Civic Intelligence

Kqed Inc.

990 • Fiscal year 2020 • EIN 94-1241309

Oct 01, 2019 to Sep 30, 2020 • Filed on Aug 16, 2021

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2601 Mariposa StreetSan Francisco, CA 94110-1400

(415) 864-2000

Siviq Scores

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

Liabilities / Assets

26th percentile

0.13x

Higher debt load relative to assets than 26% of similar nonprofits.

2020 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2020

Liabilities / Revenue

33rd percentile

0.37x

Higher debt load relative to revenue than 33% of similar nonprofits.

2020 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2020

Net Margin

71st percentile

11%

Higher net margin than 71% of similar nonprofits.

2020 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2020

Top Officer Pay

56th percentile

$984,444

Higher top officer pay than 56% of similar nonprofits.

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

2020 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2020

Asset Growth

60th percentile

9.4%

Faster asset growth than 60% of similar nonprofits.

2020 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2019 to 2020

Revenue Growth

14th percentile

-15%

Faster revenue growth than 14% of similar nonprofits.

2020 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2019 to 2020

Assets

Up

$304,837,195

Up $26,318,122 (+9.4%) from 2019

Net Assets

Up

$266,411,301

Up $9,264,708 (+3.6%) from 2019

Liabilities

Up

$38,425,894

Up $17,053,414 (+80%) from 2019

Revenue

Down

$103,418,209

Down $18,066,717 (-15%) from 2019

Expenses

Up

$91,988,688

Up $2,550,590 (+2.9%) from 2019

Net Income

Down

$11,429,521

Down $20,617,307 (-64%) from 2019

Historical Trend

Balance Sheet Trend

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

$400M$300M$200M$100M$0Assets 2012: $110,268,988Liabilities 2012: $11,134,828Net Assets 2012: $99,134,1602012Assets 2013: $122,805,316Liabilities 2013: $11,997,094Net Assets 2013: $110,808,2222013Assets 2014: $131,151,221Liabilities 2014: $15,245,392Net Assets 2014: $115,905,8292014Assets 2015: $133,492,343Liabilities 2015: $14,086,200Net Assets 2015: $119,406,1432015Assets 2016: $143,814,803Liabilities 2016: $15,362,430Net Assets 2016: $128,452,3732016Assets 2017: $249,062,282Liabilities 2017: $16,606,343Net Assets 2017: $232,455,9392017Assets 2018: $246,449,309Liabilities 2018: $18,389,020Net Assets 2018: $228,060,2892018Assets 2019: $278,519,073Liabilities 2019: $21,372,480Net Assets 2019: $257,146,5932019Assets 2020: $304,837,195Liabilities 2020: $38,425,894Net Assets 2020: $266,411,3012020Assets 2022: $310,267,088Liabilities 2022: $23,865,536Net Assets 2022: $286,401,5522022Assets 2024: $357,038,039Liabilities 2024: $26,149,619Net Assets 2024: $330,888,4202024

Highlighted filing

2020

Assets$304,837,195
Liabilities$38,425,894
Net Assets$266,411,301

Operations Trend

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

$200M$150M$100M$50M$0-$50MExpenses 2012: $60,346,3842012Expenses 2013: $61,827,6722013Revenue 2014: $69,762,856Expenses 2014: $67,381,447Net Income 2014: $2,381,4092014Revenue 2015: $79,259,562Expenses 2015: $70,824,386Net Income 2015: $8,435,1762015Revenue 2016: $82,030,389Expenses 2016: $75,864,373Net Income 2016: $6,166,0162016Revenue 2017: $181,147,626Expenses 2017: $81,269,351Net Income 2017: $99,878,2752017Revenue 2018: $89,451,637Expenses 2018: $95,541,003Net Income 2018: -$6,089,3662018Revenue 2019: $121,484,926Expenses 2019: $89,438,098Net Income 2019: $32,046,8282019Revenue 2020: $103,418,209Expenses 2020: $91,988,688Net Income 2020: $11,429,5212020Revenue 2022: $109,654,912Expenses 2022: $100,998,425Net Income 2022: $8,656,4872022Revenue 2024: $108,945,764Expenses 2024: $113,016,769Net Income 2024: -$4,071,0052024

