Civic Intelligence

Wqed Multimedia

990 • Fiscal year 2017 • EIN 25-1010296

Oct 01, 2016 to Sep 30, 2017 • Filed on Jun 11, 2018

4802 Fifth AvenuePittsburgh, PA 15213

(412) 622-1300

Siviq Scores

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

Liabilities / Assets

36th percentile

0.10x

Higher debt load relative to assets than 36% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

30th percentile

0.10x

Higher debt load relative to revenue than 30% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Net Margin

90th percentile

45%

Higher net margin than 90% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

84th percentile

$346,853

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 1.7% of source-year revenue.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Asset Growth

90th percentile

31%

Faster asset growth than 90% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

92nd percentile

91%

Faster revenue growth than 92% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Assets

Up

$21,495,900

Up $5,089,704 (+31%) from 2016

Net Assets

Up

$19,340,186

Up $10,020,766 (+108%) from 2016

Liabilities

Down

$2,155,714

Down $4,931,062 (-70%) from 2016

Revenue

Up

$20,637,820

Up $9,817,328 (+91%) from 2016

Expenses

Up

$11,265,120

Up $176,111 (+1.6%) from 2016

Net Income

Up

$9,372,700

Up $9,641,217 (+3591%) from 2016

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2010: $17,861,523Liabilities 2010: $8,638,453Net Assets 2010: $9,223,0702010Assets 2011: $18,528,112Liabilities 2011: $8,292,541Net Assets 2011: $10,235,5712011Assets 2012: $19,257,776Liabilities 2012: $8,440,860Net Assets 2012: $10,816,9162012Assets 2013: $19,117,222Liabilities 2013: $8,889,724Net Assets 2013: $10,227,4982013Assets 2014: $19,253,541Liabilities 2014: $8,016,035Net Assets 2014: $11,237,5062014Assets 2015: $17,405,427Liabilities 2015: $8,060,068Net Assets 2015: $9,345,3592015Assets 2016: $16,406,196Liabilities 2016: $7,086,776Net Assets 2016: $9,319,4202016Assets 2017: $21,495,900Liabilities 2017: $2,155,714Net Assets 2017: $19,340,1862017Assets 2018: $21,696,161Liabilities 2018: $1,978,067Net Assets 2018: $19,718,0942018Assets 2019: $20,914,512Liabilities 2019: $1,754,293Net Assets 2019: $19,160,2192019Assets 2020: $22,259,511Liabilities 2020: $2,876,136Net Assets 2020: $19,383,3752020Assets 2021: $26,860,609Liabilities 2021: $1,730,880Net Assets 2021: $25,129,7292021Assets 2022: $24,198,296Liabilities 2022: $1,736,560Net Assets 2022: $22,461,7362022Assets 2023: $25,327,018Liabilities 2023: $2,187,470Net Assets 2023: $23,139,5482023Assets 2024: $26,742,898Liabilities 2024: $1,997,506Net Assets 2024: $24,745,3922024

Highlighted filing

2017

Assets$21,495,900
Liabilities$2,155,714
Net Assets$19,340,186

Operations Trend

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

$30M$20M$10M$0-$10MExpenses 2010: $15,776,6192010Expenses 2011: $15,577,0572011Expenses 2012: $13,966,2762012Expenses 2013: $13,889,8442013Revenue 2014: $14,819,634Expenses 2014: $13,827,715Net Income 2014: $991,9192014Revenue 2015: $11,287,043Expenses 2015: $12,678,762Net Income 2015: -$1,391,7192015Revenue 2016: $10,820,492Expenses 2016: $11,089,009Net Income 2016: -$268,5172016Revenue 2017: $20,637,820Expenses 2017: $11,265,120Net Income 2017: $9,372,7002017Revenue 2018: $12,446,190Expenses 2018: $11,367,381Net Income 2018: $1,078,8092018Revenue 2019: $12,625,598Expenses 2019: $12,425,818Net Income 2019: $199,7802019Revenue 2020: $11,982,380Expenses 2020: $12,216,036Net Income 2020: -$233,6562020Revenue 2021: $15,875,013Expenses 2021: $11,602,414Net Income 2021: $4,272,5992021Revenue 2022: $13,544,189Expenses 2022: $12,870,923Net Income 2022: $673,2662022Revenue 2023: $12,826,584Expenses 2023: $13,437,270Net Income 2023: -$610,6862023Revenue 2024: $13,231,992Expenses 2024: $13,722,691Net Income 2024: -$490,6992024

