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        <Depreciation>3622765</Depreciation>
        <BookValue>1294187</BookValue>
      </OtherLandBuildings>
      <TotalOfBookValueLandBuildings>7530189</TotalOfBookValueLandBuildings>
      <TotalRevenue>13785856</TotalRevenue>
      <TotalExpenses>13966276</TotalExpenses>
      <ExcessOrDeficitForYear>-180420</ExcessOrDeficitForYear>
      <NetUnrealizedGLOnInvestments>779577</NetUnrealizedGLOnInvestments>
      <OtherAmount>-17812</OtherAmount>
      <TotalAdjustments>761765</TotalAdjustments>
      <ExcessOrDeficitPerFS>581345</ExcessOrDeficitPerFS>
      <TotRevenueEtcAuditedFinclStmt>15250011</TotRevenueEtcAuditedFinclStmt>
      <NetUnrealizedGainsInvestments>779577</NetUnrealizedGainsInvestments>
      <DonatedSrvcAndUseOfFacilities>335000</DonatedSrvcAndUseOfFacilities>
      <RevenueNotRptdF990>1114577</RevenueNotRptdF990>
      <RevenueSubtotal>14135434</RevenueSubtotal>
      <OtherRevenuesNotIncluded>-349578</OtherRevenuesNotIncluded>
      <RevenueNotRptdOnFinStmt>-349578</RevenueNotRptdOnFinStmt>
      <TotalRevenuePerForm990>13785856</TotalRevenuePerForm990>
      <TotExpensesEtcAuditedFinclStmt>14668666</TotExpensesEtcAuditedFinclStmt>
      <DonatedServicesUseOfFacilities>335000</DonatedServicesUseOfFacilities>
      <OtherExpensesIncluded>367390</OtherExpensesIncluded>
      <ExpensesNotRptdF990>702390</ExpensesNotRptdF990>
      <ExpensesSubtotal>13966276</ExpensesSubtotal>
      <ExpensesNotRptdOnFinStmt>0</ExpensesNotRptdOnFinStmt>
      <TotalExpensesPerForm990>13966276</TotalExpensesPerForm990>
      <Form990ScheduleDPartXIV>
        <Identifier>PART XI, LINE 8 - OTHER ADJUSTMENTS:</Identifier>
        <Explanation>CAR FEES -17,812.</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Identifier>PART XII, LINE 4B - OTHER ADJUSTMENTS:</Identifier>
        <Explanation>RENTAL EXPENSES -337,082. COST OF GOODS SOLD -30,308. CAR FEES 17,812.</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Identifier>PART XIII, LINE 2D - OTHER ADJUSTMENTS:</Identifier>
        <Explanation>RENTAL EXPENSES 337,082. COST OF GOODS SOLD 30,308.</Explanation>
      </Form990ScheduleDPartXIV>
    </IRS990ScheduleD>
    <IRS990ScheduleG documentId="RetDoc1041200001">
      <MailSolicitations>X</MailSolicitations>
      <EmailSolicitations>X</EmailSolicitations>
      <PhoneSolicitations>X</PhoneSolicitations>
      <SolicitationOfNonGovtGrants>X</SolicitationOfNonGovtGrants>
      <SolicitationOfGovtGrants>X</SolicitationOfGovtGrants>
      <AgreementRefFundraising>1</AgreementRefFundraising>
      <FundraiserActivityInformation>
        <NameOfOrganization>
          <BusinessNameLine1>MCPHERSON ASSOCIATES</BusinessNameLine1>
        </NameOfOrganization>
        <AddressUS>
          <AddressLine1>312 EAST KING STREET</AddressLine1>
          <City>MALVERN</City>
          <State>PA</State>
          <ZIPCode>19355</ZIPCode>
        </AddressUS>
        <Activity>DIRECT MAIL</Activity>
