2026-06-17T16:19:29-05:00 2025-12-31 911194016 CLARK NUBER PS 555 110TH AVE NE SUITE 700 BELLEVUE WA 98004 990 2025-01-01 912061474 FRIENDS OF KEXP FRIE 2065205800 472 1ST AVE N SEATTLE WA 981094721 ETHAN RAUP PRESIDENT & CEO 2065205800 2026-06-17 1 MEGAN R RYAN P00737884 4254544919 2026-06-15 2025 2025-03-06 01:10:19Z KEXP-FM ETHAN RAUP 472 1ST AVE N SEATTLE WA 981094721 24366121 0 X WWW.KEXP.ORG X 2001 WA KEXP'S MISSION IS TO ENRICH YOUR LIFE BY CHAMPIONING MUSIC AND DISCOVERY. 23 23 156 339 36763 35763 13854758 16958299 21600 22422 406836 478125 1357822 1283710 15641016 18742556 0 0 0 0 12317161 12927625 0 0 5432639 7152924 7739413 19470085 20667038 -3829069 -1924482 31148305 29442771 12137252 11773995 19011053 17668776 KEXP'S MISSION IS TO ENRICH YOUR LIFE BY CHAMPIONING MUSIC AND DISCOVERY. 0 0 7480526 0 KEXP OPERATES KEXP-FM 90.3 IN SEATTLE, WA, AND KEXC-FM 92.7 IN ALAMEDA, CA, REACHING A COMBINED AVERAGE OF 234,000 WEEKLY LISTENERS WITH DJ-CURATED MUSIC DISCOVERY PROGRAMMING, INCLUDING VARIETY MIXES, GENRE-FOCUSED MIXES, LIVE PERFORMANCES, AND SPECIAL BROADCASTS. 3946331 0 KEXP DELIVERS GLOBAL MUSIC DISCOVERY ONLINE THROUGH LIVE AND ON DEMAND RADIO STREAMING, PODCASTS, EDITORIAL CONTENT, LIVE IN-STUDIO SESSION VIDEOS, AND SOCIAL MEDIA CONTENT, REACHING MORE THAN 2 MILLION PEOPLE EACH WEEK. 2158756 50588 KEXP PRODUCES MUSIC DISCOVERY EVENTS AND FOSTERS COMMUNITY ENGAGEMENT THROUGH CONCERTS, LIVE INSTUDIO SESSIONS, ARTIST DISCUSSIONS, AND RELATED PROGRAMS IN SEATTLE, THE BAY AREA, AND OTHER LOCATIONS, REACHING THOUSANDS OF ATTENDEES EACH YEAR. 13585613 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 53 0 156 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 X 23 23 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AL AK AR CO CT FL GA HI IL KS KY LA ME MD MA MI MS MO NV NH NJ NM NY NC OH OK OR PA RI SC TN VA WA WV WI OK WA WV WI X ATHENA SEARS 2065205800 472 1ST AVE N SEATTLE WA 981094721 CINDY BOLTON CHAIR 8.00 X X 0 0 0 WILL DAUGHERTY VICE CHAIR 7.00 X X 0 0 0 ERIKA SANCHEZ TREASURER 7.00 X X 0 0 0 HEATHER SNAVELY SECRETARY 7.00 X X 0 0 0 MEGAN JASPER DIRECTOR 7.00 X 0 0 0 EMILY ANDERSON DIRECTOR 5.00 X 0 0 0 NABIL AYERS DIRECTOR 5.00 X 0 0 0 JERRY CHIANG DIRECTOR 7.00 X 0 0 0 ALEJANDRO CHOUZA DIRECTOR 7.00 X 0 0 0 ZOE CORNELI DIRECTOR 5.00 X 0 0 0 KIRT DEBIQUE DIRECTOR 5.00 X 0 0 0 JON KERTZER DIRECTOR 5.00 X 0 0 0 JORDAN KURLAND DIRECTOR 5.00 X 0 0 0 OSCAR MRAZ DIRECTOR 5.00 X 0 0 0 ERIK NORDSTROM DIRECTOR 5.00 X 0 0 0 SCOTT REDMAN DIRECTOR 5.00 X 0 0 0 JEFF SEELY DIRECTOR 5.00 X 0 0 0 JYOTI SHUKLA DIRECTOR 5.00 X 0 0 0 JILL SINGH DIRECTOR 5.00 X 0 0 0 LISA THOMAS DIRECTOR 7.00 X 0 0 0 NICOLE VANDENBERG DIRECTOR 5.00 X 0 0 0 NANCY WARD DIRECTOR 7.00 X 0 0 0 ADAM ZACKS DIRECTOR 5.00 X 0 0 