Civic Intelligence

Wmht Educational Telecommunications Inc.

990 • Fiscal year 2022 • EIN 14-1400177

Jul 01, 2021 to Jun 30, 2022 • Filed on Mar 21, 2023

4 Global ViewTroy, NY 12180-8368

(518) 880-3400

Siviq Scores

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

Liabilities / Assets

34th percentile

0.07x

Higher debt load relative to assets than 34% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

44th percentile

0.17x

Higher debt load relative to revenue than 44% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Net Margin

69th percentile

18%

Higher net margin than 69% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

81st percentile

$316,797

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 3.2% of source-year revenue.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Asset Growth

46th percentile

-0.8%

Faster asset growth than 46% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

38th percentile

-1.7%

Faster revenue growth than 38% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Assets

Down

$24,630,036

Down $195,456 (-0.8%) from 2021

Net Assets

Up

$22,897,525

Up $594,124 (+2.7%) from 2021

Liabilities

Down

$1,732,511

Down $789,580 (-31%) from 2021

Revenue

Down

$10,052,137

Down $176,532 (-1.7%) from 2021

Expenses

Up

$8,232,840

Up $115,405 (+1.4%) from 2021

Net Income

Down

$1,819,297

Down $291,937 (-14%) from 2021

Historical Trend

Balance Sheet Trend

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

$40M$30M$20M$10M$0Assets 2010: $21,306,855Liabilities 2010: $6,424,690Net Assets 2010: $14,882,1652010Assets 2011: $21,267,528Liabilities 2011: $5,834,144Net Assets 2011: $15,433,3842011Assets 2012: $20,146,354Liabilities 2012: $5,286,751Net Assets 2012: $14,859,6032012Assets 2013: $20,460,719Liabilities 2013: $5,021,940Net Assets 2013: $15,438,7792013Assets 2014: $20,290,146Liabilities 2014: $4,965,110Net Assets 2014: $15,325,0362014Assets 2015: $19,200,343Liabilities 2015: $4,073,737Net Assets 2015: $15,126,6062015Assets 2016: $18,178,703Liabilities 2016: $3,706,435Net Assets 2016: $14,472,2682016Assets 2017: $18,575,755Liabilities 2017: $3,096,156Net Assets 2017: $15,479,5992017Assets 2018: $21,265,551Liabilities 2018: $3,768,462Net Assets 2018: $17,497,0892018Assets 2019: $21,726,804Liabilities 2019: $3,307,403Net Assets 2019: $18,419,4012019Assets 2020: $21,779,435Liabilities 2020: $2,760,688Net Assets 2020: $19,018,7472020Assets 2021: $24,825,492Liabilities 2021: $2,522,091Net Assets 2021: $22,303,4012021Assets 2022: $24,630,036Liabilities 2022: $1,732,511Net Assets 2022: $22,897,5252022Assets 2023: $26,181,900Liabilities 2023: $1,719,942Net Assets 2023: $24,461,9582023Assets 2024: $28,568,423Liabilities 2024: $1,209,653Net Assets 2024: $27,358,7702024Assets 2025: $30,447,764Liabilities 2025: $1,204,236Net Assets 2025: $29,243,5282025

Highlighted filing

2022

Assets$24,630,036
Liabilities$1,732,511
Net Assets$22,897,525

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2010: $8,826,6522010Expenses 2011: $8,642,6762011Expenses 2012: $8,367,2602012Revenue 2013: $8,448,465Expenses 2013: $8,570,309Net Income 2013: -$121,8442013Revenue 2014: $7,870,674Expenses 2014: $8,395,386Net Income 2014: -$524,7122014Revenue 2015: $9,308,061Expenses 2015: $8,676,298Net Income 2015: $631,7632015Revenue 2016: $8,629,481Expenses 2016: $9,059,949Net Income 2016: -$430,4682016Revenue 2017: $9,089,085Expenses 2017: $8,528,602Net Income 2017: $560,4832017Revenue 2018: $9,662,261Expenses 2018: $7,963,113Net Income 2018: $1,699,1482018Revenue 2019: $9,110,936Expenses 2019: $8,409,145Net Income 2019: $701,7912019Revenue 2020: $9,317,323Expenses 2020: $8,407,445Net Income 2020: $909,8782020Revenue 2021: $10,228,669Expenses 2021: $8,117,435Net Income 2021: $2,111,2342021Revenue 2022: $10,052,137Expenses 2022: $8,232,840Net Income 2022: $1,819,2972022Revenue 2023: $9,442,153Expenses 2023: $8,741,329Net Income 2023: $700,8242023Revenue 2024: $10,748,092Expenses 2024: $9,158,257Net Income 2024: $1,589,8352024Revenue 2025: $10,458,351Expenses 2025: $9,381,748Net Income 2025: $1,076,6032025

