2026-08-12T15:13:09-05:00 2025-09-30 991856619 GRANT THORNTON ADVISORS LLC 101 CALIFORNIA ST SUITE 2700 SAN FRANCISCO CA 94111 990 2024-10-01 941241309 KQED INC KQED 4158642000 2601 MARIPOSA STREET SAN FRANCISCO CA 941101400 DAVID BOUTRY CFO 4158642000 2026-08-12 1 0 DANIEL ROMANO P00504182 4159863900 2024 2025-03-06 01:10:19Z MICHAEL ISIP 2601 MARIPOSA STREET SAN FRANCISCO CA 941101400 148497667 0 X WWW.KQED.ORG X 1954 CA INFORM, INSPIRE, INVOLVE 30 30 577 982 5795508 123514 85781746 98776177 14523905 12386514 7826415 8721532 813698 1105560 108945764 120989783 0 0 0 0 63652803 63814016 748513 860733 20762513 48615453 46693913 113016769 111368662 -4071005 9621121 357038039 380642165 26149619 29748923 330888420 350893242 X SEE SCHEDULE OKQED SERVES THE PEOPLE OF NORTHERN CALIFORNIA WITH A COMMUNITY-SUPPORTED ALTERNATIVE TO COMMERCIAL MEDIA, PROVIDING THE KNOWLEDGE NEEDED TO MAKE INFORMED DECISIONS; CONVENING COMMUNITY DIALOGUE; BRINGING THE ARTS TO EVERYONE; AND ENGAGING AUDIENCES TO SHARE THEIR STORIES. KQED HELPS STUDENTS AND TEACHERS THRIVE IN 21ST-CENTURY CLASSROOMS AND TAKES PEOPLE OF ALL AGES ON JOURNEYS OF EXPLORATION EXPOSING THEM TO NEW PEOPLE, PLACES AND IDEAS.KQED'S VISIONTO PRODUCE A POWERFUL SHARED SENSE OF PLACE FOR THE BAY AREA. 0 0 32234419 0 2805326 MULTIPLATFORM CONTENT - NEWS, ARTS AND SCIENCE: SEE SCHEDULE OKQED'S CONTENT TEAMS DEVELOP NEWS AND PROGRAMMING THAT COMPLEMENTS DISTRIBUTED CONTENT FROM OUR NATIONAL MEDIA PARTNERS, INCLUDING NPR AND PBS. FOCUSING ON REGIONAL NEWS, ARTS & CULTURE, EDUCATION AND SCIENCE, KQED DEVELOPS COVERAGE AND CONTENT FOR DISTRIBUTION ACROSS OUR RADIO AND TELEVISION CHANNELS, AS WELL AS DIGITAL PLATFORMS, INCLUDING OUR WEBSITE (KQED.ORG), MOBILE APP, SOCIAL MEDIA CHANNELS, AND THIRD-PARTY PODCAST AND VIDEO DISTRIBUTION PLATFORMS.EARLY IN THE FISCAL YEAR (FALL 2024), KQED PROVIDED MULTIPLATFORM RESOURCES FOR SAN FRANCISCO BAY AREA VOTERS IN THE GENERAL ELECTION, INCLUDING AN EXPANDED DIGITAL VOTER GUIDE IN BOTH ENGLISH AND SPANISH. IN FY25, KQED VIDEO SERIES PRODUCTIONS INCLUDED DEEP LOOK, THE AWARD-WINNING SCIENCE SERIES FROM KQED AND PBS DIGITAL STUDIOS THAT EXAMINES NATURE'S SMALLEST CREATURES USING MACRO PHOTOGRAPHY AND MICROSCOPY IN 4K RESOLUTION, AND ORIGINAL FOOD PROGRAMS JACQUES PEPIN COOKING AT HOME, JACQUES PEPIN CELEBRATES, AND NO CRUMBS. THE VIDEO PRODUCTION UNIT ALSO SUPPORTED THE VIDEO VERSION OF THE FORUM RADIO SERIES, THE HYPHENACION PODCAST SERIES, AND THE LONG-RUNNING TELEVISION PROGRAM CHECK, PLEASE! BAY AREA. THE VIDEO PRODUCTION TEAM ALSO DEVELOPED VERTICAL VIDEO COMPONENTS TO DRIVE KQED'S NEWS, ARTS AND CULTURE AND, SCIENCE JOURNALISM ACROSS SOCIAL CHANNELS.KQED SUPPORTED A SUITE OF THIRTEEN ORIGINAL PODCASTS IN 2025, INCLUDING THE LAUNCHES OF CLOSE ALL TABS, A WEEKLY GUIDE TO DIGITAL TRENDS CHANGING OUR WORLD, AND HYPHENACION, WHICH FEATURES CONVERSATIONS ABOUT PERSONAL LIFE CHOICES: FAMILY, CAREERS, RELATIONSHIPS. CONTINUING PODCASTS INCLUDE BAY CURIOUS, THE BAY, MINDSHIFT, THE LATEST, SNAP JUDGMENT, SPOOKED, AND THE PODCAST VERSIONS OF THE RADIO SERIES FORUM, POLITICAL BREAKDOWN, THE CALIFORNIA REPORT, THE CALIFORNIA REPORT MAGAZINE, AND PERSPECTIVES. 