Civic Intelligence

MID-South Public Communications Foundation

EIN 62-0525567 • 501(c)3 • Cordova, TN

View Organization Page

Profile

Mid-South Public Communications Foundation is a non-profit corporation created for the purpose of enhancing the educational and cultural opportunities of the community through the development, ownership, and operation of non-commercial radio and television stations.

7151 Cherry Farms RoadCordova, TN 38016

wkno.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

11th percentile

0.00x

Higher debt load relative to assets than 11% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Liabilities / Revenue

9th percentile

0.01x

Higher debt load relative to revenue than 9% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Net Margin

89th percentile

50%

Higher net margin than 89% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

91st percentile

41%

Faster asset growth than 91% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Revenue Growth

89th percentile

64%

Faster revenue growth than 89% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets11th percentile

Assets

Up

$20,798,515

Up $6,062,379 (+41%) from 2024

Liabilities

Down

$70,596

Down $25,588 (-27%) from 2024

Net Assets

Up

$20,727,919

Up $6,087,967 (+42%) from 2024

Operations
Liabilities / Revenue9th percentileNet Margin89th percentile

Revenue

Up

$11,244,007

Up $4,382,537 (+64%) from 2024

Expenses

Up

$5,639,143

Up $147,324 (+2.7%) from 2024

Net Income

Up

$5,604,864

Up $4,235,213 (+309%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth91st percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30M$20M$10M$0Assets 2011: $14,900,540Liabilities 2011: $495,934Net Assets 2011: $14,404,6062011Assets 2012: $13,678,251Liabilities 2012: $170,580Net Assets 2012: $13,507,6712012Assets 2013: $12,769,586Liabilities 2013: $125,406Net Assets 2013: $12,644,1802013Assets 2014: $12,639,868Liabilities 2014: $76,887Net Assets 2014: $12,562,9812014Assets 2015: $11,773,179Liabilities 2015: $65,347Net Assets 2015: $11,707,8322015Assets 2016: $10,902,081Liabilities 2016: $81,444Net Assets 2016: $10,820,6372016Assets 2017: $10,521,782Liabilities 2017: $62,454Net Assets 2017: $10,459,3282017Assets 2018: $10,592,923Liabilities 2018: $211,418Net Assets 2018: $10,381,5052018Assets 2019: $10,537,997Liabilities 2019: $396,454Net Assets 2019: $10,141,5432019Assets 2020: $10,592,048Liabilities 2020: $81,918Net Assets 2020: $10,510,1302020Assets 2021: $12,673,070Liabilities 2021: $122,101Net Assets 2021: $12,550,9692021Assets 2022: $12,894,247Liabilities 2022: $54,913Net Assets 2022: $12,839,3342022Assets 2023: $13,084,600Liabilities 2023: $66,544Net Assets 2023: $13,018,0562023Assets 2024: $14,736,136Liabilities 2024: $96,184Net Assets 2024: $14,639,9522024Assets 2025: $20,798,515Liabilities 2025: $70,596Net Assets 2025: $20,727,9192025

Highlighted filing

2025

Assets$20,798,515
Liabilities$70,596
Net Assets$20,727,919
Open 2025 Filing

Operations Trend

Revenue Growth89th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2011: $6,667,1422011Expenses 2012: $6,113,4182012Revenue 2013: $5,022,822Expenses 2013: $6,003,250Net Income 2013: -$980,4282013Revenue 2014: $5,573,969Expenses 2014: $5,793,621Net Income 2014: -$219,6522014Revenue 2015: $5,101,904Expenses 2015: $5,755,922Net Income 2015: -$654,0182015Revenue 2016: $4,905,413Expenses 2016: $5,603,389Net Income 2016: -$697,9762016Revenue 2017: $4,813,746Expenses 2017: $5,231,595Net Income 2017: -$417,8492017Revenue 2018: $5,373,936Expenses 2018: $5,460,436Net Income 2018: -$86,5002018Revenue 2019: $5,345,463Expenses 2019: $5,639,527Net Income 2019: -$294,0642019Revenue 2020: $5,822,879Expenses 2020: $5,420,994Net Income 2020: $401,8852020Revenue 2021: $6,880,659Expenses 2021: $5,111,622Net Income 2021: $1,769,0372021Revenue 2022: $5,625,214Expenses 2022: $4,912,758Net Income 2022: $712,4562022Revenue 2023: $5,497,963Expenses 2023: $5,426,372Net Income 2023: $71,5912023Revenue 2024: $6,861,470Expenses 2024: $5,491,819Net Income 2024: $1,369,6512024Revenue 2025: $11,244,007Expenses 2025: $5,639,143Net Income 2025: $5,604,8642025

Highlighted filing

2025

Revenue$11,244,007
Expenses$5,639,143
Net Income$5,604,864
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Summary only. Only limited summary data is available for this year.

