2024-10-15T08:49:30-05:00 2023-12-31 363168081 SIKICH LLC 333 JOHN CARLYLE STREET SUITE 500 ALEXANDRIA VA 22314 990 2023-01-01 521601936 STATION RESOURCE GROUP INC STAT 6264827343 530 S LAKE AVENUE BOX 402 PASADENA CA 91101 THOMAS W BILL DAVIS PRINCIPAL 6264827343 2024-10-14 1 1 JILL M BOYLE CPA P01246734 7038361350 2024-10-02 2023 2024-10-15 13:58:12Z THOMAS W BILL DAVIS 530 S LAKE AVENUE BOX 402 PASADENA CA 91101 954381 0 X WWW.SRG.ORG X 1987 MD SRG STRATEGIZES, ORGANIZES, AND ADVOCATES FOR STRONGER SERVICE BY LEADING PUBLIC RADIO STATIONS. 8 7 5 7 0 0 0 0 947712 943686 2151 10695 494 0 950357 954381 0 0 0 0 542841 497509 0 0 9890 243193 480066 786034 977575 164323 -23194 1056829 985167 74183 25715 982646 959452 X THAT AMERICA'S STRONGEST PUBLIC RADIO STATIONS BETTER SERVE THE PUBLIC AND THRIVE DURING A PERIOD OF RADICAL CHANGE. 0 0 147554 STRENGTHEN MEMBER INSTITUTIONS:STRENGTHENING PROGRAM SERVICES FOR MEMBER INSTITUTIONS COMPRISES AUDIENCE SERVICES, DIGITAL TRANSFORMATION, JOURNALISM, AND IMPROVING ORGANIZATIONAL CULTURES. IN 2023, SRG HELPED STATIONS FORM STRATEGIES TO ACCELERATE THE TRANSFORMATION FROM LEGACY BROADCAST STATIONS TO BECOMING MULTI-PLATFORM/MULTI-PRODUCT COMMUNITY DIGITAL MEDIA INSTITUTIONS. SRG ALSO FOCUSED ON STRATEGIES FOR IMPROVING ORGANIZATIONAL CULTURES TO HELP MEMBER INSTITUTIONS BE MORE REFLECTIVE OF THE COMMUNITIES THEY SERVE. SRG COMPILED LOCAL AUDIENCE RESEARCH INTO A META-ANALYSIS OF NATIONAL AUDIENCE TRENDS AND PRODUCED TWO SIGNIFICANT REPORTS ON THE OPPORTUNITIES TO INCREASE SERVICES TO OUR COMMUNITIES WHILE ALSO IDENTIFYING KNOWLEDGE GAPS THAT WILL REQUIRE FUTURE RESEARCH. SRG CONTINUED TO MAP PUBLIC MEDIA'S STRENGTH IN LOCAL JOURNALISM AND HOW ITS MEMBERS MIGHT IMPROVE THEIR PERFORMANCE IN THIS AREA. THROUGHOUT 2023, SRG ALSO FOCUSED ON HOW LOCAL MUSIC STATIONS MIGHT ALSO IMPROVE SERVICES TO THEIR COMMUNITIES. FINALLY, SRG LAUNCHED A SIGNIFICANT OVERHAUL OF THE SERVICES ON ITS WEBSITES. 217565 INCREASE PHILANTHROPIC SUPPORT FOR MEMBER INSTITUTIONS:INCREASING PHILANTHROPIC SUPPORT FOR MEMBER INSTITUTIONS COMPRISES SRG WORKING CLOSELY WITH ITS MEMBERS TO IDENTIFY OPPORTUNITIES FOR MAJOR GIFTS (I.E., GREATER THAT $10,000) THAT WILL SUPPORT ONGOING ACTIVITIES OR NEW INITIATIVES AT THE LOCAL STATIONS. SRG WORKS WITH ITS MEMBERS TO CREATE COMPELLING CASES FOR SUCH PHILANTHROPIC SUPPORT AND TO SECURE MAJOR GIFTS THAT ENSURE A MARGIN OF EXCELLENCE IN THEIR PUBLIC SERVICE. IN 2023, SRG ADDED THIS PROGRAM TO ITS CORE SERVICES FOR ITS MEMBERS AND INCREASED THE AMOUNT OF WORK IT IS DOING WITH THE CONSULTANT MARGARET HUNT--ONE OF THE PREMIER FUNDRAISERS IN ALL OF PUBLIC MEDIA--TO PROVIDE STRATEGIC AND TACTICAL ADVICE IN IDENTIFYING, CULTIVATING, SOLICITING, AND STEWARDING MAJOR GIFTS FOR ITS MEMBERS. 