0 MIKHAEL MEI WILLIAMS DIRECTOR 4.00 X 0 0 0 ETHAN RAUP PRESIDENT & CEO 40.00 X 234268 0 53461 REBECCA DENK CHIEF FINANCIAL OFFICER 40.00 X 188834 0 41015 CYRUS DESPRES INTERIM CHIEF FINANCIAL OFFICER 40.00 X 164197 0 26789 RAMBERTO TORRUELLA CHIEF TECHNOLOGY OFFICER 40.00 X 237375 0 21828 THOMAS SMITH DIRECTOR OF STRATEGIC REL & DEV 40.00 X 172990 0 27682 CHRISTOPHER KELLOGG CHIEF PROGRAMMING OFFICER 40.00 X 175332 0 23768 JOHN RICHARDS CREATIVE DIRECTOR, ON-AIR & HOST 40.00 X 216490 0 52052 CHERYL WATERS CREATIVE DIRECTOR, L.P. & HOST 40.00 X 166283 0 45107 SEAN DOUGHERTY PRINC. SVC. ARCHITECT, OPS. ENG. 40.00 X 158443 0 23148 CHANTILLY CHILES DIRECTOR OF ADVANCEMENT, BAY AREA 40.00 X 152524 0 10537 CHRISTOPHER BUSIEL DIGITAL DIRECTOR 40.00 X 147052 0 33871 2013788 0 359258 28 0 1 0 B-BAM INCORPORATED 1628 32ND AVE SEATTLE WA 98122 DONOR GIFT FULFILLMENT 522675 COMPUNET INC PO BOX 35124 SEATTLE WA 98124 CYBER SECURITY AND IT SERVICES 398946 ORANGE LOGIC LLC 4199 CAMPUS DR STE 550 IRVINE CA 92612 MEDIA ASSET MANAGEMENT 289253 BRAINTREE PAYMENTS 2211 N 1ST ST SAN JOSE CA 95131 DONOR CREDIT CARD PROCESSING 241292 IRON AND OAK LLC 1425 BROADWAY SUITE 495 SEATTLE WA 98122 SECURITY SERVICES 216489 8 15739 551315 16391245 602956 16958299 PROGRAM EVENTS 516210 22422 22422 22422 185511 185511 1068055 1068055 100396 20738 79658 79658 36763 42895 5869539 104 5577029 0 292510 104 292614 292614 5861 15739 6801 -940 -940 99790 300 99490 99490 46863 18697 28166 28166 YOUTUBE KEXP MEMBERSHI 900099 6895 6895 KEXP DJ TEACHING FEES 900099 1350 1350 YOUTUBE TEESPRING 900099 970 970 66 66 9281 18742556 50588 36763 1696906 2400293 1535988 297934 566371 7980855 5475588 639016 1866251 448465 290354 43194 114917 1294656 873850 98179 322627 803356 545881 71162 186313 197934 177484 12942 7508 71487 71487 44872 44872 1506451 910650 23819 571982 420134 358806 311 61017 491609 161752 9060 320797 1364597 1074860 148965 140772 723053 557436 37444 128173 211275 140865 7086 63324 1294135 978981 71253 243901 68188 48225 4513 15450 DONOR PREMIUMS 567768 567768 PERFORMANCE AND EVENTS 410652 375377 1004 34271 VEHICLE DONATION 142712 142712 UBI TAXES 5170 5170 219376 79516 61375 78485 20667038 13585613 1648786 5432639 851926 1420619 84509 284304 541789 1037818 1075548 907250 22563 36186 158272 123958 14627317 13173871 2339219 1453446 8378006 6982537 7635487 7635487 10060986 9561166 31148305 29442771 1486461 1545443 252624 41390 199574 10398167 9987588 12137252 11773995 X 18153904 16350837 857149 1317939 19011053 17668776 31148305 29442771 -1924482 582205 0 X 0 1 X 1 0 X 11517000 12810073 13582627 13854758 16958299 68722757 11517000 12810073 13582627 13854758 16958299 68722757 68722757 949052 1027816 1252016 1333996 1296461 5859341 24673 13308 19537 135313 192831 126366 33275 13437 23095 9281 205454 74980383 440681 0.91650 0.91970 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2021 AMOUNT: $ 126,366. 