Friends Of Kexp
- Assets
- $29.7m
- Revenue
- $14.4m
- Investments
- $0.0
- Employees
- 129
- Location
- Seattle, WA
- Founding
- 12/2000
- Data as of
- 12/2021
- EIN
- 91-2061474
Organization Overview
Friends Of Kexp is located in Seattle, WA. The organization was established in 2000. According to its NTEE Classification (O99) the organization is classified as: Youth Development N.E.C., under the broad grouping of Youth Development and related organizations. As of 12/2021, Friends Of Kexp employed 129 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of Kexp 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, Friends Of Kexp generated $14.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $11.6m during the year ending 12/2021. While expenses have increased by 5.1% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
KEXP'S MISSION IS TO ENRICH YOUR LIFE BY CHAMPIONING MUSIC AND DISCOVERY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
KEXP HD RADIO BROADCAST ON 90.3 FM TO THE GREATER SEATTLE AREA OF VARIETY ARTIST MIXES, SPECIALIZED MUSIC SHOWS AND SPECIALLY CURATED PROGRAMMING.
KEXP ONLINE RADIO STREAMING AND PROGRAMMING THROUGH KEXP.ORG, WHICH INCLUDES VIDEOS OF OUR LIVE IN-STUDIO OR AT HOME PERFORMANCES, MUSIC BLOG POSTS, AND PODCASTS.
SIGNIFICANTLY IMPACTED DUE TO COVID-19 PANDEMIC, KEXP EVENTS IN OUR HOME IN SEATTLE CENTER AND OTHER VENUES, INCLUDING LIVE PERFORMANCES, MUSIC LITERARY CONVERSATIONS, ARTIST PANELS, AND COMMUNITY/DONOR ACTIVATIONS.
CAPITAL PROJECTS TO SOUND-PROOF AND UPGRADE PROGRAMMING SPACES, THE LIVE ROOM AND DJ2 BROADCAST STUDIO, DUE TO SEATTLE CENTER ARENA CONSTRUCTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Mara President/ceo | Officer | 40 | $197,715 |
John Richards Director Of Programming | 40 | $194,162 | |
Ethan Raup Chief Operating Officer | Officer | 40 | $158,981 |
Tom Smith Director Of Strategic Relations And Business Devel | 40 | $157,208 | |
Robert Bender Associate Director Of Business Support | 40 | $141,636 | |
Christopher Kellogg Chief Programming Officer | Officer | 40 | $140,289 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sellen Construction Facility Construction | 12/30/19 | $333,309 |
Utter Associates Information Technology | 12/30/19 | $144,926 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,050,778 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,466,222 |
| Noncash contributions included in lines 1a–1f | $963,367 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,517,000 |
| Total Program Service Revenue | $9,446 |
| Investment income | $358,825 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $584,152 |
| Net Rental Income | -$337 |
| Net Gain/Loss on Asset Sales | $1,828,864 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,424,316 |
| 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. | $1,502,537 |
| Compensation of current officers, directors, key employees. | $26,331 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,935,997 |
| Pension plan accruals and contributions | $337,972 |
| Other employee benefits | $847,451 |
| Payroll taxes | $408,739 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $39,841 |
| Fees for services: Accounting | $19,851 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $61,505 |
| Fees for services: Other | $419,076 |
| Advertising and promotion | $5,114 |
| Office expenses | $407,827 |
| Information technology | $619,906 |
| Royalties | $0 |
| Occupancy | $153,562 |
| Travel | $3,722 |
| 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 | $1,292,827 |
| Insurance | $41,107 |
| All other expenses | $83,710 |
| Total functional expenses | $11,625,171 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,985,816 |
| Savings and temporary cash investments | $504,523 |
| Pledges and grants receivable | $423,056 |
| Accounts receivable, net | $663,760 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $21,144 |
| Prepaid expenses and deferred charges | $423,183 |
| Net Land, buildings, and equipment | $5,145,373 |
| Investments—publicly traded securities | $16,608,756 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $3,885,487 |
| Other assets | $0 |
| Total assets | $29,661,098 |
| Accounts payable and accrued expenses | $1,102,239 |
| Grants payable | $0 |
| Deferred revenue | $125,435 |
| 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 | $1,101,370 |
| Total liabilities | $2,329,044 |
| Net assets without donor restrictions | $26,916,463 |
| Net assets with donor restrictions | $415,591 |
| 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 | $29,661,098 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Friends Of Kexp has recieved totaling $310.
| Awarding Organization | Amount |
|---|---|
Colovos Family Charitable Foundation Inc Chicago, IL PURPOSE: GENERAL | $310 |
Endowment Analysis
| Beg. Balance | $12,081,413 |
| Earnings | $1,398,645 |
| Admin Expense | $60,553 |
| Net Contributions | $3,189,251 |
| Ending Balance | $16,608,756 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Stand For Children Leadership Center Portland, OR | $49,704,888 | $40,592,191 |
Friends Of Kexp Seattle, WA | $29,661,098 | $14,424,316 |
Skagit Gleaners Mount Vernon, WA | $1,099,319 | $4,011,965 |
Siff Seattle, WA | $8,790,308 | $6,032,606 |
Homewood Corporation Milwaukie, OR | $6,584,808 | $3,048,187 |
Providence Heights Fka The Purpose Bellevue, WA | $466,267 | $1,310,046 |
Camp Tamarack Bend, OR | $692,255 | $1,157,688 |
West Seattle Helpline Seattle, WA | $0 | $474,328 |
Toy And Joymakers Program Portland Bureau Of Fire Portland, OR | $1,303,587 | $660,877 |
Wa Sang Foundation Seattle, WA | $3,494,140 | $620,068 |
One Roof Foundation Seattle, WA | $48,330 | $573,451 |
Restore Assemble Produce Kent, WA | $104,313 | $484,364 |