Civic Intelligence

Metropolitan Indianapolis Public Media Inc

EIN 35-1147600 • 501(c)3 • Indianapolis, IN

Profile

Trusted journalism, inspiring stories and lifelong learning.

Refreshing map…

1630 N Meridian StIndianapolis, IN 46202

www.wfyi.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

56th percentile

0.24x

Higher debt load relative to assets than 56% of similar nonprofits.

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

Liabilities / Revenue

60th percentile

0.34x

Higher debt load relative to revenue than 60% of similar nonprofits.

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

Net Margin

23rd percentile

-5.5%

Higher net margin than 23% of similar nonprofits.

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

Top Officer Pay

85th percentile

$274,012

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 1.8% of source-year revenue.

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

Asset Growth

19th percentile

-3.9%

Faster asset growth than 19% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2024

Revenue Growth

20th percentile

-9.4%

Faster revenue growth than 20% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2024

Assets

Down

$21,578,298

Down $1,779,886 (-7.6%) from 2022

Liabilities

Down

$5,146,874

Down $531,830 (-9.4%) from 2022

Net Assets

Down

$16,431,424

Down $1,248,056 (-7.1%) from 2022

Revenue

Down

$15,164,303

Down $3,324,227 (-18%) from 2022

Expenses

Up

$15,993,497

Up $1,356,369 (+9.3%) from 2022

Net Income

Down

-$829,194

Down $4,680,596 (-122%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30M$20M$10M$0Assets 2010: $18,690,013Liabilities 2010: $2,459,711Net Assets 2010: $16,230,3022010Assets 2011: $18,209,846Liabilities 2011: $2,671,266Net Assets 2011: $15,538,5802011Assets 2012: $20,400,046Liabilities 2012: $1,726,353Net Assets 2012: $18,673,6932012Assets 2013: $19,463,615Liabilities 2013: $1,964,910Net Assets 2013: $17,498,7052013Assets 2014: $6,769,544Liabilities 2014: $3,204,291Net Assets 2014: $3,565,2532014Assets 2015: $7,001,679Liabilities 2015: $3,515,758Net Assets 2015: $3,485,9212015Assets 2016: $13,891,968Liabilities 2016: $2,963,857Net Assets 2016: $10,928,1112016Assets 2018: $14,594,075Liabilities 2018: $2,768,765Net Assets 2018: $11,825,3102018Assets 2019: $14,302,280Liabilities 2019: $2,683,788Net Assets 2019: $11,618,4922019Assets 2020: $14,658,479Liabilities 2020: $3,651,613Net Assets 2020: $11,006,8662020Assets 2021: $17,731,551Liabilities 2021: $3,903,473Net Assets 2021: $13,828,0782021Assets 2022: $23,358,184Liabilities 2022: $5,678,704Net Assets 2022: $17,679,4802022Assets 2024: $21,578,298Liabilities 2024: $5,146,874Net Assets 2024: $16,431,4242024

Highlighted filing

2024

Assets$21,578,298
Liabilities$5,146,874
Net Assets$16,431,424

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$30M$20M$10M$0-$10M-$20MExpenses 2010: $9,355,5472010Expenses 2011: $9,526,0422011Expenses 2012: $10,073,7072012Expenses 2013: $10,867,9112013Revenue 2014: $10,851,007Expenses 2014: $24,796,268Net Income 2014: -$13,945,2612014Revenue 2015: $11,243,054Expenses 2015: $11,320,561Net Income 2015: -$77,5072015Revenue 2016: $12,102,877Expenses 2016: $11,554,420Net Income 2016: $548,4572016Revenue 2018: $12,186,539Expenses 2018: $12,203,517Net Income 2018: -$16,9782018Revenue 2019: $12,428,374Expenses 2019: $12,635,192Net Income 2019: -$206,8182019Revenue 2020: $12,290,882Expenses 2020: $12,863,018Net Income 2020: -$572,1362020Revenue 2021: $16,233,576Expenses 2021: $13,397,264Net Income 2021: $2,836,3122021Revenue 2022: $18,488,530Expenses 2022: $14,637,128Net Income 2022: $3,851,4022022Revenue 2024: $15,164,303Expenses 2024: $15,993,497Net Income 2024: -$829,1942024