Highlighted filing

2017

Revenue$20,637,820
Expenses$11,265,120
Net Income$9,372,700
Jump To
Filing Snapshot
Filing Period
Oct 1, 2016 to Sep 30, 2017
Signed
Jun 11, 2018
Return Version
2016v3.0
Gross Receipts
$21,201,083
Mission and Program Overview

Mission

Wqed multimedia (wqed) is a nonprofit corporation whose purpose is to harness the power of public media and partnerships for the digital age in order to create and share outstanding public media that educates, entertains and inspires.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$7,178,688$9,511,374▲ $2,332,686
Land, Buildings, and Equipment, Net$6,086,786$5,499,167▼ $587,619
Cash and Non-Interest-Bearing Accounts$-123,594$3,281,993▲ $3,405,587
Pledges and Grants Receivable$2,700,891$2,085,557▼ $615,334
Savings and Temporary Cash Investments$242,402$790,098▲ $547,696
Accounts Receivable$164,403$208,583▲ $44,180
Prepaid Expenses and Deferred Charges$156,620$119,128▼ $37,492
Total Assets$16,406,196$21,495,900▲ $5,089,704
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,255,160$0▼ $4,255,160
Accounts Payable and Accrued Expenses$2,620,069$2,047,682▼ $572,387
Deferred Revenue$211,547$108,032▼ $103,515
Total Liabilities$7,086,776$2,155,714▼ $4,931,062
Net Assets / Fund Balance
Unrestricted Net Assets$-1,731,832$8,405,949▲ $10,137,781
Temporarily Rstr Net Assets$5,816,254$5,699,239▼ $117,015
Permanently Rstr Net Assets$5,234,998$5,234,998→ $0
Total Net Assets Fund Balance$9,319,420$19,340,186▲ $10,020,766
Total Liabilities and Net Assets / Fund Balance$16,406,196$21,495,900▲ $5,089,704

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$3,792,361$5,922,835$9,715,196
Equipment$518,016$8,655,388$9,173,404
Buildings$1,188,490$5,637,194$6,825,684
Land$300-$300

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$6,654,887$1,917,625▲ $830,558$283,251$9,119,819
2015$6,482,661-▲ $483,846$311,620$6,654,887
2014$6,939,879-▼ $174,013$283,205$6,482,661
2013$7,461,980-▲ $727,899$1,250,000$6,939,879
2012$6,882,183-▲ $852,693$272,896$7,461,980
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Deborah L AcklinPresident and CEOFT$196,018$150,835$346,853
Darryl Ford-williamsVP ProductionFT$124,006$4,624$128,630
Lilli MoscoVP MembershipFT$114,439$12,274$126,713
Richard SebakExecutive ProducerFT$106,885$11,901$118,786
Paul ByersEngineering ChiefFT$106,701$5,006$111,707
Mike WaruszewskiFinance DirectorFT$75,946$22,285$98,231

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Wgbh Educational FoundationMembership Data SystemONE GUEST STREET, Boston, MA 02135$495,927
Forest IncentivesPledge Premiums In House790 JACKSONVILLE RD, Warminster, PA 18794$424,347
Revenue and Support

Revenue Composition

Contributions and Grants
$7,049,619
Program Service Revenue
$1,735,206
Investment Income
$301,842
Other Revenue
$11,551,153
All Other Contributions
$253,132
Change in Net Assets
$9,372,700

