Civic Intelligence

Prx Incorporated

990 • Fiscal year 2024 • EIN 26-3347402

Jul 01, 2023 to Jun 30, 2024 • Filed on May 14, 2025

Organization ProfileWWW.PRX.ORG

View Organization Page

PO Box 382234Cambridge, MA 02238

(617) 576-5455

Siviq Scores

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

Liabilities / Assets

98th percentile

1.52x

Higher debt load relative to assets than 98% of similar nonprofits.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

72nd percentile

0.74x

Higher debt load relative to revenue than 72% of similar nonprofits.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

12th percentile

-17%

Higher net margin than 12% of similar nonprofits.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

85th percentile

$550,255

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 1.9% of source-year revenue.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2024

Asset Growth

9th percentile

-7.8%

Faster asset growth than 9% of similar nonprofits.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

24th percentile

-3.9%

Faster revenue growth than 24% of similar nonprofits.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets98th percentile

Assets

Down

$14,309,394

Down $4,933,878 (-26%) from 2022

Net Assets

Down

-$7,406,550

Down $10,533,279 (-337%) from 2022

Liabilities

Up

$21,715,944

Up $5,599,401 (+35%) from 2022

Revenue And Expenses
Liabilities / Revenue72nd percentileNet Margin12th percentile

Revenue

Down

$29,441,487

Down $10,587,688 (-26%) from 2022

Expenses

Down

$34,487,161

Down $4,514,059 (-12%) from 2022

Net Income

Down

-$5,045,674

Down $6,073,629 (-591%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth9th percentile

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

$30M$20M$10M$0-$10MAssets 2010: $1,130,326Liabilities 2010: $203,282Net Assets 2010: $927,0442010Assets 2011: $1,523,078Liabilities 2011: $418,356Net Assets 2011: $1,104,7222011Assets 2012: $1,265,643Liabilities 2012: $366,393Net Assets 2012: $899,2502012Assets 2013: $1,591,321Liabilities 2013: $608,678Net Assets 2013: $982,6432013Assets 2014: $2,356,485Liabilities 2014: $1,287,434Net Assets 2014: $1,069,0512014Assets 2015: $3,281,157Liabilities 2015: $2,114,571Net Assets 2015: $1,166,5862015Assets 2016: $4,035,255Liabilities 2016: $2,556,731Net Assets 2016: $1,478,5242016Assets 2017: $6,918,872Liabilities 2017: $5,262,179Net Assets 2017: $1,656,6932017Assets 2018: $10,223,208Liabilities 2018: $6,200,365Net Assets 2018: $4,022,8432018Assets 2020: $8,096,809Liabilities 2020: $5,939,804Net Assets 2020: $2,157,0052020Assets 2021: $13,859,995Liabilities 2021: $11,761,221Net Assets 2021: $2,098,7742021Assets 2022: $19,243,272Liabilities 2022: $16,116,543Net Assets 2022: $3,126,7292022Assets 2024: $14,309,394Liabilities 2024: $21,715,944Net Assets 2024: -$7,406,5502024

Highlighted filing

2024

Assets$14,309,394
Liabilities$21,715,944
Net Assets-$7,406,550
Open 2024 Filing

Operations Trend

Revenue Growth24th percentile

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

$60M$40M$20M$0-$20MExpenses 2010: $2,601,8762010Expenses 2011: $2,790,7232011Expenses 2012: $3,364,9642012Revenue 2013: $3,713,503Expenses 2013: $3,630,110Net Income 2013: $83,3932013Revenue 2014: $4,903,775Expenses 2014: $4,817,367Net Income 2014: $86,4082014Revenue 2015: $7,808,365Expenses 2015: $7,710,830Net Income 2015: $97,5352015Revenue 2016: $8,593,864Expenses 2016: $8,281,926Net Income 2016: $311,9382016Revenue 2017: $15,055,123Expenses 2017: $14,876,954Net Income 2017: $178,1692017Revenue 2018: $22,412,621Expenses 2018: $20,046,471Net Income 2018: $2,366,1502018Revenue 2020: $28,163,889Expenses 2020: $28,122,756Net Income 2020: $41,1332020Revenue 2021: $40,149,755Expenses 2021: $42,836,815Net Income 2021: -$2,687,0602021Revenue 2022: $40,029,175Expenses 2022: $39,001,220Net Income 2022: $1,027,9552022Revenue 2024: $29,441,487Expenses 2024: $34,487,161Net Income 2024: -$5,045,6742024

Highlighted filing

2024

Revenue$29,441,487
Expenses$34,487,161
Net Income-$5,045,674
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 14, 2025
Return Version
2023v6.0
Gross Receipts
$29,472,323
Mission and Program Overview

Mission

TO HELP DIVERSE VOICES AND STORIES REACH AND INFORM THE PUBLIC THROUGH prx'S INNOVATIVE DIGITAL PLATFORMS, APPLICATIONS AND SERVICES.

