KPFA 1993 ANNUAL REPORT Listener Sponsored Pacifica Radio FINANCIAL REPORT ------------------------------------------------------------------ Programming Accounted for 62% of Expenses 62% Programming 22% Fund Raising 16% Management and General ------------------------------------------------------------------ Fund Raising Methods Are Diverse 30% Grants (see NOTE) 25% On-air Marathons 18% Direct Mail 10% Major and Planned Gifts 7% Tele-Fund Raising 5% Events 5% Rent, Folio Ads, Interest, Misc. ------------------------------------------------------------------ Subscribers Contributed 61% of Revenue 61% Subscribers 30% Grants (See NOTE) 5% Community Events 4% Rent, Folio Advertising, Interest, Misc. ------------------------------------------------------------------ Statement of Assets, Liabilities and Fund Balance CURRENT ASSETS $ 22,890 Cash in bank 374,379 Restricted cash 4,161 Accounts receivable 23,093 Prepaid expenses ---------- 422,523 TOTAL CURRENT ASSETS ---------- PROPERTY AND EQUIPMENT 481,069 Land 1,962,682 Building and improvements 1,533,205 Equipment 76,005 Furniture and fixtures 3,954 Motor vehicles ---------- 4,056,915 TOTAL PROPERTY AND EQUIPMENT 780,058 Less Accumulated depreciation ---------- 3,276,857 PROPERTY AND EQUIPMENT, NET ---------- 4,458 OTHER ASSETS ---------- $3,703,838 TOTAL ASSETS ========== CURRENT LIABILITIES $ 49,053 Accounts payable and accrued expenses 79,788 Deferred grant income 697 Inter-division payable 35,000 Loans payable - Bank - current portion 5,448 Deferred income - other 1,200 Deposits ---------- 171,186 TOTAL CURRENT LIABILITIES 650,833 LONG-TERM DEBT, NET OF CURRENT MATURITIES ---------- 822,019 TOTAL LIABILITIES ---------- 2,881,819 FUND BALANCE ---------- $3,703,838 TOTAL LIABILITIES AND FUND BALANCE ========== ------------------------------------------------------------------ Statement of Revenue and Expenses and Fund Balance REVENUE $1,645,295 Listener support / Donations 791,801 Grants (see NOTE) 138,450 Community events 2,000 SCA income 106,934 Miscellaneous ---------- 2,684,480 DONATED SERVICES, MATERIALS AND FACILITIES 9,803 Accounting and legal 16,250 Technical 2,845 Fund raising and development 11,324 Programming service 8,950 Operating expenses ---------- 49,172 TOTAL DONATED SERVICES & MATERIALS EXCLUDING EQUIPMENT ---------- 2,733,652 TOTAL REVENUE EXPENDITURES 1,219,860 Program services 299,351 Management and general 516,976 Fund raising 63,793 Community events 401,738 Central services ---------- 2,501,718 TOTAL EXPENDITURES 49,172 DONATED SERVICES, MATERIALS & FACILITIES ---------- 2,550,890 TOTAL EXPENSES ---------- 182,762 EXCESS OF REVENUE OVER EXPENSES 2,699,057 FUND BALANCE - Beginning of year ---------- $2,881,819 FUND BALANCE - End of year ========== ------------------------------------------------------------------ Schedule of Program Service Expenditures SALARIES AND RELATED EXPENSES $ 497,142 Salaries 46,388 Payroll taxes 63,925 Employee benefits 33,125 Consultants ---------- 640,580 TOTAL SALARIES AND RELATED EXPENSES ---------- OTHER EXPENSES 7,802 Supplies 52,342 Telephone 6,807 Postage and shipping 8,884 Equipment rental 46,061 Printing and publications 2,078 Travel 48,095 Interest 150,201 Depreciation and amortization 1,834 Associations and periodicals 16,790 News service 3,769 Other administrative 7,104 Other programming 17,934 Postage and mailing services 5,704 Property taxes 27,784 Repairs and maintenance - general 12,970 Repairs and maintenance - technical 12,132 Satellite interconnect 101,622 Special projects 11,996 Tapes and supplies 37,371 Utilities ---------- 579,280 TOTAL OTHER EXPENSES ---------- $1,219,860 TOTAL PROGRAM SERVICE EXPENDITURES ========== ------------------------------------------------------------------ Schedule of Management and General Expenditures SALARIES AND RELATED EXPENSES $ 169,290 Salaries 16,511 Payroll taxes 22,753 Employee benefits 2,260 Consultants ---------- 210,814 TOTAL SALARIES AND RELATED EXPENSES OTHER EXPENSES 2,735 Legal fees 1,200 Supplies 5,865 Telephone 1,047 Postage and shipping 1,367 Equipment rental 320 Travel 14,181 Conferences and meetings 7,399 Interest 23,108 Depreciation and amortization 282 Associations and periodicals 22,635 Bank charges 580 Other administrative 878 Property taxes 4,274 Repairs and maintenance - general 2,666 Utilities ---------- 88,537 TOTAL OTHER EXPENSES ---------- $ 299,351 TOTAL MANAGEMENT & GENERAL EXPENDITURES ========== ------------------------------------------------------------------ Schedule of Fund Raising Expenditures SALARIES AND RELATED EXPENSES $ 169,977 Salaries 15,725 Payroll taxes 21,669 Employee benefits 4,890 Consultants ---------- 212,261 TOTAL SALARIES AND RELATED EXPENSES ---------- OTHER EXPENSES 9,649 Supplies 4,888 Telephone 873 Postage and shipping 1,139 Equipment rental 266 Travel 6,166 Interest 19,257 Depreciation and amortization 235 Associations and periodicals 1,652 Computer supplies 114,552 Direct mail and marketing 772 Other administrative 62,330 Postage and mailing services 34,762 Premiums and marathon 13,229 Printing 731 Property taxes 3,562 Repairs and maintenance - general 28,430 Special projects 2,222 Utilities ---------- 304,715 TOTAL OTHER EXPENSES ---------- $ 516,976 TOTAL FUND RAISING EXPENDITURES ========== ------------------------------------------------------------------ NOTE: 67% of grant funds are awarded by the Corporation for Public Broadcasting, primarily to match dollars contributed by listeners and secondarily to match in-kind contributions and volunteer service. ------------------------------------------------------------------ Financial information has been extracted from audits conducted by Getz, Krycler & Jakubovits. Pacifica Foundation Board Members receive detailed reports on KPFA's activities and financial condition each quarter. Audited financial statements are available upon request. ------------------------------------------------------------------ A copy of the printed version of the complete KPFA 1993 Annual Report is available upon request. KPFA FM 94.1 1929 Martin Luther King Jr. Way Berkeley CA 94704 510.848.6767 ------------------------------------------------------------------ The Pacifica Foundation Tax ID Number is 94-1347046. KPFA Radio is also known as "Pacifica Foundation, dba KPFA Radio." The Pacifica Foundation is a tax-exempt organization as described in Internal Revenue Service Code section 501(c)(3), and is not a private foundation as described in section 509(a) of the Code. IRS Publication 78, "Cumulative List of Organizations Described in Section 170," identifies us as "Pacifica Foundation, North Hollywood, CA." .