Audited Revenue Reconciliation

Revenue per Audited Statements
$20,194,400
Revenue Not Reported on Financial Statements
$443,420
Revenue Not Reported on Form 990
$1,009,169
Other Revenue Adjustments
$443,420
Total Revenue per Audited Statements
$21,203,569
Total Revenue per Form 990
$20,637,820
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$6,178,777
Salaries, Compensation, and Employee Benefits$4,338,100
Total Fundraising Expense$3,088,354
Professional Fundraising Fees$748,243
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,248,610$390,799$1,009,479$2,648,888
Fees for Services Other$512,399$487,020$18,735$1,018,154
Fees for Services Professional Fundraising--$748,243$748,243
Depreciation Depletion$498,431$195,866-$694,297
Office Expenses$273,529$23,104$375,691$672,324
Occupancy$254,254$329,030$4,045$587,329
Other Employee Benefits$333,673$70,616$125,971$530,260
Current Officers, Directors, Trustees, and Key Employees$472,951$43,453-$516,404
Advertising$41,883$1,549$447,481$490,913
Pension Plan Contributions$44,003$274,354$14,677$333,034
Payroll Taxes$197,465$20,937$91,112$309,514
All Other Expenses$97,465$38,913$119,380$255,758
Travel$91,531$20,269$46,801$158,601
Interest-$66,070-$66,070
Fees for Services Accounting$56,157--$56,157
Fees for Service Investment Mgmnt Fees$42,436--$42,436
Fees for Services Lobbying--$39,255$39,255
Conferences and Meetings$14,807$1,859$3,155$19,821
Insurance-$19,366-$19,366
Fees for Services Legal$17,509--$17,509
Other Expenses$1,230$8,655$27,910$1,230
Total Functional Expenses$6,115,158$2,061,608$3,088,354$11,265,120

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$11,265,120
Total Expenses per Audited Statements$11,182,803
Expenses per Audited Statements$10,821,700
Expenses Not Reported on Financial Statements$443,420
Other Expense Adjustments$443,420
Expenses Not Reported on Form 990$361,103
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$748,243
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
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 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

Financial management reviews a copy of the draft form 990. Upon their review, the finance, business and operations committee reviews an online copy posted to the board portal. A quorom of the committee discusses and approves the return in a conference call or meeting. Subsequent to approval by the finance, business and operations committee all members of the board review the final 990 by accessing the board portal before it is filed.

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

Every year each board member is required to complete a new conflicts questionnaire which addresses all the points in the conflict of interest policy. The forms are reviewed and monitored by financial manegement.

Form 990, Part VI, Section B, Line 15

Wqed multimedia is a public tv and radio operator of which there is a larger network; therefore based on the type and demographics, there is comparable compensation available on an ongoing basis. Every three or four years, or as deemed necessary, an independent salary consultant does a survey to make sure that compensation is within the market range of comparable organizations. The executive committee of the board approves the executive compensation annually for the organization and also approves a sum of money that can be used for general staff raises if applicable. Compensation amounts for general staff are agreed upon by department heads and human resources using the findings of the independent consultant and comparable data for similar oranizations as a guideline. All compensation amounts are based on market rates and are determined to be reasonable.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, conflict of interest policy, and financial statements are available to the public upon written request.

FORM 990, PART VIII, MISCELLANEOUS REVENUE, FCC INCENTIVE AUCTION PROCEEDS:

In july 2017, wqed was awarded approximately $9.4 million in net proceeds from the fcc reverse broadcast spectrum incentive auction. These proceeds enabled wqed to retire its debt, reimburse funds borrowed from the endowment, contribute additional funds to the retirement plan, and to cover technical and equipment costs, estimated to be $1,000,000, to move wqed's spectrum position.

Filing and Contact Details

Filer

Filer Name
Wqed Multimedia
EIN
25-1010296
Phone
4126221300
Address
4802 FIFTH AVENUE, PITTSBURGH, PA 15213

Signing Officer

Name
Deborah Acklin
Title
President & CEO
Phone
4126221300
Signed
2018-06-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Deborah Acklin
Formed
1953
Legal Domicile
Pa
Voting Board Members
22
Independent Board Members
21
Employees
117
Volunteers
44

Preparer

Firm
Schneider Downs & Co Inc
Address
ONE PPG PLACE SUITE 1700, PITTSBURGH, PA 15222
Preparer
Susan M Kirsch
Phone
4122613644
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4A

