Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1a · Federated campaigns

  $35,680

• 1b · Membership dues

  $2,798,215

• 1e · Government grants (contributions)

  $1,696,872

• 1f · All other contributions, gifts and grants

  $7,854,599

• 1g · Noncash contributions included above

  $109,442

• 2a · Program service revenue: PROGRAM INCOME

  total $1,580,316 · related or exempt $1,482,776 · unrelated business $97,540

• 2b · Program service revenue: SATELITE UPLINK SERVICE

  total $881,431 · related or exempt $881,431

• 2c · Program service revenue: FACILITY RENTAL

  total $270,343 · related or exempt $81,647 · unrelated business $188,696

• 2d · Program service revenue: SCHOOL DISTRICT REVENUE

  total $4,120 · related or exempt $4,120

• 3 · Investment income

  total $909,696 · excluded $909,696

• 5 · Royalties

  total $1,283,547 · excluded $1,283,547

• 7a · Gross sales of assets other than inventory

  securities $27,918,240

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

  securities $24,413,798

• 7c · Gain or loss

  securities $3,504,442

• 7d · Net gain or loss

  total $3,504,442 · excluded $3,504,442

• 8a · Fundraising events: gross income

  $38,713

• 8b · Fundraising events: direct expenses

  $23,339

• 8c · Net income from fundraising events

  total $15,374 · excluded $15,374

• 11a · Other revenue: MANAGEMENT FEE INCOME

  total $918,570 · unrelated business $918,570

• 11b · Other revenue: MISCELLANEOUS INCOME

  total $39,400 · excluded $39,400

• 11c · Other revenue: SALE OF PREMIUMS

  total $115 · related or exempt $115

• 11e · Other revenue, total

  $958,085

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $1,241,667 · program services $705,080 · management and general $331,208 · fundraising $205,379

• 7 · Other salaries and wages

  total $4,713,989 · program services $2,661,929 · management and general $1,278,232 · fundraising $773,828

• 8 · Pension plan contributions

  total $247,950 · program services $149,072 · management and general $55,544 · fundraising $43,334

• 9 · Other employee benefits

  total $541,261 · program services $315,639 · management and general $131,480 · fundraising $94,142

• 10 · Payroll taxes

  total $422,309 · program services $256,819 · management and general $89,777 · fundraising $75,713

• 11b · Fees: legal

  total $114,153 · program services $6,415 · management and general $107,738

• 11c · Fees: accounting

  total $81,019 · program services $45,750 · management and general $21,969 · fundraising $13,300

• 11d · Fees: lobbying

  total $57,793 · program services $57,793

• 11e · Fees: professional fundraising services

  total $531,951 · fundraising $531,951

• 11f · Fees: investment management

  total $63,330 · program services $63,330

• 11g · Fees: other

  total $1,470,283 · program services $694,654 · management and general $702,536 · fundraising $73,093

• 12 · Advertising and promotion

  total $99,665 · program services $90,859 · management and general $8,806

• 13 · Office expenses

  total $628,288 · program services $351,395 · management and general $105,644 · fundraising $171,249

• 14 · Information technology

  total $77,866 · program services $46,931 · management and general $21,535 · fundraising $9,400

• 16 · Occupancy

  total $484,654 · program services $420,475 · management and general $43,746 · fundraising $20,433

• 17 · Travel

  total $93,156 · program services $47,913 · management and general $43,466 · fundraising $1,777

• 19 · Conferences, conventions and meetings

  total $80,388 · program services $45,317 · management and general $29,232 · fundraising $5,839

• 20 · Interest

  total $538,402 · program services $357,860 · management and general $109,000 · fundraising $71,542

• 21 · Payments to affiliates

  total $168,600 · program services $139,600 · management and general $29,000

• 22 · Depreciation, depletion and amortization

  total $1,990,581 · program services $1,676,505 · management and general $192,385 · fundraising $121,691

• 23 · Insurance

  total $116,071 · program services $67,697 · management and general $34,993 · fundraising $13,381

• 24a · Other expenses: PROGRAM ACQUISITION

  total $1,344,554 · program services $1,344,554

• 24b · Other expenses: MAINTENANCE AND REPAIRS

  total $569,903 · program services $468,823 · management and general $72,135 · fundraising $28,945

• 24c · Other expenses: MEMBERSHIP MAINTENANCE

  total $370,569 · fundraising $370,569

• 24d · Other expenses: PLEDGE ACTIVITY

  total $95,753 · fundraising $95,753

• 24e · All other expenses

  total $250,221 · program services $195,769 · management and general $7,367 · fundraising $47,085

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $227,770 · end of year $1,890,551

• 2 · Savings and temporary cash investments

  beginning of year $533,151 · end of year $802,989

• 3 · Pledges and grants receivable

  beginning of year $1,191,500 · end of year $80,000

• 4 · Accounts receivable

  beginning of year $1,326,214 · end of year $1,371,164

• 7 · Other notes and loans receivable

  beginning of year $4,659,790 · end of year $5,647,273

• 9 · Prepaid expenses and deferred charges

  beginning of year $150,859 · end of year $135,644

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

  $37,395,268

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

  $25,226,582

• 10c · Land, buildings and equipment, net

  beginning of year $13,738,090 · end of year $12,168,686

• 11 · Investments: publicly traded securities

  beginning of year $30,067,206 · end of year $29,206,567

• 12 · Investments: other securities

  beginning of year $2,503,714 · end of year $2,719,929

• 15 · Other assets

  beginning of year $2,460,028 · end of year $2,129,717

• 17 · Accounts payable and accrued expenses

  beginning of year $1,242,166 · end of year $1,050,148

• 19 · Deferred revenue

  beginning of year $649,000 · end of year $1,428,965

• 23 · Secured mortgages and notes payable

  beginning of year $12,116,256 · end of year $11,118,419

• 25 · Other liabilities

  beginning of year $5,433,111 · end of year $6,985,573

• 27 · Net assets without donor restrictions

  beginning of year $33,387,826 · end of year $32,771,680

• 28 · Net assets with donor restrictions

  beginning of year $4,029,963 · end of year $2,797,735

The filer's explanations (Part III)

PART I, LINE 4A

RONALD KAIN, SENIOR VICE PRESIDENT AND CHIEF BUSINESS OFFICER, RECEIVED SEVERANCE PAYMENT IN THE AMOUNT OF $115,872 IN FEBRUARY, 2025.

PART I, LINE 6

PART OF THE EXECUTIVE BONUSES ARE BASED ON EXCEEDING BUDGETED NET REVENUE.

Disregarded entities

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

• THE STEINMAN INSTITUTE FOR CIVIC ENGAGEMENT

  LOCAL JOURNALISM,INNOVATION,COMMUNITY ENGAGEMENT & EDUCATION · PA · income $5,494,087 · assets $1,645,569

  Directly controlled by PENNON ORGANIZATION

Related corporations and trusts

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

• WITF ENTERPRISES INC

  C · RADIO BROADCASTING · PA · 100% owned · share of income $18 · share of assets $339,804 · controlled entity

  Directly controlled by PENNON ORGANIZATION

• LNP MEDIA GROUP INC

  C · PUBLICATIONS, DIGITAL MARKETING · PA · 100% owned · share of income $22,975,268 · share of assets $17,815,210 · controlled entity

  Directly controlled by PENNON ORGANIZATION