Overview
What is Capitol Broadcasting Association Inc?
Capitol Broadcasting Association Inc, with the on-air identity of KMFA 89.5, is a renowned nonprofit organization situated in Austin, Texas. Serving approximately 100,000 listeners weekly, KMFA is an independent public classical radio station that showcases locally produced programs, such as Classical Austin, Early Music Now, and From The Butler School, alongside nationally distributed programming from various public broadcasting entities. The station's mission is to inspire and uplift the human spirit through classical music, crafting exceptional experiences both on-air, online, and within the community. KMFA regularly hosts live concerts, broadcasts, and social events, and offers educational opportunities for youth, including camps and tours, as well as art exhibits. With a dedicated team of 28 employees, the organization is committed to enriching the lives of its listeners and the Austin community through classical music.
Official website here: www.kmfa.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: Zero-Star out of Four Star rating (49%)
Capitol Broadcasting Association Inc has received a poor rating of 49% from Charity Navigator, resulting in a Zero-Star designation. This score reflects significant concerns in areas such as financial accountability and transparency. While the organization does have a fully independent board and complies with certain governance policies, critical weaknesses are evident in its financial ratios, particularly in program expense and liabilities to assets.
The charity's strengths include a well-structured board with effective governance practices, showing a commitment to independence and conflict of interest management. However, these positives are overshadowed by the alarming financial metrics, such as the lack of program expenses and a concerning liabilities to assets ratio, which raise questions about the organization’s operational sustainability and efficiency in fulfilling its mission.
Additionally, the absence of a whistleblower policy and shortcomings in document retention practices highlight potential governance issues that could affect accountability. While fundraising is relatively efficient, the overall financial management reflects serious deficiencies that stakeholders should consider before engaging with or supporting the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Capitol Broadcasting Association Inc legitimate?
Capitol Broadcasting Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Capitol Broadcasting Association Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $239,080
Professional Fundraising Fees: $0
Other Salaries and Wages: $843,330
For more financial information, click here
Official website here: www.kmfa.org
What is the mission statement of Capitol Broadcasting Association Inc?
Capitol Broadcasting Association Inc's mission is centered around classical music, aiming to inspire and revitalize the human spirit. Through its station KMFA 89.5, the organization crafts exceptional classical music experiences, both on-air and online, as well as within the community. Their activities extend beyond radio broadcasts, encompassing live concerts, broadcasts, social events, and educational programs for various age groups. They also feature locally produced shows and nationally distributed programming, catering to approximately 100,000 listeners each week.
Official website here: www.kmfa.org
Who is the CEO of Capitol Broadcasting Association Inc?
George Preston is the Chair of Capitol Broadcasting Association Inc.
Official website here: www.kmfa.org
What is the revenue of Capitol Broadcasting Association Inc?
Capitol Broadcasting Association Inc's revenue in 2022 was $2,246,779.
Official website here: www.kmfa.org
Who are the executives of Capitol Broadcasting Association Inc and what are their salaries?
The average compensation at Capitol Broadcasting Association Inc during 2022 was $38,658. There are 28 employees and 41 volunteers at Capitol Broadcasting Association Inc.
Here are 22 key members and their salaries:
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- Other: $11,988
Official website here: www.kmfa.org
Where can I find the form 990 for Capitol Broadcasting Association Inc?
Capitol Broadcasting Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.kmfa.org
Learn more at the official website: www.kmfa.org
Mission Statement of Capitol Broadcasting Association Inc
Capitol Broadcasting Association Inc, through its radio station KMFA 89.5, is dedicated to crafting exceptional classical music experiences for its audience. This nonprofit organization believes that classical music has the power to inspire and restore the human spirit. They achieve this mission by curating a mix of locally produced shows like Classical Austin, Early Music Now, and From the Butler School, as well as nationally distributed programs from Public Radio International, American Public Media, and National Public Radio.
Capitol Broadcasting Association Inc goes beyond just broadcasting music. They host live concerts and broadcasts, social occasions, youth camps, K-12 tours, and art exhibits. These events provide opportunities for the community to engage with classical music in various ways, fostering a deeper connection and appreciation for the art form. By offering such diverse experiences, Capitol Broadcasting Association Inc is not only entertaining its listeners but also enriching their lives.
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Impact
July, 2024
Capitol Broadcasting Association Inc, through its classical music radio station KMFA 89.5 in Austin, TX, has a significant impact on the community by inspiring and restoring the human spirit through exceptional classical music experiences. Serving approximately 100,000 listeners each week, KMFA features locally produced shows like Classical Austin, Early Music Now, and From the Butler School, as well as nationally distributed programming from Public Radio International, American Public Media, and National Public Radio.
In addition to on-air broadcasts, KMFA also hosts live concerts and broadcasts, social occasions, youth camps, K-12 tours, and art exhibits. By providing access to high-quality classical music and cultural events, Capitol Broadcasting Association Inc enriches the community's artistic landscape and contributes to the cultural vibrancy of Austin, TX. Through its mission of inspiring and restoring the human spirit through classical music, Capitol Broadcasting Association Inc plays a pivotal role in promoting arts and culture in the region.
This information is meant to be a general summary of Capitol Broadcasting Association Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $5,814
- Program Service Revenue: $244,040
- Gross Receipts: $2,265,774
Assets and Liabilities:
- Total Assets: $11,120,688
- Total Liabilities: $660,325
- Net Assets: $10,460,363
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
UNDERWRITING
Revenue
$244,040
Organization Details
Founding Year
1965
Phone
(512) 476-5632Principal Officer
George Preston
Main Address
41 NAVASOTA, AUSTIN, TX, 78702
Website
www.kmfa.orgNTEE Category
Code: A34 - Arts
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