Civic Intelligence

Public Broadcasting of Colorado Inc

EIN 74-2324052 • 501(c)3 • Centennial, CO

View Organization Page

Profile

To deliver meaningful news, music, and cultural experiences to everyone in colorado using the power of the human voice in all its forms

7409 S Alton CTCentennial, CO 80112

www.cpr.org

Siviq Scores

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

Liabilities / Assets

51st percentile

0.26x

Higher debt load relative to assets than 51% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2025

Liabilities / Revenue

60th percentile

0.49x

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

501(c)3 • $50M-$100M nonprofits • Source year 2025

Net Margin

76th percentile

20%

Higher net margin than 76% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2025

Top Officer Pay

46th percentile

$336,735

Higher top officer pay than 46% of similar nonprofits.

Top officer pay equals 1.0% of source-year revenue.

501(c)3 • $50M-$100M nonprofits • Source year 2025

Asset Growth

61st percentile

8.7%

Faster asset growth than 61% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2024 to 2025

Revenue Growth

74th percentile

24%

Faster revenue growth than 74% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets51st percentile

Assets

Up

$63,575,749

Up $5,080,456 (+8.7%) from 2024

Liabilities

Down

$16,325,362

Down $2,095,525 (-11%) from 2024

Net Assets

Up

$47,250,387

Up $7,175,981 (+18%) from 2024

Operations
Liabilities / Revenue60th percentileNet Margin76th percentile

Revenue

Up

$33,304,205

Up $6,344,924 (+24%) from 2024

Expenses

Down

$26,554,438

Down $3,103,978 (-10%) from 2024

Net Income

Up

$6,749,767

Up $9,448,902 (+350%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth61st percentile

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

$80M$60M$40M$20M$0Assets 2010: $25,824,198Liabilities 2010: $13,691,651Net Assets 2010: $12,132,5472010Assets 2011: $27,877,194Liabilities 2011: $13,557,491Net Assets 2011: $14,319,7032011Assets 2012: $28,236,510Liabilities 2012: $12,856,216Net Assets 2012: $15,380,2942012Assets 2013: $30,507,808Liabilities 2013: $12,701,308Net Assets 2013: $17,806,5002013Assets 2014: $32,566,417Liabilities 2014: $12,417,015Net Assets 2014: $20,149,4022014Assets 2015: $39,025,003Liabilities 2015: $17,018,798Net Assets 2015: $22,006,2052015Assets 2016: $39,974,401Liabilities 2016: $16,154,499Net Assets 2016: $23,819,9022016Assets 2017: $41,820,375Liabilities 2017: $15,362,818Net Assets 2017: $26,457,5572017Assets 2018: $44,924,838Liabilities 2018: $15,225,445Net Assets 2018: $29,699,3932018Assets 2019: $49,651,108Liabilities 2019: $14,552,183Net Assets 2019: $35,098,9252019Assets 2020: $51,193,458Liabilities 2020: $16,930,672Net Assets 2020: $34,262,7862020Assets 2021: $57,322,047Liabilities 2021: $18,015,832Net Assets 2021: $39,306,2152021Assets 2022: $54,746,932Liabilities 2022: $15,650,644Net Assets 2022: $39,096,2882022Assets 2023: $61,880,719Liabilities 2023: $19,837,877Net Assets 2023: $42,042,8422023Assets 2024: $58,495,293Liabilities 2024: $18,420,887Net Assets 2024: $40,074,4062024Assets 2025: $63,575,749Liabilities 2025: $16,325,362Net Assets 2025: $47,250,3872025