18759073 0 1330373 TELEVISION: SEE SCHEDULE OKQED 9 AND KQED PLUS ARE AMONG THE NATION'S MOST-WATCHED PUBLIC TELEVISION STATIONS WITH AN AVERAGE OF APPROXIMATELY 470,000 WEEKLY VIEWERS IN THE SAN FRANCISCO-OAKLAND-SAN JOSE MARKET. KQED OWNS AND OPERATES PUBLIC TELEVISION STATIONS KQED-TV/DT CHANNEL 9 (SAN FRANCISCO), KQEH-TV/DT CHANNEL 54 (SAN JOSE) AND KQET-TV/DT CHANNEL 25 (WATSONVILLE/MONTEREY).KQED'S DIGITAL TELEVISION CHANNELS INCLUDE KQED 9, KQED PLUS, KQED WORLD AND PBS KIDS, AND ARE AVAILABLE 24/7 OVER THE AIR AND ON CABLE. ADDITIONALLY, THE KQED 9 LIVESTREAM IS AVAILABLE ON THE STATION'S WEBSITE AND MOBILE APP. SINCE FIRST GOING ON THE AIR IN 1954, KQED HAS BEEN AN INTEGRAL PART OF THE BAY AREA'S MEDIA AND CULTURAL LANDSCAPE. THE STATION PRODUCES ITS OWN UNIQUE CONTENT AND COLLABORATES WITH FILMMAKERS AND DOCUMENTARY PRODUCERS TO PRESENT INDEPENDENT PROGRAMMING. KQED PUBLIC TELEVISION IS COMMITTED TO PRODUCING, CO-PRODUCING AND PRESENTING CONTENT THAT SERVES THE PEOPLE OF NORTHERN CALIFORNIA AND BEYOND. IN FY25, KQED BROADCAST THE FIRST HALF OF THE 20TH SEASON OF CHECK, PLEASE! BAY AREA, WHERE ORDINARY LOCAL DINERS REVIEW THEIR FAVORITE RESTAURANTS. 10151838 0 6650900 FM RADIO: SEE SCHEDULE OKQED PUBLIC RADIO IS AMONG THE MOST-LISTENED-TO PUBLIC RADIO STATIONS IN THE NATION, WITH AN AVERAGE OF NEARLY 700,000 WEEKLY RADIO LISTENERS IN THE SAN FRANCISCO METRO SURVEY AREA.KQED OWNS AND OPERATES KQED PUBLIC RADIO 88.5 FM SAN FRANCISCO AND 89.3 FM SACRAMENTO. ITS AWARD-WINNING NEWS AND PUBLIC AFFAIRS PROGRAM SERVICE CAN BE HEARD ON 88.5 FM OR COMCAST CHANNEL 960 IN SAN FRANCISCO, KQED 89.3 FM IN SACRAMENTO, 88.3 FM IN SANTA ROSA AND 88.1 FM IN MARTINEZ.KQED PUBLIC RADIO BROADCASTS MANY PROGRAMS FROM NPR, AS WELL AS FROM OTHER NATIONAL AND INTERNATIONAL DISTRIBUTORS LIKE PRX AND BBC RADIO. KQED PUBLIC RADIO ALSO PRODUCES A SIGNIFICANT NUMBER OF LOCAL SERIES, INCLUDING THE DAILY PUBLIC AFFAIRS PROGRAM FORUM; THE WEEKLY POLITICAL NEWS AND INTERVIEW PROGRAM POLITICAL BREAKDOWN; AND THE DAILY STATEWIDE NEWS PROGRAM THE CALIFORNIA REPORT, WHICH ALONG WITH ITS WEEKEND COUNTERPART THE CALIFORNIA REPORT MAGAZINE ARE DISTRIBUTED TO SEVERAL OTHER PUBLIC MEDIA ACROSS THE STATE. IN ADDITION, KQED PUBLIC RADIO PRODUCES AND DISTRIBUTES 18 LOCAL NEWS REPORTS EACH WEEK DAY; 15 NEWS REPORTS SATURDAYS; AND 13 NEWS REPORTS ON SUNDAYS. PUBLIC RADIO PRESENTS LOCALLY PRODUCED CONTENT FROM CITY ARTS AND LECTURES. BEYOND BROADCAST, KQED PUBLIC RADIO SERVES THE SAN FRANCISCO BAY AREA WITH CONTENT THROUGH A WIDE ARRAY OF ON-DEMAND AND LIVE STREAM SERVICES. THE KQED PUBLIC RADIO FLAGSHIP PUBLIC AFFAIRS CALL-IN PROGRAM FORUM IS ALSO BROADCAST NATIONALLY ON THE SIRIUS XM SATELLITE NETWORK. 14325601 0 1599915 KQED'S DIGITAL PROJECTS AND SERVICES INCLUDE MAINTAINING KQED'S WEBSITE KQED.ORG, THE KQED MOBILE APP, AND DEVELOPING CONTENT AND APPLICATIONS FOR OWNED AND THIRD-PARTY DIGITAL PLATFORMS, SMART SPEAKERS AND MOBILE DEVICES; KQED.ORG HOSTS ONLINE SERVICES FOR KQED PUBLIC TELEVISION, KQED PUBLIC RADIO AND KQED EDUCATIONAL SERVICES; AND SERVES AS A COMMUNITY CONVENER, PROVIDING KQED LIVE EVENT LISTINGS, RESOURCES, CROSSWORDS, PODCASTS, BLOGS AND OTHER ITEMS OF TIMELY INTEREST. KQED.ORG FUNCTIONS AS ONE OF KQED'S MEDIA PLATFORMS, DELIVERING CONTENT SPECIFICALLY ACQUIRED AND PRODUCED FOR THE WEB. KQED.ORG REACHES APPROXIMATELY 1,300,000 UNIQUE WEBSITE USERS. KQED ALSO MANAGES 43 SOCIAL MEDIA ACCOUNTS ON PLATFORMS THAT INCLUDE INSTAGRAM, FACEBOOK, LINKEDIN, X, TIKTOK, THREADS, AND BLUESKY. KQED ALSO REGULARLY DELIVERS 16 EMAIL NEWSLETTER SERIES, WHICH DELIVER NEWS, CONTENT, GAMES, AND PROMOTIONS. KQED PRODUCED A TOTAL OF 65 LIVE PUBLIC EVENTS IN FY25, WHICH TOOK PLACE AT KQED'S HEADQUARTERS AND IN OTHER BAY AREA VENUES. MOST EVENTS WERE MADE AVAILABLE