Highlighted filing

2024

Revenue$15,164,303
Expenses$15,993,497
Net Income-$829,194

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.6$5.15$16.4$15.2$16.0$0.83
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.4$5.68$17.7$18.5$14.6$3.85
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$17.7$3.90$13.8$16.2$13.4$2.84
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.7$3.65$11.0$12.3$12.9$0.57
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.3$2.68$11.6$12.4$12.6$0.21
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.6$2.77$11.8$12.2$12.2$0.02
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.9$2.96$10.9$12.1$11.6$0.55
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.00$3.52$3.49$11.2$11.3$0.08
2014Detailed filing. Detailed filing data is available for this year.$6.77$3.20$3.57$10.9$24.8$13.9
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.5$1.96$17.5$10.9
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.4$1.73$18.7$10.1
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.2$2.67$15.5$9.53
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.7$2.46$16.2$9.36
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
Aug 14, 2025
Return Version
2023v6.0
Gross Receipts
$15,164,303
Mission and Program Overview

Mission

Trusted journalism, inspiring stories and lifelong learning.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$11,242,121$10,522,128▼ $719,993
Savings and Temporary Cash Investments$5,808,130$6,676,493▲ $868,363
Pledges and Grants Receivable$3,146,905$1,120,322▼ $2,026,583
Intangible Assets$1,009,412$1,009,412→ $0
Accounts Receivable$561,902$977,623▲ $415,721
Prepaid Expenses and Deferred Charges$412,769$480,109▲ $67,340
Cash and Non-Interest-Bearing Accounts$100$100→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0--
Investments Program Related$0--
Loans From Officers Directors$0$0→ $0
Total Assets$23,131,807$21,578,298▼ $1,553,509
Other Assets Total$950,468$792,111▼ $158,357
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,576,224$2,283,039▼ $293,185
Deferred Revenue$1,196,105$1,259,198▲ $63,093
Accounts Payable and Accrued Expenses$1,430,478$1,021,414▼ $409,064
Other Liabilities$668,382$583,223▼ $85,159
Total Liabilities$5,871,189$5,146,874▼ $724,315
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$14,246,609$14,143,094▼ $103,515
Net Assets With Donor Restrictions$3,014,009$2,288,330▼ $725,679
Total Net Assets Fund Balance$17,260,618$16,431,424▼ $829,194
Total Liabilities and Net Assets / Fund Balance$23,131,807$21,578,298▼ $1,553,509

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$8,242,745$8,369,559$16,612,304
Equipment$1,617,103$5,634,405$7,251,508
Land$662,280-$662,280

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$5,502,921$549,619▲ $1,269,801$489,000$6,833,341
2022$4,483,614$478,852▲ $540,455$0$5,502,921
2021$5,172,969$374,222▼ $848,577$0$4,483,614
2020$4,395,136$179,074▲ $973,130$0$5,172,969
2019$4,099,956$69,593▲ $225,587$0$4,395,136
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Greg PetrowichPresident & CEOFT$180,941$93,071$274,012
Connie F CampbellCFOFT$123,633$38,309$161,942
David SladeChief Development OfficerFT$137,835$19,830$157,665
Erin EarnestChief Content OfficerFT$97,155$33,933$131,088
Kathryn A KnerrAccount ExecutiveFT$105,497$19,261$124,758
Meghan M DagonAccount ExecutiveFT$104,488$16,247$120,735
Sean R AnkerChief Technology OffficerFT$81,506$4,205$85,711

