Civic Intelligence

Hampton Roads Educational Telecommunications Association Inc.

990 • Fiscal year 2023 • EIN 54-0843118

Jul 01, 2022 to Jun 30, 2023 • Filed on Nov 15, 2023

5200 Hampton BoulevardNorfolk, VA 23508-1507

(757) 889-9400

Siviq Scores

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

Liabilities / Assets

29th percentile

0.06x

Higher debt load relative to assets than 29% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Liabilities / Revenue

27th percentile

0.13x

Higher debt load relative to revenue than 27% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Net Margin

19th percentile

-11%

Higher net margin than 19% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Top Officer Pay

63rd percentile

$315,743

Higher top officer pay than 63% of similar nonprofits.

Top officer pay equals 2.0% of source-year revenue.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Asset Growth

22nd percentile

-1.5%

Faster asset growth than 22% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Revenue Growth

67th percentile

14%

Faster revenue growth than 67% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Assets

Down

$31,548,718

Down $491,511 (-1.5%) from 2022

Net Assets

Up

$29,541,231

Up $1,299,958 (+4.6%) from 2022

Liabilities

Down

$2,007,487

Down $1,791,469 (-47%) from 2022

Revenue

Up

$15,830,203

Up $1,948,035 (+14%) from 2022

Expenses

Up

$17,556,723

Up $2,785,401 (+19%) from 2022

Net Income

Down

-$1,726,520

Down $837,366 (-94%) from 2022

Historical Trend

Balance Sheet Trend

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

$40M$30M$20M$10M$0Assets 2011: $17,456,521Liabilities 2011: $3,705,990Net Assets 2011: $13,750,5312011Assets 2012: $22,530,156Liabilities 2012: $4,635,354Net Assets 2012: $17,894,8022012Assets 2013: $22,173,296Liabilities 2013: $5,424,705Net Assets 2013: $16,748,5912013Assets 2014: $22,122,920Liabilities 2014: $5,621,540Net Assets 2014: $16,501,3802014Assets 2015: $23,559,695Liabilities 2015: $4,867,897Net Assets 2015: $18,691,7982015Assets 2016: $21,364,072Liabilities 2016: $4,773,526Net Assets 2016: $16,590,5462016Assets 2017: $23,081,388Liabilities 2017: $5,165,459Net Assets 2017: $17,915,9292017Assets 2018: $21,459,942Liabilities 2018: $4,973,628Net Assets 2018: $16,486,3142018Assets 2019: $23,210,959Liabilities 2019: $5,862,454Net Assets 2019: $17,348,5052019Assets 2020: $32,477,430Liabilities 2020: $9,054,421Net Assets 2020: $23,423,0092020Assets 2021: $34,089,431Liabilities 2021: $3,397,837Net Assets 2021: $30,691,5942021Assets 2022: $32,040,229Liabilities 2022: $3,798,956Net Assets 2022: $28,241,2732022Assets 2023: $31,548,718Liabilities 2023: $2,007,487Net Assets 2023: $29,541,2312023Assets 2024: $32,847,717Liabilities 2024: $2,552,392Net Assets 2024: $30,295,3252024

Highlighted filing

2023

Assets$31,548,718
Liabilities$2,007,487
Net Assets$29,541,231

Operations Trend

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

$30M$20M$10M$0-$10MExpenses 2011: $15,413,5352011Expenses 2012: $15,688,1722012Expenses 2013: $14,059,9542013Revenue 2014: $13,759,725Expenses 2014: $14,347,207Net Income 2014: -$587,4822014Revenue 2015: $16,011,105Expenses 2015: $13,568,795Net Income 2015: $2,442,3102015Revenue 2016: $12,865,084Expenses 2016: $14,247,155Net Income 2016: -$1,382,0712016Revenue 2017: $14,889,190Expenses 2017: $14,445,233Net Income 2017: $443,9572017Revenue 2018: $13,346,087Expenses 2018: $13,951,110Net Income 2018: -$605,0232018Revenue 2019: $13,286,550Expenses 2019: $14,338,305Net Income 2019: -$1,051,7552019Revenue 2020: $20,539,888Expenses 2020: $14,837,488Net Income 2020: $5,702,4002020Revenue 2021: $22,196,526Expenses 2021: $17,112,566Net Income 2021: $5,083,9602021Revenue 2022: $13,882,168Expenses 2022: $14,771,322Net Income 2022: -$889,1542022Revenue 2023: $15,830,203Expenses 2023: $17,556,723Net Income 2023: -$1,726,5202023Revenue 2024: $16,699,325Expenses 2024: $17,280,758Net Income 2024: -$581,4332024