        <FundraiserControlOfFunds>0</FundraiserControlOfFunds>
        <GrossReceipts>1038259</GrossReceipts>
        <AmountRetainedByContractor>360671</AmountRetainedByContractor>
        <NetToOrganization>677588</NetToOrganization>
      </FundraiserActivityInformation>
      <FundraiserActivityInformation>
        <NameOfOrganization>
          <BusinessNameLine1>PHONE BANK SYSTEMS</BusinessNameLine1>
        </NameOfOrganization>
        <AddressUS>
          <AddressLine1>4990 NORTHWIND DRIVE SUITE 235</AddressLine1>
          <City>EAST LANSING</City>
          <State>MI</State>
          <ZIPCode>48823</ZIPCode>
        </AddressUS>
        <Activity>TELEMARKETING</Activity>
        <FundraiserControlOfFunds>0</FundraiserControlOfFunds>
        <GrossReceipts>270726</GrossReceipts>
        <AmountRetainedByContractor>135265</AmountRetainedByContractor>
        <NetToOrganization>135461</NetToOrganization>
      </FundraiserActivityInformation>
      <FundraiserActivityInformation>
        <NameOfIndividual>ELLIOT OSHRY</NameOfIndividual>
        <AddressUS>
          <AddressLine1>6629 AYLESBORO AVE</AddressLine1>
          <City>PITTSBURGH</City>
          <State>PA</State>
          <ZIPCode>15217</ZIPCode>
        </AddressUS>
        <Activity>FUNDRAISING CONSULTANT</Activity>
        <FundraiserControlOfFunds>0</FundraiserControlOfFunds>
        <GrossReceipts>0</GrossReceipts>
        <AmountRetainedByContractor>24671</AmountRetainedByContractor>
        <NetToOrganization>0</NetToOrganization>
      </FundraiserActivityInformation>
      <TotalGrossReceipts>1308985</TotalGrossReceipts>
      <TotalRetainedByContractors>520607</TotalRetainedByContractors>
      <TotalNetToOrganization>813049</TotalNetToOrganization>
      <LicensedStates>PA</LicensedStates>
      <LicensedStates>OH</LicensedStates>
      <LicensedStates>WV</LicensedStates>
    </IRS990ScheduleG>
    <IRS990ScheduleJ documentId="RetDoc1042400001">
      <SubstantiationRequired>1</SubstantiationRequired>
      <CompensationCommittee>X</CompensationCommittee>
      <IndependentConsultant>X</IndependentConsultant>
      <Form990OfOtherOrganizations>X</Form990OfOtherOrganizations>
      <WrittenEmploymentContract>X</WrittenEmploymentContract>
      <CompensationSurvey>X</CompensationSurvey>
      <BoardOrCommitteeApproval>X</BoardOrCommitteeApproval>
      <SeverancePayment>0</SeverancePayment>
      <SupplementalNonqualRetirePlan>0</SupplementalNonqualRetirePlan>
      <EquityBasedCompArrangement>0</EquityBasedCompArrangement>
      <CompBasedOnRevenueOfFilingOrg>0</CompBasedOnRevenueOfFilingOrg>
      <CompBasedOnRevenueRelatedOrgs>0</CompBasedOnRevenueRelatedOrgs>
      <CompBasedNetEarningsFilingOrg>0</CompBasedNetEarningsFilingOrg>
      <CompBasedNetEarningsRelateOrgs>0</CompBasedNetEarningsRelateOrgs>
      <AnyNonFixedPayments>1</AnyNonFixedPayments>
      <InitialContractException>0</InitialContractException>
