UNIVERSITY RADIO FOUNDATION INC

EIN: 561803808 501(c)(3) Arts, Culture & Humanities

CHARLOTTE, NC

Total Revenue
$7,725,176
Total Expenses
$7,764,560
Total Assets
$6,133,151
Net Assets
$4,371,523
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Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
NC
Principal Officer
JU-DON MARSHALL
Phone
7045499323
Tax Period
2023-07-01 to 2024-06-30

UNIVERSITY RADIO FOUNDATION INC, founded in 1993, is a community nonprofit in the Arts, Culture & Humanities sector that reported $7.7M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

JOURNALISM THAT INFORMS, ENRICHES, AND INSPIRES. OUR VISION IS TO HELP CREATE A MORE KNOWLEDGEABLE AND ENGAGED COMMUNITY GROUNDED IN OUR SHARED HUMANITY.

Program Service Accomplishments

Program 1
Expenses: $3,740,126

WFAE IS A MAJOR SOURCE OF NEWS AND INFORMATION FOR THE CHARLOTTE REGION AND ONE OF THE COUNTRY'S LEADING PUBLIC RADIO STATIONS. WFAE'S MISSION IS TO CREATE A MORE KNOWLEDGEABLE AND ENGAGED COMMUNITY...

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WFAE IS A MAJOR SOURCE OF NEWS AND INFORMATION FOR THE CHARLOTTE REGION AND ONE OF THE COUNTRY'S LEADING PUBLIC RADIO STATIONS. WFAE'S MISSION IS TO CREATE A MORE KNOWLEDGEABLE AND ENGAGED COMMUNITY GROUNDED IN OUR SHARED HUMANITY. OUR VISION IS ACHIEVED THROUGH JOURNALISM THAT INFORMS, ENRICHES AND INSPIRES. PROGRAMMING HIGHLIGHTS:WFAE'S NEWSROOM CONTINUED ITS YEAR-LONG LOOK AT CHARLOTTE'S "CORRIDORS OF OPPORTUNITY" - SIX DIVERSE, ECONOMICALLY-DISADVANTAGED PARTS OF EAST, WEST AND NORTH CHARLOTTE. THESE CORRIDORS ARE DESIGNATED BY THE CITY AS FOCUS AREAS FOR INVESTMENT. FROM JULY TO DECEMBER, THE NEWSROOM PRODUCED MORE THAN 20 STORIES THAT LOOKED AT THE ACCOMPLISHMENTS, CHALLENGES, PLANS AND THE PEOPLE WHO CALL THESE AREAS HOME. IN JANUARY, THE NEWSROOM LAUNCHED "FINDING JOY," A SERIES OF STORIES THAT BRING BRIGHT SPOTS TO THE NEWS LANDSCAPE. THE STORIES HAVE RANGED FROM A 5-YEAR-OLD RAP SENSATION AND PLAYING THE PIANO AT AGE 95 TO CARING FOR ORPHANED OWLS AND COMPLETING A 60,000-PIECE PUZZLE. "CHARLOTTE TALKS" CELEBRATED ITS 25TH ANNIVERSARY AS THE 'TALK SHOW OF RECORD' FOR THE REGION. HOST MIKE COLLINS HAD CONVERSATIONS WITH EXPERTS, POLITICIANS, AUTHORS AND OTHERS ABOUT TOPICS SUCH AS RACIAL WEALTH DISPARITY, ONLINE SPORTS BETTING, PRIMARY ELECTIONS AND RETIREMENT COMMUNITIES. THE SHOW CONTINUED TO HAVE CONVERSATIONS WITH THE MAYOR OF CHARLOTTE AND ITS WEEKLY NEWS ROUNDUP WITH LOCAL REPORTERS. REPORTER ANN DOSS HELMS REPORTED ON LOCAL AND STATE EDUCATION ISSUES INCLUDING SCHOOL BOARD RACES, BOOK BANS AND TEACHER PAY. SHE ALSO PRODUCED "RENAISSANCE WEST: A SLOW REBIRTH," A THREE-PART SERIES ABOUT REVITALIZING A WEST CHARLOTTE NEIGHBORHOOD THOUGH AN EDUCATION VILLAGE APPROACH TO BREAK THE CYCLE OF POVERTY. REPORTER STEVE HARRISON DELVED INTO ISSUES SUCH AS MUNICIPAL ELECTIONS, VOTER ID LAWS AND TRANSIT DEVELOPMENTS AT THE STATE AND LOCAL LEVELS. WITH GRANTS FROM THE SALAMANDER AND GREEN SOUTH FOUNDATION FUNDS, WFAE CONTINUED ITS CLIMATE COVERAGE. REPORTERS DAVID BORAKS AND ZACHARY TURNER EXAMINED HOW CLIMATE CHANGE AFFECTS THE CAROLINAS. THEIR STORIES FOCUSED ON BIODIVERSITY, LITHIUM MINING, DUKE ENERGY AND A PEOPLE-POWERED BIKE LANE SWEEPER. OUR SERIES, "FRACTURED," CONTINUED TO HAVE IMPACT WITH A DOCUMENTARY PRODUCED BY PARTNER AND FUNDER FRONTLINE. WFAE HOSTED A SCREENING AND PANEL DISCUSSION FOR THE COMMUNITY. "FRACTURED" ALSO RECEIVED NATIONAL RECOGNITION WITH A GRACIE AWARD. THE NEWSROOM LOOKED AT RACE AND EQUITY IN THE REGION WITH STORIES ABOUT FOOD DESERTS, LATINO WAGES, BLACK ADULTS LEARNING TO SWIM, JOBS THAT OFFER PAYCHECK AND INDEPENDENCE TO THOSE WHO ARE BLIND AND A KING CAKE TO FEED 700 PEOPLE. OUR EQUALIBRIUM LIVE SERIES HOSTED A CONVERSATION WITH JOURNALIST JOSE ANTONIO VARGAS ABOUT HOW WE DEFINE "AMERICAN" IDENTITY. WFAE LAUNCHED "NEWSWORTHY," A DAILY NEWS PODCAST THAT DELIVERS LOCAL HEADLINES AND IN-DEPTH FEATURE REPORTING. WFAE PARTNERED WITH FORMER WFAE REPORTER BEN BRADFORD ON THE PODCAST "LANDSLIDE." IT TRACES THE ROOTS OF OUR MODERN POLITICAL DIVISIONS BACK TO THE ELECTION THAT SET THE REPUBLICAN PARTY ON THE PATH TO BECOMING THE SOCIALLY CONSERVATIVE PARTY IT IS TODAY. THE "SOUTHBOUND" PODCAST CONTINUED TO TALK WITH PEOPLE WHO WERE BORN AND RAISED IN THE SOUTH. HOST TOMMY TOMLINSON SPOKE WITH SOUTHERNERS FROM ALL WALKS OF LIFE - FROM AUTHORS AND SPORTS WRITERS TO MUSICIANS AND COMEDIANS. THE NATIONAL ASSOCIATION OF HISPANIC PUBLICATIONS AND EDITOR & PUBLISHER MAGAZINE RECOGNIZED REPORTER KAYLA YOUNG FOR ARTICLES SHE PRODUCED AS PART OF AN ONGOING PARTNERSHIP BETWEEN LA NOTICIA AND WFAE. JU-DON MARSHALL, WFAE'S PRESIDENT AND CEO, WAS NAMED THE 2023 WOMAN OF THE YEAR BY THE MECKLENBURG TIMES AND NORTH CAROLINA LAWYERS WEEKLY.

