2022-11-14T13:11:28-06:00 2022-06-30 381357951 PLANTE & MORAN PLLC 10 S RIVERSIDE PLAZA 9TH FLOOR CHICAGO IL 60606 990 2021-07-01 363687394 CHICAGO PUBLIC MEDIA INC CHIC 3129484600 848 E GRAND AVE NAVY PIER CHICAGO IL 60611 MATTHEW MOOG CEO 3129484600 2022-11-15 1 MATTHEW MOOG 999009999 LU ANN TRAPP P01506476 3122071040 2022-11-09 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z MATTHEW MOOG 848 E GRAND AVE NAVY PIER CHICAGO IL 60611 32967525 0 X WWW.CHICAGOPUBLICMEDIA.ORG X 1989 IL CHICAGO PUBLIC MEDIA SERVES THE PUBLIC INTEREST BY CREATING AND DELIVERING DIVERSE, COMPELLING CONTENT THAT INFORMS, INSPIRES, ENRICHES AND ENTERTAINS. THROUGH A BROAD RANGE OF MEDIA PLATFORMS, WE CONNECT DIVERSE AUDIENCES IN OUR SERVICE AREA AND BEYOND TO ONE ANOTHER. WE HELP THEM MAKE A DIFFERENCE IN OUR COMMUNITIES, OUR REGION, AND OUR WORLD. 24 24 187 24 1390603 97404 29216831 27026635 1135512 2725968 4165532 2317331 2728307 220505 37246182 32290439 0 0 0 0 16183651 16647026 0 0 6938572 11062345 11836453 27245996 28483479 10000186 3806960 93763608 91335229 31647428 34112701 62116180 57222528 X CHICAGO PUBLIC MEDIA SERVES THE PUBLIC INTEREST BY CREATING AND DELIVERING DIVERSE, COMPELLING CONTENT THAT INFORMS, INSPIRES, ENRICHES AND ENTERTAINS. THROUGH A BROAD RANGE OF MEDIA PLATFORMS, WE CONNECT DIVERSE AUDIENCES IN OUR SERVICE AREA AND BEYOND TO ONE ANOTHER. WE HELP THEM MAKE A DIFFERENCE IN OUR COMMUNITIES, OUR REGION, AND OUR WORLD. 0 0 17323369 1968975 CHICAGO PUBLIC MEDIA, INC. IS A 501(C)(3) CHARITABLE ORGANIZATION THAT SERVES THE PUBLIC INTEREST BY PRODUCING AND DELIVERING DIVERSE, COMPELLING CONTENT OF MULTIPLE VIEWPOINTS AND EXPRESSION. CHICAGO PUBLIC MEDIA BROADCASTS ITS SERVICE ON FOUR NON-COMMERCIAL FM RADIO STATIONS: WBEZ 91.5 FM IN CHICAGO, WBEQ 90.7 FM IN MORRIS, 91.7 FM (W219CD) IN ELGIN, ILLINOIS, AND WBEK 91.1 FM IN KANKAKEE, ILLINOIS; DIGITALLY VIA WBEZ.ORG, SMART SPEAKERS, MOBILE APPS, PODCASTS AND IN LIVE EVENTS THAT GENERATE CONVERSATIONS ACROSS COMMUNITIES. 493266 CHICAGO PUBLIC MEDIA OPERATES A PUBLIC MEDIA ON-LINE/ON-AIR SERVICE, ON 91.1 FM WHICH IS BROADCAST ON WBEW 89.5 FM IN CHESTERTON, INDIANA, AND ON 91.1 FM (W216CL) IN CHICAGO. VOCALO RADIO WAS ESTABLISHED AS AN INSPIRATIONAL BRAND THAT CELEBRATES OUR CITY'S CULTURAL DIVERSITY AND BRINGS THE COMMUNITY TOGETHER AROUND MUSIC - SPECIFICALLY, THE URBAN ALTERNATIVE FORMAT. VOCALO RADIO ACTIVELY LOOKS TO CREATE AND PROMOTE POSITIVITY AND, THROUGH MUSIC, BREAK DOWN THE BARRIERS THAT SEGREGATE OUR COMMUNITIES. 