Overview
What is Prx Inc?
Prx Inc, based in Cambridge, Massachusetts, is a non-profit organization specializing in audio journalism and storytelling. They serve as a connector between independent producers and their most engaged audiences, making them one of the world's leading podcast publishers. Partnerships with renowned entities such as TED, PBS, Smithsonian, Futuro Media, and GBH, along with networks like Radiotopia, expand their reach. PRX distributes trusted programming to hundreds of radio stations across the country, including The World, The Moth Radio Hour, and This American Life. Their mission is to drive transformative changes in public media as a trusted source of knowledge, information, and inspiration for all. With a global training program and workshops at their recording studios in Boston and San Francisco, PRX fosters media innovation both domestically and internationally. The organization employs 63 individuals, dedicated to preserving the open podcast ecosystem, protecting listener privacy, and nurturing a vibrant creator community.
Official website here: www.prx.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 81% (Three-Star out of Four Star rating)
Prx Inc has earned a Three-Star rating from Charity Navigator, reflecting a solid accountability and finance score of 81%. This score is derived solely from its accountability and finance practices, indicating a strong commitment to transparency and responsible financial management within the organization. The fiscal practices are particularly noteworthy, as they emphasize a significant focus on program expenses, with 93.18% of funds directed towards programs.
The organization benefits from a well-structured governance framework, boasting an impressive 85% independent board members and a total of 23 independent members. Additionally, Prx Inc has implemented comprehensive policies, including conflict of interest and whistleblower protections, which further enhance its operational integrity. The presence of an Audit and Oversight Committee underscores its commitment to maintaining financial accountability.
While the overall score is commendable, it is important to consider that it is based solely on accountability and finance metrics. There is no additional information provided regarding program impact or outcomes, which could offer deeper insights into the effectiveness of its initiatives. Nonetheless, the strong financial practices and governance structure suggest that Prx Inc is a responsible steward of donor funds.
This AI summary has been generated from information found on Charity Navigator.
Is Prx Inc legitimate?
Prx Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Prx Inc 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: $1,696,196
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,898,843
For more financial information, click here
Official website here: www.prx.org
What is the mission statement of Prx Inc?
Prx Inc is a non-profit organization dedicated to expanding public media as a trusted source of knowledge, information, and inspiration for all. Through its partnerships with various independent producers and organizations, PRX helps connect them with their most engaged audiences. One of the world's leading podcast publishers, PRX has collaborated with renowned entities such as TED, PBS, and Futuro Media. PRX distributes trusted public radio programming to hundreds of stations across the country, including The World, The Moth Radio Hour, and This American Life. PRX has a global training program and hosts workshops at the PRX Podcast Garage, a community recording studio, to support media innovation. Committed to preserving the open podcast ecosystem, PRX prioritizes listener privacy and fosters a vibrant creator community.
Official website here: www.prx.org
Who is the CEO of Prx Inc?
Kerri Hoffman is the Dir/Ceo-Wgbh of Prx Inc. The CEO's salary of Prx Inc is $438,202 and their total compensation is $445,411.
Official website here: www.prx.org
What is the revenue of Prx Inc?
Prx Inc's revenue in 2022 was $40,029,175.
Official website here: www.prx.org
Who are the executives of Prx Inc and what are their salaries?
The average compensation at Prx Inc during 2022 was $88,810. There are 63 employees and 25 volunteers at Prx Inc.
Here are 40 key members and their salaries (Prx Inc's CEO's salary is $438,202 and their total compensation is $445,411):
- Compensation: $0
- Related: $754,310
- Other: $46,909
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- Related: $538,367
- Other: $14,706
- Compensation: $438,202
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- Other: $7,209
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- Related: $265,167
- Other: $23,486
- Compensation: $190,298
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- Other: $37,123
- Compensation: $207,512
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- Other: $17,173
- Compensation: $197,396
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- Other: $22,715
- Compensation: $204,630
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- Other: $10,084
- Compensation: $151,495
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- Other: $35,158
- Compensation: $163,268
- Related: $0
- Other: $22,615
- Compensation: $0
- Related: $169,632
- Other: $748
- Compensation: $139,908
- Related: $0
- Other: $8,085
- Compensation: $115,414
- Related: $0
- Other: $24,592
- Compensation: $119,351
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- Other: $15,106
- Compensation: $112,500
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- Other: $4,333
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Official website here: www.prx.org
Where can I find the form 990 for Prx Inc?