To lead changes that expand public media as a trusted source of knowledge, information, and inspiration for all.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$13,034,118$12,389,260▼ $644,858
Pledges and Grants Receivable$413,939$520,627▲ $106,688
Prepaid Expenses and Deferred Charges$840,514$478,643▼ $361,871
Cash and Non-Interest-Bearing Accounts$38,090$279,734▲ $241,644
Land, Buildings, and Equipment, Net$126,167$85,898▼ $40,269
Investments in Publicly Traded Securities$366,813$5,676▼ $361,137
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$15,512,470$14,309,394▼ $1,203,076
Other Assets Total$692,829$549,556▼ $143,273
Liabilities
Accounts Payable and Accrued Expenses$8,055,041$11,384,890▲ $3,329,849
Mortgage Notes Payable Secured by Investment Property$7,452,288$8,978,838▲ $1,526,550
Deferred Revenue$1,830,617$1,004,803▼ $825,814
Other Liabilities$531,505$347,413▼ $184,092
Total Liabilities$17,869,451$21,715,944▲ $3,846,493
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,063,434$1,083,154▲ $19,720
Net Assets Without Donor Restrictions$-3,420,415$-8,489,704▼ $5,069,289
Total Net Assets Fund Balance$-2,356,981$-7,406,550▼ $5,049,569
Total Liabilities and Net Assets / Fund Balance$15,512,470$14,309,394▼ $1,203,076

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$7,063$1,115,375$1,122,438
Leasehold Improvements$76,091$306,479$382,570
Other Land Buildings$2,744$224,531$227,275
Compensation and Service Providers
Top Officer Pay85th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Gina JamesVP-Srategic ImpactFT$414,750$13,927$428,677
Donna HardwickCMO thru 5/23FT$189,347$46,735$236,082
Dan LothianChair/GBH EP-$201,132$31,955$233,087
Andrew KuklewiczCTOFT$208,344$11,322$219,666
Audrey DavidsonVP-Rev PartnershipFT$164,408$20,046$184,454
Claudia PalmerDir/COO-gbh9/23-$79,781$100,348$180,129
Bruce WallaceExec ProducerFT$156,475$17,391$173,866
Cory ZaninCFO-$145,146$25,818$170,964
Byron GreenVP-DEI & AccessFT$143,536$22,814$166,350
Audrey MardavichExec ProducerFT$143,873$17,511$161,384

Board Members and Trustees

NameTitle
Kerri HoffmanPresident & CEO
Dete MeserveVice Chair
Ashton PeeryDirector
Betsy GardellaDirector
Betsy LehmanDirector
Daniel ShihDirector
Dierdre BlackDirector
Dodee CrockettDirector
Edward SchneiderDirector
Frank WashingtonDirector
Henry Becton JrDirector
Jen ElzieDirector
Judy WoodruffDirector
Karla MartinDirector
Kathy ChanDirector
Kyle ReisDirector
Kyra McGrathDirector
Lawrence WilkinsonDirector
Michael IsipDirector
Rachel FelixDirector
Richard GingrasDirector
Steven BassDirector
Tanya JonesDirector
Rishi JaitlyDirector thru 2/24
Jason SaldanhaCBusDev & CCO
Janetta StringfellowCDO
Shane MinerDir/COO-GBH
Jonathan C AbbottDir/GBH SAdvisr
Daniel RoutmanSecretary
Rima HyderTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
The MothProgram Services75 BROAD ST 26TH FL, New York, NY 10004$3,652,827
Ted Conferences LLCProgram Services330 HUDSON ST 11TH FL, New York, NY 10013$2,219,654
SoundriseProgram Services3131 E Clarendon Ave Ste 105, Phoenix, AZ 85016$1,282,127
This American LifeProgram Services153 WEST 27TH STREET STE 1104, New York, NY 10001$1,120,000
Translucence DBA Song ExploderProgram Services1617 N Ave 45, Los Angeles, CA 90041$758,135
Revenue and Support

Revenue Composition

Contributions and Grants
$7,352,231
Program Service Revenue
$22,088,759
Investment Income
$497
Other Revenue
$0
All Other Contributions
$7,155,580
Change in Net Assets
$-5,045,674