Board Members and Trustees

NameTitle
Neelay BhattChair
Raquel RichardsonImmediate Past Chair
Howard SchrottVice Chair
Alex MereishBoard Member
Beth HaneyBoard Member
Brenda HornBoard Member
Deshong Perry-SmithermanBoard Member
James YangBoard Member
Jon OwensBoard Member
Judy OkenfussBoard Member
Karin VeatchBoard Member
Katie CulpBoard Member
Rebecca KubackiBoard Member
Rosie FoulkeBoard Member
Stefani QuarlesBoard Member
Tiffani TaylorBoard Member
Tim MaginnBoard Member
Whitney ErtelBoard Member
Fernanda BeraldiBoard Member (Beginning Jan 2024)
Glenn KellerBoard Member (Beginning Jan 2024)
Rakesh GangwaniBoard Member (Beginning Jan 2024)
Toni BaderBoard Member (Beginning Jan 2024)
Aaron WilliamsBoard Member (Through Dec 2023)
Anne SellersBoard Member (Through Dec 2023)
Fred NationBoard Member (Through Dec 2023)
Irena GoloschokinBoard Member (Through Dec 2023)
LaTona PrenticeBoard Member (Through Dec 2023)
Theodore R BoehmBoard Member (Through Dec 2023)
Tanya Stuart OverdorfBoard Member (Through JAN 2023)
Terren MagidSecretary
Sue BackTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Contributor Development PartnershipMembership Services10 Guest Street, Boston, MA 02135$689,517
Bw Construction LLCRenovation615 RUSSELL AVE, Indianapolis, IN 46225$537,347
Fineline FunitureRenovation7868 ZIONSVILLE RD, Indianapolis, IN 46268$318,424
Electronic Strategies IncIT Services and Hardware8050 CASTLEWAY DR, Indianapolis, IN 46250$284,157
Glenroy Construction Co INCAda Repairs450 S RITTER AVE, Indianapolis, IN 46219$146,190
Revenue and Support

Revenue Composition

Contributions and Grants
$13,199,848
Program Service Revenue
$92,828
Investment Income
$138,343
Other Revenue
$1,733,284
All Other Contributions
$12,117,010
Change in Net Assets
$-829,194

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$70,000Market value
Other Non Cash Contri Table67$49,502Market value
Other Non Cash Contri Table2$4,108Market value
Food Inventory6$3,996Market value
Other Non Cash Contri Table1$1,200Market value
Total Noncash Contributions77$128,806-

Audited Revenue Reconciliation

Revenue per Audited Statements
$15,164,303
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$171,822
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$15,336,125
Total Revenue per Form 990
$15,164,303
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$8,514,722
Salaries, Compensation, and Employee Benefits$7,478,775
Total Fundraising Expense$1,942,192
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,570,311$1,498,741$511,369$5,580,421
Depreciation Depletion$618,826$486,905$59,604$1,165,335
Occupancy$280,046$745,393$0$1,025,439
Current Officers, Directors, Trustees, and Key Employees$327,691$468,130$140,439$936,260
Fees for Services Other$496,161$115,460$33,082$644,703
Information Technology$319,035$268,192$18,535$605,762
Payroll Taxes$273,915$131,227$44,024$449,166
Other Employee Benefits$301,378$90,742$44,336$436,456
Advertising$278,031$0$0$278,031
Office Expenses$86,684$182,199$8,799$277,682
Conferences and Meetings$187,898$40$19,392$207,330
Insurance$8,651$162,431$0$171,082
Other Expenses$97,025$60,872$4,563$162,460
Travel$119,603$13,768$2,423$135,794
Interest$0$80,370$0$80,370
All Other Expenses$58,103$18,222$257$76,582
Pension Plan Contributions$44,897$26,159$5,416$76,472
Fees for Services Legal$4,362$70,913$0$75,275
Fees for Services Accounting$0$60,292$0$60,292
Total Functional Expenses$9,571,249$4,480,056$1,942,192$15,993,497

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$16,165,319
Expenses per Audited Statements$15,993,497
Total Expenses per Form 990$15,993,497
Expenses Not Reported on Form 990$171,822
Expenses Not Reported on Financial Statements$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
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
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
Lease Liability$583,223
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
No
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, Line 15B PROCESS USED TO ESTABLISH COMPENSATION FOR OTHER OFFICERS

THE PRESIDENT DETERMINES THE COMPENSATION OF THE OTHER OFFICERS. THE DECISIONS ARE DOCUMENTED IN EACH EMPLOYEE'S FILE. THIS PROCESS WAS LAST UNDERTAKEN in February 2021.

Form 990, Part VI, Line 11B Review of form 990 by governing body

The organization retains the expertise of an independent tax advisor to assist in the preparation and review of its irs form 990. Prior to filing the form 990, the organization's management and audit committee reviews the form 990 at the audit committee meeting. The board will be provided a complete copy of the form 990 prior to filing.

