2024-05-15T14:26:18-05:00 2023-06-30 561434747 GREERWALKER LLP 227 WEST TRADE ST SUITE 1100 CHARLOTTE NC 28202 990 2022-07-01 561803808 UNIVERSITY RADIO FOUNDATION INC UNIV 7045499323 8801 JM KEYNES DR CHARLOTTE NC 28262 JU-DON MARSHALL PRESIDENT & CEO 7045499323 2024-05-10 1 JU-DON MARSHALL 999009999 0 PAULA P TILLEY P00051456 7043770239 2024-05-10 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z WFAE 907 JU-DON MARSHALL 8801 JM KEYNES DR CHARLOTTE NC 28262 7640081 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 67 41 0 0 7591665 6935407 0 0 97911 118345 7994 1679 7697570 7055431 0 0 0 0 4713743 5653691 653019 304151 2021565 2506598 2821151 7873360 8778993 -175790 -1723562 6517172 7061863 553826 2566070 5963346 4495793 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 4296874 WFAE IS A MAJOR SOURCE OF NEWS AND INFORMATION FOR THE CHARLOTTE REGION AND ONE OF THE COUNTRY'S LEADING PUBLIC RADIO STATIONS. WFAE'S MISSION IS TO CREATE A MORE KNOWLEDGEABLE AND ENGAGED COMMUNITY GROUNDED IN OUR SHARED HUMANITY. OUR VISION IS ACHIEVED THROUGH JOURNALISM THAT INFORMS, ENRICHES AND INSPIRES. IN MEASURE OF OUR ADVANCING OUR MISSION AND VISION, FY23 WAS A SUCCESSFUL YEAR.FINANCIALLY SPEAKING, FY23 WAS A CHALLENGING YEAR FOR WFAE. THE SPIKE IN CONTRIBUTIONS FROM FY22 DID NOT REPEAT IN FY23. CORPORATE UNDERWRITING CONTINUED TO DECLINE FROM FY19 LEVELS AS CORPORATIONS REDUCED THE MARKETING DOLLARS SPENT WITH PUBLIC AND COMMERCIAL RADIO STATIONS.SIGNIFICANT PERSONNEL CHANGES:- WFAE INTERNALIZED MANAGEMENT OF CORPORATE UNDERWRITING SALES IN JANUARY 2022. FY23 RESULTS PRESENT FULL YEAR COSTS.- JOE O'CONNOR RESIGNED AS WFAE'S CEO / PRESIDENT IN MARCH 2023.- JU-DON MARSHALL WAS APPOINTED CEO / PRESIDENT IN APRIL 2023.- WFAE IMPLEMENTED A HIRING FREEZE IN DECEMBER 2022 FOR ALL NON-REVENUE PRODUCING POSITIONS. ANY ATTRITION AT WFAE HAS BEEN ABSORBED (NO REPLACEMENT REHIRES).- JOURNALIST REPRESENTED BY SAG AFTRA PETITIONED FOR COLLECTIVE BARGAINING (DECEMBER 2022). WE REACHED AN AGREEMENT THAT WAS FINALIZED FEBRUARY 1, 2024, EFFECTIVE DECEMBER 20, 2023.PROGRAMMING HIGHLIGHTSWFAE'S NEWSROOM SPENT THE LATTER HALF OF FY23 EXPLORING CHARLOTTE'S "CORRIDORS OF OPPORTUNITY" - SIX DIVERSE, ECONOMICALLY-DISADVANTAGED PARTS OF EAST, WEST AND NORTH CHARLOTTE. THESE CORRIDORS ARE DESIGNATED BY THE CITY AS FOCUS AREAS FOR INVESTMENT. FROM JANUARY TO JUNE, THE NEWSROOM PRODUCED MORE THAN 30 STORIES THAT LOOKED AT THE ACCOMPLISHMENTS, CHALLENGES, PLANS AND THE PEOPLE WHO CALL THESE AREAS HOME. "CHARLOTTE TALKS" CONTINUED ITS LONG TRADITION AS THE 'TALK SHOW OF RECORD' FOR THE REGION. HOST MIKE COLLINS HAD CONVERSATIONS WITH EXPERTS, POLITICIANS, AUTHORS AND OTHERS ABOUT TOPICS SUCH AS AI, THE MIDTERM ELECTIONS, PROCESSING TRAUMA AND CHARLOTTE'S CULINARY SCENE. THE SHOW CONTINUED ITS REGULAR CONVERSATIONS WITH LOCAL REPORTERS FOR A WEEKLY