2024-05-15T13:18:59-07:00 2023-06-30 042104397 WGBH EDUCATIONAL FOUNDATION 1 GUEST ST BOSTON MA 02135 990 2022-07-01 042104397 WGBH Educational Foundation WGBH 6173002000 One Guest Street Boston MA 02135 James Levy CFO 2024-05-15 true James Levy 999009999 true WGBH Educational Foundation 6173002000 2 AAL1 IAL1 FAL1 2022 2023-04-26 12:10:37Z Susan Goldberg 266413693 false X www.wgbh.org X 1951 MA WGBH enriches people's lives through programs and services that educate, inspire, and entertain, fostering citizenship and culture, the joy of learning, and the power of diverse perspectives. 32 31 1368 1500 5988878 110141391 129721366 63689357 68652089 20825737 6819193 17295872 15389893 211952357 220582541 2652949 3653460 0 100301749 104791171 5528506 5630652 26555846 103595866 111496749 212079070 225572032 -126713 -4989491 924486582 921641002 379067033 362210298 545419549 559430704 WGBH enriches people's lives through programs and services that educate, inspire, and entertain, fostering citizenship and culture, the joy of learning, and the power of diverse perspectives. false false 184202390 3653460 68652089 The WGBH Educational Foundation, based in Boston, is the leading multiplatform creator for public media in America. With its wide range of programs, events and services it is one of the nation's preeminent public media institutions.As the largest producer of content for PBS and partner to NPR and PRX, GBH delivers compelling experiences, stories and information to audiences wherever they are. GBH produces digital and broadcast programming that engages, illuminates and inspires, through drama and science, history, arts, culture and journalism. It is the creator of such signature programs as MASTERPIECE, ANTIQUES ROADSHOW, FRONTLINE, NOVA, AMERICAN EXPERIENCE, ARTHUR and MOLLY OF DENALI, as well as WORLD Channel and a catalog of streaming series, podcasts and on-demand video. With studios and a newsroom headquartered in Boston, GBH reaches across New England with GBH 89.7, Bostons Local NPR; CRB Classical 99.5; and CAI, the Cape and Islands NPR station. Dedicated to making media accessible to and inclusive of our diverse culture, GBH is a pioneer in delivering media to those who are deaf, hard of hearing, blind and visually impaired. GBH creates curriculum-based digital content for educators nationwide with PBS LearningMedia and has been recognized with hundreds of the nations premier broadcast, digital and journalism awards.From its roots as a local public radio and TV station, GBH has continually enhanced its service to its community and the nation. It is deepening its commitment to delivering programs that foster opportunity and equityensuring that its content and workplace are inclusive and representative, broadening the reach of its news operations, and reaching audiences where they are. GBH shares stories across platforms on its website, social media and email newsletters. Through apps and podcasts and through virtual or in-person events GBH offers news panels, music events and educational activities.Our mission remains our North Star: "GBH enriches peoples lives through programs and services that educate, inspire and entertain, fostering citizenship and culture, the joy of learning, and the power of diverse perspectives." The foundation for everything we do is bolstered by our commitments to diversity, equity, inclusion and accessibility; innovation; growth and sustainability; and a collaborative and accountable culture.That mission continually drives us to develop robust programs and resources for the public.Were supporting vulnerable learners through K-12 initiatives that inspire curiosity and creative thinking. We're a trusted news organization that is driven by facts rather than factions. We're promoting science literacy so that people can make informed decisions about our changing world. We're championing the arts and giving the public access to both the greatest performers and emerging talent. And we're constantly innovating to ensure that our services are available and relevant to all.Serving the public interest drives everything that we do, and every commitment that we make is to promote knowledge so that everyone can appreciate and engage with the world around them.GBH makes a commitment to:* Foster an informed and active citizenry* Make knowledge and the creative life of the arts, sciences, and humanities available to the widest