Civic Intelligence

Khoi Fm

990 • Fiscal year 2023 • EIN 27-1365272

Jul 01, 2022 to Jun 30, 2023 • Filed on Dec 30, 2023

622 Douglas AveAmes, IA 50010

(515) 292-2878

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

39th percentile

0.00x

Higher debt load relative to assets than 39% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

39th percentile

0.00x

Higher debt load relative to revenue than 39% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

93rd percentile

59%

Higher net margin than 93% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

54th percentile

$0

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

41st percentile

0.4%

Faster asset growth than 41% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

90th percentile

98%

Faster revenue growth than 90% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Assets

Up

$468,609

Up $2,040 (+0.4%) from 2022

Net Assets

Up

$467,032

Up $198,926 (+74%) from 2022

Liabilities

Down

$1,577

Down $196,886 (-99%) from 2022

Revenue

Up

$335,561

Up $166,265 (+98%) from 2022

Expenses

Down

$138,774

Down $7,591 (-5.2%) from 2022

Net Income

Up

$196,787

Up $173,856 (+758%) from 2022

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600K$400K$200K$0Assets 2012: $84,599Liabilities 2012: $30,000Net Assets 2012: $54,5992012Assets 2013: $133,652Liabilities 2013: $30,546Net Assets 2013: $103,1062013Assets 2014: $125,091Liabilities 2014: $29,872Net Assets 2014: $95,2192014Assets 2015: $99,858Liabilities 2015: $28,323Net Assets 2015: $71,5352015Assets 2016: $89,239Liabilities 2016: $25,036Net Assets 2016: $64,2032016Assets 2017: $89,500Liabilities 2017: $24,140Net Assets 2017: $65,3602017Assets 2018: $74,345Liabilities 2018: $21,657Net Assets 2018: $52,6882018Assets 2019: $72,580Liabilities 2019: $22,417Net Assets 2019: $50,1632019Assets 2020: $98,661Liabilities 2020: $15,976Net Assets 2020: $82,6852020Assets 2021: $259,110Liabilities 2021: $13,935Net Assets 2021: $245,1752021Assets 2022: $466,569Liabilities 2022: $198,463Net Assets 2022: $268,1062022Assets 2023: $468,609Liabilities 2023: $1,577Net Assets 2023: $467,0322023Assets 2024: $456,158Liabilities 2024: $347Net Assets 2024: $455,8112024Assets 2025: $453,312Net Assets 2025: $453,3122025

Highlighted filing

2023

Assets$468,609
Liabilities$1,577
Net Assets$467,032

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$400K$300K$200K$100K$0-$100KRevenue 2012: $66,856Expenses 2012: $19,457Net Income 2012: $47,3992012Revenue 2013: $104,083Expenses 2013: $55,576Net Income 2013: $48,5072013Revenue 2014: $75,523Expenses 2014: $83,410Net Income 2014: -$7,8872014Revenue 2015: $89,118Expenses 2015: $112,802Net Income 2015: -$23,6842015Revenue 2016: $89,164Expenses 2016: $96,496Net Income 2016: -$7,3322016Revenue 2017: $119,472Expenses 2017: $118,315Net Income 2017: $1,1572017Revenue 2018: $132,076Expenses 2018: $144,748Net Income 2018: -$12,6722018Revenue 2019: $126,620Expenses 2019: $129,145Net Income 2019: -$2,5252019Revenue 2020: $163,286Expenses 2020: $130,764Net Income 2020: $32,5222020Revenue 2021: $305,333Expenses 2021: $142,843Net Income 2021: $162,4902021Revenue 2022: $169,296Expenses 2022: $146,365Net Income 2022: $22,9312022Revenue 2023: $335,561Expenses 2023: $138,774Net Income 2023: $196,7872023Revenue 2024: $122,961Expenses 2024: $139,547Net Income 2024: -$16,5862024Revenue 2025: $137,343Expenses 2025: $139,713Net Income 2025: -$2,3702025

