Sequim Community Broadcasting FY2022 filing

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Sequim Community Broadcasting, the non-profit corporation, has a broad mission and holds the fcc license for radio ksqm 91.5fm Sequim,washington. Ksqm radio has a more focused mission that pertains to broadcast operations.

501(c)(3) charity; gifts are tax-deductible.
62¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 4
filings with a surplus
Average deficit $13K a year · 6% of revenue · last 4 filings
Concern: a surplus in 1 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
62%
of spending
Worth a look: 62% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
12 mo
of spending, in cash
Looks good: 11.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $22K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$208K
41% of total assets
Looks good: liabilities are 41% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$196K
-3% vs prior year
Spent
$218K
To programs
62%
Net assets
$296K
By yearFY2020–FY2024
Revenue
$196K
FY2022▼ -3%
Tap a bar for its year
Revenue by fiscal year
FY2020$147K
FY2021$202K
FY2022$196K
FY2023$207K
FY2024$229K
Expenses
$218K
FY2022▼ -0.6%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021$220K
FY2022$218K
FY2023$227K
FY2024$221K
Net assets
$296K
FY2022▼ -9%
Tap a bar for its year
Net assets by fiscal year
FY2020$349K
FY2021$326K
FY2022$296K
FY2023$281K
FY2024$287K

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2008.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

62 cents of each dollar spent went to programs.

Program services 62% · $135K Management & general 38% · $83K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
See Sequim Community Broadcasting executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Operates a public radio station, broadcasting local news and music.

Questions for Sequim Community Broadcasting

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1 program · $135K · in their own filed words · FY2022
01

Sequim community broadcasting is committed to creating an educational and cultural hub using all available forms of media and venues for the benefit of the local region and populations well beyond our licensed terrestrial radio signal boundries.

$135Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 3 funders$22K
See all 3 funders →

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$196K
Ln 12
Gifts and grantsLn 1h$148K
Fees for servicesLn 2g$48K
Investment incomeLn 3$219
Money outPt IX
$218K
Ln 25
Programscol B$135K
Managementcol C$83K
Owns and owesPt X
$296K
net assets · Ln 32
Cash and savingsLn 1–2$209K
Total assetsLn 16$504K
LiabilitiesLn 26$208K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$148K
Fundraising eventsLn 1c$40K
Fees for servicesLn 2g$48K
Investment incomeLn 3$219
Total revenueLn 12$196K
Assets in detailPt X, end of year
CashLn 1$209K
Cash and savings togetherLn 1–2$209K
Land, buildings, equipmentLn 10c$295K
Total assetsLn 16$504K
LiabilitiesLn 26$208K
Net assetsLn 32$296K
OperationsPt I, VI
EmployeesI 51
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$107K$209K
Land, buildings, equipmentLn 10c$320K$295K
Total assetsLn 16$428K$504K
LiabilitiesLn 26$102K$208K
Net assetsLn 32$326K$296K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$48K$48K
Other salaries and wagesLn 7$15K$15K
Other employee benefitsLn 9$607$607
Payroll taxesLn 10$5K$5K
Legal feesLn 11b$380$380
Accounting feesLn 11c$16K$16K
Investment management feesLn 11f$3K$3K
Other fees for servicesLn 11g$343$343
Advertising and promotionLn 12$8K$8K
Office expensesLn 13$12K$2K$10K
Information technologyLn 14$7K$3K$3K
OccupancyLn 16$40K$40K
TravelLn 17$205$205
InterestLn 20$1K$1K
Depreciation, depletion and amortizationLn 22$18K$17K$985
InsuranceLn 23$9K$9K
Other expenses (24a–d)Ln 24$34K$34K
Total functional expensesLn 25$218K$135K$83K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Sep 5, 2025 $229K$221K$8K$287K 990 PDF
FY2023Filed with the IRS Jun 12, 2024 $207K$227K−$20K$281K 990 PDF
FY2022 ViewingFiled with the IRS May 31, 2023 $196K$218K−$22K$296K 990 PDF
FY2021Filed with the IRS Oct 17, 2022 $202K$220K−$18K$326K 990 PDF
FY2020Filed with the IRS May 18, 2021 $147K$349K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $196,294 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $164,485$148,495
I-9 Program service revenuePrior year $36,975$47,580
I-10 Investment incomePrior year $85$219
I-11 Other revenue$0
I-12 Total revenuePrior year $201,545$196,294
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $67,350$69,220
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $152,208$149,034
I-18 Total expensesPrior year $219,558$218,254
I-19 Revenue less expensesPrior year −$18,013−$21,960
Part VI · Governance 6 of 6 board members independent, 5 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $196,294 across 7 lines filed
VIII-1c Fundraising events$39,755
VIII-1d Related organizations$25,000
VIII-1f All other contributions, gifts and grants$83,740
VIII-1h Total contributions, gifts and grants$148,495
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $47,580$47,580
VIII-3 Investment incomeUnrelated business $219$219
VIII-12 Total revenueRelated to mission $47,580 · Unrelated business $219 · Excluded from tax $0$196,294
Part IX · Statement of functional expenses $218,254 across 17 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $48,000$48,000
IX-7 Other salaries and wagesPrograms $15,286$15,286
IX-9 Other employee benefitsPrograms $607$607
IX-10 Payroll taxesPrograms $5,327$5,327
IX-11b Legal feesManagement $380$380
IX-11c Accounting feesManagement $15,900$15,900
IX-11f Investment management feesManagement $2,693$2,693
IX-11g Other fees for servicesPrograms $343$343
IX-12 Advertising and promotionPrograms $8,031$8,031
IX-13 Office expensesPrograms $2,445 · Management $10,014$12,459
IX-14 Information technologyPrograms $3,452 · Management $3,268$6,720
IX-16 OccupancyManagement $40,257$40,257
IX-17 TravelManagement $205$205
IX-20 InterestManagement $1,004$1,004
IX-22 Depreciation, depletion and amortizationPrograms $16,856 · Management $985$17,841
IX-23 InsuranceManagement $8,726$8,726
IX-24 Other expenses (24a–d)Programs $34,475$34,475
IX-25 Total functional expensesPrograms $134,822 · Management $83,432 · Fundraising $0$218,254
Part X · Balance sheet $504,060 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $107,443$209,345
X-10c Land, buildings and equipment, netStart of year $320,412$294,715
X-16 Total assetsStart of year $427,855$504,060
X-17 Accounts payable and accrued expensesStart of year $2,390$3,037
X-24 Unsecured notes and loans payableStart of year $99,824$205,198
X-26 Total liabilitiesStart of year $102,214$208,235
X-31 Retained earnings or endowmentStart of year $325,641$295,825
X-32 Total net assets or fund balancesStart of year $325,641$295,825
X-33 Total liabilities and net assetsStart of year $427,855$504,060
Part XI · Reconciliation of net assets $295,825 net assets at year end
XI-1 Total revenue$196,294
XI-2 Total expenses$218,254
XI-3 Revenue less expenses−$21,960
XI-4 Net assets at start of year$325,641
XI-8 Prior period adjustments−$7,856
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$295,825

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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