possible public* Reflect the diversity of our audience, inviting a sense of inclusion and a better understanding of each other* Improve, for all people, access to public media* Be a trusted partner to parents and educators, providing programs and services that promote the healthy development of children* Serve the individual not just as a spectator but as a participant, able and willing to learn new skills through our programs and servicesIn 2023, FRONTLINE, Americas longest-running investigative documentary series on television, celebrated 40 years. This year, FRONTLINE was given the coveted Beacon Award, public medias highest honor for its unparalleled track record of producing quality investigative journalism. FRONTLINEs journalism is reaching audiences across more platforms and in more places than ever before and has emerged as a leader in experimenting on new platforms. The series YouTube channel currently reaches more than 2.6 million subscribers with approximately 665 million views.In an effort to reach teens who are consuming news on social media, FRONTLINE launched a new series called FRONTLINE Short Docsoffering boldly told, digestible films that explore the critical issues impacting young adults and the world they live in. By publishing the films on YouTube, FRONTLINE Short Docs aims to combat rampant misinformation thats reaching younger audiences online. The documentaries were developed by FRONTLINE in collaboration with GBH Education. Each film is available free to teachers on PBS Learning-Media with an accompanying curriculum unit.GBH News continues to operate one of the largest public media newsrooms in the country, producing timely, award-winning multiplatform reporting online and on radio and television. Embracing a newsroom without walls approach, GBH News tells stories infused with and informed by the diverse communities we serve across the Commonwealth, through our bureaus at the State House, Dorchester, and Worcester, and our broadcast studio at the Boston Public Library.On GBH 89.7 Boston Public Radio with Jim Braude and Margery Eagan continued to be GBH News most popular show across multiple platforms and GBH launched its first major show in a decade The Culture Show, hosted by Jared Bowen and featuring arts and culture coverage each day for an hour.The World, public radios longest-running daily global news program, is now airing on a record 376 public radio stations across the United States and in Canada, more than at any point in the programs history. The show, produced by GBH and PRX in our Brighton studio, is heard by nearly 2 million people nationwide each week. The World reporters dug into real-time coverage of the wars in Ukraine and the Middle East and delivered critical information on key topics such as climate change, global security, women and gender, migration, and public health.NOVA, which will celebrate its 50th anniversary in 2024, launched Climate Across America to spotlight how climate change affects communities across the country andengaged audiences in conversations about innovative climate solutions. With majorsupport from the Corporation for Public Broadcasting and additional funding from GBHs Planet Future Fund and The Arthur Vining Davis Foundations, the collaboration leveraged the reach and power of the PBS system, enabling NOVA to work with 10 public media stations and students in classrooms to produce and distribute climate focused content. In conjunction with the initiatives debut, NOVA presented two complementary climate documentaries, Weathering the Future and Chasing Carbon Zero.The newest GBH Kids series Work It Out Wombats!, which helps young children with computational thinking, launched in 2023 to great acclaim and is the number three show in weekly reach on PBS KIDS, with 1.1 million weekly viewers. Wombats! videos have been streamed more than 204 million times across PBS Kids platforms, and the digital games have tallied over 12 million plays.The Molly of Denali has received a Peabody Award, a Television Critics Award, anda Kidscreen Award, garnering a television reach of more than 20 million people and some 450,000 users on PBS Kids digital platforms each month.The U.S. History Collection, developed by GBH Education for middle and high school students on PBS LearningMedia, has exceeded 1 million users, with research showing that students using the resources made significant gains in learning both content knowledge and historical thinking skills. The collection was named the best social studies instructional solution of 2023 as part of the annual SIIA CODiE Awards, which recognize the most innovative education technology products in the country. 