2020-04-03T12:51:00-05:00 2019-06-30 561434747 GREERWALKER LLP 227 WEST TRADE ST SUITE 1100 CHARLOTTE NC 28202 990 2018-07-01 561803808 UNIVERSITY RADIO FOUNDATION INC UNIV 7045499323 8801 JM KEYNES DR CHARLOTTE NC 28262 H JOSEPH O'CONNOR PRESIDENT 7045499323 2020-03-18 1 PAULA P TILLEY P00051456 7043770239 2020-03-18 66.77.128.118 2020-03-18 15:32:07 ED P F72D11A721246CFAD378202D982AB19C78301A5C B4C0BB599B5AC8581C7705267BA918EB55A92F4D 2018 2021-01-29 14:40:06Z WFAE-FM H JOSEPH O'CONNOR 8801 JM KEYNES DR CHARLOTTE NC 28262 8212494 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 32 0 0 6536262 6838229 0 0 263558 356210 49540 136323 6849360 7330762 0 0 0 0 3036456 3489565 798837 803830 2192035 2986476 2730300 6821769 7023695 27591 307067 6394390 6552368 502157 468720 5892233 6083648 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 3075005 IN FY19, WFAE NOTCHED SIGNIFICANT MILESTONES ON ITS WAY TO LOCKING IN ITS ROLE AS THE GO-TO SOURCE OF JOURNALISM, INFORMATION AND CONVERSATION IN THE CHARLOTTE REGION. IT BECAME CLEAR IN FY19 THAT WFAE REPRESENTS MORE THAN A TERRESTRIAL RADIO STATION FOR CHARLOTTE AND ITS SURROUNDING REGION. IT STAKED STRONG CLAIMS TO BEING THE GO-TO SOURCE OF JOURNALISM, INFORMATION AND CONVERSATION IN THE CHARLOTTE REGION. THE STATION BECAME A HUB FOR BREAKING NEWS VIA THE WORK OF THE STATION'S GROWING LOCAL NEWSROOM; AN INVESTIGATOR OF POLITICAL WRONGDOING AND THE MISSTEPS OF REGIONAL LEADERS; A FORUM FOR NUANCED EXPLORATIONS OF SUCH DIFFICULT LOCAL TOPICS AS AFFORDABLE HOUSING, HOMICIDES AND SEXUAL ASSAULT; A FACILITATOR FOR COMMUNITY CONVERSATION AND INTERACTION ON AIR, ONLINE AND IN-PERSON; A DESIRED DESTINATION FOR SOME OF THE REGION'S BEST JOURNALISTS; AN IDENTIFIER OF COMMUNITY ASSETS - ESPECIALLY IN THE LOCAL MUSIC ECOSYSTEM - THAT DESERVE TO BE VALIDATED AND CELEBRATED; AND AN INNOVATOR IN PODCASTING, COMMUNITY ENGAGEMENT AND PRODUCTION.IN TRACKING METRICS, WFAE'S DIGITAL GROWTH HAS BEEN SKYROCKETING WITH WFAE.ORG USERS UP 146 PERCENT OVER FY18. WFAE PLACED IN THE TOP 20 OF ALL NPR STATIONS IN SEVERAL BENCHMARKS FOR DIGITAL GROWTH. IN PART, ITS DIGITAL AUDIENCE WAS SEEDED BY ITS POPULAR ROSTER OF PODCASTS, AMPLIFIER, CHARLOTTE TALKS, SOUTHBOUND, FAQ CITY AND SHE SAYS. THE STATION'S DIGITAL GROWTH CAME WHILE THE ORGANIZATION CONTINUED TO SERVE THE CHARLOTTE COMMUNITY WITH THEIR RENOWNED DAILY LOCAL NEWS SERVICE, AS WELL AS THE BEST PROGRAMMING FROM NPR, THE BBC, APM AND OTHER CONTACT PARTNERS AROUND THE WORLD.WFAE'S WEEKDAY PROGRAM, "CHARLOTTE TALKS" CONTINUES TO BE WHERE CHARLOTTEANS GO TO STAY ON TOP OF WHAT'S HAPPENING IN THE REGION WHETHER IT'S GROWTH, AFFORDABLE HOUSING, UPWARD MOBILITY, EDUCATION, CRIME, THE ARTS AND MORE. FOR ON-DEMAND LISTENERS, THE CHARLOTTE TALKS PODCAST REPEATEDLY RANKS IN THE TOP 25 IN PUBLIC RADIO STATION PODCASTS.THE STATION'S "SHE SAYS" PODCAST REACHED THE TOP 200 OF THE MORE THAN HALF-MILLION PODCASTS OFFERED BY ITUNES; AND THE "AMPLIFIER" PODCAST REACHED THE TOP 30 OF ALL MUSIC PODCASTS OFFERED BY ITUNES. WFAE'S FUNDRAISING TEAMS POSTED THEIR FOURTH CONSECUTIVE YEAR OF RECORD RESULTS. MEMBERSHIP SURPASSED A RECORD 21,000 CONTRIBUTORS, OF WHICH MORE THAN HALF CONTRIBUTE TO THE STATION AS SUSTAINERS, AND A NATIONALLY