Kcrw Foundation Inc
- Assets
- $52.5m
- Revenue
- $23.9m
- Investments
- $0.0
- Employees
- 176
- Location
- Santa Monica, CA
- Founding
- 08/1982
- Data as of
- 06/2022
- EIN
- 95-3750631
Organization Overview
Kcrw Foundation Inc is located in Santa Monica, CA. The organization was established in 1982. According to its NTEE Classification (O53) the organization is classified as: Youth Development - Business, under the broad grouping of Youth Development and related organizations. As of 06/2022, Kcrw Foundation Inc employed 176 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kcrw Foundation 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 06/2022, Kcrw Foundation Inc generated $23.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $21.7m during the year ending 06/2022. While expenses have increased by 3.4% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
DELIVER IN INNOVATIVE WAYS ON THE RADIO, DIGITALLY & IN PERSON TO DIVERSE, CURIOUS COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAMMING AND PRODUCTIONKCRW PRODUCES UNIQUE PROGRAMMING THAT REFLECTS KCRW'S MISSION AND VALUES.
PROGRAM INFORMATION AND PROMOTIONKCRW'S OUTREACH TO THE COMMUNITY, MARKETING AND COMMUNICATION ARM.
BROADCASTING AND ENGINEERING TECHNICAL ENGINEERING AND MAINTENANCE OF KCRW'S EQUIPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Madeleine Brand Program Host | 40 | $224,613 | |
Jill Smayo Chief Operating Officer | Officer | 40 | $201,061 |
Natalie Kyriakoudis Chief Financial Officer | Officer | 40 | $182,392 |
Paul Bennun Chief Content Officer | 40 | $166,912 | |
Ashkon Batmanghelich Senior Systems Engineer | 40 | $149,433 | |
Anne Litt Music Director | 40 | $145,010 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Able Llc Digital Product Strategy And Development | 6/29/22 | $360,000 |
Streamguys Inc Streaming Services | 6/29/22 | $283,926 |
Albie Productions Llc Program Contributor | 6/29/22 | $184,155 |
Greenberg Glusker Llp Legal Services | 6/29/22 | $141,151 |
Market Enginuity Underwriting Procurement | 6/29/22 | $2,532,563 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $9,564,796 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $656,349 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,569,361 |
| Noncash contributions included in lines 1a–1f | $1,842,972 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,790,506 |
| Total Program Service Revenue | $0 |
| Investment income | $1,044,806 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $50,596 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $13,539 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,901,680 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $30,000 |
| 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. | $564,697 |
| Compensation of current officers, directors, key employees. | $97,411 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,181,406 |
| Pension plan accruals and contributions | $192,971 |
| Other employee benefits | $1,021,063 |
| Payroll taxes | $744,020 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $192,080 |
| Fees for services: Accounting | $59,831 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $3,005,692 |
| Fees for services: Investment Management | $42,070 |
| Fees for services: Other | $1,440,352 |
| Advertising and promotion | $929,782 |
| Office expenses | $916,475 |
| Information technology | $1,919,521 |
| Royalties | $0 |
| Occupancy | $477,267 |
| Travel | $19,846 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $76,450 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $121,032 |
| All other expenses | $142,769 |
| Total functional expenses | $21,710,852 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,800,297 |
| Savings and temporary cash investments | $626,925 |
| Pledges and grants receivable | $4,311,901 |
| 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 | $349,128 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $39,381,853 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $60,649 |
| Total assets | $52,530,753 |
| Accounts payable and accrued expenses | $2,428,112 |
| 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 | $2,428,112 |
| Net assets without donor restrictions | $42,753,536 |
| Net assets with donor restrictions | $7,349,105 |
| 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 | $52,530,753 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Kcrw Foundation Inc has recieved totaling $12,000.
| Awarding Organization | Amount |
|---|---|
Mar Vista Charitable Foundation Minnetonka, MN PURPOSE: SUPPORT OF PUBLIC PROGRAMS | $12,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Homeboy Industries Los Angeles, CA | $59,123,075 | $52,322,011 |
Kcrw Foundation Inc Santa Monica, CA | $52,530,753 | $23,901,680 |
Tucson Youth Development Inc Tucson, AZ | $5,641,568 | $6,561,582 |
Enterprise For Youth San Francisco, CA | $1,761,578 | $2,844,856 |
Old Skool Cafe San Francisco, CA | $2,420,596 | $2,414,498 |
Girls Build Portland, OR | $653,032 | $916,642 |
Film2future Inc Los Angeles, CA | $559,202 | $562,765 |
Junior Achievement Of Northern Nevada Inc Reno, NV | $198,342 | $277,581 |
Jews For Entrepreneurship Organization Inc San Francisco, CA | $332,175 | $480,633 |
The Realreal Foundation San Francisco, CA | $2,995,705 | $1,897 |
Five Buckets Four Shovels Foundation San Francisco, CA | $195,617 | $0 |
Orange County Education And Research Institute Irvine, CA | $172,025 | $0 |