Classical 98 1: FY2023 Nonprofit Profile & Form 990 (EIN 27-3067797)

Brenda Barnes’s $207K as CEO is at the 86th percentile of top reported officer pay among 3924 $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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Questions the 990 asks

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

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Cultivating classical music's appreciation through growth, diversity, and enrichment.

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3 programs · $3.3M · in their own filed words · FY2023

01

Classical king 98.1 was founded in 1948 and became a public radio station in 2011. King FM reaches more than 220,000 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.

$2.5Mprogram expense

02

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…

$783Kprogram expense

03

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.

$24Kprogram 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 · FY2025

Corporation for Public BroadcastingFY2025$22K

Total grants receivedfrom 1 funder$22K

By the numbers

The FY2023 990, line by line.

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1The main four

Money inPt VIII

$5.1M

Ln 12

Gifts and grantsLn 1h$4.7M

Fees for servicesLn 2g$314K

Investment incomeLn 3$182K

Money outPt IX

$5.3M

Ln 25

Programscol B$3.3M

Managementcol C$471K

Fundraisingcol D$1.6M

Owns and owesPt X

$8.4M

net assets · Ln 32

Cash and savingsLn 1–2$6.2M

Total assetsLn 16$10.6M

LiabilitiesLn 26$2.2M

PeoplePt VI, VII

19

listed · VII A

PaidVII A4

Voting boardVI 1a15

IndependentVI 1b15

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$4.7M

Government grantsLn 1e$333K

Noncash giftsLn 1g$210K

Fees for servicesLn 2g$314K

Investment incomeLn 3$182K

Gains on assetsLn 7−$141

Total revenueLn 12$5.1M

Assets in detailPt X, end of year

CashLn 1$3.3M

SavingsLn 2$2.9M

Cash and savings togetherLn 1–2$6.2M

Land, buildings, equipmentLn 10c$1.4M

Other assetsLn 15$2.0M

Total assetsLn 16$10.6M

LiabilitiesLn 26$2.2M

Net assetsLn 32$8.4M

OperationsPt I, VI

EmployeesI 529

VolunteersI 628

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY23	End FY23
Cash and savingsLn 1–2	$6.2M	$6.2M
Land, buildings, equipmentLn 10c	$1.7M	$1.4M
Total assetsLn 16	$10.6M	$10.6M
LiabilitiesLn 26	$2.4M	$2.2M
Net assetsLn 32	$8.2M	$8.4M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Pay of current officers, directors and key staffLn 5	$222K	$146K	$16K	$59K
Other salaries and wagesLn 7	$2.1M	$1.4M	$151K	$556K
Other employee benefitsLn 9	$230K	$130K	$29K	$72K
Payroll taxesLn 10	$204K	$120K	$22K	$61K
Professional fundraising feesLn 11e	$126K			$126K
Other fees for servicesLn 11g	$253K	$182K	$72K
Advertising and promotionLn 12	$41K	$41K
Office expensesLn 13	$484K	$285K	$95K	$104K
TravelLn 17	$30K	$13K	$4K	$14K
Conferences, conventions and meetingsLn 19	$6K	$823	$2K	$3K
Depreciation, depletion and amortizationLn 22	$287K	$273K	$14K
InsuranceLn 23	$51K	$39K	$12K	$592
Other expenses (24a–d)Ln 24	$1.2M	$607K	$41K	$572K
All other expensesLn 24e	$102K	$57K	$14K	$31K
Total functional expensesLn 25	$5.3M	$3.3M	$471K	$1.6M

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest	$2.5M	$2.4M	$97K	$8.6M	990 PDF
FY2023 Viewing	$5.1M	$5.3M	−$180K	$8.4M	990 PDF
FY2022	$6.1M	$4.9M	$1.2M	$8.2M	990 PDF
FY2021	$5.2M	$4.6M	$593K	$7.4M	990 PDF
FY2020	$5.2M	$4.1M	$1.1M	$6.7M	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash J · Pay O · Explanations

See the full FY2023 990 (6 parts)

Part I · Summary $5,149,809 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $5,945,704$4,653,600

I-9 Program service revenue$314,437

I-10 Investment incomePrior year $53,649$181,772

I-11 Other revenuePrior year $60,000$0

I-12 Total revenuePrior year $6,059,353$5,149,809

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefitsPrior year $2,346,941$2,729,648