      <Form990ScheduleJPartII>
        <NamePerson>DEBORAH L ACKLIN</NamePerson>
        <BaseCompensationFilingOrg>244967</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>0</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>180</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>0</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>0</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>5739</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>250886</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
        <CompReportPrior990FilingOrg>0</CompReportPrior990FilingOrg>
        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>DARRYL FORD - WILLIAMS</NamePerson>
        <BaseCompensationFilingOrg>120000</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>30000</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>276</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>0</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>0</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>0</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>150276</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
        <CompReportPrior990FilingOrg>0</CompReportPrior990FilingOrg>
        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartIII>
        <ReturnReference>PART I, LINE 7</ReturnReference>
        <Explanation>A PERFORMANCE BONUS WAS AWARDED TO MS. DARRYL FORD - WILLIAMS.</Explanation>
      </Form990ScheduleJPartIII>
    </IRS990ScheduleJ>
    <IRS990ScheduleL documentId="RetDoc1042800001">
      <Form990ScheduleLPartIV>
        <NameOfInterestedPerson>
          <NamePerson>ELLIOT OSHRY</NamePerson>
        </NameOfInterestedPerson>
        <Relationship>BOARD DIRECTOR'S FAMILY MEMBER</Relationship>
        <AmountOfTransaction>24671</AmountOfTransaction>
        <DescriptionOfTransaction>FUNDRAISING SERVICES</DescriptionOfTransaction>
        <SharingOfRevenues>0</SharingOfRevenues>
      </Form990ScheduleLPartIV>
    </IRS990ScheduleL>
    <IRS990ScheduleM documentId="RetDoc1042900001">
      <CarsAndOtherVehicles>
        <NonCashCheckbox>X</NonCashCheckbox>
        <NumberOfContributions>67</NumberOfContributions>
        <NoncashContribsRptdF990>51990</NoncashContribsRptdF990>
        <MethodOfDeterminingRevenues>SALE PROCEEDS</MethodOfDeterminingRevenues>
      </CarsAndOtherVehicles>
      <SecuritiesPubliclyTraded>
        <NonCashCheckbox>X</NonCashCheckbox>
        <NumberOfContributions>9</NumberOfContributions>
        <NoncashContribsRptdF990>18726</NoncashContribsRptdF990>
        <MethodOfDeterminingRevenues>FMV</MethodOfDeterminingRevenues>
      </SecuritiesPubliclyTraded>
      <NumberOf8283Received>0</NumberOf8283Received>
      <AnyPropertyThatMustBeHeld>0</AnyPropertyThatMustBeHeld>
      <ReviewProcessUnusualNCGifts>1</ReviewProcessUnusualNCGifts>
      <ThirdPartiesUsed>1</ThirdPartiesUsed>
      <Form990ScheduleMPartII>
        <Identifier>THIRD PARTY USE:</Identifier>
