Independence Public Media Of Philadelphia Inc
- Assets
- $117.5m
- Revenue
- $2.1m
- Investments
- $116.8m
- Employees
- 9
- Location
- Philadelphia, PA
- Founding
- 02/1985
- Data as of
- 12/2023
- 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 12/2023, 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 12/2023, Independence Public Media Of Philadelphia Inc generated $2.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $11.9m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Independence Public Media Of Philadelphia Inc has awarded 590 individual grants totaling $38,303,714. 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
2023
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 | $231,368 | |
Christopher Capato Finance Dire | 40 | $178,998 | |
Sidney Hargro Secretary | 1 | $0 | |
Feather Houstoun Board Member | 1 | $0 | |
Anuj Gupta Board Member | 1 | $0 | |
Clemencia Rodriguez Board Member | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wilmington Trust | 12/30/22 | $291,604 |
Precision Communications Llc | 12/30/22 | $196,200 |
Leticia Peguero | 12/30/22 | $100,686 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $247,000 |
| Interest on Savings | $2,319 |
| Dividends & Interest | $3,861,504 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$2,023,113 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $191,233 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $8,767 |
| Total Revenue | $2,096,477 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $410,366 |
| Other employee salaries and wages | $403,329 |
| Pension plans, employee benefits | $180,271 |
| Interest | $0 |
| Taxes | $244,195 |
| Depreciation | $0 |
| Occupancy | $14,600 |
| Travel, conferences, and meetings | $289 |
| Printing and publications | $0 |
| Other expenses | $167,969 |
| Total operating and administrative expenses | $2,097,959 |
| Contributions, gifts, grants paid | $9,842,200 |
| Total expenses and disbursements | $11,940,159 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $180,108 |
| Savings and temporary cash investments | $152,049 |
| Net Accounts receivable | $100,000 |
| 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 | $157,605 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $11,344,655 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $91,017 |
| Total assets | $117,454,732 |
| Accounts payable and accrued expenses | $81,647 |
| Grants payable | $930,700 |
| 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 | $1,012,347 |
Grants Awarded
Over the last fiscal year, Independence Public Media Of Philadelphia Inc has awarded $9,842,200 in support to 154 organizations.
| Grant Recipient | Amount |
|---|---|
ABOLITIONIST LAW CENTER PURPOSE: W.E.B. DUBOIS MOVEMENT SCHOOL | $25,000 |
AL-BUSTAN SEEDS OF CULTURE PURPOSE: FOR SUPPORT OF AL-BUSTAN NEWS | $75,000 |
AMISTAD LAW PROJECT PURPOSE: TO DISTRIBUTE NO WAY OUT | $75,000 |
ASIAN AMERICAS UNITED PURPOSE: FOR THE NARRATIVE SHIFT PROJECT | $35,000 |
ASIAN ARTS INITIATIVE PURPOSE: DIGITAL BROADCASTING STUDIO | $75,000 |
BARTRAM'S GARDEN PURPOSE: ENVIRONMENTAL JUSTICE PROJECT | $75,000 |