2019-04-30T08:57:05-05:00 2018-06-30 561434747 GREERWALKER LLP 227 WEST TRADE ST SUITE 1100 CHARLOTTE NC 28202 990 2017-07-01 561803808 UNIVERSITY RADIO FOUNDATION INC UNIV 7045499323 8801 JM KEYNES DR CHARLOTTE NC 28262 H JOSEPH O'CONNOR PRESIDENT 7045499323 2019-04-23 1 PAULA P TILLEY P00051456 7043770239 2019-04-23 74.84.220.244 2019-04-23 14:10:51 ED P 1F780F18B0586542B874D8CCCC604A252ACB6B3F 1F780F18B0586542B874D8CCCC604A252ACB6B3F 2017 2019-02-21 02:37:17Z WFAE-FM H JOSEPH O'CONNOR 8801 JM KEYNES DR CHARLOTTE NC 28262 7280592 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. 23 22 49 33 0 0 5851342 6536262 0 0 110777 263558 41204 49540 6003323 6849360 0 0 0 0 2487846 3036456 744832 798837 2378879 2463497 2986476 5696175 6821769 307148 27591 6230581 6394390 407557 502157 5823024 5892233 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 2705301 "QUIETLY BUT INTENTIONALLY, WFAE HAS BECOME THE MOST IMPORTANT NEWS SOURCE FOR THE REGION."- CHARLOTTE MAGAZINE, 2018 BEST OF THE BEST AWARDSAS THIS 990 SHOWS, FY18 WAS A YEAR OF MANY ACCOMPLISHMENTS FOR WFAE. PROGRAMMATICALLY, THE YEAR WAS HIGHLIGHTED BY THE 20TH ANNIVERSARY OF WFAE'S MUCH-ADMIRED WEEKDAY PROGRAM "CHARLOTTE TALKS AND THE LAUNCH OF FOUR ACCLAIMED PODCASTS "SHE SAYS", "SOUTHBOUND", "FAQ CITY", AND "CANDIDATE ME". THIS INCREASED CONTENT PRODUCTION WAS DRIVEN BY A NEAR 50% GROWTH IN STAFF FOR THE STATION'S AWARD-WINNING NEWSROOM.WFAE POSTED ITS THIRD CONSECUTIVE YEAR OF RECORD OVERALL REVENUES FROM A GROWING DONOR BASE, INCLUDING A 7.5% YEAR-OVER-YEAR GROSS REVENUE GROWTH. THE STATION'S CONTRIBUTIONS GREW BY 9% TO $4.0 MILLION WITH A RECORD 19,964 MEMBERS (9,372 OF WHOM DONATE TO THE STATION IN PERPETUITY AS SUSTAINING MEMBERS) AT YEAR'S END. CORPORATE SPONSORSHIP/UNDERWRITING REVENUE INCREASED BY 12 PERCENT, RISING TO $2.34 MILLION.MOST SIGNIFICANTLY FOR THE FUTURE, FISCAL YEAR 2018 MARKED THE MOMENT WHEN WFAE PRESENTED THE COMMUNITY WITH MORE PATHWAYS TO DISCOVER NEWS AND INFORMATION BEYOND ITS POPULAR ON-AIR BROADCAST REPORTS AS IT SOLIDIFIED THE CAPACITY TO BECOME A MULTI-PLATFORM NEWS AND INFORMATION SERVICE. WFAE DEVELOPED MORE DIGITAL ON-RAMPS TO DISTRIBUTE NEWS, POST IT QUICKLY ONLINE, SHARE IT ON SOCIAL MEDIA AND FIND IT ON DIGITAL DEVICES. INDEED, NPR METRICS RANKED THE STATION AS AMONG THE NATION'S TOP 25 IN DIGITAL GROWTH FOR THE FIRST QUARTER OF 2018. NEWS REPORTS BECAME MORE SUBSTANTIVE WITH MORE REPORTERS ON STAFF, MORE AGGRESSIVE LOCAL REPORTING ON WEEKDAYS, ENHANCED NEWS ON THE WEEKENDS AND THE INTRODUCTION OF NEW NATIONAL PROGRAMMING. IN ADDITION, WFAE'S JOURNALISTS ARE ENGAGING IN MORE LONG-FORM AND INVESTIGATIVE STORYTELLING, INTENTIONALLY REACHING OUT TO ADD DIVERSE VOICES AND ASKING QUESTIONS IN THE COMMUNITY MORE FREQUENTLY.WFAE ALSO OPENED MORE ROUTES FOR DIRECTLY ENGAGING WITH COMMUNITY MEMBERS, CONVENING NEARLY 30 COMMUNITY EVENTS OPPORTUNITIES FOR WFAE LISTENERS TO MEET ONE-ANOTHER AND STRENGTHEN BONDS THROUGHOUT THE REGION.THE STATION LAUNCHED CALL-OUTS, URGING LISTENERS TO