Ideastream
- Assets
- $47.1m
- Revenue
- $25.0m
- Investments
- $6.1m
- Employees
- 203
- Location
- Cleveland, OH
- Founding
- 02/2001
- Data as of
- 09/2023
- EIN
- 34-1943865
Organization Overview
Ideastream, operating under the name Ideastream Public Media, is located in Cleveland, OH. The organization was established in 2001. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 09/2023, Ideastream Public Media employed 203 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ideastream Public Media 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 09/2023, Ideastream Public Media generated $25.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $26.1m during the year ending 09/2023. While expenses have increased by 0.4% 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
IDEASTREAM IS A TRUSTED AND DYNAMIC MULTIMEDIA SOURCE FOR ILLUMINATING THE WORLD AROUND US.
Describe the Organization's Program Activity:
SEE SCHEDULE OIDEASTREAM PUBLIC MEDIA ("IDEASTREAM") IS AN OHIO NONPROFIT CORPORATION. PUBLICLY SUPPORTED AND LOCALLY OWNED, IDEASTREAM'S MISSION IS TO BE A TRUSTED AND DYNAMIC MULTIMEDIA SOURCE FOR ILLUMINATING THE WORLD AROUND US. IDEASTREAM SERVICES INCLUDE WVIZ/PBS, WITH FIVE CHANNELS OF PUBLIC TELEVISION SERVICE; WKSU, NORTHEAST OHIO'S NPR NEWS AND INFORMATION RADIO SERVICE; WCLV, NORTHEAST OHIO'S CLASSICAL MUSIC RADIO SERVICE; JAZZNEO, NORTHEAST OHIO'S LOCAL JAZZ MUSIC RADIO SERVICE; IDEASTREAM EDUCATION, WITH EDUCATIONAL RESOURCES, SERVICES AND THE AWARD-WINNING CHILDREN'S SERIES NEWSDEPTH; AND MANAGEMENT OF THE OHIO CHANNEL, THE OHIO PUBLIC RADIO AND TELEVISION STATEHOUSE NEWS BUREAU AND THE OHIO NEWSROOM ON BEHALF OF ALL OHIO'S PUBLIC MEDIA STATIONS. THROUGH TELEVISION, RADIO, DIGITAL AND IN-PERSON EXPERIENCES, IDEASTREAM ENGAGES WITH 4 MILLION PEOPLE IN A TYPICAL MONTH. IDEASTREAM'S FREE, TRUSTED COVERAGE FOCUSES ON FOUR CORE SERVICES: NEWS AND INFORMATION, ARTS AND ENTERTAINMENT, CLASSICAL AND JAZZ MUSIC, AND EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sandra Kiely Kolb Chair | OfficerTrustee | 2 | $0 |
Julie Raskind Immediate Past Chair | OfficerTrustee | 2 | $0 |
David D Legeay Treasurer | OfficerTrustee | 2 | $0 |
Bruce Loessin Secretary | OfficerTrustee | 2 | $0 |
Raj Aggarwal Trustee | Trustee | 2 | $0 |
Virginia N Barbato Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,157,477 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,865,223 |
| Noncash contributions included in lines 1a–1f | $340,091 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,022,700 |
| Total Program Service Revenue | $3,168,147 |
| Investment income | $598,441 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $2,226,384 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$198,036 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $25,046,733 |
| 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. | $1,998,296 |
| Compensation of current officers, directors, key employees. | $1,099,024 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,445,012 |
| Pension plan accruals and contributions | $407,572 |
| Other employee benefits | $1,522,088 |
| Payroll taxes | $776,207 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $39,839 |
| Fees for services: Accounting | $109,325 |
| Fees for services: Lobbying | $46,000 |
| Fees for services: Fundraising | $353,528 |
| Fees for services: Investment Management | $59,314 |
| Fees for services: Other | $2,569,126 |
| Advertising and promotion | $195,437 |
| Office expenses | $528,326 |
| Information technology | $262,597 |
| Royalties | $0 |
| Occupancy | $1,305,227 |
| Travel | $188,141 |
| 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 | $795,447 |
| Insurance | $0 |
| All other expenses | $828,748 |
| Total functional expenses | $26,064,163 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,201,525 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,615,164 |
| 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 | $415,827 |
| Net Land, buildings, and equipment | $5,029,020 |
| Investments—publicly traded securities | $21,731,683 |
| Investments—other securities | $6,093,027 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,038,294 |
| Total assets | $47,124,540 |
| Accounts payable and accrued expenses | $2,910,873 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $4,233,322 |
| Total liabilities | $7,144,195 |
| Net assets without donor restrictions | $33,909,576 |
| Net assets with donor restrictions | $6,070,769 |
| 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 | $47,124,540 |