Program 2
Expenses: $347,529

BROADCASTING AND ENGINEERING - EXPENSES ASSOCIATED WITH BROADCAST STUDIOS, TRANSMITTERS, TOWERS, AND ANTENNAS, ENGINEER, IP INTERCONNECTS, SATELLITE FACILITIES, UTILITIES, REPAIR AND MAINTENANCE...

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BROADCASTING AND ENGINEERING - EXPENSES ASSOCIATED WITH BROADCAST STUDIOS, TRANSMITTERS, TOWERS, AND ANTENNAS, ENGINEER, IP INTERCONNECTS, SATELLITE FACILITIES, UTILITIES, REPAIR AND MAINTENANCE COSTS FOR STUDIOS, TRANSMITTERS, TOWERS, AND ANTENNAS.

Program 3
Expenses: $87,970

PROGRAM INFORMATION - PROMOTION AND OUTREACH ACTIVITIES TO INFORM THE COMMUNITY OF LOCAL NEWS AND EVENTS OF INTEREST TO OUR LISTENERS. COSTS ASSOCIATED WITH HOSTING FORUMS, BRINGING IN PUBLIC RADIO...

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PROGRAM INFORMATION - PROMOTION AND OUTREACH ACTIVITIES TO INFORM THE COMMUNITY OF LOCAL NEWS AND EVENTS OF INTEREST TO OUR LISTENERS. COSTS ASSOCIATED WITH HOSTING FORUMS, BRINGING IN PUBLIC RADIO PERSONALITIES TO SPEAK AND OTHER COSTS ASSOCIATED WITH INFORMING OUR LISTENERS BY NEWSLETTERS, E-BLASTS, OUTREACH MATERIALS.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $7,076,900
Program Service Revenue $0
Investment Income $584,081
Other Revenue $64,195
TOTAL REVENUE $7,725,176