        <ReturnReference>PART I, LINE 32B:</ReturnReference>
        <Explanation>AUTOMOBILES ARE DONATED TO WQED MULTIMEDIA. WQED HAS A CONTRACT WITH CENTER FOR CAR DONATIONS LOCATED IN BEND, OREGON. CENTER FOR CAR DONATIONS SENDS ACKNOWLEDGEMENT LETTERS AND REQUIRED TAX FORMS ON BEHALF OF WQED TO DONORS. TOTAL AUCTION PROCEEDS $51,990 FEE/EXPENSE ($9,141) TOTAL RECEIVED BY WQED $42,850</Explanation>
      </Form990ScheduleMPartII>
    </IRS990ScheduleM>
    <IRS990ScheduleO documentId="RetDoc1044400001">
      <GeneralExplanation>
        <Identifier>ORGANIZATION MISSION STATEMENT</Identifier>
        <ReturnReference>FORM 990, PART III, LINE 1</ReturnReference>
        <Explanation>WQED MULTIMEDIA PROVIDES QUALITY PRODUCTS AND SERVICES TO ENGAGE, INFORM, EDUCATE AND ENTERTAIN THE PUBLIC WITHIN ITS LOCAL COMMUNITY AND AROUND THE WORLD. WQED PITTSBURGH HAS A PROUD HISTORY OF HONORS, INCLUDING 134 NATIONAL AND MID-ATLANTIC EMMY AWARDS, AN ACADEMY AWARD, AND MANY, MANY OTHERS, INCLUDING TWO EMMY AWARDS FOR STATION EXCELLENCE. WQED WAS FOUNDED IN 1954 AS THE NATION'S FIRST COMMUNITY-SUPPORTED BROADCASTER. THE PEOPLE OF WQED CREATE, PRODUCE AND DISTRIBUTE QUALITY PROGRAMS, PRODUCTS AND SERVICES TO ENGAGE, INFORM, EDUCATE AND ENTERTAIN THE PUBLIC WITHIN THEIR COMMUNITY AND AROUND THE WORLD. WQED MULTIMEDIA INCLUDES WQED-TV (PBS); WQED: THE NEIGHBORHOOD CHANNEL; WQED: THE CREATE CHANNEL; WQED SHOWCASE; CLASSICAL WQED-FM 89.3/PITTSBURGH; CLASSICAL WQEJ-FM 89.7/JOHNSTOWN; THE PITTSBURGH CONCERT CHANNEL AT WQED-HD2 (89.3-2FM) AND ONLINE AT WWW.WQED.ORG/FM; LOCAL AND NATIONAL TELEVISION AND RADIO PRODUCTIONS; WQED INTERACTIVE (WWW.WQED.ORG) AND IQ: SMARTMEDIA, WQED'S EDUCATIONAL INITIATIVE (WWW.WQED.ORG/EDU).</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>PROGRAM SERVICE STATEMENT</Identifier>
        <ReturnReference>FORM 990, PART III, LINE 4A, PROGRAM SERVICE ACCOMPLISHMENTS:</ReturnReference>
        <Explanation>WQED-FM PRODUCES AND AIRS MORE THAN 4,000 HOURS OF LOCAL PROGRAMMING EACH YEAR AND SHINES A SPOTLIGHT ON MUSIC AND THE ARTS. IN 2011, THE PITTSBURGH CONCERT CHANNEL SIGNED ON AT WQED-FM HD-2 AND ON WQED INTERACTIVE TO THE PLEASURE OF CLASSICAL MUSIC LOVERS WORLDWIDE. WQEJ-GM 89.7 IS A REPEATER THAT SIMULCASTS WQED-FM PROGRAMMING TO THE JOHNSTOWN/ALTOONA/SOMERSET REGION. WQED-FM BROADCASTS FROM THE CAROLYN M. BYHAM STUDIO IN PITTSBURGH'S CULTURAL DISTRICT AND FROM THE BAYER CENTER FOR THE ARTS IN OAKLAND WITH CLASSICAL MUSIC, HOURLY NPR NEWS UPDATES, AND MORE THAN 300 ON-AIR SEGMENTS THAT PROMOTE ARTS AND CULTURE ORGANIZATIONS IN THE REGION. WQED-FM HAS AN AUDIENCE OF MORE THAN 72,000 WEEKLY LISTENERS AND SERVES THE COMMUNITY AS THE REGION'S CLASSICAL ARTS AND CULTURE STATION. WQED'S EDUCATION DEPARTMENT IS BUILDING A PLATFORM OF ENGAGEMENT THAT WILL HAVE AN IMPACT ON THE ENTIRE COMMUNITY WITH THE LAUNCH OF IQ: SMARTMEDIA, A SIX-YEAR STRATEGIC INITIATIVE THAT FOCUSES ON A NEW CONCEPT OF THE WAY PUBLIC MEDIA INFLUENCES CHILDREN'S