Highlighted filing

2025

Assets$63,575,749
Liabilities$16,325,362
Net Assets$47,250,387
Open 2025 Filing

Operations Trend

Revenue Growth74th percentile

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

$40M$30M$20M$10M$0-$10MExpenses 2010: $9,683,0362010Expenses 2011: $10,362,4452011Revenue 2012: $12,743,105Expenses 2012: $11,652,578Net Income 2012: $1,090,5272012Expenses 2013: $11,851,3822013Revenue 2014: $15,045,226Expenses 2014: $13,208,004Net Income 2014: $1,837,2222014Revenue 2015: $15,818,913Expenses 2015: $13,745,768Net Income 2015: $2,073,1452015Revenue 2016: $16,894,494Expenses 2016: $15,042,089Net Income 2016: $1,852,4052016Revenue 2017: $18,414,790Expenses 2017: $15,777,135Net Income 2017: $2,637,6552017Revenue 2018: $20,833,261Expenses 2018: $17,648,179Net Income 2018: $3,185,0822018Revenue 2019: $24,553,587Expenses 2019: $19,483,197Net Income 2019: $5,070,3902019Revenue 2020: $23,206,947Expenses 2020: $23,855,264Net Income 2020: -$648,3172020Revenue 2021: $29,993,761Expenses 2021: $26,047,111Net Income 2021: $3,946,6502021Revenue 2022: $30,698,743Expenses 2022: $27,729,483Net Income 2022: $2,969,2602022Revenue 2023: $36,884,135Expenses 2023: $30,837,107Net Income 2023: $6,047,0282023Revenue 2024: $26,959,281Expenses 2024: $29,658,416Net Income 2024: -$2,699,1352024Revenue 2025: $33,304,205Expenses 2025: $26,554,438Net Income 2025: $6,749,7672025

Highlighted filing

2025

Revenue$33,304,205
Expenses$26,554,438
Net Income$6,749,767
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$63,575,749
Liabilities
$16,325,362
Net assets
$47,250,387
Revenue
$33,304,205
Expenses
$26,554,438
Net income
$6,749,767
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$63.6$16.3$47.3$33.3$26.6$6.75
2024Detailed filing. Detailed filing data is available for this year.$58.5$18.4$40.1$27.0$29.7$2.70
2023Detailed filing. Detailed filing data is available for this year.$61.9$19.8$42.0$36.9$30.8$6.05
2022Detailed filing. Detailed filing data is available for this year.$54.7$15.7$39.1$30.7$27.7$2.97
2021Detailed filing. Detailed filing data is available for this year.$57.3$18.0$39.3$30.0$26.0$3.95
2020Detailed filing. Detailed filing data is available for this year.$51.2$16.9$34.3$23.2$23.9$0.65
2019Detailed filing. Detailed filing data is available for this year.$49.7$14.6$35.1$24.6$19.5$5.07
2018Detailed filing. Detailed filing data is available for this year.$44.9$15.2$29.7$20.8$17.6$3.19
2017Detailed filing. Detailed filing data is available for this year.$41.8$15.4$26.5$18.4$15.8$2.64
2016Detailed filing. Detailed filing data is available for this year.$40.0$16.2$23.8$16.9$15.0$1.85
2015Detailed filing. Detailed filing data is available for this year.$39.0$17.0$22.0$15.8$13.7$2.07
2014Detailed filing. Detailed filing data is available for this year.$32.6$12.4$20.1$15.0$13.2$1.84
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$30.5$12.7$17.8$11.9
2012Summary only. Only limited summary data is available for this year.$28.2$12.9$15.4$12.7$11.7$1.09
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$27.9$13.6$14.3$10.4
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$25.8$13.7$12.1$9.68
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Feb 23, 2026
Return Version
2024v5.5
Gross Receipts
$39,335,427
Mission and Program Overview

Mission

To deliver meaningful news, music, and cultural experiences to everyone in colorado using the power of the human voice in all its forms

To deliver meaningful news, music, and cultural experiences to everyone in colorado