184202390 true true false true false false false false false true true true false true true true false true false false true true false true true false false true false true true false false false false false false false false false false true false false false true true true true false false true 636 0 true 1368 true true true false false false false true true false 0 false false false true false false false X 32 31 true false false false false false false true true false false true true true true true true true true true true CT MA NH RI X X James Levy 6173003856 One Guest Street Boston MA 02135 Jonathan C Abbott Pres&CEO 12/22 40.00 1.00 X X 800294 0 46983 Raney Aronson Exec Producer 40.00 0.00 514952 0 25976 James Braude Host Exec Editor 40.00 0.00 491428 0 14755 John Bredar VP National Programming 40.00 0.00 449028 0 43619 Suzanne Zellner VP Corp Sponsorship & Membership 40.00 0.00 409682 0 44806 Claudia Palmer COO 40.00 0.00 X 386398 0 8245 Shane Miner VP & CTO 40.00 0.00 366743 0 25295 Tina Cassidy Chief MktngOfficer 40.00 0.00 377471 0 13087 Terry Fitzpatrick VP Children'sMedia 40.00 0.00 363307 0 26323 Ann Dexter VP Human Resources 40.00 0.00 342002 0 45997 Irvin A Alexander III CFO thru 5/23 40.00 0.00 X 353190 0 28586 Susan L Kantrowitz VP Gen Counsel 40.00 0.00 X 291405 0 42300 James Levy CFO & Treasurer 40.00 0.00 X 308720 0 10062 Winifred Lenihan VP Dev thru 6/22 40.00 0.00 194161 0 15629 Eric Brass CorpConsl Clerk 40.00 0.00 X 154544 0 21678 Susan Goldberg President & CEO 40.00 1.00 X X 108490 0 2113 Henry Becton Jr VChairthru10/22 1.00 0.00 X X 0 0 0 Mohamad Ali Trustee 1.00 0.00 X 0 0 0 Marcia Blenko Vice Chair 2.00 0.00 X X 0 0 0 Brian H Chu Trustee 1.00 0.00 X 0 0 0 Stacy L Cowan Trustee 1.00 0.00 X 0 0 0 Lynn B Dayton Vice Chair 2.00 0.00 X X 0 0 0 Pam Eddinger Trustee 1.00 0.00 X 0 0 0 Juan Enriquez Trustee 1.00 0.00 X 0 0 0 Renee Inomata Trustee 1.00 0.00 X 0 0 0 Susan G Fentin Trustee 1.00 0.00 X 0 0 0 Ann M Fudge Chairwoman 2.00 0.00 X X 0 0 0 Benjamin Gomez Trustee 1.00 0.00 X 0 0 0 Rosemarie TorresJohnson Trustee 1.00 0.00 X 0 0 0 Andrea E Kalyn Trustee 1.00 0.00 X 0 0 0 Ann Klee Trustee 1.00 0.00 X 0 0 0 Paul W Lee Trustee 1.00 0.00 X 0 0 0 William A Lowell Trustee 1.00 0.00 X 0 0 0 Susan X Luo Trustee 1.00 0.00 X 0 0 0 Cathy E Minehan Vice Chair 2.00 0.00 X X 0 0 0 Martha L Minow Trustee 1.00 0.00 X 0 0 0 Liz Morningstar Trustee 1.00 0.00 X 0 0 0 Marvin Lee Pelton Trustee 1.00 0.00 X 0 0 0 Melinda A Rabb Trste thru 3/23 1.00 0.00 X 0 0 0 Alicia Rose Trustee 1.00 0.00 X 0 0 0 Vincent D Rougeau Trustee 1.00 0.00 X 0 0 0 Cyrus Taraporevala Trustee 1.00 0.00 X 0 0 0 Jeffrey Rayport Trustee 1.00 0.00 X 0 0 0 L Rafael Reif Trste thru12/22 1.00 0.00 X 0 0 0 Carmichael Roberts Trustee 1.00 0.00 X 0 0 0 Cynthia L Strauss Trustee 1.00 0.00 X 0 0 0 Belinda Termeer Trustee 1.00 0.00 X 0 0 0 William N Thorndike Trustee 1.00 0.00 X 0 0 0 Stephen Wagner Trustee 1.00 0.00 X 0 0 0 Lynn Perry Wooten Trustee 1.00 0.00 X 0 0 0 5911815 415454 180 false true false Contributor Development Partnership PBC 10 Guest Street 5th Floor Boston MA 02135 Professional Fundraising 4613721 Left Right LLC 39 West 19th St 9th Fl New York NY 10011 Program Production 3786849 Kirk Documentary Group 63 Clinton Place Newton Center MA 02459 Program Production 2545950 So World Media LLC 480 Central Park W Apt 2B New York NY 10025 Program Production 1829616 Rain Media Inc 36 Mary Smith Hill Road Livingston Manor NY 12758 Program Production 1194070 45 31797718 3490278 2806214 91627156 1868475 129721366 Caption Services 515100 4413016 5538 4407478 Design Services 515100 216705 201230 15475 NCAM Services 515100 935805 935805 Production Services 515100 980601 9583 971018 Program Grants & Contract 515100 61947684 61947684 158278 27100 131178 68652089 -327394 -79315 -248079 0 1879148 1879148 3275586 3668347 -392761 -392761 -392761 48318404 41171817 7146587 7146587 7146587 293275 990988 -697713 -697713 0 0 Equity Investment Gain 515100 14601219 14601219 14601219 220582541 76792354 5988878 8079943 919161 919161 0 2734299 2734299 0 4260861 3384669 301580 574612 0 80701732 64106433 5712001 10883298 2423540 