Highlighted filing

2022

Revenue$10,052,137
Expenses$8,232,840
Net Income$1,819,297
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Mar 21, 2023
Return Version
2021v4.2
Gross Receipts
$15,343,265
Mission and Program Overview

Mission

Wmht enriches communities and elevates diverse perspectives by providing content, connection, and conversation that advance education, culture, and civic engagement.

1. To provide education through four distinct public television services wmht 17.1, wmht 17.2 (create), wmht 17.3 (pbs world) and wmht 17.4 (pbs kids) which reach more than half a million households in eastern ny and western new england and two public radio stations with distinct musical formats.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$10,798,789$12,177,682▲ $1,378,893
Land, Buildings, and Equipment, Net$7,894,780$7,477,551▼ $417,229
Cash and Non-Interest-Bearing Accounts$2,596,796$1,661,791▼ $935,005
Investments Other Securities$1,042,016$1,095,250▲ $53,234
Accounts Receivable$696,662$579,065▼ $117,597
Prepaid Expenses and Deferred Charges$254,049$155,372▼ $98,677
Pledges and Grants Receivable$2,000$0▼ $2,000
Total Assets$24,825,492$24,630,036▼ $195,456
Other Assets Total$1,540,400$1,483,325▼ $57,075
Liabilities
Tax Exempt Bond Liabilities$1,140,597$779,358▼ $361,239
Accounts Payable and Accrued Expenses$635,606$479,487▼ $156,119
Deferred Revenue$716,479$425,990▼ $290,489
Other Liabilities$29,409$47,676▲ $18,267
Total Liabilities$2,522,091$1,732,511▼ $789,580
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$22,239,396$22,782,516▲ $543,120
Net Assets With Donor Restrictions$64,005$115,009▲ $51,004
Total Net Assets Fund Balance$22,303,401$22,897,525▲ $594,124
Total Liabilities and Net Assets / Fund Balance$24,825,492$24,630,036▼ $195,456

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,606,919$7,673,087$10,280,006
Buildings$4,870,632$4,345,217$9,215,849
Other Assets Org$12,438--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$7,000---$7,000
2020$7,000---$7,000
2019$7,000---$7,000
2018$7,000---$7,000
2017$7,000---$7,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Robert AltmanPresident & CEO (ex OfficiFT$248,215$68,582$316,797
Julie RaskinVP of Finance & AccountingFT$117,772$20,242$138,014
Keith MartinDirector of TechnologyFT$111,204$19,260$130,464
George HauensteinVice President and Chief DFT$118,670$11,400$130,070
Joseph TovaresVP, Chief Content and EngagementFT$105,457$12,112$117,569
Kathy BeamDirector of Corporate SuppFT$104,443$10,509$114,952
Chris WienkVice President, RadioFT$88,584$18,676$107,260

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Contributor Development PartnershipFundraising Service10 GUEST STREET, Boston, MA 02135$723,752
Complete Network SupportEditor14 KING PHILIP DRIVE, Old Orchard Beach, ME 04064$169,610
-It Support14 CORPORATE BLVD SUITE 217, Albany, NY 12211$116,323
Revenue and Support

Revenue Composition

Contributions and Grants
$9,119,665
Program Service Revenue
$628,744
Investment Income
$185,344
Other Revenue
$118,384
All Other Contributions
$7,961,221
Change in Net Assets
$1,819,297

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
Yes

Noncash Contributions

Contribution TypeContribution CountReported Amount
Cars and Other Vehicles169$33,529
Total Noncash Contributions169$33,529