Highlighted filing

2020

Revenue$103,418,209
Expenses$91,988,688
Net Income$11,429,521
Jump To
Filing Snapshot
Filing Period
Oct 1, 2019 to Sep 30, 2020
Signed
Aug 16, 2021
Return Version
2019v5.2
Gross Receipts
$174,981,007
Mission and Program Overview

Mission

INFORM, INSPIRE, INVOLVE

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$176,668,310$130,346,371▼ $46,321,939
Land, Buildings, and Equipment, Net$36,009,991$75,002,701▲ $38,992,710
Savings and Temporary Cash Investments$41,481,109$73,945,731▲ $32,464,622
Pledges and Grants Receivable$15,725,639$14,763,825▼ $961,814
Accounts Receivable$3,240,203$4,542,971▲ $1,302,768
Prepaid Expenses and Deferred Charges$2,522,289$3,476,347▲ $954,058
Intangible Assets$2,000,207$1,914,134▼ $86,073
Investments Other Securities$538,168$489,882▼ $48,286
Inventories for Sale or Use$272,984$308,140▲ $35,156
Cash and Non-Interest-Bearing Accounts$900$900→ $0
Investments Program Related$0$0→ $0
Total Assets$278,519,073$304,837,195▲ $26,318,122
Other Assets Total$59,273$46,193▼ $13,080
Liabilities
Accounts Payable and Accrued Expenses$12,493,853$21,586,419▲ $9,092,566
Other Liabilities$8,451,943$16,127,703▲ $7,675,760
Deferred Revenue$426,684$711,772▲ $285,088
Total Liabilities$21,372,480$38,425,894▲ $17,053,414
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$187,048,430$195,463,490▲ $8,415,060
Net Assets With Donor Restrictions$70,098,163$70,947,811▲ $849,648
Total Net Assets Fund Balance$257,146,593$266,411,301▲ $9,264,708
Total Liabilities and Net Assets / Fund Balance$278,519,073$304,837,195▲ $26,318,122

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$45,837,777-$45,837,777
Equipment$18,327,747$24,637,920$42,965,667
Buildings$8,160,678$7,262,355$15,423,033
Leasehold Improvements$1,406,808$2,491,048$3,897,856
Land$1,269,691-$1,269,691

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$151,303,737$5,309,590▲ $4,093,095$45,060,775$115,645,647
2018$148,596,443$4,074,454▲ $6,580,559$7,947,719$151,303,737
2017$140,424,425$4,682,857▲ $6,521,054$3,031,893$148,596,443
2016$61,227,599$74,220,046▲ $7,839,899$2,863,119$140,424,425
2015$56,616,773$1,575,445▲ $5,712,519$2,677,138$61,227,599
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
John BolandFormer President and CEOFT$375,480$609,339$984,819
Michael IsipPresident and CEOFT$366,543$127,599$494,142
Sarah SawyerLocal Marketing DirectorFT$340,051$14,748$354,799
Michael BlackExec Director Marketing SponsorshipFT$275,677$37,081$312,758
Elizabeth SeirmarcoLocal Marketing DirectorFT$256,621$48,923$305,544
Maria MillerChief Admin OfficerFT$229,606$70,141$299,747
Holly KernanChief Content OfficerFT$233,540$62,513$296,053
Mitzie KelleyChief Financial OfficerFT$230,197$56,479$286,676
Laureen ChangLocal Marketing DirectorFT$252,266$32,281$284,547
William LoweryGeneral Counsel & Corp SecretaryFT$225,032$55,847$280,879
Delinda MrowkaChief Audience OfficerFT$228,519$41,394$269,913
Georganna KellyVP DevelopmentFT$216,871$51,611$268,482
John ReillyExec Director It & Enterprise SystFT$191,590$74,863$266,453
Jason BrennemanVP, Chief Staff & Special OpsFT$189,528$54,242$243,770
Tim OlsonSr. VP, Strategic Digital Partnershi-$188,570$53,064$241,634
Tim OlsonSr. VP, Strategic Digital PartnershipsFT$211,782$29,273$241,055

