Kute Inc
- Assets
- $2.5m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 20
- Location
- Ignacio, CO
- Founding
- 03/1986
- Data as of
- 09/2023
- EIN
- 74-2392817
Organization Overview
Kute Inc is located in Ignacio, CO. The organization was established in 1986. 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 09/2023, Kute Inc employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kute 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 09/2023, Kute Inc generated $2.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.0% each year . All expenses for the organization totaled $2.9m during the year ending 09/2023. While expenses have increased by 12.0% per year over the past 8 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
KUTE OPERATES AS A PUBLIC BROADCASTING ORGANIZATION THAT SERVES THE FOUR STATES OF THE FOUR CORNERS REGION THROUGH A NETWORK OF EIGHT FEDERAL COMMUNICATIONS COMMISSION (FCC) LICENSED TRANSMITTERS AND FIVE FCC LICENSED TRANSLATORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
KUTE OPERATES A NON-COMMERCIAL, EDUCATIONAL RADIO STATION WHICH PROMOTES A COMMUNITY INTEREST AND A CULTURAL OUTLET FOR THE SOUTHERN UTE INDIAN TRIBE AND SERVES AS A FULL SERVICE PUBLIC RADIO STATION IN THE FOUR CORNERS AREA.
KSUT HOLDS A FESTIVAL SHOWCASING A WIDE RANGE OF MUSICIANS AND CONCERTS IN THE SUMMER TO ENRICH THE COMMUNITY WITH DIVERISTY AND CULTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tami Graham Executive Dir. | Officer | 40 | $67,881 |
Mike May Treasurer | OfficerTrustee | 2 | $0 |
Eddie Box Jr Director | Trustee | 2 | $0 |
Wade Griffith Director | Trustee | 2 | $0 |
Robert Bricca President | OfficerTrustee | 2 | $0 |
Robert Ortiz Vice President | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jaynes Corporation Of Colorado Construction | 9/29/20 | $825,984 |
National Public Radio Inc Programming | 9/29/20 | $129,331 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $258,184 |
| All other contributions, gifts, grants, and similar amounts not included above | $790,106 |
| Noncash contributions included in lines 1a–1f | $68,638 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,048,290 |
| Total Program Service Revenue | $1,150,995 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $32,426 |
| 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 | $2,259,801 |
| 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. | $72,134 |
| Compensation of current officers, directors, key employees. | $46,888 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $663,412 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $264,802 |
| Payroll taxes | $56,778 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,500 |
| Fees for services: Accounting | $25,057 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $129,046 |
| Advertising and promotion | $42,670 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $159,229 |
| Travel | $99,608 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,579 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $276,181 |
| Insurance | $27,464 |
| All other expenses | $369,660 |
| Total functional expenses | $2,883,665 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,300 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $10,521 |
| Accounts receivable, net | $51,936 |
| 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 | $42,020 |
| Net Land, buildings, and equipment | $2,032,641 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $303,404 |
| Total assets | $2,457,822 |
| Accounts payable and accrued expenses | $174,198 |
| Grants payable | $0 |
| Deferred revenue | $77,724 |
| 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 | $174,963 |
| Unsecured mortgages and notes payable | $5,000 |
| Other liabilities | $343,349 |
| Total liabilities | $775,234 |
| Net assets without donor restrictions | $1,662,817 |
| Net assets with donor restrictions | $19,771 |
| 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 | $2,457,822 |