2022 AMOUNT: $ 11,413. 2023 AMOUNT: $ 7,582. 2024 AMOUNT: $ 7,838. 2025 AMOUNT: $ 66. REIMBURSEMENTS - 2022 AMOUNT: $ 20,862. 2023 AMOUNT: $ 2,612. 2024 AMOUNT: $ 393. SPONSORSHIPS - 2022 AMOUNT: $ 1,000. YOUTUBE TEESPRING - 2023 AMOUNT: $ 3,243. 2024 AMOUNT: $ 2,475. 2025 AMOUNT: $ 970. INSURANCE REFUND - 2024 AMOUNT: $ 12,389. YOUTUBE MEMBERSHIPS - 2025 AMOUNT: $ 6,895. KEXP DJ TEACHING FEES - 2025 AMOUNT: $ 1,350. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1576 1 540 1 4500 6616 0 PART II-B, LINE 1: THE WORKING GROUP INCLUDED REPRESENTATIVES FROM WA STATE PUBLIC MEDIA STATIONS THAT MET AMONGST OURSELVES TO DISCUSS HOW WE MIGHT SEEK PUBLIC MEDIA FUNDING FROM WA STATE. 8458750 1011742 2165018 44872 7260602 10014555 1077532 2578000 55337 8458750 13225995 1921086 5070000 62526 10014555 16608756 -3010632 310000 62129 13225995 12081413 3189251 1398645 60553 16608756 1.00000 0.00000 0.00000 0 0 11146568 10747760 398808 2375032 1726011 649021 1105717 700100 405617 1453446 OPERATING LEASE RIGHT-OF-USE ASSET 9559870 SECURITY DEPOSIT 1296 9561166 OPERATING LEASE LIABILITY 9987588 9987588 19900025 582205 592297 1174502 18725523 44872 -27839 17033 18742556 21242302 592297 27839 620136 20622166 44872 44872 20667038 PART V, LINE 4: FRIENDS OF KEXP HAS A BOARD DESIGNATED FUND IN AN INVESTMENT PORTFOLIO WITH BNY MELLON. KEXP PLANS TO WITHDRAW FROM THE PORTFOLIO ACCORDING TO ITS ESTIMATED ANNUAL NEEDS FOR CAPITAL INVESTMENTS, SPECIAL PROJECTS, DEVELOPMENT INITIATIVES AND OTHER PROJECTS AS APPROVED BY THE BOARD. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES -20,738. GAMING EXPENSES -300. FUNDRAISING EXPENSES -6,801. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 20,738. GAMING EXPENSES 300. FUNDRAISING EXPENSES 6,801. NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 PROGRAM SERVICES SUPPORT PAID TO LOCAL ARTISTS, BANDS AND AUDIO/VIDEO TECHNICIANS. 41801 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES SUPPORT PAID TO LOCAL ARTISTS, BANDS AND AUDIO/VIDEO TECHNICIANS. 48824 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES SUPPORT PAID TO LOCAL ARTISTS, BANDS AND AUDIO/VIDEO TECHNICIANS. 16561 0 0 0 0 0 0 0 0 0 0 107186 0 107186 0 0 0 0 0 0 PART I, LINE 3: THE ORGANIZATION USES THE ACCRUAL METHOD OF ACCOUNTING. BENEFIT CONCERT 21600 15739 5861 6790 11 21600 15739 5861 6790 11 6801 -940 99790 300 0 99790 300 300 99490 WA CA 1 0 0 0 1.00000 0.00000 KIRBY GNERRE 471 1ST AVE N SEATTLE WA 98109 0 ERIN LIGHTFOOT 0 KEXP'S FLY-AWAY RAFFLE IS A PROJECT OF ANNUAL GIVING AND ERIN IS THE DIRECTOR OF ANNUAL & DIGITAL PHILANTHROPY. X 0 X