Open filing
Assets
$20,798,515
Liabilities
$70,596
Net assets
$20,727,919
Revenue
$11,244,007
Expenses
$5,639,143
Net income
$5,604,864
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Summary only. Only limited summary data is available for this year.$20.8$0.07$20.7$11.2$5.64$5.60
2024Summary only. Only limited summary data is available for this year.$14.7$0.10$14.6$6.86$5.49$1.37
2023Summary only. Only limited summary data is available for this year.$13.1$0.07$13.0$5.50$5.43$0.07
2022Summary only. Only limited summary data is available for this year.$12.9$0.05$12.8$5.63$4.91$0.71
2021Summary only. Only limited summary data is available for this year.$12.7$0.12$12.6$6.88$5.11$1.77
2020Summary only. Only limited summary data is available for this year.$10.6$0.08$10.5$5.82$5.42$0.40
2019Summary only. Only limited summary data is available for this year.$10.5$0.40$10.1$5.35$5.64$0.29
2018Summary only. Only limited summary data is available for this year.$10.6$0.21$10.4$5.37$5.46$0.09
2017Summary only. Only limited summary data is available for this year.$10.5$0.06$10.5$4.81$5.23$0.42
2016Summary only. Only limited summary data is available for this year.$10.9$0.08$10.8$4.91$5.60$0.70
2015Summary only. Only limited summary data is available for this year.$11.8$0.07$11.7$5.10$5.76$0.65
2014Summary only. Only limited summary data is available for this year.$12.6$0.08$12.6$5.57$5.79$0.22
2013Summary only. Only limited summary data is available for this year.$12.8$0.13$12.6$5.02$6.00$0.98
2012Summary only. Only limited summary data is available for this year.$13.7$0.17$13.5$6.11
2011Summary only. Only limited summary data is available for this year.$14.9$0.50$14.4$6.67
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Dec 21, 2025
Return Version
2024v5.0
Gross Receipts
$11,367,830
Mission and Program Overview

Mission

Mid-South Public Communications Foundation is a non-profit corporation created for the purpose of enhancing the educational and cultural opportunities of the community through the development, ownership, and operation of non-commercial radio and television stations. The community continues to be our largest source of income. The funds come from membership activities, corporate and foundation support, entrepreneurial activities, ancillary services and contract productions. All of our radio and television stations operate 24 hours a day, 365 days a year.

Mid-South Public Communications Foundation is a non-profit corporation created for the purpose of enhancing the educational and cultural opportunities of the community through the development, ownership, and operation of non-commercial radio and television stations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$6,756,973$12,452,191▲ $5,695,218
Land, Buildings, and Equipment, Net$7,511,611$7,317,720▼ $193,891
Cash and Non-Interest-Bearing Accounts$273,046$895,936▲ $622,890
Accounts Receivable$99,629$55,790▼ $43,839
Pledges and Grants Receivable$69,191$53,391▼ $15,800
Prepaid Expenses and Deferred Charges$25,686$23,487▼ $2,199
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$14,736,136$20,798,515▲ $6,062,379
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$82,447$70,596▼ $11,851
Deferred Revenue$13,737$0▼ $13,737
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$96,184$70,596▼ $25,588
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$12,541,587$18,461,513▲ $5,919,926
Net Assets With Donor Restrictions$2,098,365$2,266,406▲ $168,041
Total Net Assets Fund Balance$14,639,952$20,727,919▲ $6,087,967
Total Liabilities and Net Assets / Fund Balance$14,736,136$20,798,515▲ $6,062,379

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,807,565$3,422,737$0
Other Land Buildings$0$0$0
Land$1,620,684-$0
Equipment$889,471$9,161,643$0
Leasehold Improvements$0$0$0
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Charles McLartyBoard TreasurerFT$120,278$13,486$133,764

Board Members and Trustees

NameTitle
Dr Craig EsraelBoard Chair
Vincent MiragliaBoard Vice-Chair
Herman Morris JrBoard Secretary
Anne EmmerthTrustee
Daryl QuarlesTrustee
Dave EdmondsTrustee
Dr Tyrone BurroughsTrustee
Jim HartiganTrustee
Jim RoutTrustee
Kimberly AlexanderTrustee
Markova ReedTrustee
Molly WexlerTrustee
Nicole CodyTrustee
Paul MattewsTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$5,473,549
Program Service Revenue
$40,369
Investment Income
$5,225,683
Other Revenue
$504,406
All Other Contributions
$3,845,952
Change in Net Assets
$5,604,864