NEWS ROUNDUP AND MONTHLY CHECK-INS WITH THE MAYOR OF CHARLOTTE. THE SHOW ALSO PRODUCED "LIVING IN CHARLOTTE" SERIES THAT FOCUSED ON THE MOST FREQUENTLY ASKED QUESTIONS BY NEWCOMERS AND NOT-SO-NEWCOMERS ABOUT THE QUEEN CITY. REPORTER STEVE HARRISON DELVED INTO ISSUES SUCH AS THE MIDTERM ELECTIONS, TRANSPORTATION AND ECONOMIC DEVELOPMENT. HE CO-HOSTED WFAE'S "INSIDE POLITICS" PODCAST THAT EXPLORED THE ISSUES THAT WERE CONNECTING WITH VOTERS AND OTHER ISSUES ON THE CAMPAIGN TRAIL. STEVE HARRISON AND LISA WORF PRODUCED "FALLING SHORT," A THREE-PART SERIES ABOUT WHY DEMOCRATS KEEP LOSING MOST STATEWIDE RACES." THE SERIES WON SEVERAL AWARDS INCLUDING A NATIONAL MURROW AWARD. REPORTER ANN DOSS HELMS REPORTED ON LOCAL AND STATE EDUCATION ISSUES. CLOSE TO HOME, THERE WERE STORIES ABOUT THE SEARCH FOR A NEW CHARLOTTE-MECKLENBURG SCHOOLS SUPERINTENDENT, STAFF SHORTAGES AND RETENTION, AND STUDENT ASSIGNMENT BOUNDARIES. ON A STATE LEVEL, ANN LOOKED AT THE EFFECTS OF VOUCHER PLANS AND STATE TESTING SCORES. WITH GRANTS FROM THE SALAMANDER AND 1EARTH FUNDS, WFAE CONTINUED ITS CLIMATE COVERAGE. REPORTER DAVID BORAKS EXAMINED HOW CLIMATE CHANGE AFFECTS THE CAROLINAS. HIS STORIES FOCUSED ON AIR QUALITY, NORTH CAROLINA'S WOOD PELLET INDUSTRY, HOW EVS ARE CHANGING THE CAR LANDSCAPE, AND ENERGY EFFICIENCY REGULATIONS. "FRACTURED" EXAMINED HOW NORTH CAROLINA'S MENTAL HEALTH AND CRIMINAL JUSTICE SYSTEMS ARE FAILING THE MENTALLY ILL. THE 10-PART SERIES WAS A CULMINATION OF A YEARLONG INVESTIGATION THAT INCLUDED CONTACTING THE COURTHOUSE AND JAIL IN EACH OF NORTH CAROLINA'S 100 COUNTIES. AFTER THE SERIES, WFAE HOSTED A COMMUNITY FORUM WITH PANELISTS INCLUDING KODY KINSELY, SECRETARY OF THE NORTH CAROLINA DEPARTMENT OF HEALTH AND HUMAN SERVICES; SPENCER MERRIWEATHER, MECKLENBURG COUNTY DISTRICT ATTORNEY; RICHARD WELLS, AN ATTORNEY IN GUILFORD COUNTY'S PUBLIC DEFENDER'S OFFICE; AND DANA MILLER ERVIN, REPORTER FOR "FRACTURED." CURRENTLY, WFAE IS WORKING WITH FRONTLINE, PARTNER AND FUNDER FOR THE "FRACTURED" SERIES, ON A DOCUMENTARY. THE NEWSROOM PRODUCED STORIES AND LOOKED AT RACE AND EQUITY INCLUDING A PROGRAM THAT SERVES TEENS AND ADULTS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES, HOW THE END OF TITLE 42 IMPACTS LOCAL SCHOOLS, HOW A BOUTIQUE OWNER BECAME A VIRAL SENSATION OFFERING PLUS-SIZE OPTIONS, AND THE RIGHTS OF TRANSGENDERED CHILDREN IN NORTH CAROLINA.OUR EQUALIBRIUM LIVE SERIES HOSTED FIVE EVENTS:- MENTAL HEALTH CONVERSATIONS (VIRTUAL SERIES OF EVENTS)- THE GROWING IMPACT AND INFLUENCE OF LATINOS ON THE CHARLOTTE AREA- DISABILITY AWARENESS AND ACCESSIBILITY IN CHARLOTTE- THE POWER OF BLACK STORYTELLING- ADVANCING MATERNAL HEALTH EQUITYTHE "SOUTHBOUND" PODCAST CONTINUED TO TALK WITH PEOPLE WHO WERE BORN AND RAISED IN THE SOUTH. HOST TOMMY TOMLINSON SPOKE WITH SOUTHERNERS FROM ALL WALKS OF LIFE - FROM AUTHORS AND SPORTS