1925170 171536 326834 10964424 8709728 776053 1478643 6440614 5116183 455861 868570 0 487226 288643 157653 40930 550713 298916 200592 51205 230365 230365 5630652 5630652 3229797 3229797 5873752 5063261 707535 102956 6224283 3934317 147010 2142956 575693 393584 144915 37194 5544603 4786356 224368 533879 730397 729326 734 337 6533139 4780690 1057807 694642 2473827 2340751 55769 77307 0 0 8878794 6182469 1774504 921821 0 7953804 6075005 1241367 637432 1380892 859964 414994 105934 Production and acquisitions 58305194 57850195 98535 356464 Miscellaneous Expense 3477504 1424396 595552 1457556 Digital Services Expense 3328104 2248997 753493 325614 Bad Debt Expenses 377997 49877 30122 297998 -4659335 -3668347 -990988 225572032 184202390 14813796 26555846 28137955 22844050 27962249 16053230 15692436 24299842 26737873 20045562 0 0 101642731 101800334 0 3577031 3195890 255195291 111801048 146157753 143394243 109940364 123637936 312163582 325925377 0 42577531 37801416 109897077 102643122 924486582 921641002 69513771 64969495 86622562 78922590 175154163 172485666 47776537 45832547 379067033 362210298 X 431397944 426214403 114021605 133216301 545419549 559430704 924486582 921641002 X -4989491 22609612 -3608966 X false true X true true true X 123418771 110438743 114750769 110141391 129722366 588472040 0 0 123418771 110438743 114750769 110141391 129722366 588472040 14063976 574408064 7000369 5764984 15180089 3074694 1631069 32651205 0 721699 324004 582752 457625 293275 2379355 623502600 332351848 0.92130 0.92280 X Support Schedule: Other Income Explanation Part II, Line 10, Other IncomeGross receipts from special events related to the organization's charitable purpose. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false true false false false false true 5897 false true 230365 236262 false false Part II-B, Line 1i - Other Activities Description Part II-B Description of Lobbying ActivityThe Foundation paid membership dues to a lobbying organization for public television that provides services on behalf of its members. The amount paid is reported on line 1(i). Working with that organization, WGBH staff members make an annual visit to Washington to meet with members of our Congressional delegation, and through the year, is in contact with delegation offices to provide information about our work and acknowledge the value of federal funding to support it. The Foundation participated in an effort to educate the public about potential cuts to federal funding for public broadcasting. The Foundation shared messages with stations to help them raise awareness about the value of public media and how federal funding supports it. The communications encouraged station members and the public to let their elected officials know how they feel about public broadcasting. The direct expenses are reported on line 1(b) & (g). Part IV - Additional Information 360589860 3753590 28384220 20795197 3229797 368702676 482006485 3271991 -103194818 18379511 3114287 360589860 341425132 7814506 152933511 17466844 2699820 482006485 330884688 3136758 24135808 11613997 5118125 341425132 311813032 3064346 31937041 12876055 3053676 330884688 0.81460 0.11370 0.07170 false false false 6567158 6567158 175943001 72060323 103882678 41339039 26565974 14773065 31346093 13174751 18171342 143394243 325925377 Beneficial interest in perpetual trust 2034244 Brewster Radio License 1365000 Capitalized Broker Fees 597147 Deferred Asset - Rental Income 916767 Funds held under bond agreements 2729295 National Public Media, LLC 118118 Outside Managed Trusts 514732 Public Media Distribution, LLC 37081317 RadioPublic 132117 Right-of-use assets 40852672 WCRB Radio License 14441713 WFXZ Television License 1860000 102643122 Lease liabilities 45832547 45832547 X 243259772 22609612 636115 2661301 25907028 217352744 3229797 3229797 220582541 229248616 636115 6270266 6906381 222342235 3229797 3229797 225572032 Part V, Line 4: Intended uses of the endowment fund. Endowment fund is held to support future programs and services to fulfill the organization's mission. Part X : FIN48 Footnote The Foundation is exempt from federal income taxes under Section 501(c)(3) of the United States Internal Revenue Code. US GAAP requires the Foundation to evaluate tax positions taken by the Foundation and recognize a tax liability (or asset) if the Foundation has taken an uncertain position that more likely than not would not be sustained upon examination by the IRS. The Foundation has analyzed the tax positions taken and has concluded that as of June 30, 2023 and 2022, there are no significant uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the consolidated financial statements. Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990 Rental $5279278 Special Event Direct $990988 Net Asset Transfer $-2974917 Other gains $-630932 Change in value of split interest agrmnt $-3116 Part XII, Line 2d: Other expenses and losses per audited F/S Rental $5279278 Special Event Direct $990988 true North America 0 0 Program Services Production Services 135000 Central America 0 0 Investments 98678000 North America 0 0 Grants 2734299 101547299 101547299 North America Animation Services 2706067 WireTransfer N/A FMV North America Animation Services 28232 WireTransfer N/A FMV 2 true false true true true false Part I, Line 2 - Grantmakers Explanation For Monitoring Use of Funds Outside US As subrecipients to a federal grant, the subrecipients comply with the terms of the WGBH contract, which includes the Federal Funding Regulations (Agency Pass Through Policies & Certifications). They provide monthly cost reports, showing each line item of actual expenses incurred by the Companies compared to their counterpart line item as set forth in the Production Budget (each an Interim Cost Accounting). The Companies also deliver to WGBH a Final Cost Accounting , showing each line item of actual expenses incurred by the Companies compared to their counterpart line item as set forth in the Production Budget. All such reports are prepared in accordance with United States generally accepted accounting principles and with the requirements outlined in the Uniform Guidance. X X X X X X X true CDP PO Box 412299 Boston MA 02241 Consult Strateg false 8547431 4613721 3933710 Donor Development Strateg 899 Logan St Denver CO 80203 Consult Strateg false 1289339 948361 340978 Next Generation Fundraisi 1235 Westlakes Dr Ste130 Berwyn PA 19312 Consult Strateg false 1003563 68569 934994 false false 10840333 5630651 5209682 MA NH CT RI Auction 38934 38934 184711 St Patrick Celtic 32426 32426 538 11 221915 221915 805739 293275 293275 990988 990988 -697713 Part I, Line 2b - Fundraiser Additional Information A portion of the amounts shown in Part I for Donor Development Strategies is canvassing expenses for new member development to build the Foundation's membership file. true Brandeis University 415 South Street Waltham MA 02453 042103552 501(c)(3) 20000 0 FMV Research services for the project Education Development Center 43 Foundry Avenue Waltham MA 02453 042241718 501(c)(3) 117562 0 FMV Research services for programs George Blood LP 502 West Office Center Drive Fort Washington PA 19034 371431791 138353 0 FMV Digitizing media for archive projct IEarn Inc 475 Riverside Drive Ste 450 New York NY 10115 133782233 501(c)(3) 206269 0 FMV Program services for the project New York Hall of Science 47-01 111th Street Queens NY 11368 112104059 501(c)(3) 333333 0 FMV Digital media assets Pellet Productions Inc 2 Haven St Ste 206 Reading MA 01867 412126891 100000 0 FMV Film production service for project 4 2 Grantmaker's Description of How Grants are Used Pre-Award Often, a federal agency funding a project (or other funder), wants to know at the beginning of the project about the planned use of subrecipients. It is crucial that expenditures for subrecipients are classified correctly in budgets and project plans and are approved by the funder before work begins, and that the risk of the subrecipient's noncompliance with federal rules and grant conditions be evaluated. All potential subrecipients must also be verified against the Governments Excluded Parties List (EPL) (www.sam.gov; see also http://exclusions.oig.hhs.gov/Default.aspx). Procurement staff is to compare the names of each subrecipient against the EPL and print out any results of the search. Evidence of the search of the EPL must be maintained in the project files. If the subrecipient shows a record of suspension or debarment in the EPL, Project Staff must not proceed with that subrecipient and must alert the Compliance department. WGBH is prohibited from using any supplier/service provider on the EPL, and any work then in progress with a subrecipient on the EPL must be terminated immediately.Post-Contract Monitoring Once the contract has been signed and work has commenced, WGBH