Public Radio International Inc
- Assets
- $12.7m
- Revenue
- $6.2m
- Investments
- $0.0
- Employees
- 40
- Location
- Minneapolis, MN
- Founding
- 07/1982
- Data as of
- 06/2020
- EIN
- 41-1425271
Organization Overview
Public Radio International Inc is located in Minneapolis, MN. The organization was established in 1982. 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 06/2021, Public Radio International Inc employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Public Radio International 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, Public Radio International Inc generated $6.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (19.4%) each year. All expenses for the organization totaled $14.5m during the year ending 06/2020. 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
TO LEAD CHANGES THAT EXPAND PUBLIC MEDIA AS A TRUSTED SOURCE OF KNOWLEDGE, INFORMATION, AND INSPIRATION FOR ALL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRI IS A NON-PROFIT MEDIA COMPANY SPECIALIZING IN AUDIO JOURNALISM AND STORYTELLING. WE BELIEVE STRONG PUBLIC MEDIA IS ANCHORED IN JOURNALISM, STRENGTHENED WITH DIVERSE VOICES, AND AMPLIFIED BY INNOVATIVE TECHNOLOGY.TODAY PRI WORKS IN PARTNERSHIP WITH HUNDREDS OF PUBLIC RADIO STATIONS AND THOUSANDS OF INDEPENDENT PRODUCERS. SINCE 2016, OUR WORK HAS ALSO INCLUDED A SUBSTANTIAL TRAINING PROGRAM, WHICH IS HELPING JOURNALISTS AND STORYTELLERS FROM ACROSS THE COUNTRY AND AROUND THE WORLD ADAPT TO AND SUCCEED IN THE HIGHLY COMPETITIVE PODCAST MARKET.IN 2020, TOGETHER WITH PRX, PRI INTRODUCED PRX PRODUCTIONS, A TEAM OF AUDIO DIRECTORS, EDITORS, SOUND DESIGNERS, ENGINEERS AND PRODUCERS THAT SPECIALIZE IN THE HIGHEST QUALITY AUDIO PRODUCTION AND STORYTELLING. WE HELP MAKE AUDIO IN ALL FORMS: PODCASTS, BROADCAST SHOWS, EXPERIENTIAL AUDIO, AND SONIC IDENTIFIERS FOR OUR PARTNERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alisa Miller Fmr Exec Chair Thru 9/19 | 0 | $374,362 | |
Cory Zanin COO & Treasurer | OfficerTrustee | 40 | $237,666 |
Jocelyn Gonzales Exec Producer | 40 | $143,328 | |
Kristi Tjaden VP Fin Adm &sec | OfficerTrustee | 40 | $142,796 |
Jeff Theisen Director Fp&a | 40 | $116,491 | |
Rick Peterman Senior Developer | 40 | $111,042 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wgbh Educational Foundation Production | 6/29/19 | $3,124,274 |
National Public Radio Distribution | 6/29/19 | $753,055 |
Wnyc Radio New York Ny Production | 6/29/19 | $1,133,676 |
Wilmington Trust Pension | 6/29/19 | $618,418 |
American Public Media Group Production | 6/29/19 | $1,213,873 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,328,560 |
| Investment income | $29,344 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $14,582 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,196,904 |
| 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. | $997,653 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,788,317 |
| Pension plan accruals and contributions | $87,859 |
| Other employee benefits | $252,912 |
| Payroll taxes | $271,851 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $32,207 |
| Fees for services: Accounting | $80,331 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $555,306 |
| Advertising and promotion | $86,829 |
| Office expenses | $0 |
| Information technology | $234,358 |
| Royalties | $0 |
| Occupancy | $386,137 |
| Travel | $80,682 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $62,796 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $188,731 |
| Insurance | $2,046 |
| All other expenses | $0 |
| Total functional expenses | $14,458,814 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $55,413 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $571,579 |
| Accounts receivable, net | $5,957,985 |
| 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 | $102,837 |
| Investments—publicly traded securities | $146,888 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,088,642 |
| Total assets | $12,682,177 |
| Accounts payable and accrued expenses | $5,527,223 |
| 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 | $4,869,874 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $260,631 |
| Total liabilities | $10,657,728 |
| 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 | $2,024,449 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Public Radio International Inc has recieved totaling $66,858.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $15,258 |
The Miami Foundation Inc Miami, FL PURPOSE: PROGRAM SUPPORT | $15,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $14,600 |
Minneapolis Foundation Minneapolis, MN PURPOSE: DONOR-RECOMMENDED, INFORMATION & COMMUNICATIONS | $12,000 |
American Endowment Foundation Hudson, OH PURPOSE: ARTS, CULTURE | $10,000 |
Endowment Analysis
| Beg. Balance | $5,235,530 |
| Earnings | $1,508,657 |
| Other Expense | $386,400 |
| Ending Balance | $6,357,787 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Public Radio International Inc Minneapolis, MN | $12,682,177 | $6,196,904 |
Wisconsin Public Radio Association Inc Madison, WI | $11,978,603 | $13,336,665 |
Radio Milwaukee Inc Milwaukee, WI | $5,388,772 | $3,567,376 |
Real Presence Radio Fargo, ND | $4,182,649 | $2,301,951 |
Ksmq Public Service Media Inc Austin, MN | $4,584,399 | $2,516,403 |
Association Of Minnesota Public Educational Radio Stations Inc St Paul, MN | $735,621 | $1,707,372 |
Northern Community Radio Grand Rapids, MN | $2,309,973 | $1,543,476 |
Cook County Community Radio Grand Marais, MN | $998,081 | $906,306 |
Back Porch Radio Broadcasting Inc Wort Radio Madison, WI | $793,221 | $924,594 |
Fresh Air Inc Minneapolis, MN | $1,090,041 | $1,240,335 |
White Pine Community Broadcasting Inc Rhinelander, WI | $1,445,075 | $658,361 |
Music That Matters Inc Appleton, WI | $1,055,762 | $751,612 |