Kcrw Foundation INC: Nonprofit Profile, Financials & Form 990 (EIN 95-3750631)

Revenue by fiscal year
FY2020	$21.8M
FY2021	$23.7M
FY2022	$23.9M
FY2023	$22.3M
FY2024	$22.3M
FY2025	$25.5M

Expenses by fiscal year
FY2020	$21.3M
FY2021	$20.7M
FY2022	$21.7M
FY2023	$23.7M
FY2024	$25.0M
FY2025	$25.5M

Net assets by fiscal year
FY2020	$44.6M
FY2021	$53.9M
FY2022	$50.1M
FY2023	$50.9M
FY2024	$51.2M
FY2025	$54.8M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 1982.

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

Where the money goes

66 cents of each dollar spent went to programs.

66%

23%

Program services 66% · $16.9M Management & general 10% · $2.6M Fundraising 23% · $5.9M

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

40 people listed on the 990; $2.1M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII

Cheryl Glaser

Program Anchor (until 8/24)

$226,544Pt VII · Sec A

Madeleine Brand

Program Host

$226,251Pt VII · Sec A

Jill Smayo

COO Thru 12/24; Cdo Eff 1/25

$222,342Pt VII · Sec A

Tejal Ajmera

Chief Financial Officer

$208,727Pt VII · Sec A

Arnold Seipel

Chief Content Officer

$199,789Pt VII · Sec A

Scott Horner

Chief Technology Officer

$190,454Pt VII · Sec A

Gina Delvac

Head of Audience Lab

$176,634Pt VII · Sec A

Novena Wallach

Program Host

$158,951Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

Name	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Madeleine Brand	$226,251	$229,783	$218,570	$224,613	$223,104	$203,515
Cheryl Glaser	$226,544	—	—	—	—	—
Jill Smayo	$222,342	$217,712	$210,403	$201,061	$188,377	$169,246
Tejal Ajmera	$208,727	$23,699	—	—	—	—
Arnold Seipel	$199,789	$175,008	—	—	—	—
Jay Farrand Left Oct 2020	—	—	—	—	$195,505	—
Scott Horner	$190,454	$185,212	—	—	—	—
Paul Bennun Left June 2021	—	—	—	—	$186,174	—

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

Provides NPR and local news, music, and culture to curious communities.

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Provided by the organization

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3 programs · $16.9M · in their own filed words · FY2024

01

Programming and productionkcrw is driven by the spirit of los angeles and delivers NPR and local information on news, music and culture to curious communities.

$10.4Mprogram expense

02

Program information and promotionkcrw's outreach to the community, marketing and communication arm.

$3.7Mprogram expense

03

Broadcasting and engineering technical engineering and maintenance of KCRW'S equipment.

