Kcrw Foundation INC FY2021 filing

Tax-deductible

Santa Monica, CA501(c)(3)Since 1981EIN 95-3750631Revenue $23.7M in FY2021

On file with the IRSkcrw.com1900 Pico Blvd, 90405-1628 · Santa Monica, CATax-exempt since Aug 1982College/university support org — 170(b)(1)(A)(iv)

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

501(c)(3) charity; gifts are tax-deductible.
63¢ of each $1 spent went to programs.
$1.6M 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
4 of 6
filings with a surplus
Average surplus $262K a year · 1% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
63%
of spending
Worth a look: 63% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.6M
to officers and key staff · 8% of spending
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 4.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $55K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2.8M
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
26
of 27 voting members
Looks good: 26 of 27 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$23.7M
+9% vs prior year
Spent
$20.7M
To programs
63%
Net assets
$53.9M
By yearFY2020–FY2025
Revenue
$23.7M
FY2021▲ +9%
Tap a bar for its year
Revenue by fiscal year
FY2020$21.8M
FY2021$23.7M
FY2022$23.9M
FY2023$22.3M
FY2024$22.3M
FY2025$25.5M
Expenses
$20.7M
FY2021▼ -3%
Tap a bar for its year
Expenses by fiscal year
FY2020$21.3M
FY2021$20.7M
FY2022$21.7M
FY2023$23.7M
FY2024$25.0M
FY2025$25.5M
Net assets
$53.9M
FY2021▲ +21%
Tap a bar for its year
Net assets by fiscal year
FY2020$44.6M
FY2021$53.9M
FY2022$50.1M
FY2023$50.9M
FY2024$51.2M
FY2025$54.8M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · 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 Aug 1982.

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

Where the money goes

63 cents of each dollar spent went to programs.

Program services 63% · $13.1M Management & general 15% · $3.2M Fundraising 21% · $4.4M

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

37 people listed on the 990; $1.6M 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
Program Host
$223,104Pt VII · Sec A
Head of Marketing
$195,505Pt VII · Sec A
Chief Operating Officer
$188,377Pt VII · Sec A
Chief Content Officer
$186,174Pt VII · Sec A
Music Director
$182,033Pt VII · Sec A
Chief Financial Officer
$170,782Pt VII · Sec A
Head of Development
$157,991Pt VII · Sec A
Head of Membership
$133,609Pt VII · Sec A

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

NameFY2025FY2024FY2023FY2022FY2021FY2020
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.

Questions for Kcrw Foundation INC

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Provided by the organization

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3 programs · $13.1M · in their own filed words · FY2020
01

Programming and productionkcrw produces unique programming that reflects KCRW'S mission and values.

$8.2Mprogram expense
02

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

$3.2Mprogram expense
03

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

$1.6Mprogram 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
Total grants receivedfrom 1 funder$55K
Grants paid · 3 grants · $50K · 2021–2024