The wqed pbs kids channel wqed launched the wqed pbs kids channel https://www.wqed.org/education/schedule on january 16, 2017. The free service is a completely new tv channel on over-the-air 13.5 and is available on cable and fiber optic systems throughout the region. Children's hospital of pittsburgh of upmc is the premiere sponsor of the wqed pbs kids channel, with additional support from the grable foundation. The new channel is wqed's latest initiative to support early learning in the community and provide multiple platforms for content. Wqed pbs kids broadcasts 24 hours a day and offers a live stream, making it easy for children to watch their favorite series during primetime and other after-school hours when viewing among families is high. With the addition of wqed pbs kids channel, wqed now offers 238 hours of quality educational children's television programming every week. Hope after heroin shines a light on a regional crisis from 2002 to 2013, heroin-related overdose deaths in the united states increased more than 280 percent - and the pittsburgh region hasn't escaped the drug's vicious grip. Wqed examined the local crisis in a new documentary, hope after heroin: the epidemic in our backyard.. The documentary was followed by a live community discussion, hope after heroin: fighting the epidemic in the fred rogers studio. Both programs are available at wqed interactive at www.wqed.org/heroin. At 9pm, the community discussion continued on wqed interactive only. More than 150 people participated in a live panel and audience discussion following the documentary. People who have experienced addiction - themselves or through a loved one - shared their stories of struggle, stigma and loss. They also showed how they've managed to use their pain as a catalyst for change - providing hope for those struggling with the disease of addiction. Local organizations featured in the documentary include sage's army, not one more - pittsburgh and gateway rehabilitation. The documentary was narrated by michael bartley. The community conversation featured a panel and audience of informed participants from nearly every county in southwestern pennsylvania. The discussion centered on efforts to deal with the heroin crisis as well as initiatives already in place, or in the process of being implemented. Moderator chris moore welcomed panelists state representative ed gainey, (d) 24th legislative district, allegheny county; state representative jason ortitay, (r) 46th legislative district, washington & allegheny counties; dr. Jan pringle, university of pittsburgh school of pharmacy; and addiction support advocate sharon jones. Mental health initiative continues with new local documentary before stage four: confronting early psychosis building on a multi-year initiative to educate and promote understanding of mental health issues in the community, wqed premiered before stage four: confronting early psychosis a new documentary that focuses on early detection and treatment. This documentary focused on personal stories and featured fep early treatment programs that are literally saving young lives - and fascinating upmc brain studies that could predict who will become psychotic so that families can intervene "before stage four." before stage four: confronting early psychosis is part of wqed's living with mental illness initiative and is available at www.wqed.org/mentalillness the website also includes wqed digital first video shorts on important facts families should know about first-episode psychosis and links to resources for families seeking help and information. Wqed has centralized its substantial inventory of locally-produced mental health documentaries at www.wqed.org/mentalillness with award-winning productions including: losing lambert: a journey through survival and hope (teen suicide) long road home (veterans coping with ptsd) rose's garden: surviving my mother's mental illness (impact on families) bundle of nerves: our anxiety epidemic ne

