Friends Of Fm 90
- Assets
- $1.9m
- Revenue
- $187.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Sioux City, IA
- Founding
- 05/1977
- Data as of
- 06/2022
- EIN
- 42-1087615
Organization Overview
Friends Of Fm 90 is located in Sioux City, IA. The organization was established in 1977. According to its NTEE Classification (A34) the organization is classified as: Radio, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of FM 90 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, Friends Of FM 90 generated $187.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $176.1k during the year ending 06/2022. 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:
Part 3 - Line 1
SUPPORT OF PUBLIC BROADCASTING RADIO STATION KWIT-90.3 FM
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT OF PUBLIC BROADCASTING RADIO STATION FM-90 KWIT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gwyneth Gray Secretary | OfficerTrustee | 5 | $0 |
Steven Postolka President | OfficerTrustee | 5 | $0 |
Greg Giles Treasurer | OfficerTrustee | 5 | $0 |
Susan Sorenson Vice President | OfficerTrustee | 5 | $0 |
Shelby Pierce Director | Trustee | 1 | $0 |
Perla Alarcon-Flory Director | Trustee | 1 | $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 | $141,715 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $141,715 |
| Total Program Service Revenue | $0 |
| Investment income | $43,668 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,174 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $187,557 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $119,132 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,410 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $176,097 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $54,839 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,839,421 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,894,260 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| 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 | $1,894,260 |
| Total liabilities and net assets/fund balances | $1,894,260 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Friends Of Fm 90 has recieved totaling $200.
| Awarding Organization | Amount |
|---|---|
Berenstein Family Foundation Sioux City, IA PURPOSE: UNRESTRICTED | $200 |
Endowment Analysis
| Beg. Balance | $2,103,652 |
| Earnings | -$250,821 |
| Admin Expense | $13,410 |
| Ending Balance | $1,839,421 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chicago Public Media Inc Chicago, IL | $91,335,229 | $32,290,439 |
Public Radio International Inc Minneapolis, MN | $12,682,177 | $6,196,904 |
Wisconsin Public Radio Association Inc Madison, WI | $11,978,603 | $13,336,665 |
Epoch Media Midwest Chicago, IL | $2,954,210 | $7,040,924 |
Radio Milwaukee Inc Milwaukee, WI | $5,388,772 | $3,567,376 |
Ksmq Public Service Media Inc Austin, MN | $4,584,399 | $2,516,403 |
Net Foundation For Radio Lincoln, NE | $0 | $2,138,991 |
Association Of Minnesota Public Educational Radio Stations Inc St Paul, MN | $735,621 | $1,707,372 |
Northern Community Radio Grand Rapids, MN | $2,309,973 | $1,543,476 |
Cook County Community Radio Grand Marais, MN | $998,081 | $906,306 |
Back Porch Radio Broadcasting Inc Wort Radio Madison, WI | $793,221 | $924,594 |
Fresh Air Inc Minneapolis, MN | $1,090,041 | $1,240,335 |