HIGH 32% OF SUSTAINING MEMBERS ARE UNDER 35 YEARS OLD. AS AUDIENCES RESPONDED POSITIVELY TO THESE ACCOMPLISHMENTS, SO TO DID PROFESSIONAL ORGANIZATIONS WHO HONORED WFAE WITH A RECORD NUMBER OF INDUSTRY AWARDS AND RECOGNITIONS IN FY19 INCLUDING:THREE EDWARD R. MURROW AWARDS, THREE CHARLOTTE MAGAZINE "BEST OF THE BEST" AWARDS AND TWO CREATIVE LOAFING CHARLOTTE "BEST OF" AWARDS. THE SHE SAYS PODCAST WAS HONORED WITH A GRACIE AWARD FOR SARAH DELIA. SHE SAYS WAS ALSO RECOGNIZED BY THE ONLINE JOURNALISM AWARDS AND WON A QUEEN CITY PR AWARD FROM THE CHARLOTTE CHAPTER OF PRSA. FAQ CITY HOST, NICK DE LA CANAL RECEIVED HEARKEN'S 2018 CHAMPIONS OF CURIOSITY AWARDS. AMPLIFIER HOST JONI DEUTSCH WAS A WEBBY AWARD HONOREE. DEUTSCH WAS ALSO RECOGNIZED BY THE UNITED WAY'S YOUNG LEADERS AWARDS AND WAS NAMED TO THE CHARLOTTE AGENDA'S 30 UNDER 30 LIST. WFAE'S SENIOR STAFF WAS HONORED WITH ELECTIONS TO MANY INDUSTRY BOARDS. CEO JOE O'CONNOR WAS ELECTED TO THE NPR BOARD OF DIRECTORS. CHIEF CONTENT OFFICER JU-DON MARSHALL WAS NAMED TO THE JOURNALISM ADVISORY COUNCIL OF THE RELIGION NEWS SERVICE AND THE ADVISORY BOARD FOR REPORT FOR AMERICA. EXECUTIVE DIRECTOR OF MARKETING & ENGAGEMENT, JEFF BUNDY WAS ELECTED TO THE BOARD OF PRADO (PUBLIC RADIO ASSOCIATION OF DEVELOPMENT OFFICERS). 399601 42957 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. 453208 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. 3927814 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 0 0 0 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 JEAN ZOUTEWELLE 7045499323 8801 JM KEYNES DR SUITE 91 CHARLOTTE NC 28262 ROSALYN ALLISON-JACOBS SECRETARY 2018 4.00 X X 0 0 0 ED WILLIAMS BOARD CHAIR 2018, BOARD MEMBER 2019 4.00 X X 0 0 0 RONALD LAMBERTH TREASURER 2018 4.00 X X 0 0 0 RICHARD LANCASTER BOARD MEMBER 2018, TREASURER 2019 4.00 X 0 0 0 MARK ETHRIDGE III VICE CHAIR 2018, BOARD CHAIR 2019 4.00 X X 0 0 0 MOIRA LOCASCIO BOARD MEMBER 2018, SECRETARY 2019 4.00 X X 0 0 0 NICK WHARTON BOARD MEMBER 2018, VICE CHAIR 2019 4.00 X 0 0 0 GLEN STEWART BOARD MEMBER 2018 AND 2019 1.00 X 0 0 0 MEG WHALEN BOARD MEMBER 2018 AND 2019 1.00 X 0 0 0 LINDA GREENWELL BOARD MEMBER 2018 1.00 X 0 0 0 CAROLYN SHAW BOARD MEMBER 2018 AND 2019 1.00 X 0 0 0 ANASA SINEGAL BOARD MEMBER 2018 AND 2019 1.00 X 0 0 0 D SCOTT ANDERSON BOARD MEMBER 2018 AND 2019 1.00 X 0 0 0 BILAU SOYLU BOARD MEMBER 2018 1.00 X 0 0 0 CHARLES JOHNSON BOARD MEMBER 2018 AND 2019 1.00 X 0 0 0 DAN CLODFELTER BOARD MEMBER 2018 AND 2019 1.00 X 0 0 0 COURTNEY STRIBLING BOARD MEMBER 2018 AND 2019 1.00 X 0 0 0 WALTER CLARK BOARD MEMBER 2018 AND 2019 1.00 X 0 0 0 ANGELA OLIVER BOARD MEMBER 2018 AND 2019 1.00 X 0 0 0 SHARON BLALOCK BOARD MEMBER 2018 AND 2019 1.00 X 0 0 0 MARY TABOR ENGEL BOARD MEMBER 2018 AND 2019 1.00 X 0 0 0 DICK SESLER BOARD MEMBER 2018 AND 2019 1.00 X 0 0 0 JOSE VEGA BOARD MEMBER 2019 1.00 X 0 0 0 GENE COCHRANE BOARD MEMBER 2019 1.00 X 0 0 0 GABRIELLA D CHAPMAN BOARD MEMBER 2019 1.00 X 0 0 0 H JOSEPH O' CONNOR PRESIDENT AND CEO 50.00 X X 218301 0 19036 JEAN ZOUTEWELLE CHIEF OPERATING AND FINANCIAL OFFICER 50.00 X 140776 0 15136 JEFF BUNDY EXECUTIVE DIRECTOR OF BRANDING AND ENGAGEMENT 50.00 X 137442 0 14802 JU-DON MARSHALL CHIEF CONTENT OFFICER 50.00 X 128987 0 