Npr Foundation
- Assets
- $410.0m
- Revenue
- $31.9m
- Investments
- $331.4m
- Employees
- 0
- Location
- Washington, DC
- Founding
- 11/1992
- Data as of
- 09/2021
- EIN
- 52-1795789
Organization Overview
Npr Foundation is located in Washington, DC. The organization was established in 1992. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Npr Foundation 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 09/2021, Npr Foundation generated $31.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $18.8m during the year ending 09/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE NPR FOUNDATION ("FOUNDATION") IS A SUPPORTING ORGANIZATION ORGANIZED AND OPERATED EXCLUSIVELY FOR THE BENEFIT OF ITS SOLE MEMBER, NATIONAL PUBLIC RADIO, INC. ("NPR INC."). THE FOUNDATION SUPPORTS NPR INC. THROUGH VARIOUS ACTIVITIES SUCH AS SOLICITING CHARITABLE CONTRIBUTIONS, CONDUCTING FUNDRAISING EVENTS, AND MANAGING AN ENDOWMENT FUND FOR THE BENEFIT OF NPR INC. THE FOUNDATION DISBURSES FUNDS IT RAISES AND EARNS ON THE ENDOWMENT TO NPR INC. FOR THE OPERATION, PROMOTION, DEVELOPMENT, CAPITAL EXPANSION, AND OTHER VALID PURPOSES OF NPR INC. SUBJECT TO DONOR RESTRICTIONS.
Describe the Organization's Program Activity:
THE FOUNDATION CONTRIBUTES TO NPR FOR THE ANNUAL SUPPORT OF NPR'S OPERATIONS AS WELL AS FOUNDATION BOARD-APPROVED DISTRIBUTIONS FROM THE FOUNDATION ENDOWMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah A Cowan Treasurer (sch O) | OfficerTrustee | 1 | $0 |
John P Mcginn Chair/trustee | OfficerTrustee | 1 | $0 |
Mollie H Carter Vice Chair/trustee | OfficerTrustee | 1 | $0 |
Melissa Fetter Vice Chair/trustee | OfficerTrustee | 1 | $0 |
Camilla Smith Vice Chair/trustee | OfficerTrustee | 1 | $0 |
Patricia Ishiyama Vice Chair/trustee | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,715,826 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,715,826 |
| Total Program Service Revenue | $0 |
| Investment income | $2,863,531 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $25,340,429 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $31,919,786 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $16,966,810 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $83,390 |
| Pension plan accruals and contributions | $2,417 |
| Other employee benefits | $3,878 |
| Payroll taxes | $6,588 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $95,787 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,557,624 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,810 |
| Office expenses | $1,330 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,628 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $18,756,745 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200,322 |
| Savings and temporary cash investments | $2,445,000 |
| Pledges and grants receivable | $1,201 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $67,015,933 |
| Investments—other securities | $331,379,335 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,964,600 |
| Total assets | $410,006,391 |
| Accounts payable and accrued expenses | $87,964 |
| 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 | $87,964 |
| Net assets without donor restrictions | $31,657,562 |
| Net assets with donor restrictions | $378,260,865 |
| 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 | $410,006,391 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Npr Foundation has recieved totaling $35,000.
| Awarding Organization | Amount |
|---|---|
Anthony Crabb & Barbara Grasseschi Foundation Healdsburg, CA PURPOSE: GENERAL OPERATIONS | $25,000 |
Gupta Foundation Herndon, VA PURPOSE: RAISING CHARITABLE CONTRIBUTIONS FOR | $10,000 |
Endowment Analysis
| Beg. Balance | $309,720,463 |
| Earnings | $73,701,452 |
| Net Contributions | $183,000 |
| Other Expense | $15,415,757 |
| Ending Balance | $368,189,158 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Virginia Museum Of Fine Arts Foundation Richmond, VA | $286,070,393 | $48,848,372 |
Npr Foundation Washington, DC | $410,006,391 | $31,919,786 |
Pbs Foundation Arlington, VA | $37,997,942 | $17,786,379 |
Virginia Foundation For Public Media Richmond, VA | $185,376,659 | $5,025,363 |
Mpt Foundation Inc Owings Mills, MD | $15,645,200 | $7,324,843 |
Jefferson Center Foundation Ltd Roanoke, VA | $24,079,593 | $2,456,793 |
National Cryptologic Foundation Inc Glen Burnie, MD | $20,609,005 | $4,032,571 |
Building Bridges Development Corporation Washington, DC | $27,709,969 | $15,592 |
Acrc Lessor Inc Baltimore, MD | $16,634,404 | $230,833 |
London Town Foundation Inc Edgewater, MD | $1,552,184 | $1,585,855 |
Henricus Foundation Chester, VA | $4,503,070 | $906,467 |
Richmond Symphony Foundation Richmond, VA | $22,805,646 | $493,318 |