Board Members and Trustees

NameTitle
Hank BarryBoard Chair
Nancy SerrurierComm Chair/exc Comm/secretary
Brian CheuComm.chair/exec Comm/treasurer
Alexandra Van HeldenCommittee Chair
Anne AvisCommittee Chair
Camilla SmithCommittee Chair
Mike BlachCommittee Chair
Raj PherwaniCommittee Chair
Tom ChavezCommittee Chair
Meg GarlinghouseCommittee Chair/nominating Committee
Shadi ElkarraCommittee Chair/nominating Committee
John Buoymaster as of 0120Exec Committee/committee Chair
Jennifer CabalquintoBoard Member
Karen EdwardsBoard Member
Lisa Sobrato SonsiniBoard Member
Mallun YenBoard Member
Matthew ZinnBoard Member
Nadia RoumaniBoard Member
Roselyne SwigBoard Member
Annie Jean-baptisteBoard Member (as of 01/20)
Carla JavitsBoard Member (as of 01/20)
James ChamBoard Member (as of 01/20)
Naveen ChopraBoard Member (as of 01/20)
Edward LichtyExecutive Committee
Jaimie StudleyExecutive Committee
Simone Otus CoxeExecutive Committee
Steve BochnerExecutive Committee
Jen McclureNominating Committee
Julia LopezNominating Committee
Mark PerryNominating Committee
Nancy FareseNominating Committee
Sanjay VaswaniNominating Committee (as of 01/20)

Highest Paid Contractors

ContractorServicesLocationCompensation
Cahill Contractors LLCConstruction Svcs425 CALIFORNIA ST SUITE 2200, San Francisco, CA 94101$8,455,221
Esherick Homsey Dodge & Davis ArchBuilding DesignPIER 1 EMBARCADERO, San Francisco, CA 94111$3,020,386
Bechtel Group INCSpace Rental/svcsPO BOX 7700, Glendale, AZ 85312$1,853,484
One Diversified LLCInstallation Svcs37 MARKET STREET, Kenilworth, NJ 07033$1,744,154
Dsi Video Systems LLCInstallation Svcs37 MARKET STREET, Kenilworth, NJ 07033$1,512,065
Revenue and Support

Revenue Composition

Contributions and Grants
$82,468,363
Program Service Revenue
$13,396,601
Investment Income
$7,010,229
Other Revenue
$543,016
All Other Contributions
$74,621,612
Change in Net Assets
$11,429,521

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 Vehicles3,929$3,268,072Fair Market Value (FMV)
Securities Publicly Traded134$605,085Fair Market Value (FMV)
Other Non Cash Contri Table8$57,035Fair Market Value (FMV)
Total Noncash Contributions4,071$3,930,192-

Audited Revenue Reconciliation

Revenue per Audited Statements
$103,090,881
Revenue Not Reported on Financial Statements
$327,328
Revenue Not Reported on Form 990
$-1,247,149
Other Revenue Adjustments
$-18,355
Total Revenue per Audited Statements
$101,843,732
Total Revenue per Form 990
$103,418,209
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$51,989,987
Other Expenses$37,897,776
Total Fundraising Expense$19,502,520
Professional Fundraising Fees$2,100,925
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$24,119,306$4,707,147$7,001,154$35,827,607
Other Employee Benefits$5,056,259$1,460,015$1,377,154$7,893,428
Depreciation Depletion$5,312,328$661,468$519,061$6,492,857
Occupancy$4,123,982$444,607$500,664$5,069,253
Office Expenses$1,951,841$304,219$2,705,342$4,961,402
Payroll Taxes$2,172,161$623,880$669,737$3,465,778
Fees for Services Other$2,150,937$278,838$571,027$3,000,802
Current Officers, Directors, Trustees, and Key Employees$566,364$1,722,257$565,868$2,854,489
Information Technology$1,713,797$310,843$489,772$2,514,412
Fees for Services Professional Fundraising--$2,100,925$2,100,925
Pension Plan Contributions$888,160$255,094$273,844$1,417,098
All Other Expenses$279,057$147,834$260,310$687,201
Other Expenses$685,088$14$631,729$631,729
Advertising$502,076$11,425$90,296$603,797
Comp Disqual Persons-$531,587-$531,587
Fees for Service Investment Mgmnt Fees-$345,683-$345,683
Insurance$201,955$71,967$41,584$315,506
Travel$233,118$26,164$38,871$298,153
Fees for Services Legal-$281,503$6,228$287,731
Fees for Services Accounting-$100,029-$100,029
Royalties$99,801-$30$99,831
Fees for Services Lobbying$61,590--$61,590
Conferences and Meetings$30,823$3,653$13,500$47,976
Interest-$41,589-$41,589
Total Functional Expenses$60,071,218$12,414,950$19,502,520$91,988,688