183388 158902 CONVENE A COMPELLING STRATEGIC PLANNING RETREAT:SRG'S ANNUAL RETREAT CREATES A CRITICAL OPPORTUNITY FOR PUBLIC MEDIA'S MOST FORWARD-LOOKING AND PROGRESSIVE LEADERS TO COME TOGETHER IN AN ENVIRONMENT THAT IS SIMULTANEOUSLY SUPPORTIVE AND CHALLENGING TO ADDRESS THE MOST IMPORTANT OPPORTUNITIES AND CHALLENGES FACING OUR COMMUNITIES. IN 2023, SRG CONVENED ITS LARGEST EVERY STRATEGIC PLANNING RETREAT IN NASHVILLE, TENNESSEE, AND FOCUSED ON STRATEGIES FOR MAKING THE TRANSITION FROM LEGACY BROADCAST STATIONS TO DIGITAL MULTI-PLATFORM COMMUNITY MEDIA INSTITUTIONS; PRESENTATIONS ON THE AUDIENCE RESEARCH META-ANALYSES SRG HAD CONDUCTED; STRATEGIES FOR BUILDING MORE INCLUSIVE AND EFFECTIVE ORGANIZATIONAL CULTURES; STRATEGIES AND TACTICS FOR STRENGTHENING THE QUALITY OF LOCAL PUBLIC SERVICE JOURNALISM AND ARTS PROGRAMMING; AND STRATEGIES AND TACTICS FOR MEMBERS TO INCREASE THE AMOUNT OF MAJOR PHILANTHROPIC FUNDING THEY RECEIVE TO SUPPORT THESE INITIATIVES. 130165 SRG'S ADVOCATING FOR ITS MEMBERS' INTERESTS INCLUDES SRG WORKING WITH MEMBERS TO IDENTIFY THEIR SHARED INTERESTS, AND THEN ADVOCATING FOR THOSE INTERESTS SO THAT MEMBERS CAN FULFILL THEIR POTENTIAL. SRG'S MEMBER INSTITUTIONS HAVE COMMON INTERESTS ACROSS A RANGE OF OPERATIONAL, REGULATORY, AND LEGISLATIVE CONCERNS. IN 2023, SRG CONTINUED TO MONITOR AND ADVOCATE FOR MEMBERS' INTERESTS REGARDING LEGISLATION, REGULATION, AND THEIR RELATIONS WITH RELEVANT NETWORKS, VENDORS, AND FUNDERS BY ORGANIZING AND COORDINATING COLLABORATIVE EFFORTS THAT ACHIEVE IMPACTS BEYOND THE CAPABILITY OF ANY SINGLE INSTITUTION. MORE SPECIFICALLY, IN 2023, SRG DEVOTED SIGNIFICANTLY MORE TIME TO ADVOCATING FOR ITS MEMBERS' INTERESTS WHERE THE DISTRIBUTION OF FUNDS FROM THE CORPORATION FOR PUBLIC BROADCASTING IS CONCERNED AND WITH RESPECT TO NPR'S FORAYS INTO DIRECT AUDIENCE FUNDRAISING. 130165 678672 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 6 0 5 1 0 0 0 0 0 0 0 0 0 0 0 0 X 8 7 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 MD X THOMAS W (BILL) DAVIS 6264827343 530 S LAKE AVENUE PASADENA CA 91101 THOMAS W BILL DAVIS PRINCIPAL 40.00 X X 340500 0 0 KYRA MCGRATH BOARD CHAIR 0.75 X X 0 0 0 DEBBIE HIOTT DIRECTOR 0.50 X 0 0 0 RACHEL HUBBARD DIRECTOR 0.50 X 0 0 0 BILL JOHNSON DIRECTOR 0.50 X 0 0 0 KEVIN MARTIN DIRECTOR 0.50 X 0 0 0 NICO LEONE DIRECTOR 0.50 X 0 0 0 STEVE BASS DIRECTOR 0.50 X 0 0 0 340500 0 0 1 0 1 0 MARGARET HUNT LLC MARGARET HUNT 2195 N HILL AVENUE