2015-11-16T08:39:48-06:00 2015-06-30 141555429 UHY ADVISORS NY INC 66 SOUTH PEARL STREET SUITE 400 ALBANY NY 12207 990 2014-07-01 222400593 WAMC WAMC 5184655233 318 CENTRAL AVENUE ALBANY NY 12206 ALAN S CHARTOCK PRESIDENT 5184655233 2015-11-12 1 WILLIAM M KAHN CPA P00543542 5184493166 2014 2016-02-25 16:41:14Z ALAN S CHARTOCK 318 CENTRAL AVENUE ALBANY NY 12206 7812112 0 X WAMC.ORG X 1981 NY SEE SCHEDULE O. 21 20 71 500 -277919 0 6843327 6735856 190739 187060 90143 -221938 4228 119619 7128437 6820597 0 0 0 0 3109048 3259044 0 0 1667150 3645809 3421083 6754857 6680127 373580 140470 8636476 7795859 1815469 869081 6821007 6926778 X WAMC IS A NON-PROFIT PUBLIC TELECOMMUNICATIONS ENTITY WITH BROADCASTING COVERAGE IN NEW YORK STATE AND WESTERN NEW ENGLAND. WAMC SERVES THE PUBLIC BY PREPARING AND PRESENTING NON-PROFIT AND NON-COMMERCIAL EDUCATIONAL, INSTRUCTIONAL AND CULTURAL RADIO AND LIVE PROGRAMS THAT REFLECT THE PROGRAMMING INTERESTS AND DIVERSITY OF OUR BROADCAST AND LIVE AUDIENCE. 0 0 4045971 290979 WAMC PROVIDES A MIX OF NEWS AND INFORMATION, PUBLIC AFFAIRS, CULTURAL AND MUSIC PROGRAMMING TO APPROXIMATELY 450,000 MONTHLY LISTENERS IN PORTIONS OF NEW YORK, MASSACHUSETTS, VERMONT, CONNECTICUT, NEW HAMPSHIRE, PENNSYLVANIA AND NEW JERSEY. FULL POWER STATIONS SERVE LISTENERS IN ALBANY (AM AND FM), KINGSTON, MIDDLETOWN, PLATTSBURGH, CANAJOHARIE, TICONDEROGA, REMSEN-UTICA, MT. KISCO, AND STANFORD, NEW YORK; AND GREAT BARRINGTON, MASSACHUSETTS. ADDITIONAL TRANSLATORS SERVE RENSSELAER/TROY, ONEONTA, WARWICK, BEACON, ELLENVILLE, HUDSON, MIDDLETOWN, LAKE PLACID, COOPERSTOWN, AND NEWBURGH; AND MILFORD, PENNSYLVANIA. IN ADDITION TO BROADCASTING NATIONAL AND INTERNATIONAL NEWS FROM NATIONAL PUBLIC RADIO, AMERICAN PUBLIC MEDIA, THE BBC AND OTHER PROGRAM PROVIDERS, WAMC PRODUCES NEARLY (CONTINUED ON SCH O) TWO THOUSAND HOURS OF ORIGINAL PROGRAMMING ANNUALLY, MUCH OF WHICH IS MADE AVAILABLE NATIONALLY, AT NO COST, TO OTHER PUBLIC RADIO STATIONS.THE LINDA (WAMC'S PERFORMING ARTS STUDIO) OFFERS LIVE LECTURES, CONCERTS, FILMS AND MORE, MUCH OF WHICH IS BROADCAST REGIONALLY. PROGRAMMING INCLUDES FOLK AND POPULAR MUSIC, JAZZ, FILMS, LECTURES, FORUMS AND DEBATES. ADDITIONALLY, WE PARTNER WITH A NUMBER OF LOCAL NEIGHBORHOOD ARTS AND COMMUNITY ORGANIZATIONS TO BRING SPECIAL EVENTS TO THE COMMUNITY. WAMC'S MORNING PROGRAM, THE ROUNDTABLE, IS A DAILY 3 HOUR LIVE PROGRAM COMMITTED NOT ONLY TO STRONG AND IN-DEPTH COVERAGE OF WORLD AFFAIRS. BUT ALSO TO KEEPING LISTENERS INFORMED ABOUT WHAT IS GOING ON IN THEIR COMMUNITIES. AS PART OF THIS COMMUNITY OUTREACH, THE ROUNDTABLE STAFF REGULARLY BRINGS THE SHOW ON THE ROAD TO VARIOUS LOCALES IN OUR LISTENING AREA.WAMC HAS AN EXTENSIVE WEB PRESENCE AT WWW.WAMC.ORG, PROVIDING INTERNET STREAMING OF TWO DISCRETE PROGRAM SCHEDULES AND OFFERING PODCASTS OR ON-DEMAND LISTENING FOR MANY OF OUR PROGRAMS. 