Public Radio International Inc
- Assets
- $6.5m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 23
- Location
- Minneapolis, MN
- Founding
- 07/1982
- Data as of
- 06/2022
- 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 06/2022, Public Radio International Inc employed 23 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 06/2022, Public Radio International Inc generated $3.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (24.6%) each year. All expenses for the organization totaled $4.2m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (19.1%) per year over the past 7 years. 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
TO SERVE AUDIENCES AS A DISTINCTIVE CONTENT SOURCE FOR INFORMATION, INSIGHTS AND CULTURAL EXPERIENCES ESSENTIAL TO LIVING IN OUR DIVERSE, INTERCONNECTED WORLD.
Describe the Organization's Program Activity:
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 |
|---|---|---|---|
Jonathan C Abbott Fmr Dir/wgbh President & CEO | 0 | $0 | |
Kerri Hoffman President & CEO | OfficerTrustee | 1 | $0 |
Cory Zanin CFO & Treasurer | OfficerTrustee | 40 | $265,167 |
Jocelyn Gonzales Exec Producer | 40 | $148,896 | |
Kristi Tjaden VP Fin Adm &sec | OfficerTrustee | 40 | $147,112 |
Rick Peterman Senior Developer | 40 | $115,421 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wgbh Educational Foundation Production | 6/29/19 | $3,124,274 |
American Public Media Group Production | 6/29/19 | $1,213,873 |
Wnyc Radio New York Ny Production | 6/29/19 | $1,133,676 |
National Public Radio Distribution | 6/29/19 | $753,055 |
Wilmington Trust Pension | 6/29/19 | $618,418 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $306,058 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,165,512 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,471,570 |
| Total Program Service Revenue | $1,639,157 |
| Investment income | $5,985 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,116,712 |
| 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. | $643,777 |
| Compensation of current officers, directors, key employees. | $271,522 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,485,404 |
| Pension plan accruals and contributions | $57,280 |
| Other employee benefits | $145,976 |
| Payroll taxes | $140,147 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $25,935 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $61,973 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $4,157,988 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,219 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $11,415 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $170,373 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,292,111 |
| Total assets | $6,485,118 |
| Accounts payable and accrued expenses | $7,821,043 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $7,821,043 |
| Net assets without donor restrictions | -$7,628,036 |
| Net assets with donor restrictions | $6,292,111 |
| 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 | $6,485,118 |