Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1a · Federated campaigns

  $272,036

• 1e · Government grants (contributions)

  $3,096,178

• 1f · All other contributions, gifts and grants

  $124,886,575

• 1g · Noncash contributions included above

  $3,046,102

• 2a · Program service revenue: TELEVISION PROJECTS

  total $4,720,284 · related or exempt $4,720,284

• 2b · Program service revenue: ANCILLARY REVENUES

  total $1,397,879 · related or exempt $1,397,879

• 2c · Program service revenue: RENT 501(C)3 TENANTS

  total $109,096 · related or exempt $109,096

• 3 · Investment income

  total $1,753,094 · excluded $1,753,094

• 5 · Royalties

  total $788,400 · related or exempt $788,400

• 6a · Gross rents

  real property $666,489

• 6b · Less rental expenses

  real property $429,189

• 6c · Rental income or loss

  real property $237,300

• 6d · Net rental income or loss

  total $237,300 · unrelated business $237,300

• 7a · Gross sales of assets other than inventory

  securities $13,213,240 · other assets $1,326,924

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

  securities $10,782,153 · other assets $1,230

• 7c · Gain or loss

  securities $2,431,087 · other assets $1,325,694

• 7d · Net gain or loss

  total $3,756,781 · excluded $3,756,781

• 10a · Gross sales of inventory

  $4,531

• 10b · Cost of goods sold

  $4,531

• 10c · Net income from sales of inventory

  total $0

• 11a · Other revenue: WETA MAGAZINE

  total $45,500 · unrelated business $45,500

• 11b · Other revenue: MISCELLANEOUS REVENUE

  total $13,739 · excluded $13,739

• 11e · Other revenue, total

  $59,239

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $750,250 · program services $750,250

• 5 · Compensation of officers, directors and key employees

  total $3,188,653 · program services $1,413,695 · management and general $1,774,958

• 7 · Other salaries and wages

  total $41,559,669 · program services $33,093,413 · management and general $4,565,063 · fundraising $3,901,193

• 8 · Pension plan contributions

  total $3,163,234 · program services $2,571,491 · management and general $307,589 · fundraising $284,154

• 9 · Other employee benefits

  total $4,172,715 · program services $3,392,129 · management and general $405,750 · fundraising $374,836

• 10 · Payroll taxes

  total $3,172,137 · program services $2,578,728 · management and general $308,455 · fundraising $284,954

• 11b · Fees: legal

  total $139,797 · management and general $139,797

• 11c · Fees: accounting

  total $347,572 · program services $227,041 · management and general $120,531

• 11e · Fees: professional fundraising services

  total $102,958 · fundraising $102,958

• 11f · Fees: investment management

  total $81,242 · management and general $81,242

• 11g · Fees: other

  total $2,500,994 · program services $681,586 · management and general $661,719 · fundraising $1,157,689

• 12 · Advertising and promotion

  total $1,471,943 · program services $1,032,002 · fundraising $439,941

• 13 · Office expenses

  total $3,819,626 · program services $1,710,428 · management and general $925,239 · fundraising $1,183,959

• 16 · Occupancy

  total $2,671,096 · program services $1,457,021 · management and general $1,212,440 · fundraising $1,635

• 17 · Travel

  total $1,624,862 · program services $1,551,561 · management and general $31,736 · fundraising $41,565

• 19 · Conferences, conventions and meetings

  total $364,848 · program services $253,334 · management and general $20,929 · fundraising $90,585

• 20 · Interest

  total $828 · management and general $828

• 22 · Depreciation, depletion and amortization

  total $1,352,133 · program services $813,561 · management and general $538,572

• 23 · Insurance

  total $386,196 · management and general $386,196

• 24a · Other expenses: PRODUCTION AND ACQUISIT

  total $40,125,511 · program services $39,318,180 · management and general $204,609 · fundraising $602,722

• 24b · Other expenses: PUBLIC BROADCASTING SER

  total $8,523,002 · program services $8,523,002

• 24c · Other expenses: PROPERTY TAX EXPENSE

  total $405,449 · program services $35,316 · management and general $370,133

• 24d · Other expenses: MEMBERSHIPS

  total $204,349 · program services $14,046 · management and general $165,118 · fundraising $25,185

• 24e · All other expenses

  total $5,521,438 · program services $860,708 · management and general $2,428,170 · fundraising $2,232,560

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $40,203,898 · end of year $27,438,605

• 2 · Savings and temporary cash investments

  beginning of year $5,227,869 · end of year $423,884

• 3 · Pledges and grants receivable

  beginning of year $16,435,800 · end of year $24,361,756

• 4 · Accounts receivable

  beginning of year $5,865,237 · end of year $8,862,836

• 8 · Inventories for sale or use

  beginning of year $28,320 · end of year $28,320

• 9 · Prepaid expenses and deferred charges

  beginning of year $2,011,125 · end of year $1,746,891

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

  $96,136,381

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

  $43,281,578

• 10c · Land, buildings and equipment, net

  beginning of year $29,587,676 · end of year $52,854,803

• 11 · Investments: publicly traded securities

  beginning of year $33,001,539 · end of year $51,667,403

• 12 · Investments: other securities

  beginning of year $22,033,413 · end of year $27,938

• 15 · Other assets

  beginning of year $42,418,846 · end of year $52,039,053

• 17 · Accounts payable and accrued expenses

  beginning of year $11,683,853 · end of year $12,550,701

• 19 · Deferred revenue

  beginning of year $756,131 · end of year $722,760

• 25 · Other liabilities

  beginning of year $13,487,279 · end of year $18,727,532

• 27 · Net assets without donor restrictions

  beginning of year $45,920,329 · end of year $53,361,966

• 28 · Net assets with donor restrictions

  beginning of year $124,966,131 · end of year $134,088,530

The filer's explanations (Part III)

PART I, LINE 7

THE BONUSES PAID ARE NON-FIXED PAYMENTS. THE INCENTIVE COMPENSATION IS DETERMINED BY THE COMMITTEE AND/OR THE BOARD AND IS BASED UPON PERFORMANCE AND UPON THE FINANCIAL PERFORMANCE OF THE ORGANIZATION.

Disregarded entities

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

• NEWSHOUR PRODUCTIONS LLC

  PBS NEWSHOUR · VA · income $42,934,552 · assets $21,796,287

  Directly controlled by WETA

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• WETACOM INC

  C · FOR PROFIT PROD (INACTIVE SINCE 2002) · DC · 100% owned · controlled entity

  Directly controlled by WETA