2017-11-15T06:30:08-06:00 2017-06-30 561434747 GREERWALKER LLP 227 WEST TRADE ST SUITE 1100 CHARLOTTE NC 28202 990 2016-07-01 561803808 UNIVERSITY RADIO FOUNDATION INC UNIV 7045499323 8801 JM KEYNES DR CHARLOTTE NC 28262 H JOSEPH O'CONNOR PRESIDENT 7045499323 2017-11-13 1 PAULA P TILLEY P00051456 7043770239 2017-11-13 207.235.64.54 2017-11-13 13:01:17 ES P 23BC50D02822922A1A63D2BC40F2C2890C2DA1E5 2F6FD5DC73BAB247C41058D65B780E9724862DA6 2016 2021-01-29 14:40:06Z WFAE-FM H JOSEPH O'CONNOR 8801 JM KEYNES DR CHARLOTTE NC 28262 6003323 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. 20 19 43 50 0 0 4871329 5851342 0 0 121396 110777 41598 41204 5034323 6003323 0 0 0 0 2547825 2487846 616908 744832 1904476 2037457 2463497 5202190 5696175 -167867 307148 5562564 6230581 356647 407557 5205917 5823024 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 2425719 9266 DRIVEN BY AWARD-WINNING, COMMUNITY FOCUSED NEWS COVERAGE, WFAE'S 2017 FISCAL YEAR WAS HIGHLIGHTED BY ALL-TIME LISTENERSHIP HIGHS, AS WELL AS RECORD REVENUES FROM THE MEMBERSHIP, MAJOR DONOR AND UNDERWRITING DEPARTMENTS. AS WFAE AND ITS CONTENT PARTNERS PROVIDED UNPARALLELED COVERAGE OF THE CONTENTIOUS 2016 U.S. PRESIDENTIAL ELECTION AND THE TRANSITION OF PRESIDENTIAL POWER, THE EYES OF THE WORLD DESCENDED UPON THE CITY OF CHARLOTTE -- FIRST WHEN OUR CITY PASSED LOCAL LEGISLATION AROUND THE RIGHTS OF TRANSGENDER INDIVIDUALS, AND THEN WHEN THE STATE GOVERNMENT PASSED HOUSE BILL 2 (HB2), THE SO-CALLED "BATHROOM BILL" DECREEING THAT INDIVIDUALS ONLY USE THE BATHROOM THAT CORRESPONDS TO THE GENDER NOTED ON THEIR BIRTH CERTIFICATES. THE LEGISLATION LEAD TO PROTESTS, THE LOSS OF HIGH-LEVEL BUSINESS, SPORTING EVENTS AND CONFERENCES FOR THE CITY AND STATE. WFAE'S NEWS TEAM COVERED THIS COMPLICATED STORY FROM THE PASSING OF HB2 TO THE REPEAL OF THE LAW.THE CITY AND STATE ALSO BECAME THE FOCUS OF NATIONAL ATTENTION IN SEPTEMBER OF 2016 AFTER THE POLICE INVOLVED SHOOTING OF KEITH SCOTT AND SUBSEQUENT UNREST AND PROTESTS IN THE CITY. WFAE'S JOURNALISTS WERE LIVE ON THE SCENE AS THE PROTESTS BECAME VIOLENT, AND EXAMINED NOT ONLY THE HEADLINE STORY OF THE UNREST, BUT THE UNDERLYING COMMUNITY ISSUES THAT CAME TO A HEAD OVER THREE NIGHTS. A HALLMARK OF WFAE HAS ALWAYS BEEN THE ABILITY TO BRING PEOPLE OF DIVERSE OPINIONS TOGETHER TO DISCUSS CHALLENGING SUBJECTS WITH CANDOR AND CIVILITY. THE STATION SHOWCASED THIS IMPORTANT PROFICIENCY TO CAPACITY AUDIENCES WHEN NORTH CAROLINA PASSED HB2 LEGISLATION, AND LESS THAN A WEEK AFTER PROTESTS ERUPTED IN THE CITY