WRITERS TO MUSICIANS AND COMEDIANS. SENIOR EDITOR SARAH MOBLEY SMITH AND COMMUNITY ENGAGEMENT PRODUCER DANTE MILLER WERE SELECTED TO PARTICIPATE IN "UPWARD:NC," A LEADERSHIP DEVELOPMENT PROGRAM FOR JOURNALISTS OF COLOR. THE NATIONAL ASSOCIATION OF HISPANIC PUBLICATIONS RECOGNIZED REPORTERS LAURA BRACHE AND MARIA RAMIREZ URIBE FOR ARTICLES THEY PRODUCED AS PART OF AN ONGOING PARTNERSHIP BETWEEN LA NOTICIA AND WFAE. JU-DON MARSHALL, WFAE'S CHIEF CONTENT OFFICER AND EXECUTIVE VICE PRESIDENT, WAS NAMED ONE OF THE LEADERS SHAPING CHARLOTTE BY QCITY METRO. 471418 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. 267861 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. 5036153 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 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 32 0 67 1 0 0 0 0 0 0 0 0 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 DOUGLAS HANDY 7049264067 8801 JM KEYNES DR SUITE 91 CHARLOTTE NC 28262 RICHARD LANCASTER BOARD CHAIR 2022 & MEMBER 2023 4.00 X X 0 0 0 NICK WHARTON BOARD VICE CHAIR 2022 1.00 X X 0 0 0 ANGELA OLIVER SECRETARY 2022 4.00 X X 0 0 0 GLENN STEWART BOARD MEMBER 2023 1.00 X 0 0 0 CHRIS CICOLETTI TREASURER 2022 & BOARD MEMBER 2023 4.00 X X 0 0 0 MEG WHALEN BOARD MEMBER 2022 1.00 X 0 0 0 MARK ETHRIDGE BOARD MEMBER 2022 & 2023 1.00 X 0 0 0 PAUL FREESTONE BOARD MEMBER 2022 & 2023 1.00 X 0 0 0 DAN CLODFELTER BOARD MEMBER 2022 1.00 X 0 0 0 RIAZ BHAMANI BOARD MEMBER 2022 & 2023 1.00 X 0 0 0 MARY TABOR ENGEL BOARD MEMBER 2022 & 2023 1.00 X 0 0 0 SHARON BLALOCK BOARD MEMBER 2022 & 2023 1.00 X 0 0 0 TONY NORWOOD BOARD MEMBER 2022 1.00 X 0 0 0 DICK SESLER BOARD MEMBER 2022 & 2023 1.00 X 0 0 0 GENE COCHRANE BOARD MEMBER 2022 & 2023 1.00 X 0 0 0 DIANA QUARRY BOARD MEMBER 2022 & 2023 1.00 X 0 0 0 MATTHEW SOCHA BOARD MEMBER 2022 & TREASURER 2023 4.00 X X 0 0 0 NICHELLE LEVY BOARD MEMBER 2022 & 2023 1.00 X 0 0 0 JUDITH SCHINDLER BOARD MEMBER 2022 & 2023 1.00 X 0 0 0 KRISTOFFER SHEPARD BOARD MEMBER 2022 & 2023 1.00 X 0 0 0 KATHLEEN PRICE BOARD MEMBER 2023 1.00 X 0 0 0 GRAY DYER BOARD MEMBER 2023 1.00 X 0 0 0 JOHN CLEGHORN BOARD MEMBER 2023 1.00 X 0 0 0 JENN STUART BOARD MEMBER 2023 1.00 X 0 0 0 LAURA MEYER WELLMAN BOARD MEMBER 2023 1.00 X 0 0 0 JENNIFER BEIGHTLEY BOARD MEMBER 2022 & SECRETARY 2023 4.00 X X 0 0 0 ANNA CAULKINS BOARD MEMBER 2023 1.00 X 0 0 0 DOUGLAS HANDY CHIEF OP & FINANCIAL OFFIC 40.00 X 150190 0 1225 JU-DON MARSHALL PRESIDENT & CEO (3/6/23-CURRENT) 40.00 X 181488 0 19550 H JOSEPH O' CONNOR PRESIDENT AND CEO THROUGH 3/6/23 40.00 X 228121 0 22065 DEBRA TURNER BAILEY CHIEF PEOPLE OFFICER 40.00 X 139903 0 7299 JOBIE SPRINKLE DIRECTOR OF IT/ENGINEERING 40.00 X 117878 0 15467 JEFF BUNDY EXEC DIR - BRANDING 40.00 X 120847 0 11578 PENDA HOWELL CHIEF REVENUE OFFICER 40.00 X 143844 0 5329 LISA GERGELY CORPORATE DEVELOPMENT MANAGER 40.00 X 109420 0 6394 1191691 0 88907 8 