17816635 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 1 127 0 1 187 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 24 24 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 IL IN MI NY WI CA X X RINA DEDHIA 3129484634 848 E GRAND AVE NAVY PEIR CHICAGO IL 60611 PIYUSH CHAUDHARI BOARD CHAIR 1.00 0.25 X X 0 0 0 ELIZABETH THOMPSON SECRETARY 1.00 0.25 X X 0 0 0 MARCY CARLIN TREASURER 1.00 0.25 X X 0 0 0 BOB ARTHUR THRU 921 DIRECTOR 1.00 0.25 X 0 0 0 STEVE BAIRD DIRECTOR 1.00 0.25 X 0 0 0 HOWARD CONANT JR DIRECTOR 1.00 0.25 X 0 0 0 RAYMOND E CROSSMAN PHD DIRECTOR 1.00 0.25 X 0 0 0 THOMAS FISHER JR MD DIRECTOR 1.00 0.25 X 0 0 0 WILLIAM A GEE IV DIRECTOR 1.00 0.25 X 0 0 0 STEPHANIE HARRIS DIRECTOR 1.00 0.25 X 0 0 0 BRUCE HEYMAN DIRECTOR 1.00 0.25 X 0 0 0 ROGER HOCHSCHILD DIRECTOR 1.00 0.25 X 0 0 0 PRISCILLA KERSTEN THRU 122 DIRECTOR 1.00 0.25 X 0 0 0 ADRIENNE KING DIRECTOR 1.25 1.25 X 0 0 0 LERRY J KNOX JR DIRECTOR 1.25 1.25 X 0 0 0 CHARLES LEWIS DIRECTOR 1.00 0.25 X 0 0 0 KAY MCCURDY THRU 921 DIRECTOR 1.00 0.25 X 0 0 0 NIVINE MEGAHED DIRECTOR 1.00 0.25 X 0 0 0 SYLVIA NEIL DIRECTOR 1.00 0.25 X 0 0 0 KEDRA NEWSOM DIRECTOR 1.00 0.25 X 0 0 0 ROBERT PASIN DIRECTOR 1.00 0.25 X 0 0 0 JULIAN POSADA DIRECTOR 1.00 0.25 X 0 0 0 SHELI ROSENBERG THRU 122 DIRECTOR 1.00 0.25 X 0 0 0 BERNARDO SICHEL DIRECTOR 1.00 0.25 X 0 0 0 JESSICA SIEJA DIRECTOR 1.00 0.25 X 0 0 0 MERRILL H SMITH THRU 1021 DIRECTOR 1.00 0.25 X 0 0 0 BRYAN TRAUBERT DIRECTOR 1.00 0.25 X 0 0 0 DOMINIQUE JORDAN TURNER DIRECTOR (THRU 4/22) 1.00 0.25 X 0 0 0 LAURA VAN PEENAN DIRECTOR 1.00 0.25 X 0 0 0 DILNAZ A WARAICH DIRECTOR 1.00 0.25 X 0 0 0 MATT MOOG CEO 28.00 12.00 X 507736 0 25884 RINA DEDHIA CFO 28.00 12.00 X 288471 0 33882 CYNTHIA P ABBOTT VP, GENERAL COUNSEL 30.00 10.00 X 253035 0 23451 TRACY BROWN CHIEF CONTENT OFFICER 30.00 10.00 X 251654 0 24418 ELIZABETH BERGER VP OF COMMUNICATIONS 30.00 10.00 X 157829 0 29366 KASSANDRA STEPHENSON THRU 421 CHIEF MARKETING OFFICER 40.00 0.00 X 175827 0 5277 VALERIE TONEY PARKER CHIEF PEOPLE OFFICER 40.00 0.00 X 158453 0 4491 ISRAEL SMITH THRU 1221 MANAGING DIRECTOR, PRG & AUDIENCE DEV 40.00 0.00 X 208849 0 30847 KEVIN DAWSON MANAGING DIRECTOR, CONTENT DEVELOPMENT UNIT 40.00 0.00 X 185423 0 23443 STEPHEN WRIGHT VP TECHNOLOGY & OPERATIONS 34.00 6.00 X 178272 0 30355 BETH FOLLENWEIDER THRU 422 SR DIRECTOR, BUSINESS INTELLIGENCE 40.00 0.00 X 178659 0 23055 DEBRA CHAMRA SR DIRECTOR OF ACCOUNTING 32.00 8.00 X 166155 0 22601 2710363 0 277070 45 0 1 0 MARKET ENGINUITY 3131 E CLAREDON AVE SUITE 105 PHOENIX AZ 85016 UNDERWRITING ACCOUNT EXECUTIVES 1323827 MCDERMOTT WILL & EMERY LLP PO BOX 1675 CAROL STREAM IL 60132 LEGAL SERVICES 453482 STAX INC 699 BOYLSTON STREET 3RD FLOOR BOSTON MA 02116 CONSULTING SERVICES 398415 ALEXANDER ROSS GROUP 2406 PRAIRIE AVENUE EVANSTON IL 60201 CONSULTING SERVICES 143750 LKA FUNDRAISING & COMMUNICATIONS 4800 SW MACADAM AVE STE 240 