Independence Public Media Of Philadelphia Inc
- Assets
- $114.6m
- Revenue
- $6.9m
- Investments
- $113.7m
- Employees
- 9
- Location
- Philadelphia, PA
- Founding
- 02/1985
- Data as of
- 12/2022
- EIN
- 22-2600747
Organization Overview
Independence Public Media Of Philadelphia Inc is located in Philadelphia, PA. The organization was established in 1985. According to its NTEE Classification (A32) the organization is classified as: Television, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Independence Public Media Of Philadelphia Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Independence Public Media Of Philadelphia 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 12/2022, Independence Public Media Of Philadelphia Inc generated $6.9m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 16.9% each year . All expenses for the organization totaled $12.0m during the year ending 12/2022. While expenses have increased by 23.4% per year over the past 8 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.
Since 2020, Independence Public Media Of Philadelphia Inc has awarded 436 individual grants totaling $28,461,514. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
NON-COMMERCIAL EDUCATIONAL TELEVISION BROADCAST SERVICE
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OPERATES A NON-COMMERCIAL EDUCATION TELEVISION BROADCAST SERVICE LICENSED BY THE FEDERAL COMMUNICATIONS COMMISSION TO OPERATE WYBE-TV, ON CHANNEL 35 IN PHILA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Molly DE Aguiar President | 40 | $223,332 | |
Nuala Cabral Program Officer | 40 | $114,425 | |
Christopher Capato Finance Director | 40 | $104,615 | |
Sherella Williams Office & Grants Mana | 40 | $82,518 | |
Enitan Aigbomian Communications & Eve | 40 | $82,338 | |
Rene Smith Executive Chair | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Precision Communications Llc | 12/30/22 | $196,200 |
Leticia Peguero | 12/30/22 | $100,686 |
Wilmington Trust | 12/30/22 | $291,604 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,693,999 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,201,938 |
| Capital Gain Net Income | $3,201,938 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,265 |
| Total Revenue | $6,898,202 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $387,703 |
| Other employee salaries and wages | $333,271 |
| Pension plans, employee benefits | $105,319 |
| Interest | $0 |
| Taxes | $93,886 |
| Depreciation | $0 |
| Occupancy | $7,668 |
| Travel, conferences, and meetings | $1,225 |
| Printing and publications | $0 |
| Other expenses | $263,908 |
| Total operating and administrative expenses | $1,929,356 |
| Contributions, gifts, grants paid | $10,097,433 |
| Total expenses and disbursements | $12,026,789 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $164,029 |
| Savings and temporary cash investments | $247,867 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $210,020 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $113,702,291 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $321,025 |
| Total assets | $114,645,232 |
| Accounts payable and accrued expenses | $44,653 |
| Grants payable | $2,280,617 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,325,270 |
Grants Awarded
Over the last fiscal year, Independence Public Media Of Philadelphia Inc has awarded $11,597,433 in support to 153 organizations.
| Grant Recipient | Amount |
|---|---|
FREE PRESS PURPOSE: TO SUPPORT THE SHIFT THE NARRATIVE COALITION FOCUSED ON CHANGING THE NARRATIVES IN LOCAL MEDIA AROUND VIOLENCE, CRIME AND SAFETY, AND PUTTING THE POWER OF STORYTELLING IN THE HANDS OF THE COMMUNITY. | $1,000,000 |
Philadelphia, PA PURPOSE: "DEAR SOFIA" - FOR A DOCUMENTARY ABOUT A 37 YEAR OLD FILMMAKER'S JOURNEY AS MOTHER AND ADVOCATE OF HER DAUGHTER SOFIAA 5 YEAR OLD GIRL DIAGNOSED WITH AUTISM IN 2019. | $700,000 |
Philadelphia, PA PURPOSE: FOR CONTINUED GENERAL OPERATING SUPPORT. | $700,000 |
MEDIA INEQUITY AND CHANGE CENTER (MIC) PURPOSE: TO SUPPORT THE SHIFT THE NARRATIVE COALITION FOCUSED ON CHANGING THE NARRATIVES IN LOCAL MEDIA AROUND VIOLENCE, CRIME AND SAFETY, AND PUTTING THE POWER OF STORYTELLING IN THE HANDS OF THE COMMUNITY. | $665,000 |
Philadelphia, PA PURPOSE: TO SUPPORT THE SHIFT THE NARRATIVE COALITION FOCUSED ON CHANGING THE NARRATIVES IN LOCAL MEDIA AROUND VIOLENCE, CRIME AND SAFETY, AND PUTTING THE POWER OF STORYTELLING IN THE HANDS OF THE COMMUNITY. | $650,000 |
BLACKSTAR PURPOSE: FOR THE LOCAL FILMMAKER LAB, WHICH IS A YEAR-LONG FELLOWSHIP THAT SUPPORTS AND UPLIFTS BLACK, BROWN AND INDIGENOUS EMERGING AND MID-CAREER ARTISTS AND FILMMAKERS IN THE GREATER PHILADELPHIA AREA BY PROVIDING ACCESS TO EQUIPMENT, FUNDING, MASTER CLASSES, AND MENTORSHIP. | $600,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Independence Public Media Of Philadelphia Inc has recieved totaling $250,000.
| Awarding Organization | Amount |
|---|---|
The Lenfest Inst For Journalism Spe Asset Fund Of The Phl Foundation Philadelphia, PA PURPOSE: (I) = $250,000.00 | $250,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Universal Communications Network Inc New York, NY | $23,705,014 | $36,204,062 |
Downtown Community Television Center Inc New York, NY | $12,160,508 | $18,067,924 |
Storycorps Inc Brooklyn, NY | $16,608,870 | $12,121,023 |
Independence Public Media Of Philadelphia Inc Philadelphia, PA | $114,645,232 | $6,898,202 |
Lehigh Valley Public Telecommunications Corp Bethlehem, PA | $43,912,817 | $9,323,671 |
Manhattan Community Access Corporat Ion New York, NY | $36,696,255 | $8,423,391 |
Northeastern Pennsylvania Educational Television Association Pittston, PA | $33,133,906 | $6,320,974 |
Greater Cincinnati Television Educational Foundation Cincinnati, OH | $10,528,764 | $7,237,588 |
Greater Dayton Public Television Inc Dayton, OH | $8,014,778 | $6,126,511 |
Northeastern Educational Television Of Ohio Inc Kent, OH | $8,553,736 | $5,362,591 |
Montgomery Comm Television Inc Rockville, MD | $2,556,236 | $3,851,592 |
St Lawrence Valley Educational Television Council Inc Watertown, NY | $2,869,491 | $2,752,985 |