and the project team are responsible for monitoring the performance of the subrecipient. Subrecipient monitoring occurs in two forms:Performance Monitoring This involves the project team ensuring that the subrecipient is meeting the performance requirements of the contract and award, including timeliness, scope and results. This monitoring is generally performed by the project team and can be accomplished through meetings, conversations or other methods. Site visits are another monitoring procedure to evaluate the subrecipients compliance with the terms of the project/award and the appropriateness of the subrecipients administration of the project. All performance monitoring activities should be documented in the project files. If issues are identified, the related follow-up or corrective action taken should also be documented in the project file.Compliance Monitoring WGBH is also responsible for monitoring the subrecipients compliance with applicable laws and regulations. This can be accomplished in multiple ways. Annually, WGBH will send a questionnaire to all known subrecipients requesting a copy of their most recent Single Audit report and other information. Responses will be sent back to WGBHs Compliance department, which will review the results and follow up on any findings identified. All responses will be verified against the U.S. Federal Audit Clearinghouse website. If issues are identified that impact a particular project, that project team will be notified. Compliance department will then work with the subrecipient and the project to resolve the issues noted. A final determination on the issue (including references, if applicable) will be provided to the subrecipient within six months of issue identification and any corrective action required of the subrecipients must be completed as soon as possible. X X X X X X false false false false false false false true true true Ann Dexter VP Human Resources 285322 35000 21680 12200 33797 387999 Claudia Palmer COO 290090 80000 16308 8245 394643 Eric Brass CorpConsl Clerk 149181 4571 792 6208 15470 176222 Irvin A Alexander III CFO thru 5/23 315125 25000 13065 12200 16386 381776 James Braude Host Exec Editor 464031 22950 4447 12200 2555 506183 James Levy CFO & Treasurer 262577 25000 21143 9092 970 318782 John Bredar VP National Programming 401157 45000 2871 11834 31785 492647 Jonathan C Abbott Pres&CEO 12/22 626230 150000 24064 12200 34783 847277 Raney Aronson Exec Producer 433589 80282 1081 12089 13887 540928 Shane Miner VP & CTO 331397 35000 346 11923 13372 392038 Susan L Kantrowitz VP Gen Counsel 274332 15000 2073 11400 30900 333705 Suzanne Zellner VP Corp Sponsorship & Membership 367110 40000 2572 12065 32741 454488 Terry Fitzpatrick VP Children'sMedia 331038 30000 2269 11822 14501 389630 Tina Cassidy Chief MktngOfficer 356622 20000 849 12025 1062 390558 Winifred Lenihan VP Dev thru 6/22 162914 30000 1247 6666 8963 209790 Part I, Line 7: Non-Fixed payments not listed above Compensation determinations are based on performance, considered within the context of independent benchmark data for comparable positions at similar organizations and supported by relevant documentation. Part I, Line 8: Amounts reported on 990 VII pursuant to initial contract exemption described in Regs Compensation amounts reported on Form 990, Part VII for President & CEO Susan Goldberg were paid pursuant to a contract that was subject to the initial contract exception. Susan Goldberg joined WGBH in December 2022. A Massachusetts Development 043431814 57583RYA7 2008-05-29 129932510 Refunded 12/10/07,3/30/06,8/11 false false false B Massachusetts Development 043431814 57584XRV5 2016-07-27 49263554 Refunded 05/29/08 false false false C Massachusetts Development 043431814 57584X6N6 2017-12-19 23666901 Refunded 05/29/08 false false false A 6045000 129932510 117195573 8196722 4540215 2008 true false true true B 45885000 49263554 48749002 514552 2018 false true false true C 22515000 23666901 23404386 262515 2018 true false true true A false true true true false 0.27390 0.00870 0.28260 false false true B false true true true false 0.27390 0.00870 0.28260 false false true C false true true true false 0.27390 0.00870 0.28260 false false true A false false false true false false false true B false false false true false false false true C false false false true false false false true A true B true C true Part VI Part I, Line A (f)Refunded 12/10/07, 03/30/06, 08/11/05, 04/10/02Part II, Line 7 (Bond A) Issuance Costs From ProceedsInformation on Tax Exempt BondsMassachusetts Development Finance AgencyCost of Issuance...........................