Wnet
- Assets
- $380.3m
- Revenue
- $138.0m
- Investments
- $118.5m
- Employees
- 726
- Location
- New York, NY
- Founding
- 03/2009
- Data as of
- 06/2021
- EIN
- 26-2810489
Organization Overview
Wnet is located in New York, NY. The organization was established in 2009. According to its NTEE Classification (A32) the organization is classified as: Television, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Wnet employed 726 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wnet 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, Wnet generated $138.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $115.7m during the year ending 06/2021. While expenses have increased by 0.2% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
WNET IS A MULTI-MEDIA PUBLIC SERVICE NON-PROFIT THAT DELIVERS LIFELONG LEARNING AND MEANINGFUL EXPERIENCES TO OUR COMMUNITIES. OUR CONTENT INSPIRES CURIOSITY, ENCOURAGES ACTION AND NURTURES DREAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NATIONAL AND LOCAL PROGRAM SERVICES: THROUGH THIRTEEN PRODUCTIONS LLC, WLIW LLC, CREATIVE NEWS GROUP, LLC, INTERACTIVE ENGAGEMENT GROUP LLC, AUDIO ENTERPRISE GROUP LLC PUBLIC MEDIA NEW JERSEY, INC.WNET PRODUCES BOTH NATIONAL AND LOCAL TELEVISION AND RADIO PROGRAMMING OF THE HIGHEST POSSIBLE QUALITY FOR DISTRIBUTION TO OTHER PUBLIC BROADCASTING STATIONS INCLUDING THIRTEEN. WLIW HAS APPROXIMATELY 29,000 MEMBERS, PUBLIC MEDIA NJ, INC. HAS APPROXIMATELY 1,000 MEMBERS, AND THIRTEEN HAS APPROXIMATELY 216,000 MEMBERS.
TELEVISION BROADCAST STATION AND OPERATIONS: TECHNICAL OPERATIONS PROVIDES THE TRANSMISSION OF THE BROADCAST SIGNAL WITHIN THE NEW YORK CITY TELEVISION MARKET. DURING FISCAL YEAR 2020/2021, WNET BROADCASTS OVER 78,800 HOURS OF PROGRAMMING ON A 24-HOUR DAILY SCHEDULE TO THE NEW YORK CITY MARKET ON STATIONS WNET AND WLIW. RADIO BROADCAST STATION OPERATIONS: TECHNICAL OPERATIONS PROVIDES THE TRANSMISSION OF THE RADIO BROADCAST SIGNAL WITHIN THE CENTRAL AND EASTERN LONG ISLAND MARKET TO OVER 340,000 LISTENERS ON A 24-HOUR DAILY SCHEDULE ON WLIW-FM AND W245BA IN FISCAL YEAR 2020/2021.
EDUCATION: WNET PRODUCES A RANGE OF EDUCATIONAL PROGRAMMING TARGETED FOR THE FULL RANGE OF OUR AUDIENCE, INCLUDING PRE-K THROUGH HIGH SCHOOL AND COLLEGE, AS WELL AS FOR LIFE-LONG LEARNERS. DURING THE YEAR, WNET AND THIRTEEN BROADCAST OVER 15,000 HOURS OF INSTRUCTIONAL PROGRAMMING. IN ADDITION, WNET'S EDUCATION TEAM SUPPORTS THIS PROGRAMMING WITH DISTRIBUTION OF DIGITAL CURRICULUM RESOURCES THROUGH ITS WEB-BASED PBS LEARNING MEDIA SERVICE, WITH OVER 1.2 MILLION NEW YORK STATE USERS IN FISCAL 2021, THE DELIVERY OF ORIGINAL MEDIA-BASED EDUCATIONAL COMMUNITY ENGAGEMENT PROGRAMS IMPACTING THOUSANDS OF CHILDREN, STUDENTS, PARENTS, AND CAREGIVERS, AND THE DELIVERY OF PROFESSIONAL DEVELOPMENT TO THOUSANDS OF EDUCATORS PARTICIPATING IN LOCAL AND NATIONAL TRAININGS .
