Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1a · Federated campaigns

  $0

• 1b · Membership dues

  $0

• 1c · Fundraising events

  $0

• 1d · Related organizations

  $0

• 1e · Government grants (contributions)

  $1,047,308

• 1f · All other contributions, gifts and grants

  $3,639,640

• 1g · Noncash contributions included above

  $81,518

• 2a · Program service revenue: SERVICE AND LICENSE FEE

  total $5,903,827 · unrelated business $0 · excluded $0

• 2b · Program service revenue: PROGRAM ROYALTIES

  total $192 · unrelated business $0 · excluded $0

• 3 · Investment income

  total $113 · unrelated business $0 · excluded $113

• 7a · Gross sales of assets other than inventory

  securities $4,084,100

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

  securities $3,999,807

• 7c · Gain or loss

  securities $84,293

• 7d · Net gain or loss

  total $84,293 · related or exempt $0 · unrelated business $0 · excluded $84,293

• 8a · Fundraising events: contributions included on line 1c

  $0

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $602,452 · program services $602,452 · management and general $0 · fundraising $0

• 7 · Other salaries and wages

  total $4,753,664 · program services $4,155,078 · management and general $67,415 · fundraising $531,171

• 8 · Pension plan contributions

  total $129,455 · program services $117,212 · management and general $1,212 · fundraising $11,031

• 9 · Other employee benefits

  total $643,067 · program services $586,542 · management and general $175 · fundraising $56,350

• 10 · Payroll taxes

  total $382,059 · program services $341,637 · management and general $5,067 · fundraising $35,355

• 11a · Fees: management

  total $1,059,347 · program services $53,436 · management and general $850,175 · fundraising $155,736

• 11b · Fees: legal

  total $2,574 · program services $0 · management and general $2,574 · fundraising $0

• 11c · Fees: accounting

  total $35,500 · program services $0 · management and general $35,500 · fundraising $0

• 11d · Fees: lobbying

  total $54,000 · program services $0 · management and general $54,000 · fundraising $0

• 11e · Fees: professional fundraising services

  total $53,881 · fundraising $53,881

• 11g · Fees: other

  total $171,431 · program services $170,536 · management and general $0 · fundraising $895

• 12 · Advertising and promotion

  total $61,636 · program services $54,461 · management and general $0 · fundraising $7,175

• 13 · Office expenses

  total $727,506 · program services $317,606 · management and general $3,684 · fundraising $406,216

• 16 · Occupancy

  total $699,475 · program services $660,910 · management and general $3,643 · fundraising $34,922

• 17 · Travel

  total $129,295 · program services $123,538 · management and general $0 · fundraising $5,757

• 19 · Conferences, conventions and meetings

  total $4,884 · program services $3,064 · management and general $0 · fundraising $1,820

• 22 · Depreciation, depletion and amortization

  total $626,172 · program services $626,172 · management and general $0 · fundraising $0

• 23 · Insurance

  total $5,904 · program services $2,948 · management and general $358 · fundraising $2,598

• 24a · Other expenses: DUES & PBS ASSESSMENTS

  total $931,324 · program services $928,061 · management and general $0 · fundraising $3,263

• 24b · Other expenses: PROGRAM PRODUCTION/ACQUISITION

  total $928,147 · program services $903,312 · management and general $0 · fundraising $24,835

• 24c · Other expenses: MISCELLANEOUS

  total $78,592 · program services $511 · management and general $754 · fundraising $77,327

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $48,988 · end of year $48,905

• 2 · Savings and temporary cash investments

  beginning of year $3,250,066 · end of year $3,487,204

• 3 · Pledges and grants receivable

  beginning of year $1,434,356 · end of year $1,018,453

• 4 · Accounts receivable

  beginning of year $969,916 · end of year $562,344

• 9 · Prepaid expenses and deferred charges

  beginning of year $109,370 · end of year $43,663

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

  $7,289,303

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

  $4,217,410

• 10c · Land, buildings and equipment, net

  beginning of year $3,474,666 · end of year $3,071,893

• 11 · Investments: publicly traded securities

  beginning of year $4,001,159 · end of year $3,063,270

• 15 · Other assets

  end of year $3,109,477

• 17 · Accounts payable and accrued expenses

  beginning of year $1,029,425 · end of year $504,059

• 25 · Other liabilities

  beginning of year $740,909 · end of year $3,756,317

• 27 · Net assets without donor restrictions

  beginning of year $7,619,726 · end of year $7,623,877

• 28 · Net assets with donor restrictions

  beginning of year $3,898,461 · end of year $2,520,956

The filer's explanations (Part III)

Pt I Line 4c

CERTAIN OFFICERS, INCLUDING THE CEO OF PMNJ ARE PAID BY ITS RELATED ORGANIZATION, WNET. THE COMPENSATION OF PMNJ'S PRESIDENT AND CEO (WHO ALSO SERVES AS THE PRESIDENT AND CEO OF WNET) WAS ESTABLISHED UNDER A MULTI-YEAR CONTRACT WHICH WAS REVIEWED AND APPROVED BY THE PERSONNEL & DIVERSITY COMMITTEE OF THE BOARD OF WNET (THE "COMMITTEE"). ADDITIONALLY, HIS PERFORMANCE AND COMPENSATION ARE REVIEWED ANNUALLY BY THE COMMITTEE. IN SETTING COMPENSATION, THE COMMITTEE USES MARKET DATA FOR COMPARABLE POSITIONS PROVIDED BY AN INDEPENDENT COMPENSATION CONSULTANT. WNET MAINTAINS CONTEMPORANEOUS DOCUMENTATION OF THE COMPENSATION REVIEW AND APPROVAL PROCESS. THE COMMITTEE COMPLIES WITH THE "REBUTTABLE PRESUMPTION OF REASONABLENESS" PROCEDURES FOR DETERMINING COMPENSATION UNDER INTERNAL REVENUE CODE SECTION 4958.

Pt I Line 7

SEE SCHEDULE O, PART VI, LINE 115a.