Civic Intelligence

Chicago Public Media Inc

EIN 36-3687394 • 501(c)3 • Chicago, IL

Profile

Chicago Public Media serves the public interest by producing and delivering diverse, compelling content of multiple viewpoints and expression.

848 E Grand Avenue Navy PierChicago, IL 60611

www.chicagopublicmedia.org

Siviq Scores

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

Liabilities / Assets

55th percentile

0.31x

Higher debt load relative to assets than 55% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2025

Liabilities / Revenue

74th percentile

1.05x

Higher debt load relative to revenue than 74% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2025

Net Margin

79th percentile

24%

Higher net margin than 79% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2025

Top Officer Pay

79th percentile

$943,475

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 2.6% of source-year revenue.

501(c)3 • $100M-$250M nonprofits • Source year 2025

Asset Growth

51st percentile

6.2%

Faster asset growth than 51% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2024 to 2025

Revenue Growth

42nd percentile

5.5%

Faster revenue growth than 42% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2024 to 2025

Assets

Up

$123,120,928

Up $17,589,794 (+17%) from 2023

Liabilities

Down

$37,561,619

Down $895,051 (-2.3%) from 2023

Net Assets

Up

$85,559,309

Up $18,484,845 (+28%) from 2023

Revenue

Down

$35,621,838

Down $3,076,020 (-7.9%) from 2023

Expenses

Down

$27,099,771

Down $2,852,300 (-9.5%) from 2023

Net Income

Down

$8,522,067

Down $223,720 (-2.6%) from 2023

Trend Graphs

Balance Sheet Trend

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

$150M$100M$50M$0Assets 2011: $45,855,409Liabilities 2011: $26,564,840Net Assets 2011: $19,290,5692011Assets 2012: $47,907,660Liabilities 2012: $27,860,069Net Assets 2012: $20,047,5912012Assets 2013: $48,351,976Liabilities 2013: $26,971,879Net Assets 2013: $21,380,0972013Assets 2014: $51,454,610Liabilities 2014: $27,125,824Net Assets 2014: $24,328,7862014Assets 2015: $57,210,252Liabilities 2015: $31,860,385Net Assets 2015: $25,349,8672015Assets 2016: $56,369,221Liabilities 2016: $26,296,906Net Assets 2016: $30,072,3152016Assets 2017: $58,787,419Liabilities 2017: $25,242,069Net Assets 2017: $33,545,3502017Assets 2019: $77,712,320Liabilities 2019: $29,198,373Net Assets 2019: $48,513,9472019Assets 2020: $86,332,987Liabilities 2020: $35,962,423Net Assets 2020: $50,370,5642020Assets 2021: $93,763,608Liabilities 2021: $31,647,428Net Assets 2021: $62,116,1802021Assets 2022: $91,335,229Liabilities 2022: $34,112,701Net Assets 2022: $57,222,5282022Assets 2023: $105,531,134Liabilities 2023: $38,456,670Net Assets 2023: $67,074,4642023Assets 2025: $123,120,928Liabilities 2025: $37,561,619Net Assets 2025: $85,559,3092025

Highlighted filing

2025

Assets$123,120,928
Liabilities$37,561,619
Net Assets$85,559,309

Operations Trend

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

$40M$30M$20M$10M$0-$10MExpenses 2011: $20,907,1672011Expenses 2012: $21,784,4252012Expenses 2013: $22,765,4382013Revenue 2014: $24,322,490Expenses 2014: $23,717,463Net Income 2014: $605,0272014Revenue 2015: $27,611,917Expenses 2015: $26,286,012Net Income 2015: $1,325,9052015Revenue 2016: $25,301,311Expenses 2016: $21,812,820Net Income 2016: $3,488,4912016Revenue 2017: $25,772,861Expenses 2017: $24,050,416Net Income 2017: $1,722,4452017Revenue 2019: $33,719,809Expenses 2019: $29,158,839Net Income 2019: $4,560,9702019Revenue 2020: $28,816,283Expenses 2020: $29,795,613Net Income 2020: -$979,3302020Revenue 2021: $37,246,182Expenses 2021: $27,245,996Net Income 2021: $10,000,1862021Revenue 2022: $32,290,439Expenses 2022: $28,483,479Net Income 2022: $3,806,9602022Revenue 2023: $38,697,858Expenses 2023: $29,952,071Net Income 2023: $8,745,7872023Revenue 2025: $35,621,838Expenses 2025: $27,099,771Net Income 2025: $8,522,0672025