Highlighted filing

2023

Revenue$335,561
Expenses$138,774
Net Income$196,787
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Dec 30, 2023
Return Version
2022v5.0
Gross Receipts
$506,407
Mission and Program Overview

Mission

KHOI FM exists to create a locally programmed, noncommercial, community-based radio station in Central Iowa. Our mission is to welcome all voices of our community, regardless of their perspectives, to freely discuss issues, nourish the spirit, and entertain. We will encourage community members to draw their own conclusions.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$356,010$347,951▼ $8,059
Cash and Non-Interest-Bearing Accounts$68,611$83,314▲ $14,703
Savings and Temporary Cash Investments$38,348$33,744▼ $4,604
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$466,569$468,609▲ $2,040
Other Assets Total$3,600$3,600→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$197,129--
Accounts Payable and Accrued Expenses$1,334$1,577▲ $243
Total Liabilities$198,463$1,577▼ $196,886
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$268,106$467,032▲ $198,926
Total Net Assets Fund Balance$268,106$467,032▲ $198,926
Total Liabilities and Net Assets / Fund Balance$466,569$468,609▲ $2,040

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$239,627$20,188$259,815
Leasehold Improvements$46,329$14,429$60,758
Land$56,000-$56,000
Equipment$3,022$39,650$42,672
Other Land Buildings$2,973$12,842$15,815
Compensation and Service Providers

Board Members and Trustees

NameTitle
Lynne CareyPresident
Anne KinzelVice President
Cinian Zheng-durbinDirector
Jim PopkenDirector
Pat SchlarbaumDirector
Paul HertzDirector
Sam WormleyDirector
Tammy KoolbeckDirector
Mary RichardsSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$311,081
Program Service Revenue
$0
Investment Income
$24,480
Other Revenue
$0
All Other Contributions
$311,081
Change in Net Assets
$196,787
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$72,438
Other Expenses$66,336
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$66,303--$66,303
Occupancy$23,727--$23,727
Depreciation Depletion-$11,291-$11,291
Payroll Taxes$6,135--$6,135
Interest-$3,907-$3,907
Insurance$3,884--$3,884
Fees for Services Accounting-$3,728-$3,728
Information Technology-$1,916-$1,916
Other Expenses$1,565$3,278-$1,565
All Other Expenses$259$626-$885
Advertising$266--$266
Office Expenses-$83-$83
Total Functional Expenses$113,945$24,829$0$138,774
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

Once prepared, form 990 is sent to the treasurer for a full review. After thatreview and necessary corrections made, it is sent to each voting member of the boardfor review. Upon approval, the return is filed with the irs.

Form 990, Part VI, Section B, Line 12C

Conflicts are disclosed annually, and we excuse a memberfrom discussion and vote if there is a possibility of a conflict of interest.

Form 990, Part VI, Section C, Line 19

Governing documents, policies, financial statementsand forms 990 are made available to the public. A written request must be made andaddressed to khoi fm 410 douglas ave, ames, ia 50010.

Filing and Contact Details

Filer

Filer Name
Khoi Fm
EIN
27-1365272
Phone
5152922878
Address
622 DOUGLAS AVE, AMES, IA 50010

Signing Officer

Name
Lynne Carey
Title
President
Signed
2023-12-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lynne Carey
Formed
2009
Legal Domicile
Ia
Voting Board Members
9
Independent Board Members
9
Employees
3
Volunteers
30