FOR DIGITAL STREAMING AS WELL. SOME HIGHLIGHTS FROM OUR FY25 INCLUDE KQED FEST, AN ALL-DAY OPEN HOUSE AND BLOCK PARTY THAT WELCOMED AT LEAST A FEW THOUSAND ATTENDEES, TRIVIA NIGHTS, FOOD DEMONSTRATIONS PREVIEW SCREENINGS, A TEEN POETRY SLAM, CONCERTS AND ON-STAGE CONVERSATIONS. AND IN MAY 2025, KQED PARTNERED WITH PBS NEWS HOUR TO HOLD THE SECOND-EVER REFRAME FESTIVAL, AN EVENT THAT EMPHASIZED THE VALUE OF REFRAMING PERSPECTIVES AND PROVIDED A SPACE WHERE PIONEERING THOUGHT MET DISCERNING JOURNALISM. THE EVENT BROUGHT TOGETHER ON-AIR TALENT FROM PBS NEWS HOUR AND KQED AND PROMINENT SPEAKERS ON POLITICS, TECHNOLOGY, AND THE ENVIRONMENT.KQED'S EDUCATION YOUTH-AGE MEDIA LITERACY RESOURCES AND SERVICES, INCLUDING STUDENT MEDIA AND LEARNING PLATFORMS AS WELL AS TEACHER PROFESSIONAL DEVELOPMENT. KQED PROVIDES EDUCATORS AND STUDENTS IN THE BAY AREA, CALIFORNIA AND NATIONWIDE FREE ACCESS TO TENS OF THOUSANDS OF DIGITAL RESOURCES DIRECTLY FROM KQED AND PBS LEARNINGMEDIA, INCLUDING VIDEOS, GAMES, AUDIO, IN-DEPTH LESSON PLANS AND PROJECTS. IN THE 2024-25 SCHOOL YEAR, KQED PARTNERED WITH 36 CALIFORNIA SCHOOL DISTRICTS AND SIX COUNTY OFFICES OF EDUCATION TO DELIVER MEDIA LITERACY PROFESSIONAL DEVELOPMENT AND RESOURCES; PARTICIPATED WITH 6,619 EDUCATORS IN MEDIA LITERACY TRAINING WORKSHOPS AND COURSES; PUBLISHED 4,055 STUDENT MEDIA PIECES FROM 27 STATES FOR THE YOUTH MEDIA CHALLENGE SHOWCASE, WHICH RECEIVED NEARLY 130,000 VIEWS; BROUGHT 63 PIECES FROM BAY AREA YOUTH TO KQED'S DIGITAL SHOWS AND AIRWAVES THROUGH THE YOUTH TAKEOVER. TWELVE PUBLIC MEDIA STATIONS SHARED 142 YOUTH MEDIA CHALLENGE SUBMISSIONS CREATED BY LOCAL STUDENTS IN THEIR COMMUNITIES. 14325601 0 1599915 75470931 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 315 0 1 577 1 1 1 0 0 0 0 1 1 1 48 0 0 1 0 0 0 X 30 30 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 AL AR AK CA CO CT DC FL GA HI IL KS KY ME MD MA MI MN MS NV NH NJ NM NY ND OH OK OR PA RI SC TN UT VA WA WV WI X X DAVID BOUTRY 4158642000 2601 MARIPOSA STREET SAN FRANCISCO CA 94110 AJAY SHAH BOARD MEMBER 0.70 0.00 X 0 0 0 ANNE AVIS BOARD CHAIR 10.00 0.00 X 0 0 0 JENNIFER CABALQUINTO BOARD CHAIR 10.00 0.00 X 0 0 0 AUTUMN MCDONALD BOARD MEMBER 0.70 0.00 X 0 0 0 BRIAN CABRERA COMMITTEE CHAIR/EXECUTIVE COMMITTEE 1.80 0.00 X 0 0 0 CARLA JAVITS COMMITTEE CHAIR 0.90 0.00 X 0 0 0 DAROLYN DAVIS BOARD MEMBER 0.70 0.00 X 0 0 0 DAWN GARCIA COMMITTEE CHAIR 0.90 0.00 X 0 0 0 ELIZABETH GONZALEZ BOARD MEMBER 0.70 0.00 X 0 0 0 JAIMIE STUDLEY COMMITTEE CHAIR/EXECUTIVE COMMITTEE 1.80 0.00 X 0 0 0 JAMES CHAM NOMINATING COMMITTEE 0.90 0.00 X 0 0 0 JEAN FRASER COMMITTEE CHAIR 0.90 0.00 X 0 0 0 JIM LOUDERBACK BOARD MEMBER 0.70 0.00 X 0 0 0 JOSE QUINONEZ EXECUTIVE COMMITTEE 0.90 0.00 X 0 0 0 LANDE AJOSE NOMINATING COMMITTEE 0.90 0.00 X 0 0 0 LISA SONSINI EXECUTIVE COMMITTEE 0.90 0.00 X 0 0 0 LUCIA CHOI-DALTON BOARD MEMBER 0.70 0.00 X 0 0 0 MATT ZINN COMMITTEE CHAIR/EXECUTIVE COMMITTEE 1.80 0.00 X 0 0 0 MEG GARLINGHOUSE BOARD MEMBER 0.70 0.00 X 0 0 0 MYLES DANIELSEN BOARD MEMBER 0.70 0.00 X 0 0 0 NADIA ROUMANI BOARD MEMBER 0.70 0.00 X 0 0 0 PENELOPE BLAIR BOARD MEMBER 0.70 0.00 X 0 0 0 SANJAY VASWANI BOARD MEMBER 0.70 0.00 X 0 0 0 SHADI KARRA BOARD MEMBER 0.70 0.00 X 0 0 0 SHANNON BRAYTON EXECUTIVE COMMITTEE 0.90 0.00 X 0 0 0 SUSAN AKBARPOUR BOARD MEMBER 0.70 0.00 X 0 0 0 DAVID KELLY NOMINATING COMMITTEE (AS OF 01/2025) 0.90 0.00 X 0 0 0 KATE JENSEN BOARD MEMBER (AS OF 01/2025) 0.70 0.00 X 0 0 0 KIM MCCORMICK BOARD MEMBER (AS OF 01/2025) 0.70 0.00 X 0 0 0 WILLIAM ROGERS BOARD MEMBER (AS OF 01/2025) 0.70 0.00 X 0 0 0 MICHAEL ISIP PRESIDENT AND CEO 60.00 0.00 X 542294 0 47439 DAVID BOUTRY CHIEF FINANCIAL OFFICER 45.00 0.00 X 314255 0 26727 BRIDGET BARRETT GEN. COUNSEL & CORP. SECRETARY 45.00 0.00 X 263393 0 17808 DELINDA MROWKA CHIEF REVENUE OFFICER 60.00 0.00 X 311375 0 53377 MARIA MILLER CHIEF OPERATIONS & ADMIN. OFFICER 55.00 0.00 X 320852 0 40031 HOLLY KERNAN CHIEF CONTENT OFFICER (THRU 06/2025) 50.00 0.00 X 304759 0 32904 MARIANNE MURPHY VP MEMBER GENEROSITY & AUD. INTEL 50.00 0.00 X 268776 0 14147 MICHAEL BLACK VP, CORPORATE SPONSORSHIP 60.00 0.00 X 300433 0 23280 DAVID HANSEN EXEC DIR., MEDIA OPS & FAC 50.00 0.00 X 231408 0 23750 JOHN REILLY VP OF INFORMATION SECURITY & TECH 50.00 0.00 X 240639 0 25279 DONALD NEWENHOUSE VP, BROADCAST ENGINEERING & OPER. 50.00 0.00 X 227322 0 24082 LYNNE SLATTERY VP, PHILANTHROPY (AS OF 03/2024) 42.00 0.00 X 204645 0 34954 SARAH SAWYER LOCAL MARKETING DIRECTOR 40.00 0.00 X 240763 0 51011 DUKE FAN CHIEF PRODUCT OFFICER 55.00 0.00 X 281145 0 52588 ELIZABETH SEIRMARCO LOCAL MARKETING DIRECTOR 50.00 0.00 X 280767 0 52192 ETHAN TOVEN-LINDSEY VICE PRESIDENT, NEWS 60.00 0.00 X 247981 0 3324 ERIC ABRAMS CHIEF DE&I OFFICER (THRU 08/2025) 48.00 0.00 X 265791 0 7158 4846598 0 530051 190 0 1 0 UNIVERSAL PROTECTION SERVICE LP PO BOX 31001-2374 PASADENA CA 911102374 SECURITY SERVICES 951977 IDEO LP 2525 16TH STREET SAN FRANCISCO CA 94103 DESIGN CONSULTING 310000 CHRISTINA SHOCKLEY - CONSULTING LLC 2730 ANTIETAM CT ANN ARBOR MI 48105 PROFESSIONAL FUNDRAISING CONSULTANT 159380 THURSDAY STRATEGY LLC 2810 N CHURCH ST WILMINGTON DE 19802 PROFESSIONAL CONSULTING SERVICES 156600 GRANT THORNTON LLP PO BOX 51552 LOS ANGELS CA 900515852 PROFESSIONAL SERVICES - AUDIT 143783 11 X 8164739 90611438 5272078 98776177 UNDERWRITING 516100 11545520 5623829 5921691 EDUCATIONAL EVENTS 900099 446280 446280 PRESENTING STATION FEE 516100 224850 224850 PROGRAM SALES 516100 169864 169864 12386514 6529988 -178 6530166 56759 56759 459655 0 459655 459655 56629 403026 29699428 27351466 156418 2347962 -156418 2191544 2191544 REIMBURSEMENT: CA HUB 900099 180000 180000 PARKING REVENUE 900099 137587 137587 ADVERTISING REVENUE 900099 107131 107131 164428 8097 156331 589146 120989783 394714 5795508 16023384 4236414 819990 2238690 1177734 45865 45865 47795207 33261071 6638505 7895631 1213655 786612 211445 215598 6259273 4183490 1005540 1070243 4263602 2763390 742811 757401 316538 9743 288576 18219 188135 188135 81250 81250 860733 860733 419945 419945 4635651 3146490 843229 645932 1777408 1275887 346 501175 7368820 2054106 553601 4761113 4295910 2975461 609517 710932 92077 92077 4209690 3639704 291317 278669 508970 406620 35167 67183 75657 49270 10550 15837 6481 6481 7974564 6510441 672754 791369 412540 285204 67293 60043 PROG. ACQ. & DUES 12157210 12038169 95384 23657 AUDIENCE RSRCH & AUDIO 1103718 857603 40060 206055 AGENCY FEES 253398 253398 EQUIP. RENTAL AND SMALL 183182 158870 13061 11251 632769 75483 116946 440340 111368662 75470931 15135218 20762513 900 900 31323771 40457015 7486828 7946354 4427057 3851202 161181 51800 3272162 2961723 148856066 54919928 99641009 93936138 205936737 223176728 1582644 1495122 3205750 6765183 357038039 380642165 12450324 12336377 707149 720080 12992146 16692466 26149619 29748923 X 278953822 300692513 51934598 50200729 330888420 350893242 357038039 380642165 9621121 10243157 140544 0 X 0 1 X 1 0 X 98580410 88943889 94191873 85781746 98776177 466274095 98580410 88943889 94191873 85781746 98776177 466274095 466274095 3708452 3496625 5967456 6986048 6989951 27148532 0 98705 70032 131874 123514 424125 335905 353644 229540 380494 473918 1773501 495620253 62119825 0.94080 0.94290 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: LIST SALES - 2020 AMOUNT: $ 10,001. 