Kser Foundation FY2021 filing

Tax-deductible

Everett, WA501(c)(3)Since 1994Arts & CultureEIN 91-1642834Revenue $267K in FY2021

On file with the IRSkser.org2623 Wetmore Ave, 98201-2926 · Everett, WATax-exempt since Sep 1994Publicly supported charity — 170(b)(1)(A)(vi)

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To enrich our community through local, independent public radio and other services dedicated to arts, education, ideas, and civic engagement.

501(c)(3) charity; gifts are tax-deductible.
60¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
2 of 6
filings with a surplus
Average surplus $311 a year · under 1% of revenue · last 6 filings
Worth a look: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
60%
of spending
Worth a look: 60% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
8 mo
of spending, in cash
Looks good: 8.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $79K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$10K
2% of total assets
Looks good: liabilities are 2% 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
$267K
-29% vs prior year
Spent
$306K
To programs
60%
Net assets
$474K
By yearFY2020–FY2025
Revenue
$267K
FY2021▼ -29%
Tap a bar for its year
Revenue by fiscal year
FY2020$376K
FY2021$267K
FY2022$293K
FY2023$330K
FY2024$347K
FY2025$382K
Expenses
$306K
FY2021▲ +6%
Tap a bar for its year
Expenses by fiscal year
FY2020$289K
FY2021$306K
FY2022$314K
FY2023$287K
FY2024$356K
FY2025$441K
Net assets
$474K
FY2021▼ -8%
Tap a bar for its year
Net assets by fiscal year
FY2020$512K
FY2021$474K
FY2022$453K
FY2023$497K
FY2024$488K
FY2025$429K

From the FY2021 Form 990 · 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 Sep 1994.

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

Where the money goes

60 cents of each dollar spent went to programs.

Program services 60% · $185K Management & general 24% · $74K Fundraising 15% · $47K

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

8 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice-President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
General Manager
$0Pt VII · Sec A

Tom Clendening’s $32K as General Manager is at the 27th 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.

See Kser Foundation executive salaries →

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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

Provides local public radio and services for arts, education, ideas, and civic engagement.

Provided by the organization

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1 program · $185K · in their own filed words · FY2021
01

The KSER Foundation delivers non-commercial radio programming to listeners in Snohomish and Island counties, as well as the surrounding areas via two radio stations 89.9 KXIR-FM and 90.7 KSER-FM.

$185Kprogram 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
Total grants receivedfrom 2 funders$79K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$267K
Ln 12
Gifts and grantsLn 1h$239K
Other incomeLn 4–11$27K
Investment incomeLn 3$124
Money outPt IX
$306K
Ln 25
Programscol B$185K
Managementcol C$74K
Fundraisingcol D$47K
Owns and owesPt X
$474K
net assets · Ln 32
Cash and savingsLn 1–2$214K
Total assetsLn 16$483K
LiabilitiesLn 26$10K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$239K
Government grantsLn 1e$26K
Investment incomeLn 3$124
Other incomeLn 4–11$27K
Total revenueLn 12$267K
Assets in detailPt X, end of year
CashLn 1$44K
SavingsLn 2$170K
Cash and savings togetherLn 1–2$214K
Land, buildings, equipmentLn 10c$271K
Total assetsLn 16$483K
LiabilitiesLn 26$10K
Net assetsLn 32$474K
OperationsPt I, VI
EmployeesI 54
VolunteersI 6100
Fiscal year endsHeaderDecember
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$206K$214K
Land, buildings, equipmentLn 10c$315K$271K
Total assetsLn 16$520K$483K
LiabilitiesLn 26$8K$10K
Net assetsLn 32$512K$474K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$52K$32K$10K$10K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$51K$36K$3K$13K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$10K$7K$486$2K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$6K$6K
Lobbying feesLn 11d$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$3K$2K$127$633
Information technologyLn 14$6K$4K$282$1K
RoyaltiesLn 15$437$437
OccupancyLn 16$67K$47K$3K$17K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$42$42
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$44K$44K
InsuranceLn 23$16K$16K
Other expenses (24a–d)Ln 24$45K$35K$7K$2K
All other expensesLn 24e$5K$5K
Total functional expensesLn 25$306K$185K$74K$47K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $382K$441K−$59K$429K 990 PDF
FY2024 $347K$356K−$9K$488K 990 PDF
FY2023 $330K$287K$43K$497K 990 PDF
FY2022 $293K$314K−$21K$453K 990 PDF
FY2021 Viewing $267K$306K−$39K$474K 990 PDF
FY2020 $376K$289K$86K$512K 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 $266,818 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $366,339$239,332
I-9 Program service revenue$0
I-10 Investment incomePrior year $102$124
I-11 Other revenuePrior year $9,278$27,362
I-12 Total revenuePrior year $375,719$266,818
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $130,330$113,015
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $159,169$192,631
I-18 Total expensesPrior year $289,499$305,646
I-19 Revenue less expensesPrior year $86,220−$38,828
Part VI · Governance 6 of 6 board members independent, no flags
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $266,818 across 6 lines filed
VIII-1e Government grants$25,625
VIII-1f All other contributions, gifts and grants$213,707
VIII-1h Total contributions, gifts and grants$239,332
VIII-3 Investment income$124
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)$27,362
VIII-12 Total revenue$266,818
Part IX · Statement of functional expenses $305,646 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $31,500 · Management $10,500 · Fundraising $10,500$52,500
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $35,548 · Management $2,539 · Fundraising $12,696$50,783
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $6,813 · Management $486 · Fundraising $2,433$9,732
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $5,855$5,855
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotionPrograms $1,460$1,460
IX-13 Office expensesPrograms $1,773 · Management $127 · Fundraising $633$2,533
IX-14 Information technologyPrograms $3,943 · Management $282 · Fundraising $1,408$5,633
IX-15 RoyaltiesPrograms $437$437
IX-16 OccupancyPrograms $46,724 · Management $3,338 · Fundraising $16,687$66,749
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestManagement $42$42
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationManagement $44,067$44,067
IX-23 InsurancePrograms $15,902$15,902
IX-24 Other expenses (24a–d)Programs $35,386 · Management $6,704 · Fundraising $2,477$44,567
IX-24e All other expensesPrograms $5,386$5,386
IX-25 Total functional expensesPrograms $184,872 · Management $73,940 · Fundraising $46,834$305,646
Part X · Balance sheet $483,447 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $35,396$44,456
X-2 Savings and temporary cash investmentsStart of year $170,192$170,019
X-4 Accounts receivable−$1,594
X-10c Land, buildings and equipment, netStart of year $314,633$270,566
X-16 Total assetsStart of year $520,221$483,447
X-17 Accounts payable and accrued expensesStart of year $7,941$9,895
X-26 Total liabilitiesStart of year $7,941$9,895
X-32 Total net assets or fund balancesStart of year $512,280$473,552
X-33 Total liabilities and net assetsStart of year $520,221$483,447
Part XI · Reconciliation of net assets $473,552 net assets at year end
XI-1 Total revenue$266,818
XI-2 Total expenses$305,646
XI-3 Revenue less expenses−$38,828
XI-4 Net assets at start of year$512,280
XI-8 Prior period adjustments$100
XI-10 Net assets at end of year$473,552

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

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