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Neal Shapiro President, CEO | Officer | 30 | $717,834 |
Hari Sreenivasan Anchor/host | 40 | $439,498 | |
Stephen Segaller Vp, Programming | Officer | 40 | $383,438 |
David Horn Executive Producer | 40 | $325,051 | |
Robert Feinberg Vp, Gen Counsel & Secretary | Officer | 30 | $323,746 |
Vanessa Wise Vp, Development | Officer | 40 | $314,554 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fl2 Llc Co Production | 6/29/21 | $1,533,131 |
Workforce Logiq Workforce Services | 6/29/21 | $1,211,847 |
Mal Warwick And Associates Creative Services & Production Agency | 6/29/21 | $1,707,373 |
Traction Sales And Marketing Inc Crm Implementation Consultant | 6/29/21 | $3,924,937 |
Nielsen Media Research Ratings Service | 6/29/21 | $664,991 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $362,527 |
| Government grants | $23,431,704 |
| All other contributions, gifts, grants, and similar amounts not included above | $93,052,062 |
| Noncash contributions included in lines 1a–1f | $2,300,213 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $116,846,293 |
| Total Program Service Revenue | $13,416,741 |
| Investment income | $2,496,984 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $234,373 |
| Net Rental Income | -$36,780 |
| Net Gain/Loss on Asset Sales | $4,559,503 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $138,010,838 |
| 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. | $3,470,467 |
| Compensation of current officers, directors, key employees. | $1,885,760 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $37,085,269 |
| Pension plan accruals and contributions | $1,687,863 |
| Other employee benefits | $5,300,955 |
| Payroll taxes | $2,722,123 |
| Fees for services: Management | $2,366,663 |
| Fees for services: Legal | $361,468 |
| Fees for services: Accounting | $258,443 |
| Fees for services: Lobbying | $100,446 |
| Fees for services: Fundraising | $606,947 |
| Fees for services: Investment Management | $172,429 |
| Fees for services: Other | $2,676,728 |
| Advertising and promotion | $1,431,220 |
| Office expenses | $7,767,156 |
| Information technology | $127,639 |
| Royalties | $0 |
| Occupancy | $9,533,763 |
| Travel | $118,486 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $110,041 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,237,323 |
| Insurance | $755,278 |
| All other expenses | $0 |
| Total functional expenses | $115,656,871 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $14,461,994 |
| Pledges and grants receivable | $56,130,814 |
| Accounts receivable, net | $1,137,404 |
| 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 | $13,265,934 |
| Net Land, buildings, and equipment | $23,035,799 |
| Investments—publicly traded securities | $124,823,884 |
| Investments—other securities | $118,538,362 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $28,859,294 |
| Total assets | $380,253,485 |
| Accounts payable and accrued expenses | $20,825,294 |
| Grants payable | $0 |
| Deferred revenue | $2,414,241 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $23,239,535 |
| Net assets without donor restrictions | $85,713,423 |
| Net assets with donor restrictions | $271,300,527 |
| 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 | $380,253,485 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Wnet has recieved totaling $389,250.
| Awarding Organization | Amount |
|---|---|
Better Angels Society Inc Washington, DC PURPOSE: SUPPORT FOR PRODUCTION OF DOCUMENTARY FILMS, OUTREACH, EDUCATION | $280,750 |
Greg Peters Monsees Foundation Wilmington, DE PURPOSE: NATURE! PROGRAM | $100,000 |
C Jay Moorhead Foundation New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
Russell Colgate Fund Inc Wilmington, DE PURPOSE: GENERAL PURPOSES | $3,000 |
Konstantin Family Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $300 |
Gannett Foundations Inc Mclean, VA PURPOSE: CHARITABLE PURPOSE | $100 |
Endowment Analysis
| Beg. Balance | $159,375,147 |
| Earnings | $46,574,077 |
| Admin Expense | $1,131,769 |
| Net Contributions | $22,847,774 |
| Other Expense | $6,150,000 |
| Ending Balance | $221,515,229 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sesame Workshop New York, NY | $433,633,112 | $246,073,617 |
Wnet New York, NY | $380,253,485 | $138,010,838 |
Universal Communications Network Inc New York, NY | $23,705,014 | $36,204,062 |
Downtown Community Television Center Inc New York, NY | $12,160,508 | $18,067,924 |
Storycorps Inc Brooklyn, NY | $16,608,870 | $12,121,023 |
Eastern Educational Television Network Inc Boston, MA | $16,514,282 | $14,535,811 |
Independence Public Media Of Philadelphia Inc Philadelphia, PA | $114,645,232 | $6,898,202 |
Lehigh Valley Public Telecommunications Corp Bethlehem, PA | $43,912,817 | $9,323,671 |
Vermont Etv Inc Winooski, VT | $65,912,701 | $9,345,245 |
Manhattan Community Access Corporat Ion New York, NY | $36,696,255 | $8,423,391 |
Northeastern Pennsylvania Educational Television Association Pittston, PA | $33,133,906 | $6,320,974 |
St Lawrence Valley Educational Television Council Inc Watertown, NY | $2,869,491 | $2,752,985 |