Highlighted filing

2023

Revenue$15,830,203
Expenses$17,556,723
Net Income-$1,726,520
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Nov 15, 2023
Return Version
2022v5.0
Gross Receipts
$21,594,491
Mission and Program Overview

Mission

Whro public media is a non-profit public media enterprise known for its public service mission. Whro public media is the only public broadcasting station in the united states owned by a collaboration of 21 local public school districts. Through four tv stations whro tv-15, whro create, whro world, whro kids and our expansion into six radio channels, including whro 90.3 fm whrv 89.5, wfos 88.7, website, and educational content delivered online to more than 286,000 students and 25,000 teachers, whro public media enriches the lives of the people of eastern virginia and northeastern north carolina every day. Since its founding in 1961, the ownership has established educational programming and services as whro's core mission. As a leader in utilizing emerging technologies, today whro education delivers most of its educational content online. Whro education's leading edge instructional resources include emediava, and on-demand digital media. Whro education also offers professional developmen

Improve the civic, educational & cultural life of the citizens of eastern va through the production and distrib. Of important and impactful local, national, and educational content.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$11,897,916$11,568,956▼ $328,960
Land, Buildings, and Equipment, Net$8,740,742$8,732,646▼ $8,096
Cash and Non-Interest-Bearing Accounts$453,390$1,611,647▲ $1,158,257
Savings and Temporary Cash Investments$3,729,628$1,537,871▼ $2,191,757
Pledges and Grants Receivable$273,951$1,510,744▲ $1,236,793
Intangible Assets$612,058$564,982▼ $47,076
Accounts Receivable$494,490$498,846▲ $4,356
Prepaid Expenses and Deferred Charges$594,113$436,356▼ $157,757
Inventories for Sale or Use$25,959$22,807▼ $3,152
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$32,040,229$31,548,718▼ $491,511
Other Assets Total$5,217,982$5,063,863▼ $154,119
Liabilities
Accounts Payable and Accrued Expenses$1,145,035$1,310,239▲ $165,204
Deferred Revenue$214,759$299,024▲ $84,265
Unsecured Notes Loans Payable$2,439,162$293,099▼ $2,146,063
Other Liabilities$0$105,125▲ $105,125
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$3,798,956$2,007,487▼ $1,791,469
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$19,390,669$21,443,879▲ $2,053,210
Net Assets With Donor Restrictions$8,850,604$8,097,352▼ $753,252
Total Net Assets Fund Balance$28,241,273$29,541,231▲ $1,299,958
Total Liabilities and Net Assets / Fund Balance$32,040,229$31,548,718▼ $491,511

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$7,640,477$11,282,561$18,923,038
Buildings$687,670$5,125,549$5,813,219
Land$377,677-$377,677
Other Land Buildings$26,822-$26,822
Other Assets Org$105,125--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$13,867,917$1,806,402▲ $1,500,235$2,888,779$14,285,775
2021$16,014,653$109,416▼ $1,628,170$627,982$13,867,917
2020$11,815,993$2,305,323▲ $2,432,976$539,639$16,014,653
2019$11,244,033$523,021▲ $433,218$384,279$11,815,993
2018$10,510,815$276,590▲ $782,920$326,292$11,244,033
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Bertel SchmidtPresident/CROFT$265,869$49,874$315,743
Diane RogicDirector Corp. SupportFT$86,917$120,326$207,243
Thomas BurtonCDOFT$163,452$6,515$169,967
Heather MazzoniChief Content OfficerFT$137,074$16,487$153,561
Glenn HickmanDirector of EngineeringFT$131,221$17,144$148,365
Amy SokolCFOFT$124,474$5,310$129,784
Shannon SawyerAsst to PresidentFT$48,801$1,951$50,752

