Prx Incorporated

Organization Overview

Prx Incorporated is located in Cambridge, MA. The organization was established in 2009. According to its NTEE Classification (A34) the organization is classified as: Radio, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Prx Incorporated employed 64 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Prx Incorporated 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 06/2020, Prx Incorporated generated $28.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 23.8% each year . All expenses for the organization totaled $28.1m during the year ending 06/2020. While expenses have increased by 24.1% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

TO LEAD CHANGES THAT EXPAND PUBLIC MEDIA AS A TRUSTED SOURCE OF KNOWLEDGE, INFORMATION, AND INSPIRATION FOR ALL.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PRX IS A NON-PROFIT PUBLIC MEDIA COMPANY SPECIALIZING IN AUDIO JOURNALISM AND STORYTELLING. SERVING INDEPENDENT PRODUCERS AND ORGANIZATIONS BY HELPING THEM CONNECT TO THEIR MOST ENGAGED, SUPPORTIVE AUDIENCES. ONE OF THE WORLDS LEADING PODCAST PUBLISHERS, PRX WORKS IN PARTNERSHIP WITH TED, PBS, THE SMITHSONIAN, FUTURO MEDIA, GBH, RELIGION OF SPORTS, AND MORE. PRX IS ALSO HOME TO RADIOTOPIA, KNOWN AS ONE OF THE MOST CREATIVE AND SUCCESSFUL PODCAST NETWORKS. IN ADDITION, PRX DISTRIBUTES TRUSTED AND TREASURED PUBLIC RADIO PROGRAMMING TO HUNDREDS OF STATIONS NATIONWIDE, INCLUDING THE WORLD, THE MOTH RADIO HOUR, THIS AMERICAN LIFE, SNAP JUDGMENT, REVEAL, THE TAKEAWAY, AND LATINO USA. PRX PROGRAMS HAVE BEEN RECOGNIZED BY THE PEABODY AWARDS, DUPONT-COLUMBIA AWARDS, THE IDA DOCUMENTARY AWARDS, AND THE PULITZER PRIZES.PRX HAS LONG BEEN AN ENGINE OF INNOVATION IN PUBLIC MEDIA AND IS AMONG THE TOP TEN PODCAST PUBLISHERS. WE ARE COMMITTED TO PRESERVING THE OPEN PODCAST ECOSYSTEM, PROTECTING LISTENER PRIVACY, AND BUILDING TECHNOLOGY ROOTED IN A PURPOSE TO STRENGTHEN A VIBRANT CREATOR COMMUNITY.PRX SUPPORTS MEDIA INNOVATION ACROSS THE U.S. AND WORLDWIDE THROUGH A GLOBAL TRAINING PROGRAM AND THROUGH WORKSHOPS AT THE PRX PODCAST GARAGE, A COMMUNITY RECORDING STUDIO, CLASSROOM, AND EVENT SPACE WITH LOCATIONS IN BOSTON AND SAN FRANCISCO. PODCASTS FROM MISSION-ALIGNED PARTNERS ARE CREATED THROUGH AND WITH OUR STUDIO, PRX PRODUCTIONS.


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Board, Officers & Key Employees

Name (title)Compensation
Kerri Hoffman
President & CEO
$396,202
John Barth
Cco Thru 12/20
$222,574
Andrew Kuklewicz
Cto
$187,000
Donna Hardwick
Cmo
$181,516
Jason Saldanha
Cbusdev & Cco
$153,045
Michelle Smawley
Executive Producer
$145,178

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Ted Conferences Llc
Program Services
$1,965,178
Snap Judgment Llc
Program Services
$675,000
Criminal Productions
Program Services
$1,625,366
Commonplace Books Llc
Program Services
$413,073
Translucence Llc
Program Services
$506,691
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$19,061,385
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $28,163,889

Grants Recieved

Over the last fiscal year, we have identified 20 grants that Prx Incorporated has recieved totaling $4,077,886.

Awarding OrganizationAmount
John D & Catherine T Macarthur Foundation

Chicago, IL

PURPOSE: IN SUPPORT OF GENERAL OPERATIONS.

$1,000,000
John D & Catherine T Macarthur Foundation

Chicago, IL

PURPOSE: IN SUPPORT OF GENERAL OPERATIONS.

$1,000,000
John D & Catherine T Macarthur Foundation

Chicago, IL

PURPOSE: IN SUPPORT OF GENERAL OPERATIONS.

$1,000,000
New Venture Fund

Washington, DC

PURPOSE: CIVIL RIGHTS, SOCIAL ACTION, ADVOCACY

$440,000
Chan Zuckerberg Initiative Foundation

Palo Alto, CA

PURPOSE: EAR HUSTLE PODCAST

$150,000
The Schmidt Family Foundation

Palo Alto, CA

PURPOSE: STRENGTHENING CIVIC ENGAGEMENT

$100,000
View Grant Recipient Profile

Peer Organizations

Organization NameAssets
New York Public Radio
New York, NY
$81,924,982
Prx Incorporated
Cambridge, MA
$28,163,889
American Radio Relay League Inc
Newington, CT
$15,484,740
New England Public Media Inc
Springfield, MA
$7,013,590
Vermont Public Radio
Colchester, VT
$9,993,352
New Hampshire Public Radio Inc
Concord, NH
$7,801,346
Wamc
Albany, NY
$7,774,367
Fm Global Foundation
Johnston, RI
$30,490,175
Futuro Media Group
New York, NY
$5,947,446
New Hampshire Public Broadcasting
Durham, NH
$7,419,552
Radio Kingston Corp
Kingston, NY
$9,634,133
Radio Ambulante Studios Inc
New York, NY
$1,869,145

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