Classical 981

“Form 990 is circulated to the president, treasurer, ceo, finance committee and chief operating officer for preview before the form is filed with the irs.”

“Upon appointment, each director and principal officer of the organization signs a statement which affirms he/she has received a copy of the conflicts of interest policy, has read and understands the policy and agrees to comply with the policy. A copy of the conflicts of interest policy is also distributed annually to the directors and officers. In addition, periodic reviews are performed to determine that all transactions conform to the organization's written policies.”

“In 2021, a compensation study was performed to determine market equity increase including review with board of directors to determine compensation for the ceo. The information from this study was considered to be applicable to 2022 as well.”

“In 2021, a compensation study was performed to determine market equity increase including review with board of directors to determine compensation for the ceo. The information from this study was considered to be applicable to 2022 as well.”

“The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon written request.”

“Short-period return and change in accounting period: this form 990 is being filed for a short tax period beginning january 1, 2024 and ending june 30, 2024. The abbreviated period results from the organizations decision to change its tax year from a calendar year ending december 31 to a fiscal year ending june 30. Change in accounting period: effective january 1, 2024, classical 98.1 formally adopted a fiscal year ending june 30 in place of its prior calendar-year reporting cycle. Accordingly, this return reports the organizations activities, revenues, and expenses for the six-month transition period 01/01/2024 06/30/2024. The change in accounting period qualifies for automatic approval under revenue procedure 85-58; therefore, form 1128 is not required. A resolution approving the change was duly adopted by the board of directors on november 6, 2023. No other modifications to the organizations accounting methods or governing documents were made in connection with this change.”

“Classical king 98.1 was founded in 1948 and became a public radio station in 2011. King fm reaches more than 220,000 listeners each week, offering commercial-free classical music 24 hours a day over the air throughout the puget sound region and globally via online streams. King fm offers local classical concert broadcasts annually, engages more than 15,000 donors, and moved into a new state-of-the-art facility in 2020. King fm also offers video music content featuring local performers. King fm is also committed to growing the next generation of classical music listeners, offering several music education initiatives on-air, online and in the community. Our board adopted a new strategic framework in 2020 that calls us for us to make significant steps in diversifying our programming, our staff, and our board within the next five years. We are in the process of updating that plan.”

“Classical 98.1 uses a wide spectrum of technologies to deliver the highest quality experience on air and online. In addition to a full-powered analog fm broadcast signal, king fm transmits additional channels of classical music using a state-of-the-art hd digital signal that allows over-the-air cd-quality reception of the main king fm channel and the calm by king channel. In support of our mission, king fm reaches out to a world-wide audience via online audio streams and our smartphone apps allowing audiences far beyond the range of our fm signal to appreciate and enjoy the northwest's great classical music performances. King fm's live broadcast capabilities bring the music of northwest artists from performance venues into the homes of listeners. Classical 98.1 carries concert pre-recorded broadcasts featuring seattle opera, seattle symphony, the seattle chamber music society, and the compline service at st. Mark's cathedral among others.”