2024-10-31T15:07:07-05:00 2024-06-30 141555429 UHY ADVISORS NORTHEAST INC 4 TOWER PLACE EXECUTIVE PARK 7TH FLOOR ALBANY NY 12203 990 2023-07-01 222400593 WAMC WAMC 5184655233 318 CENTRAL AVE ALBANY NY 12206 SARAH GILBERT PRESIDENT AND CEO 5184655233 2024-10-29 1 1 ERIC HENNESSEY P00325776 5184493166 2024-10-29 2023 2024-10-15 13:58:12Z SARAH GILBERT 318 CENTRAL AVE ALBANY NY 12206 7752324 0 X WAMC.ORG X 1981 NY SEE PAGE 2, SECTION 1 12 12 59 500 0 0 4330642 4546223 2776313 2494154 -34617 130946 291299 277733 7363637 7449056 28000 0 0 0 4177827 3928927 0 0 1764834 4209578 4213160 8415405 8142087 -1051768 -693031 13634437 12797602 3469042 3163367 10165395 9634235 X WAMC IS CHARTERED BY THE NEW YORK STATE BOARD OF REGENTS TO "FURNISH, PREPARE AND PRESENT NON-PROFIT AND NON-COMMERCIAL EDUCATIONAL, INSTRUCTIONAL AND CULTURAL RADIO PROGRAMS AND ALSO NON-PROFIT AND NON-COMMERCIAL PROGRAMS (WAMC'S MISSION IS CONTINUED ON SCHEDULE 0) INCLUDING WITHOUT LIMITATION, CHAMBER AND FOLK MUSIC PROGRAMS AND FORUMS ON PUBLIC AFFAIRS FOR LIVE AUDIENCES WHICH MAY ALSO BE BROADCAST." 0 0 5397288 2771887 WAMC, NORTHEAST PUBLIC RADIO, CHARTERED BY THE NYS BOARD OF REGENTS IN 1984, IS A NON-COMMERCIAL PUBLIC RADIO STATION. WITH STATIONS AND TRANSLATORS IN 28 LOCATIONS THROUGHOUT THE NORTHEAST, WAMC'S LISTENING AREA REACHES PARTS OF SEVEN STATES, INCLUDING NEW YORK, NEW JERSEY, PENNSYLVANIA, VERMONT, MASSACHUSETTS, CONNECTICUT, AND NEW HAMPSHIRE. WITH MORE THAN 400,000 MONTHLY LISTENERS, WAMC RANKS AMONG THE MOST-LISTENED-TO PUBLIC RADIO STATIONS IN THE UNITED STATES. WAMC BROADCASTS TWENTY-FOUR HOURS A DAY, SEVEN DAYS A WEEK WITH A SCHEDULE OF NEWS, INFORMATION, MUSIC, AND CULTURAL PROGRAMMING. IN ADDITION TO PROGRAMMING PROVIDED BY NPR, TO WHICH WAMC SUBSCRIBES, THE STATION IS ONE OF THE MOST PROLIFIC PRODUCERS OF ORIGINAL PUBLIC RADIO STYLE PROGRAMMING IN THE COUNTRY. WAMC PRODUCES AND BROADCASTS NINE LOCALLY-AIRED PROGRAMS, INCLUDING THE ROUNDTABLE, WHICH IS A MULTI-AWARD WINNING, NATIONALLY RECOGNIZED, ECLECTIC TALK PROGRAM. WAMC ALSO PRODUCES NINE NATIONALLY-SYNDICATED PROGRAMS WHICH ARE BROADCAST BY HUNDREDS OF RADIO STATIONS THROUGHOUT NORTH AMERICA AND ON ARMED FORCES RADIO. IN ADDITION TO RADIO PROGRAMMING, WAMC ALSO OWNS AND OPERATES THE LINDA (WAMC'S PERFORMING ARTS STUDIO). KNOWN FOR ITS INTIMATE SETTING AND COMMITMENT TO ARTISTIC QUALITY, THE LINDA STANDS OUT AS A HYBRID PERFORMANCE VENUE, BROADCAST STUDIO, AND CULTURAL ARTS CENTER THAT HOSTS A DIVERSE SELECTION OF EVENTS; INCLUDING LIVE MUSICAL PERFORMANCES, FILMS, DOCUMENTARIES, PANEL DISCUSSIONS, DEBATES, SPOKEN WORD AND COMEDY. 5397288 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 99 0 1 59 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 12 12 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY MA X X X THE ORGANIZATION 5184655233 318 CENTRAL AVENUE ALBANY NY 12206 DOROTHY REYNOLDS BOARD CHAIR 10.00 X X 0 0 0 ANNE ERICKSON VICE CHAIR 2.00 X X 0 0 0 JOSEPH BROWDY SECRETARY 2.00 X X 0 0 0 JANET AXELROD TREASURER 2.00 X X 0 0 0 CIANNA FREEMAN-TOLBERT TRUSTEE 1.00 X 0 0 0 IRA FUSFELD TRUSTEE 1.00 X 0 0 0 JAMES HENDLER TRUSTEE 1.00 X 0 0 0 BLAIR HORNER TRUSTEE 1.00 X 0 0 