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exPenses<br />
33 %<br />
7 %<br />
Fundraising<br />
Administration<br />
Programmatic services and activities<br />
accounted for 60%, or $2,397,161 of<br />
<strong>KEXP</strong>’s operations expenses in 2010—the<br />
largest portion of <strong>KEXP</strong>’s expense budget.<br />
<strong>KEXP</strong>’s fundraising and administration<br />
expenses accounted for 33% and 7%,<br />
respectively. In comparison with a representative<br />
sample of our public radio peers,<br />
<strong>KEXP</strong> spends a higher-than-average<br />
percentage of expenses on programming<br />
activities.<br />
As directed by <strong>KEXP</strong>’s Governing Board,<br />
the organization continued to accrue<br />
operating reserves in 2010. <strong>KEXP</strong> added<br />
to its cash reserves, bringing the total<br />
$ 4,001,012<br />
60 %<br />
program operations<br />
to $1,798,635 or approximately 5.8<br />
months’ coverage in 2010 dollars. Reserve<br />
funds help an organization seize<br />
compelling opportunities and absorb<br />
unexpected expenses without risking core<br />
programming services or the overall health<br />
of the organization.<br />
17
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