Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1b · Membership dues

  $4,549,787

• 1e · Government grants (contributions)

  $3,415,454

• 1f · All other contributions, gifts and grants

  $3,141,897

• 2a · Program service revenue: PROGRAM SALES

  total $651,286 · related or exempt $651,286

• 2b · Program service revenue: SALE OF PREMIUMS

  total $1,042 · excluded $1,042

• 3 · Investment income

  total $309,116 · excluded $309,116

• 5 · Royalties

  total $2,660 · excluded $2,660

• 6a · Gross rents

  personal property $28,455

• 6b · Less rental expenses

  personal property $0

• 6c · Rental income or loss

  personal property $28,455

• 6d · Net rental income or loss

  total $28,455 · unrelated business $28,455

• 7a · Gross sales of assets other than inventory

  securities $1,708,917

• 7b · Less cost or other basis and sales expenses

  securities $817,478

• 7c · Gain or loss

  securities $891,439

• 7d · Net gain or loss

  total $891,439 · excluded $891,439

• 11a · Other revenue: DEVELOPMENT PROMOTIONS

  total $300,332 · related or exempt $300,332

• 11e · Other revenue, total

  $300,332

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $832,504 · management and general $832,504

• 7 · Other salaries and wages

  total $5,565,152 · program services $4,157,463 · management and general $596,772 · fundraising $810,917

• 8 · Pension plan contributions

  total $303,075 · program services $212,080 · management and general $54,350 · fundraising $36,645

• 9 · Other employee benefits

  total $827,357 · program services $673,089 · management and general $37,966 · fundraising $116,302

• 10 · Payroll taxes

  total $437,616 · program services $306,227 · management and general $78,477 · fundraising $52,912

• 11e · Fees: professional fundraising services

  total $58,124 · fundraising $58,124

• 11g · Fees: other

  total $309,436 · program services $118,317 · management and general $190,823 · fundraising $296

• 12 · Advertising and promotion

  total $166,634 · program services $159,838 · management and general $2,095 · fundraising $4,701

• 13 · Office expenses

  total $500,743 · program services $180,507 · management and general $52,924 · fundraising $267,312

• 16 · Occupancy

  total $480,681 · program services $480,681

• 17 · Travel

  total $68,904 · program services $37,630 · management and general $27,667 · fundraising $3,607

• 20 · Interest

  total $483,629 · management and general $483,629

• 22 · Depreciation, depletion and amortization

  total $1,081,747 · program services $825,845 · management and general $254,114 · fundraising $1,788

• 24a · Other expenses: PROGRAM ACQUISITION

  total $1,987,799 · program services $1,987,799

• 24b · Other expenses: CONTRACT SERVICES

  total $1,147,706 · program services $846,204 · management and general $262,536 · fundraising $38,966

• 24c · Other expenses: OTHER

  total $249,669 · program services $62,682 · management and general $166,220 · fundraising $20,767

• 24d · Other expenses: MEMBERSHIP FEES

  total $217,741 · program services $132,990 · management and general $70,661 · fundraising $14,090

• 24e · All other expenses

  total $580,422 · program services $308,354 · management and general $50,251 · fundraising $221,817

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $645,731 · end of year $392,043

• 4 · Accounts receivable

  beginning of year $968,416 · end of year $1,180,919

• 7 · Other notes and loans receivable

  beginning of year $453,897 · end of year $438,799

• 8 · Inventories for sale or use

  beginning of year $1,266,375 · end of year $1,233,789

• 9 · Prepaid expenses and deferred charges

  beginning of year $54,525 · end of year $42,274

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

  $32,540,422

• 10b · Land, buildings and equipment: accumulated depreciation

  $26,797,396

• 10c · Land, buildings and equipment, net

  beginning of year $6,481,091 · end of year $5,743,026

• 11 · Investments: publicly traded securities

  beginning of year $12,632,184 · end of year $13,331,475

• 13 · Investments: program-related

  beginning of year $464,808 · end of year $582,653

• 14 · Intangible assets

  beginning of year $1,005,510 · end of year $1,005,510

• 15 · Other assets

  beginning of year $3,814,103 · end of year $3,957,879

• 17 · Accounts payable and accrued expenses

  beginning of year $1,923,703 · end of year $2,498,364

• 19 · Deferred revenue

  beginning of year $24,700 · end of year $24,700

• 23 · Secured mortgages and notes payable

  beginning of year $6,242,896 · end of year $7,690,860

• 25 · Other liabilities

  beginning of year $873,942 · end of year $763,894

• 27 · Net assets without donor restrictions

  beginning of year $6,509,597 · end of year $3,902,894

• 28 · Net assets with donor restrictions

  beginning of year $12,211,802 · end of year $13,027,655

The filer's explanations (Part III)

PART I, LINE 3

THE EXECUTIVE COMMITTEE OF WXXI MEETS ANNUALLY TO REVIEW THE PERFORMANCE AND COMPENSATION FOR THE PRESIDENT & CHIEF EXECUTIVE OFFICER. THE ASSESSMENT IS ACCOMPLISHED THROUGH TWO PRIMARY VEHICLES: THE CEO'S SELF EVALUATION AND WXXI'S FULL BOARD'S EVALUATION ON THE PRESIDENT'S COMPETENCIES AS CEO AS THEY RELATE TO OPERATIONAL, FINANCIAL, FUNDRAISING, AND STAFF/BOARD RELATIONS. EVERY FEW YEARS, AN EXTERNAL EXECUTIVE COMPENSATION PROGRAM IS OFFERED TO THE PRESIDENT & CEO. THE WXXI EXECUTIVE COMMITTEE ALSO REVIEWS THE COMPENSATION FOR OTHER OFFICERS AND KEY EMPLOYEES TO ENSURE THEIR COMPENSATION IS APPROPRIATE COMPARED WITH DATA COLLECTED FOR LIKE POSITIONS IN SIMILAR ORGANIZATIONS. THE WXXI EXECUTIVE COMMITTEE DOES NOT ESTABLISH THE COMPENSATION LEVELS (THAT IS DONE BY THE PRESIDENT & CEO) BUT REVIEWS THESE OTHER EMPLOYEES' SALARY LEVELS FOR REASONABLENESS.

PART I, LINE 4B

NORM SILVERSTEIN RECEIVED $8,416 IN SECTION 457 DEFERRED COMPENSATION CONTRIBUTIONS.

PART I, LINE 7

A BONUS IS PAID TO THE CEO BASED UPON PERFORMANCE AND GOAL ACHIEVEMENT. THIS BONUS IS LIMITED BY THE CONTRACT AND APPROVED BY THE EXECUTIVE COMMITTEE ON AN ANNUAL BASIS.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• ROCHESTER AREA MEDIA PARTNERS LLC

  LOCAL COMMUNITY NEWSPAPER PRIORITIZING COVERAGE OF THE ARTS AND CULTURE · NY · income $637,415 · assets $279,743

  Directly controlled by WXXI PUBLIC BROADCASTING COUNCIL