Wslr INC FY2021 filing

Tax-deductible

Sarasota, FL501(c)(3)Arts & CultureEIN 56-2485148Revenue $316K in FY2021

On file with the IRSwslr.org525 Kumquat CT, 34236-5033 · Sarasota, FLTax-exempt since May 2005Publicly supported charity — 170(b)(1)(A)(vi)

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Operate a community radio station and a community arts center.

501(c)(3) charity; gifts are tax-deductible.
64¢ of each $1 spent went to programs.
$70K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $98K a year · 17% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
64%
of spending
Worth a look: 64% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$70K
to officers and key staff · 29% of spending
Worth a look: pay to officers and key staff is 29% of spending; over 20%.
Pt VII · Sec A
Cash reserves
17 mo
of spending, in cash
Looks good: 17.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
12
named funders · $89K
Looks good: 12 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$479K
54% of total assets
Fine: liabilities are 54% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$316K
Spent
$244K
To programs
64%
Net assets
$401K
By yearFY2021–FY2025
Revenue
$316K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$316K
FY2022$540K
FY2023$541K
FY2024$708K
FY2025$807K
Expenses
$244K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$244K
FY2022$329K
FY2023$488K
FY2024$584K
FY2025$779K
Net assets
$401K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$401K
FY2022$602K
FY2023$693K
FY2024$805K
FY2025$859K

From the FY2021 Form 990 (year ending July 2021) · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 2005.

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

Where the money goes

64 cents of each dollar spent went to programs.

Program services 64% · $156K Management & general 27% · $65K Fundraising 9% · $22K

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

13 people listed on the 990; $70K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$25,693Pt VII · Sec A
$23,741Pt VII · Sec A
$20,741Pt VII · Sec A
$0Pt VII · Sec A
Programming
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Annie Murphy’s $26K as Manager is at the 21st percentile of top reported officer pay among 2216 $100K–1M 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.

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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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Operates a community radio station and arts center.

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Provided by the organization

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2 programs · $156K · in their own filed words · FY2020
01

Operates a low power FM community radio station. Provides for equipment, facilities, and other costs necessary for broadcasting 365 days a year.

$140Kprogram expense
02

Operation of community and media arts center.

