Capitol Broadcasting Association Inc
- Assets
- $11.4m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 19
- Location
- Austin, TX
- Founding
- 10/1966
- Data as of
- 12/2021
- EIN
- 74-6076827
Organization Overview
Capitol Broadcasting Association Inc, operating under the name Kmfa Classical 895, is located in Austin, TX. The organization was established in 1966. According to its NTEE Classification (A30) the organization is classified as: Media & Communications, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Kmfa Classical 895 employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kmfa Classical 895 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 12/2021, Kmfa Classical 895 generated $3.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.8% each year . All expenses for the organization totaled $2.4m during the year ending 12/2021. While expenses have increased by 6.5% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
CLASSICAL MUSIC INSPIRES AND RESTORES THE HUMAN SPIRIT. KMFA CLASSICAL 89.5 HANDCRAFTS EXCEPTIONAL CLASSICAL MUSIC EXPERIENCES ON-AIR, ONLINE, AND IN COMMUNITY. KMFA 89.5 IS AN INDEPENDENT PUBLIC CLASSICAL RADIO STATION PROVIDING A 24/7 CLASSICAL MUSIC SERVICE TO APPROXIMATELY 80,000 LISTENERS EACH WEEK. KMFA BROADCASTS PERFORMANCES OF LOCAL MUSIC GROUPS, EXPANDING APPRECIATION OF LOCAL CULTURAL RESOURCES. KMFA ENCOURAGES ARTS EDUCATION AND SUPPORTS THE CENTRAL TEXAS COMMUNITY WITH OUTREACH PROGRAMS SUCH AS AN ANNUAL MUSICAL INSTRUMENT DRIVE, A SUMMER RADIO CAMP FOR KIDS, AND STATION TOURS FOR YOUTH AND ADULT GROUPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
KMFA IS A RARE NON-COMMERCIAL, NOT-FOR-PROFIT, INDEPENDENT, PURE CLASSICAL MUSIC-FORMATTED RADIO STATION ORIGINATING FROM AUSTIN, TEXAS COVERING A 60-MILE RADIUS IN CENTRAL TEXAS AND STREAMING GLOBALLY ON KMFA.ORG. KMFA BROADCASTS NATIONALLY AND LOCALLY PRODUCED CLASSICAL MUSIC PROGRAMMING TO APPROXIMATELY 80,000 LISTENERS PER WEEK. WEEKLY LOCAL PROGRAMS SUPPORT AND PROMOTE THE ARTS COMMUNITY, E.G. CLASSICAL AUSTIN, ANCIENT VOICES, FILM SCORE FOCUS, AND OUR LISTEN LOCAL INITIATIVE THAT CONDUCTS INTERVIEWS, LIVE BROADCASTS, ARTICLES AND WEB FEATURES. OUR MARKETING AND COMMUNITY ENGAGEMENT GIVES OUR LISTENERS A WIDE RANGE OF ACCESS INCLUDING PODCASTS, KMFA APP, WEBSITE AND PROMOTIONAL EVENTS. ADDITIONAL EXPENSES FOR THE STATION WHICH ENABLE KMFA TO BROADCAST OUR PROGRAMMING INCLUDE THE RENT, OPERATING AND MAINTENANCE OF OUR RADIO TOWER AND BROADCASTING EQUIPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ann Wilson President/general Manager | Officer | 40 | $102,264 |
Anne Peterson CFO (sept 2019 - Present) | Officer | 40 | $80,523 |
Soriya Estes Chair | OfficerTrustee | 2 | $0 |
Edwina Carrington Vice Chair | OfficerTrustee | 2 | $0 |
Michelle Rosenblatt Treasurer | OfficerTrustee | 2 | $0 |
Andrew Teagle Secretary | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bartlett Cocke General Contractors Construction General Contractor | 12/30/20 | $3,841,741 |
Thomas Johnson Consulting | 12/30/20 | $400,000 |
Infrastructure Solutions Inc Consulting - Infrastructure | 12/30/20 | $350,000 |
Thomas R Bohuslav Consulitng Consulting - Engineer | 12/30/20 | $275,000 |
Carolyn L Brittin Consulting - Lobbying | 12/30/20 | $130,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,314,455 |
| Fundraising events | $0 |
| Related organizations | $54,095 |
| Government grants | $933,690 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,098,173 |
| Noncash contributions included in lines 1a–1f | $11,347 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,400,413 |
