2022-05-16T13:50:51-05:00 2021-06-30 561434747 GREERWALKER LLP 227 WEST TRADE ST SUITE 1100 CHARLOTTE NC 28202 990 2020-07-01 561803808 UNIVERSITY RADIO FOUNDATION INC UNIV 7045499323 8801 JM KEYNES DR CHARLOTTE NC 28262 H JOSEPH O'CONNOR PRESIDENT 7045499323 2022-05-16 1 H JOSEPH OCONNOR 999009999 PAULA P TILLEY P00051456 7043770239 2022-05-16 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z WFAE 907 H JOSEPH O'CONNOR 8801 JM KEYNES DR CHARLOTTE NC 28262 9306165 0 X WWW.WFAE.ORG X 1993 NC JOURNALISM THAT INFORMS, ENRICHES, AND INSPIRES. OUR VISION IS TO HELP CREATE A MORE KNOWLEDGEABLE AND ENGAGED COMMUNITY GROUNDED IN OUR SHARED HUMANITY. 22 21 52 43 0 0 7233837 7771239 0 0 117754 432934 31685 294603 7383276 8498776 0 0 0 0 3662542 4132274 865332 817368 1893142 2649233 2473569 7177107 7423211 206169 1075565 7638876 8466410 1316520 894313 6322356 7572097 X JOURNALISM THAT INFORMS, ENRICHES, AND INSPIRES. OUR VISION IS TO HELP CREATE A MORE KNOWLEDGEABLE AND ENGAGED COMMUNITY GROUNDED IN OUR SHARED HUMANITY. 0 0 3525308 IN FY21, THE PANDEMIC RAGED ON, AS DID THE POLITICAL AND SOCIAL UNREST THROUGHOUT OUR NATION. POLITICAL RANCOR, RACIAL DIVISION AND PANDEMIC DISTANCING HAVE PHYSICALLY AND PSYCHOLOGICALLY PULLED AMERICANS APART. DURING TIMES OF SOCIAL UPHEAVAL, AND WHEN MISINFORMATION IS RAMPANT, LIVES DEPEND ON RELIABLE FACTS. WFAE MORE THAN MET THE CHALLENGES OF 2021 AND THE STATION'S LISTENERS SHOWED IMMENSE APPRECIATION FOR THE NEWS SOURCE THEY TRUSTED, HELPING WFAE REACH ITS SIXTH CONSECUTIVE YEAR OF RECORD FUNDRAISING. THESE DONATIONS GAVE BEEN REINVESTED IN WFAE TO GROW AND DIVERSIFY OUR NEWSROOM AND STAFF. WFAE HAS DOUBLED THE NUMBER OF POSITIONS SINCE 2015 AND CONTINUES TO GROW.WHEN THE FISCAL YEAR BEGAN, THE WFAE NEWSROOM AND BUSINESS OFFICE CONTINUED TO OPERATE REMOTELY. WITH LITTLE DISRUPTION IN SERVICE, THE QUALITY OF THE REPORTING NEVER DIMINISHED. WFAE CONTINUES TO FOCUS ON CREATING A DIVERSE NEWSROOM, COVERING DIVERSE COMMUNITIES, AND ENSURING THAT A DIVERSITY OF THOUGHT IS REPRESENTED IN THE STORIES WE TELL. WFAE PROUDLY BOASTS ONE OF THE HIGHEST PERCENTAGES OF AFRICAN AMERICAN LISTENERS OF ALL NPR NEWS STATIONS. RECOGNIZING THAT THERE IS STILL MUCH WORK TO BE DONE TO BETTER REPRESENT OUR COMMUNITY, WE CREATED THE RACE & EQUITY TEAM. THIS GROUP OF CULTURALLY COMPETENT JOURNALISTS IS WORKING ACROSS THE NEWSROOM TO ENSURE THAT ALL OF OUR COVERAGE IS DEEPENED THROUGH THE EXPERIENCE OF DIVERSITY.PROGRAMMING HIGHLIGHTS -- EVERY MEMBER OF WFAE'S REPORTING AND PRODUCTION TEAM PLAYED A KEY ROLE IN PRESENTING THE NEWS IN THIS HISTORIC YEAR. THE FOLLOWING DETAILS JUST SOME OF THEIR EXCEPTIONAL WORK:REPORTER SARAH DELIA CONTINUED A SERIES