SEND IN THEIR QUESTIONS TO BE ANSWERED. IT ALSO BEGAN INVITING LOCAL MUSIC PRODUCERS, SONGWRITERS AND ARTISTS TO SUBMIT THEIR WORK IN WFAE'S SPOTLIGHT OF CHARLOTTE'S ROBUST MUSIC SCENE AS PART OF AN FY19 PODCAST TITLED "AMPLIFIER". LISTENERS RESPONDED IN MAJOR WAYS. AVERAGE CUMULATIVE AUDIENCE GREW TO MORE THAN 220,000, A 9% INCREASE OVER FISCAL YEAR 2017 AND A 47% INCREASE IN TWO YEARS. AS WFAE EMPHASIZES DIGITAL NEWS AND INFORMATION, WEBSITE VISITORS INCREASED 24% TO NEARLY 886,000 AND PAGE VIEWS ROSE 31% TO NEARLY 2.24 MILLION. WFAE STATION AND STAFF MEMBERS WERE RECOGNIZED FOR THEIR EXCEPTIONAL WORK WITH AN ARRAY OF AWARDS AND RECOGNITIONS. WFAE WAS NAMED "BEST MEDIA OUTLET" BY CHARLOTTE MAGAZINE; JOURNALISTS SARAH DELIA AND LISA WORF WERE AWARDED REGIONAL MURROW AWARDS FOR EXCELLENCE IN REPORTING; A CHARLOTTE TALKS PROGRAM SCORED SECOND-PLACE HONORS IN NEWS AND PUBLIC AFFAIRS PROGRAMS FROM PUBLIC RADIO NEWS DIRECTORS INC. (PRNDI); PRODUCER JONI DEUTSCH RECEIVED A GRACIE AWARD FOR WORK SHE DID WHILE WITH WEST VIRGINIA PUBLIC BROADCASTING AND WFAE'S CHIEF OPERATING OFFICER JEAN ZOUTEWELLE WAS NAMED CFO OF THE YEAR BY THE CHARLOTTE BUSINESS JOURNAL. 421605 10957 BROADCASTING AND ENGINEERING - EXPENSES ASSOCIATED WITH RADIO TOWERS AND ANTENNAS, ENGINEER, INTERCONNECT FEES, SATELLITE SET-UP, UTILITIES, REPAIR AND MAINTENANCE COSTS FOR STUDIOS, TOWERS, AND TOWER UPKEEP. 386472 PROGRAM INFORMATION - PROMOTION AND OUTREACH ACTIVITIES TO INFORM THE COMMUNITY OF LOCAL NEWS & 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. 3513378 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 23 0 1 49 1 0 0 0 0 0 1 1 0 0 0 0 X 23 22 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 2017, BOARD MEMBER 2018 2.00 X X 0 0 0 ED WILLIAMS BOARD CHAIR 4.00 X X 0 0 0 RONALD LAMBERTH TREASURER 2.00 X X 0 0 0 LINDA GREENWELL BOARD MEMBER 1.00 X 0 0 0 CAROLYN SHAW BOARD MEMBER 1.00 X 0 0 0 ANASA SINEGAL BOARD MEMBER 1.00 X 0 0 0 BILAU SOYLU BOARD MEMBER 1.00 X 0 0 0 GLEN STEWART BOARD MEMBER 1.00 X 0 0 0 MEG WHALEN BOARD MEMBER 1.00 X 0 0 0 RICHARD LANCASTER BOARD MEMBER 1.00 X 0 0 0 MARK ETHRIDGE BOARD VICE CHAIR 2.00 X X 0 0 0 MOIRA LOCASCIO BOARD MEMBER 2017, SECRETARY 2018 1.00 X X 0 0 0 D SCOTT ANDERSON BOARD MEMBER 1.00 X 0 0 0 NICK WHARTON BOARD MEMBER 1.00 X 0 0 0 CHARLES JOHNSON BOARD MEMBER 1.00 X 0 0 0 DAN CLODFELTER BOARD MEMBER 1.00 X 0 0 0 COURTNEY STRIBLING BOARD MEMBER 1.00 X 0 0 0 WALTER CLARK BOARD MEMBER 1.00 X 0 0 0 ANGELA OLIVER BOARD MEMBER 1.00 X 0 0 0 H JOSEPH O' CONNOR GM/PRESIDENT 50.00 X X 216967 0 18273 SHARON BLALOCK BOARD MEMBER 1.00 X 0 0 0 MARY TABOR ENGEL BOARD MEMBER 1.00 X 0 0 0 DICK SESLER BOARD MEMBER 1.00 X 0 0 0 JEAN ZOUTEWELLE CFO 50.00 X 120302 0 10540 JEFF BUNDY EXEC DIRECTOR OF ADVANCEMENT 50.00 X 136503 0 14029 473772 0 42842 3 0 1 0 MARKET ENGINUITY 3131 E CLARENDON AVE STE 105 PHOENIX AZ 85016 UNDERWRITING SALES - OUTSOURCED 747664 WGBH EDUCATIONAL FOUNDATION PO BOX 414670 BOSTON MA 02241 MAIL SOLICITATION 108899 2 303816 6232446 304870 6536262 