Form 990, Part III, Line 4A

Filmmakers corner's eighth season featured local independent productions filmmakers corner returned in 2017 for its eighth season, presenting original work by a gallery of the region's most talented students, independent artists and filmmakers. The season premiere screened four films: guardians, featuring actor-producer rejeana palma, the end of blessings by point park university's john rice, the beat goes on by randy kovitz, and happy birthday to me, which also took first place in this year's 48 hour film project. Also this season on filmmakers corner, host minette seate interviewed kathryn spitz cohan, executive director of film pittsburgh, the sponsoring organization for the jfilm and reelabilities festivals talks about film pittsburgh and the 2017 jfilm festival. A new film from the dravosburg community archives: silent tales from richland cemetery, a journey through one cemetery's rich history. This episode also featured two new short films: mark notarberardino's suspenseful short the next shot you hear and dave petti's dark comedy all swans are white. Minette seate interviewed david bernabo, a multi-disciplinary artist and screened his film: food systems pittsburgh. The four chapter film uses lush visuals as it examines the many ways we interact with food. Sabira bushra, producer of the sembene arts and film festival was interviewed to talk about sembene's current season and their new collaboration with city of asylum. A "best of" film, anthony poremski's award winning steeltown entertainment film escape from st. Quentin's. Minette seate interviewed composer/director/ videographer emmai alaquiva on his past work and screened his newest film. Alaquiva traveled to poland with the non-profit educational organization classrooms without borders and a group of local students to document their journey to learn the lesson and legacy of the holocaust. That's a lot! Featured interesting things in the region wqed traveled through the pittsburgh region to find stories that boast a bundle of goods - in factories, offbeat museums, quirky collections and more in that's a lot! Https://www.wqed.org/thatsalot. This documentary featured pinball perfection with its giant treasure of pinball machines; dellalo's italian marketplace, a massive importer and distributor of olives; bicycle heaven with the world's largest bicycle museum and shop; the pymatuning spillway with a frenzy of fish; and st. Anthony's chapel, home to the largest collection of relics outside of the vatican. Segments of the program were posted to wqed's facebook page beginning december 12. Volunteers: a call to serve highlights local volunteerism western pennsylvania has a rich history of volunteerism and wqed highlighted three volunteers who are helping their community in volunteers: a call to serve https://www.wqed.org/tv/watch/specials/volunteers-call-serve this documentary focuses on three local volunteers who give their time in very different ways: john edward hutchinson of the greensburg vfd is believed to be the nation's oldest-living volunteer fire chief; former pittsburgh steeler charlie batch combines athletics and academics in a highly-successful program for at-risk youth; and linda lafferty organizes blessings in a backpack in wilkinsburg, providing food for students who might not have a meal waiting at home. Pittsburgh's melting pot mission looks at local immigration the melting pot of the early 1900s helped build pittsburgh. But today, city leaders struggle to attract and retain an immigrant population. Beyond the immigrants, the region must integrate a growing number of refugees. Studies show that cities thrive economically, socially and culturally with active programs that welcome and retain new arrivals. Pittsburgh's melting pot mission https://www.wqed.org/tv/watch/specials/pittsburghs-melting-pot-mission aired october 13. This new local documentary introduced the people and organizations working on this important mission - and shows how immigrants and ref

Form 990, Part III, Line 4A

Wqed spread the word and encouraged participation in thoughtful, productive conversations that matter to the entire community. Those conversations were held in october at community forums in downtown pittsburgh and washington, pa. Online forums were open two weeks in advance of the broadcast and the conversation continues at wqed's virtual public square at www.wqed.org/think, in social media on facebook and on twitter at #thinkpgh. The project culminated with the broadcast of think! Guns in a free society on november 17 on wqed and online at www.wqed.org/think with host chris moore. The first topic in this ongoing series was guns in a free society. The conversations did not focus on politics or second amendment issues. Instead, the conversation explored productive ideas for living with guns in a free society. The discussion focused on the following three areas: mental health and guns promoting gun safety as a cultural norm the economic impact of guns in our communities wqed's community partners for guns in a free society were the league of women voters of greater pittsburgh and public source. Second think! Initiative focuses on equity and opportunity in pittsburgh wqed, in partnership with the art of democracy, held the second in an ambitious original series of multi-platform initiatives in april. The project culminated with the broadcast of think! Equity and opportunity in april 2017 on wqed-tv and on www.wqed.org/think with co-hosts chris moore and lisa washington. The conversation continued online at www.wqed.org/think, where think! Equity and opportunity streamed for viewers after the television broadcast ended. Online forums were open prior to broadcast and the public provided thoughts and shared their experience on how to promote equity and opportunity in the region at wqed's virtual public square at www.wqed.org/think, in social media on facebook and on twitter at #thinkpgh. Think! Community forums were facilitated by the art of democracy to encourage participants to engage in thoughtful, productive conversations that matter to the entire community. Those conversations were held in february at the hill house association and in march at the gay and lesbian community center. Wqed's community partners for think! Equity and opportunity were the city of pittsburgh's inclusive innovation week and public source. Think! Poverty in western pennsylvania wqed third think! Initiative was held in december 2017. The many voices taking part in wqed's poverty initiative over the past four months coalesced in an hour-long broadcast from the fred rogers studio where civic leaders and community members came together for this culminating event. The program was televised and streamed live online. Https://wqed.org/tv/highlights/think-poverty-western-pennsylvania. State of black pittsburgh 2017: a community forum wqed, in partnership with the urban league of greater pittsburgh, presented the state of black pittsburgh, a live town hall forum on the urban league's annual examination of political, social and economic conditions that impact the state of black pittsburgh in june 2017. Https://www.wqed.org/tv/watch/specials/state-black-pittsburgh-community this live community forum examined the "state of black pittsburgh and facilitated discussion on how the city's african american community can meet the challenges of an evolving pittsburgh. Discussion topics included: strengthening our communities; young black pittsburgh and fostering a diverse workforce. The program included a robust social media presence throughout the evening, with #sbpgh trending on twitter. Viewers were tweeting their comments and asking about resources and sharing video. The program was hosted by chris moore, co-hosted by lisa washington and featured esther bush, president of the urban league of greater pittsburgh. Wqed-fm classical wqed-fm continued as "the voice of the arts in western pennsylvania," offering classical and fine arts and cultural programs to its 61,000 weekl