0 MIA MASK PHD TRUSTEE 1.00 X 0 0 0 JP MILLER TRUSTEE 1.00 X 0 0 0 MICHAEL SPAIN TRUSTEE 1.00 X 0 0 0 SANDY WAXGISER TRUSTEE 1.00 X 0 0 0 STACEY ROSENBERRY DIRECTOR OF OPERATIONS & INTERIM CEO 40.00 X 114936 0 14885 DEBORAH BARROW UNDERWRITING REP 40.00 X 124153 0 9628 MARY GOLDING UNDERWRITING REP 40.00 X 142340 0 10678 JOSEPHINE HARVEY UNDERWRITING REP 40.00 X 100152 0 10783 ALAN S CHARTOCK PRESIDENT / CEO (TO MAY 23) 40.00 X 240619 0 87500 722200 0 133474 5 1 1 0 0 493774 4052449 25512 4546223 UNDERWRITING 900099 2287620 2287620 PERFORMING ARTS STUDIO 711130 206534 206534 2494154 97861 97861 336353 303268 33085 33085 33085 OTHER SUPPORT 900099 172733 172733 PROGRAMMING GRANTS 900099 105000 105000 277733 7449056 2771887 0 130946 129821 71402 12982 45437 3141154 1800523 251517 1089114 657952 385313 55472 217167 10221 2288 5757 2176 40745 40745 100707 13370 85273 2064 54502 15707 28044 10751 62160 39813 7869 14478 559067 356716 202351 168494 122866 30471 15157 PROGRAM ACQ/PRODUCTION 1553668 1553668 RENTALS 509111 494694 14417 UTILITIES 263536 211573 51963 REPAIRS/MAINTENANCE 196431 78892 106665 10874 694518 250463 86439 357616 8142087 5397288 979965 1764834 2045368 1119528 166128 252358 362578 316771 15299754 10322713 5122084 4977041 3030099 3273053 2908180 2858851 13634437 12797602 219390 76351 317822 279940 2931830 2807076 3469042 3163367 X 10165395 9634235 10165395 9634235 13634437 12797602 -693031 161871 0 X X 0 1 X 1 0 X 7479384 7834662 7222425 7106955 7040377 36683803 7479384 7834662 7222425 7106955 7040377 36683803 36683803 375729 265213 467222 362871 375594 1846629 38530432 0.95210 0.94980 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1063725 1063725 4057160 4057160 10178869 10178869 10322713 -10322713 4977041 OTHER ASSETS 404515 RIGHT OF USE ASSETS 2454336 2858851 ACCRUED COMPENSATION 245488 GIFT ANNUITY OBLIGATIONS / OTHER 33129 LEASE LIABILITIES 2528459 2807076 X 7610927 161871 161871 7449056 0 7449056 8142087 0 8142087 0 8142087 PART X, LINE 2: WAMC, WHICH IS EXEMPT FROM INCOME TAXES UNDER SECTION 501-C(3) OF THE INTERNAL REVENUE CODE, FOLLOWS GUIDANCE ISSUED BY THE FINANCIAL ACCOUNTING STANDARDS BOARD REGARDING ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE INCOME TAX POSITIONS TAKEN BY WAMC FOR ANY YEARS OPEN UNDER THE VARIOUS STATUTES OF LIMITATIONS ARE THAT WAMC CONTINUES TO BE EXEMPT FROM INCOME TAXES AND THAT WAMC MAY, FROM TIME-TO-TIME, RECORD GROSS REVENUE FROM CERTAIN ACTIVITIES WHICH ARE CONSIDERED AN UNRELATED BUSINESS ACTITITY UNDER THE INTERNAL REVENUE CODE. NONE OF WAMC'S FEDERAL OR STATE INCOME TAX RETURNS IS CURRENTLY UNDER EXAMINATION BY THE INTERNAL REVENUE SERVICE OR STATE AUTHORITIES. X X X X X 0 0 0 1 0 0 0 0 0 ALAN S CHARTOCK PRESIDENT / CEO (TO MAY 23) 240619 0 0 0 0 0 87500 0 0 0 328119 0 0 0 MARY GOLDING UNDERWRITING REP 142340 0 0 0 0 0 1050 0 9628 0 153018 0 0 0 PART I, LINE 5 IN THE FISCAL YEAR ENDING JUNE 30, 2024, WAMC EARNED UNDERWRITING REVENUE OF APPROXIMATELY $2,287,620 (SEE FORM 990, PART VIII, LINE 2A). COMMISSIONS ARE PAID TO UNDERWRITING REPRESENTATIVES, INCLUDING MS. GOLDING, MS. HARVEY, AND MS. BARROW (SEE FORM 990, PART VII) EITHER IN ADDITION TO OR IN LIEU OF