KNOM’s budget for ordinary expenses for Fiscal Year 2018 was $1,351,744. As you can see from the tables below, actual expenses were significantly (9.3%) less.
This is largely due to 2 vacant full-time paid positions plus efficiencies in fundraising expenses. FY ‘18 staff expenses would be $79,047 (net after benefits and stipends) higher, if the three full-time contracted volunteers were paid a regular wage.
Ordinary income exceeded expenses in FY18, largely due to dear friends who left legacy gifts to KNOM. The board of directors designated this income for long-term savings and reinvestment into the mission.
FY18 also marked the end of KNOM’s 7-year digital expansion project with the installation of the Nautel transmitter. The multi-year campaign expenses were $1,070,655.83, ending with a fund excess of $1,427.89, which will be held for future facility upgrades.
Year-end tax receipts will be mailed to you in mid-January if you gave $100 or more to the mission. If you do not receive one, or prefer an electronic version, please contact the business office at 907-868-1200 or business@knom.org.
Income, FY 2018*
| Donations | $987,691 (69.9%) |
| In-Kind Gifts & Travel | $14,305 (1%) |
| Wills & Bequests | $369,119 (26.1%) |
| Other | $42,347 (3%) |
| Total | $1,413,462 |
Expenses, FY 2018*
| Staff & Volunteers | $500,391 (40.8%) |
| Program Expenses | $364,193 (29.8%) |
| Core Support (Admin & Fundraising) | $360,683 (29.4%) |
| Total | $1,225,267 |
*Fiscal year 2018: July 1, 2017 – June 30, 2018
Image at top: public domain.
