2023-11-13T15:42:46-06:00 2023-06-30 381357951 PLANTE & MORAN PLLC 10 S RIVERSIDE PLAZA 9TH FLOOR CHICAGO IL 60606 990 2022-07-01 363687394 CHICAGO PUBLIC MEDIA INC CHIC 3129484600 848 E GRAND AVE NAVY PIER CHICAGO IL 60611 MATTHEW MOOG CEO 3129484600 2023-11-15 1 MATTHEW MOOG 999009999 1 LU ANN TRAPP P01506476 3122071040 2023-10-31 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z MATTHEW MOOG 848 E GRAND AVE NAVY PIER CHICAGO IL 60611 65032942 0 X WWW.CHICAGOPUBLICMEDIA.ORG X 1989 IL CHICAGO PUBLIC MEDIA SERVES THE PUBLIC INTEREST BY CREATING AND DELIVERING DIVERSE, COMPELLING CONTENT THAT INFORMS, INSPIRES, ENRICHES AND ENTERTAINS. THROUGH A BROAD RANGE OF MEDIA PLATFORMS, WE CONNECT DIVERSE AUDIENCES IN OUR SERVICE AREA AND BEYOND TO ONE ANOTHER. WE HELP THEM MAKE A DIFFERENCE IN OUR COMMUNITIES, OUR REGION, AND OUR WORLD. 24 24 210 50 1157178 63894 27026635 30954140 2725968 2223748 2317331 5283557 220505 236413 32290439 38697858 0 0 0 0 16647026 17825335 0 0 6657362 11836453 12126736 28483479 29952071 3806960 8745787 91335229 105531134 34112701 38456670 57222528 67074464 X CHICAGO PUBLIC MEDIA SERVES THE PUBLIC INTEREST BY CREATING AND DELIVERING DIVERSE, COMPELLING CONTENT THAT INFORMS, INSPIRES, ENRICHES AND ENTERTAINS. THROUGH A BROAD RANGE OF MEDIA PLATFORMS, WE CONNECT DIVERSE AUDIENCES IN OUR SERVICE AREA AND BEYOND TO ONE ANOTHER. WE HELP THEM MAKE A DIFFERENCE IN OUR COMMUNITIES, OUR REGION, AND OUR WORLD. 0 0 18640897 1628190 CHICAGO PUBLIC MEDIA, INC. IS A 501(C)(3) CHARITABLE ORGANIZATION THAT SERVES THE PUBLIC INTEREST BY PRODUCING AND DELIVERING DIVERSE, COMPELLING CONTENT OF MULTIPLE VIEWPOINTS AND EXPRESSION. CHICAGO PUBLIC MEDIA BROADCASTS ITS SERVICE ON FOUR NON-COMMERCIAL FM RADIO STATIONS: WBEZ 91.5 FM IN CHICAGO, WBEQ 90.7 FM IN MORRIS, 91.7 FM (W219CD) IN ELGIN, ILLINOIS, AND WBEK 91.1 FM IN KANKAKEE, ILLINOIS; DIGITALLY VIA WBEZ.ORG, SMART SPEAKERS, MOBILE APPS, PODCASTS AND IN LIVE EVENTS THAT GENERATE CONVERSATIONS ACROSS COMMUNITIES. 608786 CHICAGO PUBLIC MEDIA OPERATES A PUBLIC MEDIA ON-LINE/ON-AIR SERVICE, ON 91.1 FM WHICH IS BROADCAST ON WBEW 89.5 FM IN CHESTERTON, INDIANA, AND ON 91.1 FM (W216CL) IN CHICAGO. VOCALO RADIO WAS ESTABLISHED AS AN INSPIRATIONAL BRAND THAT CELEBRATES OUR CITY'S CULTURAL DIVERSITY AND BRINGS THE COMMUNITY TOGETHER AROUND MUSIC - SPECIFICALLY, THE URBAN ALTERNATIVE FORMAT. VOCALO RADIO ACTIVELY LOOKS TO CREATE AND PROMOTE POSITIVITY AND, THROUGH MUSIC, BREAK DOWN THE BARRIERS THAT SEGREGATE OUR COMMUNITIES. 