Public Broadcasting Of Colorado Inc
- Assets
- $61.9m
- Revenue
- $36.9m
- Investments
- $0.0
- Employees
- 217
- Location
- Centennial, CO
- Founding
- 12/1984
- Data as of
- 06/2023
- EIN
- 74-2324052
Organization Overview
Public Broadcasting Of Colorado Inc, operating under the name Colorado Public Radio, is located in Centennial, CO. The organization was established in 1984. 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 06/2023, Colorado Public Radio employed 217 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Colorado 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 06/2023, Colorado Public Radio generated $36.9m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $30.8m during the year ending 06/2023. While expenses have increased by 9.4% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO DELIVER MEANINGFUL NEWS, MUSIC, AND CULTURAL EXPERIENCES TO EVERYONE IN COLORADO
Describe the Organization's Program Activity:
PROGRAMMING AND PRODUCTION EXPENSES CONSIST OF STAFF AND RELATED EXPENSES TO BROADCAST THREE DISTINCT FORMATS CPR NEWS AND KRCC, CPR CLASSICAL, AND INDIE 102.3, ON AIR 24 HOURS A DAY, 7 DAYS A WEEK, AS WELL AS THREE DISTINCT WEBSITES, CPR.ORG, KRCC.ORG, AND DENVERITE.COM. BROADCAST RADIO AUDIENCE REACH WAS APPROXIMATELY 559,000 WEEKLY (SOURCE: NIELSEN FALL 2022/SPRING 2023). MONTHLY DIGITAL AUDIENCES INCLUDED 1,033,000 ONLINE VISITORS FOR CPR.ORG/KRCC.ORG, 340,000 VISITORS TO DENVERITE.COM, AND 227,000 STREAMING LISTENERS. IN ADDITION, PODCASTS PRODUCED BY COLORADO PUBLIC RADIO WERE DOWNLOADED MORE THAN 2 MILLION TIMES IN FY23, AND THERE WERE 86,000 SUBSCRIBERS TO CPR AND KRCC NEWSLETTERS.
BROADCASTING EXPENSES CONSIST OF STAFF AND RELATED EXPENSES TO SUPPORT THE PROGRAMMING, INCLUDING MAINTENANCE OF ALL TRANSMISSION SITES AND TECHNICAL SYSTEMS THAT SUPPORT A STATEWIDE NETWORK OF 52 TRANSMITTERS AND TRANSLATORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stewart Vanderwilt President | OfficerTrustee | 40 | $360,465 |
Brad Greenwald Chair | OfficerTrustee | 1 | $0 |
Michelle Sobel Vice Chair | OfficerTrustee | 1 | $0 |
Diane F Reeder Treasurer | OfficerTrustee | 1 | $0 |
Rishi Hingoraney Secretary | OfficerTrustee | 1 | $0 |
Dr Robert Contiguglia Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Radio Research Consortium Audience Data Research | 6/29/23 | $111,465 |
Next Generation Fundraising Fundraising | 6/29/23 | $356,507 |
Community Counseling Service Co Campaign Consultant | 6/29/23 | $187,564 |
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 | $29,570,162 |
| Noncash contributions included in lines 1a–1f | $2,498,439 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $29,570,162 |
| Total Program Service Revenue | $6,389,839 |
| Investment income | $587,182 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $46,068 |
| Net Gain/Loss on Asset Sales | $290,884 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $36,884,135 |
| 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. | $1,419,084 |
| Compensation of current officers, directors, key employees. | $415,727 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,287,752 |
| Pension plan accruals and contributions | $655,173 |
| Other employee benefits | $1,455,748 |
| Payroll taxes | $1,322,179 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $39,090 |
| Fees for services: Accounting | $141,133 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $65,396 |
| Fees for services: Investment Management | $61,935 |
| Fees for services: Other | $933,684 |
| Advertising and promotion | $99,618 |
| Office expenses | $439,669 |
| Information technology | $649,078 |
| Royalties | $0 |
| Occupancy | $1,581,293 |
| Travel | $341,370 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $360,104 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,270,625 |
| Insurance | $193,043 |
| All other expenses | $964,120 |
| Total functional expenses | $30,837,107 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,586,042 |
| Pledges and grants receivable | $5,448,912 |
| Accounts receivable, net | $1,092,503 |
| 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 | $359,463 |
| Net Land, buildings, and equipment | $9,131,162 |
| Investments—publicly traded securities | $20,286,205 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $23,924,357 |
| Other assets | $52,075 |
| Total assets | $61,880,719 |
| Accounts payable and accrued expenses | $1,794,592 |
| Grants payable | $0 |
| Deferred revenue | $196,664 |
| Tax-exempt bond liabilities | $12,329,997 |
| 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 | $800,000 |
| Other liabilities | $4,716,624 |
| Total liabilities | $19,837,877 |
| Net assets without donor restrictions | $30,685,305 |
| Net assets with donor restrictions | $11,357,537 |
| 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 | $61,880,719 |