$ 1,359,014.Underwriter Discount....................... 650,308.Credit enhancement......................... 4,540,215.Swap termination fee....................... 6,187,400. ______________ 12,736,937.Part III, Question 6While our private business use during fiscal year 2023 totaled 28.26%, our analysis with our bond counsel concluded that private business use during the 36 year life of the bonds was in compliance with the tax-exempt bonds financing limits for private business use. Factors included in the analysis were WGBH's initial equity contribution of 13.3%, the 5% private business use allowance for property financed with tax-exempt bonds and WGBH's projected use of its space through 2042.Part IV, Question 2(c)Bond Rebate Computation DateBond A Rebate Computation Date: 6/30/2023Bond B Rebate Computation Date: 6/30/2023Bond C Rebate Computation Date: 6/30/2023 X 797 915080 FMV X 71 953395 FMV 10 false true true Part I, Line 32, Hire and Use of Third Parties Automobiles are donated to WGBH through a third party organization which provides disposition services and forwards proceeds and details reporting to WGBH. Form 990, Part VI, Section A, Line 2 Jonathan C. Abbott, Susan Goldberg and Claudia Palmer are both officers of WGBH Educational Foundation and trustees of Public Media Distribution Company (PBSd).Jonathan C. Abbott, Susan Goldberg and Claudia Palmer were both officers of WGBH Educational Foundation and directors of PRX Inc. Form 990, Part VI, Section B, Line 11b The Form 990 was prepared by the organization's management and reviewed in detail by tax advisors from a national accounting firm. The Chief Financial Officer reviewed Form 990 prior to it being presented to the audit committee. The audit committee reviewed the form 990 and approved for submission to the Internal Revenue Service. Prior to the final form being electronically submitted to the Internal Revenue Service, a copy was provided to all members of the board of trustees. Form 990, Part VI, Section B, Line 12c The organization maintains a written conflict of interest policy which is updated and disseminated to all employees and trustees annually. The Chief Compliance Officer of the organization requires that each key employee, officer and trustee complete a conflict of interest disclosure form annually and reviews them. In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the interest and be given the opportunity to disclose all material facts describing the nature of the affiliation, and indicating whether he or she has or may have a conflict of interest involving any financial transaction of WGBH. In the event there is a change in the information submitted in the disclosure statement, the person submitting it is to promptly submit written notification of the change. At the conclusion of the fiscal year prior to the submission of the Form 990, a governing body member is required to disclose any conflicts of interest that may have existed during the prior fiscal year using the provided questionnaire. All transactions disclosed by trustees or officers as related-party transactions shall be reviewed by the audit committee of the board of trustees, provided that only those members of the committee who have no involvement with any related-party transactions involving the Foundation ("Independent Trustees") shall participate in such review. In the case of a transaction that is covered, the audit committee shall determine whether, all factors considered, the transaction is fair and reasonable to, and is in the best interest of the Foundation. Approval of a related-party transaction shall require a majority vote of the Independent Trustees at a meeting at which there is a quorum determined solely with regard to Independent Trustees. Form 990, Part VI, Section B, Line 15a The organization's Compensation Committee of the Board of Trustees is an independent committee, the members of which each year verify that they do not have any conflicts of interest with respect to the compensation paid to the Chief Executive Officer and top management employees. This committee reviewed the confidential feedback from the direct reports that relate to the Chief Executive Officer's