OF INTIMATE CONVERSATIONS WITH CHARLOTTEANS NAVIGATING THE PANDEMIC CRISIS. THE SERIES WAS APTLY TITLED SOCIAL DISTANCING.AS SCHOOLS CLOSED, WENT TO VIRTUAL LEARNING, RE-OPENED AND IN SOME CASES, RE-CLOSED, EDUCATION REPORTER ANN DOSS HELMS' REPORT CONTINUED TO BE REQUIRED READING FOR CMS PARENTS.WFAE'S LONG-RUNNING WEEKDAY PROGRAM CHARLOTTE TALKS CONTINUED THEIR AWARD WINNING SERIES WITH WEEKLY POLITICAL DISCUSSIONS, LOCAL NEWS ROUND-TABLE DISCUSSIONS, AND MONTHLY INTERVIEWS WITH CHARLOTTE'S MAYOR, VI LYLES.WFAE CONTINUED ITS SERIES FINDING HOME, WHICH EXAMINED ISSUES OF HOUSING IN THE REGION. THE ACCLAIMED SERIES WORKED TO DETAIL THE SCOPE OF THE PROBLEM WHILE ALSO SEEKING AND EVALUATING SOLUTIONS. COVID, OF COURSE, FACTORED HEAVILY INTO FINDING HOME STORIES IN FY21. CLIMATE REPORTER DAVID BORAKS SHARED THE STORY OF ASBESTOS PITS IN DAVIDSON. HE ALSO PROVIDED A WIDE RANGE OF COVERAGE OF THE CLIMATE CRISIS AND HOW IT IS PLAYING OUT IN CHARLOTTE AND ACROSS NORTH CAROLINA. PODCAST MANAGER/HOST JONI DEUTSCH'S AMPLIFIER PODCAST AND HER LIVE LUNCH HOUR CONCERTS WITH LOCAL MUSICIANS GAVE A NEEDED CONNECTIN TO THE ARTS AND MUSIC WHILE WE SOCIAL DISTANCED AND STAYED HOME. BUILDING ON THE SUCCESS OF 2018'S QUEEN CITY PODQUEST, DEUTSCH ALSO OVERSAW THE LAUNCH OF THE QUEEN CITY PODCAST ACADEMY IN PARTNERSHIP WITH THE CHARLOTTE MECKLENBURG LIBRARY. WFAE OFFERED FREE "PODCASTING 101" CLASSES FOR APPROXIMATELY 500 STUDENTS, WITH 30 PROCEEDING TO THE QUEEN CITY PODQUEST ACADEMY FOR IN-DEPTH LESSONS ON PODCAST PRODUCTION, MARKETING, MONETIZATION AND BEYOND. THE COMMUNITY WAS CLEARLY HUNGRY FOR MORE PODCASTING LESSONS. WFAE/DEUTSCH CO-HOSTED THE CHARLOTTE PODCAST FESTIVAL IN OCTOBER OF 2020 WITH BLUMENTHAL PERFORMING ARTS, THE QUEEN CITY PODCAST NETWORK AND ECLECS. THE FULLY VIRTUAL EVENT FEATURED 40 SESSIONS AND DREW MORE THAN 13,000 REGISTRANTS FROM AROUND THE WORLD. AS THIS 990 REPORT HIGHLIGHTS, WFAE'S LISTENERS RESPONDED GENEROUSLY TO THE STATION'S EFFORTS. WITH $8.1M RAISED, THIS MARKS THE SIXTH CONSECUTIVE YEAR OF RECORD REVENUE NUMBERS FOR THE STATION. THIS GROWTH WAS DRIVEN IN LARGE PART BY LISTENER CONTRIBUTIONS AS THE STATION REACHED A NEW HIGH OF MORE THAN 24,000 CONTRIBUTORS. WFAE CELEBRATED ITS 40TH ANNIVERSARY AS AN NPR STATION ON JUNE 20, 2021. 434621 26091 BROADCASTING AND ENGINEERING - EXPENSES ASSOCIATED WITH BROADCAST STUDIOS, TRANSMITTERS, TOWERS, AND ANTENNAS, ENGINEER, IP INTERCONNECTS, SATELLITE FACILITIES, UTILITIES, REPAIR AND MAINTENANCE COSTS FOR STUDIOS, TRANSMITTERS, TOWERS, AND ANTENNAS. 