$16Kprogram 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 · FY2024
See all 12 funders →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$316K
Ln 12
Gifts and grantsLn 1h$280K
Fees for servicesLn 2g$35K
Investment incomeLn 3$372
Money outPt IX
$244K
Ln 25
Programscol B$156K
Managementcol C$65K
Fundraisingcol D$22K
Owns and owesPt X
$401K
net assets · Ln 32
Cash and savingsLn 1–2$353K
Total assetsLn 16$881K
LiabilitiesLn 26$479K
PeoplePt VI, VII
13
listed · VII A
PaidVII A3
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$280K
Government grantsLn 1e$71K
Noncash giftsLn 1g$525
Fees for servicesLn 2g$35K
Investment incomeLn 3$372
Total revenueLn 12$316K
Assets in detailPt X, end of year
CashLn 1$353K
Cash and savings togetherLn 1–2$353K
Land, buildings, equipmentLn 10c$513K
Total assetsLn 16$881K
LiabilitiesLn 26$479K
Net assetsLn 32$401K
OperationsPt I, VI
EmployeesI 59
VolunteersI 6125
Fiscal year endsHeaderJuly
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$144K$353K
Land, buildings, equipmentLn 10c$527K$513K
Total assetsLn 16$746K$881K
LiabilitiesLn 26$408K$479K
Net assetsLn 32$338K$401K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$69K$41K$14K$14K
Other salaries and wagesLn 7$32K$19K$6K$6K
Payroll taxesLn 10$9K$6K$2K$2K
Advertising and promotionLn 12$9K$9K
Office expensesLn 13$755$755
OccupancyLn 16$8K$8K
Conferences, conventions and meetingsLn 19$1K$1K
InterestLn 20$14K$14K
Depreciation, depletion and amortizationLn 22$5K$5K
InsuranceLn 23$5K$5K
Other expenses (24a–d)Ln 24$81K$81K
All other expensesLn 24e$8K$8K$39
Total functional expensesLn 25$244K$156K$65K$22K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $807K$779K$28K$859K 990 PDF
FY2024 $708K$584K$124K$805K 990 PDF
FY2023 $541K$488K$53K$693K 990 PDF
FY2022 $540K$329K$211K$602K 990 PDF
FY2021 Viewing $316K$244K$72K$401K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $315,644 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $217,354$280,312
I-9 Program service revenuePrior year $97,792$34,960
I-10 Investment incomePrior year $397$372
I-11 Other revenuePrior year $19,989$0
I-12 Total revenuePrior year $335,532$315,644
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $123,918$110,688
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $168,070$132,936
I-18 Total expensesPrior year $291,988$243,624
I-19 Revenue less expensesPrior year $43,544$72,020
Part VI · Governance 10 of 10 board members independent, 2 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $315,644 across 8 lines filed
VIII-1b Membership dues$131,563
VIII-1e Government grants$71,454
VIII-1f All other contributions, gifts and grants$77,295
VIII-1g Noncash contributions (included above)$525
VIII-1h Total contributions, gifts and grants$280,312
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $34,960$34,960
VIII-3 Investment incomeRelated to mission $372$372
VIII-12 Total revenueRelated to mission $35,332$315,644
Part IX · Statement of functional expenses $243,624 across 12 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $41,386 · Management $13,795 · Fundraising $13,795$68,976
IX-7 Other salaries and wagesPrograms $19,453 · Management $6,485 · Fundraising $6,485$32,423
IX-10 Payroll taxesPrograms $5,573 · Management $1,858 · Fundraising $1,858$9,289
IX-12 Advertising and promotionPrograms $8,763$8,763
IX-13 Office expensesManagement $755$755
IX-16 OccupancyManagement $8,287$8,287
IX-19 Conferences, conventions and meetingsManagement $1,343$1,343
IX-20 InterestManagement $14,287$14,287
IX-22 Depreciation, depletion and amortizationManagement $5,484$5,484
IX-23 InsuranceManagement $4,668$4,668
IX-24 Other expenses (24a–d)Programs $80,989$80,989
IX-24e All other expensesManagement $8,321 · Fundraising $39$8,360
IX-25 Total functional expensesPrograms $156,164 · Management $65,283 · Fundraising $22,177$243,624
Part X · Balance sheet $880,642 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $143,581$353,470
X-4 Accounts receivableStart of year $9,605$9,705
X-8 Inventories for sale or useStart of year $621$757
X-9 Prepaid expenses and deferred charges$4,000
X-10c Land, buildings and equipment, netStart of year $526,560$512,710
X-16 Total assetsStart of year $746,028$880,642
X-17 Accounts payable and accrued expensesStart of year $9,253$1,910
X-19 Deferred revenueStart of year $13,720$103,508
X-24 Unsecured notes and loans payableStart of year $21,800$23,104
X-25 Other liabilities$1,576
X-26 Total liabilitiesStart of year $408,476$479,437
X-27 Net assets without donor restrictionsStart of year $322,552$386,205
X-28 Net assets with donor restrictionsStart of year $15,000$15,000
X-32 Total net assets or fund balancesStart of year $337,552$401,205
X-33 Total liabilities and net assetsStart of year $746,028$880,642
Part XI · Reconciliation of net assets $401,205 net assets at year end
XI-1 Total revenue$315,644
XI-2 Total expenses$243,624
XI-3 Revenue less expenses$72,020
XI-4 Net assets at start of year$337,552
XI-8 Prior period adjustments$1,127
XI-9 Other changes in net assets−$9,494
XI-10 Net assets at end of year$401,205

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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