Nonprofit · EIN 42-1087615
FRIENDS OF FM 90
Tax-exempt · SIOUX CITY, IA 51106
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $474,410 | $319,383 | $155,027 | $2,855,204 | $0 | $2,855,204 |
| June 30, 2024 | 990 | $484,019 | $189,553 | $294,466 | $2,584,938 | $0 | $2,584,938 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $297,058
- Program service revenue
- $0
- Investment income
- $177,352
- Net gain from sales of assets
- $110,634
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $244,943
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $285,535
- Management and general (functional)
- $19,061
- Fundraising (functional)
- $14,787
Balance sheet and other
- Total assets, start of year
- $2,584,938
- Total assets, end of year
- $2,855,204
- Total liabilities, end of year
- $0
- Net assets, end of year
- $2,855,204
- Publicly traded securities
- $2,526,578
- Gross receipts
- $996,917
- Employees
- 0
- Volunteers
- 110
- Year formed
- 1977
- State of legal domicile
- IA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GWYNETH GRAY | DIRECTOR Trustee or director | 1 | $0 |
| JOHN DANIELS | PRESIDENT Trustee or director, Officer | 5 | $0 |
| DR EYAD NAJDAWI | DIRECTOR Trustee or director | 1 | $0 |
| STEVEN POSTOLKA | DIRECTOR Trustee or director | 5 | $0 |
| DR JOSHUA NANNESTAD | DIRECTOR Trustee or director | 1 | $0 |
| SEMEHAR GHEBREKIDAN | DIRECTOR Trustee or director | 1 | $0 |
| BEN KNOEPFLER | DIRECTOR Trustee or director | 1 | $0 |
| PEGGY LA | DIRECTOR Trustee or director | 1 | $0 |
| KYLE MILLER | DIRECTOR Trustee or director | 1 | $0 |
| ANGIE SCHEIDERMAN | SECRETARY Trustee or director, Officer | 5 | $0 |
| RYAN AKERBERG | VICE PRESIDENT Trustee or director, Officer | 5 | $0 |
| MARK HINDS | TREASURER Trustee or director, Officer | 5 | $0 |
| STACIA THOMPSON | DIRECTOR Trustee or director | 1 | $0 |
| DR PAULA BENNETT | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 16 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GWYNETH GRAY | DIRECTOR Trustee or director | 1 | $0 |
| STEVE AVERY | DIRECTOR Trustee or director | 1 | $0 |
| JOHN DANIELS | DIRECTOR Trustee or director | 1 | $0 |
| JIM SORVAAG | SECRETARY Trustee or director, Officer | 5 | $0 |
| DR EYAD NAJDAWI | DIRECTOR Trustee or director | 1 | $0 |
| MARGARET HOLMAN | DIRECTOR Trustee or director | 1 | $0 |
| STEVEN POSTOLKA | DIRECTOR Trustee or director | 5 | $0 |
| GREG GILES | TREASURER Trustee or director, Officer | 5 | $0 |
| DR JOSHUA NANNESTAD | DIRECTOR Trustee or director | 1 | $0 |
| LILLIAN LOPEZ | DIRECTOR Trustee or director | 1 | $0 |
| SEMEHAR GHEBREKIDAN | VICE PRESIDENT Trustee or director, Officer | 5 | $0 |
| BEN KNOEPFLER | DIRECTOR Trustee or director | 1 | $0 |
| PEGGY LA | DIRECTOR Trustee or director | 1 | $0 |
| KYLE MILLER | DIRECTOR Trustee or director | 1 | $0 |
| ANGIE SCHEIDERMAN | PRESIDENT Trustee or director, Officer | 5 | $0 |
| REVATHI VONGSIPRASOM | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 4647 STONE AVE, SIOUX CITY, IA 51106-1918
- Principal officer (990 for 2024)
- STEVEN POSTOLKA, 4647 STONE AVE, SIOUX CITY, IA 51104
- Signed the 990
- MARK HINDS, TREASURER
- Phone
- (712) 274-6406
- Website
- www.kwit.org
- Return prepared by
- Nichols Rise & Co LLP
Mission
SUPPORT OF PUBLIC BROADCASTING RADIO STATION KWIT-90.3 FM
Program accomplishments
- SUPPORT OF PUBLIC BROADCASTING RADIO STATION FM-90 KWITExpenses $285,535 · grants $244,943
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 42-1087615
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1977
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A34I)
- Assets (IRS master file)
- $2,855,204
- Income (IRS master file)
- $996,917
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $474,410 | $319,383 | $2,855,204 | IRS |
| 990 | June 2024 | $484,019 | $189,553 | $2,584,938 | XML |
| 990 | June 2023 | $452,240 | $312,421 | $2,152,072 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 42-1087615).
Questions about FRIENDS OF FM 90
- What is the EIN of FRIENDS OF FM 90?
- The employer identification number (EIN) of FRIENDS OF FM 90 is 42-1087615.
- Is FRIENDS OF FM 90 tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1977.
- Are donations to FRIENDS OF FM 90 tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FRIENDS OF FM 90 file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FRIENDS OF FM 90 due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FRIENDS OF FM 90 last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of FRIENDS OF FM 90?
- The 990 for the year ended June 30, 2025 names STEVEN POSTOLKA.
- Who are the officers and directors of FRIENDS OF FM 90?
- The 990 for the year ended June 30, 2025 lists 14 people; 0 received compensation from the organization.
- How much revenue does FRIENDS OF FM 90 have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $474,410, expenses of $319,383 and total assets of $2,855,204 at year end.
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