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$92,579,025
Total Expenses per Form 990$91,988,688
Expenses per Audited Statements$91,643,005
Expenses Not Reported on Form 990$936,020
Expenses Not Reported on Financial Statements$345,683
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$2,100,925
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Ppp Loan$8,116,900
Liab. to Beneficiaries of Charitable Gift Annuities & Trust$3,973,922
Deferred Compensation Obligations$2,234,423
Accrued Broadcast Rights$1,499,253
Deferred Rent Liability$266,290
Accrued Interest$36,915
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

Form 990 review process the process for reviewing the kqed form 990 prior to filing included a virtual meeting and presentation by the organization's cpa firm to the audit committee, a review by the controller, cfo, and the audit committee of the board. After the audit committee approves the form 990, the form 990 is provided to all voting members of the board prior to filing.

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

Monitoring and enforcement of conflict-of-interest policy in accordance with the organization's conflict of interest policy, all directors, officers, and key employees fill out and sign a conflict of interest disclosure form, which is reviewed and maintained in the general counsel's office. Key employees and officers fill out the conflict of interest disclosure form annually. Board of directors fill out the conflict of interest disclosure form when their initial term commences, and then are asked annually to report any changes that would give rise to a conflict of interest. If a conflict of interest were to arise, the key employee, officer or board member with the conflict would be recused from the decision making process.

Form 990, Part VI, Section B, Line 15

Process for determining compensation of officers and key employees the executive committee of the board is responsible for reviewing the compensation of the president/ceo, and it makes recommendations to the board of directors, who approved any such compensation. The president/ceo is recused from any discussion and vote. The process followed by the board to develop and approve the compensation package for the president/ceo included the review of data on comparable compensation packages and recommendations, prepared by an outside consultant. Based on the data and recommendations from the consultant as well as an evaluation of the president/ceo's performance against previously set goals, the executive committee deliberated and agreed upon recommendations to the board. The full board deliberated about the compensation package based on the recommendations from the executive committee and approved the salary for the president/ceo. In determining salaries for other officers and key employees, kqed's president/ceo and its chief administrative officer, analyze data from relevant compensation surveys, including the executive compensation survey sponsored by weta, and the executive compensation for pbs station survey. In addition, they have discussions with contemporaries at similarly situated public broadcasting stations concerning compensation for key employees in comparable positions. Finally, they consider the historical and current compensation paid by kqed for comparable positions, as well as the skills and experience of the individual employee.

Form 990, Part VI, Section C, Line 19

Documents made available to the public: the organization's governing documents, conflict of interest policy, and financial statements are available to the public upon request for the same period of time set forth in 26 u.s. Code 6104(d). Condensed financial information is also made available to the public via the annual kqed report to the community, which is posted on the organization's website in addition to its form 990 and audited financial statements.

FORM 990, PART VIII, LINE 1E:

Contributions received as govt. Grants corporation for public broadcasting is a private, not-for-profit corporation. It receives appropriations from congress, which it distributes to support a national policy for growth and development of radio and television broadcasting.

Filing and Contact Details

Filer

Filer Name
Kqed Inc
EIN
94-1241309
Phone
4158642000
Address
2601 MARIPOSA STREET, SAN FRANCISCO, CA 94110-1400

Signing Officer

Name
Mitzie Kelley
Title
CFO
Phone
4155532829
Signed
2021-08-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Isip
Formed
1954
Legal Domicile
CA
Voting Board Members
32
Independent Board Members
32
Employees
599
Volunteers
0

Preparer

Firm
Grant Thornton Llp
Address
101 CALIFORNIA STREET SUITE 2700, SAN FRANCISCO, CA 94111
Preparer
Qi Wen Liang
Phone
4159863900
Supplemental Narrative

Additional Explanations

FORM 990, PART III, LINE 1:

Description of organization mission kqed serves the people of northern california with a community-supported alternative to commercial media, providing citizens with the knowledge they need to make informed decisions; convening community dialogue; bringing the arts to everyone; and engaging audiences to share their stories. Kqed helps students and teachers thrive in 21st-century classrooms and takes people of all ages on journeys of exploration - exposing them to new people, places and ideas. Kqed's vision kqed is redefining public media for the bay area, making it more inclusive, participatory and community powered. We celebrate diversity, embrace innovation, value lifelong learning and partner with those who share our passion for public service.

