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Corporation For Public Broadcasting

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 132607374 ✦ Washington, DC ✦ Designated as a 501(c)(3)

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Overview

What is Corporation For Public Broadcasting?

The Corporation for Public Broadcasting (CPB) is a nonprofit organization headquartered in Washington, DC, dedicated to fostering the creation and dissemination of high-quality, non-commercial programming and telecommunications services through educational licensees. Acting as the primary steward of the federal government's investment in public broadcasting, CPB serves as the largest funding source for public radio, television, and related online mobile services. In pursuit of its mission, CPB ensures the development and support of innovative and educational projects, reaching over 100 million Americans each month who tune into public television.


Official website here: www.cpb.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 89% (Three-Star out of Four Star rating from Charity Navigator)

The Corporation for Public Broadcasting has received a solid rating of 89%, reflecting its strong performance in accountability and finance. The rating indicates that the organization is effectively governed, with an independent board comprised entirely of independent members. This governance structure, coupled with a comprehensive audit and oversight committee, contributes to the organization’s overall financial integrity.

The nonprofit demonstrates an impressive program expense ratio of 96.43%, indicating that a significant portion of its funds is directed towards its core mission. Additionally, it adheres to robust policies regarding conflict of interest, whistleblowing, and document retention, all of which are essential for transparency and accountability in nonprofit operations.

However, there are areas for improvement, particularly regarding its liabilities to assets ratio, which stands at 59.21%. While it is not abnormal for nonprofits to carry some liabilities, enhancing this ratio could further strengthen the organization’s financial stability and sustainability in the long term. Overall, the Corporation for Public Broadcasting shows commendable transparency and fiscal responsibility.


This AI summary has been generated from information found on Charity Navigator.

Is Corporation For Public Broadcasting legitimate?

Corporation For Public Broadcasting is a legitimate nonprofit organization registered as a 501(c)(3) entity. Corporation For Public Broadcasting submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $3,503,350
Professional Fundraising Fees: $0
Other Salaries and Wages: $10,517,475

For more financial information, click here


Official website here: www.cpb.org

What is the mission statement of Corporation For Public Broadcasting?

The Corporation for Public Broadcasting (CPB) plays a crucial role in facilitating the creation and ensuring access to non-commercial, high-quality programming and telecommunications services. acting as the primary source of funding for public radio, television, and related online and mobile services. With a focus on innovation, CPB supports the development of engaging radio and television content and educational projects. Reaching over 100 million Americans each month, CPB's initiatives extend beyond traditional broadcasting, making a significant impact on diverse communities across the nation.


Official website here: www.cpb.org

Who is the CEO of Corporation For Public Broadcasting?

Patricia De Stacy is the Principal Officer of Corporation For Public Broadcasting. The CEO's salary of Corporation For Public Broadcasting is $328,218 and their total compensation is $466,156.


Official website here: www.cpb.org

What is the revenue of Corporation For Public Broadcasting?

Corporation For Public Broadcasting's revenue in 2022 was $510,917,345.


Official website here: www.cpb.org

Who are the executives of Corporation For Public Broadcasting and what are their salaries?

The average compensation at Corporation For Public Broadcasting during 2022 was $143,070. There are 98 employees at Corporation For Public Broadcasting.


Here are 20 key members and their salaries (Corporation For Public Broadcasting's CEO's salary is $328,218 and their total compensation is $466,156):