2021 AMOUNT: $ 5,406. 2022 AMOUNT: $ 10,768. 2023 AMOUNT: $ 0. 2024 AMOUNT: $ 20,836. LEGAL SETTLEMENTS - 2020 AMOUNT: $ 186,236. 2021 AMOUNT: $ 114,195. 2022 AMOUNT: $ 0. 2023 AMOUNT: $ 0. 2024 AMOUNT: $ 0. RECOVERY OF BAD DEBT - 2020 AMOUNT: $ 75,987. 2021 AMOUNT: $ 111,088. 2022 AMOUNT: $ 59,574. 2023 AMOUNT: $ 0. 2024 AMOUNT: $ 13,775. REIMBURSEMENT - CALIFORNIA RTG - 2020 AMOUNT: $ 0. 2021 AMOUNT: $ 0. 2022 AMOUNT: $ 90,365. 2023 AMOUNT: $ 90,000. 2024 AMOUNT: $ 180,000. PARKING REVENUE - 2020 AMOUNT: $ 0. 2021 AMOUNT: $ 0. 2022 AMOUNT: $ 65,451. 2023 AMOUNT: $ 146,466. 2024 AMOUNT: $ 137,587. MISCELLANEOUS REVENUE - 2020 AMOUNT: $ 63,681. 2021 AMOUNT: $ 122,955. 2022 AMOUNT: $ 3,382. 2023 AMOUNT: $ 144,028. 2024 AMOUNT: $ 121,720. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 1 0 0 0 0 1 7681 1 81250 0 88931 0 PART II-B, LINE 1: PAID STAFF OR MANAGEMENT KQED'S PRESIDENT & CEO, CHIEF OPERATING OFFICER AND DIRECTOR OF COMMUNICATIONS AND EXTERNAL AFFAIRS TRAVELED TO WASHINGTON, D.C. IN FEBRUARY 2025 TO ATTEND THE ASSOCIATION OF AMERICA'S PUBLIC TELEVISION STATIONS (APTS) ANNUAL SUMMIT MEETINGS AND CAPITOL HILL DAY (FEBRUARY 24-26, 2025). THE APTS SUMMIT MEETINGS ARE HELD TO DISCUSS MATTERS RELATING TO THE LEGISLATIVE AND REGULATORY INTERESTS OF NONCOMMERCIAL TELEVISION STATIONS AT THE NATIONAL LEVEL. SCHEDULE C, PART II-B, LINE 1G DIRECT CONTACT PUBLIC TELEVISION STATION REPRESENTATIVES, INCLUDING MEMBERS OF KQED, MET WITH SENATORIAL AND CONGRESSIONAL OFFICES REPRESENTING THEIR RESPECTIVE DISTRICTS IN WASHINGTON D.C. FEBRUARY 24-26, 2025. KQED'S CHIEF OPERATIONS OFFICER AND DIRECTOR OF COMMUNICATIONS AND EXTERNAL AFFAIRS MET WITH REPRESENTATIVES FROM THE OFFICES REPRESENTING CALIFORNIA'S 2ND, 9TH, 10TH, 12TH, 13TH, 15TH, 16TH AND 17TH DISTRICTS. A COALITION OF GENERAL MANAGERS FROM CALIFORNIA BASED PUBLIC TELEVISION STATIONS, KQED'S PRESIDENT & CEO, MET WITH THE OFFICES OF CALIFORNIA SENATORS ADAM SCHIFF AND ALEX PADILLA. SCHEDULE C, PART II-B, LINE 1H RALLIES, DEMONSTRATIONS, SEMINARS, CONVENTIONS, SPEECHES OR OTHER MEANS: KQED IS A DUES-PAYING MEMBER OF THE ASSOCIATION OF AMERICA'S PUBLIC TELEVISION STATIONS (APTS). THE ASSOCIATION OF PUBLIC TELEVISION STATIONS (APTS) IS A NONPROFIT MEMBERSHIP ORGANIZATION ESTABLISHED IN 1979. THE MISSION OF APTS IS TO CONDUCT IN-CONCERT WITH MEMBER STATIONS-ADVOCACY, PLANNING, RESEARCH AND COMMUNICATIONS ACTIVITIES IN ORDER TO ACHIEVE STRONG AND FINANCIALLY SOUND NONCOMMERCIAL TELEVISION AND ADVANCED DIGITAL SERVICES FOR THE AMERICAN PEOPLE. APTS PROVIDES CONSISTENT LEADERSHIP AND INFORMATION THAT HELPS THEIR MEMBERS BETTER ACCOMPLISH THEIR OWN MISSIONS AND GOALS. APTS PROMOTES THE LEGISLATIVE AND REGULATORY INTERESTS OF NONCOMMERCIAL TELEVISION STATIONS AT THE NATIONAL LEVEL THROUGH DIRECT ADVOCACY, AND GRASS-TOPS AND GRASSROOTS CAMPAIGNS TO GARNER CONGRESSIONAL SUPPORT. DURING THE TAX YEAR ENDING SEPTEMBER 30, 2025, KQED PAID $81,250 OF DUES TO APTS. 184213560 10835831 16944925 6880506 205113810 142300677 14170021 34176790 6433928 184213560 113409238 23838860 13491766 8439188 142300676 130526771 15077034 -24833125 7361442 113409238 