Highlighted filing

2025

Revenue$35,621,838
Expenses$27,099,771
Net Income$8,522,067

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$123$37.6$85.6$35.6$27.1$8.52
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$106$38.5$67.1$38.7$30.0$8.75
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$91.3$34.1$57.2$32.3$28.5$3.81
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$93.8$31.6$62.1$37.2$27.2$10.0
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$86.3$36.0$50.4$28.8$29.8$0.98
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$77.7$29.2$48.5$33.7$29.2$4.56
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$58.8$25.2$33.5$25.8$24.1$1.72
2016Detailed filing. Detailed filing data is available for this year.$56.4$26.3$30.1$25.3$21.8$3.49
2015Detailed filing. Detailed filing data is available for this year.$57.2$31.9$25.3$27.6$26.3$1.33
2014Detailed filing. Detailed filing data is available for this year.$51.5$27.1$24.3$24.3$23.7$0.61
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$48.4$27.0$21.4$22.8
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$47.9$27.9$20.0$21.8
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$45.9$26.6$19.3$20.9
Latest Detailed Filing

The latest 2025 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2023 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Nov 15, 2023
Return Version
2022v5.0
Gross Receipts
$65,032,942
Mission and Program Overview

Mission

Chicago public media's mission is to strengthen the well-being of our local communities and our democracy through independent local journalism. Chicago public media produces accessible, trusted news, information and programming that helps all chicago area residents make informed decisions every day, participate in our diverse communities and make the most of our region.

Chicago public media serves the public interest by creating and delivering diverse, compelling content that informs, inspires, enriches and entertains. Through a broad range of media platforms, we connect diverse audiences in our service area and beyond to one another. We help them make a difference in our communities, our region, and our world.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$53,201,917$74,147,955▲ $20,946,038
Land, Buildings, and Equipment, Net$17,263,423$17,273,236▲ $9,813
Pledges and Grants Receivable$4,139,318$6,953,927▲ $2,814,609
Cash and Non-Interest-Bearing Accounts$11,778,529$2,073,431▼ $9,705,098
Intangible Assets$1,360,513$1,360,513→ $0
Accounts Receivable$1,225,321$933,741▼ $291,580
Prepaid Expenses and Deferred Charges$462,303$551,484▲ $89,181
Savings and Temporary Cash Investments-$445,298-
Total Assets$91,335,229$105,531,134▲ $14,195,905
Other Assets Total$1,903,905$1,791,549▼ $112,356
Liabilities
Tax Exempt Bond Liabilities$21,841,484$21,850,169▲ $8,685
Other Liabilities$4,706,611$9,349,478▲ $4,642,867
Unsecured Notes Loans Payable$4,499,972$3,888,889▼ $611,083
Accounts Payable and Accrued Expenses$3,018,391$3,197,143▲ $178,752
Deferred Revenue$46,243$170,991▲ $124,748
Total Liabilities$34,112,701$38,456,670▲ $4,343,969
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$25,959,990$38,223,290▲ $12,263,300
Net Assets With Donor Restrictions$31,262,538$28,851,174▼ $2,411,364
Total Net Assets Fund Balance$57,222,528$67,074,464▲ $9,851,936
Total Liabilities and Net Assets / Fund Balance$91,335,229$105,531,134▲ $14,195,905

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$13,167,596$10,690,842$23,858,438
Equipment$1,713,167$7,715,997$9,429,164
Other Land Buildings$1,236,815$576,757$1,813,572
Land$1,155,658-$515,666

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$1,255,400-▲ $190,372-$1,391,584
2021$1,467,019-▼ $160,643-$1,255,400
2020$1,077,254-▲ $433,336-$1,467,019
2019$1,047,882-▲ $70,388-$1,077,254
2018$1,000,095-▲ $47,787-$1,047,882
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Matthew MoogCEOPT$449,193$184,117$633,310
Rina DedhiaCFOPT$293,331$68,620$361,951
Lucy KimChief Advancement OfficerPT$298,562$45,710$344,272
Cynthia Photos AbbottVP, General CounselPT$237,505$60,027$297,532
Tracy BrownChief Content OfficerPT$245,575$51,284$296,859
Valerie Toney Parker to 1122Chief People OfficerFT$214,084$39,210$253,294
Stephen WrightVP of Technology and OperationsPT$200,876$49,621$250,497
Celeste LecompteChief Audience OfficerPT$211,475$23,745$235,220
Debra ChamraVP of AccountingPT$185,274$38,482$223,756
Elizabeth BergerVP of CommunicationsPT$161,496$44,457$205,953
Kevin DawsonManaging DirectorFT$167,182$33,372$200,554
Amy WielunskiVP of MembershipFT$163,206$28,591$191,797
Nicholas DepreyVP of ProductPT$170,549$7,434$177,983