Bruce Ramer (Board Chair)
  • Compensation: $1,950
  • Related: $0
  • Other: $0
Laura G Ross (Board Vice Chair)
  • Compensation: $1,800
  • Related: $0
  • Other: $0
Miriam Hellreich (Board Member)
  • Compensation: $1,650
  • Related: $0
  • Other: $0
Ruby Calvert (Board Member)
  • Compensation: $1,500
  • Related: $0
  • Other: $0
Robert Mandell (Board Member)
  • Compensation: $1,500
  • Related: $0
  • Other: $0
Elizabeth Sembler (Board Member)
  • Compensation: $900
  • Related: $0
  • Other: $0
Tom Rothman (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patricia Harrison (President & Ceo)
  • Compensation: $328,218
  • Related: $0
  • Other: $137,938
J Westwood Smithers Jr (Svp & General Counsel)
  • Compensation: $287,935
  • Related: $0
  • Other: $162,440
William P Tayman Jr (Cfo & Treasurer)
  • Compensation: $297,119
  • Related: $0
  • Other: $148,383
Michael Levy (Evp & Coo)
  • Compensation: $293,120
  • Related: $0
  • Other: $137,284
Teresa Safon (Svp, Corp Sec & Chief Of Staff)
  • Compensation: $294,886
  • Related: $0
  • Other: $134,153
Debra Sanchez (Svp, Educ & Child Content Ops)
  • Compensation: $226,299
  • Related: $0
  • Other: $93,661
Kathleen Merritt (Svp, Radio Journalism & Csg)
  • Compensation: $225,139
  • Related: $0
  • Other: $88,340
Kathryn Washington (Svp, Television Content)
  • Compensation: $198,813
  • Related: $0
  • Other: $60,202
Anne Pizzato Brachman (Svp, Government Affairs)
  • Compensation: $216,472
  • Related: $0
  • Other: $98,393
Stephen P Wolfe (Svp, Information Technology)
  • Compensation: $215,567
  • Related: $0
  • Other: $86,672
Beth Jacobs (Vp, Digital Strat & Innovation)
  • Compensation: $197,503
  • Related: $0
  • Other: $66,762
Michael Fragale (Vp, Educ Strategy & Content)
  • Compensation: $199,174
  • Related: $0
  • Other: $56,883
Kimberly A Howell (Inspector General)
  • Compensation: $201,388
  • Related: $0
  • Other: $44,656


Official website here: www.cpb.org

Where can I find the form 990 for Corporation For Public Broadcasting?

Corporation For Public Broadcasting's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.cpb.org

Learn more at the official website: www.cpb.org

Mission Statement of Corporation For Public Broadcasting

The Corporation for Public Broadcasting (CPB) is a pivotal organization that fosters the creation and dissemination of non-commercial, top-tier programming and telecommunications services. Acting as the primary backer of the federal government's investment in public broadcasting, CPB ranks as the leading funding source for public radio, television, and associated online, mobile services. By supporting innovative radio and television content and educational projects, CPB ensures that a vast array of over 100 million Americans have access to premium programming each month. As the steward of this significant federal investment, the Corporation for Public Broadcasting plays a critical role in the development and sustenance of the country's non-commercial broadcasting sector. CPB's ultimate goal is to guarantee that the American public enjoys a rich and diverse media landscape filled with high-quality, non-commercial programming that caters to a wide range of interests and perspectives.

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Impact




October, 2024

The Corporation for Public Broadcasting (CPB) plays a crucial role in enhancing the landscape of non-commercial media in the United States. By facilitating the development of high-quality programming and ensuring its universal accessibility, CPB serves as a vital resource for public radio and television. It stands as the largest single source of funding for these platforms, fostering diverse content that enriches audiences across the country.

Each month, more than 100 million Americans engage with public television, illustrating the significant impact of CPB-supported programming on communities nationwide. The organization actively promotes innovative initiatives in media, enabling educational projects that benefit both individuals and society as a whole. Its commitment to non-commercial, quality content ensures that vital topics are covered, arts are promoted, and educational resources are widely available.

In its stewardship of federal investment in public broadcasting, CPB not only sustains established media outlets but also encourages new developments in telecommunications services. This commitment plays a fundamental role in shaping a well-informed public, empowering citizens through access to diverse perspectives and quality information.




This information is meant to be a general summary of Corporation For Public Broadcasting. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$510,917,345 (2022)
Expenses
$483,823,249 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,630,572
  • Program Service Revenue: $2,165,745
  • Gross Receipts: $733,008,664

Assets and Liabilities:

  • Total Assets: $262,350,102
  • Total Liabilities: $155,358,779
  • Net Assets: $106,991,323

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

GRANT AND CONTRACT REFUNDS

Revenue

$2,165,745

Organization Details

Founding Year

1967

Principal Officer

Patricia De Stacy

Main Address

401 NINTH STREET NW 200, WASHINGTON, DC, 200042129

NTEE Category

Code: A300 - Arts

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