Balance Sheet Detail
LineBeginningEndChange
Assets
Intangible Assets$19,475,804$19,475,804→ $0
Land, Buildings, and Equipment, Net$16,604,512$18,363,111▲ $1,758,599
Investments in Publicly Traded Securities$13,786,951$16,133,506▲ $2,346,555
Savings and Temporary Cash Investments$2,955,386$3,867,506▲ $912,120
Pledges and Grants Receivable$658,780$875,113▲ $216,333
Accounts Receivable$671,350$805,605▲ $134,255
Prepaid Expenses and Deferred Charges$480,604$434,672▼ $45,932
Total Assets$58,495,293$63,575,749▲ $5,080,456
Other Assets Total$3,861,906$3,620,432▼ $241,474
Liabilities
Tax Exempt Bond Liabilities$11,448,520$10,623,265▼ $825,255
Other Liabilities$4,070,955$3,951,701▼ $119,254
Accounts Payable and Accrued Expenses$1,957,451$1,521,777▼ $435,674
Unsecured Notes Loans Payable$800,000$0▼ $800,000
Deferred Revenue$143,961$228,619▲ $84,658
Total Liabilities$18,420,887$16,325,362▼ $2,095,525
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$37,001,550$42,214,632▲ $5,213,082
Net Assets With Donor Restrictions$3,072,856$5,035,755▲ $1,962,899
Total Net Assets Fund Balance$40,074,406$47,250,387▲ $7,175,981
Total Liabilities and Net Assets / Fund Balance$58,495,293$63,575,749▲ $5,080,456

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,098,215$10,843,400$11,941,615
Other Land Buildings$10,913,827-$10,913,827
Buildings$1,997,209$3,415,231$5,412,440
Leasehold Improvements$2,727,887$1,407,230$4,135,117
Land$1,625,973-$1,625,973
Other Assets Org$3,573,069--
Compensation and Service Providers
Top Officer Pay46th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Stewart VanderwiltPresidentFT$319,146$18,030$337,176
Jenny GentryChief Operating OfficerFT$204,384$13,205$217,589
Sean NetherySVP, Content & PlanningFT$177,091$13,655$190,746
Jodi GershSVP, Audience & PlatformsFT$176,205$11,569$187,774
Kevin DaleExecutve EditorFT$169,124$13,720$182,844
Donald DixonVP, Technology & InfrastructureFT$149,808$26,900$176,708
Latoya LinzeySVP, People & CultureFT$160,870$13,215$174,085
Dean PhannenstielVP, EngineeringFT$158,228$13,069$171,297
Cynthia RailsbackDirector of Corp. Support (thru 8/24)FT$115,032$50,380$165,412
Kim NguyenSenior Director of Digital PlatformsFT$147,791$505$148,296

Board Members and Trustees

NameTitle
Lori BergenChair
Rishi HingoraneyVice Chair
Adrian MillerDirector
Amy BlairDirector
Andra ZeppelinDirector
Brandy SchultzDirector
Carlos Hipolito-delgadoDirector
Jay RollsDirector
Jeff TiemanDirector
Linda Appel LipsiusDirector
Marla Jones NewmanDirector
Michelle SobelDirector
Ned HardingDirector
Nelson HioeDirector
Robert MooreDirector
Sarah ShraderDirector
Sharon SchneiderDirector
Sherisse HawkinsDirector
Stephen ErkenbrackDirector
Deidre JohnsonSecretary
Ricardo BacaTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Market EnginuityPublic Media Sponsorship Services5227 NORTH 7TH STREET SUITE 18012, Phoenix, AZ 85014$771,888
Semple Brown Design PCArchitectural Services1160 SANTA FE DRIVE, Denver, CO 80204$700,592
Next Generation FundraisingFundraising1235 WESTLAKE DR, Bevyen, PA 19312$335,845
Artaic Group LLCConstruction Project Management2650 18TH ST SUITE 301, Denver, CO 80211$145,178
Radio Research ConsortiumAudience Data Research18200 HILLCREST AVENUE, Olney, MD 20832$114,745
Revenue and Support

Revenue Composition

Contributions and Grants
$27,192,369
Program Service Revenue
$5,067,761
Investment Income
$835,240
Other Revenue
$208,835
All Other Contributions
$27,192,369
Change in Net Assets
$6,749,767