115645647 7486339 22001822 14607037 130526771 0.81450 0.18550 0 0 1269691 1269691 91907329 19181726 72725603 55679046 35738202 19940844 93936138 LIAB. TO BENEFICIARIES OF CHARITABLE GIFT ANNUITIES 6658896 OPERATING LEASE LABILITY/DEFERRED RENT LIABILITY 5435420 DEFERRED COMPENSATION OBLIGATIONS 3032720 ACCRUED BROADCAST RIGHTS 1565430 16692466 X 131627404 10243157 657991 10901148 120726256 419945 -156418 263527 120989783 111630887 525752 156418 682170 110948717 419945 419945 111368662 PART V, LINE 4: THE ORGANIZATION'S PRIMARY LONG-TERM MANAGEMENT OBJECTIVE IS TO PROVIDE GENERAL SUPPORT IN MEETING THE NEEDS OF KQED PROVIDED THAT A DONOR MAKING A CONTRIBUTION TO THE PERMANENT ENDOWMENT MAY IMPOSE SPECIFIC USE RESTRICTIONS ON THE DONOR'S CONTRIBUTION. PART X, LINE 2: LIABILITY FOR UNCERTAIN TAX POSITIONS THE CORPORATION FOLLOWS GUIDANCE THAT CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, INCLUDING ISSUES RELATING TO FINANCIAL STATEMENT RECOGNITIONS AND MEASUREMENT. THIS GUIDANCE PROVIDES THAT THE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION CAN ONLY BE RECOGNIZED IN THE FINANCIAL STATEMENTS IF THE POSITION IS "MORE-LIKELY-THAN-NOT" TO BE SUSTAINED IF THE POSITION WERE TO BE CHALLENGED BY A TAXING AUTHORITY. THE ASSESSMENT OF THE TAX POSITION IS BASED SOLELY ON THE TECHNICAL MERITS OF THE POSITION, WITHOUT REGARD TO THE LIKELIHOOD THAT THE TAX POSITION MAY BE CHALLENGED. THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("IRC"), THOUGH IT IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE IRC. THE CORPORATION HAS ALSO BEEN RECOGNIZED BY THE FRANCHISE TAX BOARD AS AN ORGANIZATION THAT IS EXEMPT FROM INCOME TAX PURSUANT TO CALIFORNIA REVENUE AND TAX CODE SECTION 23701D ON ITS INCOME OTHER THAN THE UNRELATED BUSINESS INCOME. THE CORPORATION HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS, TO IDENTIFY AND REPORT UNRELATED INCOME, TO DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH IT WAS NEXUS, AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. THE CORPORATION HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON ASSET DISPOSAL -156,418. X X X X X X 1 MAL WARWICK & ASSOCIATES 2550 NINTH STREET 103 BERKELEY CA 94710 PROFESSIONAL FUNDRAISING CONSULTANT 0 14931182 399603 14531579 CHRISTINA SHOCKLEY CONSULTING LLC 2730 ANTIETAM CT ANN ARBOR MI 48105 PROFESSIONAL FUNDRAISING CONSULTANT 0 5412648 214000 5198648 LESTER INC 388 E MAIN ST STE 23L BRANFORD CT 06405 TELEMARKETING 0 13979 27380 -13401 VERITUS PO BOX 18294 ASHEVILLE NC 28814 PROFESSIONAL FUNDRAISING CONSULTANT 0 0 136500 -136500 CREATIVE FUNDRAISING ADVISORS 1041 GRAND AVENUE STE 225 SAINT PAUL MN 55105 PROFESSIONAL FUNDRAISING CONSULTANT 0 0 71250 -71250 LIMINA HOUSE 440 MADISON STREET GROSSE POINTE FARMS MI 48236 PROFESSIONAL FUNDRAISING CONSULTANT 0 0 12000 -12000 20357809 860733 19497076 AL AK AR CA CO CT DC FL GA HI IL KS KY MA MD ME MI MN MS ND NH NJ NM NV NY OH OK OR PA RI SC TN UT VA WA WI WV X X X 0 0 0 0 0 0 0 1 0 MICHAEL ISIP PRESIDENT AND CEO 449987 0 91791 0 516 0 10350 0 37089 0 589733 0 0 0 DELINDA MROWKA CHIEF REVENUE OFFICER 277434 0 33665 0 276 0 9901 0 43476 0 364752 0 0 0 MARIA MILLER CHIEF OPERATIONS & ADMIN. OFFICER 285459 0 34877 0 516 0 9096 0 30935 0 360883 0 0 0 DAVID BOUTRY CHIEF FINANCIAL OFFICER 280379 0 33600 0 276 0 9680 0 17047 0 340982 0 0 0 HOLLY KERNAN CHIEF CONTENT OFFICER (THRU 06/2025) 271153 0 33090 0 516 0 9545 0 23359 0 337663 0 0 0 DUKE FAN CHIEF PRODUCT OFFICER 255193 0 25676 0 