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded17$30,836Fair Market Value (FMV)
Total Noncash Contributions17$30,836-

Audited Revenue Reconciliation

Revenue per Audited Statements
$29,441,487
Revenue Not Reported on Form 990
$154,082
Total Revenue per Audited Statements
$29,595,569
Total Revenue per Form 990
$29,441,487
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$26,745,124
Salaries, Compensation, and Employee Benefits$7,742,037
Total Fundraising Expense$1,341,997
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,983,709$508,153$612,973$5,104,835
Current Officers, Directors, Trustees, and Key Employees$740,382$217,003$340,256$1,297,641
Advertising$823,292$503$32,392$856,187
Other Employee Benefits$427,841$84,537$100,179$612,557
Payroll Taxes$364,012$61,678$68,124$493,814
Interest$417,962$62,610$8,616$489,188
Travel$311,046$6,471$55,160$372,677
Information Technology$304,037$16,060$41,489$361,586
Occupancy$285,487$42,765$5,885$334,137
Fees for Services Other$271,705$3,680$11,047$286,432
Pension Plan Contributions$175,136$23,432$34,622$233,190
Fees for Services Accounting-$228,930-$228,930
Other Expenses$644,766$168,013-$168,013
All Other Expenses$106,863$4,282$29,401$140,546
Insurance$50,356$7,544$1,038$58,938
Depreciation Depletion$34,406$5,154$709$40,269
Fees for Services Legal$22,729$771$106$23,606
Total Functional Expenses$31,703,578$1,441,586$1,341,997$34,487,161

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$34,645,138
Expenses per Audited Statements$34,487,161
Total Expenses per Form 990$34,487,161
Expenses Not Reported on Form 990$157,977
International Activity

International Summary

Spending
$104,552

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
North AmericaProgram ServicesProductionContent Development00$66,795
EuropeProgram ServicesProductionContent Development00$26,815
East Asia and the PacificProgram ServicesProgram Distribution00$10,499
Sub-Saharan AfricaProgram ServicesContent Development00$443
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
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
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease liabilities$347,413
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Jonathan c. Abbott, claudia palmer, and shane miner are officers of wgbh educational foundation and directors of prx inc.ashton peery, kerri hoffman and cory zanin are trustees and officers of public radio international and officers of prx inc.”

Form 990, Part VI, Section A, Line 6

“Wgbh educational foundation is a sole member of the organization”

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

“The form 990 was reviewed for accuracy and content by prx management and was reviewed by an independent accounting firm and the return was provided to the full board prior to filing with the irs.”

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

“The organization annually requires all members of the board of directors to sign and reaffirm their commitment to maintaining strict compliance with the conflict of interest policy.”

Form 990, Part VI, Section B, Line 15A

“A board committee reviews and approves the ceo compensation utilizing the guidance from an outside, independent firm.”

Form 990, Part VI, Section B, Line 15B

“The ceo reviews and approves senior leadership team and key employees compensation utilizing the guidance of our compensation philosophy and an outside consultant.”

Form 990, Part VI, Section C, Line 19

“The governing documents, policies, and financial statements of the organization are available upon request. The tax returns are also available via independent third party websites.”

Filing and Contact Details

Filer

Filer Name
PRX Inc
EIN
26-3347402
Phone
6175765455
Address
PO BOX 382234, CAMBRIDGE, MA 02238

Signing Officer

Name
Kerri Hoffman
Title
President & CEO
Signed
2025-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kerri Hoffman
Formed
2009
Legal Domicile
Ma
Voting Board Members
28
Independent Board Members
24
Employees
57
Volunteers
25

Preparer

Firm
Wgbh Educational Foundation
Address
1 GUEST ST, BOSTON, MA 02135
Preparer
WGBH Educational Foundation
Phone
6173002000
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

“The organization is exempt from federal income taxes under section 501(c)(3) of the united states internal revenue code. Us gaap requires the organization to evaluate tax positions taken by the organization and recognize a tax liability (or asset) if the organization has taken an uncertain position that more likely than not would not be sustained upon examination by the internal revenue service (irs). The organization has analyzed the tax positions taken and has concluded that as of june 30, 2024, there are no significant uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements.”