SALARY OR OTHER COMPENSATION. THE PAYMENT OF COMMISSIONS IS BASED ON UNDERWRITING REVENUES GENERATED. X 4 25512 MARKET VALUE 0 0 1 PART I, LINE 32B: WAMC, ALONG WITH OTHER PUBLIC RADIO STATIONS, UTILIZES THE SERVICES OF 'CHARITABLE ADULT RIDES AND SERVICES' (CARS). THE VEHICLE DONATION SERVICE DOES NOT (AND WILL NOT) SOLICIT ANY VEHICLE DONATIONS ON BEHALF OF ANY STATION. RATHER, IT FACILITATES A NATIONWIDE CAR DONATION PROGRAM WHICH RESULTS IN CASH GIFTS TO WAMC AND OTHER DESIGNATED PUBLIC RADIO STATIONS. FORM 990, PART VI, SECTION A, LINE 4 DESCRIPTION OF SIGNIFICANT CHANGES TO ORGANIZATIONAL DOCUMENTS: THE BOARD BYLAWS WERE UPDATED, WITH THE MISSION ADDED. THE BOARD OF TRUSTEES REVISED THE PROVISION ESTABLISHING THE EXECUTIVE COMMITTEE AND INTRODUCED SPECIFIC REQUIREMENTS FOR FILLING VACANCIES. THE PRESIDENT'S ROLE WAS AMENDED TO MAKE THE PRESIDENT A NON-VOTING MEMBER OF THE BOARD. THE EXECUTIVE COMMITTEE MEETING MANDATE WAS REMOVED, AND A FULL BOARD OF TRUSTEES MEETING REQUIREMENT WAS ADDED. ADDITIONALLY, COMMITTEES WERE REVISED TO INCLUDE AND DEFINE THE EXECUTIVE COMMITTEE, COMPENSATION COMMITTEE, AND NOMINATING COMMITTEE. FORM 990, PART VI, SECTION B, LINE 11B THE CPA/PREPARER REVIEWS A DRAFT COPY OF THE FORM 990 WITH WAMC'S EXECUTIVE COMMITTEE OF THE BOARD AND ANY PROPOSED COMMITTEE CHANGES ARE COMPLETED. SUBSEQUENTLY, BUT PRIOR TO FILING, THE FORM 990 IS DISTRIBUTED TO THE ENTIRE BOARD. FORM 990, PART VI, SECTION B, LINE 12C WAMC MAINTAINS A CONFLICT OF INTEREST POLICY UNDER WHICH OFFICERS, TRUSTEES, AND KEY EMPLOYEES ARE REQUIRED TO DISCLOSE ANNUALLY ANY INTERESTS WHICH MIGHT GIVE RISE TO CONFLICTS. IN ADDITION, TRUSTEES ARE REQUIRED TO DISCLOSE POTENTIAL CONFLICTS TO OTHER BOARD MEMBERS AT ALL MEETINGS. SEPARATELY, A QUESTIONNAIRE IS REQUIRED BY THE FEDERAL COMMUNICATIONS COMMISSION (ON A BI-ANNUAL BASIS) IN WHICH TRUSTEES ARE REQUIRED TO DISCLOSE CONFLICTS AND CERTAIN OTHER MATTERS. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES HAS THE RESPONSIBILITY TO SET THE COMPENSATION OF WAMC'S PRESIDENT / CEO AND, ALSO, CONDUCT AN ANNUAL PERFORMANCE REVIEW. THE COMMITTEE PERIODICALLY (NO LESS THAN EVERY THREE YEARS) EVALUATES COMPENSATION, AND OBTAINS AND REVIEWS INFORMATION ON COMPENSATION IN COMPARABLE ORGANIZATIONS (SEE SCHEDULE J, PART A). THE COMMITTEE ALSO REVIEWS AND APPROVES COMPENSATION FOR WAMC'S OTHER HIGHLY COMPENSATED EMPLOYEES. FORM 990, PART VII, SECTION A: DR. CHARTOCK, THE FORMER PRESIDENT / CEO OF WAMC WHO RETIRED IN MAY 2023, ALSO SERVED AS A TRUSTEE. HIS COMPENSATION, HOWEVER, RELATES SOLELY TO HIS ROLE AS PRESIDENT / CEO. NO TRUSTEES OF WAMC RECEIVE ANY COMPENSATION FOR THEIR ROLE AS AN OFFICER AND/OR TRUSTEE. FORM 990, PART VI, SECTION C, LINE 19 WAMC HAS A PUBLIC INSPECTION FILE, LOCATED AT ITS ALBANY OFFICE, WHICH CONTAINS ORGANIZATIONAL DOCUMENTS AND IRS FILINGS. WAMC MAKES AVAILABLE COPIES UPON REQUEST. WAMC'S ANNUAL FORM 990 IS ALSO AVAILABLE ONLINE AT WWW.WAMC.ORG AND AT WWW.GUIDESTAR.ORG FORM 990, PART XII, LINE 2C WAMC'S AUDIT COMMITTEE, WHICH IS COMPRISED OF INDEPENDENT TRUSTEES, ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT PROCESS AND SELECTION OF THE INDEPENDENT ACCOUNTANT.