Civic Intelligence

Eastern Educational Television Network Inc.

990 • Fiscal year 2024 • EIN 04-6114548

Jul 01, 2023 to Jun 30, 2024 • Filed on Apr 01, 2025

Organization Profilewww.APTonline.org

View Organization Page

10 Post Office Square Suite 1200NBoston, MA 02109

(617) 338-4455

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

67th percentile

0.35x

Higher debt load relative to assets than 67% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

67th percentile

0.46x

Higher debt load relative to revenue than 67% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

52nd percentile

5.2%

Higher net margin than 52% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

84th percentile

$359,487

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 2.1% of source-year revenue.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

28th percentile

-1.0%

Faster asset growth than 28% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

39th percentile

2.8%

Faster revenue growth than 39% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets67th percentile

Assets

Down

$22,496,716

Down $226,947 (-1.0%) from 2023

Net Assets

Up

$14,640,955

Up $1,016,028 (+7.5%) from 2023

Liabilities

Down

$7,855,761

Down $1,242,975 (-14%) from 2023

Revenue And Expenses
Liabilities / Revenue67th percentileNet Margin52nd percentile

Revenue

Up

$17,105,032

Up $463,240 (+2.8%) from 2023

Expenses

Up

$16,212,329

Up $1,148,002 (+7.6%) from 2023

Net Income

Down

$892,703

Down $684,762 (-43%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth28th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30M$20M$10M$0Assets 2010: $8,790,640Liabilities 2010: $4,572,701Net Assets 2010: $4,217,9392010Assets 2011: $9,738,418Liabilities 2011: $4,338,174Net Assets 2011: $5,400,2442011Assets 2012: $10,481,962Liabilities 2012: $4,834,301Net Assets 2012: $5,647,6612012Assets 2013: $11,080,680Liabilities 2013: $4,725,586Net Assets 2013: $6,355,0942013Assets 2014: $12,736,683Liabilities 2014: $5,113,789Net Assets 2014: $7,622,8942014Assets 2015: $12,367,780Liabilities 2015: $4,638,409Net Assets 2015: $7,729,3712015Assets 2016: $12,913,221Liabilities 2016: $5,007,312Net Assets 2016: $7,905,9092016Assets 2017: $13,633,410Liabilities 2017: $4,467,089Net Assets 2017: $9,166,3212017Assets 2018: $15,837,814Liabilities 2018: $6,141,413Net Assets 2018: $9,696,4012018Assets 2019: $15,132,105Liabilities 2019: $5,241,302Net Assets 2019: $9,890,8032019Assets 2020: $14,825,425Liabilities 2020: $4,530,987Net Assets 2020: $10,294,4382020Assets 2021: $17,731,406Liabilities 2021: $4,447,803Net Assets 2021: $13,283,6032021Assets 2022: $16,514,282Liabilities 2022: $4,751,877Net Assets 2022: $11,762,4052022Assets 2023: $22,723,663Liabilities 2023: $9,098,736Net Assets 2023: $13,624,9272023Assets 2024: $22,496,716Liabilities 2024: $7,855,761Net Assets 2024: $14,640,9552024Assets 2025: $23,152,185Liabilities 2025: $7,331,438Net Assets 2025: $15,820,7472025

Highlighted filing

2024

Assets$22,496,716
Liabilities$7,855,761
Net Assets$14,640,955
Open 2024 Filing

Operations Trend

Revenue Growth39th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$20M$15M$10M$5.0M$0Expenses 2010: $8,606,8332010Expenses 2011: $8,468,5102011Expenses 2012: $9,149,7262012Revenue 2013: $10,385,786Expenses 2013: $9,254,735Net Income 2013: $1,131,0512013Revenue 2014: $10,049,894Expenses 2014: $9,701,227Net Income 2014: $348,6672014Revenue 2015: $10,605,346Expenses 2015: $9,548,888Net Income 2015: $1,056,4582015Revenue 2016: $10,362,677Expenses 2016: $10,125,097Net Income 2016: $237,5802016Revenue 2017: $10,801,272Expenses 2017: $10,173,954Net Income 2017: $627,3182017Revenue 2018: $10,998,275Expenses 2018: $10,334,755Net Income 2018: $663,5202018Revenue 2019: $11,646,581Expenses 2019: $11,215,930Net Income 2019: $430,6512019Revenue 2020: $11,788,211Expenses 2020: $10,878,166Net Income 2020: $910,0452020Revenue 2021: $12,481,295Expenses 2021: $11,479,294Net Income 2021: $1,002,0012021Revenue 2022: $14,535,811Expenses 2022: $12,571,741Net Income 2022: $1,964,0702022Revenue 2023: $16,641,792Expenses 2023: $15,064,327Net Income 2023: $1,577,4652023Revenue 2024: $17,105,032Expenses 2024: $16,212,329Net Income 2024: $892,7032024Revenue 2025: $16,023,260Expenses 2025: $15,233,914Net Income 2025: $789,3462025