125065 125065 36552 0 36552 36552 36552 563573 425080 138493 138493 138493 8183 6152 2031 2031 DATA CHANNELS 519100 6602 6602 MISCELLANEOUS REVENUE 900099 4355 4355 10957 6849360 10957 0 302141 385675 115307 197543 72825 2238372 1476150 377107 385115 79710 64219 7375 8116 154390 110286 17845 26259 178309 108053 43566 26690 62159 62159 9203 3236 5967 21240 21240 798837 798837 13449 13437 12 66615 51721 14894 113908 33174 1322 79412 27967 8843 14648 4476 413770 56983 5273 351514 385375 298198 48671 38506 137109 65387 35677 36045 37768 5446 30809 1513 93768 85570 4666 3532 36142 21343 11163 3636 PROGRAM FEES 860426 860426 BAD DEBT 263006 263006 POSTAGE & PRINTING/BIND 127488 12675 2435 112378 DUES AND SUBSCRIPTIONS 122573 98474 15232 8867 194510 37887 13377 143246 6821769 3513378 929512 2378879 729389 465050 250706 26470 905793 900041 285558 283525 0 202303 86164 141765 2505802 2115311 286313 390491 3682494 3981553 4164 3192 6230581 6394390 341773 435504 65784 66653 407557 502157 X 4852662 4763419 970362 1128814 5823024 5892233 6230581 6394390 27591 48872 -7255 0 X X 0 1 X 1 0 X 4370581 4688512 4871329 5851342 6536262 26318026 4370581 4688512 4871329 5851342 6536262 26318026 26318026 617545 157534 149404 133608 161617 1219708 27537734 41826 0.95570 0.95240 X 28432 28432 72017 65414 6603 95781 94434 1347 1991528 1677664 313864 318044 277799 40245 390491 X 7041299 48872 136915 6152 191939 6849360 0 6849360 6972090 144170 6152 150322 6821768 0 6821768 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, 2018 AND 2017. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES 6,152. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES 6,152. X X X X X 1 MARKET ENGINUITY 3131 E CLARENDON AVE STE 105 PHOENIX AZ 85016 UNDERWRITING 0 2339851 756104 1583747 WGBH PO BOX 414670 BOSTON MA 02241 MAIL SOLICITATIONS 0 256686 76103 180582 ALLEGIANCE FUNDRAISING (FKADMW) 200 INTERNATIONAL DRIVE STE 130 PORTSMOUTH NH 03801 MAIL SOLICITATIONS 0 19430 17113 2317 WGBH PO BOX 414670 BOSTON MA 02241 TELEMARKETERS 0 7323 1141 6182 2623290 850461 1772828 NC SC CHOCOLATE EVENT 8183 8183 178 5974 8183 8183 178 5974 6152 2031 X X X X 0 0 0 0 0 0 0 0 0 H JOSEPH O' CONNOR GM/PRESIDENT 216967 0 0 0 0 0 10763 0 7510 0 235240 0 0 0 JEFF BUNDY EXEC DIRECTOR OF ADVANCEMENT 136503 0 0 0 0 0 7699 0 6330 0 150532 0 0 0 X 13 30638 HIGH/LOW METHOD X 1 202303 DISC APPRAISED VALUE X FUNDRAISING SUPPLIES 7 61501 FAIR MARKET VALUE X AUCTION ITEMS 9 5928 FAIR MARKET VALUE X FURNITURE 1 4500 FAIR MARKET VALUE 1 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 GENERAL MANAGER, 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 DIRECTOR OF STATION RELATIONS. THE DIRECTOR OF STATION RELATIONS INFORMS THE PRESIDENT AND GOVERNANCE COMMITTEE CHAIR IF A STATEMENT IS NOT RECEIVED. THE CFO AND THE PRESIDENT/GENERAL MANAGER 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/GENERAL MANAGER 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/GENERAL MANAGER. 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.