PORTLAND OR 97239 CONSULTING SERVICES 104131 5 13133093 973465 1582656 11337421 371848 27026635 THIS AMERICAN LIFE REV 515100 1767618 1767618 DIGITAL SPONSORSHIPS 515100 929393 929393 MEMBERSHIP EVENTS 515100 17711 17711 PRODUCTION & STUDIO RE 515100 11246 11246 2725968 1134000 312096 821904 172400 172400 149114 0 149114 149114 149114 1754798 570917 550 1183881 -550 1183331 1183331 4610 973465 105619 -101009 -101009 32290439 1968975 1390603 1904226 2110112 488689 1252118 369305 11694945 8623093 884614 2187238 295217 220528 20682 54007 1549906 1316394 -82179 315691 996846 679880 127545 189421 423442 294845 128597 82491 82491 115802 115802 2727476 350927 541958 1834591 689062 433119 255943 812867 560314 57684 194869 797236 428766 157146 211324 590043 503629 40315 46099 96723 62889 29678 4156 37615 18880 10230 8505 568929 391090 66959 110880 1613817 1243631 171505 198681 171147 125774 16142 29231 UBI TAX EXPENSE 24520 0 24520 0 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1000095 0.79660 0.20340 0 0 639992 515666 1155658 23068292 9754807 13313485 9302153 7342824 1959329 1288432 453481 834951 17263423 LIABILITY UNDER SWAP AGREEMENT -1817177 OPERATING LEASE LIABILITY 1903905 DUE TO AFFILIATE 4619883 4706611 X 26588677 -9810961 1630927 2594074 -5585960 32174637 115802 115802 32290439 29972360 1630266 1630266 28342094 115802 25584 141386 28483480 PART V, LINE 4: $1M ENDOWMENT WILL REMAIN PERMANENTLY RESTRICTED. DISTRIBUTIONS, NOT TO EXCEED 4% OF THE VALUE OF THE FUND IN ANY GIVEN YEAR, WILL BE USED TO SUPPORT GENERAL OPERATIONS AT CPM. PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND APPLICABLE STATE LAW, EXCEPT FOR TAXES PERTAINING TO UNRELATED BUSINESS INCOME, IF ANY. THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE CONSOLIDATED FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, THE ORGANIZATION MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE ORGANIZATION AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME. THE TAX BENEFITS RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS FROM SUCH A POSITION, IF ANY, ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50 PERCENT LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THERE WERE NO UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LIABILITIES FOR THE REPORTING PERIODS PRESENTED IN THESE CONSOLIDATED FINANCIAL STATEMENTS. THE ORGANIZATION FILES FORM 990 IN THE U.S. FEDERAL JURISDICTION AND THE STATE OF ILLINOIS AND IS GENERALLY NO LONGER SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR TAX YEARS BEFORE 2019. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF INTEREST RATE SWAP AGREEMENT 2,619,658. MEMBER EVENT EXPENSE NETTED AGAINST REVENUE -25,584. PART XII, LINE 4B - OTHER ADJUSTMENTS: MEMBER EVENT EXPENSE NETTED AGAINST REVENUE 25,584. GALA 978075 973465 4610 252 105367 978075 973465 4610 252 105367 105619 -101009 X X X X X 1 0 0 0 0 0 0 1 0 MATT MOOG CEO 424747 0 82989 0 0 0 2769 0 23115 0 533620 0 0 0 RINA DEDHIA CFO 259471 0 29000 0 0 0 10078 0 23804 0 322353 0 0 0 CYNTHIA P ABBOTT VP, GENERAL COUNSEL 224035 0 29000 0 0 0 9216 0 14235 0 276486 0 0 0 TRACY BROWN CHIEF CONTENT OFFICER 222654 0 29000 0 0 0 9121 0 15297 0 276072 0 0 0 ISRAEL SMITH THRU 1221 MANAGING DIRECTOR, PRG & AUDIENCE DE 187349 0 21500 0 0 0 7369 0 23478 0 239696 0 0 0 KEVIN DAWSON MANAGING DIRECTOR, CONTENT DEVELOPME 163923 0 21500 0 0 0 0 0 23443 0 208866 0 0 0 STEPHEN WRIGHT VP TECHNOLOGY & OPERATIONS 175122 0 3150 0 0 0 6673 0 23682 0 208627 0 0 0 BETH FOLLENWEIDER THRU 422 SR DIRECTOR, BUSINESS INTELLIGENCE 177159 0 1500 0 0 0 6781 0 16274 0 201714 0 0 0 DEBRA CHAMRA SR DIRECTOR OF ACCOUNTING 154655 0 11500 0 0 0 6367 0 16234 0 188756 0 0 0 ELIZABETH BERGER VP OF COMMUNICATIONS 146329 0 11500 0 0 0 5990 0 23376 0 187195 0 0 0 KASSANDRA STEPHENSON THRU 421 CHIEF MARKETING OFFICER 84018 0 0 0 91809 0 2690 0 2587 0 181104 0 0 0 VALERIE TONEY PARKER CHIEF PEOPLE OFFICER 151854 0 6599 0 0 0 0 0 4491 0 162944 0 0 0 PART I, LINE 4A KASSANDRA STEPHENSON RECEIVED A SEVERANCE PAYMENT OF $91,808.88 IN APRIL, 2021. CPM ALSO PAID $12,049 FOR COBRA INSURANCE COVERAGE. PART I, LINE 7 SOME OF THE EXECUTIVE BONUSES ARE CONTINGENT ON REACHING REVENUE AND NET EARNINGS TARGETS. BONUSES ARE APPROVED WITH DISCRETION BY THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS. A ILLINOIS FINANCE AUTHORITY 861091967 45200BRJ9 2005-10-01 22000000 FINANCE THE EXPANSION, CONSTRUCTION, RENOVATION AND EQUIPPING OF FACILITIES 0 0 0 A 22000000 1843050 7252347 256332 209321 12438950 2005 1 0 1 1 A 0 0 0 0 0 0 1 A 0 0 1 0 1 0 0 0 1 A 1 X 37 371848 FAIR MARKET VALUE 0 1 1 PART I, LINE 32B: CHICAGO PUBLIC MEDIA WORKS WITH CHARITABLE ADULT RIDES AND SERVICES (CARS) TO PROCESS CAR DONATIONS. DONORS SUBMIT THEIR VEHICLE INFORMATION ONLINE AT WBEZ.CAREASY.ORG OR WBEZ.ORG/CARS AT WHICH POINT CARS REACHES OUT TO DONORS TO OBTAIN INFORMATION TO CHANGE THE TITLE NAME. CARS IS RESPONSIBLE FOR SELLING THE DONATED VEHICLES AND FILING THE CORRESPONDING 1098-C FORMS. ONCE CASH PROCEEDS ARE COLLECTED FROM SALES, CARS KEEPS A PERCENTAGE FOR PROCESSING FEES AND REMITS THE NET AMOUNT TO CHICAGO PUBLIC MEDIA. FORM 990, PART VI, SECTION A, LINE 2 A FAMILY RELATIONSHIP EXISTS BETWEEN BOARD MEMBERS SHELI Z. ROSENBERG AND MARCY CARLIN. FORM 990, PART VI, SECTION B, LINE 11B THE INDEPENDENT ACCOUNTANTS PRESENT THE RETURN TO THE FINANCE COMMITTEE, IN CONSULTATION WITH THE CHIEF EXECUTIVE OFFICER AND