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,529,033
Fundraising Expenses $2,414,029
Program Expenses $4,175,625
Other Expenses $3,019,683
TOTAL EXPENSES $7,764,560

Year-over-Year Comparison

2023 2022 Change
Revenue $7,725,176 $7,055,431 +0.1%
Expenses $7,764,560 $8,778,993 -0.1%
Net Income $-39,384 $-1,723,562 -1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
24
Independent Members
23
Employees
69
Volunteers
47

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$388,055
Total Directors
24
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICHARD LANCASTER BOARD MEMBER 2023 & 2024 4.00
Director
$0 $0 $0
GLENN STEWART BOARD MEMBER 2023 & 2024 1.00
Director
$0 $0 $0
CHRIS CICOLETTI BOARD CHAIR 2023 & 2024 4.00
Officer Director
$0 $0 $0
MARK ETHRIDGE BOARD MEMBER 2023 & 2024 1.00
Director
$0 $0 $0
PAUL FREESTONE BOARD MEMBER 2023 & 2024 1.00
Director
$0 $0 $0
RIAZ BHAMANI BOARD MEMBER 2023 & 2024 1.00
Director
$0 $0 $0
MARY TABOR ENGEL BOARD MEMBER 2023 & 2024 1.00
Director
$0 $0 $0
SHARON BLALOCK BOARD MEMBER 2023 & 2024 1.00
Director
$0 $0 $0
DICK SESLER BOARD MEMBER 2023 1.00
Director
$0 $0 $0
GENE COCHRANE BOARD MEMBER 2023 1.00
Director
$0 $0 $0
DIANA QUARRY BOARD MEMBER 2023 & 2024 1.00
Director
$0 $0 $0
MATTHEW SOCHA TREASURER 2023 & 2024 4.00
Officer Director
$0 $0 $0
NICHELLE LEVY BOARD MEMBER 2023 & 2024 1.00
Director
$0 $0 $0
JUDITH SCHINDLER BOARD MEMBER 2023 & 2024 1.00
Director
$0 $0 $0
KRISTOFFER SHEPARD BOARD MEMBER 2023 & 2024 1.00
Director
$0 $0 $0
KATHLEEN PRICE BOARD MEMBER 2023 & 2024 1.00
Director
$0 $0 $0
GRAY DYER BOARD MEMBER 2023 & 2024 1.00
Director
$0 $0 $0
JOHN CLEGHORN BOARD MEMBER 2023 & 2024 1.00
Director
$0 $0 $0
JEN STUART BOARD MEMBER 2023 & 2024 1.00
Director
$0 $0 $0
LAURA MEYER WELLMAN BOARD MEMBER 2023 & SECRETARY 2024 1.00
Officer Director
$0 $0 $0
JENNIFER BEIGHTLEY SECRETARY 2023 & BOARD MEMBER 2024 4.00
Officer Director
$0 $0 $0
ANN CAULKINS BOARD MEMBER 2023 & 2024 1.00
Director
$0 $0 $0
ERIC FRAZIER BOARD MEMBER 2024 1.00
Director
$0 $0 $0
ELIZABETH MCKEE BOARD MEMBER 2024 1.00
Director
$0 $0 $0
JU-DON MARSHALL PRESIDENT AND CEO 40.00
Officer
$203,221 $19,024 $222,245
DOUGLAS HANDY COO/CFO 40.00
Officer
$149,871 $15,939 $165,810
JOBIE SPRINKLE DIRECTOR OF IT/ENGINEERING 40.00
Highest
$119,270 $13,520 $132,790
PENDA HOWELL CHIEF REVENUE OFFICER THRU 1/31/23 40.00
Highest
$148,223 $719 $148,942
LISA GERGELY CORP. DEVELOPMENT MGR THRU 9/30/23 40.00
Highest
$128,364 $11,675 $140,039
JOEL SPROUSE SENIOR CORPORATE DEVELOPMENT SPECIALIST 40.00
Highest
$128,843 $8,095 $136,938
DEBRA TURNER BAILEY CHIEF PEOPLE OFFICER 40.00
Highest
$140,579 $14,497 $155,076
H JOSEPH O'CONNOR PRESIDENT AND CEO THRU 3/6/23 50.00
$128,063 $4,372 $132,435
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $7,725,176 $7,764,560 $6,133,151 $-39,384
2023 $7,055,431 $8,778,993 $7,061,863 $-1,723,562
2022 $7,697,570 $7,873,360 $6,517,172 $-175,790
2021 $8,498,776 $7,423,211 $8,466,410 $1,075,565
2020 $7,383,276 $7,177,107 $7,638,876 $206,169
2019 $7,330,762 $7,023,695 $6,552,368 $307,067
2018 $6,849,360 $6,821,769 $6,394,390 $27,591
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