Crosstown Radio Partnership Inc
- Assets
- $214.2k
- Revenue
- $645.4k
- Investments
- $0.0
- Employees
- 4
- Location
- Memphis, TN
- Founding
- Data as of
- 12/2023
- EIN
- 84-3681384
Organization Overview
Crosstown Radio Partnership Inc is located in Memphis, TN. 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 12/2023, Crosstown Radio Partnership Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Crosstown Radio Partnership Inc 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 12/2023, Crosstown Radio Partnership Inc generated $645.4k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $618.1k during the year ending 12/2023. While expenses have increased by 10.1% per year over the past 4 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE EDUCATION IN THE GREATER MEMPHIS AND MID-SOUTH AREA, THROUGH THE OWNERSHIP AND OPERATION OF A NONCOMMERCIAL, NON-SECTARIAN COMMUNITY RADIO STATION, SERVICING THE GREATER MEMPHIS AND MID-SOUTH AREA PRESENTING EDUCATIONAL, CULTURAL, AND PUBLIC INTEREST PROGRAMS UNDER A NON-COMMERCIAL LICENSE FROM THE FEDERAL COMMUNICATIONS COMMISSION, INCLUDING BUT NOT LIMITED 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
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2023, CROSSTOWN RADIO PARTNERSHIP 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 PEOPLE 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. OUR VOLUNTEER DJ ROSTER HAS EXPANDED TO OVER 100 INDIVIDUALS, EACH CONTRIBUTING TO OUR 24/7 ON-AIR PROGRAMMING. THIS GROWTH HAS ALLOWED US TO OFFER A DIVERSE RANGE OF SHOWS AND PERSPECTIVES, ENRICHING OUR STATION'S CONTENT. IN TERMS OF COMMUNITY ENGAGEMENT, OUR STEREO SESSIONS HAVE BEEN A REGULAR FEATURE FOR THREE YEARS, PROVIDING IN-DEPTH ANALYSIS OF LESSER-KNOWN ARTISTS AND FOSTERING DIALOGUE WITH OUR AUDIENCE. ALONGSIDE THIS, WE HOSTED OUR SECOND RAISED BY SOUND FEST, FEATURING A SOLD-OUT FUNDRAISING SHOW AND A FREE COMMUNITY CONCERT, FURTHERING OUR COMMITMENT TO LOCAL MUSIC AND CULTURE. FUNDRAISING EFFORTS HAVE BEEN ROBUST, WITH SEVERAL PLEDGE DRIVES SURPASSING OUR GOALS THROUGH LISTENER DONATIONS, MEMBERSHIP PLEDGES, AND SPONSORSHIPS FROM LOCAL BUSINESSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Robby Grant Executive Di | OfficerTrustee | 40 | $148,628 |
Mr Eric Barnes Director/tre | OfficerTrustee | $0 | |
Courtney Blanchard Director | Trustee | $0 | |
Jeff Cohran Director | Trustee | $0 | |
Dr Ryan Fisher Director/sec | OfficerTrustee | $0 | |
Dr Todd Richardson Director/cha | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $607,503 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $607,503 |
| Total Program Service Revenue | $35,895 |
| Investment income | $1,965 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $645,363 |
| 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. | $153,063 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $97,676 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $21,287 |
| Payroll taxes | $20,123 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $20 |
| Fees for services: Accounting | $18,676 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $122,066 |
| Advertising and promotion | $12,276 |
| Office expenses | $60,184 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $34,632 |
| Travel | $8,766 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,632 |
| Insurance | $12,666 |
| All other expenses | $14,780 |
| Total functional expenses | $618,057 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $165,566 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,572 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $668 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $25,316 |
| Other assets | $19,103 |
| Total assets | $214,225 |
| Accounts payable and accrued expenses | $1,173 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $1,173 |
| Net assets without donor restrictions | $213,052 |
| Net assets with donor restrictions | $0 |
| 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 | $214,225 |