Chicago Public Media Inc
- Assets
- $91.3m
- Revenue
- $32.3m
- Investments
- $0.0
- Employees
- 187
- Location
- Chicago, IL
- Founding
- 03/1994
- Data as of
- 06/2022
- EIN
- 36-3687394
Organization Overview
Chicago Public Media Inc is located in Chicago, IL. The organization was established in 1994. 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 06/2022, Chicago Public Media Inc employed 187 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chicago Public Media 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 06/2022, Chicago Public Media Inc generated $32.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $28.5m during the year ending 06/2022. While expenses have increased by 3.9% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
CHICAGO PUBLIC MEDIA SERVES THE PUBLIC INTEREST BY CREATING AND DELIVERING DIVERSE, COMPELLING CONTENT THAT INFORMS, INSPIRES, ENRICHES AND ENTERTAINS. THROUGH A BROAD RANGE OF MEDIA PLATFORMS, WE CONNECT DIVERSE AUDIENCES IN OUR SERVICE AREA AND BEYOND TO ONE ANOTHER. WE HELP THEM MAKE A DIFFERENCE IN OUR COMMUNITIES, OUR REGION, AND OUR WORLD.
Describe the Organization's Program Activity:
CHICAGO PUBLIC MEDIA, INC. IS A 501(C)(3) CHARITABLE ORGANIZATION THAT SERVES THE PUBLIC INTEREST BY PRODUCING AND DELIVERING DIVERSE, COMPELLING CONTENT OF MULTIPLE VIEWPOINTS AND EXPRESSION. CHICAGO PUBLIC MEDIA BROADCASTS ITS SERVICE ON FOUR NON-COMMERCIAL FM RADIO STATIONS: WBEZ 91.5 FM IN CHICAGO, WBEQ 90.7 FM IN MORRIS, 91.7 FM (W219CD) IN ELGIN, ILLINOIS, AND WBEK 91.1 FM IN KANKAKEE, ILLINOIS; DIGITALLY VIA WBEZ.ORG, SMART SPEAKERS, MOBILE APPS, PODCASTS AND IN LIVE EVENTS THAT GENERATE CONVERSATIONS ACROSS COMMUNITIES.
CHICAGO PUBLIC MEDIA OPERATES A PUBLIC MEDIA ON-LINE/ON-AIR SERVICE, ON 91.1 FM WHICH IS BROADCAST ON WBEW 89.5 FM IN CHESTERTON, INDIANA, AND ON 91.1 FM (W216CL) IN CHICAGO. VOCALO RADIO WAS ESTABLISHED AS AN INSPIRATIONAL BRAND THAT CELEBRATES OUR CITY'S CULTURAL DIVERSITY AND BRINGS THE COMMUNITY TOGETHER AROUND MUSIC - SPECIFICALLY, THE URBAN ALTERNATIVE FORMAT. VOCALO RADIO ACTIVELY LOOKS TO CREATE AND PROMOTE POSITIVITY AND, THROUGH MUSIC, BREAK DOWN THE BARRIERS THAT SEGREGATE OUR COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Moog CEO | Officer | 28 | $507,736 |
Rina Dedhia CFO | Officer | 28 | $288,471 |
Cynthia P Abbott Vp, General Counsel | Officer | 30 | $253,035 |
Tracy Brown Chief Content Officer | Officer | 30 | $251,654 |
Israel Smith Thru 1221 Managing Director, Prg & Audience Dev | 40 | $208,849 | |
Kevin Dawson Managing Director, Content Development Unit | 40 | $185,423 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mcdermott Will & Emery Llp Legal Services | 6/29/22 | $453,482 |
Stax Inc Consulting Services | 6/29/22 | $398,415 |
Alexander Ross Group Consulting Services | 6/29/22 | $143,750 |
Market Enginuity Underwriting Account Executives | 6/29/22 | $1,323,827 |
Lka Fundraising & Communications Consulting Services | 6/29/22 | $104,131 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $13,133,093 |
| Fundraising events | $973,465 |
| Related organizations | $0 |
| Government grants | $1,582,656 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,337,421 |
| Noncash contributions included in lines 1a–1f | $371,848 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,026,635 |
| Total Program Service Revenue | $2,725,968 |
| Investment income | $1,134,000 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $172,400 |
| Net Rental Income | $149,114 |
| Net Gain/Loss on Asset Sales | $1,183,331 |
| Net Income from Fundraising Events | -$101,009 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $32,290,439 |
| 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. | $2,110,112 |
| Compensation of current officers, directors, key employees. | $1,252,118 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,694,945 |
| Pension plan accruals and contributions | $295,217 |
| Other employee benefits | $1,549,906 |
| Payroll taxes | $996,846 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $423,442 |
| Fees for services: Accounting | $82,491 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $115,802 |
| Fees for services: Other | $2,727,476 |
| Advertising and promotion | $689,062 |
| Office expenses | $812,867 |
| Information technology | $797,236 |
| Royalties | $0 |
| Occupancy | $590,043 |
| Travel | $96,723 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $37,615 |
| Interest | $568,929 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,613,817 |
| Insurance | $171,147 |
| All other expenses | $135,621 |
| Total functional expenses | $28,483,479 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,778,529 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $4,139,318 |
| Accounts receivable, net | $1,225,321 |
| 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 | $462,303 |
| Net Land, buildings, and equipment | $17,263,423 |
| Investments—publicly traded securities | $53,201,917 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,360,513 |
| Other assets | $1,903,905 |
| Total assets | $91,335,229 |
| Accounts payable and accrued expenses | $3,018,391 |
| Grants payable | $0 |
| Deferred revenue | $46,243 |
| Tax-exempt bond liabilities | $21,841,484 |
| 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 | $4,499,972 |
| Other liabilities | $4,706,611 |
| Total liabilities | $34,112,701 |
| Net assets without donor restrictions | $25,959,990 |
| Net assets with donor restrictions | $31,262,538 |
| 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 | $91,335,229 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Chicago Public Media Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Osprey Foundation Chicago, IL PURPOSE: FURTHER EXEMPT PURPOSE | $5,000 |
Endowment Analysis
| Beg. Balance | $1,467,019 |
| Earnings | -$160,643 |
| Grants | $50,976 |
| Ending Balance | $1,255,400 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chicago Public Media Inc Chicago, IL | $91,335,229 | $32,290,439 |
Wisconsin Public Radio Association Inc Madison, WI | $11,978,603 | $13,336,665 |
Kentucky Public Radio Inc Louisville, KY | $10,373,136 | $8,133,338 |
Epoch Media Midwest Chicago, IL | $2,954,210 | $7,040,924 |
Radio Milwaukee Inc Milwaukee, WI | $5,388,772 | $3,567,376 |
Northeast Indiana Public Radio Inc Fort Wayne, IN | $1,502,446 | $1,334,516 |
Star Educational Media Network Inc Fort Wayne, IN | $1,400,059 | $1,318,628 |
Back Porch Radio Broadcasting Inc Wort Radio Madison, WI | $793,221 | $924,594 |
White Pine Community Broadcasting Inc Rhinelander, WI | $1,445,075 | $658,361 |
Music That Matters Inc Appleton, WI | $1,055,762 | $751,612 |
Association Of Kentucky Public Radio Stations Inc Louisville, KY | $103,040 | $749,457 |
Mid-Coast Radio Project Inc Kansas City, MO | $814,056 | $797,247 |