X X 1 0 0 0 0 1 0 0 0 ETHAN RAUP PRESIDENT & CEO 234268 0 0 0 0 0 23889 0 29572 0 287729 0 0 0 JOHN RICHARDS CREATIVE DIRECTOR, ON-AIR & HOST 216490 0 0 0 0 0 22480 0 29572 0 268542 0 0 0 RAMBERTO TORRUELLA CHIEF TECHNOLOGY OFFICER 237375 0 0 0 0 0 21828 0 0 0 259203 0 0 0 REBECCA DENK CHIEF FINANCIAL OFFICER 182049 0 0 0 6785 0 18852 0 22163 0 229849 0 0 0 CHERYL WATERS CREATIVE DIRECTOR, L.P. & HOST 166283 0 0 0 0 0 34750 0 10357 0 211390 0 0 0 THOMAS SMITH DIRECTOR OF STRATEGIC REL & DEV 160490 0 12500 0 0 0 17325 0 10357 0 200672 0 0 0 CHRISTOPHER KELLOGG CHIEF PROGRAMMING OFFICER 175332 0 0 0 0 0 13411 0 10357 0 199100 0 0 0 CYRUS DESPRES INTERIM CHIEF FINANCIAL OFFICER 164197 0 0 0 0 0 16432 0 10357 0 190986 0 0 0 SEAN DOUGHERTY PRINC. SVC. ARCHITECT, OPS. ENG. 158443 0 0 0 0 0 0 0 23148 0 181591 0 0 0 CHRISTOPHER BUSIEL DIGITAL DIRECTOR 147052 0 0 0 0 0 15371 0 18500 0 180923 0 0 0 CHANTILLY CHILES DIRECTOR OF ADVANCEMENT, BAY AREA 152524 0 0 0 0 0 1189 0 9348 0 163061 0 0 0 PART I, LINE 4A REBECCA DENK RECEIVED A SEVERANCE PAYMENT OF $6,785.34 AND AN ADDITIONAL $2,000 PAYMENT FOR LEGAL FEES PER THE SEPARATION AGREEMENT IN 2025. PART I, LINE 6 THE BUSINESS SUPPORT TEAM SOLICITS SPONSORSHIPS AND UNDERWRITING CONTRIBUTIONS FROM LOCAL AND NATIONAL BUSINESSES IN SUPPORT OF KEXP'S RADIO BROADCAST/SHOWS, STREAMING SERVICE, LIVE IN STUDIO CONCERTS AND EVENTS, PODCASTS AND KEXP.ORG WEBSITE. THE BUSINESS SUPPORT TEAM IS PAID A BASE SALARY PLUS COMMISSION ON SPONSORSHIP AND UNDERWRITING CONTRACTS SECURED. X 441 494651 FMV X 18 108305 FMV 8 0 1 1 PART I, LINE 30B: THE AMOUNTS REPORTED IN PART I, COLUMN (B) REPRESENT THE NUMBER OF SEPARATE CONTRIBUTIONS RECEIVED. PART I, LINE 32B: KEXP HAS ENTERED INTO AN AGREEMENT WITH CHARITABLE ADULT RIDERS & SERVICES (CARS), A TAX-EXEMPT ORGANIZATION, TO SOLICIT DONATIONS OF VEHICLES. KEXP DOES NOT HOLD VEHICLE TITLES AND REPORTS THE PROCEEDS AS DONATION INCOME AND THE CARS FEES ASSOCIATED AS A FUNDRAISING EXPENSE. FORM 990, PART I, LINE 6 VOLUNTEERS: KEXP USES A WEB APPLICATION, SHIFTBOARD, TO RECRUIT, SCHEDULE, AND RECORD VOLUNTEER ROLES AND HOURS. ADDITIONALLY, KEXP'S CHIEF OF STAFF TRACKS AND ESTIMATES HOURS VOLUNTEERED BY BOARD MEMBERS, ADDITIONAL BOARD COMMITTEE MEMBERS, AND COMMUNITY ADVISORY BOARD MEMBERS. IN 2025, AN ESTIMATED TOTAL OF 9,972.6 HOURS WERE PROVIDED BY 339 VOLUNTEERS. THE TYPES OF SERVICES PROVIDED INCLUDE BOARD OF DIRECTORS AND BOARD COMMITTEE MEMBERSHIP, COMMUNITY ADVISORY BOARD MEMBERSHIP, ASSISTING DJS, WELCOMING ARTISTS AND GUESTS TO KEXP, HELPING WITH KEXP EVENTS, TESTING KEXP'S DIGITAL PRODUCTS, AND ASSISTING IN KEXP'S MUSIC LIBRARY AND ARCHIVES. FORM 990, PART VI, SECTION A, LINE 7A FRIENDS OF KEXP IS AN AFFILIATE OF THE UNIVERSITY OF WASHINGTON (UW), AND AS SUCH UW FILLS ONE SEAT ON KEXP'S BOARD OF DIRECTORS. THIS UW APPOINTED DIRECTOR HAS THE SAME RIGHTS AND RESPONSIBILITIES OF ANY OTHER BOARD MEMBER. FORM 990, PART VI, SECTION B, LINE 11B UPON COMPLETION, DRAFTS OF KEXP'S ANNUAL FINANCIAL STATEMENTS AND FORM 990 ARE DISTRIBUTED ELECTRONICALLY TO THE BOARD OF DIRECTORS FOR REVIEW. THE DOCUMENTS ARE THEN PRESENTED BY THE AUDIT CHAIR AT A BOARD MEETING AND APPROVED BY A VOTE. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS AND C-LEVEL MANAGEMENT STAFF COMPLETE CONFLICT OF INTEREST DISCLOSURES ANNUALLY. ALL STAFF ACKNOWLEDGE THAT THEY HAVE READ THE EMPLOYEE HANDBOOK, WHICH INCLUDES THE CONFLICT OF INTEREST POLICY. THE POLICY INSTRUCTS EMPLOYEES TO AVOID ACTIVITIES THAT ARE IN CONFLICT OR GIVE THE APPEARANCE OF BEING IN CONFLICT WITH KEXP'S INTERESTS AND TO DISCLOSE ANY ACTUAL OR POTENTIAL CONFLICTS. BOARD MEMBERS RECUSE THEMSELVES FROM ANY DISCUSSIONS AND ACTIONS THAT MAY ARISE THAT RELATE TO THIRD PARTY ENTITIES WITH WHICH THEY ARE AFFILIATED. TRANSACTIONS WITH RELATED PARTIES IDENTIFIED BY THE BOARD AND C-LEVEL MEMBERS ARE REVIEWED ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 PAY BANDS ARE REVIEWED AND REVISED FOR EACH POSITION, INCLUDING THE CEO, OTHER KEY EMPLOYEES, AND ALL STAFF ANNUALLY. PAY BANDS ARE INFORMED BY SALARY SURVEY DATA PURCHASED ANNUALLY. MARKET-BASED PAY INCREASES ARE INFORMED BY THE PAY BAND ANALYSIS. ANNUAL REVIEWS ARE CONDUCTED, RESULTING IN A PERFORMANCE RATING FOR EACH EMPLOYEE THAT IS USED TO DETERMINE MERIT-BASED PAY INCREASES. A PAY INCREASE ALLOWANCE IS INCLUDED IN THE ANNUAL BUDGET FROM WHICH PAY INCREASES FOR ALL STAFF, INCLUDING THE CEO. THE BOARD OF DIRECTORS DETERMINES THE CEO'S PAY ANNUALLY IN COORDINATION WITH HR. THE LAST COMPLETED PROCESS WAS IN APRIL 2025. THE NEXT ANNUAL REVIEW WAS COMPLETED IN APRIL 2026. FORM 990, PART VI, SECTION C, LINE 19 PER THE FEDRAL COMMUNICATIONS COMMISSION (FCC) REQUIREMENTS, KEXP UPLOADS LICENSE APPLICATIONS AND RELATED MATERIALS, OWNERSHIP REPORTS, EEO RECORDS AND ISSUES, AND PROGRAMS LIST TO FCC PUBLIC INSPECTION FILES AT PUBLICFILES.FCC.GOV. PER CORPORATION FOR PUBLIC BROADCASTING (CPB) REQUIREMENTS, KEXP POSTS THE MOST RECENT AUDITED FINANCIAL STATEMENT AND ANNUAL FINANCIAL STATEMENT PROVIDED TO CPB, CONTENT AND SERVICE REPORTS, BOARD MEETING CALENDAR, GOVERNING BODY AND COMMUNITY ADVISORY BOARD NAMES, STATION SENIOR/EXECUTIVE MANAGEMENT NAMES, TITLES AND CONTACT INFORMATION, AND DIVERSITY STATEMENT ON OUR WEBSITE. ALSO, PER CPB REQUIREMENTS, BOARD MEETING MINUTES AND EMPLOYMENT STATISTICAL REPORTS ARE FILED IN THE PUBLIC FILE BOX AT RECEPTION. KEXP DOES NOT MAKE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY OR ORGANIZATIONAL POLICIES AVAILABLE TO THE PUBLIC.