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$23.7M
Ln 12
Gifts and grantsLn 1h$22.7M
Investment incomeLn 3$861K
Other incomeLn 4–11$95K
Money outPt IX
$20.7M
Ln 25
Programscol B$13.1M
Managementcol C$3.2M
Fundraisingcol D$4.4M
Owns and owesPt X
$53.9M
net assets · Ln 32
Cash and savingsLn 1–2$7.6M
Total assetsLn 16$56.6M
LiabilitiesLn 26$2.8M
PeoplePt VI, VII
37
listed · VII A
PaidVII A9
Voting boardVI 1a27
IndependentVI 1b26
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$22.7M
Government grantsLn 1e$2.0M
Noncash giftsLn 1g$1.4M
Investment incomeLn 3$861K
Other incomeLn 4–11$95K
Gains on assetsLn 7−$31
Total revenueLn 12$23.7M
Assets in detailPt X, end of year
CashLn 1$7.1M
SavingsLn 2$559K
Cash and savings togetherLn 1–2$7.6M
InvestmentsLn 11–13$44.9M
Other assetsLn 15$82K
Total assetsLn 16$56.6M
LiabilitiesLn 26$2.8M
Net assetsLn 32$53.9M
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
LineStart FY21End FY21
Cash and savingsLn 1–2$7.5M$7.6M
InvestmentsLn 11–13$38.6M$44.9M
Total assetsLn 16$48.2M$56.6M
LiabilitiesLn 26$3.6M$2.8M
Net assetsLn 32$44.6M$53.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$704K$547K$120K$37K
Other salaries and wagesLn 7$10.2M$7.9M$1.7M$543K
Pension plan contributionsLn 8$174K$137K$30K$7K
Other employee benefitsLn 9$1.1M$885K$192K$47K
Payroll taxesLn 10$802K$643K$116K$43K
Legal feesLn 11b$352K$352K
Accounting feesLn 11c$82K$82K
Professional fundraising feesLn 11e$2.5M$2.5M
Investment management feesLn 11f$38K$38K
Other fees for servicesLn 11g$1.6M$1.1M$364K$82K
Advertising and promotionLn 12$459K$195K$6K$258K
Office expensesLn 13$842K$229K$33K$580K
Information technologyLn 14$706K$595K$28K$83K
OccupancyLn 16$548K$548K
TravelLn 17$4K$3K$1K$469
Conferences, conventions and meetingsLn 19$20K$12K$6K$2K
InsuranceLn 23$62K$8K$54K
Other expenses (24a–d)Ln 24$465K$233K$29K$203K
All other expensesLn 24e$21K$14K$6K$2K
Total functional expensesLn 25$20.7M$13.1M$3.2M$4.4M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $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 Viewing $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 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 $23,681,553 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $20,511,116$22,725,717
I-9 Program service revenuePrior year $240,907$0
I-10 Investment incomePrior year $941,482$860,729
I-11 Other revenuePrior year $81,798$95,107
I-12 Total revenuePrior year $21,775,303$23,681,553
I-13 Grants and similar amounts paidPrior year $1,000$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $11,839,176$13,037,926
I-16a Professional fundraising feesPrior year $2,317,954$2,506,631
I-17 Other expensesPrior year $7,146,007$5,158,367
I-18 Total expensesPrior year $21,304,137$20,702,924
I-19 Revenue less expensesPrior year $471,166$2,978,629
Part VI · Governance 26 of 27 board members independent, no flags
VI-1a Voting members of the governing body27
VI-1b Independent voting members26
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 $23,681,553 across 9 lines filed
VIII-1b Membership dues$9,648,706
VIII-1e Government grants$2,030,601
VIII-1f All other contributions, gifts and grants$11,046,410
VIII-1g Noncash contributions (included above)$1,383,582
VIII-1h Total contributions, gifts and grants$22,725,717
VIII-3 Investment incomeExcluded from tax $860,760$860,760
VIII-5 RoyaltiesExcluded from tax $95,107$95,107
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$31−$31
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $955,836$23,681,553
Part IX · Statement of functional expenses $20,702,924 across 19 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $547,326 · Management $120,081 · Fundraising $37,029$704,436
IX-7 Other salaries and wagesPrograms $7,945,846 · Management $1,744,179 · Fundraising $543,045$10,233,070
IX-8 Pension plan contributionsPrograms $137,220 · Management $29,778 · Fundraising $7,288$174,286
IX-9 Other employee benefitsPrograms $884,741 · Management $191,998 · Fundraising $46,992$1,123,731
IX-10 Payroll taxesPrograms $643,482 · Management $115,938 · Fundraising $42,983$802,403
IX-11b Legal feesManagement $352,009$352,009
IX-11c Accounting feesManagement $81,610$81,610
IX-11e Professional fundraising feesFundraising $2,506,631$2,506,631
IX-11f Investment management feesManagement $38,248$38,248
IX-11g Other fees for servicesPrograms $1,110,965 · Management $364,412 · Fundraising $82,339$1,557,716
IX-12 Advertising and promotionPrograms $194,926 · Management $6,200 · Fundraising $258,054$459,180
IX-13 Office expensesPrograms $229,141 · Management $32,988 · Fundraising $580,348$842,477
IX-14 Information technologyPrograms $594,857 · Management $27,933 · Fundraising $83,436$706,226
IX-16 OccupancyPrograms $547,927$547,927
IX-17 TravelPrograms $2,501 · Management $1,480 · Fundraising $469$4,450
IX-19 Conferences, conventions and meetingsPrograms $12,057 · Management $6,011 · Fundraising $1,906$19,974
IX-23 InsurancePrograms $8,198 · Management $53,927$62,125
IX-24 Other expenses (24a–d)Programs $233,338 · Management $28,603 · Fundraising $203,082$465,023
IX-24e All other expensesPrograms $13,596 · Management $5,588 · Fundraising $2,218$21,402
IX-25 Total functional expensesPrograms $13,106,121 · Management $3,200,983 · Fundraising $4,395,820$20,702,924
Part X · Balance sheet $56,643,852 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $7,198,547$7,052,523
X-2 Savings and temporary cash investmentsStart of year $251,465$558,695
X-3 Pledges and grants receivableStart of year $1,860,443$3,740,557
X-9 Prepaid expenses and deferred chargesStart of year $266,320$319,712
X-11 Publicly traded securitiesStart of year $38,619,081$44,890,321
X-15 Other assetsStart of year $38,120$82,044
X-16 Total assetsStart of year $48,233,976$56,643,852
X-17 Accounts payable and accrued expensesStart of year $1,922,919$2,764,418
X-26 Total liabilitiesStart of year $3,644,319$2,764,418
X-27 Net assets without donor restrictionsStart of year $36,301,455$45,487,098
X-28 Net assets with donor restrictionsStart of year $8,288,202$8,392,336
X-32 Total net assets or fund balancesStart of year $44,589,657$53,879,434
X-33 Total liabilities and net assetsStart of year $48,233,976$56,643,852
Part XI · Reconciliation of net assets $53,879,434 net assets at year end
XI-1 Total revenue$23,681,553
XI-2 Total expenses$20,702,924
XI-3 Revenue less expenses$2,978,629
XI-4 Net assets at start of year$44,589,657
XI-5 Net unrealized gains (losses) on investments$5,712,006
XI-9 Other changes in net assets$599,142
XI-10 Net assets at end of year$53,879,434

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

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