Corporation for Public Broadcasting

Washington, DCUnknown exempt organization EIN 13-2607374Revenue $5.2M in FY2026

On file with the IRScpb.org401 Ninth Street Nw No 200 · Washington, DC

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To facilitate development of, and ensure universal access to, non-commercial, high-quality programming and telecommunications services with non-commercial educational licensees.

91¢ of each $1 spent went to programs.
$6.2M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

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FY2026 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2026
latest Form 990
Looks good: the latest return is for FY2026, this tax year; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 7
filings with a surplus
Average deficit $16.1M a year · 3% of revenue · last 7 filings
Worth a look: a surplus in 4 of the last 7 filings.
Pt I · Ln 19 · 7 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$6.2M
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Named funders
1
named funder · $1K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5.2M
-99% vs prior year
Spent
$194.0M
To programs
91%
Net assets
$0
By yearFY2020–FY2026
Revenue
$5.2M
FY2026▼ -99%
Tap a bar for its year
Revenue by fiscal year
FY2020$570.5M
FY2021$678.6M
FY2022$510.9M
FY2023$582.0M
FY2024$640.1M
FY2025$630.8M
FY2026$5.2M
Expenses
$194.0M
FY2026▼ -71%
Tap a bar for its year
Expenses by fiscal year
FY2020$540.9M
FY2021$729.7M
FY2022$483.8M
FY2023$518.7M
FY2024$590.3M
FY2025$673.5M
FY2026$194.0M
Net assets
$0
FY2026▼ -100%
Tap a bar for its year
Net assets by fiscal year
FY2020$131.0M
FY2021$79.9M
FY2022$107.0M
FY2023$170.3M
FY2024$223.1M
FY2025$187.9M
FY2026$0

From the FY2026 Form 990 (year ending February 2026) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2026.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $177.1M Management & general 9% · $17.0M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

18 people listed on the 990; $6.2M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2025); the FY2026 filing did not itemize Part VII
Former SVP, Corp Sec & Chief of Staff
$624,227Pt VII · Sec A
Aff. & Acting Corp. Sec. (thru 11/25)
$604,530Pt VII · Sec A
Former EVP & COO
$583,561Pt VII · Sec A
SVP, Op. & Strat. (thru 12/25)
$501,536Pt VII · Sec A
EVP & COO (thru 01/26)
$467,791Pt VII · Sec A
President & CEO (thru 02/26)
$467,486Pt VII · Sec A
CTO & SVP, Info. Tech. (thru 02/26)
$451,182Pt VII · Sec A
SVP, Television Content (thru 01/26)
$422,352Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2026FY2025FY2024FY2023FY2022FY2021
Teresa Safon$624,227—$308,671$335,883$294,886$311,171
Debra Sanchez EVP Gov't Ext$604,530—————
Michael Levy$583,561$327,478$310,222$334,880$293,120$316,630
William P Tayman JR—$529,142$313,526$340,823$297,119$320,484
J Westwood Smithers JR—$527,418$308,844$332,040$287,935$311,834
Deborah Carr$501,536—————
Kathleen Merritt$467,791$257,402$248,129$244,411$225,139$210,268
Patricia De Stacy Harrison$467,486$365,572$349,465———

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Corporation for Public Broadcasting executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Funds and supports high-quality, non-commercial public television and radio programming to ensure universal access to educational and cultural content.

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2 programs · $177.1M · in their own filed words · FY2025
01

Grants and agreements that support the operations and infrastructure of the public media system - see schedule o-community service grants: these were unrestricted general operating grants made to qualified public television and radio STATIONS.-PUBLIC broadcasting interconnection system: funding was utilized to maintain and modernize…

$119.1Mprogram expense
02

Development and support of high quality new and innovative television and radio programming - see schedule O.-TELEVISION programming represented expenses for development and support of high-quality national television programming and projects with educational or cultural value that might not otherwise be supported by the…

$58.0Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$1K
Grants paid · 6,656 grants · $3.6B · 2019–2025
Public Radio International INCMN · FY2025$46,999,651
National Public Radio INCDC · FY2025$38,962,000
Public Broadcasting ServiceVA · FY2025$19,211,287
Broadcast Music INCFY2025$7,665,000
McGee Media LLCFY2025$6,000,000
WetaVA · FY2025$4,000,000
Koahnic Broadcast CorporationAK · FY2025$2,500,000
Soundexchange INCDC · FY2025$2,125,000
Public Broadcasting ServiceVA · FY2025$1,920,213
Minnesota Public RadioMN · FY2025$1,516,000
Sesame WorkshopNY · FY2025$1,500,000
Out of the Blue EnterprisesFY2025$1,500,000
Iowa PBSFY2025$1,381,735
Minnesota Public RadioMN · FY2025$1,156,279
Storycorps INCNY · FY2025$1,053,469
Wgbh Educational FoundationMA · FY2025$1,000,000
See all 6,656 grants →

By the numbers

The FY2026 990, line by line.