276 0 9105 0 43483 0 333733 0 0 0 ELIZABETH SEIRMARCO LOCAL MARKETING DIRECTOR 30527 0 250229 0 11 0 9073 0 43119 0 332959 0 0 0 MICHAEL BLACK VP, CORPORATE SPONSORSHIP 108545 0 191571 0 317 0 0 0 23280 0 323713 0 0 0 SARAH SAWYER LOCAL MARKETING DIRECTOR 29909 0 210852 0 2 0 7857 0 43154 0 291774 0 0 0 MARIANNE MURPHY VP MEMBER GENEROSITY & AUD. INTEL 246781 0 21479 0 516 0 7989 0 6158 0 282923 0 0 0 BRIDGET BARRETT GEN. COUNSEL & CORP. SECRETARY 241517 0 21600 0 276 0 8093 0 9715 0 281201 0 0 0 ERIC ABRAMS CHIEF DE&I OFFICER (THRU 08/2025) 250299 0 14700 0 792 0 5410 0 1748 0 272949 0 0 0 JOHN REILLY VP OF INFORMATION SECURITY & TECH 240123 0 0 0 516 0 7563 0 17716 0 265918 0 0 0 DAVID HANSEN EXEC DIR., MEDIA OPS & FAC 231132 0 0 0 276 0 6551 0 17199 0 255158 0 0 0 DONALD NEWENHOUSE VP, BROADCAST ENGINEERING & OPER. 227046 0 0 0 276 0 7237 0 16845 0 251404 0 0 0 ETHAN TOVEN-LINDSEY VICE PRESIDENT, NEWS 247801 0 0 0 180 0 1144 0 2180 0 251305 0 0 0 LYNNE SLATTERY VP, PHILANTHROPY (AS OF 03/2024) 184510 0 20000 0 135 0 2349 0 32605 0 239599 0 0 0 PART I, LINE 7 NONFIXED PAYMENTS EXECUTIVES HAVE THE OPPORTUNITY TO EARN INCENTIVE COMPENSATION BASED ON THEIR INDIVIDUAL PERFORMANCE AGAINST TARGET GOALS AS WELL AS THE OVERALL PERFORMANCE OF THE ORGANIZATION EACH FISCAL YEAR. THE CEO'S TARGET GOALS AND PERFORMANCE AGAINST THOSE GOALS ARE SET AND EVALUATED BY THE BOARD EACH YEAR; THE OTHER EXECUTIVES' ANNUAL TARGET GOALS AND PERFORMANCE AGAINST THOSE GOALS ARE SET AND EVALUATED BY THE CEO. EACH MEMBER OF SENIOR MANAGEMENT RECEIVES A BONUS BASED ON A PERCENTAGE AND DEPENDING UPON THEIR PERFORMANCE REGARDING THEIR GOALS. SCHEDULE J, PART II, COLUMN B(II) BY THE NATURE OF THEIR DUTIES, SARAH SAWYER, ELIZABETH SEIRMARCO AND MICHAEL BLACK, RECEIVE COMPENSATION IN THE FORM OF BASE SALARY PLUS COMMISSION. COMMISSION COMPENSATION IS SHOWN AS "OTHER" IN COLUMN B(II). X 3464 4208574 FMV X 187 1061264 FMV X HONORARIUMS 27 2240 FMV 48 0 1 1 PART I, COLUMN (B): NUMBER OF CONTRIBUTIONS THE NUMBER OF CONTRIBUTORS REFLECTS THE NUMBER OF DONORS, NOT THE NUMBER OF ITEMS DONATED. PART I, LINE 32B: SOLICITING, PROCESSING, OR SELLING NONCASH ITEMS THE ORGANIZATION USES AN UNRELATED THIRD PARTY, CHARITABLE ADULT RIDES & SERVICES (CARS), TO ADMINISTER ITS VEHICLE DONATION PROGRAM. CARS ACCEPTS VEHICLE DONATIONS ON KQED'S BEHALF AND SENDS A LETTER TO THE DONOR ACKNOWLEDGING THE DONATION. THE CHARITABLE DONATIONS ARE THEN RECEIVED AT KQED, NET OF CARS' SERVICE FEE. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW PROCESS THE PROCESS FOR REVIEWING THE KQED FORM 990 PRIOR TO FILING INCLUDED A LIVE MEETING AND PRESENTATION BY THE ORGANIZATION'S CPA FIRM TO THE AUDIT COMMITTEE, A REVIEW BY THE CONTROLLER, CFO, AND THE AUDIT COMMITTEE OF THE BOARD. AFTER THE AUDIT COMMITTEE APPROVES THE FORM 990, THE FORM 990 IS PROVIDED TO ALL VOTING MEMBERS OF THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C MONITORING AND ENFORCEMENT OF CONFLICT-OF-INTEREST POLICY IN ACCORDANCE WITH THE ORGANIZATION'S CONFLICT-OF-INTEREST POLICY, ALL DIRECTORS, OFFICERS, AND KEY EMPLOYEES FILL OUT AND SIGN A CONFLICT OF INTEREST DISCLOSURE FORM, WHICH IS REVIEWED AND MAINTAINED IN THE GENERAL COUNSEL'S OFFICE. KEY EMPLOYEES AND OFFICERS FILL OUT THE CONFLICT-OF-INTEREST DISCLOSURE FORM ANNUALLY. BOARD OF DIRECTORS FILL OUT THE CONFLICT-OF-INTEREST DISCLOSURE FORM WHEN THEIR INITIAL TERM COMMENCES AND ARE ASKED ANNUALLY TO REPORT ANY CHANGES THAT WOULD GIVE RISE TO A CONFLICT OF