Wqed Multimedia
- Assets
- $26.9m
- Revenue
- $15.9m
- Investments
- $0.0
- Employees
- 98
- Location
- Pittsburgh, PA
- Founding
- 11/1954
- Data as of
- 09/2021
- EIN
- 25-1010296
Organization Overview
Wqed Multimedia is located in Pittsburgh, PA. The organization was established in 1954. 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 09/2021, Wqed Multimedia employed 98 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wqed Multimedia 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 09/2021, Wqed Multimedia generated $15.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $11.6m during the year ending 09/2021. While expenses have increased by 0.8% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
WQED MULTIMEDIA (WQED) IS A NONPROFIT CORPORATION WHOSE PURPOSE IS TO HARNESS THE POWER OF PUBLIC MEDIA AND PARTNERSHIPS FOR THE DIGITAL AGE IN ORDER TO CREATE AND SHARE OUTSTANDING PUBLIC MEDIA THAT EDUCATES, ENTERTAINS AND INSPIRES.
Describe the Organization's Program Activity:
PROGRAM SERVICE ACCOMPLISHMENTS- SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah L Acklin President And CEO | OfficerTrustee | 50 | $296,222 |
Darryl Ford-Williams VP Production | Officer | 50 | $179,699 |
Lilli Mosco VP Membership | Officer | 50 | $168,284 |
Mike Waruszewski Chief Financial Officer | Officer | 50 | $134,436 |
Richard Sebak Producer | 50 | $128,050 | |
Paul Byers Engineering Chief | 50 | $115,271 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wgbh Educational Foundation Membership Data System | 9/29/21 | $765,591 |
Donor Development Strategies Llc Door To Door Canvassing | 9/29/21 | $193,781 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $5,880,246 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,322,194 |
| All other contributions, gifts, grants, and similar amounts not included above | $748,696 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,951,136 |
| Total Program Service Revenue | $1,581,672 |
| Investment income | $231,278 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $355,517 |
| Net Rental Income | $1,223,897 |
| Net Gain/Loss on Asset Sales | $509,062 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $22,451 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,875,013 |
| 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. | $1,023,435 |
| Compensation of current officers, directors, key employees. | $414,629 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,258,236 |
| Pension plan accruals and contributions | $206,427 |
| Other employee benefits | $827,425 |
| Payroll taxes | $321,879 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $31,483 |
| Fees for services: Accounting | $61,807 |
| Fees for services: Lobbying | $52,757 |
| Fees for services: Fundraising | $959,372 |
| Fees for services: Investment Management | $70,932 |
| Fees for services: Other | $280,732 |
| Advertising and promotion | $400,167 |
| Office expenses | $406,820 |
| Information technology | $103,733 |
| Royalties | $0 |
| Occupancy | $240,478 |
| Travel | $18,634 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $617,727 |
| Insurance | $31,241 |
| All other expenses | $209,554 |
| Total functional expenses | $11,602,414 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,713,233 |
| Savings and temporary cash investments | $3,555,374 |
| Pledges and grants receivable | $2,372,583 |
| Accounts receivable, net | $353,660 |
| 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 | $140,499 |
| Net Land, buildings, and equipment | $4,244,294 |
| Investments—publicly traded securities | $14,480,966 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $26,860,609 |
| Accounts payable and accrued expenses | $1,529,577 |
| Grants payable | $0 |
| Deferred revenue | $201,303 |
| 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 | $1,730,880 |
| Net assets without donor restrictions | $12,612,831 |
| Net assets with donor restrictions | $12,516,898 |
| 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 | $26,860,609 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Wqed Multimedia has recieved totaling $49,001.
| Awarding Organization | Amount |
|---|---|
Beatrice L Jacobson Char Fdn Pittsburgh, PA PURPOSE: GENERAL SUPPORT | $26,501 |
Amelia Miles Foundation 26988-6 Nect Pittsburgh, PA PURPOSE: 2023 WRITERS CONTEST | $22,500 |
Endowment Analysis
| Beg. Balance | $10,879,400 |
| Earnings | $2,037,149 |
| Ending Balance | $12,916,549 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
1389 Superior Credit Union Inc Lima, OH | $1,486,357,264 | $59,843,984 |
Whyy Inc Philadelphia, PA | $67,419,873 | $48,783,739 |
The Fred Rogers Company Pittsburgh, PA | $88,094,321 | $34,546,873 |
Witf Inc Harrisburg, PA | $54,156,408 | $17,466,259 |
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 |
Wqed Multimedia Pittsburgh, PA | $26,860,609 | $15,875,013 |
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 |