AFTER THE SHOOTING OF KEITH SCOTT. WFAE ALSO HOSTED A LIVE COMMUNITY DISCUSSION AROUND THE SUBJECT OF IMMIGRATION IN CHARLOTTE. IN ADDITION TO COVERAGE OF THESE IMPORTANT REGIONAL STORIES, WFAE PROVIDED COUNTLESS HOURS OF LOCAL, COMMUNITY FOCUSED COVERAGE OF THE ENVIRONMENT, EDUCATION, POLITICS, HEALTHCARE AND THE ARTS. HIGHLIGHTS INCLUDE COVERAGE OF MISMANAGEMENT AT THE CHARLOTTE SCHOOL OF LAW; REPORTING AROUND THE ALARMING INCREASE IN THE CITY'S HOMICIDE RATE; COVERAGE OF COAL ASH CLEAN-UP AND THE CONSTRUCTION OF TOLL ROADS ON NORTH CAROLINA'S I77; COVERAGE OF NORTH CAROLINA ELECTIONS, INCLUDING THE GOVERNOR'S RACE AND TRANSITION OF GUBERNATORIAL POWER. WHILE THE WFAE NEWSROOM REACHED RECORDS FOR THE NUMBER OF STORIES PRODUCED, THE TEAM BEHIND WFAE'S ACCLAIMED 60-MINUTE PROGRAM, CHARLOTTE TALKS, PRODUCED MORE THAN 475 HOURS OF IN-DEPTH PROGRAMMING AROUND A MYRIAD OF ISSUES. HIGHLIGHT PROGRAMS FROM FY'17 INCLUDE SEVERAL DISCUSSIONS AROUND THE ISSUES RELATED TO THE SHOOTING OF KEITH SCOTT AND HB2, A LIVE EVENT WITH SURVIVORS OF THE "MIRACLE ON THE HUDSON" FLIGHT NEXT TO THE PLANE ITSELF AT THE CAROLINA'S AVIATION MUSEUM, INTERVIEWS WITH NPR PERSONALITIES TOM ASHBROOK, KRISTA TIPPETT AND SUSAN STAMBERG AS WELL AS INTERVIEWS WITH REGIONAL POLITICAL FIGURES, THINKERS AND CELEBRITIES. CHARLOTTE TALKS ALSO CONTINUED ITS "WEEKLY NEWS ROUND-UP" IN FY17. THE ROUND-UP, WHICH FEATURES A PANEL OF CHARLOTTE AREA JOURNALISTS DISCUSSING THE NEWS OF THE WEEK, HAS BECOME THE SHOW'S MOST TUNED TO BROADCAST EACH WEEK. WFAE'S WORK COVERING THE UNREST IN CHARLOTTE AFTER THE SHOOTING OF KEITH SCOTT GARNERED TWO EDWARD R. MURROW AWARDS. WFAE'S ASSISTANT NEWS DIRECTOR, LISA WORF, WAS AWARDED THE SUNSHINE AWARD BY THE NC OPEN GOVERNMENT COALITION FOR HER WORK PETITIONING TO HAVE VIDEO OF A POLICE-INVOLVED SHOOTING RELEASED TO THE MEDIA; CHARLOTTE TALKS HOST, MIKE COLLINS, WAS NAMED ONE OF CHARLOTTE'S 100 MOST INFLUENTIAL PEOPLE BY CHARLOTTE MAGAZINE; AND WFAE CEO, JOE O'CONNOR WAS NAMED "NEWCOMER OF THE YEAR" BY THE DISTINGUISHED LEADERSHIP CHARLOTTE PROGRAM. IN ADDITION TO AWARD-WINNING COVERAGE FROM WFAE'S NEWS AND CHARLOTTE TALKS TEAMS, THE STATION ALSO PRODUCED A SPECIAL RADIO DOCUMENTARY CHRONICLING THE ONE-YEAR ANNIVERSARY OF THE TRAGIC SHOOTING AT CHARLESTON'S EMANUEL AME CHURCH. "EYES CLOSED IN PRAYER" FEATURED THE VOICES OF FAMILY MEMBERS OF THE VICTIMS TO EXAMINE RACE IN AMERICA, THE POWER OF SYMBOLS AND THE POWER OF LOVE AND HATE. THESE PROGRAMMATIC ACCOMPLISHMENTS LED TO RECORD AUDIENCES FOR WFAE. THE CUME