EDUCATIONAL DEVELOPMENT. IQ: SMARTMEDIA STRATEGY IS A COMPREHENSIVE INITIATIVE THAT INCORPORATES RESEARCH, OUTREACH, CREATIVE PARTNERSHIPS, AND ONLINE ENGAGEMENT. THE STRATEGY ADDRESSES THE NEED FOR A STRONG NON-PROFIT PUBLIC MEDIA COMPANY INTEGRATED WITH PITTSBURGH'S TECHNOLOGICAL, CREATIVE, AND EDUCATIONAL ASSETS. WQED'S WEBSITE ATTRACTS 1,196,000 VISITORS ANNUALLY FROM COUNTRIES AND TERRITORIES ALL OVER THE WORLD. VISITORS CAN LISTEN TO THE PITTSBURGH SYMPHONY ORCHESTRA RADIO SERIES, THE LIVE STREAM OF WQED-FM, AND WATCH WQED'S LOCAL TELEVISION PROGRAMS ONLINE FOR FREE. WQED'S SOCIAL MEDIA EFFORTS RESULTS IN A FACEBOOK FOLLOWING OF 7,023 FRIENDS AND MORE THAN 10,000 TWITTER FOLLOWERS. IN 2012 WQED WAS AWARDED A MAJOR GRANT FROM THE NATIONAL ENDOWMENT FOR THE HUMANITIES (NEH) TO SUPPORT PRODUCTION OF A NATIONAL DOCUMENTARY ON THE LIFE AND WORK OF PITTSBURGH NATIVE AND PULITZER PRIZE-WINNING PLAYWRIGHT AUGUST WILSON. AUGUST WILSON: THE GROUND ON WHICH I STAND WILL BE A 90-MINUTE HIGH-DEFINITION TELEVISION DOCUMENTARY AND THE FIRST IN-DEPTH EXPLORATION OF THE LIFE, WORK AND CULTURAL IMPACT OF THE TWO-TIME PULITZER PRIZE-WINNING AFRICAN AMERICAN PLAYWRIGHT AND PITTSBURGH NATIVE (1945 - 2005). THE PROGRAM WILL BE A CO-PRODUCTION OF WQED AND THE PBS SERIES AMERICAN MASTERS AND WILL AIR IN LATE 2014. AS A STORIED PRODUCER OF PBS PROGRAMMING, WQED WILL TELL THIS STORY USING THE HIGH-QUALITY STANDARDS FOR WHICH WE ARE KNOWN. AS AN EDUCATIONAL INSTITUTION, WQED WILL USE THE FINISHED DOCUMENTARY AS THE CENTERPIECE OF A MULTI-PLATFORM EDUCATIONAL OUTREACH PROGRAM. WQED PRESENTED PITTSBURGH FROM THE AIR II IN PARTNERSHIP WITH UPMC - THE SECOND INSTALLMENT IN WQED'S HUGELY POPULAR AERIAL JOURNEY OF WESTERN PENNSYLVANIA. THIS NEW DOCUMENTARY PREMIERED ON OCTOBER 4, 2012 ON WQED-TV AND ONLINE FOR VIEWERS AROUND THE COUNTRY AND THE WORLD. THE ONLINE STREAM WAS IN RESPONSE TO REQUESTS FROM VIEWERS AROUND THE COUNTRY LAST YEAR WHO WANTED THE CHANCE TO SEE THE HIGH-DEFINITION DOCUMENTARY AT THE SAME TIME IT AIRED IN THE PITTSBURGH TELEVISION MARKET. PITTSBURGH FROM THE AIR II WAS DISTRIBUTED THROUGH MULTIPLE PLATFORMS. THE RESPONSE TO THE FIRST DOCUMENTARY IN 2011 WAS OVERWHELMING. SHOT WITH A HIGH-DEFINITION GYROSCOPIC CAMERA FROM AN ASTAR HELICOPTER, THE DOCUMENTARY CAPTURED STUNNING IMAGES AS ITS SWOOPED OVER MOUNTAINS, VALLEYS, RIVERS, GORGES, SKYSCRAPERS AND TOWNS TO SHOWCASE THE NATURAL BEAUTY OF THE REGION. WQED PRODUCERS FLEW OVER SEVEN WESTERN PENNSYLVANIA COUNTIES TO SHOWCASE SOME FAVORITE LANDMARKS AND SOME OFTEN UNSEEN PLACES. WQED AIRED A SEASON WITH COMPELLING, EDUCATIONAL AND ENTERTAINING LOCAL PROGRAMMING. THE NEW TELEVISION SEASON KICKED OFF THE WEEK OF OCTOBER 8, 2012 WITH RETURNING PROGRAMS EXPERIENCE ON MONDAYS; HORIZONS ON TUESDAYS; PITTSBURGH 360 ON THURSDAYS; 4802 ON FRIDAYS; AND FILMMAKERS CORNER ON SATURDAYS. NEW TO THE LOCAL LINEUP THIS SEASON IS CONVERSATION@WQED WEDNESDAYS AT 7:30 PM. WQED'S EMMY AWARD-WINNING MICHAEL