Audited Revenue Reconciliation

Revenue per Audited Statements
$10,052,137
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-1,225,173
Total Revenue per Audited Statements
$8,826,964
Total Revenue per Form 990
$10,052,137
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,803,804
Salaries, Compensation, and Employee Benefits$3,429,036
Total Fundraising Expense$1,056,951
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,656,443$227,478$189,286$2,073,207
Fees for Services Other$628,839$67,901$324,445$1,021,185
Current Officers, Directors, Trustees, and Key Employees$346,071$173,035$173,035$692,141
Payroll Taxes$485,693$85,846$92,149$663,688
Depreciation Depletion$488,285$46,302$51,029$585,616
All Other Expenses$470,382$64,722$27,508$562,612
Occupancy$262,995--$262,995
Other Expenses$189,702$691$186,576$190,393
Fees for Services Management$34,825$86,598-$121,423
Office Expenses$109,342$4,228$2,043$115,613
Insurance-$105,525-$105,525
Travel$51,030$24,993$6,587$82,610
Information Technology$71,356$1,711$3,401$76,468
Advertising$1,739$5,616$892$8,247
Interest-$2,617-$2,617
Total Functional Expenses$6,156,390$1,019,499$1,056,951$8,232,840

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$8,232,840
Total Expenses per Audited Statements$8,232,840
Total Expenses per Form 990$8,232,840
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Charitable Gift Annuity Agreement$41,017
Current Installment of Charitable Gift Annuity Agreements$6,659

Bond Issues

BondIssuerIssuedIssue PricePurpose
ACivic Facility Revenue Bond Series 2003a2003-12-23$5,235,000Various construction projects for additions, improvements, and installation.

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$5,010,745--$104,700

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
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 B, Line 11B

The 990 is prepared by wmht's external auditors and wmht's vp of finance and accounting. The completed 990 is sent to the finance committee for review and discussion. Once the 990 is approved by the finance committee, it is sent to the full board for approval. The finance chair reviews the 990 with the board before it is approved.

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

The officers, directors and trustees are required to disclose annually any interests that could rise to conflicts. The executive committee is aware of these conflicts, and continually monitors any potential conflict.

Form 990, Part VI, Section B, Line 15

The executive committee annually reviews the salary of the chief executive officer. The committee uses sas and apts peer information and analysis of other public broadcasting stations 990 salary information.

Form 990, Part VI, Section C, Line 19

The audited financial statements are on the website. Also on the website are minutes from board meetings. All other governing documents are available by request at no charge.

Filing and Contact Details

Filer

Filer Name
Wmht Educational Telecommunications Inc
EIN
14-1400177
Phone
5188803400
Address
4 GLOBAL VIEW, TROY, NY 12180-8368

Signing Officer

Name
Anthony Hayes
Title
President
Phone
5188803446
Signed
2023-03-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Anthony Hayes
Formed
1967
Legal Domicile
Ny
Voting Board Members
23
Independent Board Members
22
Employees
46
Volunteers
100

Preparer

Firm
Bonadio & Co Llp
Address
6 WEMBLEY CT, ALBANY, NY 12205
Preparer
Kevin Testo
Phone
5184644080
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Professional services: program service expenses 628,839. Management and general expenses 67,901. Fundraising expenses 324,445. Total expenses 1,021,185.

FORM 990, PART XI, LINE 9:

Change in charitable gift annuity agreement -6,659. Equity gain on share of investee companies 41,511. Loss on sale of property and eqipment -1,009.

Part XII, Line 2C

The organization's audit oversight and selection processes have not changed since the prior year. The auditors of wmht are hired and evaluated by the audit committee.

Financial Statement Notes

PART V, LINE 4:

Donor restricted endowment funds have been set aside for long-term support of the organization.

PART X, LINE 2:

Wmht is exempt from income tax under section 501(c)(3) of the internal revenue code and comparable new york state law. Wmht has been classified as a publicly-supported organization that is not a private foundation.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Equity gain on share of investee companies 41,511. Change in charitable gift annuity agreements -6,659. Loss on sale of property and equipment -1,010.