452639 PROGRAM INFORMATION - PROMOTION AND OUTREACH ACTIVITIES TO INFORM THE COMMUNITY OF LOCAL NEWS AND EVENTS OF INTEREST TO OUR LISTENERS. COSTS ASSOCIATED WITH HOSTING FORUMS, BRINGING IN PUBLIC RADIO PERSONALITIES TO SPEAK AND OTHER COSTS ASSOCIATED WITH INFORMING OUR LISTENERS BY NEWSLETTERS, E-BLASTS, OUTREACH MATERIALS. 4412568 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 33 0 52 1 0 0 0 0 0 1 1 1 1 0 0 1 0 0 0 X 22 21 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 SC X X DOUGLAS HANDY 7049264067 8801 JM KEYNES DR SUITE 91 CHARLOTTE NC 28262 RICHARD LANCASTER BOARD CHAIR AND TREASURER 2020 AND 2021 4.00 X X 0 0 0 NICK WHARTON BOARD VICE CHAIR 2020 AND 2021 4.00 X X 0 0 0 MOIRA LOCASCIO SECRETARY 2020 4.00 X X 0 0 0 ANGELA OLIVER SECRETARY 2020 AND 2021 4.00 X X 0 0 0 ANASA SINEGAL BOARD MEMBER 2020 AND 2021 1.00 X 0 0 0 GLENN STEWART BOARD MEMBER 2020 AND 2021 1.00 X 0 0 0 MEG WHALEN BOARD MEMBER 2020 AND 2021 1.00 X 0 0 0 CAROLYN SHAW BOARD MEMBER 2020 AND 2021 1.00 X 0 0 0 MARK ETHRIDGE BOARD MEMBER 2020 AND 2021 1.00 X 0 0 0 D SCOTT ANDERSON BOARD MEMBER 2020 1.00 X 0 0 0 CHARLES JOHNSON BOARD MEMBER 2020 AND 2021 1.00 X 0 0 0 DAN CLODFELTER BOARD MEMBER 2020 AND 2021 1.00 X 0 0 0 DEBRA TURNER BAILEY BOARD MEMBER 2020 AND 2021 1.00 X 0 0 0 RIAZ BHAMANI BOARD MEMBER 2020 AND 2021 1.00 X 0 0 0 MARY TABOR ENGEL BOARD MEMBER 2020 AND 2021 1.00 X 0 0 0 SHARON BLALOCK BOARD MEMBER 2020 AND 2021 1.00 X 0 0 0 GABRIELLA D CHAPMAN BOARD MEMBER 2020 1.00 X 0 0 0 DICK SESLER BOARD MEMBER 2020 AND 2021 1.00 X 0 0 0 JOSE VEGA BOARD MEMBER 2020 AND 2021 1.00 X 0 0 0 GENE COCHRANE BOARD MEMBER 2020 AND 2021 1.00 X 0 0 0 DIANA QUARRY BOARD MEMBER 2020 AND 2021 1.00 X 0 0 0 KATHLEEN PRICE BOARD MEMBER 2020 AND 2021 1.00 X 0 0 0 CHRIS CICOLETTI BOARD MEMBER 2020 AND 2021 1.00 X 0 0 0 PAUL FREESTONE BOARD MEMBER 2020 AND 2021 1.00 X 0 0 0 MATTHEW SOCHA BOARD MEMBER 2020 AND 2021 1.00 X 0 0 0 TONY NORWOOD BOARD MEMBER 2020 AND 2021 1.00 X 0 0 0 H JOSEPH O' CONNOR PRESIDENT AND CEO 50.00 X X 232195 0 20574 TANYA DEGRACE CHIEF OPERATING AND FINANCIAL OFFICER - INCOMING 50.00 X 80777 0 12216 JEAN ZOUTEWELLE CHIEF OPERATING AND FINANCIAL OFFICER - OUTGOING 50.00 X 130983 0 14576 JU-DON MARSHALL CHIEF CONTENT OFFICER 50.00 X 142358 0 16236 JOBIE SPRINKLE DIRECTOR OF IT/ENGINEERING 50.00 X 109116 0 13899 ROBERT KOCH DIRECTOR OF DEVELOPMENT 50.00 X 103102 0 13328 JEFF BUNDY EXECUTIVE DIRECTOR OF BRANDING AND ENGAGEMENT 50.00 X 145713 0 16092 944244 0 106921 6 0 1 0 MARKET ENGINUITY 3131 E CLARENDON AVE STE 105 PHOENIX AZ 85016 UNDERWRITING SALES - OUTSOURCED 577595 ALLEGIANCE FUNDRAISING LLC PO BOX 9312 FARGO ND 58106 MAIL SOLICITATION 200929 2 57156 979737 6734346 130577 7771239 93561 93561 16227 0 16227 16227 16227 1114427 773167 1887 341260 -1887 339373 339373 0 57156 32335 -32335 -32335 DATA