6/29/22 | $130,878 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $18,078 |
Related organizations | $0 |
Government grants | $637,372 |
All other contributions, gifts, grants, and similar amounts not included above | $6,936,215 |
Noncash contributions included in lines 1a–1f | $111,933 |
Total Revenue from Contributions, Gifts, Grants & Similar | $7,591,665 |
Total Program Service Revenue | $0 |
Investment income | $106,085 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$8,174 |
Net Income from Fundraising Events | -$25,063 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $7,697,570 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $808,574 |
Compensation of current officers, directors, key employees. | $149,073 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $3,198,753 |
Pension plan accruals and contributions | $137,086 |
Other employee benefits | $299,484 |
Payroll taxes | $269,846 |
Fees for services: Management | $72,883 |
Fees for services: Legal | $1,295 |
Fees for services: Accounting | $24,729 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $653,019 |
Fees for services: Investment Management | $15,607 |
Fees for services: Other | $196,718 |
Advertising and promotion | $80,321 |
Office expenses | $13,444 |
Information technology | $134,736 |
Royalties | $0 |
Occupancy | $360,286 |
Travel | $92,810 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $19,079 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $101,586 |
Insurance | $47,353 |
All other expenses | $35,117 |
Total functional expenses | $7,873,360 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,347,983 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $386,192 |
Accounts receivable, net | $216,035 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $114,437 |
Net Land, buildings, and equipment | $390,152 |
Investments—publicly traded securities | $4,052,386 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $9,987 |
Total assets | $6,517,172 |
Accounts payable and accrued expenses | $446,617 |
Grants payable | $0 |
Deferred revenue | $107,209 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $553,826 |
Net assets without donor restrictions | $5,302,924 |
Net assets with donor restrictions | $660,422 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $6,517,172 |