Minnesota Public Radio
- Assets
- $226.9m
- Revenue
- $174.2m
- Investments
- $132.2m
- Employees
- 594
- Location
- St Paul, MN
- Founding
- 02/1969
- Data as of
- 06/2022
- EIN
- 41-0953924
Organization Overview
Minnesota Public Radio is located in St Paul, MN. The organization was established in 1969. 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, Minnesota Public Radio employed 594 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minnesota Public Radio 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, Minnesota Public Radio generated $174.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $112.4m during the year ending 06/2022. While expenses have increased by 2.1% 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
NONCOMMERCIAL EDUCATIONAL PUBLIC RADIO BROADCASTING.
Describe the Organization's Program Activity:
SEE SCHEDULE O.MINNESOTA PUBLIC RADIO CONTINUED TO DELIVER PERTINENT NEWS AND ARTS PROGRAMMING TO AUDIENCES STATEWIDE, NATIONALLY, AND INTERNATIONALLY. IN 2022, MPR CONTINUED TO PROVIDE MINNESOTA WITH PREMIER PUBLIC MEDIA THROUGH ITS MANY PROGRAMS AND IMPORTANT COVERAGE OF THE ISSUES THAT MATTER MOST. MPR NEWS HAS BEEN A RELIABLE SOURCE OF INFORMATION DURING THE ONGOING COVID-19 PANDEMIC AND WILL CONTINUE LEADING INTO THE MIDTERM ELECTIONS IN FY23. MPR CONTINUES TO DELIVER IMPORTANT PUBLIC AFFAIRS PROGRAMMING STATEWIDE. IN 2022 MPR NEWS WON ONE FIRST PLACE AND SIX AWARDS OF MERIT FROM THE MIDWEST BROADCAST JOURNALISTS ASSOCIATION, 10 AWARDS FROM THE MINNESOTA CHAPTER OF THE SOCIETY OF PROFESSIONAL JOURNALISTS, AND THREE FIRST PLACE AWARDS FROM THE PUBLIC MEDIA JOURNALISTS ASSOCIATION. THE CURRENT CONTINUES TO PROVIDE A WAY FOR LISTENERS TO CONNECT THROUGH A SHARED PASSION OF NEW MUSIC DISCOVERY. THE CURRENT CONTINUES TO PLATFORM KNOWLEDGEABLE AND ENGAGING VOICES TO SHAPE THE MUSICAL TASTES OF THE REGION AND BEYOND. IN 2022, THE CURRENT WON THREE FIRST PLACE AWARDS FROM THE MINNESOTA CHAPTER OF THE SOCIETY OF PROFESSIONAL JOURNALISTS. IN ADDITION, MPR AND THE CURRENT ANNOUNCED THE LAUNCH OF CARBON SOUND IN PARTNERSHIP WITH KMOJ IN 2022. THE PROJECT IS FUNDED BY THE CORPORATION FOR PUBLIC BROADCASTING (CPB) WITH SUPPORT FROM THE MINNESOTA ARTS AND CULTURAL LEGACY FUND. CARBON SOUND IS A NEW MUSIC STREAM THAT HONORS THE FOUNDATIONAL ROLE OF BLACK ARTISTRY AND MUSIC EXPRESSION IN ALL GENRES OF MUSIC. MPR CELEBRATED A 56 MILLION DOLLAR DONATION IN 2022, THE LARGEST IN THE ORGANIZATION'S HISTORY. THE DONATION WILL BE USED TO SERVE YOUR CLASSICAL MPR AUDIENCES FOR YEARS TO COME. YOUR CLASSICAL WILL CONTINUE TO CONNECT CLASSICAL LISTENERS WITH THE MUSIC THEY LOVE THROUGH CURATED STREAMS, UNIQUE PROGRAMS AND RELEVANT FEATURES. OPERATING AS AMERICAN PUBLIC MEDIA (APM), MPR SUPPORTS ITS NATIONAL PROGRAM PORTFOLIO, INCLUDING PERFORMANCE TODAY, MARKETPLACE, APM RESEARCH LAB, AND THE SPLENDID TABLE, AND CAN BE HEARD ON NEARLY 1,000 PUBLIC RADIO STATIONS WITH 17 MILLION LISTENERS EACH WEEK NATIONWIDE. PODCASTS FROM AMERICAN PUBLIC MEDIA BOAST 18 MILLION DOWNLOADS ACROSS ALL APM PODCASTS MONTHLY. MPR CONTINUES TO STRENGTHEN COMMUNITIES BY EXPANDING THE PERSPECTIVES AND DEPTH OF THINKING OF OUR AUDIENCES. MPR WILL CONTINUE TO IMPACT AND CULTIVATE NEW AND ENGAGED AUDIENCES AND CONTINUE TO BUILD COMPELLING BRANDS AND STORIES. MPR WILL WORK TO BUILD THE FUTURE OF PUBLIC MEDIA THROUGH OUR HIGH-PERFORMING BRANDS AND PEOPLE. DIGITAL TRANSFORMATION AND STRENGTHENING DIGITAL CAPABILITIES WILL BE A KEY PRIORITY FOR MPR IN ORDER TO BUILD OUR REVENUE, CONTINUE TO INCREASE SUCCESS AND REMAIN AN IMPORTANT INSTITUTION FOR OUR CURRENT AND NEW AUDIENCES. MPR OPERATES A 46-STATION RADIO NETWORK SERVING NEARLY ALL OF MINNESOTA AND PARTS OF SURROUNDING STATES, REACHING 1,000,000 LISTENERS EACH WEEK THROUGH ITS REGIONAL SERVICES OF MPR NEWS, THE CURRENT AND YOUR CLASSICAL. MPR CONTINUES TO BE ONE OF THE NATION'S TOP PUBLIC RADIO STATIONS, PRODUCING PROGRAMMING FOR RADIO, DIGITAL, AND LIVE AUDIENCES. A COMPLETE LIST OF STATIONS, PROGRAMS AND ADDITIONAL SERVICES CAN BE FOUND AT WWW.MPR.ORG AND AT WWW.AMERICANPUBLICMEDIA.ORG