CHANNELS 519100 310706 310706 MISCELLANEOUS REVENUE 900099 5 5 310711 8498776 310711 0 416826 425589 130923 227921 66745 3043079 2112662 563938 366479 141995 97213 26146 18636 273164 205820 41855 25489 248447 168399 48354 31694 19940 14940 5000 12597 12597 22078 22078 817368 817368 14800 14800 146258 127897 18361 93216 18568 74648 7283 3106 2643 1534 154389 96981 9315 48093 401633 283867 49512 68254 22608 6813 14355 1440 28456 7314 20139 1003 110000 105140 2766 2094 54574 32297 14993 7284 PROGRAM FEES 878103 878103 BAD DEBT 161772 161772 DUES AND SUBSCRIPTIONS 112858 76765 25742 10351 BANK AND TRANSACTION FE 104566 285 4467 99814 128438 60415 940 67083 7423211 4412568 1117501 1893142 1414863 1483487 254246 542156 1227923 1166646 205266 188561 95209 127444 2732921 2339603 458756 393318 3975116 4552805 7497 11993 7638876 8466410 338157 434445 321412 416953 656951 42915 1316520 894313 X 4915627 6161470 1406729 1410627 6322356 7572097 7638876 8466410 1075565 158761 15415 0 X X 0 1 X 1 0 X 5851342 6536262 6915759 7259833 7771239 34334435 5851342 6536262 6915759 7259833 7771239 34334435 34334435 133608 161617 159283 131891 109788 696187 35030622 350295 0.98010 0.97710 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 28432 28432 72017 72017 0 104096 99644 4452 2208872 1853538 355334 319504 314404 5100 393318 X 8802886 158761 125929 34220 318910 8483976 14800 14800 8498776 7553143 110512 34220 144732 7408411 14800 14800 7423211 PART X, LINE 2: THE ORGANIZATION IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND, THEREFORE, NO PROVISION FOR INCOME TAXES HAS BEEN RECOGNIZED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE ORGANIZATION RECORDS LIABILITIES FOR INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN WHEN THOSE POSITIONS ARE DEEMED UNCERTAIN TO BE UPHELD IN AN EXAMINATION BY TAXING AUTHORITIES. NO LIABILITIES FOR UNCERTAIN INCOME TAX POSITIONS WERE RECORDED AS OF JUNE 30, 2021 AND 2020. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES 32,334. LOSS ON SALE OF ASSETS 1,886. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES 32,334. LOSS ON SALE OF ASSETS 1,886. X X X X X 1 MARKET ENGINUITY 3131 E CLARENDON AVE STE 105 PHOENIX AZ 85016 UNDERWRITING 0 1898414 653367 1245047 ALLEGIANCE FUNDRAISING LLC PO BOX 9132 FARGO ND 58106 MAIL SOLICITATIONS 0 357689 123485 234205 FALCON FUNDRAISING INCORPORATED 1690 WATERTOWER PLACE SUITE 400A EAST LANSING MI 48823 TELEMARKETING 0 124900 35854 89046 2381003 812706 1568298 NC SC GALA 31120 31120 11413 16260 CHARLOTTE WALKS 13000 13000 87 5 13036 13036 4575 57156 57156 11413 20922 32335 -32335 X X X X 0 0 0 0 0 0 0 0 0 H JOSEPH O' CONNOR PRESIDENT AND CEO 232195 0 0 0 0 0 12530 0 8044 0 