Cascade Public Media
- Assets
- $91.3m
- Revenue
- $41.7m
- Investments
- $27.9k
- Employees
- 182
- Location
- Seattle, WA
- Founding
- 10/1983
- Data as of
- 06/2022
- EIN
- 91-1221895
Organization Overview
Cascade Public Media, operating under the name Kcts9 Kcts9org Crosscut Crosscutcom, is located in Seattle, WA. The organization was established in 1983. According to its NTEE Classification (A32) the organization is classified as: Television, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2023, Kcts9 Kcts9org Crosscut Crosscutcom employed 182 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kcts9 Kcts9org Crosscut Crosscutcom 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, Kcts9 Kcts9org Crosscut Crosscutcom generated $41.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $23.7m during the year ending 06/2022. While expenses have increased by 5.2% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
CASCADE PUBLIC MEDIA IS A NONPROFIT MEDIA ORGANIZATION SERVING WASHINGTON STATE AND WESTERN CANADA WITH MEANINGFUL NONCOMMERCIAL PROGRAMMING ON THE AIR, ONLINE, AND IN THE COMMUNITY. OUR MISSION IS TO INFORM AND INSPIRE OUR COMMUNITY TO MAKE THE WORLD A BETTER PLACE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAMMING AND CONTENT CREATIONCASCADE PUBLIC MEDIA PRODUCES, ACQUIRES AND SCHEDULES PROGRAMS AND LOCAL STORIES IN SERVICE OF OUR MISSION TO INFORM AND INSPIRE OUR COMMUNITY TO MAKE THE WORLD A BETTER PLACE. EACH YEAR, MORE THAN 3 MILLION VIEWERS - BOTH ON-AIR AND ONLINE - TRUST KCTS 9 TO PROVIDE THE WIDEST VARIETY OF PROGRAMS THAT ENTERTAIN, EDUCATE AND ALLOW VIEWERS TO CONSIDER A WIDE VARIETY OF PERSPECTIVES. ADDITIONALLY, WITH APPROXIMATELY 2 MILLION YEARLY WEBSITE VISITORS, CROSSCUT SERVES THE PUBLIC WITH DEEPLY REPORTED LOCAL JOURNALISM.
PROGRAM INFORMATION AND PROMOTIONCASCADE PUBLIC MEDIA PROVIDES UPDATES AND ANNOUNCEMENTS ABOUT OUR LOCAL NEWS, PROGRAMMING, AND EVENTS THROUGH MANY COMMUNICATION CHANNELS INCLUDING ON-AIR, E-MAIL, SOCIAL MEDIA, EVENT LISTINGS, COMMUNITY PARTNERSHIPS AND WEBSITE POSTINGS. ALL OF THESE OUTREACH ACTIVITIES ARE INTENDED TO DEEPEN THE IMPACT OF OUR PROGRAMS AND INITIATIVES.
BROADCASTAS A PBS MEMBER STATION, CASCADE PUBLIC MEDIA OFFERS 24/7 BROADCAST SERVICES, UNINTERRUPTED BY COMMERCIALS. VIEWERS TUNE INTO FOUR FREE, OVER-THE-AIR PROGRAM CHANNELS - KCTS 9: THE BEST OF PUBLIC TELEVISION PROGRAMMING; CREATE: HIGH-QUALITY HOW-TO AND LIFESTYLE PROGRAMMING; WORLD: THE BEST OF PUBLIC TELEVISION'S NON-FICTION, NEWS, SCIENCE AND DOCUMENTARY PROGRAMMING; AND KCTS 9 PBS KIDS: COMMITTED TO MAKING A POSITIVE IMPACT OF THE LIVES OF CHILDREN THROUGH CURRICULUM-BASED ENTERTAINMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Bennett Chair | OfficerTrustee | 2 | $0 |
Karli Barokas Vice Chair | OfficerTrustee | 2 | $0 |
Holly Mesrobian Secretary | OfficerTrustee | 2 | $0 |
Robert Moser Treasurer | OfficerTrustee | 2 | $0 |
Lynne Varner Past Chair | Trustee | 2 | $0 |
Lanesha Debardelaben Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Allegiance Fundraising Llc Printing & Mailing Service | 6/29/23 | $933,311 |
Media Management Llc Master Control Services | 6/29/23 | $232,815 |
Jpc Architects Llc Architect Services | 6/29/23 | $120,604 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $15,379 |
| Membership dues | $17,446,785 |
| Fundraising events | $201,316 |
| Related organizations | $0 |
| Government grants | $71,523 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,855,033 |
| Noncash contributions included in lines 1a–1f | $891,624 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $33,590,036 |
| Total Program Service Revenue | $52,000 |
| Investment income | $646,287 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $2,834,833 |
| Net Rental Income | $598,343 |
| Net Gain/Loss on Asset Sales | $2,763,483 |
| Net Income from Fundraising Events | $696,395 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $41,687,198 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,237,774 |
| Compensation of current officers, directors, key employees. | $672,104 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,554,955 |
| Pension plan accruals and contributions | $420,337 |
| Other employee benefits | $925,397 |
| Payroll taxes | $663,716 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $76,106 |
| Fees for services: Accounting | $84,592 |
| Fees for services: Lobbying | $31,200 |
| Fees for services: Fundraising | $872,287 |
| Fees for services: Investment Management | $119,788 |
| Fees for services: Other | $1,907,380 |
| Advertising and promotion | $502,354 |
| Office expenses | $860,839 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $235,337 |
| Travel | $80,095 |
| 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 | $1,048,869 |
| Insurance | $296,691 |
| All other expenses | $379,261 |
| Total functional expenses | $23,724,168 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $231,589 |
| Savings and temporary cash investments | $16,740,237 |
| Pledges and grants receivable | $664,059 |
| Accounts receivable, net | $2,714,473 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $67,310 |
| Prepaid expenses and deferred charges | $398,818 |
| Net Land, buildings, and equipment | $26,424,145 |
| Investments—publicly traded securities | $41,738,479 |
| Investments—other securities | $27,939 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,317,615 |
| Total assets | $91,324,664 |
| Accounts payable and accrued expenses | $2,618,443 |
| Grants payable | $0 |
| Deferred revenue | $2,290,008 |
| Tax-exempt bond liabilities | $17,024,677 |
| 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 | $930,789 |
| Total liabilities | $22,863,917 |
| Net assets without donor restrictions | $44,442,228 |
| Net assets with donor restrictions | $24,018,519 |
| 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 | $91,324,664 |