THE CHIEF FINANCIAL OFFICER, BEFORE IT IS FILED WITH THE IRS. THE FINANCE COMMITTEE, THE CHIEF EXECUTIVE OFFICER AND THE CHIEF FINANCIAL OFFICER REVIEW THE RETURN. AFTER THIS REVIEW, BUT PRIOR TO FILING WITH THE IRS, THE FORM 990 WAS DISTRIBUTED TO ALL BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 12C THE STATION REQUESTS YEARLY UPDATES OF CONFLICT OF INTEREST STATEMENTS FROM EACH MEMBER OF THE BOARD OF DIRECTORS AND SENIOR STAFF. AT EACH BOARD OF DIRECTORS AND COMMITTEE MEETING, AT THE TOP OF THE AGENDA IS A REQUEST FOR DIRECTORS TO DECLARE ANY CONFLICT OF INTEREST BASED ON ANY AGENDA ITEMS TO BE DISCUSSED AT THE MEETING. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS, COMPRISED OF INDEPENDENT DIRECTORS, REVIEWED AND APPROVED THE COMPENSATION OF THE CEO AND REVIEWED THE ADEQUACY AND REASONABLENESS OF THE COMPENSATION OF THE SENIOR EXECUTIVES. THE PROCESS INCLUDED REVIEW OF A REPORT PREPARED BY AN INDEPENDENT CONSULTANT ANALYZING COMPENSATION DATA FROM COMPARABLE ORGANIZATIONS. THE ORGANIZATION HIRES AN INDEPENDENT COMPENSATION CONSULTANT TO PREPARE THE ABOVE MENTIONED REPORT ONCE EVERY TWO TO THREE YEARS. THE REPORT IS UPDATED ANNUALLY. THE DELIBERATIONS AND DECISIONS OF THE COMPENSATION COMMITTEE ARE DOCUMENTED IN THE COMPENSATION COMMITTEE'S MEETING MINUTES. THE COMPENSATION COMMITTEE MET IN AUGUST 2022 AND OCTOBER 2022 TO REVIEW CEO AND SENIOR EXECUTIVE COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 REQUESTS FOR DOCUMENTS RECEIVED BY THE PUBLIC ARE SUPPLIED FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN IRC SECTION 6104(D). IN ADDITION ON OUR WEBSITE, (WWW.WBEZ.ORG) POSTED IN THE ABOUT US SECTION, UNDER THE SUBHEADING, PUBLIC & FINANCIAL DOCUMENTS, WE HYPERLINK TO OUR AUDITED FINANCIAL STATEMENTS, FORM 990, AND VARIOUS POLICIES, INCLUDING OUR OPEN MEETINGS POLICY AND OPEN FINANCIAL RECORDS POLICY. THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF INTEREST RATE SWAP AGREEMENT 2,619,658. ACQUISITION EXPENSES -1,509,969. CPR COMMUNICATIONS SERVICES LLC 848 E GRAND AVENUE NAVY PIER CHICAGO IL 60611 262192342 PROPERTY HOLDER IL 149114 2000520 CHICAGO PUBLIC MEDIA INC MEDIA CHICAGO LLC 848 E GRAND AVENUE NAVY PIER CHICAGO IL 60611 TO INVEST IN AND DEVELOP NEW MEDIA AND OTHER PROPERTY IL 0 0 CHICAGO PUBLIC MEDIA INC CHICAGO SUN-TIMES MEDIA INC 848 E GRAND AVENUE NAVY PIER CHICAGO IL 60611 874304197 PROVIDING NEWS AND INFORMATION TO EDUCATE AND INFORM THE PUBLIC DE 501(C)(3) LINE 7 CHICAGO PUBLIC MEDIA INC 1 PODCAST MEDIA LLC 160 VARICK STREET NEW YORK NY 10013 824709326 DEVELOP AND PROMOTE AUDIO PLATFORMS DE RELATED 252358 0 1 0.30860 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 CHICAGO SUN-TIMES MEDIA INC O 427297 COST