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IRS990/Desc0WMHT PROVIDES WEEKLY LOCAL AND REGIONAL PROGRAMMING ON PUBLIC AFFAIRS, GOVERNMENT, BUSINESS, COOKING, HEALTH, ECONOMIC ISSUES AND ARTS IN NEW YORK'S CAPITAL REGION AND BEYOND.PROGRAMMING AT A GLANCESINCE 1953, WMHT PUBLIC MEDIA HAS PROVIDED PROGRAMS AND SERVICES TO OUR LOCAL COMMUNITIES THAT ENCOURAGE GROWTH AND LEARNING THROUGH THE POWER OF MEDIA. WE ENVISION A COMMUNITY CONFIDENT IN ITS IDENTITY, ITS POTENTIAL FULLY REALIZED, INSPIRED AND CONNECTED THROUGH TRUSTED PUBLIC MEDIA. IN 2022, WE CONTINUED TO ENGAGE OUR COMMUNITY WITH ROBUST CONTENT HIGHLIGHTING THE UNIQUE STORIES AND STRENGTHS HOUSED IN OUR DIVERSE REGION.PROGRAMMING HIGHLIGHTBRIDGING THE DIVIDEIN THE LATE 1970S, NEW YORK STATE DEPARTMENT OF TRANSPORTATION DEMOLISHED NINE BLOCKS OF A COMMERCIAL PROPERTY AND RESIDENTIAL RESIDENCES TO BUILD THE HOOSICK STREET BRIDGE. SOUTH OF THE BRIDGE SITS A HISTORIC VICTORIAN DOWNTOWN. TO THE NORTH, ONE OF THE AREA'S MOST DISINVESTED NEIGHBORHOODS, WHERE ACTIVISTS AND COMMUNITY ORGANIZERS WORK TO FOSTER A LIVABLE, WALKABLE, AND AFFORDABLE COMMUNITY, FREE FROM THE SHADOWS OF A DIVIDING LINE. THE CITY OF TROY WAS SELECTED AS ONE OF 16 CITIES NATIONWIDE TO RECEIVE A $25,000 GRANT FROM BLOOMBERG PHILANTHROPIES' ASPHALT ART INITIATIVE TO IMPLEMENT THE UNITING LINE PROJECT, A MURAL TO COVER THE PILLARS UNDER THE BRIDGE BY LOCAL ARTIST JADE WARRICK. WMHT PRODUCED A 30-MINUTE DOCUMENTARY COVERING THE ONGOING INITIATIVE, WITH A COMPREHENSIVE MULTI-PLATFORM CONTENT AND PROMOTIONAL CAMPAIGN TO DRIVE ENGAGEMENT.PROGRAMMING HIGHLIGHTTHE FUTURE OF WORKIS THE RIGHT TO WORK A HUMAN RIGHT? IS THE FUTURE OF WORK ABOUT ENTRENCHED HAVES AND HAVE-NOTS? WHAT ARE THE MERITS OF COLLEGE VS. TRAINING PROGRAMS IN PREPARING FOR THE JOBS OF TOMORROW? HOW DO WE PROTECT AND PRESERVE EMPLOYMENT OPPORTUNITIES THAT SUSTAIN FAMILIES, COMMUNITIES, AND THE NATION - FUNDAMENTAL ASPECTS OF THE AMERICAN DREAM? WMHT'S EXPLORATION OF THE FUTURE OF WORK EXPLORES THESE AND OTHER QUESTIONS WITH PROFILES OF MILLENNIAL, SINGLE-PARENT AND OTHER WORKERS, IN ADDITION TO LEADING ECONOMIC, EMPLOYMENT, TRAINING AND TECHNOLOGY EXPERTS TO LOOK AT THE WAYS WORK IS EVOLVING - AND WHY IT MATTERS.FEATURING EXCLUSIVE PANEL DISCUSSIONS WITH LEADING LOCAL EXPERTS, A TARGETED SOCIAL MEDIA CAMPAIGN SHARING THE REALITIES OF MODERN WORK, AND IN-THE-FIELD REPORTING THROUGH ORIGINAL VIDEO, THE FUTURE OF WORK WAS A MULTI-DEPARTMENT EFFORT AND A PROJECT CONTINUING INTO THE FUTURE AS WORK CONTINUES TO EVOLVE.FIELD TRIPWMHT'S FIELD TRIP IS A PUBLIC POWERED PROJECT. YOU TELL US ABOUT THE PLACES YOU LOVE, WE GO AND VISIT, AND YOUR EPISODE BECOMES A VIRTUAL POSTCARD FROM THE SPOTS THAT MAKE OUR REGION AMAZING. IN 2022, THE FIELD TRIP TEAM VISITED THE HISTORIC ALBANY RURAL CEMETERY FOR A GUIDED TOUR OF THE GROUNDS AND KEY BURIAL PLOTS THROUGHOUT THE PROPERTY.PROGRAMMING HIGHLIGHTTVFILMTVFILM IS AN