Prx Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.prx.org
Learn more at the official website: www.prx.org
Mission Statement of Prx Inc
Prx Inc, a leading non-profit public media company, is dedicated to driving transformative changes that expand the role of public media as a trusted source of knowledge, information, and inspiration for all. By nurturing relationships with independent producers and organizations, PRX bridges the gap between creators and their most engaged, supportive audiences.
As one of the world's leading podcast publishers, PRX collaborates with renowned partners such as TED, PBS, the Smithsonian, Futuro Media, GBH, Religion of Sports, and others. The organization is home to Radiotopia, a renowned podcast network known for its creativity and success. Beyond podcasting, PRX distributes trusted and cherished public radio programming to numerous stations across the country, including The World, The Moth Radio Hour, This American Life, Snap Judgment, The Takeaway, and Latino USA.
Committed to fostering innovation, PRX has been recognized with prestigious awards like the Peabody Awards, duPont-Columbia Awards, the IDA Documentary Awards, and Pulitzer Prizes. The organization's unwavering dedication to preserving the open podcast ecosystem, protecting listener privacy, and building technology rooted in a purpose has positioned it among the top ten podcast publishers. PRX's mission extends beyond the U.S. borders, with a global training program and workshops held at the PRX Podcast Garage, a community recording studio, classroom, and event space with locations in Boston and San Francisco.
Through its studio, PRX Productions, the organization collaborates with mission-aligned partners to create podcasts that resonate with diverse audiences. PRX's commitment to media innovation and its role as an engine of change in the public media landscape is truly inspiring.
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Impact
October, 2024
Prx Inc plays a pivotal role in expanding public media as a trusted source of knowledge, information, and inspiration. By specializing in audio journalism and storytelling, PRX supports independent producers and organizations in reaching their most engaged audiences. It has established itself as one of the world's leading podcast publishers, collaborating with notable partners like TED, PBS, and the Smithsonian.
Through its creative podcast network, Radiotopia, PRX showcases innovative audio content that captivates listeners and encourages diverse storytelling. The organization distributes acclaimed public radio programming to hundreds of stations nationwide, featuring well-known shows such as *This American Life* and *The Moth Radio Hour*, which have received prestigious accolades including Peabody and Pulitzer Prizes.
Beyond content distribution, PRX is dedicated to preserving the open podcast ecosystem and enhancing listener privacy, while fostering a vibrant community of creators. Its global training programs and workshops at the PRX Podcast Garage offer valuable resources for media innovation, nurturing new talent in Boston, San Francisco, and beyond.
Overall, Prx Inc significantly impacts the media landscape by enhancing access to quality audio content, championing creative expression, and supporting the development of a diverse media ecosystem.
This information is meant to be a general summary of Prx Inc. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$200
- Program Service Revenue: $32,398,738
- Gross Receipts: $40,228,485
Assets and Liabilities:
- Total Assets: $19,243,272
- Total Liabilities: $16,116,543
- Net Assets: $3,126,729
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Content Sponsorship
Revenue
$20,655,192
Distribution
Revenue
$5,339,640
Membership Fees
Revenue
$4,208,431
Other
Revenue
$353,007
Products & Services
Revenue
$1,842,468
Organization Details
Founding Year
2009
Phone
(617) 576-5455Principal Officer
Kerri Hoffman
Main Address
PO BOX 382234, CAMBRIDGE, MA, 02238
Website
www.prx.orgNTEE Category
Code: A34 - Arts
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