4045971 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 217 0 1 71 1 1 1 0 0 0 0 1 1 0 0 X 21 20 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY MA X X X THE ORGANIZATION 5184655233 318 CENTRAL AVENUE ALBANY NY 12206 JOSEPH BROWDY BOARD CHAIR 10.00 X X 0 0 0 STEPHEN PAGANO TREASURER 2.00 X X 0 0 0 DOROTHY REYNOLDS SECRETARY 2.00 X X 0 0 0 JANET AXELROD VICE CHAIR 2.00 X X 0 0 0 ALAN S CHARTOCK PRESIDENT 45.00 X X 187396 0 8156 ROBERT NORRIS TRUSTEE 1.00 X 0 0 0 MARY BALLOU TRUSTEE 1.00 X 0 0 0 IRA FUSFELD TRUSTEE 1.00 X 0 0 0 CARMI RAPPORT TRUSTEE 1.00 X 0 0 0 JUDY GRUNBERG TRUSTEE 1.00 X 0 0 0 GERALD BENJAMIN TRUSTEE 1.00 X 0 0 0 DAN BAZILE TRUSTEE 1.00 X 0 0 0 ROGER PHILLIPS TRUSTEE 1.00 X 0 0 0 WILL LITTLE TRUSTEE 1.00 X 0 0 0 JOHN DUNNE TRUSTEE 1.00 X 0 0 0 ANNE ERICKSON TRUSTEE 1.00 X 0 0 0 JAMES SPENCER TRUSTEE 1.00 X 0 0 0 DAVID FORD TRUSTEE 1.00 X 0 0 0 ANTHONY CAPECE JR TRUSTEE 1.00 X 0 0 0 SANDY WAXGISER TRUSTEE 1.00 X 0 0 0 KEVIN O'CONNOR TRUSTEE 1.00 X 0 0 0 DEBERA SAGLIMBENI UNDERWRITING REPRESENTATIV 40.00 X 129901 0 39 DONA FRANK-FEDERICO CHIEF OF STAFF 40.00 X 117300 0 13645 434597 0 21840 3 0 1 0 DIGITAL RADIO ENGINEERING INC 2927 US ROUTE 6 SLATE HILL NY 10973 ENGINEERING SUPPORT 338898 1 503433 6232423 6735856 PERFORMING ARTS STUDIO 711130 187060 187060 187060 29647 29647 84805 69105 15700 15700 15700 296825 374000 254791 667619 42034 -293619 -251585 -293619 42034 CORPORATE MATCHING GIFTS 900099 51846 51846 OTHER REVENUE 900099 41196 41196 IN-KIND CONTRIBUTIONS 900099 10877 10877 103919 6820597 290979 -277919 71681 X 187396 93046 19766 74584 2548989 1268028 267258 1013703 522659 288403 60899 173357 2150 2150 24452 15407 5181 3864 36000 36000 135024 93950 31382 9692 3973 3973 30185 7438 16644 6103 82333 20806 31384 30143 352793 178372 174421 73662 33148 15469 25045 PROGRAM ACQ/PRODUCTION 1354020 1354020 0 0 RENTALS 280173 260577 11940 7656 INTEREST/CREDIT CARD FE 184858 0 100748 84110 UTILITIES 169987 116489 53498 0 691473 312314 142416 236743 6680127 4045971 967006 1667150 1980279 1773483 81094 99872 429298 448556 10865280 6383153 5145798 4482127 979058 953761 20949 38060 8636476 7795859 33210 75897 345975 331677 