Highest Paid Contractors

ContractorServicesLocationCompensation
Market EnginuityUnderwriting Account Executives3131 E CLAREDON AVE SUITE 105, Phoenix, AZ 85016$1,372,135
Jones DayLegal Services51 LOUISIANA AVE NW, Washington, DC 20001$380,167
Mcdermott Will & Emery LLPLegal ServicesPO BOX 1675, Carol Stream, IL 60132$333,873
V Three Studios LLCArchitectural Services7321 BRUNO AVE, Saint Louis, MO 63117$296,924
Skender Construction LLCGeneral Contractor1330 W FULTON SUITE 200, Chicago, IL 60607$169,929
Revenue and Support

Revenue Composition

Contributions and Grants
$30,954,140
Program Service Revenue
$2,223,748
Investment Income
$5,283,557
Other Revenue
$236,413
All Other Contributions
$14,812,630
Change in Net Assets
$8,745,787

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 AmountValuation Method
Securities Publicly Traded26$192,666Fair Market Value
Total Noncash Contributions26$192,666-

Audited Revenue Reconciliation

Revenue per Audited Statements
$38,566,306
Revenue Not Reported on Financial Statements
$131,552
Revenue Not Reported on Form 990
$4,102,972
Total Revenue per Audited Statements
$42,669,278
Total Revenue per Form 990
$38,697,858
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$17,825,335
Other Expenses$12,126,736
Total Fundraising Expense$6,657,362
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$9,616,817$1,057,924$2,159,063$12,833,804
Fees for Services Other$560,144$735,362$1,693,045$2,988,551
Current Officers, Directors, Trustees, and Key Employees$501,804$1,014,638$509,560$2,026,002
Depreciation Depletion$1,237,532$175,796$190,221$1,603,549
Other Employee Benefits$1,263,545$4,649$270,709$1,538,903
Payroll Taxes$767,646$136,275$202,914$1,106,835
Information Technology$479,366$187,127$235,951$902,444
Office Expenses$587,293$42,636$191,688$821,617
Advertising$439,418-$308,710$748,128
Interest$482,260$83,918$127,742$693,920
Occupancy$483,073$44,835$51,897$579,805
Pension Plan Contributions$238,417$31,471$49,903$319,791
Fees for Services Legal$83,116$142,076-$225,192
Travel$125,993$69,301$9,937$205,231
Insurance$143,864$18,371$30,961$193,196
Fees for Service Investment Mgmnt Fees-$131,552-$131,552
All Other Expenses$-154,362$25,196$247,573$118,407
Conferences and Meetings$41,000$29,140$18,686$88,826
Fees for Services Accounting-$83,767-$83,767
Other Expenses$0$29,918$0$29,918
Total Functional Expenses$19,249,683$4,045,026$6,657,362$29,952,071

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$32,817,342
Total Expenses per Form 990$29,952,071
Expenses per Audited Statements$29,663,115
Expenses Not Reported on Form 990$3,154,227
Expenses Not Reported on Financial Statements$288,956
Other Expense Adjustments$157,404
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$217,552
Fundraising Gross Income$33,345
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$1,494,124$33,345$217,290$-183,945
Total Events$1,494,124$33,345$217,552$-184,207
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Affiliate$9,927,005
Operating Lease Liability$1,791,549
Liability Under Swap Agreement$-2,369,076

Bond Issues

BondIssuerIssuedIssue PricePurpose
AIllinois Finance Authority2005-10-01$22,000,000Finance the expansion, construction, renovation and equipping of facilities

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$22,000,000--$256,332

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
Yes
Corrective action procedures
Yes
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 B, Line 11B

The independent accountants present the return to the finance committee, in consultation with the chief executive officer and the chief financial officer, before it is filed with the irs. The finance committee, the chief executive officer and the chief financial officer review the return. After this review, but prior to filing with the irs, the form 990 was distributed to all board members.

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

The station requests yearly updates of conflict of interest statements from each member of the board of directors and senior staff. At each board of directors and committee meeting, at the top of the agenda is a request for directors to declare any conflict of interest based on any agenda items to be discussed at the meeting.

Form 990, Part VI, Section B, Line 15

The compensation committee of the board of directors, comprised of independent directors, reviewed and approved the compensation of the ceo and reviewed the adequacy and reasonableness of the compensation of the senior executives. The process included review of a report prepared by an independent consultant analyzing compensation data from comparable organizations. The organization hires an independent compensation consultant to prepare the above mentioned report once every two to three years. The report is updated annually. The deliberations and decisions of the compensation committee are documented in the compensation committee's meeting minutes. The compensation committee met in august 2023 to review ceo and senior executive compensation.