Form 990, Part VI, Line 12C Conflict of interest policy

Conflict of interest forms are completed annually by the entire board of directors and by senior management and are reviewed by the Director of Administration. If a conflict exists, it is brought to the attention of the Chair of the governance & nominating committee and the President. Any individual with a conflict abstains from voting on matters related to the conflict of interest

Form 990, Part VI, Line 15A Process to establish compensation of top management official

Each year the organization's Board Chair reviews and approves compensation changes, if any, for the President. The President's compensation is reviewed for reasonableness by the Board Chair based on outside data. The outside data is updated periodically. The compensation changes and approval, if any, are documented and filed in the President's personnel files.

Form 990, Part VI, Line 19 Required documents available to the public

Financial statements, governing documents, and conflict of interest policies are not required disclosures pursuant to Internal Revenue Code (IRC) Section 6104. These documents are not available to the public at this time. However, the FCC requires certain documents to be maintained in a "public file" for inspection by the public. A copy of our audit is part of this public file.

Filing and Contact Details

Filer

Filer Name
Metropolitan Indianapolis Public Media Inc
EIN
35-1147600
Phone
3176362020
Address
1630 N Meridian St, Indianapolis, IN 46202
Doing Business As
Wfyi Public Media

Signing Officer

Name
Greg Petrowich
Title
President
Signed
2025-08-14
Discuss with paid preparer
Yes

Organization Details

Formed
1970
Legal Domicile
In
Voting Board Members
25
Independent Board Members
24
Employees
138
Volunteers
594

Preparer

Firm
Crowe Llp
Address
4801 Olympia Park Plaza Suite 4000, Louisville, KY 40241-2098
Preparer
Rachel Spurlock
Phone
5023263996
Supplemental Narrative

Financial Statement Notes

Schedule D, Part V, Line 4 Intended uses of endowment funds

The endowment funds are held by WFYI Foundation, Inc. (a related organization). The endowment exists to support the operations of Metropolitan Indianapolis Public Media, Inc.

Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote

MIPM and the Foundation are exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code. Additionally, MIPM and the Foundation have been determined not to be private foundations under Section 509(a) of the Internal Revenue Code. Tax expense for the years ended September 30, 2024 and 2023 was $0 for each year. Current accounting standards require MIPM to disclose the amount of potential benefit or obligation to be realized as a result of an examination performed by a taxing authority. For the years ended September 30, 2024 and 2023, management has determined that MIPM does not have any tax positions that result in any uncertainties regarding the possible impact on MIPM's financial statements. MIPM does not expect the total amount of unrecognized tax benefits to significantly change in the next 12 months. MIPM recognizes interest and/or penalties related to income tax matters in income tax expense. MIPM did not have any amounts accrued for interest and penalties at September 30, 2024 and 2023.

Raw XML AppendixShowing 400 of 973 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.

Path#Value
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IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01630 N MERIDIAN ST
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IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt2FINELINE FUNITURE
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt3Electronic Strategies Inc
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt4GLENROY CONSTRUCTION CO INC
IRS990/ContractorCompensationGrp/ServicesDesc0Membership Services
IRS990/ContractorCompensationGrp/ServicesDesc1RENOVATION
IRS990/ContractorCompensationGrp/ServicesDesc2RENOVATION
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IRS990/Form990PartVIISectionAGrp/TitleTxt0President & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt2Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt3Immediate Past Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt4Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt5Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt6Board Member (Through Dec 2023)
IRS990/Form990PartVIISectionAGrp/TitleTxt7Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt8Board Member (Through Dec 2023)
IRS990/Form990PartVIISectionAGrp/TitleTxt9Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt10Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt11Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt12Board Member (Beginning Jan 2024)
IRS990/Form990PartVIISectionAGrp/TitleTxt13Board Member (Through Dec 2023)
IRS990/Form990PartVIISectionAGrp/TitleTxt14Board Member (Beginning Jan 2024)
IRS990/Form990PartVIISectionAGrp/TitleTxt15Board Member (Through Dec 2023)
IRS990/Form990PartVIISectionAGrp/TitleTxt16Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt17Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt18Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt19Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt20Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt21Board Member (Through Dec 2023)
IRS990/Form990PartVIISectionAGrp/TitleTxt22Board Member (Beginning Jan 2024)

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