19249683 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 1 200 0 1 210 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 24 24 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 IL IN MI NY WI CA X X RINA DEDHIA 3129484634 848 E GRAND AVE NAVY PEIR CHICAGO IL 60611 PIYUSH CHAUDHARI BOARD CHAIR 1.00 0.25 X X 0 0 0 ROBERT PASIN VICE CHAIR 1.00 0.25 X X 0 0 0 DILNAZ A WARAICH SECRETARY 1.00 0.25 X X 0 0 0 NIVINE MEGAHED PHD TREASURER 1.00 0.25 X X 0 0 0 STEVE BAIRD TO 922 DIRECTOR 1.00 0.25 X 0 0 0 MARCY CARLIN DIRECTOR 1.00 0.25 X 0 0 0 HOWARD CONANT JR DIRECTOR 1.00 0.25 X 0 0 0 RAYMOND E CROSSMAN PHD DIRECTOR 1.00 0.25 X 0 0 0 THOMAS FISHER JR MD DIRECTOR 1.00 0.25 X 0 0 0 WILLIAM A GEE IV DIRECTOR 1.00 0.25 X 0 0 0 KIMBERLEY GOODE BEG 922 DIRECTOR 1.00 0.25 X 0 0 0 STEPHANIE HARRIS TO 1122 DIRECTOR 1.00 0.25 X 0 0 0 BRUCE HEYMAN BEG 322 DIRECTOR 1.00 0.25 X 0 0 0 ROGER HOCHSCHILD DIRECTOR 1.00 0.25 X 0 0 0 ADRIENNE KING DIRECTOR 1.25 1.25 X 0 0 0 LERRY J KNOX JR DIRECTOR 1.25 1.25 X 0 0 0 CHARLES LEWIS BEG 622 DIRECTOR 1.00 0.25 X 0 0 0 LISA MORRISON BUTLER BEG 922 DIRECTOR 1.00 0.25 X 0 0 0 KEDRA NEWSOM DIRECTOR 1.00 0.25 X 0 0 0 JULIAN POSADA DIRECTOR 1.00 0.25 X 0 0 0 PAUL RAND BEG 1122 DIRECTOR 1.00 0.25 X 0 0 0 BILL RUDNICK BEG 922 DIRECTOR 1.00 0.25 X 0 0 0 BERNARDO SICHEL DIRECTOR 1.00 0.25 X 0 0 0 JESSICA SIEJA BEG 322 DIRECTOR 1.00 0.25 X 0 0 0 BRYAN TRAUBERT TO 922 DIRECTOR 1.00 0.25 X 0 0 0 DOMINIQUE JORDAN TURNERTO 422 DIRECTOR 1.00 0.25 X 0 0 0 ELIZABETH THOMPSON DIRECTOR 1.00 0.25 X 0 0 0 LAURA VAN PEENAN DIRECTOR 1.00 0.25 X 0 0 0 MATTHEW MOOG CEO 26.00 14.00 X 598785 0 34525 RINA DEDHIA CFO 28.00 12.00 X 326581 0 35370 CYNTHIA PHOTOS ABBOTT VP, GENERAL COUNSEL 27.00 13.00 X 270755 0 26777 LUCY KIM CHIEF ADVANCEMENT OFFICER 28.00 12.00 X 323562 0 20710 TRACY BROWN CHIEF CONTENT OFFICER 30.00 10.00 X 278825 0 18034 VALERIE TONEY PARKER TO 1122 CHIEF PEOPLE OFFICER 40.00 0.00 X 239084 0 14210 CELESTE LECOMPTE CHIEF AUDIENCE OFFICER 20.00 20.00 X 221475 0 13745 ELIZABETH BERGER VP OF COMMUNICATIONS 26.00 14.00 X 176496 0 29457 STEPHEN WRIGHT VP OF TECHNOLOGY AND OPERATIONS 30.00 10.00 X 226176 0 24321 DEBRA CHAMRA VP OF ACCOUNTING 30.00 10.00 X 200274 0 23482 KEVIN DAWSON MANAGING DIRECTOR 40.00 0.00 X 182182 0 18372 AMY WIELUNSKI VP OF MEMBERSHIP 36.00 4.00 X 177206 0 14591 NICHOLAS DEPREY VP OF PRODUCT 20.00 20.00 X 170549 0 7434 3391950 0 281028 42 0 1 0 MARKET ENGINUITY 3131 E CLAREDON AVE SUITE 105 PHOENIX AZ 85016 UNDERWRITING ACCOUNT EXECUTIVES 1372135 JONES DAY 51 LOUISIANA AVE NW WASHINGTON DC 20001 LEGAL SERVICES 380167 MCDERMOTT WILL & EMERY LLP PO BOX 1675 CAROL STREAM IL 60132 LEGAL SERVICES 333873 V THREE STUDIOS LLC 7321 BRUNO AVE SAINT LOUIS MO 63117 ARCHITECTURAL SERVICES 296924 SKENDER CONSTRUCTION LLC 1330 W FULTON SUITE 200 CHICAGO IL 60607 GENERAL CONTRACTOR 169929 6 12980136 1460779 1700595 14812630 192666 30954140 THIS AMERICAN LIFE REV 516100 1013686 1013686 DIGITAL SPONSORSHIPS 516100 855958 855958 MEMBERSHIP EVENTS 516100 254313 254313 PRODUCTION & STUDIO RE 516100 99791 99791 2223748 1887284 141000 1746284 260400 