AUDIENCE FOR THE STATION PEAKED AT MORE THAN 240,000 LISTENERS IN THE MONTH OF JUNE. THIS PEAK MARKED A FULL 100% INCREASE IN LISTENERS TO THE STATION OVER A TWO-YEAR PERIOD.WITH SIGNIFICANTLY INCREASED AUDIENCES CAME EQUALLY SIGNIFICANT LISTENER SUPPORT AND REVENUES. THE STATION REACHED AN ALL-TIME HIGH OF NEARLY 20,000 MEMBERS IN FY'17 AND RECORD LEVELS FOR MEMBERSHIP AND MAJOR GIFT REVENUES ($2,677,320 AND $725,356 RESPECTIVELY). THE STATION'S UNDERWRITING TEAM ALSO REACHED RECORD LEVELS, GENERATING A RECORD OF $2,084,899 IN GROSS REVENUE FROM CHARLOTTE AREA BUSINESSES. THERE WERE ALSO ADDITIONAL GRANT REVENUES FROM THE CORPORATION FOR PUBLIC BROADCASTING, THE KNIGHT FOUNDATION AND OTHERS.MOVING INTO THE 2018 FISCAL YEAR, WFAE WILL BUILD UPON THE SUCCESSES OF FY'17 BY GROWING THE ORGANIZATION'S NEWSROOM BY A FULL 50% (FROM 14 REPORTERS, EDITORS AND PRODUCERS TO 21). THIS STRATEGIC INVESTMENT WILL GREATLY ENHANCE WFAE'S DIGITAL CAPABILITIES, ALLOWING THE STATION TO EVOLVE FROM A TRADITIONAL RADIO STATION TO A TRUE 24-HOUR, MULTI-MEDIA NEWS ORGANIZATION. THIS INVESTMENT WILL ALSO IMPROVE WFAE'S ABILITY TO REACH UNDERSERVED COMMUNITIES IN THE CHARLOTTE REGION, AND PROVIDE GREATER OPPORTUNITY FOR COMMUNITY EVENTS AND ENGAGEMENT. 466484 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. 217692 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. 3109895 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 0 0 0 0 0 0 0 0 0 1 13 0 1 43 1 0 0 0 0 0 1 1 0 0 0 0 X 20 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 SC X JEAN ZOUTEWELLE 7045499323 8801 JM KEYNES DR SUITE 91 CHARLOTTE NC 28262 JON BUCHAN CHAIR 2016 4.00 X X 0 0 0 ROSALYN ALLISON-JACOBS VICE CHAIR 2016, SECRETARY 2017 2.00 X X 0 0 0 ED WILLIAMS SECRETARY 2016, CHAIR 2017 4.00 X X 0 0 0 RONALD LAMBERTH TREASURER 2.00 X X 0 0 0 MELISSA MCGUIRE BOARD MEMBER 1.00 X 0 0 0 LINDA GREENWELL BOARD MEMBER 1.00 X 0 0 0 CAROLYN SHAW BOARD MEMBER 1.00 X 0 0 0 BARBARA LAUGHLIN 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 MEMBER 2016, VICE CHAIR 2017 2.00 X X 0 0 0 MOIRA LOCASCIO BOARD MEMBER 1.00 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 190716 0 21333 JEAN ZOUTEWELLE CFO (BEG 6/2016) 50.00 X 60475 0 4298 JEFF BUNDY EXECUTIVE DIRECTOR OF ADVANCEMENT 50.00 X 122612 0 7906 373803 0 33537 2 0 1 0 MARKET ENGINUITY 3131 E CLARENDON AVE STE 105 PHOENIX AZ 85016 UNDERWRITING SALES - OUTSOURCED 624528 1 308768 5542574 5851342 101670 101670 31938 0 31938 31938 31938 9107 0 9107 9107 9107 DATA CHANNELS 519100 9116 9116 MISCELLANEOUS