Form 990 for tax year 2025

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $105,529

• 1e · Government grants (contributions)

  $75,575

• 1f · All other contributions, gifts and grants

  $449,845

• 3 · Investment income

  total $1,582,572 · excluded $1,582,572

• 5 · Royalties

  total $211,366 · excluded $211,366

• 11a · Other revenue: GAIN ON EARLY TERMINATION OF LEAS

  total $2,766,415 · excluded $2,766,415

• 11e · Other revenue, total

  $2,766,415

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $175,783,056 · program services $175,783,056

• 5 · Compensation of officers, directors and key employees

  total $1,166,294 · management and general $1,166,294

• 6 · Compensation of disqualified persons

  total $117,850 · management and general $117,850

• 7 · Other salaries and wages

  total $2,138,851 · program services $53,154 · management and general $2,085,697

• 8 · Pension plan contributions

  total $118,793 · program services $9,105 · management and general $109,688

• 9 · Other employee benefits

  total $5,952 · program services $5,952

• 10 · Payroll taxes

  total $400,682 · program services $7,364 · management and general $393,318

• 11b · Fees: legal

  total $2,217,171 · program services $1,197,670 · management and general $1,019,501

• 11c · Fees: accounting

  total $8,279 · management and general $8,279

• 11g · Fees: other

  total $264,130 · management and general $264,130

• 12 · Advertising and promotion

  total $617 · management and general $617

• 13 · Office expenses

  total $161,071 · management and general $161,071

• 14 · Information technology

  total $161,660 · program services $2,266 · management and general $159,394

• 16 · Occupancy

  total $9,250,093 · management and general $9,250,093

• 17 · Travel

  total $9,987 · management and general $9,987

• 19 · Conferences, conventions and meetings

  total $8,106 · management and general $8,106

• 22 · Depreciation, depletion and amortization

  total $1,534,514 · management and general $1,534,514

• 23 · Insurance

  total $610,337 · management and general $610,337

• 24e · All other expenses

  total $66,726 · management and general $66,726

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,116,569 · end of year $0

• 2 · Savings and temporary cash investments

  beginning of year $215,863,388 · end of year $0

• 3 · Pledges and grants receivable

  beginning of year $3,597,909 · end of year $0

• 4 · Accounts receivable

  beginning of year $8,220,000 · end of year $0

• 5 · Loans and receivables from officers and key people

  end of year $0

• 6 · Loans and receivables from disqualified persons

  end of year $0

• 7 · Other notes and loans receivable

  end of year $0

• 8 · Inventories for sale or use

  end of year $0

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,203,070 · end of year $0

• 10a · Land, buildings and equipment: cost or other basis

  $0

• 10c · Land, buildings and equipment, net

  beginning of year $1,534,514 · end of year $0

• 11 · Investments: publicly traded securities

  beginning of year $35,047,908 · end of year $0

• 12 · Investments: other securities

  end of year $0

• 13 · Investments: program-related

  end of year $0

• 14 · Intangible assets

  end of year $0

• 15 · Other assets

  beginning of year $11,377,192 · end of year $0

• 17 · Accounts payable and accrued expenses

  beginning of year $10,801,088

• 18 · Grants payable

  beginning of year $64,993,320

• 25 · Other liabilities

  beginning of year $14,231,326 · end of year $0

• 27 · Net assets without donor restrictions

  beginning of year $187,934,816 · end of year $0

The filer's explanations (Part III)

PART I, LINE 1A

FIRST-CLASS OR CHARTER TRAVEL CPB'S TRAVEL POLICY PERMITTED BOARD MEMBERS AND OFFICERS TO TRAVEL BUSINESS CLASS, OR FIRST CLASS WHEN BUSINESS CLASS FARES WERE NOT AVAILABLE, FOR DOMESTIC AND INTERNATIONAL TRAVEL WHERE FLIGHT TIMES EXCEEDED THREE HOURS.

PART I, LINE 4A

WITH THE EXCEPTION OF HARRISON, TAYMAN AND SMITHERS, ALL INDIVIDUALS LISTED IN SCHEDULE J RECEIVED A SEVERANCE PAYMENT IN CALENDAR YEAR 2025. SEVERANCE PAYMENTS ARE REPORTED IN FORM 990, SCHEDULE J, COLUMN (B)(III) AND ARE AS FOLLOWS: SAFON: $245,588 LEVY: $245,588 CARR: $208,458 WOLFE: $171,642 SANCHEZ: $161,520 FRAGALE: $157,164 RICHARDSON: $154,526 WASHINGTON: $149,103 DALRYMPLE: $103,881 MINTZ: $102,328 SLAVITT: $99,581 MERRITT: $99,581 BARSOUM: $8,988 THE SEVERANCE WAS BASED UPON A LONG ESTABLISHED AND PUBLISHED CORPORATE POLICY FOR EMPLOYEES SEPARATED FROM EMPLOYMENT DUE TO REORGANIZATION OR A REDUCTION IN FORCE. THE POLICY ALLOWED FOR PAYMENT EQUIVALENT TO ONE-HALF DAY OF SALARY FOR EACH MONTH OF CONTINUOUS SERVICE UP TO 36 MONTHS OF SERVICE AND ONE DAY OF SALARY FOR EACH MONTH OF SERVICE IN EXCESS OF 36 MONTHS OF SERVICE WITH THE TOTAL PAYMENT CAPPED AT 52 WEEKS OF PAY.

PART I, LINE 7

INCENTIVE COMPENSATION THE COMPENSATION OF CPB'S OFFICERS WAS RECOMMENDED BY THE CORPORATE GOVERNANCE & EXECUTIVE COMPENSATION COMMITTEE OF CPB'S BOARD OF DIRECTORS AND APPROVED BY THE FULL BOARD OF DIRECTORS. CPB'S OFFICERS AND ALL OTHER EMPLOYEES WERE PAID COMPENSATION, INCLUDING INCENTIVE COMPENSATION DETERMINED BY A NUMBER OF VARIABLES. THE VARIABLES INCLUDED, BUT WERE NOT LIMITED TO, INDIVIDUAL GOALS AND OBJECTIVES AS WELL AS ORGANIZATION OPERATIONAL ACHIEVEMENTS. THE ACCOMPLISHMENT OF THOSE GOALS AND OBJECTIVES FOR ALL EMPLOYEES WAS REVIEWED BY MANAGEMENT. OFFICERS' INCENTIVE COMPENSATION WAS DETERMINED AND APPROVED BY THE BOARD AS PART OF THE OVERALL COMPENSATION REVIEW OF OFFICERS AND KEY EMPLOYEES. INCENTIVE COMPENSATION IS REPORTED IN SCHEDULE J, PART II, COLUMN B (II). ADDITIONAL INFORMATION ABOUT THE PROCESS FOR DETERMINING COMPENSATION IS DISCUSSED IN SCHEDULE O.