Classical 98 1
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Cultivating classical music's appreciation through growth, diversity, and enrichment. For fiscal year 2024 it reported $2.5M in revenue, $2.4M in expenses, and $8.6M in net assets.Pt I
Summary of the Filing
Where the work happens
Classical king 98.1 was founded in 1948 and became a public radio station in 2011. King FM reaches more than 250,000 listeners each week, offering commercial-free classical music 24 hours a day over the air throughout the puget sound region and globally via online streams.
Classical 98.1 uses a wide spectrum of technologies to deliver the highest quality experience on air and online. In addition to a full-powered analog FM broadcast signal, king FM transmits additional channels of classical music using a state-of-the-art HD digital signal that allows over-the-air cd-quality reception of the main king FM…
Classical 98.1 is committed to supporting the arts community and to making classical music accessible to all through new partnerships. Local classical music performing organizations are still struggling in bringing audiences back after the pandemic. This is impacting their financial well-being as well.
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Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Brenda Barnes’s $207K as CEO is at the 86th percentile of top reported officer pay among 3916 $1–10M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 7 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Brenda Barnes | $207,345 | $221,966 | $217,932 | $185,347 | $208,515 |
| Rina Romero | $161,012 | $149,005 | $120,165 | $101,557 | — |
| Michelle M Simonsen | $155,694 | — | — | — | — |
| Barbara Dolby | — | $131,218 | $127,274 | — | — |
| Blaine Shepherd | — | — | — | $130,235 | $113,347 |
| Dave C Beck | — | $112,205 | $113,308 | — | — |
| David C Beck | $109,229 | — | — | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 118% | — | — |
| Overhead ratio | 26% | — | — |
| Fundraising cost ratio | 36% | — | — |
| Revenue growth | -52% | — | — |
| Fundraising fee ratio | 2% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
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Filings & Schedule Manifest
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Sources
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