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2012 Financial Report

The fiscal year from July 2011 to June 2012 was unique for our mission; the year saw the transition of KNOM to a new, independent nonprofit entity (KNOM Radio Mission, Inc.), as well as the first steps in our studio annex project, the Tom and Florence Busch Digital Studios. With your enthusiastic support, we finished the fiscal year in the black. Our income was $2,039,092, our expenses $1,646,678. Nearly all of this “extra” income is dedicated either to our digital studios construction or to other long-term development goals, described in further detail below.

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As always, the large majority of our income in the past fiscal year came from individual donors. 55.6% of KNOM’s overall income ($1,133,241) was from one-time or recurring donations, while 24.3% ($495,860) came from legacy gifts (funds entrusted to KNOM from wills, bequests, or estates). Legacy giving continues to provide a vital part of our operating budget.

Miscellaneous income – 17.6% ($359,668) – was higher than normal and consisted almost entirely of a settlement KNOM received in April at the conclusion of a two-year litigation against a former contractor. This money is earmarked for a long-term development plan to build financial infrastructure for KNOM’s future sustainability.

The remaining 2.5% of our funds came from interest on our bank accounts (just $826) and related income ($49,497), consisting of program underwriting from local organizations and fees from the National Weather Service, which rents space on our AM transmitter tower to broadcast its dedicated weather channel.

Both our expenses and income over the fiscal year were made higher by our digital studios campaign. While our capital campaign brought in more financial support, our expenses also included the architectural designs and plans for our studio expansion and renovation: a project that will continue, with your support, well into 2013.

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Our expenses included $361,995 for fundraising (22.0%); $115,698 for this newsletter (7.0%); $245,237 for general operations (14.9%); $239,989 for programming and technical costs (14.6%); and $683,759 for staff salaries (41.5%).

Our full-time volunteers remain an essential part of our operations, and their service – working full-time for room, board, and a small personal stipend – saved our mission about $111,000 in fiscal year 2012.

We saved, also, through new, energy-efficient technologies described in previous editions of this newsletter. In particular, the installation of dynamic carrier control (DCC) – a cost-saving method of power management at our AM transmitter site – paid for itself within three months, and we estimate that DCC will save $35,000 in electricity costs over fiscal year 2013.

As always, everything that we do is made possible through your support. Thanks so much!


This article is part of the January 2013 edition of our newsletter, The Nome Static.

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Land Acknowledgement

We acknowledge that KNOM Radio Mission is located on the customary lands of Indigenous peoples. 

Based in the Bering Strait region, KNOM broadcasts throughout the homelands of the Iñupiaq, Siberian Yup’ik, Cup’ik and Yup’ik peoples.