FRIENDS OF KEXP

EIN: 912061474 501(c)(3) Youth Development

SEATTLE, WA

Total Revenue
$18,742,556
Total Expenses
$20,667,038
Total Assets
$29,442,771
Net Assets
$17,668,776
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
WA
Principal Officer
ETHAN RAUP
Phone
2065205800
Tax Period
2025-01-01 to 2025-12-31

FRIENDS OF KEXP, founded in 2001, is a mid-sized nonprofit in the Youth Development sector that reported $18.7M in total revenue in fiscal year 2025. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $20.7M exceeded revenue, resulting in a 10% operating deficit.

Mission

KEXP'S MISSION IS TO ENRICH YOUR LIFE BY CHAMPIONING MUSIC AND DISCOVERY.

Program Service Accomplishments

Program 1
Expenses: $7,480,526 Revenue: $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...

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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.

Program 2
Expenses: $3,946,331 Revenue: $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...

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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.

Program 3
Expenses: $2,158,756 Revenue: $50,588

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...

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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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $16,958,299
Program Service Revenue $22,422
Investment Income $478,125
Other Revenue $1,283,710
TOTAL REVENUE $18,742,556

Expense Breakdown

Grants Paid $0
Salaries & Benefits $12,927,625
Fundraising Expenses $5,432,639
Program Expenses $13,585,613
Other Expenses $7,739,413
TOTAL EXPENSES $20,667,038

Year-over-Year Comparison

2025 2024 Change
Revenue $18,742,556 $15,641,016 +0.2%
Expenses $20,667,038 $19,470,085 +0.1%
Net Income $-1,924,482 $-3,829,069 -0.5%
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
23
Independent Members
23
Employees
156
Volunteers
339

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
7
$708,564
Total Directors
24
$0
Key Employees
3
$658,975
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CINDY BOLTON CHAIR 8.00
Officer Director
$0 $0 $0
WILL DAUGHERTY VICE CHAIR 7.00
Officer Director
$0 $0 $0
ERIKA SANCHEZ TREASURER 7.00
Officer Director
$0 $0 $0
HEATHER SNAVELY SECRETARY 7.00
Officer Director
$0 $0 $0
MEGAN JASPER DIRECTOR 7.00
Director
$0 $0 $0
EMILY ANDERSON DIRECTOR 5.00
Director
$0 $0 $0
NABIL AYERS DIRECTOR 5.00
Director
$0 $0 $0
JERRY CHIANG DIRECTOR 7.00
Director
$0 $0 $0
ALEJANDRO CHOUZA DIRECTOR 7.00
Director
$0 $0 $0
ZOE CORNELI DIRECTOR 5.00
Director
$0 $0 $0
KIRT DEBIQUE DIRECTOR 5.00
Director
$0 $0 $0
JON KERTZER DIRECTOR 5.00
Director
$0 $0 $0
JORDAN KURLAND DIRECTOR 5.00
Director
$0 $0 $0
OSCAR MRAZ DIRECTOR 5.00
Director
$0 $0 $0
ERIK NORDSTROM DIRECTOR 5.00
Director
$0 $0 $0
SCOTT REDMAN DIRECTOR 5.00
Director
$0 $0 $0
JEFF SEELY DIRECTOR 5.00
Director
$0 $0 $0
JYOTI SHUKLA DIRECTOR 5.00
Director
$0 $0 $0
JILL SINGH DIRECTOR 5.00
Director
$0 $0 $0
LISA THOMAS DIRECTOR 7.00
Director
$0 $0 $0
NICOLE VANDENBERG DIRECTOR 5.00
Director
$0 $0 $0
NANCY WARD DIRECTOR 7.00
Director
$0 $0 $0
ADAM ZACKS DIRECTOR 5.00
Director
$0 $0 $0
MIKHAEL MEI WILLIAMS DIRECTOR 4.00
Director
$0 $0 $0
ETHAN RAUP PRESIDENT & CEO 40.00
Officer
$234,268 $53,461 $287,729
REBECCA DENK CHIEF FINANCIAL OFFICER 40.00
Officer
$188,834 $41,015 $229,849
CYRUS DESPRES INTERIM CHIEF FINANCIAL OFFICER 40.00
Officer
$164,197 $26,789 $190,986
RAMBERTO TORRUELLA CHIEF TECHNOLOGY OFFICER 40.00
Key Emp
$237,375 $21,828 $259,203
THOMAS SMITH DIRECTOR OF STRATEGIC REL & DEV 40.00
Key Emp
$172,990 $27,682 $200,672
CHRISTOPHER KELLOGG CHIEF PROGRAMMING OFFICER 40.00
Key Emp
$175,332 $23,768 $199,100
JOHN RICHARDS CREATIVE DIRECTOR, ON-AIR & HOST 40.00
Highest
$216,490 $52,052 $268,542
CHERYL WATERS CREATIVE DIRECTOR, L.P. & HOST 40.00
Highest
$166,283 $45,107 $211,390
SEAN DOUGHERTY PRINC. SVC. ARCHITECT, OPS. ENG. 40.00
Highest
$158,443 $23,148 $181,591
CHANTILLY CHILES DIRECTOR OF ADVANCEMENT, BAY AREA 40.00
Highest
$152,524 $10,537 $163,061
CHRISTOPHER BUSIEL DIGITAL DIRECTOR 40.00
Highest
$147,052 $33,871 $180,923
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 $18,742,556 $20,667,038 $29,442,771 $-1,924,482
2024 $15,641,016 $19,470,085 $31,148,305 $-3,829,069
2023 $14,674,467 $17,376,011 $34,562,073 $-2,701,544
2022 $13,872,717 $15,436,168 $35,330,554 $-1,563,451
2021 $14,424,316 $11,625,171 $29,661,098 $2,799,145
2020 $11,899,114 $11,931,033 $27,675,072 $-31,919
2019 $10,585,311 $11,606,223 $27,409,336 $-1,020,912
2018 $9,618,994 $10,565,370 $27,497,735 $-946,376
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