I-16a Professional fundraising feesPrior year $257,833$125,875

I-17 Other expensesPrior year $2,263,651$2,474,108

I-18 Total expensesPrior year $4,868,425$5,329,631

I-19 Revenue less expensesPrior year $1,190,928−$179,822

Part VI · Governance 15 of 15 board members independent, 1 to look at

VI-1a Voting members of the governing body15

VI-1b Independent voting members15

VI-14 Document retention and destruction policyNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $5,149,809 across 9 lines filed

VIII-1b Membership dues$4,099,385

VIII-1e Government grants$333,312

VIII-1f All other contributions, gifts and grants$220,903

VIII-1g Noncash contributions (included above)$210,163

VIII-1h Total contributions, gifts and grants$4,653,600

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $314,437$314,437

VIII-3 Investment incomeExcluded from tax $181,913$181,913

VIII-7 Net gain or loss on sales of assetsRelated to mission −$141−$141

VIII-12 Total revenueRelated to mission $314,296 · Excluded from tax $181,913$5,149,809

Part IX · Statement of functional expenses $5,329,631 across 14 lines filed

IX-5 Pay of current officers, directors and key staffPrograms $146,382 · Management $16,119 · Fundraising $59,465$221,966

IX-7 Other salaries and wagesPrograms $1,367,753 · Management $150,617 · Fundraising $555,629$2,073,999

IX-9 Other employee benefitsPrograms $129,531 · Management $28,566 · Fundraising $71,992$230,089

IX-10 Payroll taxesPrograms $119,798 · Management $22,423 · Fundraising $61,373$203,594

IX-11e Professional fundraising feesFundraising $125,875$125,875

IX-11g Other fees for servicesPrograms $181,773 · Management $71,646$253,419

IX-12 Advertising and promotionPrograms $40,750$40,750

IX-13 Office expensesPrograms $284,974 · Management $95,260 · Fundraising $103,849$484,083

IX-17 TravelPrograms $12,572 · Management $3,513 · Fundraising $13,564$29,649

IX-19 Conferences, conventions and meetingsPrograms $823 · Management $1,626 · Fundraising $3,180$5,629

IX-22 Depreciation, depletion and amortizationPrograms $272,503 · Management $14,342$286,845

IX-23 InsurancePrograms $38,874 · Management $11,577 · Fundraising $592$51,043

IX-24 Other expenses (24a–d)Programs $607,464 · Management $40,668 · Fundraising $572,281$1,220,413

IX-24e All other expensesPrograms $57,144 · Management $14,156 · Fundraising $30,977$102,277

IX-25 Total functional expensesPrograms $3,260,341 · Management $470,513 · Fundraising $1,598,777$5,329,631

Part X · Balance sheet $10,611,950 assets, 16 lines filed

X-1 Cash, non-interest-bearingStart of year $4,214,036$3,291,113

X-2 Savings and temporary cash investmentsStart of year $2,004,381$2,870,433

X-3 Pledges and grants receivableStart of year $122,000$86,500

X-4 Accounts receivableStart of year $294,196$267,691

X-9 Prepaid expenses and deferred chargesStart of year $105,175$93,563

X-10c Land, buildings and equipment, netStart of year $1,694,007$1,407,161

X-14 Intangible assets$595,507

X-15 Other assetsStart of year $2,143,376$1,999,982

X-16 Total assetsStart of year $10,577,171$10,611,950

X-17 Accounts payable and accrued expensesStart of year $17,934$77,186

X-25 Other liabilitiesStart of year $2,337,613$2,169,291

X-26 Total liabilitiesStart of year $2,355,547$2,246,477

X-27 Net assets without donor restrictionsStart of year $7,218,380$7,463,371

X-28 Net assets with donor restrictionsStart of year $1,003,244$902,102

X-32 Total net assets or fund balancesStart of year $8,221,624$8,365,473

X-33 Total liabilities and net assetsStart of year $10,577,171$10,611,950

Part XI · Reconciliation of net assets $8,365,473 net assets at year end

XI-1 Total revenue$5,149,809

XI-2 Total expenses$5,329,631

XI-3 Revenue less expenses−$179,822

XI-4 Net assets at start of year$8,221,624

XI-5 Net unrealized gains (losses) on investments$282,780

XI-6 Donated services and use of facilities$40,750

XI-10 Net assets at end of year$8,365,473

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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Classical 98 1 FY2023 filing

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