The Wclv Foundation in Cleveland, Ohio (OH)

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The Wclv Foundation
Employer Identification Number (EIN)341967831
Name of OrganizationThe Wclv Foundation
In Care of NameROBERT D CONRAD
AddressIdea Center 1375 Euclid Ave, Cleveland, OH 44115
WebsiteN/A
SubsectionCharitable Organization, Educational Organization
Ruling Date05/2003
DeductibilityContributions are deductible
FoundationOrganizations operated solely for the benefit of and in conjunction with organizations described in 10 through 16 above
OrganizationCorporation
Tax Period2012
Assets$0
Income$0
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$18,367,358
Amount of Income$25,847
Form 990 Revenue Amount$25,847
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities: Radio


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Amount of income in 2012: $25,847
The Wclv Foundation: 

 $25,847
Other organizations performing similar types of work: 

 $7,402,840

Assets in 2012: $18,367,358
This organization: 

 $18,367,358
Other organizations performing similar types of work: 

 $8,636,476

Expenses in 2011: $14,424,615
The Wclv Foundation: 

 $14,424,615
Other organizations performing similar types of work: 

 $6,407,252

Income to expenses ratio in 2011: 0.0
The Wclv Foundation: 

 0.0
Other organizations performing similar types of work: 

 1.3

Expenses allocated to program services in 2005: 93.3%
This organization: 

 93.3%
Other organizations performing similar types of work: 

 73.6%

Grants share in income in 2011: 23.1%
The Wclv Foundation: 

 23.1%
Other organizations performing similar types of work: 

 98.6%

Financial snapshot ($)

