“Plan for the worst, hope for the best” was our strategy for the journey through the quagmire of last fiscal’s year prolonged pandemic-related challenges.
Most charities had a rough year. In FY 21 (which lasted from July 1, 2020 to June 30, 2021) KNOM was 0.5% under budget for expenses and 11.6% over budget for income. Despite uncertainty, the mission finished the fiscal year “in the black.”
The most notable difference between FY21 and FY20 is the addition of public and private foundation grant funds last year. By leveraging the talents of current staff, the opportunity for additional funding helped diversify KNOM’s funding stream. Another change was the the opportunity to bring on local radio interns and staff as more prospective volunteer fellows chose to stay close to family after graduating.
These and other efforts will continue to add institutional strength for KNOM as the mission’s board of directors finalizes their third round of five-year strategic planning.
If you gave to KNOM in 2021, year-end tax receipts will be mailed to you in mid-January. If you do not receive one, don’t need one, or prefer an electronic version, please contact the development office at 907-868-1200, or firstname.lastname@example.org.
Thank you, for being the muscle and backbone that carried the radio mission through a difficult year.
Income, FY20 and FY21
|Income||FY21||% of total||FY20||% of total|
|Donations||$ 1,084,765||68.30%||$ 1,010,112||59.60%|
|Wills & Bequests||$ 335,276||21.10%||$ 587,230||34.60%|
|Grants (public & private)||$ 115,293||7.30%||$ 0||0.00%|
|Other sources||$ 52,259||3.30%||$ 97,693||5.80%|
|Total||$ 1,587,593||100%||$ 1,695,035||100%|
Expenses, FY20 and FY21
|Expenses||FY21||% of total||FY20||% of total|
|Staff & Volunteers||$ 650,989||44.30%||$ 536,807,||42.70%|
|Mission Operations||$ 532,991||36.30%||$ 408,568,||32.50%|
|Core Support (admin & development)||$ 286,153||19.40%||$ 312,128||24.80%|
|Total||$ 1,470,133||100.00%||$ 1,257,503||100.00%|
Image at top: During the end of Fiscal Year 21 and the start of Fiscal Year 22, the mission caught up on maintenance work deferred due to a lack of available contractors.
The photo above shows the finally-completed fence around the AM tower at the transmitter site. Due to delays, it had to be completely replaced rather than repaired. In the end, increased labor costs and huge spikes in materials made the job significantly more expensive.
The fence is designed to allow blowing snow to fly through the fence, rather than piling up high enough to create access to dangerous high voltage equipment.