Form 990, Part III, Line 4A

Wqed and the fred rogers company worked collaboratively to develop the very first be my neighbor day in conjunction with the united way. Hundreds of local families participated in volunteer activities, including decorating squares to be sewn into quilts for local veterans; planting sunflowers in decorative pots for seniors; creating literacy kits and making trail mix as a healthy snack for local children; and more. Families also engaged in activities that simulate what it would be like to have a disability, meet with first responders, and create masks of some of their favorite wqed characters. Community events when i'm 65 screening wqed hosted a community screening and panel discussion for the american public television (apt) program when i'm 65 on april 26, 2017. The event was followed by an informative discussion about investments before and during retirement and included speakers from aarp, hefren tillotson, teachers, and banking and securities representatives. Victoria event more than 150 guests attended wqed's victoria event on may 24, 2017 at the mansions on fifth in shadyside. The mansion was the perfect victorian setting and included creative guests who dressed in period costume, scrumptious food, and a young queen victoria (played to perfection by carnegie mellon university musical theater student caroline mixon). Music was provided by amadeus quintet. Solar eclipse over wqed this summer's solar eclipse created a lot of excitement across the country, and wqed capitalized on that interest with an eclipse party at the station on august 21, 2017. More than 200 people came for the party that included a live feed from nasa in the fred rogers studio, as well as a short session on kundalini yoga, where a certified instructor led sessions for people in studio b (there is a correlation between the eclipse and how it affects moods) and louise sturgess from pittsburgh history and landmarks foundation was on hand to give a talk about how pittsburgh has changed since similar eclipses in 1918 and 1979. Attendees then moved to the wqed parking lot to view this rare event through special glasses. Next generation fellows one of wqed's outreach efforts is the next generation fellows project, an in-house four-year fellowship program with the goal of guiding a new generation of media makers. The program seeks to enhance the skill set of college students and community media makers by providing actual working experience for emerging creators. Four individuals participated in the training program this year. Fellows learn about the editorial process by developing, researching, writing, shooting and editing their own productions. Fellows are mentored by wqed senior producers and are given the opportunity to learn the finer points of editing, sound mixing, and videography and post production by wqed's award-winning production and media team. Each year, wqed focuses on one city of pittsburgh neighborhood. In 2017, wqed and its fellows focused on pittsburgh's hazelwood neighborhood. Each new fellow was encouraged to find facets of the neighborhood that "speak" to them, and develop a documentary (and often more than one) to be featured on the wqed web page and on pctv. These profiles help illuminate the community and its people while helping the fellows hone their skills as they work toward becoming documentary filmmakers. Design lives here students and educators attended design lives here events at inventionland and the wqed studio; students worked with engineers, mentors and inventors. Design lives here is a student outreach program based on the pbs show design squad nation, a reality-style program created to "inspire the next generation of engineers." the original show featured teens engaged in challenges all over the united states and globe, vying for available scholarships by engaging in the engineering design process to discover solutions that addressed various challenges which occur in the complex, yet compelling, world of engineering. Thi

FORM 990, PART XII, QUESTION 2C, OVERSIGHT OF FINANCIAL STATEMENT AUDIT:

The organization did not change either its oversight process or selection process during the tax year.

