Window To The World Communications Inc
- Assets
- $71.8m
- Revenue
- $43.6m
- Investments
- $20.8m
- Employees
- 268
- Location
- Chicago, IL
- Founding
- 12/1958
- Data as of
- 06/2020
- EIN
- 36-2246703
Organization Overview
Window To The World Communications Inc is located in Chicago, IL. The organization was established in 1958. 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 06/2021, Window To The World Communications Inc employed 268 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Window To The World Communications 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 06/2020, Window To The World Communications Inc generated $43.6m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $42.7m during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
WTTW AND WFMT ARE COMMITTED TO PRODUCING AND PRESENTING TRUSTED, BEST-IN-CLASS CONTENT FUELED BY A DISTINCTLY CHICAGO SENSIBILITY. WE ENGAGE OUR AUDIENCES BY ENTERTAINING, INSPIRING, EDUCATING AND REFLECTING A DIVERSITY OF PERSPECTIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WTTW PRODUCES LOCAL AND NATIONAL PRODUCTIONS, THAT ARE BROADCAST LOCALLY FOR THE BENEFIT OF INDIVIDUALS LIVING IN AND AROUND CHICAGOLAND. OUR PRODUCTIONS HIGHLIGHT THE CITY AND PROVIDE CULTURAL AND INFORMATIVE CONTENTS. WTTW ALSO PRODUCES A NIGHTLY NEWS PROGRAM CALLED CHICAGO TONIGHT.
WTTW IS CHICAGO'S PBS AFFILIATE COMMITTED TO CREATING AND PRESENTING UNIQUE CONTENT FOR TELEVISION AND DIGITAL MEDIA. WE ARE DEDICATED TO ENRICHING LIVES, ENGAGING COMMUNITIES, AND INSPIRING EXPLORATION THROUGH OUR COMMITMENT TO DIVERSE PERSPECTIVES, INNOVATION, AND LIFE-LONG LEARNING.
WFMT IS CHICAGO'S ONLY CLASSICAL RADIO STATION. WE ARE COMMITTED TO ENRICHING LIVES, ENGAGING COMMUNITIES, AND INSPIRING EXPLORATION THROUGH THE LENS OF CLASSICAL MUSIC. WFMT SHOWCASES LOCAL TALENT AND HAS A FOCUS ON DIVERSITY WITHIN CLASSICAL MUSIC.
OTHER SOURCES OF EXPENSE ARE:1) THE ADVERTISING/UNDERWRITING SALES DEPARTMENT2) WEBSITES3) VARIOUS OTHER PROGRAM SERVICES SUCH AS: FACILITIES RENTAL, INTERNET ADVERTISING, CORPORATE COMMUNICATIONS, AND COMMUNITY SERVICE EVENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sandra Micek President And CEO | OfficerTrustee | 40 | $511,114 |
Jill Britton Sr VP & Chief Development Officer | 40 | $277,660 | |
Anne Gleason Sr VP Chief Tv Content Officer | 40 | $234,395 | |
Jitin Garg Vp, Chief Financial Officer | Officer | 40 | $195,455 |
Geoffrey Baer VP Of Original Content | 40 | $185,075 | |
Hugo Balta News Director | 40 | $168,713 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Avi Audio Visual | 6/29/21 | $2,282,162 |
L Marshall Roof Installation & Hvac Upgrade | 6/29/21 | $625,430 |
Forest Incentives Sourcing, Fulfilling & Mailing | 6/29/21 | $556,125 |
Okeh Electric Co Electrician Services | 6/29/21 | $618,963 |
Suburban Mailing Mailing Services | 6/29/21 | $502,715 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $30,064,170 |
| Investment income | $2,089,900 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $43,190 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,915,875 |
| Net Income from Fundraising Events | -$94,311 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $43,582,920 |
| Statement of Expenses | |
|---|---|
| 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. | $816,728 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,142,993 |
| Pension plan accruals and contributions | $512,081 |
| Other employee benefits | $2,151,114 |
| Payroll taxes | $1,134,804 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $252,300 |
| Fees for services: Accounting | $88,412 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $263,788 |
| Fees for services: Investment Management | $483,845 |
| Fees for services: Other | $5,290,069 |
| Advertising and promotion | $188,774 |
| Office expenses | $1,860,024 |
| Information technology | $438 |
| Royalties | $160,206 |
| Occupancy | $790,854 |
| Travel | $228,329 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,000 |
| Interest | $554,567 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,238,718 |
| Insurance | $253,264 |
| All other expenses | $0 |
| Total functional expenses | $42,728,520 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $705,319 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,932,507 |
| Accounts receivable, net | $1,701,844 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $84,204 |
| Prepaid expenses and deferred charges | $397,667 |
| Investments—publicly traded securities | $29,094,414 |
| Investments—other securities | $20,777,887 |
| Investments—program-related | $0 |
| Intangible assets | $437,124 |
| Other assets | $987,853 |
| Total assets | $71,763,474 |
| Accounts payable and accrued expenses | $3,413,793 |
| Grants payable | $0 |
| Deferred revenue | $421,860 |
| 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 | $15,200,000 |
| Unsecured mortgages and notes payable | $3,696,500 |
| Other liabilities | $651,955 |
| Total liabilities | $23,384,108 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $48,379,366 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Window To The World Communications Inc has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Maurie & Ethel Meltzer Family Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
Endowment Analysis
| Beg. Balance | $47,819,535 |
| Earnings | $14,223,962 |
| Admin Expense | $546,463 |
| Net Contributions | $92,000 |
| Other Expense | $1,534,002 |
| Ending Balance | $60,055,032 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Window To The World Communications Inc Chicago, IL | $71,763,474 | $43,582,920 |
Metropolitan Indianapolis Public Media Inc Indianapolis, IN | $17,731,551 | $16,233,576 |
Friends Of Pbs Wisconsin Inc Madison, WI | $26,799,003 | $16,138,945 |
St Louis Regional Public Media Inc St Louis, MO | $26,775,325 | $12,788,840 |
Public Television 19 Inc Kansas City, MO | $18,158,327 | $13,527,106 |
Iowa Pbs Foundation Johnston, IA | $30,078,074 | $16,446,332 |
Gateway Creative Broadcasting Inc St Louis, MO | $19,428,346 | $7,335,279 |
Kentucky Educational Television Foundation Inc Lexington, KY | $11,286,111 | $8,939,208 |
Michiana Public Broadcasting Corporation South Bend, IN | $7,116,699 | $3,958,215 |
Illinois Valley Public Telecommunications Corporation Peoria, IL | $9,806,518 | $4,286,589 |
Fort Wayne Public Television Inc Fort Wayne, IN | $4,661,204 | $2,930,889 |
Northwest Indiana Public Broadcasting Inc Merrillville, IN | $3,583,676 | $2,469,139 |