REVENUE 900099 150 150 9266 6003323 9266 0 142715 548848 147613 252610 148625 1565612 1194600 189367 181645 76102 62553 5247 8302 146573 117881 6392 22300 150711 91776 39268 19667 21158 21158 4133 706 3427 4156 4156 744832 744832 12002 12002 26135 22660 3475 130630 29184 6088 95358 18831 2733 13747 2351 149055 34385 4590 110080 365486 261577 33693 70216 63465 19781 29590 14094 15612 3902 6405 5305 113163 102041 6224 4898 44871 28091 8908 7872 PROGRAM FEES 876082 871177 4905 BAD DEBT 219795 219795 POSTAGE & PRINTING/BIND 158971 1241 2575 155155 MISCELLANEOUS 145291 45835 22852 76604 94661 72159 13505 8997 5696175 3109895 681804 1904476 665208 729389 100203 250706 1029489 905793 -16769 285558 155976 86164 2312669 2026356 350795 286313 3276028 3682494 1634 4164 5562564 6230581 308532 341773 48115 65784 356647 407557 X 4372767 4852662 833150 970362 5205917 5823024 5562564 6230581 307148 307729 2230 0 X X 0 1 X 1 0 X 4147218 4370581 4688512 4871329 5542574 23620214 4147218 4370581 4688512 4871329 5542574 23620214 23620214 122567 617545 157534 149404 133608 1180658 314 314 24801186 25253 0.95240 0.94920 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 28432 28432 72017 64396 7621 95781 91087 4694 1806112 1605109 201003 310327 265764 44563 286313 X 6546014 307729 234962 542691 6003323 0 6003323 5928907 232732 232732 5696175 0 5696175 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, 2017 AND 2016. X X X X X 1 MARKET ENGINUITY 3131 E CLARENDON AVE STE 105 PHOENIX AZ 85016 UNDERWRITING 0 2084899 713049 1371850 DMW 36 CORDAGE PARK CIRCLE SUITE 225 PLYMOUTH MA 02360 MAIL SOLICITATIONS 0 887198 132037 755161 FALCON FUNDRAISING 1690 WATERTOWER PLACE STE 400A EAST LANSING MI 48823 TELEMARKETERS 0 49943 12359 37584 3022040 857445 2164595 NC SC SCHEDULE G, PART I, LINE 2B, COLUMN (V) FALCON FUNDRAISING IS A TELEMARKETING FIRM USED BY THE ORGANIZATION. FALCON FUNDRAISING SEPARATES COSTS FOR TELEMARKETING FROM POSTAGE AND CLERICAL EXPENSES. X X X 0 0 0 0 0 0 0 0 0 H JOSEPH O' CONNOR GM/PRESIDENT 163216 0 27500 0 0 0 9625 0 11708 0 212049 0 0 0 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 EXECUTIVE DIRECTOR OF BRANDING AND ENGAGEMENT ALSO MONITORS TRANSACTIONS INVOLVING UNDERWRITING. 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 IN A PUBLIC FILE LOCATED AT THE RADIO STATION, 8801 J.M. KEYNES DR. SUITE 130. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE IN A PUBLIC FILE LOCATED AT THE RADIO STATION, 8801 J.M. KEYNES DR. SUITE 130. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.