BARTLEY HOSTS THIS LIVE, WEEKLY DISCUSSION PROGRAM FOCUSING ON TOPICAL ISSUES. GUESTS WILL INCLUDE LOCAL, REGIONAL AND NATIONAL NEWSMAKERS, COMMUNITY LEADERS, AUTHORS, EDUCATORS, ENTERTAINERS, ATHLETES AND MORE. VIEWERS CAN INTERACT USING NEW MEDIA SUCH AS TWITTER CONVERSATIONS AND TEXT POLLING. CONVERSATION@WQED IS A NEW PROGRAM THAT ADDS ADDITIONAL VARIETY TO WQED'S LINEUP OF LOCAL PROGRAMMING. WQED HAS DEDICATED MANY YEARS OF EFFORT TO PRODUCE LOCAL SHOWS THAT FEATURE PEOPLE IN OUR COMMUNITY, SHOWS THAT TAKE THE TIME TO DELVE INTO ISSUES, AND SHOWS THAT SHOWCASE THE GOOD THINGS THAT ARE HAPPENING IN SOUTHWESTERN PENNSYLVANIA. PART OF WQED'S CIVIC JOURNALISM MISSION INCLUDES INFORMING THE PUBLIC OF IMPORTANT EVENTS, AND NO AMERICAN HAS A MORE IMPORTANT CIVIC DUTY THAT TO BE INFORMED ABOUT THE ISSUES IN PRESIDENTIAL ELECTIONS. WQED DEVOTED THE LAST FRIDAY OF EVERY MONTH BEGINNING IN JANUARY 2012 TO THE UPCOMING PRESIDENTIAL RACE WITH SPECIAL EPISODES OF 4802 CALLED ROAD TO THE WHITE HOUSE. EACH EPISODE FOCUSED ON ONE ISSUE OF IMPORTANCE TO A LOCAL AUDIENCE WITH A LOCAL PERSPECTIVE: THE ECONOMY, HEALTH CARE, FOREIGN POLICY, IMMIGRATION, JOBS, AND EDUCATION. WQED TAPED A HALF HOUR COUNTY EXECUTIVE CANDIDATES FORUM ON OCTOBER 28, 2011 THAT AIRED AS A SPECIAL 4802 THAT EVENING. HOST CHRIS MOORE MODERATED A DISCUSSION WITH CANDIDATES D. RAJA AND RICH FITZGERALD ON HUMAN AND SOCIAL SERVICE ISSUES IN ALLEGHENY COUNTY. WQED ALSO WELCOMED A STUDIO AUDIENCE TO THIS TAPING. THIS EPISODE WAS NOT A DEBATE - IT WAS AN INTELLIGENT CONVERSATION ON A SPECIFIC TOPIC THAT ALLOWED EACH CANDIDATE TO VOICE THEIR VIEWS AND POLICIES ON AN IMPORTANT LOCAL ISSUE. WQED KICKED OFF A VERY SPECIAL SERIES BEGINNING IN FEBRUARY 2012 THAT WILL CONTINUE INTO 2013: PORTRAYAL &amp; PERCEPTION: AFRICAN AMERICAN MEN &amp; BOYS TELLS THE STORY OF LOCAL INDIVIDUALS AND ORGANIZATIONS WHO ARE CHALLENGING COMMON PORTRAYALS AND PERCEPTIONS OF THEM AND THEIR CULTURE. THE SECOND EPISODE IN THE SERIES ON FEBRUARY 28, 2012 FOCUSED ON THE AFRO AMERICAN MUSIC INSTITUTE (AAMI), WHICH IS KNOWN FOR TEACHING THE CRAFT AND CULTURE OF AFRICAN AMERICAN MUSICAL FORMS TO AREA YOUTH FOR ALMOST THIRTY YEARS AND HAVING A LASTING IMPACT ON THE STUDENTS IT SERVES. ON MARCH 19, 2012, WQED TOOK A LOOK AT LOCAL AFRICAN AMERICAN ENTREPRENEURS AND THEIR UNIQUE BUSINESSES WHERE HARD-WORK, VISION AND SERVICE ARE THE CRUX OF THESE OPERATIONS. OFTEN OVERLOOKED BY COMMERCIAL MEDIA, THESE INDIVIDUALS ARE EXPERIENCING FINANCIAL SUCCESS AND FINDING WAYS TO INSPIRE FUTURE BUSINESS LEADERS. THE THIRD SPECIAL EPISODE AIRED ON APRIL 17, 2012 WITH CHRIS MOORE TALKING WITH AFRICAN AMERICAN MALES WHO ARE FED UP WITH THE PORTRAITS OF THEM DRAWN BY MAINSTREAM MEDIA. THROUGH ONE HOOD MEDIA, JASIRI X AND PARADISE THE ARKITECH GRAY ARE TEACHING YOUNG PEOPLE HOW TO CONTROL THE IMAGE OF YOUNG BLACK MALES BY USING THE MEDIUMS AT THEIR DISPOSAL. MOORE EXPLAINED TO VIEWERS HOW THE NEW MEDIA ACADEMY OF ONE HOOD MEDIA IS