Highlighted filing

2024

Revenue$17,105,032
Expenses$16,212,329
Net Income$892,703
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Apr 1, 2025
Return Version
2023v6.0
Gross Receipts
$19,584,760
Mission and Program Overview

Mission

Develop and deliver valued program choices and services in partnership with America's public television community. Since 1961, American Public Television has been a leading distributor of high-quality programming to the nation's public television stations. With approximately 4,000 hours of available programming, APT identifies innovative programs and creative distribution techniques for producers.

Develop and deliver valued program choices and services in partnership with America's public television community. Since 1961, American Public Television has been a leading distributor of high-quality programming to the nation's public television stations. With approximately 4,000 hours of available programming, APT identifies innovative programs and creative distribution techniques for producers. For six decades, we have established a tradition of providing public television stations with the choices that enable them to strengthen and customize their schedules.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$16,085,523$16,696,340▲ $610,817
Land, Buildings, and Equipment, Net$693,092$627,151▼ $65,941
Savings and Temporary Cash Investments$1,062,517$606,972▼ $455,545
Accounts Receivable$352,917$533,923▲ $181,006
Prepaid Expenses and Deferred Charges$134,641$267,998▲ $133,357
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$22,723,663$22,496,716▼ $226,947
Other Assets Total$4,394,973$3,764,332▼ $630,641
Liabilities
Other Liabilities$6,331,302$5,924,644▼ $406,658
Deferred Revenue$2,170,208$1,305,526▼ $864,682
Accounts Payable and Accrued Expenses$597,226$625,591▲ $28,365
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$9,098,736$7,855,761▼ $1,242,975
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$13,382,943$14,398,971▲ $1,016,028
Net Assets With Donor Restrictions$241,984$241,984→ $0
Total Net Assets Fund Balance$13,624,927$14,640,955▲ $1,016,028
Total Liabilities and Net Assets / Fund Balance$22,723,663$22,496,716▼ $226,947

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$333,044$80,445$413,489
Equipment$95,817$257,441$353,258
Leasehold Improvements$198,290$49,492$247,782
Buildings$0$0$0
Land$0-$0
Other Assets Org$95,889--
Compensation and Service Providers
Top Officer Pay84th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Cynthia A FennemanFormer President & CEOFT$226,398$133,089$359,487
Shawn HalfordExecutive Vice President, ContentFT$248,971$80,897$329,868
Paul HigginsChief Operating Officer, ClerkFT$225,729$66,063$291,792
James DunfordPresident & CEOFT$248,032$33,833$281,865
Judy BarlowExecutive Vice President, GrowthFT$206,154$68,283$274,437
Dan SolesVP, Premium Service / SyndicationFT$214,339$46,593$260,932
Anand KavalaparaVice President, TechnologyFT$175,801$61,938$237,739
Olivia WongVice President, CommunicationsFT$174,395$42,550$216,945
Nicholas PollardControllerFT$144,089$58,703$202,792
Tom DavisonDirector, Business DevelopmentFT$131,083$53,521$184,604
Hilary BuxtonDirector, ExchangeFT$124,974$51,739$176,713
David RubinsohnDirector, Premium Service / SyndicationFT$122,688$49,598$172,286

Board Members and Trustees

NameTitle
Lisa ShumateChair
Mare MazurChair Emeritus
Linda O'BryonChair Finance Committee, Treasurer, Executive Compensation
Rob DunlopVice Chair
Anthony PadgettTrustee
Becky MaguraTrustee
C C CopelandTrustee
Candice SeigerTrustee
Courtney PledgerTrustee
John FordTrustee
Neal ShapiroTrustee
Ron PisaneschiTrustee
Ronnie AgnewTrustee
Steve McGowanTrustee

Highest Paid Contractors

ContractorServicesLocationCompensation
Digital Velocity Partners LLCConsulting Services1321 Upland Drive, Suite 1120, Houston, TX 77043$376,941
-Consulting488 Madison Avenue, New York, NY 10022$100,584
Revenue and Support

Revenue Composition

Contributions and Grants
$16,928
Program Service Revenue
$16,289,397
Investment Income
$798,707
Other Revenue
$0
All Other Contributions
$0
Change in Net Assets
$892,703