252769 0 0 0 JEFF BUNDY EXECUTIVE DIRECTOR OF BRANDING AND E 145713 0 0 0 0 0 8465 0 7627 0 161805 0 0 0 JU-DON MARSHALL CHIEF CONTENT OFFICER 142358 0 0 0 0 0 8579 0 7657 0 158594 0 0 0 X 1 4238 FAIR MARKET VALUE X 22 92849 HIGH/LOW METHOD X FUNDRAISING SUPPLIES 4 26490 FAIR MARKET VALUE 0 1 1 PART I, LINE 32B: THE ORGANIZATION USES WELLS FARGO ADVISORS TO ACCEPT AND SELL DONATED PUBLICLY TRADED SECURITIES. FORM 990, PART VI, SECTION A, LINE 1 THE OFFICERS APPOINTED BY THE BOARD OF DIRECTORS, AS PROVIDED IN ARTICLE IV, SECTION 1, TOGETHER WITH THE PRESIDENT AND CEO, SHALL CONSTITUTE THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS AND SHALL HAVE AND EXERCISE THE AUTHORITY OF THE BOARD OF DIRECTORS IN THE MANAGEMENT OF THE BUSINESS OF THE FOUNDATION BETWEEN THE MEETINGS OF THE BOARD, SUBJECT TO THE LIMITATIONS ON COMMITTEE AUTHORITY SET FORTH IN CHAPTER 55A. FORM 990, PART VI, SECTION B, LINE 11B THE RETURN WAS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM WITH ASSISTANCE AND OVERSIGHT BY MANAGEMENT. UPON COMPLETION AND REVIEW BY MANAGEMENT, THE FORM 990 IS EMAILED TO EACH BOARD MEMBER AND THE AUDIT/FINANCE COMMITTEE APPROVES THE FORM BEFORE FILING THE FORM 990 WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C A SIGNED CONFLICT OF INTEREST STATEMENT IS REQUIRED FROM EACH MEMBER OF THE BOARD OF DIRECTORS ANNUALLY. THE SIGNED STATEMENTS ARE MONITORED AND FILED BY THE CEO'S EXECUTIVE ASSISTANT. THE CEO'S EXECUTIVE ASSISTANT INFORMS THE PRESIDENT AND CEO AND THE GOVERNANCE COMMITTEE CHAIR IF A STATEMENT IS NOT RECEIVED. THE CHIEF OPERATING AND FINANCIAL OFFICER AND THE PRESIDENT AND CEO MONITOR ALL OF THE FINANCIAL TRANSACTIONS, CONTRACTS, AND CONTRIBUTORS. THE GOVERNANCE COMMITTEE AND AUDIT COMMITTEE ARE NOTIFIED IF A CONFLICT IS NOTED. AN UNSIGNED STATEMENT IS CAUSE FOR REMOVAL FROM THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION FOR THE PRESIDENT AND CEO OF UNIVERSITY RADIO FOUNDATION, INC (WFAE) IS DETERMINED BY THE EXECUTIVE COMMITTEE AFTER RECEIVING A RECOMMENDATION FROM THE COMPENSATION COMMITTEE. THE COMPENSATION POLICY INCLUDES AN ANNUAL PERFORMANCE BASED EVALUATION. THE COMPENSATION COMMITTEE POSITIONS TOTAL COMPENSATION COMPARABLE TO A SURVEY PRODUCED BY THE CORPORATION FOR PUBLIC BROADCASTING THAT IS REPRESENTATIVE OF NON-PROFIT BROADCASTING ORGANIZATIONS WITH SIMILAR MARKET SIZE AND OWNERSHIP. COMPENSATION FOR SENIOR STAFF IS DETERMINED BY A PERFORMANCE BASED EVALUATION CONDUCTED BY THE PRESIDENT AND CEO. FORM 990, PART VI, SECTION C, LINE 18 DOCUMENTS ARE AVAILABLE AT WFAE.ORG AND ARE AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE AT WFAE.ORG AND ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.