Whyy Inc
- Assets
- $67.4m
- Revenue
- $48.8m
- Investments
- $0.0
- Employees
- 296
- Location
- Philadelphia, PA
- Founding
- 02/1959
- Data as of
- 06/2021
- EIN
- 23-1438083
Organization Overview
Whyy Inc is located in Philadelphia, PA. The organization was established in 1959. According to its NTEE Classification (A30) the organization is classified as: Media & Communications, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Whyy Inc employed 296 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Whyy Inc 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 06/2021, Whyy Inc generated $48.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $37.6m during the year ending 06/2021. While expenses have increased by 2.9% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
WHYY IS THE PHILADELPHIA REGION'S LEADING PUBLIC MEDIA PROVIDER, SERVING SOUTHEASTERN PENNSYLVANIA, SOUTHERN NEW JERSEY, AND ALL OF DELAWARE.
Describe the Organization's Program Activity:
SEE SCHEDULE O
SEE SCHEDULE O
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William J Marrazzo President And CEO | OfficerTrustee | 40 | $691,900 |
Terry Gross Host - Fresh Air | 40 | $380,654 | |
Kyra G Mcgrath President, Ventures/enterprise | Officer | 40 | $341,925 |
Daniel B Miller Executive Producer - Fresh Air | 40 | $220,093 | |
Sandra Clark Vp, News & Civic Dialogue | Officer | 40 | $210,623 |
Nancy Stuski Vp, Institutional Advancement | Officer | 40 | $204,061 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Next Generation Fundraising Inc Direct Response Mktg | 6/29/21 | $862,320 |
Duane Morris Llp Legal Services | 6/29/21 | $249,257 |
Allegiance Fundraising Llc Direct Response Mktg | 6/29/21 | $411,726 |
Forest Incentives Premium Fulfillment | 6/29/21 | $311,896 |
Roi Solutions Inc Crm System | 6/29/21 | $407,434 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $22,523,456 |
| Fundraising events | $552,564 |
| Related organizations | $0 |
| Government grants | $968,632 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,769,077 |
| Noncash contributions included in lines 1a–1f | $1,012,848 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $31,813,729 |
| Total Program Service Revenue | $14,744,042 |
| Investment income | $354,575 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $175,592 |
| Net Rental Income | $16,247 |
| Net Gain/Loss on Asset Sales | $536,862 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $48,783,739 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $2,272,284 |
| Compensation of current officers, directors, key employees. | $504,774 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,701,117 |
| Pension plan accruals and contributions | $571,135 |
| Other employee benefits | $1,970,174 |
| Payroll taxes | $1,170,445 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $209,774 |
| Fees for services: Accounting | $95,800 |
| Fees for services: Lobbying | $24,371 |
| Fees for services: Fundraising | $1,475,754 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $374,300 |
| Advertising and promotion | $781,052 |
| Office expenses | $330,304 |
| Information technology | $624,975 |
| Royalties | $0 |
| Occupancy | $502,341 |
| Travel | $49,011 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $657,762 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,414,306 |
| Insurance | $156,653 |
| All other expenses | $423,787 |
| Total functional expenses | $37,584,084 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,598,747 |
| Savings and temporary cash investments | $479,705 |
| Pledges and grants receivable | $2,001,212 |
| Accounts receivable, net | $1,079,742 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $38,320 |
| Prepaid expenses and deferred charges | $269,077 |
| Net Land, buildings, and equipment | $15,971,114 |
| Investments—publicly traded securities | $33,746,691 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,235,265 |
| Total assets | $67,419,873 |
| Accounts payable and accrued expenses | $3,993,154 |
| Grants payable | $0 |
| Deferred revenue | $626,534 |
| 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 | $2,033,688 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,656,072 |
| Total liabilities | $10,309,448 |
| Net assets without donor restrictions | $42,749,779 |
| Net assets with donor restrictions | $14,360,646 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $67,419,873 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Whyy Inc has recieved totaling $11,400.
| Awarding Organization | Amount |
|---|---|
The Iv Fund Folsom, CA PURPOSE: GENERAL SUPPORT | $5,400 |
Csp Family Foundation Summit, NJ PURPOSE: GENERAL | $5,000 |
Alice Shaver Foundation Williamstown, MA PURPOSE: CHARITABLE | $1,000 |
Endowment Analysis
| Beg. Balance | $21,294,954 |
| Earnings | $5,167,117 |
| Net Contributions | $7,371,195 |
| Other Expense | $1,101,110 |
| Ending Balance | $32,732,156 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
1389 Superior Credit Union Inc Lima, OH | $1,486,357,264 | $59,843,984 |
Whyy Inc Philadelphia, PA | $67,419,873 | $48,783,739 |
The Fred Rogers Company Pittsburgh, PA | $88,094,321 | $34,546,873 |
Witf Inc Harrisburg, PA | $54,156,408 | $17,466,259 |
Wxxi Public Broadcasting Council Rochester, NY | $26,835,003 | $14,361,773 |
Western New York Public Broadcasting Association Buffalo, NY | $20,445,081 | $15,235,511 |
Wqed Multimedia Pittsburgh, PA | $26,860,609 | $15,875,013 |
Geopath New York, NY | $2,097,357 | $11,766,480 |
Public Media Nj Inc New York, NY | $13,143,046 | $9,787,571 |
Wmht Educational Telecommunications Inc Troy, NY | $24,630,036 | $10,052,137 |
Democracy Now Productions Inc New York, NY | $36,977,400 | $9,199,755 |
Public Broadcasting Council Of Central New York Inc Old Liverpool Syracuse, NY | $17,299,983 | $6,896,548 |