Connecticut Public Broadcasting Inc
- Assets
- $75.8m
- Revenue
- $21.8m
- Investments
- $1.5m
- Employees
- 132
- Location
- Hartford, CT
- Founding
- 03/1964
- Data as of
- 06/2021
- EIN
- 06-0758938
Organization Overview
Connecticut Public Broadcasting Inc is located in Hartford, CT. The organization was established in 1964. According to its NTEE Classification (A30) the organization is classified as: Media & Communications, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Connecticut Public Broadcasting Inc employed 132 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Connecticut Public Broadcasting Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Connecticut Public Broadcasting Inc generated $21.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $22.7m during the year ending 06/2021. While expenses have increased by 1.1% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
WE ARE CTS ONLY LOCALLY OWNED MEDIA ORGANIZATION PRODUCING TV, RADIO, PRINT AND INTERNET CONTENT WITH A MIX OF EDUCATIONAL, NEWS, PUBLIC AFFAIRS, CHILDRENS AND ENTERTAINMENT PROGRAMMING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONNECTICUT PUBLIC TELEVISION CPTV AND CONNECTICUT PUBLIC RADIOS WNPR COMMUNITY SUPPORTED, STATEWIDE PUBLIC BROADCASTING NETWORKS ARE DEDICATED TO SERVING DIVERSE COMMUNITIES WITH A MIX OF EDUCATIONAL, NEWS, PUBLIC AFFAIRS, CHILDRENS, AND ENTERTAINMENT PROGRAMMING AND SERVICES. SPECIFIC PROGRAMS INCLUDE WHERE WE LIVE, THE COLIN MCENROE SHOW, NEW ENGLAND NEWS COLLABORATIVE, CONVERSTIONS ON THE GREEN, YOUNG BLACK PROTESTERS REFLECT ON WHY THEY MARCH, CONNECTICUT CONVERSATIONS IS SCHOOL SAFE, AMERICAN GRADUATE A PATH FORWARD, FAKE EXPLAINERS, RAISED VOICES, DISRUPTED, WHY YOUNG PROTESTERS ARE FIGHTING FOR RACIAL JUSTICE IN NEW ENGLAND, AND MENTAL HEALTH DURING COVID-19. WE REACH 332,750 LINEAR TELEVISION VIEWERS, 151,506 STREAMING VIDEO VIEWERS, 259,900 LINNEAR RADIO LISTENERS AND 57,790 DIGITAL RADIO LISTENERS EACH WEEK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Contreras President/ceo | OfficerTrustee | 50 | $473,162 |
Meg Sakellarides Treasurer/cfo | Officer | 50 | $313,586 |
Deidre Tavera Chief Development Officer | 50 | $216,475 | |
Jerry Franklin Former President/ceo | 15 | $214,447 | |
Tim Rasmussen Chief Content Officer | Officer | 50 | $211,887 |
Jake Volcsko Chief Digital Officer | Officer | 50 | $203,902 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dielectric Llc Broadcast Tower Construction | 6/29/20 | $513,628 |
Dielectric Llc Broadcast Tower Construction | 6/29/20 | $513,628 |
Untamed Hair Productions & Consulting Programming Production Consulting | 6/29/20 | $103,800 |
Communications Site Management Broadcast Tower Rental | 6/29/20 | $163,832 |
Communications Site Management Broadcast Tower Rental | 6/29/20 | $163,832 |
Kauff Mcclain & Mcguire Llp Legal Services | 6/29/20 | $138,679 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $7,059,650 |
| Fundraising events | $0 |
| Related organizations | $931,000 |
| Government grants | $3,804,139 |
| All other contributions, gifts, grants, and similar amounts not included above | $27,522 |
| Noncash contributions included in lines 1a–1f | $446,841 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,822,311 |
| Total Program Service Revenue | $6,003,168 |
| Investment income | $736,895 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $922 |
| Net Rental Income | $20,136 |
| Net Gain/Loss on Asset Sales | $1,038,838 |
| Net Income from Fundraising Events | $7,030 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $21,836,986 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,255,918 |
| Compensation of current officers, directors, key employees. | $1,005,131 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,680,975 |
| Pension plan accruals and contributions | $248,454 |
| Other employee benefits | $870,253 |
| Payroll taxes | $618,209 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $129,799 |
| Fees for services: Accounting | $43,340 |
| Fees for services: Lobbying | $28,000 |
| Fees for services: Fundraising | $373,097 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,217,428 |
| Advertising and promotion | $57,008 |
| Office expenses | $14,428 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $887,019 |
| Travel | $59,913 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $32,386 |
| Interest | $65,466 |
| Payments to affiliates | $990,990 |
| Depreciation, depletion, and amortization | $1,061,273 |
| Insurance | $186,352 |
| All other expenses | $963,089 |
| Total functional expenses | $22,677,135 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $535,006 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,102,143 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $502,819 |
| Net Land, buildings, and equipment | $6,161,206 |
| Investments—publicly traded securities | $61,934,225 |
| Investments—other securities | $1,454,673 |
| Investments—program-related | $97,621 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $75,787,693 |
| Accounts payable and accrued expenses | $3,675,001 |
| Grants payable | $0 |
| Deferred revenue | $2,295,916 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,970,917 |
| Net assets without donor restrictions | $66,860,286 |
| Net assets with donor restrictions | $2,956,490 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $75,787,693 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Connecticut Public Broadcasting Inc has recieved totaling $4,320.
| Awarding Organization | Amount |
|---|---|
Harry F Barnes And Carol H Barnes Ffamily Foundation Inc Bristol, CT PURPOSE: GRANT TO CHARITABLE ORGANIZATION | $4,000 |
Konstantin Family Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $250 |
Barnabas Foundation Inc Tariffville, CT PURPOSE: FOR RELIGIOUS AN EDUCATIONAL PURPOSE | $70 |
Endowment Analysis
| Beg. Balance | $46,768,722 |
| Earnings | $14,407,209 |
| Admin Expense | $67,839 |
| Net Contributions | $1,848,631 |
| Other Expense | $2,294,545 |
| Ending Balance | $60,662,178 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Connecticut Public Broadcasting Inc Hartford, CT | $75,787,693 | $21,836,986 |
Wxxi Public Broadcasting Council Rochester, NY | $26,835,003 | $14,361,773 |
Western New York Public Broadcasting Association Buffalo, NY | $20,445,081 | $15,235,511 |
Geopath New York, NY | $2,097,357 | $11,766,480 |
Public Media Nj Inc New York, NY | $13,143,046 | $9,787,571 |
Wmht Educational Telecommunications Inc Troy, NY | $24,630,036 | $10,052,137 |
Democracy Now Productions Inc New York, NY | $36,977,400 | $9,199,755 |
Public Broadcasting Council Of Central New York Inc Old Liverpool Syracuse, NY | $17,299,983 | $6,896,548 |
Jta-Mjl New Corp New York, NY | $4,638,573 | $7,369,921 |
Markup News Inc New York, NY | $7,207,134 | $6,862,028 |
Forward Assoc Inc New York, NY | $1,778,782 | $4,957,225 |
Queens Public Communications Corporation Flushing, NY | $19,316,266 | $6,693,975 |