12427 JOBIE SPRINKLE DIRECTOR OF IT/ENGINEERING 50.00 X 100232 0 12823 725738 0 74224 5 0 1 0 MARKET ENGINUITY 3131 E CLARENDON AVE STE 105 PHOENIX AZ 85016 UNDERWRITING SALES - OUTSOURCED 735788 WGBH EDUCATIONAL FOUNDATION PO BOX 414670 BOSTON MA 02241 MAIL SOLICITATION 207996 ALLEGIANCE FUNDRAISING LLC PO BOX 9312 FARGO ND 58106 MAIL SOLICITATION 129880 3 343490 6494739 120095 6838229 124907 124907 34376 0 34376 34376 34376 1025891 794246 342 231645 -342 231303 231303 180497 87144 93353 93353 DATA CHANNELS 519100 8582 8582 MISCELLANEOUS REVENUE 900099 12 12 8594 7330762 8594 0 483939 403531 115392 215260 72879 2588798 1783082 389231 416485 113526 83140 18009 12377 178509 130456 26466 21587 205201 127417 48883 28901 7106 7106 5872 1802 4070 21500 21500 803830 803830 11952 11952 82541 73295 134 9112 231898 121911 4108 105879 22465 2873 12303 7289 162174 80069 7000 75105 371900 296182 47035 28683 75810 26938 29871 19001 31201 14194 13390 3617 950 950 73541 68019 3143 2379 45188 26982 13357 4849 PROGRAM FEES 877021 877021 POSTAGE & PRINTING/BIND 259306 7639 1396 250271 BAD DEBT 201230 201230 BANK AND TRANSACTION FE 98528 1710 6903 89915 150117 89692 21779 38646 7023695 3927814 903846 2192035 465050 638552 26470 508950 900041 968279 283525 401855 202303 202302 141765 167531 2544801 2182402 390491 362399 3981553 3297491 3192 5009 6394390 6552368 435504 329206 66653 49194 90320 502157 468720 X 4763419 4879035 1128814 1204613 5892233 6083648 6394390 6552368 307067 -121607 5954 0 X X 0 1 X 1 0 X 4688512 4871329 5851342 6536262 6915759 28863204 4688512 4871329 5851342 6536262 6915759 28863204 28863204 157534 149404 133608 161617 159283 761446 29624650 50419 0.97430 0.95570 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 28432 28432 72017 69816 2201 104097 96660 7437 2022211 1725188 297023 318044 290738 27306 362399 X 7393246 -121607 108557 87485 74435 7318811 11952 11952 7330763 7201830 102602 87485 190087 7011743 11952 11952 7023695 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, 2019 AND 2018. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES 87,143. RECLASSIFIED LOSS ON SALE OF ASSETS 342. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES 87,143. RECLASSIFIED LOSS ON SALE OF ASSET 342. X X X X X 1 MARKET ENGINUITY 3131 E CLARENDON AVE STE 105 PHOENIX AZ 85016 UNDERWRITING 0 2550551 813383 1737167 ALLEGIANCE FUNDRAISING LLC PO BOX 9132 FARGO ND 58106 MAIL SOLICITATIONS 0 421971 239624 182347 FALCON FUNDRAISING INCORPORATED 1690 WATERTOWER PLACE SUITE 400A EAST LANSING MI 48823 TELEMARKETING 0 101131 17031 84100 3073653 1070038 2003614 NC SC GALA 136125 136125 4000 27105 37538 SQUAWKS 23782 23782 2807 39 3 20590 20590 2400 4192 9063 180497 180497 6400 34104 46640 87144 93353 X X X X 0 0 0 0 0 0 0 0 0 H JOSEPH O' CONNOR PRESIDENT AND CEO 193301 0 25000 0 0 0 11696 0 7340 0 237337 0 0 0 JEAN ZOUTEWELLE CHIEF OPERATING AND FINANCIAL OFFICE 133426 0 7350 0 0 0 8153 0 6983 0 155912 0 0 0 JEFF BUNDY EXECUTIVE DIRECTOR OF BRANDING AND E 132942 0 4500 0 0 0 7977 0 6825 0 152244 0 0 0 X 13 60803 HIGH/LOW METHOD X FUNDRAISING SUPPLIES 16 54647 FAIR MARKET VALUE X STAFF EVENT FOOD 1 4058 FAIR MARKET VALUE X CONFERENCE 1 587 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.