INTEREST. IF A CONFLICT OF INTEREST WERE TO ARISE, THE KEY EMPLOYEE, OFFICER OR BOARD MEMBER WITH THE CONFLICT WOULD BE RECUSED FROM DECISION-MAKING PROCESS. FORM 990, PART VI, SECTION B, LINE 15 PROCESS FOR DETERMINING COMPENSATION OF OFFICERS AND KEY EMPLOYEES THE EXECUTIVE COMMITTEE OF THE BOARD IS RESPONSIBLE FOR REVIEWING THE COMPENSATION OF THE PRESIDENT/CEO, AND IT MAKES RECOMMENDATIONS TO THE BOARD OF DIRECTORS, WHO APPROVED ANY SUCH COMPENSATION. THE PRESIDENT/CEO IS RECUSED FROM ANY DISCUSSION AND VOTE. THE PROCESS FOLLOWED BY THE BOARD TO DEVELOP AND APPROVE THE COMPENSATION PACKAGE FOR THE PRESIDENT/CEO INCLUDED THE REVIEW OF DATA ON COMPARABLE COMPENSATION PACKAGES AND RECOMMENDATIONS, PREPARED BY AN OUTSIDE CONSULTANT. BASED ON THE DATA AND RECOMMENDATIONS FROM THE CONSULTANT AS WELL AS AN EVALUATION OF THE PRESIDENT/CEO'S PERFORMANCE AGAINST PREVIOUSLY SET GOALS, THE EXECUTIVE COMMITTEE DELIBERATED AND AGREED ON RECOMMENDATIONS TO THE BOARD. THE FULL BOARD DELIBERATED ABOUT THE COMPENSATION PACKAGE BASED ON THE RECOMMENDATIONS FROM THE EXECUTIVE COMMITTEE AND APPROVED THE SALARY FOR THE PRESIDENT/CEO. IN DETERMINING SALARIES FOR NONUNION EMPLOYEES, KQED'S PRESIDENT/CEO AND ITS CHIEF OPERATIONS AND ADMINISTRATION OFFICER WORK WITH AN EXTERNAL CONSULTANT PROVIDING DATA FROM THE FOLLOWING MARKETS: SAN FRANCISCO/BAY AREA, PUBLIC MEDIA, FOR-PROFIT CABLE AND BROADCAST MEDIA, LARGE NONPROFITS, AND DIGITAL AND ONLINE TECHNOLOGY COMPANIES. EACH NON-UNION JOB IS PLACED WITHIN A JOB FAMILY AND JOB LEVEL BASED ON THE JOB DESCRIPTION. COMPENSATION FOR INDIVIDUALS WORKING IN JOBS IS DETERMINED BY PERFORMANCE AND EXPERIENCE AS THEY RELATE TO THE MARKET RATE OF THE JOB LEVEL. ALL NONUNION POSITIONS HAVE ESTABLISHED MARKET RATES. FINALLY, THE HISTORICAL AND CURRENT COMPENSATION PAID BY KQED FOR COMPARABLE POSITIONS, AS WELL AS THE SKILLS AND EXPERIENCE OF THE INDIVIDUAL EMPLOYEE, ARE TAKEN INTO ACCOUNT. KQED REGULARLY REVIEWS EMPLOYEE PAY IN THREE WAYS: (1) MARKET ANALYSIS TO ENSURE EMPLOYEES ARE PAID AT MARKET RATE AGAINST COMPARABLE COMPANIES, AS DESCRIBED ABOVE; (2) A CLASSIFICATION ANALYSIS TO ENSURE EMPLOYEES ARE CONSISTENTLY AND APPROPRIATELY CLASSIFIED IN THE RIGHT JOB FAMILY AND JOB LEVEL AND (3) AN EQUITY ANALYSIS TO ENSURE EMPLOYEES PERFORMING SIMILAR WORK ARE PAID SIMILARLY AND EQUITABLY. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS MADE AVAILABLE TO THE PUBLIC: THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT-OF-INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC ON REQUEST FOR THE SAME PERIOD OF TIME SET FORTH IN 26 U.S. CODE 6104(D). CONDENSED FINANCIAL INFORMATION IS ALSO MADE AVAILABLE TO THE PUBLIC VIA THE ANNUAL KQED REPORT TO THE COMMUNITY, WHICH IS POSTED ON THE ORGANIZATION'S WEBSITE IN ADDITION TO ITS FORM 990 AND AUDITED FINANCIAL STATEMENTS. FORM 990, PART VIII, LINE 1E CONTRIBUTIONS RECEIVED AS GOVERNMENT GRANTS THE CORPORATION FOR PUBLIC BROADCASTING WAS A PRIVATE, NOT-FOR-PROFIT CORPORATION THAT DISSOLVED IN EARLY 2026. THE CORPORATION HAD RECEIVED APPROPRIATIONS FROM CONGRESS, WHICH IT HAD DISTRIBUTED THROUGHOUT PUBLIC MEDIA TO SUPPORT A NATIONAL POLICY FOR GROWTH AND DEVELOPMENT OF RADIO AND TELEVISION BROADCASTING. SNAP STUDIOS LLC 2601 MARIPOSA STREET SAN FRANCISCO CA 94110 932206634 RADIO SHOW, PODCAST, AND LIVE SHOW PRODUCER AND CREATOR CA 1318725 807702 KQED INC CHARITABLE REMAINDER UNITRUST (14) INVESTMENT CA N/A T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0