Board Members and Trustees

NameTitle
Bruce JacobsonBoard Chair (as on 7/22)
Christopher KastnerBoard Vice Chair
Dr Olwen HerronBoard Member (as on 7/22)
Gwen GilbertBoard Member (as on 7/22)
Ashby KilboreBoard Member/director
Ashley McleodBoard Member/director
Benming ZhangBoard Member/director
Cari ParrishBoard Member/director
Chinedu OkalaBoard Member/director
David WhiteBoard Member/director
Dr Aaron SpenceBoard Member/director
Dr Elie Bracy IiiBoard Member/director
Dr Jonathan RomeroBoard Member/director
Dr Marcia ConstonBoard Member/director
Eileen OldsBoard Member/director
Emily SteinhilberBoard Member/director
Eric FoxBoard Member/director
Greg MccrackenBoard Member/director
JOSE' MOREY MDBoard Member/director
Jay FordBoard Member/director
Lee EntsmingerBoard Member/director
Luis EstradaBoard Member/director
Mark JohnsonBoard Member/director
Michael SterlingBoard Member/director
Rob RobinsBoard Member/director
Robert ReyBoard Member/director
Robin RiceBoard Member/director
Sally DickinsonBoard Member/director
Sally SickinsonBoard Member/director
Sibel GalindezBoard Member/director
Win ShortBoard Member/director
Kelli WebbBoard Secretary
Yvonne AllmondBoard Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$8,859,914
Program Service Revenue
$4,627,567
Investment Income
$313,856
Other Revenue
$2,028,866
All Other Contributions
$3,663,501
Change in Net Assets
$-1,726,520

Audited Revenue Reconciliation

Revenue per Audited Statements
$15,788,103
Revenue Not Reported on Financial Statements
$42,100
Revenue Not Reported on Form 990
$3,908,349
Total Revenue per Audited Statements
$19,696,452
Total Revenue per Form 990
$15,830,203
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$9,726,240
Other Expenses$7,830,483
Total Fundraising Expense$2,010,559
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$5,884,213$704,763$899,957$7,488,933
Depreciation Depletion$825,668$86,424$116,995$1,029,087
Other Employee Benefits$764,704$29,937$94,899$889,540
All Other Expenses$470,839$134,837$244,853$850,529
Information Technology$800,840$116-$800,956
Fees for Services Other$449,386$181,109$163,025$793,520
Payroll Taxes$452,400$46,879$68,830$568,109
Current Officers, Directors, Trustees, and Key Employees$389,937$46,703$59,639$496,279
Other Expenses$368,777$33,518$44,630$446,925
Pension Plan Contributions$217,955$29,560$35,864$283,379
Office Expenses$208,069$3,124$40,691$251,884
Insurance$164,436$18,168$24,595$207,199
Occupancy$160,757$6,928$9,378$177,063
Advertising$167,769-$1,000$168,769
Travel$54,896$46,258$54,438$155,592
Conferences and Meetings$114,578$22,989$13,267$150,834
Fees for Services Accounting$119,961$12,205$16,523$148,689
Interest$104,017$10,519$14,240$128,776
Fees for Service Investment Mgmnt Fees--$42,100$42,100
Fees for Services Legal$24,399$2,482$3,361$30,242
Total Functional Expenses$14,083,645$1,462,519$2,010,559$17,556,723

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$18,396,494
Total Expenses per Form 990$17,556,723
Expenses per Audited Statements$17,514,623
Expenses Not Reported on Form 990$881,871
Expenses Not Reported on Financial Statements$42,100
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
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 Liabilities$105,125
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

FORM 990, PART VI, SECTION B, LINE 11:

The return is prepared by an independent accounting firm. The return is then reviewed by whro public media's cfo and it is also reviewed by key members of whro's leadership. Any updates are sent back to the independent accounting firm. The final version is made available to all board of directors prior to filing.

FORM 990, PART VI, SECTION B, LINE 12C:

Once a year, during the september board meeting, we poll the board and have them fill out and sign a written statement. Additionally, we have a conflict of interest statement for employees in the employee handbook. This is reviewed and signed off on by all employees on an annual basis.