HELPING THE STUDENTS USE THEIR OWN STORIES TO PREPARE FOR THE FUTURE. A FOURTH EPISODE AND TOWN HALL MEETING WERE PART OF THE NEW SEASON IN OCTOBER 2012 WITH A SPECIAL EPISODE OF PITTSBURGH 360 THAT SHOWED HOW PEOPLE ARE "TEACHING SUCCESS" TO YOUNG AFRICAN AMERICAN MEN. IN ADDITION TO WQED, THE EPISODE WILL AIR ON WGBH IN BOSTON AND WHUT IN WASHINGTON, DC. WQED CONTINUED ITS YEAR-LONG FOCUS ON MARCELLUS SHALE IN 2012 UNDER THE BANNER MANAGING MARCELLUS - ITS IMPACT ON THE ECONOMY, THE ENVIRONMENT, AND THE CONTROVERSIES. WQED BROUGHT THE ISSUE TO THE PUBLIC THROUGH IN-DEPTH AND BALANCED COVERAGE UTILIZING EXPERTS IN THE ENVIRONMENTAL AND ENERGY FIELDS. THE LATEST INSTALLMENT OF MANAGING MARCELLUS AIRED ON MAY 24, 2012 AND WAS TITLED MARCELLUS JOURNALIST TOWN HALL MEETING, WHERE WE HEARD FROM JOURNALISTS WHO ARE COVERING THE TOPIC FOR THEIR NEWS ORGANIZATIONS.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>PRIOR TO THAT, A MANAGING MARCELLUS PROGRAM AIRED ON JANUARY 26, 2012 AND FOCUSED ON ENERGY AND THE ECONOMY. DURING THIS ONE HOUR LIVE BROADCAST, MICHAEL BARTLEY AND TONIA CARUSO SPOKE WITH A PANEL OF MARCELLUS SHALE EXPERTS THAT INCLUDED: JAN JARRETT, EXECUTIVE DIRECTOR OF PENN FUTURE; DEP SECRETARY MICHAEL KRANCER; DIRECTOR OF THE PENN STATE MARCELLUS CENTER FOR OUTREACH &amp; RESEARCH TOM MURPHY; AND RANGE RESOURCES DIRECTOR OF COMMUNICATION AND PUBLIC AFFAIRS MATT PITZARELLA. THIS SPECIAL PROGRAM UTILIZED TWITTER AS A SOURCE OF PUBLIC COMMENT AND QUESTIONS THAT WERE RELAYED TO THE PANEL. IT MADE FOR A LIVELY DISCUSSION AND KEPT THE CONVERSATION GOING ONLINE WELL AFTER THE PROGRAM HAD AIRED. WQED HAS PRODUCED AND AIRED SO MUCH PROGRAMMING ABOUT MARCELLUS SHALE THAT IT WAS DECIDED TO AIR THE ENTIRE BODY OF MARCELLUS SHALE WORK ON THE WQED NEIGHBORHOOD CHANNEL IN MAY SO THAT ALL PROGRAMS COULD BE SEEN IN SEQUENCE. THE WEEK OF MAY 13 WAS DEVOTED TO THE COMPLETE MARCELLUS SHALE PROGRAMMING LIBRARY, WHICH ROTATED IN SEVEN-HOUR BLOCKS THROUGH MAY 19. A VIEWER COULD WATCH EACH NIGHT AT 8 PM TO SEE ALL SEVEN HOURS IN THE COURSE OF A WEEK.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 11</ReturnReference>
        <Explanation>THE BUSINESS, OPERATIONS, AND FINANCE COMITTEE OF THE BOARD ARE GIVEN A COPY OF THE RETURN TO REVIEW. A QUOROM OF THE COMMITTEE DISCUSSES AND APPROVES THE RETURN IN A CONFERENCE CALL OR MEETING. SUBSEQUENT TO APPROVAL BY THE BUSINESS, OPERATIONS AND FINANCE COMMITTEE ALL MEMBERS OF THE BOARD ARE SENT A COPY OF THE FINAL 990 BEFORE IT IS FILED.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 12C</ReturnReference>
        <Explanation>EVERY YEAR EACH BOARD MEMBER IS REQUIRED TO COMPLETE A NEW CONFLICTS QUESTIONNAIRE WHICH ADDRESSES ALL THE POINTS IN THE CONFLICT OF INTEREST POLICY.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 15</ReturnReference>