1069987 130674 366297 330833 1815469 869081 X 6821007 6926778 6821007 6926778 8636476 7795859 140470 -34699 0 X 0 1 X 1 0 X 6605152 6744851 6864010 6843327 6850397 33907737 6605152 6744851 6864010 6843327 6850397 33907737 33907737 100350 109480 122682 119371 114452 566335 17751 8470 3950 4228 -277919 -243520 34230552 0.99060 0.98120 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 532610 532610 3700625 1067768 2632857 6632045 5315385 1316660 4482127 ACCRUED COMPENSATION 191357 GIFT ANNUITY OBLIGATIONS 139476 330833 X 6785898 -34699 -34699 6820597 0 6820597 6680127 0 6680127 0 6680127 PART X, LINE 2: WAMC, WHICH IS EXEMPT FROM INCOME TAXES UNDER SECTION 501-C(3) OF THE INTERNAL REVENUE CODE, FOLLOWS GUIDANCE ISSUED BY THE FINANCIAL ACCOUNTING STANDARDS BOARD REGARDING ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE INCOME TAX POSITIONS TAKEN BY WAMC FOR ANY YEARS OPEN UNDER THE VARIOUS STATUTES OF LIMITATIONS ARE THAT WAMC CONTINUES TO BE EXEMPT FROM INCOME TAXES AND THAT WAMC MAY, FROM TIME-TO-TIME, RECORD GROSS REVENUE FROM CERTAIN ACTIVITIES WHICH ARE CONSIDERED AN UNRELATED BUSINESS ACTITITY UNDER THE INTERNAL REVENUE CODE. IN BOTH 2015 AND 2014, HOWEVER, ANY UNRELATED BUSINESS INCOME (NET OF APPLICABLE OFFSETS AND EXPENSES) RESULTED IN NO TAX EXPENSE. WAMC BELIEVES THAT THERE ARE NO OTHER TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD SIGNIFICANTLY INCREASE OR DECREASE UNRECOGNIZED TAX BENEFITS WITHIN 12 MONTHS OF THE REPORTING DATE. NONE OF WAMC'S FEDERAL OR STATE INCOME TAX RETURNS IS CURRENTLY UNDER EXAMINATION BY THE INTERNAL REVENUE SERVICE (IRS) OR STATE AUTHORITIES. X X X X X 0 0 0 1 0 0 0 0 0 ALAN S CHARTOCK PRESIDENT 187396 0 0 0 0 0 6554 0 1602 0 195552 0 0 0 DEBERA SAGLIMBENI UNDERWRITING REPRESENTATIV 0 0 129901 0 0 0 0 0 39 0 129940 0 0 0 DONA FRANK-FEDERICO CHIEF OF STAFF 117300 0 0 0 0 0 4102 0 9543 0 130945 0 0 0 PART I, LINE 5 COMMISSIONS ARE PAID TO MS. SAGLIMBENI, IN LIEU OF SALARY OR OTHER COMPENSATION, BASED ON UNDERWRITING REVENUES GENERATED. FORM 990, PART VI, SECTION B, LINE 11 THE CPA/PREPARER REVIEWS A DRAFT COPY OF THE FORM 990 WITH BOTH THE AUDIT COMMITTEE AND EXECUTIVE COMMITTEE OF THE BOARD AND ANY PROPOSED COMMITTEE CHANGES ARE COMPLETED. SUBSEQUENTLY, BUT PRIOR TO FILING, THE FORM 990 IS DISTRIBUTED TO THE ENTIRE BOARD. FORM 990, PART VI, SECTION B, LINE 12C WAMC MAINTAINS A CONFLICT OF INTEREST POLICY UNDER WHICH OFFICERS, TRUSTEES, AND KEY EMPLOYEES ARE REQUIRED TO DISCLOSE ANNUALLY ANY INTERESTS WHICH MIGHT GIVE RISE TO CONFLICTS. IN ADDITION, TRUSTEES ARE REQUIRED TO DISCLOSE POTENTIAL CONFLICTS TO OTHER BOARD MEMBERS AT ALL MEETINGS. A QUESTIONNAIRE IS ALSO REQUIRED BY THE FEDERAL COMMUNICATIONS COMMISSION (ON A BI-ANNUAL BASIS) IN WHICH TRUSTEES ARE REQUIRED TO DISCLOSE CERTAIN OTHER MATTERS. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES HAS THE RESPONSIBILITY TO SET THE PRESIDENT'S (CEO) COMPENSATION AND CONDUCT AN ANNUAL PERFORMANCE REVIEW. THE COMMITTEE PERIODICALLY (NO LESS THAN EVERY THREE YEARS) EVALUATES COMPENSATION, AND OBTAINS AND REVIEWS INFORMATION ON COMPENSATION IN COMPARABLE ORGANIZATIONS (SEE SCHEDULE J, PART A). THE COMMITTEE ALSO REVIEWS AND APPROVES COMPENSATION FOR WAMC'S OTHER COMPENSATED OFFICERS. FORM 990, PART VII, SECTION A: DR. CHARTOCK, THE PRESIDENT AND CEO OF WAMC, ALSO SERVES AS A TRUSTEE. HIS COMPENSATION, HOWEVER, RELATES SOLELY TO HIS ROLE AS PRESIDENT AND CEO. NO TRUSTEES OF WAMC RECEIVE ANY COMPENSATION FOR THEIR ROLE AS AN OFFICER AND/OR TRUSTEE. FORM 990, PART VI, SECTION C, LINE 19 WAMC HAS A PUBLIC INSPECTION FILE, LOCATED AT ITS ALBANY OFFICE, WHICH CONTAINS ORGANIZATIONAL DOCUMENTS AND IRS FILINGS. WAMC MAKES AVAILABLE COPIES UPON REQUEST. WAMC'S ANNUAL FORM 990 IS ALSO AVAILABLE ONLINE AT WWW.WAMC.ORG AND WWW.GUIDESTAR.ORG FORM 990, PART IX, LINE 24E COMPUTER NETWORKING: PROGRAM SERVICE EXPENSES 70,706. MANAGEMENT AND GENERAL EXPENSES 16,665. FUNDRAISING EXPENSES 34,711. TOTAL EXPENSES 122,082. TELEPHONE: PROGRAM SERVICE EXPENSES 78,288. MANAGEMENT AND GENERAL EXPENSES 19,746. FUNDRAISING EXPENSES 11,440. TOTAL EXPENSES 109,474. FUND RAISING PREMIUMS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 87,371. TOTAL EXPENSES 87,371. OTHER EXPENSES: PROGRAM SERVICE EXPENSES 3,167. MANAGEMENT AND GENERAL EXPENSES 25,504. FUNDRAISING EXPENSES 54,646. TOTAL EXPENSES 83,317. BUILDING SUPPLIES/EXPENSE: PROGRAM SERVICE EXPENSES 4,475. MANAGEMENT AND GENERAL EXPENSES 69,471. FUNDRAISING EXPENSES 2,184. TOTAL EXPENSES 76,130. PRINTING AND PUBLICATIONS: PROGRAM SERVICE EXPENSES 75,101. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 75,101. REPAIRS/MAINTENANCE: PROGRAM SERVICE EXPENSES 55,911. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 55,911. POSTAGE AND SHIPPING: PROGRAM SERVICE EXPENSES 2,835. MANAGEMENT AND GENERAL EXPENSES 8,697. FUNDRAISING EXPENSES 43,314. TOTAL EXPENSES 54,846. DUES & SUBSCRIPTIONS: PROGRAM SERVICE EXPENSES 21,831. MANAGEMENT AND GENERAL EXPENSES 2,333. FUNDRAISING EXPENSES 3,077. TOTAL EXPENSES 27,241.