Kser Foundation
- Assets
- $483.4k
- Revenue
- $266.8k
- Investments
- $0.0
- Employees
- 4
- Location
- Everett, WA
- Founding
- 09/1994
- Data as of
- 12/2021
- EIN
- 91-1642834
Organization Overview
Kser Foundation is located in Everett, WA. The organization was established in 1994. 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 12/2021, Kser Foundation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kser Foundation 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, Kser Foundation generated $266.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $305.6k during the year ending 12/2021. 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
TO ENRICH OUR COMMUNITY THROUGH LOCAL, INDEPENDENT PUBLIC RADIO AND OTHER SERVICES DEDICATED TO ARTS, EDUCATION, IDEAS, AND CIVIC ENGAGEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE KSER FOUNDATION DELIVERS NON-COMMERCIAL RADIO PROGRAMMING TO LISTENERS IN SNOHOMISH AND ISLAND COUNTIES, AS WELL AS THE SURROUNDING AREAS VIA TWO RADIO STATIONS 89.9 KXIR-FM AND 90.7 KSER-FM. A PAID STAFF OF 4 AND OVER 100 VOLUNTEERS OPERATE BOTH STATIONS AND PROVIDE LOCAL NEWS AND INFORMATION, NATIONAL AND WORLD NEWS, ARTS, AND CULTURAL PROGRAMING 24 HOURS A DAY AND 365 DAYS PER YEAR. KSER AND KXIR ARE COMMITTED TO PROVIDING DIVERSE POINTS OF VIEW, ENCOURAGING CIVIC ENGAGEMENT, PROMOTING AN EXCHANGE OF INFORMATION, AND SHOWCASING LOCAL VOICES, COMMUNITY LEADERS AND ARTISTS. THE SAME PROGRAMING IS HEARD ON BOTH STATIONS. KSER IS THE ONLY INDEPENDENT PUBLIC RADIO STATION IN SNOHOMISH COUNTY. WE WORK DILIGENTLY TO BE GOOD STEWARDS OF OUR DONORS SUPPORT AND PROMOTE THE VALUE OF COMMUNITY SERVICE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nina Martinez President | OfficerTrustee | 5 | $0 |
Eric Fetters-Walp Vice-President | OfficerTrustee | 5 | $0 |
Erin Monroe Treasurer | OfficerTrustee | 5 | $0 |
Tom Clendening General Manager | Officer | 40 | $0 |
Ashley Mcdonald Board Member | Trustee | 1 | $0 |
Keashia Garner Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $25,625 |
| All other contributions, gifts, grants, and similar amounts not included above | $213,707 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $239,332 |
| Total Program Service Revenue | $0 |
| Investment income | $124 |
| 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 | $266,818 |
| 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. | $52,500 |
| Compensation of current officers, directors, key employees. | $10,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $50,783 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,732 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,855 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,460 |
| Office expenses | $2,533 |
| Information technology | $5,633 |
| Royalties | $437 |
| Occupancy | $66,749 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $42 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $44,067 |
| Insurance | $15,902 |
| All other expenses | $5,386 |
| Total functional expenses | $305,646 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,456 |
| Savings and temporary cash investments | $170,019 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | -$1,594 |
| 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 | $0 |
| Net Land, buildings, and equipment | $270,566 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $483,447 |
| Accounts payable and accrued expenses | $9,895 |
| 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 | $9,895 |
| Net assets without donor restrictions | $0 |
| 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 | $473,552 |
| Total liabilities and net assets/fund balances | $483,447 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Kser Foundation has recieved totaling $74,644.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $74,355 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $189 |
Craig And Susan Mccaw Foundation Kirkland, WA PURPOSE: EDUCATION | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kuow-Puget Sound Public Radio Seattle, WA | $17,962,877 | $19,303,443 |
Pacific Public Media Seattle, WA | $18,492,079 | $10,102,948 |
Classical 98 1 Seattle, WA | $7,691,634 | $5,192,189 |
Coastalaska Inc Juneau, AK | $5,533,543 | $4,242,861 |
Northwest Communities Education Center Granger, WA | $3,287,239 | $4,075,300 |
Spokane Public Radio Spokane, WA | $4,831,170 | $1,756,362 |
Silakkuagvik Communication Inc Barrow, AK | $1,093,900 | $663,435 |
Voice Of Christ Media Ministries Inc Beaverton, OR | $497,571 | $636,829 |
Live Wire Radio Inc Portland, OR | $264,436 | $580,290 |
Jack Straw Foundation Seattle, WA | $1,544,624 | $532,492 |
Cascade Educational Broadcast Service Portland, OR | $116,899 | $504,183 |
Terminal Radio Inc Valdez, AK | $203,006 | $241,157 |