ALTADENA CA 91001 TO IMPROVE MEMBERS' PERFORMANCE 155000 1 MEMBERSHIP DUES 900099 943686 943686 943686 10695 10695 954381 943686 0 10695 X 340500 214746 119332 6422 79850 50198 28124 1528 56003 35206 19725 1072 21156 13300 7451 405 49850 49850 231253 214340 16913 8253 5729 2440 84 1966 1365 581 20 29873 13363 16510 119803 102232 17571 1162 807 343 12 1568 1089 463 16 UNCOLLECTIBLE CONTRIBUT 26050 18086 7702 262 DUES AND SUBSCRIPTION 5940 5194 721 25 CREDIT LOSS 3382 2348 1000 34 OTHER OPERATING COSTS 966 669 287 10 977575 678672 289013 9890 601850 497460 369512 380206 88983 83243 17456 95 95 26469 25502 2129 967 1056829 985167 74183 25715 74183 25715 X 982646 959452 982646 959452 1056829 985167 -23194 0 X X 0 1 X 1 0 X 890872 838566 863328 947712 943686 4484164 890872 838566 863328 947712 943686 4484164 0 296238 517880 480592 550222 545250 2390182 296238 517880 480592 550222 545250 2390182 2093982 4709 1190 483 2151 10695 19228 4709 1190 483 2151 10695 19228 621 494 1115 896202 839756 863811 950357 954381 4504507 0.46490 0.52170 0.00430 0.00320 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2019 AMOUNT: $ 621. 2022 AMOUNT: $ 494. 2023 AMOUNT: $ 0. 26469 25502 967 967 X 954381 0 954381 0 954381 977575 0 977575 0 977575 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL AND LOCAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND A SIMILAR PROVISION OF STATE LAW. THE ORGANIZATION IS NOT CLASSIFIED AS A PRIVATE FOUNDATION. THE ORGANIZATION IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE THEIR TAX-EXEMPT STATUS THAT WOULD REQUIRE RECOGNITION IN THE ACCOMPANYING FINANCIAL STATEMENTS. GENERALLY, TAX RETURNS ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES FOR UP TO THREE YEARS FROM THE DATE A COMPLETED RETURN IS FILED. IF MATERIAL OMISSIONS OF INCOME EXIST, TAX RETURNS MAY BE SUBJECT TO EXAMINATION FOR UP TO SIX YEARS. IT IS THE ORGANIZATION'S POLICY TO DISCLOSE INTEREST AND/OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS, IF ANY, IN THE ACCOMPANYING FINANCIAL STATEMENTS. AS OF DECEMBER 31, 2023 AND 2022, THE ORGANIZATION HAD NO UNCERTAIN TAX POSITIONS WHICH SHOULD BE DISCLOSED. THE ORGANIZATION IS NO LONGER SUBJECT TO U.S. FEDERAL OR STATE EXAMINATIONS BY TAX AUTHORITIES FOR TAX YEARS PRIOR TO 2020. X 1 1 X X X X X X 0 0 0 0 0 0 0 0 0 THOMAS W BILL DAVIS PRINCIPAL 330000 0 0 0 10500 0 0 0 0 0 340500 0 0 0 PART I, LINE 1A STATION RESOURCE GROUP REIMBURSED PRINCIPAL THOMAS W. (BILL) DAVIS $10,500 FOR THE BUSINESS USE OF PERSONAL RESIDENCE. THIS AMOUNT IS INCLUDED IN THEIR REPORTABLE COMPENSATION ON FORM 990. FORM 990, PART VI, SECTION A, LINE 6 SEE EXPLANATION FOR LINE 7A. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD DECIDES BY RESOLUTION THE TOTAL NUMBER OF ELECTED DIRECTORS (EXCLUSIVE OF EX OFFICIO DIRECTORS) AS LONG AS THE BOARD HAS AT LEAST 5 ELECTED MEMBERS AND NO MORE THAN 9. THE CHAIR APPOINTS A NOMINATING COMMITTEE THAT INCLUDES BOARD MEMBERS AND AT LEAST ONE NON-DIRECTOR STATION REPRESENTATIVE. THE CHAIR DECIDES THE SCHEDULE AND PROCESS FOR THE ELECTION. EACH MEMBER MAY CAST ONE VOTE FOR EACH POSITION TO BE FILLED. FORM 990, PART VI, SECTION A, LINE 7B SEE EXPLANATION FOR LINE 7A. FORM 990, PART VI, SECTION B, LINE 11B SGR'S OFFICERS REVIEW THE FORM 990 FOR ACCURACY. IN ADDITION, THE SRG BOARD'S FINANCE COMMITTEE RECEIVES A COPY OF THE FORM 990 FOR THEIR REVIEW PRIOR TO SUBMISSION. THE FINAL VERSION OF FORM 990 IS THEN CIRCULATED TO THE FULL BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS (INCLUDING THE CEOS, WHO ARE EX-OFFICIO MEMBERS OF THE BOARD) ARE FAMILIAR WITH THE RESPECTIVE OPERATIONS AND INTERESTS OF THEIR FELLOW BOARD MEMBERS IN THE OUTCOMES OF DECISIONS MADE BY THE BOARD. THIS IS AN ONGOING REALITY IN HOW SRG DOES BUSINESS. WHEN DECISIONS ARE MADE, THERE IS FRANK DISCUSSION ON THE BOARD REGARDING OUTRIGHT CONFLICTS OF INTEREST AND MORE SUBTLE ISSUES THAT MAY AFFECT BOARD ACTIONS. THE BOARD DOES NOT HESITATE TO DISCUSS WHETHER OR NOT AN INDIVIDUAL MEMBER SHOULD DISQUALIFY HIMSELF OR HERSELF FROM THE DISCUSSION AND OR DECISION-MAKING PROCESS. ALL BOARD MEMBERS ARE FAMILIAR WITH AND SUPPORT THE STANDARDS OF BEHAVIOR OUTLINED IN SECTION III OF THE BOARD'S ETHICS AND CONFLICTS OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF SRG'S OFFICERS IS REVIEWED ON A PERIODIC BASIS BY THE SRG BOARD'S FINANCE COMMITTEE. THE BOARD'S FINANCE COMMITTEE MAKES RECOMMENDATIONS TO THE ENTIRE BOARD REGARDING COMPENSATION LEVELS. THE WHOLE BOARD MAKES A FINAL DECISION AND DISCUSSES THAT WITH THE OFFICERS. THE LEVELS OF COMPENSATION AND OTHER TERMS OF EMPLOYMENT ARE THEN MEMORIALIZED IN AN AGREEMENT EXECUTED BETWEEN THE CHAIR AND THE OFFICERS. OVERALL OFFICERS PERFORMANCE AND ORGANIZATIONAL ACTIVITIES ARE REVIEWED ON AN ANNUAL BASIS. COMPENSATION TO ALL OTHER HIGHLY COMPENSATED EMPLOYEES IS SET BY THE OFFICERS ANNUALLY USING MARKETPLACE EMPLOYMENT DATA AS THE PRIMARY INDICATOR OF AN APPROPRIATE COMPENSATION RANGE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER CONSULTANTS AND FEES: PROGRAM SERVICE EXPENSES 214,340. MANAGEMENT AND GENERAL EXPENSES 16,913. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 231,253. FORM 990 PART XII LINE 2 PROCESS HAS NOT CHANGED SINCE LAST YEAR.