American Public Media Group
- Assets
- $192.0m
- Revenue
- $29.9m
- Investments
- $188.5m
- Employees
- 43
- Location
- St Paul, MN
- Founding
- 09/1987
- Data as of
- 06/2021
- EIN
- 36-3503764
Organization Overview
American Public Media Group is located in St Paul, MN. The organization was established in 1987. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, American Public Media Group employed 43 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Public Media Group 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 06/2021, American Public Media Group generated $29.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.9% each year. All expenses for the organization totaled $18.7m during the year ending 06/2021. While expenses have increased by 1.0% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SUPPORT FOR MINNESOTA PUBLIC RADIO (MPR) AND SOUTHERN CALIFORNIA PUBLIC RADIO (SCPR).
Describe the Organization's Program Activity:
Part 3 - Line 4a
1) APMG PROVIDES FINANCIAL AND MANAGEMENT SUPPORT SERVICES TO ITS EXEMPT SUBSIDIARIES, 2) MAKES GRANTS TO ITS SUPPORTED ORGANIZATIONS BASED ON INCOME RECEIVED FROM ITS TAXABLE SUBSIDIARIES, ITS ENDOWMENT, AND OTHER SOURCES, APMG PROVIDED GRANTS TO MPR OF $8,680,000 FROM ITS EARNED ENDOWMENT, WHICH IT HOLDS FOR THE BENEFIT OF MPR.
1) APMG PROVIDES FINANCIAL AND MANAGEMENT SUPPORT SERVICES TO ITS EXEMPT SUBSIDIARIES, 2) MAKES GRANTS TO ITS SUPPORTED ORGANIZATIONS BASED ON INCOME RECEIVED FROM ITS TAXABLE SUBSIDIARIES, ITS ENDOWMENT, AND OTHER SOURCES, APMG PROVIDED GRANTS TO MPR OF $8,680,000 FROM ITS EARNED ENDOWMENT, WHICH IT HOLDS FOR THE BENEFIT OF MPR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jon Mctaggart President & CEO (to 8-2021) | OfficerTrustee | 6 | $522,129 |
Michael Lewis SVP & General Counsel Officer | Officer | 6 | $299,016 |
Morris Goodwin Jr SVP & CFO | Officer | 6 | $298,743 |
Christine Phelps SVP & Chief Hr Officer, Apmg | Officer | 6 | $224,592 |
Douglas Roderick VP & Corporate Controller, Apmg | Officer | 6 | $187,848 |
Vikram Bhagat Assistant General Counsel | 40 | $167,887 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Salo Llc Hr Consulting And Contractors | 6/29/21 | $411,701 |
Robert Half International Finance And Hr Contractors | 6/29/21 | $104,625 |
Salo Llc Hr Consulting And Contractors | 6/29/21 | $411,701 |
Robert Half International Finance And Hr Contractors | 6/29/21 | $104,625 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $13,769,868 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $57,266 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,827,134 |
| Total Program Service Revenue | $9,002,856 |
| Investment income | $7,436,541 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $13,270 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$425,699 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $4,564 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $29,866,747 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,901,028 |
| 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. | $2,068,852 |
| Compensation of current officers, directors, key employees. | $411,827 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,399,829 |
| Pension plan accruals and contributions | $179,835 |
| Other employee benefits | $338,795 |
| Payroll taxes | $341,157 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $53,847 |
| Fees for services: Accounting | $160,046 |
| Fees for services: Lobbying | $20,481 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $33,183 |
| Fees for services: Other | $992,852 |
| Advertising and promotion | $0 |
| Office expenses | $46,597 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,257 |
| Travel | $33,339 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $172,468 |
| Interest | $366,393 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $330,852 |
| Insurance | $20,202 |
| All other expenses | $0 |
| Total functional expenses | $18,694,541 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,789,650 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $64,990 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $127,822 |
| Prepaid expenses and deferred charges | $148,276 |
| Net Land, buildings, and equipment | $826,404 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $188,511,272 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $554,642 |
| Total assets | $192,023,056 |
| Accounts payable and accrued expenses | $4,643,202 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $8,356,128 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $5,700,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,250,481 |
| Total liabilities | $19,949,811 |
| Net assets without donor restrictions | $169,382,998 |
| Net assets with donor restrictions | $2,690,247 |
| 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 | $192,023,056 |
Grants Awarded
Over the last fiscal year, American Public Media Group has awarded $8,859,677 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
St Paul, MN PURPOSE: SUPPORT THE EXEMPT PURPOSE AND PROGRAMMING OF MPR. | $8,791,074 |
St Paul, MN PURPOSE: PROGRAMMING SUPPORT OF CSF | $68,603 |
Grants Recieved
Over the last fiscal year, we have identified 13 grants that American Public Media Group has recieved totaling $357,638.
| Awarding Organization | Amount |
|---|---|
David And Lura Lovell Foundation Tucson, AZ PURPOSE: MENTAL HEALTH | $187,500 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $93,358 |
Sidney E Frank Charitable Foundation Harrison, NY PURPOSE: TO SUPPORT PERFORMANCE TODAY IN PRODUCING CONTENT FROM MUSIC FESTIVALS | $25,000 |
The Stevenl & Jan L Kirchner Family Foundation Edina, MN PURPOSE: GENERAL USE OF CHARITY | $20,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $14,740 |
Henry J Kaiser Family Foundation San Francisco, CA PURPOSE: GENERAL SUPPORT | $10,000 |
Endowment Analysis
| Beg. Balance | $159,723,111 |
| Earnings | $40,130,162 |
| Admin Expense | $115,255 |
| Net Contributions | $57,266 |
| Grants | $10,141,755 |
| Ending Balance | $189,653,529 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Public Media Group St Paul, MN | $192,023,056 | $29,866,747 |
Milwaukee Youth Arts Center Inc Milwaukee, WI | $19,493,020 | $1,487,635 |
United Performing Arts Fund Inc Milwaukee, WI | $14,391,026 | $9,375,574 |
Arts Midwest Minneapolis, MN | $13,049,827 | $7,597,060 |
Bravo Greater Des Moines Inc Des Moines, IA | $3,545,703 | $5,885,208 |
Arts Partnership Saint Paul, MN | $39,537,439 | $5,290,504 |
Ros Foundation Greenfield, WI | $30,196,896 | $3,469,836 |
4 Cornerstones Foundation Edina, MN | $53,350,133 | $54,622,494 |
Milwaukee Youth Arts Center Foundation Inc Milwaukee, WI | $10,317,722 | $10,905,403 |
Copernicus Cultural Foundation Of Stevens Point Wisconsin Inc Mosinee, WI | $845,687 | $1,133,742 |
American Friends Of The Prado Museum Minneapolis, MN | $9,205,825 | $155,021 |
Randy And Nancy Trachte Family Foundation Inc Middleton, WI | $1,703,536 | $192,699 |