Revenue for 2011

Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?Yes
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2011)
Total revenue$14,806
Contributions, Gifts, Grants and Other Similar Amounts$3,416
Program Service Revenue$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$1
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$11,389
Statement of Functional Expenses (for 2011)
Total functional expenses$14,424,615
Compensation of current officers, directors, trustees, and key employees$0
Other salaries and wages$0
Payroll taxes$0
Professional fundraising services$0
Other$14,424,615
Balance Sheet (for 2011)
Total assets$26,186
Total liabilities$0
Total net assets or fund balances$26,186
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2)
Revenue, Expenses, and Changes in Net Assets or Fund Balances
2002200320042005
Total revenue$274,799$125,715$348,199$25,847
Contributions, gifts, grants, and similar amounts received$0$2,375$1,570$12,530
Contributions to donor advised funds
Direct public support$0$2,375$1,570$12,530
Indirect public support$0$0$0$0
Government contributions (grants)$0$0$0$0
Program service revenue including government fees and contracts$0$0$0$0
Membership dues and assessments$0$0$0$0
Interest on savings and temporary cash investments$0$0$0$773
Dividends and interest from securities$0$0$0$0
Net rental income or (loss)$0$0$0$0
Gross rents$0$0$0$0
Less: rental expenses$0$0$0$0
Other investment income$0$0$0$0
Gain or (loss) from sales of assets other than inventory$0$0$0$0
Gross amount from sales of assets other than inventory$0$0$0$0
Less: cost or other basis and sales expenses$0$0$0$0
Net income or (loss) from special events and activities$0$0$0$0
Gross revenue$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0
Less: cost of goods sold$0$0$0$0
Other revenue$274,799$123,340$346,629$12,544
Total expenses$101,000$55,965$139,888$26,800
Program services$0$25,000$26,000$25,000
Management and general$101,000$30,965$113,888$1,800
Fundraising$0$0$0$0
Payments to affiliates$0$0$0$0
Net assets or fund balances at end of year$18,014,428$18,084,178$18,450,280$18,367,358
Excess or (deficit) for the year$173,799$69,750$208,311$-953
Net assets or fund balances at beginning of year$17,840,629$18,014,428$18,084,178$18,450,280
Other changes in net assets or fund balances$0$0$157,791$-81,969
Statement of Functional Expenses (for 2005)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$26,800$25,000$1,800$0
Grants paid from donor advised funds
Other grants and allocations$25,000
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$0$0$0$0
Compensation of former officers, directors, key employees, etc.
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Salaries and wages of employees not included above$0$0$0$0
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$0$0$0$0
Payroll taxes$0$0$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$0$0$0$0
Legal fees$0$0$0$0
Supplies$0$0$0$0
Telephone$0$0$0$0
Postage and shipping$0$0$0$0
Occupancy$0$0$0$0
Equipment rental and maintenance$0$0$0$0
Printing and publications$0$0$0$0
Travel$0$0$0$0
Conferences, conventions, and meetings$0$0$0$0
Interest$0$0$0$0
Depreciation, depletion, etc.$0$0$0$0
Other expenses not covered above$1,800$0$1,800$0
Balance Sheets
2002200320042005
Total assets$18,115,428$18,084,178$18,540,286$18,368,562
Cash - non-interest-bearing$0$2,325$2,960$20,601
Savings and temporary cash investments$0$0$0$0
Accounts receivable less allowance for doubtful accounts$0$50$0$0
Pledges receivable less allowance for doubtful accounts$0$0$0$0
Grants receivable$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Other notes and loans receivable less allowance for doubtful accounts$0$0$0$0
Inventories for sale or use$0$0$0$0
Prepaid expenses and deferred charges$0$12,535$0$0
Investments - publicly-traded securities
Investments - other securities$0$0$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0
Investments - other$18,115,428$18,069,268$18,537,326$18,347,961
Land, buildings, and equipment less accumulated depreciation$0$0$0$0
Other assets, including program-related investments$0$0$0$0
Total liabilities$101,000$0$90,006$1,204
Accounts payable and accrued expenses$101,000$0$90,006$1,204
Grants payable$0$0$0$0
Deferred revenue$0$0$0$0
Loans from officers, directors, trustees, and key employees$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0
Mortgages and other notes payable$0$0$0$0
Other liabilities$0$0$0$0
Total liabilities and net assets/fund balances$18,115,428$18,084,178$18,540,286$18,368,562
Total net assets or fund balances$18,014,428$18,084,178$18,450,280$18,367,358
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
2002200320042005
Total revenue$0$0$0$0
Total revenue, gains, and other support per audited financial statements$0$0$0$0
Other expenses$0$0$0$0
Net unrealized gains on investments$0$0$0$0
Donated services and use of facilities$0$0$0$0
Recoveries of prior year grants$0$0$0$0
Other$0$0$0$0
Other revenue$0$0$0$0
Investment expenses$0$0$0$0
Other$0$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
2002200320042005
Total expenses$0$0$0$0
Total expenses and losses per audited financial statements$0$0$0$0
Other revenue$0$0$0$0
Donated services and use of facilities$0$0$0$0
Prior year adjustments$0$0$0$0
Losses$0$0$0$0
Other$0$0$0$0
Other expenses$0$0$0$0
Investment expenses$0$0$0$0
Other$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings6
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?No