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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/Desc0As a nonprofit public media company, PRX works in partnership with leading independent creators, organizations, and stations to bring meaningful audio storytelling into millions of listeners lives. PRX is one of the worlds top podcast publishers, public radio distributors, and audio producers, serving as an engine of innovation for public media and podcasting to help shape a vibrant future for creative and journalistic audio. Shows across PRXs portfolio of broadcast productions, podcast partners, and its Radiotopia podcast network have received recognition from the Peabody Awards, the Tribeca Festival, the International Documentary Association, and more, including in 2022 when Futuro Media and PRX won a Pulitzer Prize. PRXs partners include TED, the Smithsonian, GBH Boston, Radiotopia, This American Life, and many more.
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IRS990/Form990PartVIISectionAGrp/PersonNm4Jonathan C Abbott
IRS990/Form990PartVIISectionAGrp/PersonNm5Dan Lothian
IRS990/Form990PartVIISectionAGrp/PersonNm6Jason Saldanha
IRS990/Form990PartVIISectionAGrp/PersonNm7Janetta Stringfellow
IRS990/Form990PartVIISectionAGrp/PersonNm8Andrew Kuklewicz
IRS990/Form990PartVIISectionAGrp/PersonNm9Audrey Davidson
IRS990/Form990PartVIISectionAGrp/PersonNm10Donna Hardwick
IRS990/Form990PartVIISectionAGrp/PersonNm11Bruce Wallace
IRS990/Form990PartVIISectionAGrp/PersonNm12Gina James
IRS990/Form990PartVIISectionAGrp/PersonNm13Byron Green
IRS990/Form990PartVIISectionAGrp/PersonNm14Audrey Mardavich
IRS990/Form990PartVIISectionAGrp/PersonNm15Daniel Shih
IRS990/Form990PartVIISectionAGrp/PersonNm16Ashton Peery
IRS990/Form990PartVIISectionAGrp/PersonNm17Henry Becton Jr
IRS990/Form990PartVIISectionAGrp/PersonNm18Betsy Gardella
IRS990/Form990PartVIISectionAGrp/PersonNm19Kyle Reis
IRS990/Form990PartVIISectionAGrp/PersonNm20Kyra McGrath
IRS990/Form990PartVIISectionAGrp/PersonNm21Jen Elzie
IRS990/Form990PartVIISectionAGrp/PersonNm22Richard Gingras
IRS990/Form990PartVIISectionAGrp/PersonNm23Rima Hyder
IRS990/Form990PartVIISectionAGrp/PersonNm24Rachel Felix
IRS990/Form990PartVIISectionAGrp/PersonNm25Rishi Jaitly
IRS990/Form990PartVIISectionAGrp/PersonNm26Betsy Lehman
IRS990/Form990PartVIISectionAGrp/PersonNm27Steven Bass
IRS990/Form990PartVIISectionAGrp/PersonNm28Kathy Chan
IRS990/Form990PartVIISectionAGrp/PersonNm29Dierdre Black
IRS990/Form990PartVIISectionAGrp/PersonNm30Michael Isip
IRS990/Form990PartVIISectionAGrp/PersonNm31Dete Meserve
IRS990/Form990PartVIISectionAGrp/PersonNm32Dodee Crockett
IRS990/Form990PartVIISectionAGrp/PersonNm33Daniel Routman
IRS990/Form990PartVIISectionAGrp/PersonNm34Edward Schneider
IRS990/Form990PartVIISectionAGrp/PersonNm35Lawrence Wilkinson
IRS990/Form990PartVIISectionAGrp/PersonNm36Judy Woodruff
IRS990/Form990PartVIISectionAGrp/PersonNm37Tanya Jones
IRS990/Form990PartVIISectionAGrp/PersonNm38Karla Martin
IRS990/Form990PartVIISectionAGrp/PersonNm39Frank Washington
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Filings

Displayed year

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

Open filing
Assets
$14,309,394
Liabilities
$21,715,944
Net assets
-$7,406,550
Revenue
$29,441,487
Expenses
$34,487,161
Net income
-$5,045,674
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$14.3$21.7$7.41$29.4$34.5$5.05
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.2$16.1$3.13$40.0$39.0$1.03
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.9$11.8$2.10$40.1$42.8$2.69
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.10$5.94$2.16$28.2$28.1$0.04
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.2$6.20$4.02$22.4$20.0$2.37
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.92$5.26$1.66$15.1$14.9$0.18
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.04$2.56$1.48$8.59$8.28$0.31
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.28$2.11$1.17$7.81$7.71$0.10
2014Detailed filing. Detailed filing data is available for this year.$2.36$1.29$1.07$4.90$4.82$0.09
2013Detailed filing. Detailed filing data is available for this year.$1.59$0.61$0.98$3.71$3.63$0.08
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.27$0.37$0.90$3.36
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.52$0.42$1.10$2.79
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.13$0.20$0.93$2.60