260400 160220 0 160220 160220 160220 29454107 59698 26117532 0 3336575 59698 3396273 3396273 33345 1460779 217552 -184207 -184207 38697858 1628190 1157178 4958350 2026002 501804 1014638 509560 12833804 9616817 1057924 2159063 319791 238417 31471 49903 1538903 1263545 4649 270709 1106835 767646 136275 202914 225192 83116 142076 83767 83767 131552 131552 2988551 560144 735362 1693045 748128 439418 308710 821617 587293 42636 191688 902444 479366 187127 235951 579805 483073 44835 51897 205231 125993 69301 9937 88826 41000 29140 18686 693920 482260 83918 127742 1603549 1237532 175796 190221 193196 143864 18371 30961 PROGRAMMING 2026077 2026077 0 0 CREDIT CARD FEES 359876 0 1074 358802 MEMBER PREMIUMS 326680 326680 0 0 UBI TAX EXPENSE 29918 0 29918 0 118407 -154362 25196 247573 29952071 19249683 4045026 6657362 11778529 2073431 445298 4139318 6953927 1225321 933741 462303 551484 36256832 18983596 17263423 17273236 53201917 74147955 1360513 1360513 1903905 1791549 91335229 105531134 3018391 3197143 46243 170991 21841484 21850169 4499972 3888889 4706611 9349478 34112701 38456670 X 25959990 38223290 31262538 28851174 57222528 67074464 91335229 105531134 X 8745787 554250 551899 X 0 1 X 1 0 X 29184112 25078179 29216831 27026635 30954140 141459897 29184112 25078179 29216831 27026635 30954140 141459897 160968 141298929 762816 600737 685565 1134000 1887284 5070402 210806 20526 40689 97404 63894 433319 146963618 9511433 0.96150 0.97190 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1255400 190372 54188 1391584 1467019 -160643 50976 1255400 1077254 433336 43571 1467019 1047882 70388 41016 1077254 1000095 47787 1047882 0.71861 0.28139 0 0 639992 515666 1155658 23858438 10690842 13167596 9429164 7715997 1713167 1813572 576757 1236815 17273236 LIABILITY UNDER SWAP AGREEMENT -2369076 OPERATING LEASE LIABILITY 1791549 DUE TO AFFILIATE 9927005 9349478 X 42669278 554250 3154227 394495 4102972 38566306 131552 131552 38697858 32817342 3154227 3154227 29663115 131552 157404 288956 29952071 PART V, LINE 4: $1M ENDOWMENT WILL REMAIN PERMANENTLY RESTRICTED. DISTRIBUTIONS, NOT TO EXCEED 4% OF THE VALUE OF THE FUND IN ANY GIVEN YEAR, WILL BE USED TO SUPPORT GENERAL OPERATIONS AT CPM. PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND APPLICABLE STATE LAW, EXCEPT FOR TAXES PERTAINING TO UNRELATED BUSINESS INCOME, IF ANY. THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE CONSOLIDATED FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, THE ORGANIZATION MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE ORGANIZATION AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME. THE TAX BENEFITS RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS FROM SUCH A POSITION, IF ANY, ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50 PERCENT LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THERE WERE NO UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LIABILITIES FOR THE REPORTING PERIODS PRESENTED IN THESE CONSOLIDATED FINANCIAL STATEMENTS. THE ORGANIZATION FILES FORM 990 IN THE U.S. FEDERAL JURISDICTION AND THE STATE OF ILLINOIS AND IS GENERALLY NO LONGER SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR TAX YEARS BEFORE 2020. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF INTEREST RATE SWAP AGREEMENT 551,899. MEMBER EVENT EXPENSE NETTED AGAINST REVENUE -157,404. PART XII, LINE 4B - OTHER ADJUSTMENTS: MEMBER EVENT EXPENSE NETTED AGAINST REVENUE 157,404. GALA 1494124 1460779 33345 262 217290 1494124 1460779 33345 262 217290 217552 -184207 X X X X X 0 0 0 0 0 0 0 1 0 MATTHEW MOOG CEO 449193 0 149592 0 0 0 12200 0 22325 0 633310 0 0 0 RINA DEDHIA CFO 293331 0 33250 0 0 0 12200 0 23170 0 361951 0 0 0 LUCY KIM CHIEF ADVANCEMENT OFFICER 298562 0 25000 0 0 0 0 0 20710 0 344272 0 0 0 CYNTHIA PHOTOS ABBOTT VP, GENERAL COUNSEL 237505 0 33250 0 0 0 10570 0 16207 0 297532 0 0 0 TRACY BROWN CHIEF CONTENT OFFICER 245575 0 33250 0 0 0 10526 0 7508 0 296859 0 0 0 VALERIE TONEY PARKER TO 1122 CHIEF PEOPLE OFFICER 214084 0 25000 0 0 0 6167 0 8043 0 253294 0 0 0 STEPHEN WRIGHT VP OF TECHNOLOGY AND OPERATIONS 200876 0 25300 0 0 0 9059 0 15262 0 250497 0 0 0 CELESTE LECOMPTE CHIEF AUDIENCE OFFICER 211475 0 10000 0 0 0 0 0 13745 0 235220 0 0 0 DEBRA CHAMRA VP OF ACCOUNTING 185274 0 15000 0 0 0 8262 0 15220 0 223756 0 0 0 ELIZABETH BERGER VP OF COMMUNICATIONS 161496 0 15000 0 0 0 7252 0 22205 0 205953 0 0 0 KEVIN DAWSON MANAGING DIRECTOR 167182 0 15000 0 0 0 0 0 18372 0 200554 0 0 0 AMY WIELUNSKI VP OF MEMBERSHIP 163206 0 14000 0 0 0 7198 0 7393 0 191797 0 0 0 NICHOLAS DEPREY VP OF PRODUCT 170549 0 0 0 0 0 0 0 7434 0 177983 0 0 0 PART I, LINE 7 SOME OF THE EXECUTIVE BONUSES ARE CONTINGENT ON REACHING REVENUE AND NET EARNINGS TARGETS. BONUSES ARE APPROVED WITH DISCRETION BY THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS. A ILLINOIS FINANCE AUTHORITY 861091967 45200BRJ9 2005-10-01 22000000 FINANCE THE EXPANSION, CONSTRUCTION, RENOVATION AND EQUIPPING OF FACILITIES 0 0 0 A 22000000 1843050 7252347 256332 209321 12438950 2005 1 0 1 1 A 0 0 0 0 0 0 1 A 0 0 1 0 1 0 0 0 1 A 1 X 26 192666 FAIR MARKET VALUE 0 1 1 PART I, LINE 32B: CHICAGO PUBLIC MEDIA WORKS WITH CHARITABLE ADULT RIDES AND SERVICES (CARS) TO PROCESS CAR DONATIONS. DONORS SUBMIT THEIR VEHICLE INFORMATION ONLINE AT WBEZ.CAREASY.ORG OR WBEZ.ORG/CARS AT WHICH POINT CARS REACHES OUT TO DONORS TO OBTAIN INFORMATION TO CHANGE THE TITLE NAME. CARS IS RESPONSIBLE FOR SELLING THE DONATED VEHICLES AND FILING THE CORRESPONDING 1098-C FORMS. ONCE CASH PROCEEDS ARE COLLECTED FROM SALES, CARS KEEPS A PERCENTAGE FOR PROCESSING FEES AND REMITS THE NET AMOUNT TO CHICAGO PUBLIC MEDIA. FORM 990, PART