FORM 990, PART III, LINE 4A:

Program service accomplishments kqed's multidisciplinary content teams - focusing on news; arts & culture; education and science - work to expand regional coverage and ensure our content is available via mobile, social and interactive media as well as on radio and television. In fy20, new multimedia projects included the political mind of jerry brown and sold out: rethinking housing in america. Above the noise, deep look, mindshift, rightnowish, truth be told, bay curious and other projects also continued this year. The political mind of jerry brown explores brown's take on government, politics and the state he loves. It aired on kqed public radio and was also released as a podcast. Sold out: rethinking housing in america, envisions what home should be by examining california, the epicenter of the nation's affordability crisis. The podcast focuses on dreamers and doers who are finding solutions to high housing costs. Each year, kqed celebrates the diversity of our community with a special lineup of programs, including events and film screenings during black history; women's history; asian american pacific islander; lesbian gay bisexual transgender queer (lgbtq); latino heritage; indian heritage; and disability culture awareness months. Kqed has long recognized the important connection between cultural heritage and the arts and has made events (online this year because of the pandemic) an integral part of our heritage month celebrations.

FORM 990, PART III, LINE 4B:

Program service accomplishments kqed 9 and kqed plus are among the nation's most-watched public television stations with an average of 843,000 weekly viewers in the san francisco-oakland-san jose market. Kqed owns and operates public television stations kqed-tv/dt channel 9 (san francisco), kqeh-tv/dt channel 54 (san jose) and kqet-tv/dt channel 25 (watsonville/monterey). Kqed's digital television channels include kqed 9; kqed plus; kqed world; and pbs kids, and are available 24/7 over the air and on cable. Since first going on the air in 1954, kqed has been an integral part of the bay area's media and cultural landscape. The station produces its own unique content and collaborates with filmmakers and documentary producers to present independent programming. Kqed public television is committed to producing, co-producing and presenting content that serves the people of northern california and beyond. In fy20, kqed continued to broadcast locally produced series showcasing different aspects of life in the bay area. Programs included the 15th season of check, please! Bay area, where local diners review their favorite bay area restaurants; and spin-off episodes check, please! Bay area kids; the 7th season of kqed newsroom, a weekly multiplatform news program on television, radio and online; and the documentary series truly ca, which presented 10 independently produced films in its 15th season. Kqed was also a leader in presenting independent productions to nationwide audiences, including several releases from roadtrip nation, including rerouting, making it balance and to be determined. Also, kqed presented joanne weir's plates and places, season three; and a collaborative release with the world channel called states of america. Kqed supported these programs in finding distribution and national audiences in fy20.

FORM 990, PART III, LINE 4C:

Program service accomplishments kqed public radio is among the most-listened-to public radio stations in the nation, with an average of 728,533 weekly radio listeners in the san francisco metro survey area, and an additional 31,808 in the sacramento area. Kqed owns and operates kqed public radio 88.5 fm san francisco and 89.3 fm sacramento. Its award-winning news and public affairs program service can be heard on 88.5 fm or comcast channel 960 in san francisco, kqei 89.3 fm in sacramento and 88.3 fm in santa rosa and 88.1 fm in martinez. Kqed public radio broadcasts many of npr's stellar programs. Kqed public radio also produces a significant number of local programs and series, including the award-winning forum; political breakdown; the california report, a weekday news report carried across the state, and its counterpart the california report magazine, a weekly 30-minute news magazine. In addition, there are weekly kqed science radio reports and 18 weekday and weekend kqed news reports. Kqed public radio presented content from the commonwealth club of california, the world affairs council and city arts and lectures. It also broadcasts a radio version of kqed newsroom. Kqed public radio continued to embrace 21st-century media techniques in 2020, serving the san francisco bay area with content through a wide array of on-demand online services. Some kqed public radio broadcasts are also part of the sirius satellite network. Kqed public radio staff received two awards from the society of professional journalists (national). Form 990, part iii, line 4d: other program services kqed digital, which includes kqed.org, develops content and applications for digital platforms, smart speakers and mobile devices; hosts online services for kqed public television, kqed public radio and kqed educational services; and serves as a community convener, providing event listings, resources, online polls, podcasts, blogs and other items of timely interest. Kqed.org functions as kqed's third media platform, delivering content specifically acquired and produced for the web. Kqed series and blogs include deep look, a remarkable science video series on the pbs digital studios network; above the noise, series that investigates controversial subject matter to help young viewers draw informed conclusions, also on the pbs digital studios network; if cities could dance, a videos series that explores dancers from around the country; mindshift, a blog and podcast series exploring the future of learning in all its dimensions; local news podcasts; and the california report. Additional podcasts include bay curious, about the unexplored san francisco bay area; the bay, a local news podcast; and more. Kqed digital is a leader in the national public broadcasting arena, developing interactive technology products and digital content that serve the bay area's growing digital-first audience. This year, we reached this audience through a smart speaker series called the voicebot chronicles, which earned a webby award for best writing in the apps, mobile and voice category. Kqed.org's audience continues to grow and is one of the most-trafficked public media websites in the united states. In fy20, kqed.org served an average of 1.8 million unique users each month and an average of 5.7 million monthly page views of its online content. Proposed language: in fy20, kqed reached a weekly average of approximately 593,000 website users. Kqed received prominent awards for multimedia/web content in fy20. They include two northern california emmy awards for portraits of napa workers: arleene correa valencia and for deep look; the curious webspinner insect knits a cozy home. Kqed also won national edward r. Murrow awards for graying california, a collaborative reporting project. The bay podcast won a regional edward r. Murrow award for excellence in innovation. And kqed was also awarded five additional regional edward r. Murrow awards. Kqed's arts & culture team's feature-length film

Covid-19 Disclosure

On january 30, 2020, the world health organization ("who") announced a global health emergency because of a new strain of coronavirus (the "covid-19 outbreak") and the risks to the international community as the virus spread globally beyond its point of origin. In march 2020, the who classified the covid-19 outbreak as a pandemic. The corporation saw a reduction in underwriting revenue, due to a decline in demand for on-air sponsorships. To address this decline, management identified cost saving measures across the corporation. Revenue within all other major categories remained stable through fiscal year-end. The full impact of the covid-19 outbreak to the corporation is uncertain and will depend on the duration and depth of the pandemic. Management is actively monitoring the impact on its financial condition, liquidity, operations, and workforce.

Financial Statement Notes

PART V, LINE 4:

Intended use of endowment funds the organization's primary long-term management objective is to provide general support in meeting the needs of kqed provided that a donor making a contribution to the permanent endowment may impose specific use restrictions on the donor's contribution. Part x, line 1: the corporation was granted a loan (the "loan") from community reinvestment fund, inc. In the aggegrate amount of $8,116,900, pursuant to the paycheck protection program (the "ppp") under the coronavirus aid, relief and economic security act ("cares act"). Under the terms of the ppp, certain amounts of the loan may be forgiven if certain criteria are met. On october 22, 2020, the corporation applied for full forgiveness of the loan.

PART X, LINE 2:

Liability for uncertain tax positions the corporation follows guidance that clarifies the accounting for uncertainty in tax positions taken or expected to be taken in a tax return, including issues relating to financial statement recognitions and measurement. This guidance provides that the tax effects from an uncertain tax position can only be recognized in the financial statements if the position is "more-likely-than-not" to be sustained if the position were to be challenged by a taxing authority. The assessment of the tax position is based solely on the technical merits of the position, without regard to the likelihood that the tax position may be challenged. The corporation is exempt from federal income tax under section 501(c)(3) of the internal revenue code, though it is subject to tax on income unrelated to its exempt purpose,unless that income is otherwise excluded by the internal revenue code. The corporation has also been recognized by the franchise tax board as an organization that is exempt from income tax pursuant to california revenue and tax code section 23701d on its income other than the unrelated business income. The corporation has processes presently in place to ensure the maintenance of its tax-exempt status; to identify and report unrelated income; to determine its filing and tax obligations in jurisdictions for which it was nexus; and to identify and evaluate other matters that may be considered tax positions. The corporation has determined that there are no material uncertain tax positions that require recognition or disclosure in the financial statements.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Loss on investments reclassed from expenses -14,723. Loss on assets disposed reclassed from expenses -3,632.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Loss on assets disposed reclassed from expenses 3,632.