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jean Taylor President & Ceo, Apmg | OfficerTrustee | 27 | $0 |
Jim Dwyer Trustee/chair | OfficerTrustee | 1 | $0 |
Mary Brainerd Trustee/ Vice Chair | OfficerTrustee | 1 | $0 |
Rick King Trustee/ 2nd Vice Chair | OfficerTrustee | 1 | $0 |
Larry Berger Trustee/treasurer | OfficerTrustee | 1 | $0 |
Sima Griffith Trustee/secretary | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jones Day Legal Services | 6/29/22 | $882,690 |
Streamguys Inc Streaming Services And Content Delivery | 6/29/22 | $724,415 |
Michael Gaston (Dba Imaginary Beings Ll Business Development & Brand Consulting | 6/29/22 | $498,662 |
Jackson River Llc Crm Consulting Services | 6/29/22 | $388,586 |
Zero Dollars And Zero Sense Podcast Host And Production | 6/29/22 | $315,600 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $92,201,208 |
| Fundraising events | $0 |
| Related organizations | $11,840,216 |
| Government grants | $7,782,345 |
| All other contributions, gifts, grants, and similar amounts not included above | $32,556,823 |
| Noncash contributions included in lines 1a–1f | $2,321,333 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $144,380,592 |
| Total Program Service Revenue | $22,966,104 |
| Investment income | $1,285,257 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $5,456,642 |
| Net Rental Income | $96,273 |
| Net Gain/Loss on Asset Sales | -$31,233 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $144 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $174,153,779 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $174,000 |
| 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. | $4,307,647 |
| Compensation of current officers, directors, key employees. | $2,897,198 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $43,246,399 |
| Pension plan accruals and contributions | $2,409,493 |
| Other employee benefits | $4,309,433 |
| Payroll taxes | $3,376,495 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,474,015 |
| Fees for services: Accounting | $95,563 |
| Fees for services: Lobbying | $108,906 |
| Fees for services: Fundraising | $279,522 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,155,760 |
| Advertising and promotion | $8,354,363 |
| Office expenses | $1,453,305 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,905,417 |
| Travel | $314,196 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $125,384 |
| Interest | $268,273 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,263,799 |
| Insurance | $528,073 |
| All other expenses | -$526 |
| Total functional expenses | $112,380,820 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $3,155,454 |
| Accounts receivable, net | $6,802,143 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $62,125 |
| Prepaid expenses and deferred charges | $1,399,293 |
| Net Land, buildings, and equipment | $30,969,784 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $132,204,664 |
| Investments—program-related | $0 |
| Intangible assets | $19,309,253 |
| Other assets | $33,037,882 |
| Total assets | $226,940,598 |
| Accounts payable and accrued expenses | $12,364,446 |
| Grants payable | $0 |
| Deferred revenue | $935,966 |
| Tax-exempt bond liabilities | $7,753,237 |
| 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 | $30,669,220 |
| Total liabilities | $51,722,869 |
| Net assets without donor restrictions | $77,733,742 |
| Net assets with donor restrictions | $97,483,987 |
| 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 | $226,940,598 |