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Nonprofiteer
← CINCINNATI PUBLIC RADIO INC

Form 990 for tax year 2022

Filed by CINCINNATI PUBLIC RADIO INC.

Totals

Total revenue
$14,576,621
Total expenses
$6,631,590
Contributions and grants received
$14,193,467
Grants paid
$0
Program service revenue
$8,338
Investment income
$343,082
Other revenue
$31,734
Total assets, end of year
$51,059,834
Total liabilities, end of year
$587,339
Net assets or fund balances, end of year
$50,472,495
Program services expenses (Part IX)
$4,529,468
Management and general expenses
$1,227,392
Fundraising expenses
$874,730
Program service expenses (Part III)
$4,529,468

Program services were 68.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $517,799

  • 1b · Membership dues

    $3,445,489

  • 1e · Government grants (contributions)

    $77,521

  • 1f · All other contributions, gifts and grants

    $10,152,658

  • 1g · Noncash contributions included above

    $2,373,087

  • 2a · Program service revenue: Auxiliary Audio Services

    total $8,338 · related or exempt $8,338

  • 3 · Investment income

    total $304,103 · excluded $304,103

  • 7a · Gross sales of assets other than inventory

    securities $1,993,642 · other assets $218,828

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

    securities $1,950,683 · other assets $222,808

  • 7c · Gain or loss

    securities $42,959 · other assets -$3,980

  • 7d · Net gain or loss

    total $38,979 · excluded $38,979

  • 11a · Other revenue: Studio Rental Income

    total $29,605 · unrelated business $29,605

  • 11b · Other revenue: Rebates

    total $2,065 · excluded $2,065

  • 11c · Other revenue: Product Marketing

    total $64 · excluded $64

  • 11e · Other revenue, total

    $31,734

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $345,582 · program services $84,796 · management and general $260,786

  • 7 · Other salaries and wages

    total $2,714,985 · program services $1,931,164 · management and general $452,297 · fundraising $331,524

  • 8 · Pension plan contributions

    total $35,115 · program services $26,175 · management and general $5,092 · fundraising $3,848

  • 9 · Other employee benefits

    total $291,508 · program services $212,014 · management and general $49,761 · fundraising $29,733

  • 10 · Payroll taxes

    total $209,593 · program services $145,483 · management and general $44,001 · fundraising $20,109

  • 11b · Fees: legal

    total $19,665 · management and general $19,665

  • 11c · Fees: accounting

    total $55,500 · management and general $55,500

  • 11e · Fees: professional fundraising services

    total $45,000 · fundraising $45,000

  • 11f · Fees: investment management

    total $133,029 · program services $688 · management and general $45,330 · fundraising $87,011

  • 11g · Fees: other

    total $759,432 · program services $336,113 · management and general $196,137 · fundraising $227,182

  • 12 · Advertising and promotion

    total $129,406 · program services $89,904 · fundraising $39,502

  • 13 · Office expenses

    total $89,389 · program services $60,304 · management and general $4,402 · fundraising $24,683

  • 16 · Occupancy

    total $327,230 · program services $244,438 · management and general $41,396 · fundraising $41,396

  • 17 · Travel

    total $66,139 · program services $22,484 · management and general $38,070 · fundraising $5,585

  • 20 · Interest

    total $889 · program services $889

  • 22 · Depreciation, depletion and amortization

    total $127,241 · program services $116,568 · management and general $6,186 · fundraising $4,487

  • 23 · Insurance

    total $23,440 · program services $16,408 · management and general $3,516 · fundraising $3,516

  • 24a · Other expenses: Program License Fees

    total $1,107,179 · program services $1,107,179

  • 24b · Other expenses: Research

    total $79,025 · program services $79,025

  • 24c · Other expenses: Special Events

    total $23,737 · program services $15,125 · fundraising $8,612

  • 24d · Other expenses: Repairs and Maintenance

    total $22,180 · program services $19,736 · management and general $2,444

  • 24e · All other expenses

    total $26,326 · program services $20,975 · management and general $2,809 · fundraising $2,542

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,240,847 · end of year $2,051,371

  • 3 · Pledges and grants receivable

    beginning of year $3,776,347 · end of year $6,154,363

  • 4 · Accounts receivable

    beginning of year $285,855 · end of year $243,076

  • 9 · Prepaid expenses and deferred charges

    beginning of year $45,135 · end of year $101,954

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

    $4,972,617

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

    $1,753,169

  • 10c · Land, buildings and equipment, net

    beginning of year $1,251,050 · end of year $3,219,448

  • 11 · Investments: publicly traded securities

    beginning of year $8,914,608 · end of year $14,306,296

  • 14 · Intangible assets

    beginning of year $22,988,377 · end of year $22,988,377

  • 15 · Other assets

    beginning of year $0 · end of year $1,994,949

  • 17 · Accounts payable and accrued expenses

    beginning of year $310,796 · end of year $426,541

  • 19 · Deferred revenue

    beginning of year $235,082 · end of year $122,378

  • 25 · Other liabilities

    beginning of year $0 · end of year $38,420

  • 27 · Net assets without donor restrictions

    beginning of year $36,225,947 · end of year $40,983,994

  • 28 · Net assets with donor restrictions

    beginning of year $5,730,394 · end of year $9,488,501

Mission and programs · 2022

Mission

Cincinnati Public Radio is the trusted, independent source of journalism, music and culture empowering a vibrant, engaged and informed community.

