Cascade Public Media
- Assets
- $91.3m
- Revenue
- $41.7m
- Investments
- $27.9k
- Employees
- 164
- Location
- Seattle, WA
- Founding
- 10/1983
- Data as of
- 06/2022
- EIN
- 91-1221895
Organization Overview
Cascade Public Media is located in Seattle, WA. The organization was established in 1983. 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 06/2022, Cascade Public Media employed 164 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cascade Public Media 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 06/2022, Cascade Public Media generated $41.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $23.7m during the year ending 06/2022. While expenses have increased by 5.2% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
CASCADE PUBLIC MEDIA IS A NONPROFIT MEDIA ORGANIZATION SERVING WASHINGTON STATE AND WESTERN CANADA WITH MEANINGFUL NONCOMMERCIAL PROGRAMMING ON THE AIR, ONLINE, AND IN THE COMMUNITY. OUR MISSION IS TO INSPIRE A SMARTER WORLD.
Describe the Organization's Program Activity:
PROGRAMMING AND CONTENT CREATIONCASCADE PUBLIC MEDIA PRODUCES, ACQUIRES AND SCHEDULES PROGRAMS AND LOCAL STORIES IN SERVICE OF OUR MISSION TO INSPIRE A SMARTER WORLD. EACH YEAR, MORE THAN 2 MILLION VIEWERS - BOTH ON-AIR AND ONLINE - TRUST KCTS 9 TO PROVIDE THE WIDEST VARIETY OF PROGRAMS THAT ENTERTAIN, INFORM AND ALLOW VIEWERS TO CONSIDER A WIDE VARIETY OF PERSPECTIVE. ADDITIONALLY, WITH APPROXIMATELY 3 MILLION YEARLY WEBSITE VISITORS, CROSSCUT SERVES THE PUBLIC WITH LOCAL STORIES THAT ARE IN-DEPTH AND UNIQUE.
PROGRAM INFORMATION AND PROMOTIONCASCADE PUBLIC MEDIA PROVIDES UPDATES AND ANNOUNCEMENTS ABOUT OUR LOCAL CONTENT, PROGRAMMING, AND EVENTS THROUGH MANY COMMUNICATION CHANNELS INCLUDING ON-AIR, E-MAIL, SOCIAL MEDIA, EVENT LISTINGS, COMMUNITY PARTNERSHIPS AND WEBSITE POSTINGS. ALL OF THESE OUTREACH ACTIVITIES ARE INTENDED TO DEEPEN THE IMPACT OF OUR PROGRAMS AND INITIATIVES.
BROADCASTAS A PBS MEMBER STATION, CASCADE PUBLIC MEDIA OFFERS 24/7 BROADCAST SERVICES, UNINTERRUPTED BY COMMERCIALS. VIEWERS TUNE INTO FOUR FREE, OVER-THE-AIR PROGRAM CHANNELS - KCTS 9: THE BEST OF PUBLIC TELEVISION PROGRAMMING; CREATE: HIGH-QUALITY HOW-TO AND LIFESTYLE PROGRAMMING; WORLD: THE BEST OF PUBLIC TELEVISION'S NON-FICTION, NEWS, SCIENCE AND DOCUMENTARY PROGRAMMING; AND KCTS 9 PBS KIDS: COMMITTED TO MAKING A POSITIVE IMPACT OF THE LIVES OF CHILDREN THROUGH CURRICULUM-BASED ENTERTAINMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Dunlop President/ceo | Officer | 50 | $434,510 |
Rebecca Farwell Senior Vp/coo | Officer | 50 | $220,361 |
Michell Pihl Chief Finance/admin Officer | Officer | 50 | $172,504 |
Kerry O'keefe VP Of Philanthropy | Officer | 50 | $162,436 |
Jabran Soubeih VP Engineering & Technology | 50 | $149,220 | |
Kevin Colligan Exec Dir Digital Product & Tech | 50 | $141,252 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Allegiance Fundraising Llc Printing & Mailing Service | 6/29/22 | $780,280 |
Media Management Llc Master Control Services | 6/29/22 | $231,210 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $15,379 |
| Membership dues | $17,446,785 |
| Fundraising events | $201,316 |
| Related organizations | $0 |
| Government grants | $71,523 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,855,033 |
| Noncash contributions included in lines 1a–1f | $891,624 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $33,590,036 |
| Total Program Service Revenue | $52,000 |
| Investment income | $646,287 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $2,834,833 |
| Net Rental Income | $598,343 |
| Net Gain/Loss on Asset Sales | $2,763,483 |
| Net Income from Fundraising Events | $696,395 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $41,687,198 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,237,774 |
| Compensation of current officers, directors, key employees. | $672,104 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,554,955 |
| Pension plan accruals and contributions | $420,337 |
| Other employee benefits | $925,397 |
| Payroll taxes | $663,716 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $76,106 |
| Fees for services: Accounting | $84,592 |
| Fees for services: Lobbying | $31,200 |
| Fees for services: Fundraising | $872,287 |
| Fees for services: Investment Management | $119,788 |
| Fees for services: Other | $1,907,380 |
| Advertising and promotion | $502,354 |
| Office expenses | $860,839 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $235,337 |
| Travel | $80,095 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,048,869 |
| Insurance | $296,691 |
| All other expenses | $379,261 |
| Total functional expenses | $23,724,168 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $231,589 |
| Savings and temporary cash investments | $16,740,237 |
| Pledges and grants receivable | $664,059 |
| Accounts receivable, net | $2,714,473 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $67,310 |
| Prepaid expenses and deferred charges | $398,818 |
| Net Land, buildings, and equipment | $26,424,145 |
| Investments—publicly traded securities | $41,738,479 |
| Investments—other securities | $27,939 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,317,615 |
| Total assets | $91,324,664 |
| Accounts payable and accrued expenses | $2,618,443 |
| Grants payable | $0 |
| Deferred revenue | $2,290,008 |
| Tax-exempt bond liabilities | $17,024,677 |
| 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 | $930,789 |
| Total liabilities | $22,863,917 |
| Net assets without donor restrictions | $44,442,228 |
| Net assets with donor restrictions | $24,018,519 |
| 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 | $91,324,664 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Cascade Public Media has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
Lowrance Maruo Charitable Fund Seattle, WA PURPOSE: UNRESTRICTED GRANT | $50,000 |
Endowment Analysis
| Beg. Balance | $36,965,833 |
| Earnings | -$5,176,984 |
| Admin Expense | $102,442 |
| Net Contributions | $4,481,515 |
| Other Expense | $609,224 |
| Ending Balance | $35,558,698 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cascade Public Media Seattle, WA | $91,324,664 | $41,687,198 |
Friends Of Idaho Public Television Inc Boise, ID | $17,181,185 | $8,057,711 |
Friends Of Ksps Spokane, WA | $7,790,595 | $5,878,281 |
Washington Public Affairs Network Olympia, WA | $5,929,484 | $3,716,580 |
Southern Oregon Public Television Inc Medford, OR | $2,762,585 | $2,831,337 |
Portland Community Media Portland, OR | $5,021,187 | $2,944,932 |
Metroeast Community Media Gresham, OR | $4,391,659 | $1,811,160 |
Christian Broadcasting Inc Anchorage, AK | $2,737,214 | $1,141,961 |
Capital Community Television Inc Salem, OR | $579,550 | $1,088,537 |
Thurston Community Television Olympia, WA | $756,125 | $900,767 |
Better Life Television Inc Grants Pass, OR | $2,053,453 | $535,118 |
Kltv Inc Longview, WA | $1,588,995 | $542,344 |