$2.9Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid

Grants received · FY2025

The Ayco Charitable FoundationFY2025$55K

Total grants receivedfrom 1 funder$55K

Grants paid · 3 grants · $50K · 2021–2024

The Santa Monica College FoundationCA · FY2024$10,000

The Santa Monica College FoundationCA · FY2023$10,000

The Santa Monica College FoundationCA · FY2021$30,000

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$25.5M

Ln 12

Gifts and grantsLn 1h$24.1M

Investment incomeLn 3$1.4M

Money outPt IX

$25.5M

Ln 25

Programscol B$16.9M

Managementcol C$2.6M

Fundraisingcol D$5.9M

Owns and owesPt X

$54.8M

net assets · Ln 32

Cash and savingsLn 1–2$6.4M

Total assetsLn 16$58.1M

LiabilitiesLn 26$3.4M

PeoplePt VI, VII

40

listed · VII A

PaidVII A11

Voting boardVI 1a29

IndependentVI 1b28

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$24.1M

Government grantsLn 1e$244K

Noncash giftsLn 1g$2.1M

Fundraising eventsLn 1c$107K

Investment incomeLn 3$1.4M

Gains on assetsLn 7$5K

Total revenueLn 12$25.5M

Assets in detailPt X, end of year

CashLn 1$3.1M

SavingsLn 2$3.2M

Cash and savings togetherLn 1–2$6.4M

InvestmentsLn 11–13$46.8M

Other assetsLn 15$855K

Total assetsLn 16$58.1M

LiabilitiesLn 26$3.4M

Net assetsLn 32$54.8M

OperationsPt I, VI

EmployeesI 5180

VolunteersI 6250

Fiscal year endsHeaderJune

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

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$5.3M	$6.4M
InvestmentsLn 11–13	$44.6M	$46.8M
Total assetsLn 16	$54.4M	$58.1M
LiabilitiesLn 26	$3.2M	$3.4M
Net assetsLn 32	$51.2M	$54.8M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$10K	$10K
Pay of current officers, directors and key staffLn 5	$1.3M	$1.0M	$196K	$123K
Other salaries and wagesLn 7	$10.1M	$7.7M	$1.5M	$950K
Pension plan contributionsLn 8	$220K	$160K	$41K	$18K
Other employee benefitsLn 9	$1.3M	$923K	$239K	$106K
Payroll taxesLn 10	$859K	$658K	$121K	$80K
Legal feesLn 11b	$364K	$210K	$12K	$143K
Accounting feesLn 11c	$68K	$39K	$2K	$27K
Professional fundraising feesLn 11e	$2.4M			$2.4M
Investment management feesLn 11f	$42K		$42K
Other fees for servicesLn 11g	$3.8M	$3.2M	$211K	$336K
Advertising and promotionLn 12	$694K			$694K
Office expensesLn 13	$889K	$182K	$42K	$665K
Information technologyLn 14	$1.6M	$1.6M	$5K	$6K
OccupancyLn 16	$544K	$544K
TravelLn 17	$43K	$14K	$10K	$18K
Conferences, conventions and meetingsLn 19	$118K	$46K	$26K	$47K
InterestLn 20	$52K	$52K
InsuranceLn 23	$132K	$14K	$118K
Other expenses (24a–d)Ln 24	$830K	$405K	$74K	$351K
All other expensesLn 24e	$210K	$188K	$22K	$424
Total functional expensesLn 25	$25.5M	$16.9M	$2.6M	$5.9M

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest Viewing	$25.5M	$25.5M	$26K	$54.8M	990 PDF
FY2024	$22.3M	$25.0M	−$2.7M	$51.2M	990 PDF
FY2023	$22.3M	$23.7M	−$1.4M	$50.9M	990 PDF
FY2022	$23.9M	$21.7M	$2.2M	$50.1M	990 PDF
FY2021	$23.7M	$20.7M	$3.0M	$53.9M	990 PDF
FY2020	$21.8M	$21.3M	$471K	$44.6M	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 FY2025 990 (6 parts)

Part I · Summary $25,518,159 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $20,895,327$24,092,056

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $1,387,462$1,430,934

I-11 Other revenuePrior year $11,148−$4,831

I-12 Total revenuePrior year $22,293,937$25,518,159

I-13 Grants and similar amounts paidPrior year $10,000$10,000

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $15,066,835$13,795,304

I-16a Professional fundraising feesPrior year $2,190,778$2,362,868

I-17 Other expensesPrior year $7,749,310$9,324,276

I-18 Total expensesPrior year $25,016,923$25,492,448

I-19 Revenue less expensesPrior year −$2,722,986$25,711

Part VI · Governance 28 of 29 board members independent, no flags

VI-1a Voting members of the governing body29

VI-1b Independent voting members28

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 $25,518,159 across 12 lines filed

VIII-1b Membership dues$12,815,727

VIII-1c Fundraising events$107,118

VIII-1e Government grants$243,779

VIII-1f All other contributions, gifts and grants$10,925,432

VIII-1g Noncash contributions (included above)$2,092,738

VIII-1h Total contributions, gifts and grants$24,092,056

VIII-3 Investment incomeExcluded from tax $1,425,710$1,425,710

VIII-5 RoyaltiesExcluded from tax $8,668$8,668

VIII-7 Net gain or loss on sales of assetsExcluded from tax $5,224$5,224

VIII-8 Net income from fundraising eventsExcluded from tax −$49,673−$49,673

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $36,174$36,174

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $1,426,103$25,518,159

Part IX · Statement of functional expenses $25,492,448 across 21 lines filed

IX-1 Grants to domestic organizationsPrograms $10,000$10,000

IX-5 Pay of current officers, directors and key staffPrograms $1,001,676 · Management $196,483 · Fundraising $122,951$1,321,110