FORM 990, PART VI, SECTION C, LINE 15A:

Whro public media seeks to ensure that compensation is reasonable under section 4958 and represents the part vi, fair market value for services rendered. Whro public media routinely utilizes benchmark studies and independent review of market compensation data from both nonprofit and media organizations, prepared by compensation consultants, at the time of employee hiring or when special compensation adjustments are awarded. Whro public media sets compensation within the range of the going market rate. No individual having a conflict of interest under whro public media's conflict of interest policy is permitted to participate in the compensation review or decision making process. Whro public media maintains all records regarding compensation decisions.

FORM 990, PART VI, SECTION C, LINE 19:

We put the annual report (containing financials) on our website. Otherwise, everything is in our public file and is available upon request.

Filing and Contact Details

Filer

Filer Name
Hampton Roads Educational
EIN
54-0843118
In Care Of
% BERTEL SCHMIDT
Phone
7578899400
Address
5200 HAMPTON BOULEVARD, NORFOLK, VA 23508-1507
Doing Business As
Whro Public Media

Signing Officer

Name
Bertel Schmidt
Title
President & CEO
Phone
7578899400
Signed
2023-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bertel Schmidt
Formed
1961
Legal Domicile
Va
Voting Board Members
34
Independent Board Members
33
Employees
146
Volunteers
500

Preparer

Firm
Bdo USA
Address
300 E Main Street Suite 1300, Norfolk, VA 23510
Preparer
Marc Berger
Phone
7576407190
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9, CHANGES IN NET ASSETS:

Other changes in net assets or fund balances includes pledge bad debt expense $2,148,305 and a change in value of split interest agreement [$358,547].

FORM 990, PART XI, LINE 2C:

The independent auditors meet with the audit committee each year before and after the audit. The audit is reviewed with the auditors and the audit committee before being accepted.

Financial Statement Notes

SCHEDULE D, PART V, LINE 4:

The endowment assets are controlled by the board of directors and invested in a manner intended to produce a real return, net of inflation and investment management costs, of at least 5% over the long term. Annual distributions from the endowment pool used to fund operations equal four percent of a trailing twelve-quarter moving average of the endowment pool fair market value for the period ending on december 31 of the previous year.

SCHEDULE D, PART X, LINE 2:

WHRO is an organization described in Section 501(c)(3) of the Internal Revenue Code and is exempt from federal and state income taxes. Exempt organizations are subject to tax on income from regularly conducted trade or business activities that are not substantially related to WHRO's exempt purpose. WHRO has net operating loss carryforwards of approximately $1,912,000 and $1,912,000 related to its unrelated business income at June 30, 2023 and 2022, respectively. Approximately $1,202,000 of these loss carryforwards will begin to expire in tax year 2028 and $710,000 are unlimited. Deferred tax assets were $492,124 and $492,124 at June 30, 2023 and 2022, respectively. Valuation allowances are established when necessary to reduce deferred tax assets to the amount expected to be realized. Management has recorded a valuation allowance of $492,124 and $492,124 at June 30, 2023 and 2022, respectively. The increase in the valuation allowance was $119,606 and $119,606 for the year ended June 30, 2023 and 2022, respectively. Returns are generally subject to examinations for three years from the date filed. This period of limitations has expired for tax years prior to 2019. Management continually evaluates tax positions reflected in WHRO's tax filings and does not believe that any material uncertain tax positions exist.

SCHEDULE D, PART XI LINE 2D:

The net $2,671,629 reported on part xi line 2d consists of the sum of (i) the change in value of a split interest agreements ($358,547); (ii) pledge bad debt expense $2,148,305; and rental expenses of $881,871

SCHEDULE D, PART XII, LINE 2D:

Rental expenses of $881,871

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IRS990/Desc0BROADCAST AND DIGITAL CONTENT- WHRO PUBLIC MEDIA IS THE THE LOCAL PUBLIC TELEVISION BROADCASTER IN EASTERN VIRGINIA, PROVIDING QUALITY TELEVISION PROGRAMMING ON FOUR CHANNELS 24 HOURS A DAY. FROM CHILDREN'S SHOWS LIKE SESAME STREET, DANIEL TIGER'S NEIGHBORHOOD TO PBS SHOWCASE PROGRAMS LIKE NOVA, MASTERPIECE, PBS NEWSHOUR, AMERICAN EXPERIENCE AND FRONTLINE, WHRO -TV 15 PROVIDES QUALITY PROGRAMMING FOR ALL AGES. LOCAL BROADCASTS AND DIGITAL CONTENT INCLUDE, CURATE, AND DOCUMENTARIES SUCH AS CITY VOICES: HOMELESSNESS TO HOPEFULNESS. WHRO BROADCASTS EDUCATIONAL TELEVISION THAT DELIGHTS CHILDREN WHILE BUILDING READING, SCIENCE, TECHNOLOGY AND MATH SKILLS, PROGRAMS FOR LIFE-LONG LEARNING, PUBLIC AFFAIRS ANALYSIS AND DOCUMENTARIES, PERFORMANCE PROGRAMMING CELEBRATING CULTURAL DIVERSITY AND THE COUNTRY, ACCLAIMED HISTORY, SCIENCE AND NATURE PROGRAMMING, AND THE BEST IN INDEPENDENT FILMS. WHRV 89.5 FM RADIO IS THE PLACE TO HEAR NPR PROGRAMS LIKE MORNING EDITION AND ALL THINGS CONSIDERED, AMERICAN PUBLIC MEDIA'S MARKETPLACE, AS WELL AS ALTERNATIVE, JAZZ AND FOLK MUSIC. ANOTHER VIEW HOSTED BY BARBARA HAMM LEE PROVIDES A FORUM TO THE OPEN EXCHANGE OF IDEAS AND OPINIONS. PODCASTS/BROADCASTS INCLUDE OUT THE BOX ALBUM OF THE WEEK, OPENING NIGHT WITH REBECCA EVANS, BIRDNOTES, EDUCATIONALLY SPEAKING, THE EMERGING LEADERS SMART PILL, WRITER'S BLOCK AND ARTS CONVERSATIONS. WHRO 90.3 FM RADIO PROVIDES 24-HOUR CLASSICAL MUSIC AND FINE ARTS PROGRAMMING AND IS AN IMPORTANT CONNECTION BETWEEN THE MANY FINE PERFORMING ARTS ORGANIZATIONS IN THE AREA AND THE COMMUNITY THROUGH PARTNERSHIPS TO RECORD AND BROADCAST CONCERTS, PROMOTE EVENTS, AND HIGHLIGHT THE RICH CULTURAL OFFERINGS OF OUR REGION INCLUDING BROADCASTS OF PERFORMANCES BY VISITING ARTISTS.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT/CRO
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIR CORP. SUPPORT

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$32.8$2.55$30.3$16.7$17.3$0.58
2023Detailed filing. Detailed filing data is available for this year.$31.5$2.01$29.5$15.8$17.6$1.73
2022Detailed filing. Detailed filing data is available for this year.$32.0$3.80$28.2$13.9$14.8$0.89
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$34.1$3.40$30.7$22.2$17.1$5.08
2020Detailed filing. Detailed filing data is available for this year.$32.5$9.05$23.4$20.5$14.8$5.70
2019Detailed filing. Detailed filing data is available for this year.$23.2$5.86$17.3$13.3$14.3$1.05
2018Detailed filing. Detailed filing data is available for this year.$21.5$4.97$16.5$13.3$14.0$0.61
2017Detailed filing. Detailed filing data is available for this year.$23.1$5.17$17.9$14.9$14.4$0.44
2016Detailed filing. Detailed filing data is available for this year.$21.4$4.77$16.6$12.9$14.2$1.38
2015Detailed filing. Detailed filing data is available for this year.$23.6$4.87$18.7$16.0$13.6$2.44
2014Detailed filing. Detailed filing data is available for this year.$22.1$5.62$16.5$13.8$14.3$0.59
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.2$5.42$16.7$14.1
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.5$4.64$17.9$15.7
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.5$3.71$13.8$15.4