Connecticut Public Broadcasting Inc
- Assets
- $67.2m
- Revenue
- $25.5m
- Investments
- $858.7k
- Employees
- 156
- Location
- Hartford, CT
- Founding
- 03/1964
- Data as of
- 06/2022
- 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 06/2022, Connecticut Public Broadcasting Inc employed 156 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 06/2022, Connecticut Public Broadcasting Inc generated $25.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $25.0m during the year ending 06/2022. While expenses have increased by 2.3% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
WE ARE CT'S ONLY LOCALLY OWNED MEDIA ORGANIZATION PRODUCING TV, RADIO, PRINT AND INTERNET CONTENT WITH A MIX OF EDUCATIONAL, NEW, PUBLIC AFFAIRS, CHILDREN'S AND ENTERTAINMENT PROGRAMMING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONNECTICUT PUBLIC TELEVISION (CPTV) AND CONNECTICUT PUBLIC RADIO'S (WNPR) COMMUNITY SUPPORTED STATEWIDE PUBLIC BROADCASTING NETWORKS ARE DEDICATED TO SERVING DIVERSE COMMUNITIES WITH A MIX OF EDUCATION, NEWS, PUBLIC AFFAIRS, CHILDREN'S, AND ENTERTAINMENT PROGRAMMING AND SERVICES. SPECIFIC PROGRAMS INCLUDE "WHERE WE LIVE", "THE COLIN MCENROE SHOW", "NEW ENGLAND NEWS COLLABORATIVE", AND 129,469 SOCIAL MEDIA USERS. WE REACH 255,263 LINEAR TELEVISION VIEWERS, 143,420 STREAMING VIDEO VIEWERS, 222,400 LINEAR RADIO LISTENERS, AND 32,717 DIGITAL RADIO LISTENERS EACH WEEK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Contreras President/ceo | OfficerTrustee | 50 | $434,399 |
Meg Sakellarides Treasurer/cfo | Officer | 50 | $270,725 |
Tim Rasmussen Cheif Content Officer | Officer | 50 | $222,280 |
Nancy Bauer Senior Sales Director/account Manager | Officer | 50 | $219,835 |
Deidre Tavera Chief Development Officer | Officer | 50 | $219,247 |
Sarah Defilippis Chief Marketing/engagement Officer | 40 | $209,382 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Communications Site Management Broadcast Tower Rental | 6/29/20 | $163,832 |
Kauff Mcclain & Mcguire Llp Legal Services | 6/29/20 | $138,679 |
Dielectric Llc Broadcast Tower Construction | 6/29/20 | $513,628 |
Untamed Hair Productions & Consulting Programming Production Consulting | 6/29/20 | $103,800 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $7,544,339 |
| Fundraising events | $0 |
| Related organizations | $1,003,212 |
| Government grants | $2,684,020 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $354,403 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,231,571 |
| Total Program Service Revenue | $7,678,103 |
| Investment income | $1,199,320 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $20,192 |
| Net Gain/Loss on Asset Sales | $2,795,074 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $25,490,569 |
| 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. | $1,569,665 |
| Compensation of current officers, directors, key employees. | $1,255,732 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,744,048 |
| Pension plan accruals and contributions | $338,753 |
| Other employee benefits | $1,130,685 |
| Payroll taxes | $704,342 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $242,056 |
| Fees for services: Accounting | $44,640 |
| Fees for services: Lobbying | $25,000 |
| Fees for services: Fundraising | $418,640 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,712,847 |
| Advertising and promotion | $304,089 |
| Office expenses | $16,845 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $895,358 |
| Travel | $133,365 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $63,398 |
| Interest | $33,265 |
| Payments to affiliates | $1,004,465 |
| Depreciation, depletion, and amortization | $1,190,031 |
| Insurance | $208,170 |
| All other expenses | $1,436,669 |
| Total functional expenses | $24,966,843 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $129,532 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,843,906 |
| 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 | $1,062,723 |
| Net Land, buildings, and equipment | $6,192,411 |
| Investments—publicly traded securities | $53,950,497 |
| Investments—other securities | $858,683 |
| Investments—program-related | $128,045 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $67,165,797 |
| Accounts payable and accrued expenses | $5,932,127 |
| Grants payable | $0 |
| Deferred revenue | $1,829,116 |
| 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 | $7,761,243 |
| Net assets without donor restrictions | $56,762,348 |
| Net assets with donor restrictions | $2,642,206 |
| 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 | $67,165,797 |