Annual Report to Listeners
WSHU Listeners Make a Difference
Thanks to financial support from 17,663 listeners, WSHU finished the 2004-2005 fiscal year with $1,727,588 in membership contributions. That generosity, along with support from underwriters, institutions, and the Corporation for Public Broadcasting, made what we do possible.
This year costs continued to increase, especially in our costs for purchased programs, the added membership money allowed WSHU to keep pace; WSHU closed Fiscal Year 2005 with an operating surplus of $212,891 which just about offsets the deficits of a few years back. WSHU is grateful for your support, and looks forward to a successful year of quality public radio programs for the Connecticut and Long Island area.
As Noted in the following financial statements, WSHU booked in-kind income of $234,996 from Sacred Heart University. This value was derived from formulas provided by the Corporation for Public Broadcasting and itemizes a share of security, maintenance, and administrative cost of the University less the payments WSHU makes to Sacred Heart University. In addition, we booked $31,697 of donated products and services, most of which are tickets, CD, and books used as premiums (thank-you gifts) for membership drives. The following charts show income and expenses net of these in-kind items.
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WSHU works very hard to serve our listeners well and to be your favorite radio station. Our goal is to be your favorite radio station and that of your 200,000 neighbors who tune in at least once each week. Thanks very much for being a loyal WSHU listener, and for being supportive of our efforts to serve you better.
Certified Financial Statements
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