IX-7 Other salaries and wagesPrograms $7,702,874 · Management $1,473,696 · Fundraising $950,204$10,126,774

IX-8 Pension plan contributionsPrograms $160,129 · Management $41,482 · Fundraising $18,380$219,991

IX-9 Other employee benefitsPrograms $923,252 · Management $239,169 · Fundraising $105,974$1,268,395

IX-10 Payroll taxesPrograms $658,338 · Management $120,826 · Fundraising $79,870$859,034

IX-11b Legal feesPrograms $209,681 · Management $11,980 · Fundraising $142,504$364,165

IX-11c Accounting feesPrograms $39,366 · Management $2,249 · Fundraising $26,754$68,369

IX-11e Professional fundraising feesFundraising $2,362,868$2,362,868

IX-11f Investment management feesManagement $41,835$41,835

IX-11g Other fees for servicesPrograms $3,228,893 · Management $211,480 · Fundraising $336,455$3,776,828

IX-12 Advertising and promotionFundraising $694,335$694,335

IX-13 Office expensesPrograms $181,605 · Management $42,114 · Fundraising $665,187$888,906

IX-14 Information technologyPrograms $1,550,253 · Management $5,261 · Fundraising $5,831$1,561,345

IX-16 OccupancyPrograms $543,598$543,598

IX-17 TravelPrograms $13,885 · Management $10,188 · Fundraising $18,480$42,553

IX-19 Conferences, conventions and meetingsPrograms $45,657 · Management $25,765 · Fundraising $46,738$118,160

IX-20 InterestPrograms $51,911$51,911

IX-23 InsurancePrograms $14,196 · Management $117,603$131,799

IX-24 Other expenses (24a–d)Programs $404,934 · Management $73,599 · Fundraising $351,495$830,028

IX-24e All other expensesPrograms $187,634 · Management $22,386 · Fundraising $424$210,444

IX-25 Total functional expensesPrograms $16,927,882 · Management $2,636,116 · Fundraising $5,928,450$25,492,448

Part X · Balance sheet $58,148,231 assets, 14 lines filed

X-1 Cash, non-interest-bearingStart of year $1,776,301$3,136,298

X-2 Savings and temporary cash investmentsStart of year $3,484,562$3,224,997

X-3 Pledges and grants receivableStart of year $3,199,013$3,786,542

X-9 Prepaid expenses and deferred chargesStart of year $393,624$392,202

X-11 Publicly traded securitiesStart of year $44,585,288$46,753,534

X-15 Other assetsStart of year $970,631$854,658

X-16 Total assetsStart of year $54,409,419$58,148,231

X-17 Accounts payable and accrued expensesStart of year $2,305,820$2,606,998

X-25 Other liabilitiesStart of year $920,408$752,361

X-26 Total liabilitiesStart of year $3,226,228$3,359,359

X-27 Net assets without donor restrictionsStart of year $46,803,465$51,729,669

X-28 Net assets with donor restrictionsStart of year $4,379,726$3,059,203

X-32 Total net assets or fund balancesStart of year $51,183,191$54,788,872

X-33 Total liabilities and net assetsStart of year $54,409,419$58,148,231

Part XI · Reconciliation of net assets $54,788,872 net assets at year end

XI-1 Total revenue$25,518,159

XI-2 Total expenses$25,492,448

XI-3 Revenue less expenses$25,711

XI-4 Net assets at start of year$51,183,191

XI-5 Net unrealized gains (losses) on investments$3,490,013

XI-6 Donated services and use of facilities$96,850

XI-9 Other changes in net assets−$6,893

XI-10 Net assets at end of year$54,788,872

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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