Vpm Media Corporation
- Assets
- $41.4m
- Revenue
- $23.6m
- Investments
- $0.0
- Employees
- 122
- Location
- Richmond, VA
- Founding
- 09/1964
- Data as of
- 06/2021
- EIN
- 54-0735782
Organization Overview
Vpm Media Corporation is located in Richmond, VA. The organization was established in 1964. According to its NTEE Classification (A30) the organization is classified as: Media & Communications, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Vpm Media Corporation employed 122 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vpm Media Corporation 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 06/2021, Vpm Media Corporation generated $23.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 16.2% each year . All expenses for the organization totaled $20.8m during the year ending 06/2021. While expenses have increased by 13.0% per year over the past 6 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO USE THE POWER OF MEDIA TO EDUCATE, ENTERTAIN AND INSPIRE, USING PUBLIC TELEVISION AND PUBLIC RADIO TO MAKE A POSITIVE IMPACT ON THE COMMUNITIES THROUGHOUT CENTRAL VIRGINIA, CHARLOTTESVILLE, THE SHENANDOAH VALLEY, THE NORTHERN NECK AND MECKLENBURG COUNTY REGIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL ENGAGEMENT: VPM EARLY CHILDHOOD CARE & EDUCATION PROGRAM WORKS WITH MORE THAN 50 COMMUNITY PARTNERS IN THE GREATER RICHMOND, CHARLOTTESVILLE, AND HARRISONBURG COMMUNITIES TO HELP FAMILIES AND CAREGIVERS PREPARE YOUNG CHILDREN AGES 0-8 FOR SUCCESS IN SCHOOL. FOCUSING ON FAMILIES WHO ARE THE FURTHEST FROM OPPORTUNITY. SCIENCE MATTERS WORKS WITH 150 COMMUNITY PARTNERS IN THE GREATER RICHMOND COMMUNITY TO ENCOURAGE OUR COMMUNITIES TO VALUE SCIENCE AND UNDERSTAND ITS IMPORTANCE TO OUR FUTURE.
PUBLIC TELEVISION: VPM CONNECTS NEARLY 2 MILLION PEOPLE ACROSS CENTRAL VIRGINIA AND THE SHENANDOAH VALLEY TO INSIGHTFUL PROGRAMMING IN ARTS AND CULTURE, HISTORY, SCIENCE, NEWS AND EDUCATION. IN RICHMOND, CHARLOTTESVILLE AND THE HARRISONBURG AREA, VPM OPERATES PUBLIC TELEVISION STATIONS VPM PBS, VPM PLUS, VPM PBS KIDS, LIFESTYLE CHANNEL VPM CREATE AND INTERNATIONAL PROGRAM CHANNEL VPM WORLD.
PUBLIC RADIO: VPM OPERATES RICHMOND PUBLIC RADIO STATIONS VPM NEWS (WCVE 88.9 FM) AND VPM MUSIC (WWBT 107.3 FM, WWLB 93.1 FM AND 88.9-HD2), AS WELL AS MIXED FORMAT STATIONS IN THE NORTHERN NECK (WCNV 89.1 FM) AND SOUTHSIDE VIRGINIA (WMVE 90.1 FM). FROM ITS RICHMOND-AREA NEWSROOM, VPM NEWS DELIVERS COVERAGE OF STATEWIDE POLITICS, LOCAL GOVERNMENT, EDUCATION AND LEGAL ISSUES, AS WELL AS THE NEWS OF THE DAY FROM NPR. VPM MUSIC IS HOME TO A 24/7 BLEND OF CLASSICAL, JAZZ AND WORLD MUSIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Irene Carney Director | Trustee | 2 | $0 |
Jim Cheng Director | Trustee | 2 | $0 |
Dr Heather Coltman Director | Trustee | 2 | $0 |
Richard Diemer Director | Trustee | 3 | $0 |
Phillip Goodpasture Director | Trustee | 2 | $0 |
Vann Graves Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
My Tupelo Entertainment Llc Production Services | 6/29/22 | $1,855,120 |
All3mediaamerica Production Services | 6/29/22 | $2,172,650 |
Allegiance Fundraising Fundraising | 6/29/22 | $276,383 |
Field Studio Production Services | 6/29/22 | $259,319 |
Story Mechanics Llc Production Services | 6/29/22 | $250,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,135,421 |
| Investment income | $587,906 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $543,543 |
| Net Gain/Loss on Asset Sales | $347,885 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,558,151 |
| 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. | $1,263,237 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,529,685 |
| Pension plan accruals and contributions | $458,055 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $239,882 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $451,249 |
| Fees for services: Investment Management | $73,289 |
| Fees for services: Other | $1,328,345 |
| Advertising and promotion | $395,337 |
| Office expenses | $511,196 |
| Information technology | $516,244 |
| Royalties | $0 |
| Occupancy | $738,747 |
| Travel | $26,749 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,340 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,203,413 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $20,764,016 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,627,532 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $533,620 |
| Accounts receivable, net | $286,787 |
| 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 | $521,334 |
| Investments—publicly traded securities | $29,044,474 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,684,669 |
| Other assets | $458,198 |
| Total assets | $41,400,162 |
| Accounts payable and accrued expenses | $1,711,453 |
| Grants payable | $0 |
| Deferred revenue | $310,795 |
| 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 | $1,481,848 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,404,710 |
| Total liabilities | $7,908,806 |
| 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 | $33,491,356 |