annual goals and performance, and determined the Chief Executive Officer's compensation package. The committee also reviewed and approved the compensation package for all executive leaders that was prepared by the CEO and COO. The committee utilized third party data and surveyed the trustees using a questionnaire to benchmark comparable compensation packages for the CEO and other key executive roles in functionally comparable positions and similar sized organizations. The compensation review is an annual process and is documented each year in the compensation committee minutes, in which the deliberation and decisions regarding the compensation arrangements for the CEO and the executive leadership team are recorded. The compensation committee reports on its meetings and actions to the full board of trustees or the executive committee of the board. Form 990, Part VI, Section B, Line 15b See explanation for Form 990, Part VI, Line 15a above. Form 990, Part VI, Section C, Line 19 The Organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request. Form 990, Part XI, Line 9 Change in value of split interest agreement = -$3116 Form 990, Part XI, Line 9 Net Asset Transfer = -$2974917 Form 990, Part XI, Line 9 Other losses = -$630933 Form 990, Part IV, Line 12 Question: Audited Financial Statements As the organization and its subsidiaries meet the GAAP requirements for consolidation, the organization received consolidated audited financial statements for the year for which it is completing the return. An independent auditing firm conducted the audit of the financial statements. The audited financial statements were prepared in accordance with GAAP. Form 990, Part IX, Line 24e Other Expenses The reclass shown in other expenses in the Statement of Functional Expenses reflects contra expense items reported on Form 990, Part VIII. (A) (B) (C) (D) Program Management Total Services & General Fundraising ---------- ----------- ----------- -------------Event Expense -990,988. -990,988.Rental Expense -5,279,278. -5,279,278. ---------- ------------ ----------- ------------- Total $-6,270,266. $0. $-5,279,278. $-990,988. ========== ============ =========== ============= Form 990, Part VI, Line 16(b) Question: Written policy or procedure on joint venture participationThe organization consults with legal counsel while evaluating its participation in new joint venture agreements to ensure the organization does not engage in activities that could jeopardize its tax-exempt status. PRI PRX LLC PO Box 382234 CAMBRIDGE MA 02138 PUBLIC MEDIA MA WGBH BTL Music Inc One Guest Street Boston MA 02135 043538634 Music rights MA 501(c)(3) 12b WGBH true Listen to the Lion Music Inc One Guest Street Boston MA 02135 043538632 Music rights MA 501(c)(3) 12b WGBH true Great Blue Hills Music Inc One Guest Street Boston MA 02135 043312068 Music rights MA 501(c)(3) 12b WGBH true WGBH Music Inc One Guest Street Boston MA 02135 043312069 Music rights MA 501(c)(3) 12b WGBH true Public Television Playhouse Inc One Guest Street Boston MA 02135 521224699 Program distribution MA 501(c)(3) 12b WGBHKCETWNET true PRX INC PO Box 382234 CAMBRIDGE MA 02138 263347402 Distribution of Public Radio Programming MA 501(c)(3) 10 WGBH true New England Public Media Inc 1525 Main Street Springfield MA 01103 046130523 Public Broadcasting MA 501(c)(3) 5 WGBH true Public Radio International PO Box 382234 CAMBRIDGE MA 02138 411425271 Radio network MN 501(c)(3) 7 WGBH true Public Media Distribution Company 1225 S Clark Street Arlington VA 22202 263659281 Distribution VA PBS Related 14601219 37081317 false 28833 false 0.40000 National Public Media 200 West 41st Street 7th Fl New York NY 10036 261156765 Underwriting DE NPR Related 118118 false -36487 false 0.18000 Contributor Development Partnership 10 Guest Street Boston MA 02135 832128397 Fundraising Consulting MA WGBH C-Corp 12772179 5269696 0.82510 true true true true true false false true true false false false false true false false true true false false PRX INC b 400000 Accrual PRX INC c 3490278 Accrual PRX INC d 6000000 Accrual PRX INC h 190594 Accrual New England Public Media Inc b 2974917 Accrual New England Public Media Inc d 8000000 Accrual Contributor Development Partnership a 154088 Accrual Contributor Development Partnership d 3900000 Accrual Contributor Development Partnership m 4613721 Accrual Contributor Development Partnership p 388635 Accrual