| Total Program Service Revenue | $226,549 |
| Investment income | $672 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $300 |
| Net Rental Income | $27,850 |
| Net Gain/Loss on Asset Sales | $350 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,656,134 |
| 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. | $208,822 |
| Compensation of current officers, directors, key employees. | $35,804 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $711,083 |
| Pension plan accruals and contributions | $20,976 |
| Other employee benefits | $109,581 |
| Payroll taxes | $71,869 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,569 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $169,705 |
| Advertising and promotion | $4,314 |
| Office expenses | $55,632 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $84,691 |
| Travel | $1,074 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $69,018 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $259,069 |
| Insurance | $24,806 |
| All other expenses | $228,381 |
| Total functional expenses | $2,369,489 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $891,116 |
| Savings and temporary cash investments | $751,138 |
| Pledges and grants receivable | $651,494 |
| Accounts receivable, net | $54,795 |
| 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 | $45,667 |
| Net Land, buildings, and equipment | $9,019,009 |
| Investments—publicly traded securities | $6,688 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,419,907 |
| Accounts payable and accrued expenses | $111,718 |
| Grants payable | $0 |
| Deferred revenue | $52,517 |
| 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 | $300,000 |
| Total liabilities | $464,235 |
| Net assets without donor restrictions | $10,473,668 |
| Net assets with donor restrictions | $482,004 |
| 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 | $11,419,907 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Capitol Broadcasting Association Inc has recieved totaling $251,616.
| Awarding Organization | Amount |
|---|---|
Austin Community Foundation Austin, TX PURPOSE: 2ND OF 3 DONATION PAYMENTS | $146,961 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $43,655 |
St Davids Foundation Austin, TX PURPOSE: HEALTH ACCESS GRANT | $40,000 |
Bbb Serving The Heart Of Texas Austin, TX PURPOSE: COVID-19 EMERGENCY RELIEF | $20,000 |
Pelton Charitable Foundation Inc Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $700 |
Ge Foundation Norwalk, CT PURPOSE: MATCHING GIFTS | $250 |
Endowment Analysis
| Beg. Balance | $1,399,254 |
| Earnings | $243,687 |
| Admin Expense | $17,764 |
| Net Contributions | $28,552 |
| Other Expense | $54,095 |
| Ending Balance | $1,599,634 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
19th News Austin, TX | $21,584,560 | $14,541,849 |
Houston Christian Broadcasters Inc Houston, TX | $13,908,658 | $4,581,880 |
Ubongo International Austin, TX | $5,077,785 | $2,839,970 |
South Texas Public Broadcasting System Corpus Christi, TX | $9,349,608 | $2,198,277 |
Capitol Broadcasting Association Inc Austin, TX | $11,419,907 | $3,656,134 |
Acadiana Open Channel Inc Lafayette, LA | $521,946 | $724,630 |
Dallas Express Media Dallas, TX | $116,988 | $329,975 |
Oklahoma Watch Inc Oklahoma City, OK | $563,397 | $1,089,252 |
Brazos Valley Public Broadcasting Foundation Waco, TX | $1,777,522 | $819,023 |
Louisiana Association Of Broadcasters Baton Rouge, LA | $1,966,076 | $788,764 |
New Mexico Broadcasters Association Albuquerque, NM | $858,591 | $676,786 |
National Distribution Pipeline Industry Communications & Product Richardson, TX | $746,056 | $719,506 |