Audited Revenue Reconciliation

Revenue per Audited Statements
$17,041,786
Revenue Not Reported on Financial Statements
$63,246
Revenue Not Reported on Form 990
$375,356
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$17,417,142
Total Revenue per Form 990
$17,105,032
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$9,966,772
Salaries, Compensation, and Employee Benefits$6,245,557
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,567,150$569,526$0$3,136,676
Current Officers, Directors, Trustees, and Key Employees$1,094,188$807,023$0$1,901,211
Other Expenses$1,018,022$0$0$1,018,022
Occupancy$549,545$160,920$0$710,465
Other Employee Benefits$418,451$193,291$0$611,742
Fees for Services Other$361,059$105,727$0$466,786
Payroll Taxes$248,009$78,656$0$326,665
Pension Plan Contributions$229,232$40,031$0$269,263
Travel$60,338$193,749$0$254,087
Office Expenses$148,246$72,183$0$220,429
Advertising$126,073$19,835$0$145,908
Depreciation Depletion$101,226$29,641$0$130,867
Conferences and Meetings$63,214$13,992$0$77,206
Information Technology$49,536$14,505$0$64,041
Fees for Services Accounting$44,465$16,320$0$60,785
Insurance$39,445$11,552-$50,997
Fees for Services Legal$18,935$7,382$0$26,317
Fees for Service Investment Mgmnt Fees$-63,246$63,246$0$0
Total Functional Expenses$13,814,750$2,397,579$0$16,212,329

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$16,212,329
Total Expenses per Audited Statements$16,212,329
Total Expenses per Form 990$16,212,329
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Other Expense Adjustments$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liability$3,774,297
Unpaid Program Rights$2,150,347
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Business Relationship”

Form 990, Part VI, Section B, Line 11B

“Form 990 and all required Schedules and Attachments are provided to each member of the Finance Committee of the Board of Trustees for review and comment. Any required changes or additions are subsequently made. The final version of the Form 990 and attachments, approved by the Finance Committee, is provided to the Board of Trustees before the Form is filed with the IRS.”

Form 990, Part VI, Section B, Line 12C

“The organization has a written Conflict of Interest Policy. The organization requires Board of Trustees members, officers, and key employees to annually complete the conflict-of-interest Disclosure Form described and required in the Policy. New Board of Trustees members, officers and key employees fill out the Disclosure Form at the time of election to the Board or at the time of hire, and then annually. The annual conflict of interest Disclosure Forms are reviewed by the CEO and CFO, who determine whether a potential conflict exists. If an actual conflict is found to exist, the conflicted individual may be prohibited from any deliberations or decisions regarding the matter.”

Form 990, Part VI, Section B, Line 15

“The Executive Committee of the Board of Trustees is responsible for reviewing, setting and approving the annual compensation of the CEO. The CEO recommends to the Executive Committee of the Board of Trustees annual compensation increases or changes for other officers and key employees of the organization and reviews the recommendations with the Executive Committee, which then approves compensation. Compensation for both the CEO and for other officers and key employees is determined, in part, based upon appropriate local and industry comparability data.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflicts of interest policy, and financial statements available to the public upon written request. The organization's Form 990 is available at www.guidestar.org and the Massachusetts Attorney General's website.”

Filing and Contact Details

Filer

Filer Name
Eastern Educational Television Network Inc
EIN
04-6114548
Phone
6173384455
Address
10 Post Office Square Suite 1200N, Boston, MA 02109
Doing Business As
American Public Television

Signing Officer

Name
Paul Higgins
Title
Chief Operating Officer
Phone
6173384455
Signed
2025-04-01

Organization Details

Principal Officer
Paul Higgins
Formed
1960
Legal Domicile
Ma
Voting Board Members
15
Independent Board Members
14
Employees
47
Volunteers
20
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Distribution of shared surplus from digital multicast channel.”

Financial Statement Notes

Schedule D, Part X, Line 2

“APT accounts for the effect of any uncertain tax positions based on a "more likely than not" threshold to the recognition of the tax positions being sustained based on the technical merits of the position under scrutiny by the applicable taxing authority. If a tax position or positions are deemed to result in uncertainties of those positions, the unrecognized tax benefit is estimated based on a "cumulative probability assessment" that aggregates the estimated tax liability for all uncertain tax positions. APT has identified its tax status as a tax-exempt entity and its determination that its revenues are related as its only significant tax positions; however, APT has determined that such tax positions do not result in an uncertainty requiring recognition. APT is not currently under examination by any taxing jurisdictions. APT's Federal and state tax returns are generally open for examination for three years following the date filed.”