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?Yes
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?
Did the organization acquire a direct or indirect interest in any applicable insurance contract?
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?
Number of employees employed in the pay period that includes March 12, 20060
Analysis of Income-Producing Activities (for 2005)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$7,733$5,584$0
Program service revenue
Program service revenue 1000000$000$0$0
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$773$0
Dividends and interest from securities000000$000$0$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$000$0$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenueRadio and television broadcasting (except Internet)$7,733Income from an activity that is not regularly carried on (section 512(a)(1))$4,811$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2005)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2005)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2005)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
The total number of donor advised funds owned at the end of the tax year
The aggregate value of assets held in all donor advised funds owned at the end of the tax year
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts
The aggregate value of assets held in all funds or accounts included above at the end of the tax year
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isNot controlled by disqualified persons/supports non private foundation
Support Schedule
2001200220032004
Total$0$0$0$0
Gifts, grants, and contributions received$0$0$0$0
Membership fees received$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0$0
Net income from unrelated business activities not included above$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0
Other income$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2005)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
Unrelated Trade or Business Income (for 2008)
IncomeExpensesNet
Total$-21,401$0$-21,401
Gross receipts or sales less returns and allowances$0$0$0
Cost of goods sold$0$0$0
Gross profit$0$0$0
Capital gain net income$0$0$0
Net gain$0$0$0
Capital loss deduction for trusts$0$0$0
Income (loss) from partnerships and S corporations$-21,401$0$-21,401
Rent income$0$0$0
Unrelated debt-financed income$0$0$0
Interest, annuities, royalties, and rents from controlled organizations$0$0$0
Investment income of a section 501(c)(7), (9), or (17) organization$0$0$0
Exploited exempt activity income$0$0$0
Advertising income$0$0$0
Other income$0$0$0
Deductions Not Taken Elsewhere (for 2008)
Total deductions$0
Compensation of officers, directors, and trustees$0
Salaries and wages$0
Repairs and maintenance$0
Bad debts$0
Interest$0
Taxes and licenses$0
Charitable contributions$0
Depreciation$0
Depletion$0
Contributions to deferred compensation plans$0
Employee benefit programs$0
Excess exempt expenses$0
Excess readership costs$0
Other deductions$0
Unrelated business taxable income$-21,401
Unrelated business taxable income before net operating loss deduction$-21,401
Net operating loss deduction$0
Unrelated business taxable income before specific deduction$-21,401
Specific deduction$1,000
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1National Public Radio Inc1111 North Capitol St Nw, Washington, DC 20002DC1971-06$276,624,589
2Educational Media Foundation, K-Love Radio5700 W Oaks Blvd, Rocklin, CA 95765-3719CA1983-10$146,869,443
3Minnesota Public Radio, American Public Media480 Cedar St, Saint Paul, MN 55101-2217MN1969-02$91,951,142
4New York Public Radio160 Varick Street, New York, NY 10013-1220NY1979-12$61,505,294
5Public Radio International Inc401 2nd Ave N Ste 500, Minneapolis, MN 55401-2097MN1982-07$18,915,240
6Pacifica Foundation Radio1925 Martin Luther King Jr Way, Berkeley, CA 94704-1037CA1958-04$13,379,153
7Ksbj Educational Foundation Inc1722 Treble Dr, Humble, TX 77338-5253TX1981-05$8,790,190
8Vermont Public Radio20 Troy Ave, Colchester, VT 05446-3120VT1975-10$8,291,100
9The Wclv FoundationIdea Center 1375 Euclid Ave, Cleveland, OH 44115OH2003-05$25,847
10Southwestern Ohio Public Radio IncPo Box 24121, Huber Heights, OH 45424OH1976-01$25,643
11Chicago Public Media Inc848 E Grand 3rd Floor, Chicago, IL 60611-3509IL1994-03$23,253,700
12Wisconsin Public Radio Association Inc821 University Ave, Madison, WI 53706-1412WI1974-11$11,157,400
13Texas Public Radio, Riverwalk8401 Datapoint Dr Ste 800, San Antonio, TX 78229-5903TX1990-04$3,870,327
14Wrni Foundation881 Commonwealth Ave Rm 432, Boston, MA 02215-1303MA1999-01$350,000
15Thin Air Community Radio, Kyrs35 W Main Ave, Spokane, WA 99201-0109WA2007-08$144,767
16Youngshine Media Inc99 Clinton Rd, West Caldwell, NJ 07006-6601NJ2000-05$28,243
17Blessed Path Foundation IncPO BOX 186, Linden, VA 22642-0186VA2009-04$0
18Hollow Earth Radio2018-A East Union Street, Seattle, WA 98122WA2009-04$0
19Misplaced Music Inc2537 Polk St Ne, Minneapolis, MN 55418MN2007-09$0
20Zion Public Radio2146 Sword Dr, Garland, TX 75044-6028TX2007-12$0
Number of organizations performing similar types of work
California9
Colorado1
Connecticut1
District of Columbia2
Florida1
Illinois1
Kansas1
Kentucky1
Louisiana1
Massachusetts2
Minnesota3
New Hampshire1
New Jersey3
New York2
Ohio2
Tennessee2
Texas4
Virginia1
Vermont1
Washington2
Wisconsin1
Total42

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