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
Cars and Other Vehicles2,000$2,469,295Net Proceeds
Securities Publicly Traded54$2,062,077Selling Price
Total Noncash Contributions2,054$4,531,372-

Audited Revenue Reconciliation

Revenue per Audited Statements
$33,249,098
Revenue Not Reported on Financial Statements
$55,107
Revenue Not Reported on Form 990
$426,214
Total Revenue per Audited Statements
$33,675,312
Total Revenue per Form 990
$33,304,205
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$16,280,473
Other Expenses$10,273,965
Total Fundraising Expense$4,114,359
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$9,921,940$812,145$1,995,920$12,730,005
Fees for Services Other$1,723,932$296,102$124,253$2,144,287
Occupancy$1,407,694$346,797$55,812$1,810,303
Other Employee Benefits$990,852$81,105$199,322$1,271,279
Current Officers, Directors, Trustees, and Key Employees$417,430$377,916$327,656$1,123,002
Payroll Taxes$864,458$70,759$173,896$1,109,113
Office Expenses$428,545$58,224$346,032$832,801
Depreciation Depletion$655,614$52,504$24,807$732,925
Information Technology$366,917$12,162$226,216$605,295
All Other Expenses$242,672$29,205$94,372$366,249
Interest$291,013$4,555$5,545$301,113
Travel$71,112$99,600$53,307$224,019
Other Expenses$175,752$1,572$3,183$180,507
Insurance$103,456$12,718$15,482$131,656
Advertising$52,081$394$73,870$126,345
Fees for Service Investment Mgmnt Fees-$55,107-$55,107
Pension Plan Contributions$36,690$3,003$7,381$47,074
Total Functional Expenses$20,119,471$2,320,608$4,114,359$26,554,438

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$26,554,438
Expenses per Audited Statements$26,499,331
Total Expenses per Audited Statements$26,499,331
Expenses Not Reported on Financial Statements$55,107
Expenses Not Reported on Form 990$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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liability$3,938,416
Tenant Security Deposit$13,285

Bond Issues

BondIssuerIssuedIssue PricePurpose
AColorado Educational & Cultural Facilities Authorities2020-10-08$14,800,000Refund series 2012 and 2015 bonds issued 5/31/12 and 4/29/15

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$14,800,000$12,392,635$4,176,735$136,495

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
No
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“Staff submits the draft form 990 to the finance and audit committee of the board of directors. The committee reviews the return in detail with staff and then presents to the board for approval before filing.”

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

“The organization's conflict of interest policy requires that directors disclose any conflict and recuse themselves from any deliberations or decisions where a conflict exists.”

Form 990, Part VI, Section B, Line 15

“In 2022, cpr underwent the creation of an organization-wide compensation and classification structure. An outside consultant analyzed each position to determine appropriate job matches to classify each position and used market data from six different sources. The new compensation and classification structure ensure that cpr aligns with our compensation philosophy to complement and support the organization's mission by attracting, motivating, rewarding and retaining talent so that the mission and purpose can be achieved. We offer a competitive base pay structure that aligns with the market, and make pay decisions consistently and fairly. The structure is designed to be externally competitive and internally equitable and will be completely re-evaluated every two years to determine if we are keeping up with market changes. The cpr board of directors reviews and approves any salary change for the president based on a performance evaluation conducted by the board. The senior vice president of people and culture receives a written confirmation from the board regarding a salary change and appropriate documentation of the deliberation and decision is substantiated in the organization's books and records. The cpr president reviews and recommends salary changes for each senior executive based on individual performance evaluations. After review by the committee, the senior vice president of people and culture receives a written confirmation from the president regarding salary changes for each senior executive. Note that cpr, along with many public radio organizations, has experienced financial challenges. The president, coo and senior vice presidents all had reductions in their compensation effective 7/1/23, ranging from 3%-10%. The reductions were restored effective 7/1/25.”