Raw XML AppendixShowing 400 of 1,088 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/PersonNm0Cynthia A Fenneman
IRS990/Form990PartVIISectionAGrp/PersonNm1Shawn Halford
IRS990/Form990PartVIISectionAGrp/PersonNm2Paul Higgins
IRS990/Form990PartVIISectionAGrp/PersonNm3James Dunford
IRS990/Form990PartVIISectionAGrp/PersonNm4Judy Barlow
IRS990/Form990PartVIISectionAGrp/PersonNm5Dan Soles
IRS990/Form990PartVIISectionAGrp/PersonNm6Anand Kavalapara
IRS990/Form990PartVIISectionAGrp/PersonNm7Olivia Wong
IRS990/Form990PartVIISectionAGrp/PersonNm8Nicholas Pollard
IRS990/Form990PartVIISectionAGrp/PersonNm9Tom Davison
IRS990/Form990PartVIISectionAGrp/PersonNm10Hilary Buxton
IRS990/Form990PartVIISectionAGrp/PersonNm11David Rubinsohn
IRS990/Form990PartVIISectionAGrp/PersonNm12Lisa Shumate
IRS990/Form990PartVIISectionAGrp/PersonNm13Mare Mazur
IRS990/Form990PartVIISectionAGrp/PersonNm14Rob Dunlop
IRS990/Form990PartVIISectionAGrp/PersonNm15Linda O'Bryon
IRS990/Form990PartVIISectionAGrp/PersonNm16Ronnie Agnew
IRS990/Form990PartVIISectionAGrp/PersonNm17John Ford
IRS990/Form990PartVIISectionAGrp/PersonNm18Steve McGowan
IRS990/Form990PartVIISectionAGrp/PersonNm19Becky Magura
IRS990/Form990PartVIISectionAGrp/PersonNm20Anthony Padgett
IRS990/Form990PartVIISectionAGrp/PersonNm21Ron Pisaneschi
IRS990/Form990PartVIISectionAGrp/PersonNm22Courtney Pledger
IRS990/Form990PartVIISectionAGrp/PersonNm23Candice Seiger
IRS990/Form990PartVIISectionAGrp/PersonNm24Neal Shapiro
IRS990/Form990PartVIISectionAGrp/PersonNm25C C Copeland
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt250
IRS990/Form990PartVIISectionAGrp/TitleTxt0Former President & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1Executive Vice President, Content
IRS990/Form990PartVIISectionAGrp/TitleTxt2Chief Operating Officer, Clerk
IRS990/Form990PartVIISectionAGrp/TitleTxt3President & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt4Executive Vice President, Growth
IRS990/Form990PartVIISectionAGrp/TitleTxt5VP, Premium Service / Syndication
IRS990/Form990PartVIISectionAGrp/TitleTxt6Vice President, Technology
IRS990/Form990PartVIISectionAGrp/TitleTxt7Vice President, Communications
IRS990/Form990PartVIISectionAGrp/TitleTxt8Controller
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director, Business Development
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director, Exchange
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director, Premium Service / Syndication
IRS990/Form990PartVIISectionAGrp/TitleTxt12Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt13Chair Emeritus
IRS990/Form990PartVIISectionAGrp/TitleTxt14Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt15Chair Finance Committee, Treasurer, Executive Compensation
IRS990/Form990PartVIISectionAGrp/TitleTxt16Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt17Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt18Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt19Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt20Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt21Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt22Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt23Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt24Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt25Trustee
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Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$22,496,716
Liabilities
$7,855,761
Net assets
$14,640,955
Revenue
$17,105,032
Expenses
$16,212,329
Net income
$892,703
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$23.2$7.33$15.8$16.0$15.2$0.79
2024Detailed filing. Detailed filing data is available for this year.$22.5$7.86$14.6$17.1$16.2$0.89
2023Detailed filing. Detailed filing data is available for this year.$22.7$9.10$13.6$16.6$15.1$1.58
2022Detailed filing. Detailed filing data is available for this year.$16.5$4.75$11.8$14.5$12.6$1.96
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.7$4.45$13.3$12.5$11.5$1.00
2020Detailed filing. Detailed filing data is available for this year.$14.8$4.53$10.3$11.8$10.9$0.91
2019Detailed filing. Detailed filing data is available for this year.$15.1$5.24$9.89$11.6$11.2$0.43
2018Detailed filing. Detailed filing data is available for this year.$15.8$6.14$9.70$11.0$10.3$0.66
2017Detailed filing. Detailed filing data is available for this year.$13.6$4.47$9.17$10.8$10.2$0.63
2016Detailed filing. Detailed filing data is available for this year.$12.9$5.01$7.91$10.4$10.1$0.24
2015Detailed filing. Detailed filing data is available for this year.$12.4$4.64$7.73$10.6$9.55$1.06
2014Detailed filing. Detailed filing data is available for this year.$12.7$5.11$7.62$10.0$9.70$0.35
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.1$4.73$6.36$10.4$9.25$1.13
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.5$4.83$5.65$9.15
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.74$4.34$5.40$8.47
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.79$4.57$4.22$8.61