Preparer

Firm
Newman Accounting Solutions
Address
409 2nd Ave, Slater, IA 50244
Preparer
Stephanie Newman
Phone
5156853600
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IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt06135
IRS990/PayrollTaxesGrp/TotalAmt06135
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0LYNNE CAREY
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0196787
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt038348
IRS990/SavingsAndTempCashInvstGrp/EOYAmt033744
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0311081
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0167957
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0291338
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0149280
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0126466
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01046122
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt01105
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt01339
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt08354
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0341
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0154
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt011293
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt05641
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt013665
IRS990ScheduleA/OtherIncome170Grp/TotalAmt019306
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.97160
IRS990ScheduleA/PublicSupportPY170Pct00.96710
IRS990ScheduleA/PublicSupportTotal170Amt01046122
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0311081
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0167957
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0291338
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0149280
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0126466
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01046122
IRS990ScheduleA/TotalSupportAmt01076721
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt0239627
IRS990ScheduleD/BuildingsGrp/DepreciationAmt020188
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0259815
IRS990ScheduleD/EquipmentGrp/BookValueAmt03022
IRS990ScheduleD/EquipmentGrp/DepreciationAmt039650
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt042672
IRS990ScheduleD/LandGrp/BookValueAmt056000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt056000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt046329
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt014429
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt060758
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02973
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt012842
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt015815
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0347951
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ONCE PREPARED, FORM 990 IS SENT TO THE TREASURER FOR A FULL REVIEW. AFTER THATREVIEW AND NECESSARY CORRECTIONS MADE, IT IS SENT TO EACH VOTING MEMBER OF THE BOARDFOR REVIEW. UPON APPROVAL, THE RETURN IS FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CONFLICTS ARE DISCLOSED ANNUALLY, AND WE EXCUSE A MEMBERFROM DISCUSSION AND VOTE IF THERE IS A POSSIBILITY OF A CONFLICT OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS, POLICIES, FINANCIAL STATEMENTSAND FORMS 990 ARE MADE AVAILABLE TO THE PUBLIC. A WRITTEN REQUEST MUST BE MADE ANDADDRESSED TO KHOI FM 410 DOUGLAS AVE, AMES, IA 50010.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0466569
IRS990/TotalAssetsEOYAmt0468609
IRS990/TotalAssetsGrp/BOYAmt0466569
IRS990/TotalAssetsGrp/EOYAmt0468609
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0311081
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt024829
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0113945
IRS990/TotalFunctionalExpensesGrp/TotalAmt0138774
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0198463
IRS990/TotalLiabilitiesEOYAmt01577
IRS990/TotalLiabilitiesGrp/BOYAmt0198463
IRS990/TotalLiabilitiesGrp/EOYAmt01577
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0268106
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0467032
IRS990/TotalProgramServiceExpensesAmt0113945
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt024480
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0335561
IRS990/TotalVolunteersCnt030
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0466569
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0468609
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0622 DOUGLAS AVE
IRS990/USAddress/CityNm0AMES
IRS990/USAddress/StateAbbreviationCd0IA
IRS990/USAddress/ZIPCd050010
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.KHOIFM.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$4.53$4.53$1.37$1.40$0.02
2024Detailed filing. Detailed filing data is available for this year.$4.56$0.00$4.56$1.23$1.40$0.17
2023Detailed filing. Detailed filing data is available for this year.$4.69$0.02$4.67$3.36$1.39$1.97
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.67$1.98$2.68$1.69$1.46$0.23
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.59$0.14$2.45$3.05$1.43$1.62
2020Detailed filing. Detailed filing data is available for this year.$0.99$0.16$0.83$1.63$1.31$0.33
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.73$0.22$0.50$1.27$1.29$0.03
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.74$0.22$0.53$1.32$1.45$0.13
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.90$0.24$0.65$1.19$1.18$0.01
2016Detailed filing. Detailed filing data is available for this year.$0.89$0.25$0.64$0.89$0.96$0.07
2015Detailed filing. Detailed filing data is available for this year.$1.00$0.28$0.72$0.89$1.13$0.24
2014Detailed filing. Detailed filing data is available for this year.$1.25$0.30$0.95$0.76$0.83$0.08
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.34$0.31$1.03$1.04$0.56$0.49
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.85$0.30$0.55$0.67$0.19$0.47