0 1 0 MARKET ENGINUITY 3131 E CLARENDON AVE STE 105 PHOENIX AZ 85016 UNDERWRITING SALES - OUTSOURCED 238097 ALLEGIANCE FUNDRAISING LLC PO BOX 9312 FARGO ND 58106 MAIL SOLICITATION 199628 2 384 421587 6513436 83257 6935407 125304 125304 800 0 800 800 800 564917 571876 -6959 -6959 -6959 0 384 12774 -12774 -12774 DATA CHANNELS 519200 9486 9486 MISCELLANEOUS REVENUE 900099 4167 4167 13653 7055431 13653 0 106371 734702 338358 204486 191858 4061366 2243240 888580 929546 124269 93607 25194 5468 386541 237197 67054 82290 346813 186237 83743 76833 93895 93895 76515 2500 74015 25371 25371 304151 304151 12215 12215 123211 112347 10864 49927 6721 111 43095 19082 5875 7836 5371 139816 80191 15247 44378 596794 416711 78696 101387 94407 35015 45945 13447 36789 1157 30377 5255 4476 4476 90880 84887 2315 3678 52797 25129 22703 4965 PROGRAM FEES 1046662 1046662 0 0 DUES AND SUBSCRIPTIONS 133828 89207 26034 18587 BANK AND TRANSACTION FE 103154 40 11814 91300 MISCELLANEOUS 63305 19647 0 43658 58027 11425 1168 45434 8778993 5036153 1721275 2021565 1347983 338242 386192 387181 216035 244119 114437 91086 2174470 1809960 390152 364510 4052386 4417092 9987 1219633 6517172 7061863 446617 469635 107209 194458 0 502316 0 1399661 553826 2566070 X 5302924 3805678 660422 690115 5963346 4495793 6517172 7061863 -1723562 259592 -3583 0 X X 0 1 X 1 0 X 6915759 7259833 7771239 7591665 6935407 36473903 6915759 7259833 7771239 7591665 6935407 36473903 674634 35799269 159283 131891 109788 105741 126104 632807 37106710 13653 0.96480 0.98180 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 28432 28432 70095 70095 0 130687 92903 37784 1835639 1543584 292055 109617 103378 6239 364510 SALES TAX RECEIVABLE 9110 RIGHT-OF-USE ASSET 1210523 1219633 LEASE LIABILITY - BUILDINGS 1328084 LEASE LIABILITY- EQUIPMENT 71577 1399661 X 7384341 259592 68759 12774 341125 7043216 12215 12215 7055431 8851894 72342 12774 85116 8766778 12215 12215 8778993 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, 2023 AND 2022. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES 12,774. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES 12,774. X X X X X 1 ALLEGIANCE FUNDRAISING LLC PO BOX 9132 FARGO ND 58106 MAIL SOLICITATIONS 0 570785 133081 437704 FALCON FUNDRAISING INCORPORATED 1690 WATERTOWER PLACE SUITE 400A EAST LANSING MI 48823 TELEMARKETING 0 264479 48982 215497 835264 182063 653201 NC SC X X X X 0 0 0 0 0 0 0 0 0 H JOSEPH O' CONNOR PRESIDENT AND CEO THROUGH 3/6/23 208121 0 20000 0 0 0 13113 0 8952 0 250186 0 0 0 JU-DON MARSHALL PRESIDENT & CEO (3/6/23-CURRENT) 166488 0 15000 0 0 0 10644 0 8906 0 201038 0 0 0 DOUGLAS HANDY CHIEF OP & FINANCIAL OFFIC 148190 0 2000 0 0 0 373 0 852 0 151415 0 0 0 X 10 52921 HIGH/LOW METHOD X FUNDRAISING SUPPLIES 18 30336 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 1A 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.