Financial Statement Notes

PART V, LINE 4:

Wqed's endowment consists of various investment funds established primarily for support of the organization's mission. Its endowment includes donor-restricted endowment funds and board-designated quasi-endowment funds. As required by generally accepted accounting principles, net assets associated with endowment funds, including funds designated by wqed to function as endowments, are classified and reported based on the existence or absence of donor-imposed restrictions. The trustees of wqed have elected to be governed by the commonwealth of pennsylvania's act 141 (act 141). Act 141 is a total return policy that allows a nonprofit to choose to treat a percentage of the average market value of the endowment's permanently restricted investments as income each year. However, the long-term preservation of the real value of the assets must be taken into consideration when the board elects the amount. On an annual basis, the trustees of the board, in writing, must elect a spending rate of between 2% and 7%. In accordance with act 141, wqed annually transfers between 4% and 7% of the previous 12 quarters' market value average of the permanently restricted endowment fund. This percentage is applied to a 12-quarter average market value of the investments at june 30 of the previous year. Wqed classifies as permanently restricted net assets the original value of gifts donated to the permanent endowment. In accordance with act 141, wqed has adopted a written investment policy, of which a section specifically relates to the endowment fund. As of september 30, 2016, wqed had net borrowings of $1,917,625 from the program development seed fund, which was established as a revolving production fund from which funds could be borrowed and repaid to complete the production of programs. Original borrowings, dating from 1993 and 1996, were $4,500,000 and have been reduced by transfers from operating funds and releases of donor restrictions, and was classified against the unrestricted board designated amounts. In 2017, wqed repaid these borrowings in full. The repayment of the borrowing is reported in part v, line 1b, contributions.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Cost of goods sold 15,349.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Reclass of auction proceed transactions 443,420.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Cost of goods sold 15,349.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Auction proceeds 443,420.

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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/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd01
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt04547194
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0WQED MULTIMEDIA (WQED) IS A NONPROFIT CORPORATION WHOSE PURPOSE IS TO HARNESS THE POWER OF PUBLIC MEDIA AND PARTNERSHIPS FOR THE DIGITAL AGE IN ORDER TO CREATE AND SHARE OUTSTANDING PUBLIC MEDIA THAT EDUCATES, ENTERTAINS AND INSPIRES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt04255160
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt09319420
IRS990/NetAssetsOrFundBalancesEOYAmt019340186
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt098899
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt098899
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt032868
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt032868
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt01253770
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt01394840
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt0141070
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0648066
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt04045
IRS990/OccupancyGrp/ManagementAndGeneralAmt0329030
IRS990/OccupancyGrp/ProgramServicesAmt0254254
IRS990/OccupancyGrp/TotalAmt0587329
IRS990/OfficeExpensesGrp/FundraisingAmt0375691
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt023104

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$26.7$2.00$24.7$13.2$13.7$0.49
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$25.3$2.19$23.1$12.8$13.4$0.61
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$24.2$1.74$22.5$13.5$12.9$0.67
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$26.9$1.73$25.1$15.9$11.6$4.27
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$22.3$2.88$19.4$12.0$12.2$0.23
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$20.9$1.75$19.2$12.6$12.4$0.20
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.7$1.98$19.7$12.4$11.4$1.08
2017Detailed filing. Detailed filing data is available for this year.$21.5$2.16$19.3$20.6$11.3$9.37
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.4$7.09$9.32$10.8$11.1$0.27
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$17.4$8.06$9.35$11.3$12.7$1.39
2014Detailed filing. Detailed filing data is available for this year.$19.3$8.02$11.2$14.8$13.8$0.99
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.1$8.89$10.2$13.9
2012XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$19.3$8.44$10.8$14.0
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.5$8.29$10.2$15.6
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.9$8.64$9.22$15.8