Activities or mission (Part I)

To bring the finest classical music, news, and information programming to the people of the Tri-State. We accomplish this via the operation of a variety of over-the-air radio broadcast service and on-line Internet streams and on-demand downloads.

  • Cincinnati Public Radio is a unifier, linking the diverse audiences of Greater Cincinnati to the finest news, information, music, arts and culture and to each other, serving approximately 210,000 listeners and 300,000 monthly users on digital platforms.

    Expenses $4,529,468 · Revenue $8,338

As filed on the 2022 return.

Listed in Part VII

  • Mr Tripp Eldredge

    Director

    Total calculated
    $0
    Hours/week
    0.3
  • Hon Michael J Newman

    Director

    Total calculated
    $0
    Hours/week
    0.3
  • Mr John Owens

    Director

    Total calculated
    $0
    Hours/week
    0.3
  • Mr Murray Sinclaire

    Chair

    Total calculated
    $0
    Hours/week
    0.3
  • Dr Bruce Drushel

    Director

    Total calculated
    $0
    Hours/week
    0.3
  • Mr Otto Budig Jr

    Board Member Emeritus

    Total calculated
    $0
    Hours/week
    0.3
  • Mr Jerry Kathman

    Vice Chair

    Total calculated
    $0
    Hours/week
    0.3
  • Ms Michele Carey

    Director - Left 6/22/2023

    Total calculated
    $0
    Hours/week
    0.3
  • Mr Brian Gillian

    Community Board Chair

    Total calculated
    $0
    Hours/week
    0.3
  • Ms Amy Goodwin

    Director

    Total calculated
    $0
    Hours/week
    0.3
  • Mr Chris DeSimio

    Director

    Total calculated
    $0
    Hours/week
    0.3
  • Mr David Giles

    Director

    Total calculated
    $0
    Hours/week
    0.3
  • Ms Virginia Kuertz

    Secretary

    Total calculated
    $0
    Hours/week
    0.3
  • Ms Suzanne Nelson

    Director - Left 6/22/2023

    Total calculated
    $0
    Hours/week
    0.3
  • Ms Eva Grandison

    Director - Left 6/22/2023

    Total calculated
    $0
    Hours/week
    0.3
  • Mr John Young - Left 6222023

    Director

    Total calculated
    $0
    Hours/week
    0.3
  • Dr Wendy Maxian

    Director

    Total calculated
    $0
    Hours/week
    0.3
  • Mr Chip Workman

    Treasurer

    Total calculated
    $0
    Hours/week
    0.3
  • Mr Richard N Eiswerth

    President, General Manager, and CEO

    Total calculated
    $254,642
    From this org
    $240,363
    From related orgs
    $0
    Other
    $14,279
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $237,886
    Bonus
    $0
    Other
    $2,477
    Deferred
    $4,988
    Nontaxable benefits
    $9,291
    Filer's total
    $254,642
  • Mr Eric Kearney

    Director

    Total calculated
    $0
    Hours/week
    0.3
  • Mr Alex Bakkum

    Director

    Total calculated
    $0
    Hours/week
    0.3
  • Mr Tysonn Betts

    Director

    Total calculated
    $0
    Hours/week
    0.3
  • Mr Mark Clement

    Director

    Total calculated
    $0
    Hours/week
    0.3
  • Mr Alfonso Cornejo

    Director

    Total calculated
    $0
    Hours/week
    0.3
  • Mr Beryl Love

    Director

    Total calculated
    $0
    Hours/week
    0.3
  • Mr Edward Steiner

    Director

    Total calculated
    $0
    Hours/week
    0.3
  • Ms Allison Dubbs

    Director - Start 6/22/2023

    Total calculated
    $0
    Hours/week
    0.3
  • Ms Susan Delott

    Director - Start 6/22/2023

    Total calculated
    $0
    Hours/week
    0.3
  • Ms Bonnie Blakenship

    Director - Start 6/22/2023

    Total calculated
    $0
    Hours/week
    0.3
  • Mr Craig Beachler

    Director - Start 6/22/2023

    Total calculated
    $0
    Hours/week
    0.3
  • Mr Daniel Smith

    Chief Operating and Financial Officer

    Total calculated
    $90,940
    From this org
    $81,840
    From related orgs
    $0
    Other
    $9,100
    Hours/week
    40
  • Mrs Sherri Mancini

    VP for Development

    Total calculated
    $121,472
    From this org
    $110,649
    From related orgs
    $0
    Other
    $10,823
    Hours/week
    40
  • Ms Jenell Walton

    VP for Content

    Total calculated
    $118,819
    From this org
    $106,003
    From related orgs
    $0
    Other
    $12,816
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

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

  • Cincinnati Public Radio Properties LLC

    Inactive · OH · income $0 · assets $0

    Directly controlled by Cincinnati Public Radio Inc

Provenance

Return type
form_990
Tax year
2022
Filed
25 March 2024
IRS schema version
2022v5.0
Source object
202400869349301325

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