ENGAGING SHOWCASE FOR SHORT, CREATIVE WORKS OF A DIVERSE REGIONAL COMMUNITY OF INDEPENDENT FILM AND MEDIA ARTISTS IN UPSTATE NEW YORK. TVFILM OFFERS FILMMAKERS IN OUR AREA THE CHANCE TO SHARE THEIR THOUGHTS ON THE CHALLENGES AND TRIUMPHS OF INDEPENDENT FILMMAKING. WE WELCOME SUBMISSIONS FROM ALL FILMMAKERS AND ENCOURAGE ENTRIES FROM WOMEN, BIPOC, DISABLED, AND OTHER TYPICALLY UNDERREPRESENTED FILMMAKERS. TVFILM SEASON 14 FEATURED A RECORD NUMBER OF FILMS FROM UNDERREPRESENTED FILMMAKERS ACROSS A VARIED SELECTION OF GENRES.AHA!WMHT'S WEEKLY ARTS AND CULTURE SHOW AHA! A HOUSE FOR ARTS, CONTINUED TO PUT A SPOTLIGHT ON REGIONAL ARTISTS OF ALL MEDIUMS AND STYLES. NOW IN ITS SIXTH SEASON, AHA INCLUDES A FULL HALF HOUR OF LOCAL CONTENT, HOSTED BY LARA AYAD, ASSISTANT PROFESSOR OF ART HISTORY AT SKIDMORE COLLEGE.EACH EPISODE FEATURES AN IN-THE-FIELD ARTIST PROFILE, A STUDIO INTERVIEW WITH EDUCATORS AND LEADERS OF LOCAL ARTS INSTITUTIONS, AND A PERFORMANCE BY A LOCAL MUSICIAN TO ROUND OUT EACH EPISODE. DESPITE ITS CRITICAL IMPORTANCE, STATE GOVERNMENT IS OFTEN OVERLOOKED BY MEDIA AS THEY FOCUS ON NATIONAL OR PURELY LOCA
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IRS990/Form990PartVIISectionAGrp/TitleTxt24VICE PRESIDENT AND CHIEF D
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IRS990/Form990PartVIISectionAGrp/TitleTxt26VP, CHIEF CONTENT AND ENGAGEMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt27DIRECTOR OF CORPORATE SUPP
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$30.4$1.20$29.2$10.5$9.38$1.08
2024Detailed filing. Detailed filing data is available for this year.$28.6$1.21$27.4$10.7$9.16$1.59
2023Detailed filing. Detailed filing data is available for this year.$26.2$1.72$24.5$9.44$8.74$0.70
2022Detailed filing. Detailed filing data is available for this year.$24.6$1.73$22.9$10.1$8.23$1.82
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$24.8$2.52$22.3$10.2$8.12$2.11
2020Detailed filing. Detailed filing data is available for this year.$21.8$2.76$19.0$9.32$8.41$0.91
2019Detailed filing. Detailed filing data is available for this year.$21.7$3.31$18.4$9.11$8.41$0.70
2018Detailed filing. Detailed filing data is available for this year.$21.3$3.77$17.5$9.66$7.96$1.70
2017Detailed filing. Detailed filing data is available for this year.$18.6$3.10$15.5$9.09$8.53$0.56
2016Detailed filing. Detailed filing data is available for this year.$18.2$3.71$14.5$8.63$9.06$0.43
2015Detailed filing. Detailed filing data is available for this year.$19.2$4.07$15.1$9.31$8.68$0.63
2014Detailed filing. Detailed filing data is available for this year.$20.3$4.97$15.3$7.87$8.40$0.52
2013Summary only. Only limited summary data is available for this year.$20.5$5.02$15.4$8.45$8.57$0.12
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.1$5.29$14.9$8.37
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.3$5.83$15.4$8.64
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.3$6.42$14.9$8.83