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Our finances:
KGNU prides itself in being open and transparent.
In this spirit, here we disclose KGNU's finances.
We have 3 funds:
Operating Fund
For the day-to-day business of running the station.
Help us bring you programming by becoming a member.
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Building Fund
To pay for our building.
Help us finish paying for our building by contributing to the building fund.
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Signal Fund
Primarily to bring our signal to Denver (1390 AM).
Help us finish paying for our AM frequency by contributing to the signal fund.
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Operating fund
Operating fund - FY 2008 budget
KGNU's operating budget for FY 2008 (Excel file) (October 2007 to September 2008) is $ 675,800.
Income
Expense
Operating fund - FY 2007 actual
KGNU's FY 2007 revenue was $674,600
Operating fund - FY 2006 actual
KGNU's FY 2006 revenue was $676,200
Operating fund - FY 2005 budget
KGNU's operating budget for FY 2005 (Excel file) (October 2004 to September 2005) is $ 519,650.
Income:
Expenses:
Operating fund - FY 2004 actual
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Operating fund - FY 2003 actual
KGNU's actual in FY 2003 was $ 547,127 with a surplus of $78,800.
Or, in common "accounting language":
- Total Income: $525,968
- Total Expenses: ($445,366)
- Other Income: $23,685
- Other expense:($24,316)
- TOTAL NET INCOME: $79,971
Where the money comes from
In 2003, the money came from:
- Listeners: memberships, matching funds, workplace donations, gifts...
- Government: Corporation for Public Broadcasting (CPB) matching funds
- The matching is based on all the non-government money that KGNU receives
- It is also based on our volunteers' professional work hours (other than on the air)
- Local businesses:
- Underwriting ("This program is brought to you by...")
- Grants (NeoData fund)
- In-kind services (coffee, printing...)
- Other:
- Events and benefits: book and record sale, Noam Chomsky's speech...
- Tenants: rent from tenants in our building
- Sales: program guide ads, T-shirts...
- Services provided: training, studio rental...
- Misc.
Memberships
In 2003, yearly contributions from members ranged from $ 30 to $ 2000, with an average of $ 107 and a median of $ 88.50.
The number of members has increased steadily over the years.
In 1996 KGNU had 1550 listener members, and in 2003 it had 4560.
The typical member increased her membership steadily over the years.
For example, listeners who became members in 1996 did so at an average level of $ 67; in 2003, they renewed at an average level of $ 104.
Business contributions
The major sponsors of KGNU programming are listener members, but KGNU also accepts underwriting revenue and trades from local businesses.
Occasionally, under special circumstances, KGNU may accept contributions from businesses that are not local, but not as underwriting.
In 2003, businesses contributed:
- About $ 22,000 cash, including:
- $ 1,300 form a grant from NeoData
- About $ 35,000 in-kind, such as:
- Printing services (8 days a week)
- Drinking water (Peak Rock Water)
- Coffee (Allegro Coffee)
- Ad space on printed media (Colorado Daily, Boulder Weekly)
Where the money goes
In 2003, the money went to:
- Salaries, benefits and bonuses to our staff:
- Manager: $ 18.90 / hour
- All other employees: $ 16.80 / hour
- (The median wage in Boulder is $ 28.66 / hour - household of 1, full time, 2003)
- Employee related expenses: retirement, payroll taxes
- Non-staff labor: professional services, cleaning, misc. labor
- Property: mortgage, taxes, storage space, rent at the translators, insurance, repairs...
- Operating expenses: phone, supplies, utilities, internet streaming
- Programming costs: program acquisition (Pacifica, PRI...), satellite usage fees, productions supplies
- PRSSI (to have access to the satellite feeds): $ 5,800
- PRI (for BBC distribution): $ 11,585
- Pacifica (for their programming): $ 3,945
- All other producers: $ 8,318
- Travel, hospitality, conference fees
- Misc.: Promotions, fund drive premiums, other taxes, bank charges, dues, subscriptions
Building fund
A separate capital fund is paying for our building.
At the end of 2003, this fund received 1210 donations totaling $ 1,054,000, including:
- Arrowsmith bequest ($ 450, 000)
- An anonymous donor ($ 120,000)
- Working Assets ($ 100,000 pledged, $ 75,000 paid to date)
- Donner foundation ($ 50,000)
- 14 people whose individual donations ranged from $ 5,000 to $ 20,000
At the end of 2003, the remaining mortgage was $ 330,000, making the total goal $ 1,384,000.
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©2005 Boulder County Community Radio
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