Form 990, Part VI, Section C, Line 19

Requests for documents received by the public are supplied for the same period of disclosure as set forth in irc section 6104(d). In addition on our website, (www.wbez.org) posted in the about us section, under the subheading, public & financial documents, we hyperlink to our audited financial statements, form 990, and various policies, including our open meetings policy and open financial records policy. The organization's governing documents and conflict of interest policy are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Chicago Public Media Inc
EIN
36-3687394
Phone
3129484600
Address
848 E GRAND AVE NAVY PIER, CHICAGO, IL 60611

Signing Officer

Name
Matthew Moog
Title
CEO
Phone
3129484600
Signed
2023-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Matthew Moog
Formed
1989
Legal Domicile
Il
Voting Board Members
24
Independent Board Members
24
Employees
210
Volunteers
50

Preparer

Firm
Plante & Moran Pllc
Address
10 S RIVERSIDE PLAZA 9TH FLOOR, CHICAGO, IL 60606
Preparer
Lu Ann Trapp
Phone
3122071040
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Change in value of interest rate swap agreement 551,899.

Financial Statement Notes

PART V, LINE 4:

$1m endowment will remain permanently restricted. Distributions, not to exceed 4% of the value of the fund in any given year, will be used to support general operations at cpm.

PART X, LINE 2:

The organization is exempt from income taxes under section 501(c)(3) of the internal revenue code and applicable state law, except for taxes pertaining to unrelated business income, if any. The accounting standard on accounting for uncertainty in income taxes addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the consolidated financial statements. Under this guidance, the organization may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. Examples of tax positions include the tax-exempt status of the organization and various positions related to the potential sources of unrelated business taxable income. The tax benefits recognized in the consolidated financial statements from such a position, if any, are measured based on the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement. There were no unrecognized tax benefits identified or recorded as liabilities for the reporting periods presented in these consolidated financial statements. The organization files form 990 in the u.s. Federal jurisdiction and the state of illinois and is generally no longer subject to examination by the internal revenue service for tax years before 2020.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Change in value of interest rate swap agreement 551,899. Member event expense netted against revenue -157,404.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Member event expense netted against revenue 157,404.

Raw XML AppendixShowing 400 of 1,250 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
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt03018391
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt03197143
IRS990/AccountsReceivableGrp/BOYAmt01225321
IRS990/AccountsReceivableGrp/EOYAmt0933741
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0CHICAGO PUBLIC MEDIA SERVES THE PUBLIC INTEREST BY CREATING AND DELIVERING DIVERSE, COMPELLING CONTENT THAT INFORMS, INSPIRES, ENRICHES AND ENTERTAINS. THROUGH A BROAD RANGE OF MEDIA PLATFORMS, WE CONNECT DIVERSE AUDIENCES IN OUR SERVICE AREA AND BEYOND TO ONE ANOTHER. WE HELP THEM MAKE A DIFFERENCE IN OUR COMMUNITIES, OUR REGION, AND OUR WORLD.
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IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt1JONES DAY
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt2MCDERMOTT WILL & EMERY LLP
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt3V THREE STUDIOS LLC
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IRS990/ContractorCompensationGrp/ServicesDesc0UNDERWRITING ACCOUNT EXECUTIVES
IRS990/ContractorCompensationGrp/ServicesDesc1LEGAL SERVICES
IRS990/ContractorCompensationGrp/ServicesDesc2LEGAL SERVICES
IRS990/ContractorCompensationGrp/ServicesDesc3ARCHITECTURAL SERVICES
IRS990/ContractorCompensationGrp/ServicesDesc4GENERAL CONTRACTOR
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IRS990/Desc0CHICAGO PUBLIC MEDIA, INC. IS A 501(C)(3) CHARITABLE ORGANIZATION THAT SERVES THE PUBLIC INTEREST BY PRODUCING AND DELIVERING DIVERSE, COMPELLING CONTENT OF MULTIPLE VIEWPOINTS AND EXPRESSION. CHICAGO PUBLIC MEDIA BROADCASTS ITS SERVICE ON FOUR NON-COMMERCIAL FM RADIO STATIONS: WBEZ 91.5 FM IN CHICAGO, WBEQ 90.7 FM IN MORRIS, 91.7 FM (W219CD) IN ELGIN, ILLINOIS, AND WBEK 91.1 FM IN KANKAKEE, ILLINOIS; DIGITALLY VIA WBEZ.ORG, SMART SPEAKERS, MOBILE APPS, PODCASTS AND IN LIVE EVENTS THAT GENERATE CONVERSATIONS ACROSS COMMUNITIES.
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