Form 990, Part VI, Section C, Line 19

“Governing documents and audited financial statements are available on the organization's website.”

Filing and Contact Details

Filer

Filer Name
Public Broadcasting of Colorado Inc
EIN
74-2324052
Phone
3038719191
Address
7409 S ALTON CT, CENTENNIAL, CO 80112
Doing Business As
Colorado Public Radio

Signing Officer

Name
Jenny Gentry
Title
Chief Operating Officer
Phone
3038719191
Signed
2026-02-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jenny Gentry
Formed
1982
Legal Domicile
Co
Voting Board Members
22
Independent Board Members
21
Employees
210
Volunteers
21

Preparer

Firm
Eide Bailly Llp
Address
2950 E HARMONY RD STE 290, FORT COLLINS, CO 80528-3429
Preparer
Kyle Fritch CPA
Phone
9702238825
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“Public broadcasting of colorado, inc. Dba colorado public radio is organized as a colorado nonprofit corporation and has been recognized by the internal revenue service (irs) as exempt from federal income taxes under section 501(a) of the internal revenue code as an organization described in section 501(c)(3), qualifies for the charitable contribution deduction, and has been determined not to be a private foundation. We are annually required to file a return of organization exempt from income tax (form 990) with the irs. In addition, we are subject to income tax on net income that is derived from business activities that are unrelated to our exempt purposes. We have filed an exempt organization business income tax return (form 990t) with the irs to report unrelated business taxable income. These tax filings are no longer subject to examination for years before 2022. We believe that we have appropriate support for any tax positions taken affecting our annual filing requirements, and as such, do not have any uncertain tax positions that are material to the financial statements. We would recognize future accrued interest and penalties related to unrecognized tax benefits and liabilities in income tax expense if such interest and penalties are incurred.”

Raw XML AppendixShowing 400 of 997 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.

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IRS990/Desc0PROGRAMMING AND PRODUCTION EXPENSES CONSIST OF STAFF AND RELATED EXPENSES TO BROADCAST THREE DISTINCT FORMATS CPR NEWS AND KRCC, CPR CLASSICAL, AND INDIE 102.3, ON AIR 24 HOURS A DAY, 7 DAYS A WEEK, AS WELL AS THREE DISTINCT WEBSITES, CPR.ORG, KRCC.ORG, AND DENVERITE.COM. BROADCAST RADIO AUDIENCE REACH WAS APPROXIMATELY 531,000 LISTENERS WEEKLY (SOURCE: NIELSEN FALL 2024/SPRING 2025). MONTHLY DIGITAL AUDIENCE AVERAGES INCLUDED 956,000 ONLINE VISITORS FOR CPR.ORG/KRCC.ORG, 323,000 VISITORS TO DENVERITE.COM, AND 212,000 STREAMING LISTENERS. PODCASTS PRODUCED BY COLORADO PUBLIC RADIO HAD AN AVERAGE OF 19,000 SUBSCRIBERS WEEKLY, AND THERE WERE 115,000 SUBSCRIBERS TO CPR AND KRCC NEWSLETTERS.
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IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt23SVP, CONTENT & PLANNING
IRS990/Form990PartVIISectionAGrp/TitleTxt24SVP, AUDIENCE & PLATFORMS
IRS990/Form990PartVIISectionAGrp/TitleTxt25SVP, PEOPLE & CULTURE
IRS990/Form990PartVIISectionAGrp/TitleTxt26EXECUTVE EDITOR
IRS990/Form990PartVIISectionAGrp/TitleTxt27VP, ENGINEERING
IRS990/Form990PartVIISectionAGrp/TitleTxt28VP, TECHNOLOGY & INFRASTRUCTURE
IRS990/Form990PartVIISectionAGrp/TitleTxt29SENIOR DIRECTOR OF DIGITAL PLATFORMS
IRS990/Form990PartVIISectionAGrp/TitleTxt30DIR. OF CORP. SUPPORT (THRU 8/24)
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