        <Explanation>WQED MULTIMEDIA IS A PUBLIC TV AND RADIO OPERATOR OF WHICH THERE IS A LARGER NETWORK; THEREFORE BASED ON THE TYPE AND DEMOGRAPHICS, THERE IS COMPARABLE COMPENSATION AVAILABLE ON AN ONGOING BASIS. EVERY THREE OR FOUR YEARS, OR AS DEEMED NECESSARY, AN INDEPENDENT SALARY CONSULTANT DOES A SURVEY TO MAKE SURE THAT COMPENSATION IS WITHIN THE MARKET RANGE OF COMPARABLE ORGANIZATIONS. THE EXECUTIVE COMMITTEE OF THE BOARD APPROVES THE EXECUTIVE COMPENSATION ANNUALLY FOR THE ORGANIZATION AND ALSO APPROVES A SUM OF MONEY THAT CAN BE USED FOR GENERAL STAFF RAISES IF APPLICABLE. COMPENSATION AMOUNTS FOR GENERAL STAFF ARE AGREED UPON BY DEPARTMENT HEADS AND HUMAN RESOURCES USING THE FINDINGS OF THE INDEPENDENT CONSULTANT AND COMPARABLE DATA FOR SIMILAR ORANIZATIONS AS A GUIDELINE. ALL COMPENSATION AMOUNTS ARE BASED ON MARKET RATES AND ARE DETERMINED TO BE REASONABLE.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION C, LINE 19</ReturnReference>
        <Explanation>THE ORGANIZATIONS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>CHANGES IN NET ASSETS OR FUND BALANCES:</Identifier>
        <ReturnReference>FORM 990, PART XI, LINE 5:</ReturnReference>
        <Explanation>NET UNREALIZED GAINS ON INVESTMENTS: 779,577. CAR FEES -17,812. TOTAL TO FORM 990, PART XI, LINE 5: 761,765.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART XII, QUESTION 2C, OVERSIGHT OF FINANCIAL STATEMENT AUDIT:</ReturnReference>
        <Explanation>WQED MULTIMEDIA'S FINANCIAL STATEMENTS ARE AUDITED BY AN INDEPENDENT ACCOUNTING FIRM. IN ADDITION, WQED MULTIMEDIA HAS A COMMITTEE THAT ASSUMES THE RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND ITS SELECTION OF THE INDEPENDENT ACCOUNTANT.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
    <IRS990ScheduleR documentId="RetDoc1043400001">
      <Form990ScheduleRPartI>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>WQED PRODUCTIONS LLC</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>4802 FIFTH AVE</AddressLine1>
          <City>PITTSBURGH</City>
          <State>PA</State>
          <ZIPCode>15213</ZIPCode>
        </AddressUS>
        <EIN>010682712</EIN>
        <PrimaryActivities>EDUCATIONAL MEDIA</PrimaryActivities>
        <LegalDomicileState>PA</LegalDomicileState>
        <TotalIncome>0</TotalIncome>
        <EOYAssets>1000</EOYAssets>
        <DirectControllingEntityNA>N/A</DirectControllingEntityNA>
      </Form990ScheduleRPartI>
      <Form990ScheduleRPartI>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>WAR THAT MADE AMERICA LLC</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>4802 FIFTH AVE</AddressLine1>
          <City>PITTSBURGH</City>
          <State>PA</State>
          <ZIPCode>15213</ZIPCode>
        </AddressUS>
        <EIN>010682697</EIN>
        <PrimaryActivities>EDUCATIONAL MEDIA</PrimaryActivities>
        <LegalDomicileState>PA</LegalDomicileState>
        <TotalIncome>0</TotalIncome>
        <EOYAssets>0</EOYAssets>
        <DirectControllingEntityNA>N/A</DirectControllingEntityNA>
      </Form990ScheduleRPartI>
    </IRS990ScheduleR>
  </ReturnData>
</Return>