Vermont Public Radio
- Assets
- $31.7m
- Revenue
- $10.0m
- Investments
- $15.8k
- Employees
- 83
- Location
- Colchester, VT
- Founding
- 10/1975
- Data as of
- 09/2020
- EIN
- 03-0259051
Organization Overview
Vermont Public Radio is located in Colchester, VT. The organization was established in 1975. According to its NTEE Classification (A34) the organization is classified as: Radio, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 07/2021, Vermont Public Radio employed 83 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vermont Public Radio is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2020, Vermont Public Radio generated $10.0m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $10.5m during the year ending 09/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
LISTENER-SUPPORTED VERMONT PUBLIC RADIO HAS BEEN SERVING THE PEOPLE OF VERMONT AND THE SURROUNDING REGION SINCE 1977. AS VERMONTS ONLY STATEWIDE PUBLIC RADIO NETWORK, VPR PROVIDES AN ESSENTIAL AND TRUSTED INDEPENDENT VOICE FOR NEWS, INFORMATION, MUSIC AND CULTURAL EXPLORATION FOR THE PEOPLE OF OUR REGION. OUR PURPOSE IS TO INSPIRE AN INFORMED PUBLIC AND AN ENGAGED COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VERMONT PUBLIC RADIO SERVES VERMONT AND BEYOND WITH TWO BROADCAST NETWORKS: VPR FOR NEWS AND INFORMATION AND VPR CLASSICAL FOR CLASSICAL MUSIC. VERMONT PUBLIC RADIO IS AN INDEPENDENT NON-COMMERCIAL CONTENT PRODUCER AND PROVIDER, BOTH ON-AIR AND ON-LINE. VPRS RADIO SIGNALS EXTEND FROM MONTREAL, QUEBEC SOUTH TO MASSACHUSETTS, AND FROM WESTERN NEW HAMPSHIRE TO EASTERN NEW YORK. VPR AND VPR CLASSICAL COMBINED HAVE A WEEKLY AUDIENCE OF MORE THAN 200,000 LISTENERS AND WWW.VPR.ORG SERVED APPROXIMATELY 347,000 VISITORS IN JANUARY 2021. VPR PROGRAMS INCLUDE SOME OF THE MOST LISTENED TO PUBLIC RADIO PROGRAMMING IN THE COUNTRY NPRS MORNING EDITION AND ALL THINGS CONSIDERED, AS WELL AS VPRS LOCALLY PRODUCED NEWS HOUR VERMONT EDITION, PODCASTS, AND REGIONAL NEWS UPDATES AIRED AND POSTED THROUGHOUT THE DAY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Finn President & CEO | OfficerTrustee | 40 | $183,711 |
John Van Hoesen Senior VP & Cco | Officer | 40 | $132,222 |
Brendan Kinney Senior VP - Mar | Officer | 40 | $127,661 |
Joseph Tymecki VP & Cto | Officer | 40 | $115,639 |
Ramona Sheppard CFO & VP | Officer | 40 | $115,543 |
Sarah Ashworth VP For News | 40 | $103,172 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dinse Pc Legal Services | 7/30/21 | $110,390 |
National Public Radio Programming | 7/30/21 | $609,143 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,067,822 |
| Investment income | $338,953 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $91,991 |
| Net Gain/Loss on Asset Sales | $12,190 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,993,352 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,001,838 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,454,751 |
| Pension plan accruals and contributions | $159,376 |
| Other employee benefits | $818,820 |
| Payroll taxes | $331,184 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $32,863 |
| Fees for services: Accounting | $48,552 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $86,403 |
| Fees for services: Other | $341,302 |
| Advertising and promotion | $39,007 |
| Office expenses | $329,388 |
| Information technology | $323,689 |
| Royalties | $0 |
| Occupancy | $643,220 |
| Travel | $69,873 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $31,964 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $695,690 |
| Insurance | $76,251 |
| All other expenses | $0 |
| Total functional expenses | $10,530,715 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,057,003 |
| Savings and temporary cash investments | $1,949,002 |
| Pledges and grants receivable | $105,821 |
| Accounts receivable, net | $284,134 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $91,022 |
| Investments—publicly traded securities | $13,222,941 |
| Investments—other securities | $15,784 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,790,666 |
| Total assets | $31,702,879 |
| Accounts payable and accrued expenses | $508,827 |
| Grants payable | $0 |
| Deferred revenue | $71,290 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $961,452 |
| Other liabilities | $0 |
| Total liabilities | $1,541,569 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $30,161,310 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Vermont Public Radio has recieved totaling $1,450.
| Awarding Organization | Amount |
|---|---|
Doolittle Family Foundation Atlantic Beach, FL PURPOSE: GENERAL OPERATIONS | $1,000 |
Hastings Family Foundation Inc Boston, MA PURPOSE: GENERAL PURPOSE | $300 |
Meadowhill Fund Inc Charlotte, VT PURPOSE: ARTS & HUMANITIES -OPERATING SUPPORT | $150 |
Endowment Analysis
| Beg. Balance | $13,236,509 |
| Earnings | $2,382,697 |
| Net Contributions | $376,011 |
| Other Expense | $271,717 |
| Ending Balance | $15,723,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Prx Incorporated Cambridge, MA | $8,096,809 | $28,163,889 |
New England Public Media Inc Springfield, MA | $13,528,339 | $7,013,590 |
Vermont Public Radio Colchester, VT | $31,702,879 | $9,993,352 |
New Hampshire Public Radio Inc Concord, NH | $10,049,222 | $7,801,346 |
Wamc Albany, NY | $11,819,867 | $7,774,367 |
Futuro Media Group New York, NY | $3,357,406 | $5,947,446 |
New Hampshire Public Broadcasting Durham, NH | $9,893,700 | $7,419,552 |
Radio Kingston Corp Kingston, NY | $13,807,163 | $9,634,133 |
Radio Ambulante Studios Inc New York, NY | $688,433 | $1,869,145 |
Childrens Radio Foundation New York, NY | $112,126 | $1,170,819 |
Wave Farm Inc Acra, NY | $1,255,039 | $836,950 |
Heritage Radio Network Inc Brooklyn, NY | $1,285,050 | $544,885 |