Raw XML AppendixShowing 400 of 1,411 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/Form990PartVIISectionAGrp/PersonNm11GEORGANNA KELLY
IRS990/Form990PartVIISectionAGrp/PersonNm12JOHN REILLY
IRS990/Form990PartVIISectionAGrp/PersonNm13JASON BRENNEMAN
IRS990/Form990PartVIISectionAGrp/PersonNm14TIM OLSON
IRS990/Form990PartVIISectionAGrp/PersonNm15HANK BARRY
IRS990/Form990PartVIISectionAGrp/PersonNm16ANNE AVIS
IRS990/Form990PartVIISectionAGrp/PersonNm17ALEXANDRA VAN HELDEN
IRS990/Form990PartVIISectionAGrp/PersonNm18BRIAN CHEU
IRS990/Form990PartVIISectionAGrp/PersonNm19CAMILLA SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm20JOHN BUOYMASTER AS OF 0120
IRS990/Form990PartVIISectionAGrp/PersonNm21MEG GARLINGHOUSE
IRS990/Form990PartVIISectionAGrp/PersonNm22MIKE BLACH
IRS990/Form990PartVIISectionAGrp/PersonNm23NANCY SERRURIER
IRS990/Form990PartVIISectionAGrp/PersonNm24RAJ PHERWANI
IRS990/Form990PartVIISectionAGrp/PersonNm25SHADI ELKARRA
IRS990/Form990PartVIISectionAGrp/PersonNm26TOM CHAVEZ
IRS990/Form990PartVIISectionAGrp/PersonNm27EDWARD LICHTY
IRS990/Form990PartVIISectionAGrp/PersonNm28JAIMIE STUDLEY
IRS990/Form990PartVIISectionAGrp/PersonNm29SIMONE OTUS COXE
IRS990/Form990PartVIISectionAGrp/PersonNm30STEVE BOCHNER
IRS990/Form990PartVIISectionAGrp/PersonNm31JEN MCCLURE
IRS990/Form990PartVIISectionAGrp/PersonNm32JULIA LOPEZ
IRS990/Form990PartVIISectionAGrp/PersonNm33MARK PERRY
IRS990/Form990PartVIISectionAGrp/PersonNm34NANCY FARESE
IRS990/Form990PartVIISectionAGrp/PersonNm35SANJAY VASWANI
IRS990/Form990PartVIISectionAGrp/PersonNm36ANNIE JEAN-BAPTISTE
IRS990/Form990PartVIISectionAGrp/PersonNm37CARLA JAVITS
IRS990/Form990PartVIISectionAGrp/PersonNm38JAMES CHAM
IRS990/Form990PartVIISectionAGrp/PersonNm39JENNIFER CABALQUINTO
IRS990/Form990PartVIISectionAGrp/PersonNm40KAREN EDWARDS
IRS990/Form990PartVIISectionAGrp/PersonNm41LISA SOBRATO SONSINI
IRS990/Form990PartVIISectionAGrp/PersonNm42MALLUN YEN
IRS990/Form990PartVIISectionAGrp/PersonNm43MATTHEW ZINN
IRS990/Form990PartVIISectionAGrp/PersonNm44NADIA ROUMANI
IRS990/Form990PartVIISectionAGrp/PersonNm45NAVEEN CHOPRA
IRS990/Form990PartVIISectionAGrp/PersonNm46ROSELYNE SWIG
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0969044
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1454025
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt2343681
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt3295573
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt4259914
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt5255812
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt6263216
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt7258837
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt8257244
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt9252100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10253096
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt11243137
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt12244866
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt13213708
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt14211782

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Filings

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2020 filings • 501(c)3 • $250M-$1B nonprofits

Lincoln Univ, PA

View Organization

Lincoln University

501(c)3

Revenue$65,020,244
Assets$304,923,012

Revenue vs current organization

37% lower

Assets vs current organization

About the same