VI, SECTION B, LINE 11B THE INDEPENDENT ACCOUNTANTS PRESENT THE RETURN TO THE FINANCE COMMITTEE, IN CONSULTATION WITH THE CHIEF EXECUTIVE OFFICER AND THE CHIEF FINANCIAL OFFICER, BEFORE IT IS FILED WITH THE IRS. THE FINANCE COMMITTEE, THE CHIEF EXECUTIVE OFFICER AND THE CHIEF FINANCIAL OFFICER REVIEW THE RETURN. AFTER THIS REVIEW, BUT PRIOR TO FILING WITH THE IRS, THE FORM 990 WAS DISTRIBUTED TO ALL BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 12C THE STATION REQUESTS YEARLY UPDATES OF CONFLICT OF INTEREST STATEMENTS FROM EACH MEMBER OF THE BOARD OF DIRECTORS AND SENIOR STAFF. AT EACH BOARD OF DIRECTORS AND COMMITTEE MEETING, AT THE TOP OF THE AGENDA IS A REQUEST FOR DIRECTORS TO DECLARE ANY CONFLICT OF INTEREST BASED ON ANY AGENDA ITEMS TO BE DISCUSSED AT THE MEETING. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS, COMPRISED OF INDEPENDENT DIRECTORS, REVIEWED AND APPROVED THE COMPENSATION OF THE CEO AND REVIEWED THE ADEQUACY AND REASONABLENESS OF THE COMPENSATION OF THE SENIOR EXECUTIVES. THE PROCESS INCLUDED REVIEW OF A REPORT PREPARED BY AN INDEPENDENT CONSULTANT ANALYZING COMPENSATION DATA FROM COMPARABLE ORGANIZATIONS. THE ORGANIZATION HIRES AN INDEPENDENT COMPENSATION CONSULTANT TO PREPARE THE ABOVE MENTIONED REPORT ONCE EVERY TWO TO THREE YEARS. THE REPORT IS UPDATED ANNUALLY. THE DELIBERATIONS AND DECISIONS OF THE COMPENSATION COMMITTEE ARE DOCUMENTED IN THE COMPENSATION COMMITTEE'S MEETING MINUTES. THE COMPENSATION COMMITTEE MET IN AUGUST 2023 TO REVIEW CEO AND SENIOR EXECUTIVE COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 REQUESTS FOR DOCUMENTS RECEIVED BY THE PUBLIC ARE SUPPLIED FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN IRC SECTION 6104(D). IN ADDITION ON OUR WEBSITE, (WWW.WBEZ.ORG) POSTED IN THE ABOUT US SECTION, UNDER THE SUBHEADING, PUBLIC & FINANCIAL DOCUMENTS, WE HYPERLINK TO OUR AUDITED FINANCIAL STATEMENTS, FORM 990, AND VARIOUS POLICIES, INCLUDING OUR OPEN MEETINGS POLICY AND OPEN FINANCIAL RECORDS POLICY. THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF INTEREST RATE SWAP AGREEMENT 551,899. CPR COMMUNICATIONS SERVICES LLC 848 E GRAND AVENUE NAVY PIER CHICAGO IL 60611 262192342 PROPERTY HOLDER IL 160220 1940937 CHICAGO PUBLIC MEDIA INC MEDIA CHICAGO LLC 848 E GRAND AVENUE NAVY PIER CHICAGO IL 60611 TO INVEST IN AND DEVELOP NEW MEDIA AND OTHER PROPERTY IL 0 0 CHICAGO PUBLIC MEDIA INC CHICAGO SUN-TIMES MEDIA INC 848 E GRAND AVENUE NAVY PIER CHICAGO IL 60611 874304197 PROVIDING NEWS AND INFORMATION TO EDUCATE AND INFORM THE PUBLIC DE 501(C)(3) LINE 7 CHICAGO PUBLIC MEDIA INC 1 PODCAST MEDIA LLC 160 VARICK STREET NEW YORK NY 10013 824709326 DEVELOP AND PROMOTE AUDIO PLATFORMS DE RELATED 33626 0 1 0.30860 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 1 1 1 0 CHICAGO SUN-TIMES MEDIA INC O 2934486 COST