Crosstown Radio Partnership Inc

“The 990 was reviewed and approved by the board chair, executive director, treasurer, and general counsel/director.”

“The organization's conflict of interest policy, codified in its bylaws, requires all directors, officers, and key employees to disclose to the board any and all potential sources of conflicts of interest (either direct conflicts or through a family member) and, further, requires that any such director, officer, or key employee abstain from any discussion, vote, or transactions in which any conflict of interest may arise. The general counsel of the organization monitors and confirms compliance with the conflict of interest policy.”

“The general counsel of the organization annually reviews the compensation of key employees, including the executive director and all other qualifying employees, by conducting a review of compensation paid to comparable key employees in similar organizations, in the same or similar metropolitan areas, for organizations with the same or similar annual budgets. Based thereupon and upon any individualized criteria and objective and subjective benchmarks, the general counsel provides to the board of directors his or her recommendation on an acceptable range of compensation for each key employee. In consideration of the report of the general counsel and consideration of other factors as permitted by law, the board determines and sets key employee compensation.”

“The general counsel of the organization annually reviews the compensation of key employees, including the executive director and all other qualifying employees, by conducting a review of compensation paid to comparable key employees in similar organizations, in the same or similar metropolitan areas, for organizations with the same or similar annual budgets. Based thereupon and upon any individualized criteria and objective and subjective benchmarks, the general counsel provides to the board of directors his or her recommendation on an acceptable range of compensation for each key employee. In consideration of the report of the general counsel and consideration of other factors as permitted by law, the board determines and sets key employee compensation.”

“The organization's governing documents are available upon request.”

“To advance education in the greater memphis and mid-south area through the ownership and operation of noncommercial, non-sectarian community radio station, servicing the greater memphis and mid-south area by presenting educational, cultural, and public interest programs under a non-commercial license from the federal communications commission. Programming includes but is not limited to to news programming to educate listeners on matters of local concern, cultural programming to educate listeners in the arts from all ethnic and socioeconomic segments of the community; and music programming to educate listeners on the history, present, and future of music and memphis's place in that history.”

“In 2024, the organization operated its fcc-licensed, noncommercial fm radio station, wyxr. The station broadcasts a wide range of musical, cultural, and public interest programming. This includes talk programs focusing on how faith informs our perspectives and unites peopoe from various backgrounds, as well as deep musical dives into the forgotten figures of memphis hip-hop, punk, blues, and jazz history and their lasting impact on the american musical landscape. The organization's volunteer dj roster has expanded to over 100 individuals, each contributing to 24/7 on-air programming. This growth has allowed the organization to offer a diverse range of shows and perspectives, enriching the radio station's content. In terms of community engagement, the organization's stereo sessions have been a regular feature for four years now, providing in-depth analysis of lesser-known artists and fostering dialogue with our audience. Alongside this, the organization hosted the raised by sound festival, featuring a sold-out fundraising show and a free community concert, furthering the commitment to local music and culture. Fundraising efforts have been robust, with several pledge drives surpassing original goals through listener donations, membership pledges, and sponsorships from local businesses.”

“Contract labor 34,512 21,308 13,730”

“Change in discount rate on rec 44,921 cash to accrual converstion 1,306,750 total 1,351,671 prior period adjustment of 1,306,750 represents the net cash to accrual conversion/difference amount for the 990 being prepared and reported on the accrual basis for 2024 as compared to the cash basis for 2023.”

“The organization's 990 was prepared on the cash basis in all prior tax years; however, the 990 is prepared on the accrual basis for 2024.”