Audited Revenue Reconciliation

Revenue per Audited Statements
$11,244,007
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$514,741
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$11,758,748
Total Revenue per Form 990
$11,244,007
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,171,266
Salaries, Compensation, and Employee Benefits$2,391,066
Total Fundraising Expense$995,223
Professional Fundraising Fees$76,811
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,265,347$100,966$481,428$1,847,741
Depreciation Depletion$276,973$24,810$38,051$339,834
Occupancy$223,301$5,005$16,189$244,495
Other Employee Benefits$118,998$14,004$43,536$176,538
Current Officers, Directors, Trustees, and Key Employees$40,048$80,096$40,048$160,192
Payroll Taxes$105,149$15,859$35,628$156,636
Other Expenses$0$8,271$144,372$152,643
Fees for Services Accounting$0$145,615$0$145,615
Information Technology$73,050$16,090$23,418$112,558
Office Expenses$38,893$21,640$51,950$112,483
Fees for Services Other$86,191$0$0$86,191
Fees for Services Professional Fundraising--$76,811$76,811
Pension Plan Contributions$29,010$10,241$10,708$49,959
Fees for Services Lobbying$38,749$0$0$38,749
Fees for Services Management$0$0$29,170$29,170
Insurance$11,630$6,383$1,277$19,290
Travel$9,661$2,879$2,637$15,177
Advertising$12,923$0$0$12,923
Fees for Services Legal$0$8,591$0$8,591
Total Functional Expenses$4,096,258$547,662$995,223$5,639,143

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$5,670,781
Expenses per Audited Statements$5,639,143
Total Expenses per Form 990$5,639,143
Expenses Not Reported on Form 990$31,638
Expenses Not Reported on Financial Statements$0
Other Expense Adjustments$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$76,811
Fundraising Gross Income$19,365
Fundraising Direct Expenses$6,895
Gaming Direct Expenses$0
Gaming Gross Income$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Rick Steves event$12,171$12,171$4,480$7,691
Online Auction$7,194$7,194$1,768$5,426
Total Events$19,365$19,365$6,895$12,470
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

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

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
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

“The 990 is presented during a Finance Committee meeting and then posted on the company website.”

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

“Each year the Board of Directors fills out disclosure forms if they feel there is a conflict.”

Form 990, Part VI, Section B, Line 15

“Each year the Board of Director's review the performance of the President & CEO and approve their annual pay and review goals for the upcoming year.”

Form 990, Part VI, Section C, Line 19

“WKNO posts their audited financial statements and other documents on the company website, distributes them to the Board of Directors, and sends them to government regulators.”

Filing and Contact Details

Filer

Filer Name
Mid-south Public Communications Foundation
EIN
62-0525567
Phone
9014582521
Address
7151 Cherry Farms Road, Cordova, TN 38016
Doing Business As
Wkno Tv Fm

Signing Officer

Name
Scott Davidson
Title
Director of Finance
Phone
9017298706
Signed
2025-12-21

Organization Details

Principal Officer
Charles McLarty
Formed
1953
Legal Domicile
Tn
Voting Board Members
15
Independent Board Members
15
Employees
47
Volunteers
35
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Special events included in expenses on the audited financial statements.”

Financial Statement Notes

Schedule D, Part XI, Line 2D

“Special event expenses included in expenses on the audited financial statements but netted in revenue on the 990.”

Schedule D, Part XII, Line 2D

“Special event expenses included in expenses on the audited financial statements, but netted in revenue on the 990.”

Raw XML AppendixShowing 400 of 801 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/PersonNm0Charles McLarty
IRS990/Form990PartVIISectionAGrp/PersonNm1Kimberly Alexander
IRS990/Form990PartVIISectionAGrp/PersonNm2Dr Tyrone Burroughs
IRS990/Form990PartVIISectionAGrp/PersonNm3Nicole Cody
IRS990/Form990PartVIISectionAGrp/PersonNm4Dave Edmonds
IRS990/Form990PartVIISectionAGrp/PersonNm5Anne Emmerth
IRS990/Form990PartVIISectionAGrp/PersonNm6Dr Craig Esrael
IRS990/Form990PartVIISectionAGrp/PersonNm7Jim Hartigan
IRS990/Form990PartVIISectionAGrp/PersonNm8Paul Mattews
IRS990/Form990PartVIISectionAGrp/PersonNm9Vincent Miraglia
IRS990/Form990PartVIISectionAGrp/PersonNm10Herman Morris Jr
IRS990/Form990PartVIISectionAGrp/PersonNm11Daryl Quarles
IRS990/Form990PartVIISectionAGrp/PersonNm12Markova Reed
IRS990/Form990PartVIISectionAGrp/PersonNm13Jim Rout
IRS990/Form990PartVIISectionAGrp/PersonNm14Molly Wexler
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/TitleTxt0Board Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt1Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt2Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt3Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt4Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt5Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt6Board Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt7Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt8Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt9Board Vice-Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt10Board Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt11Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt12Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt13Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt14Trustee
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IRS990/Form990TFiledInd01
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IRS990/MissionDesc0Mid-South Public Communications Foundation is a non-profit corporation created for the purpose of enhancing the educational and cultural opportunities of the community through the development, ownership, and operation of non-commercial radio and television stations.
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