1The main four
Money inPt VIII
$5.2M
Ln 12
Other incomeLn 4–11$3.0M
Investment incomeLn 3$1.6M
Gifts and grantsLn 1h$631K
Money outPt IX
$194.0M
Ln 25
Programscol B$177.1M
Managementcol C$17.0M
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
18
listed · VII A
PaidVII A17
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$631K
Government grantsLn 1e$76K
Investment incomeLn 3$1.6M
Other incomeLn 4–11$3.0M
Total revenueLn 12$5.2M
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$0
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 5107
VolunteersI 60
Fiscal year endsHeaderFebruary
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY26End FY26
Cash and savingsLn 1–2$217.0M$0
InvestmentsLn 11–13$35.0M$0
Land, buildings, equipmentLn 10c$1.5M$0
Total assetsLn 16$278.0M$0
LiabilitiesLn 26$90.0M$0
Net assetsLn 32$187.9M$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$175.8M$175.8M
Pay of current officers, directors and key staffLn 5$1.2M$1.2M
Pay of disqualified personsLn 6$118K$118K
Other salaries and wagesLn 7$2.1M$53K$2.1M
Pension plan contributionsLn 8$119K$9K$110K
Other employee benefitsLn 9$6K$6K
Payroll taxesLn 10$401K$7K$393K
Legal feesLn 11b$2.2M$1.2M$1.0M
Accounting feesLn 11c$8K$8K
Other fees for servicesLn 11g$264K$264K
Advertising and promotionLn 12$617$617
Office expensesLn 13$161K$161K
Information technologyLn 14$162K$2K$159K
OccupancyLn 16$9.3M$9.3M
TravelLn 17$10K$10K
Conferences, conventions and meetingsLn 19$8K$8K
Depreciation, depletion and amortizationLn 22$1.5M$1.5M
InsuranceLn 23$610K$610K
All other expensesLn 24e$67K$67K
Total functional expensesLn 25$194.0M$177.1M$17.0M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2026 Latest Viewing $5.2M$194.0M−$188.8M$0 990 PDF
FY2025 $630.8M$673.5M−$42.7M$187.9M 990 PDF
FY2024 $640.1M$590.3M$49.8M$223.1M 990 PDF
FY2023 $582.0M$518.7M$63.3M$170.3M 990 PDF
FY2022 $510.9M$483.8M$27.1M$107.0M 990 PDF
FY2021 $678.6M$729.7M−$51.1M$79.9M 990 PDF
FY2020 $570.5M$540.9M$29.6M$131.0M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants J · Pay O · Explanations
See the full FY2026 990 (6 parts)
Part I · Summary $5,191,302 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $608,584,667$630,949
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $21,484,837$1,582,572
I-11 Other revenuePrior year $742,955$2,977,781
I-12 Total revenuePrior year $630,812,459$5,191,302
I-13 Grants and similar amounts paidPrior year $640,134,019$175,783,056
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $25,810,325$3,948,422
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $7,589,490$14,292,691
I-18 Total expensesPrior year $673,533,834$194,024,169
I-19 Revenue less expensesPrior year −$42,721,375−$188,832,867
Part VI · Governance 3 of 3 board members independent, no flags
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $5,191,302 across 8 lines filed
VIII-1d Related organizations$105,529
VIII-1e Government grants$75,575
VIII-1f All other contributions, gifts and grants$449,845
VIII-1h Total contributions, gifts and grants$630,949
VIII-3 Investment incomeExcluded from tax $1,582,572$1,582,572
VIII-5 RoyaltiesExcluded from tax $211,366$211,366
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $2,766,415$2,766,415
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $4,560,353$5,191,302
Part IX · Statement of functional expenses $194,024,169 across 19 lines filed
IX-1 Grants to domestic organizationsPrograms $175,783,056$175,783,056
IX-5 Pay of current officers, directors and key staffManagement $1,166,294$1,166,294
IX-6 Pay of disqualified personsManagement $117,850$117,850
IX-7 Other salaries and wagesPrograms $53,154 · Management $2,085,697$2,138,851
IX-8 Pension plan contributionsPrograms $9,105 · Management $109,688$118,793
IX-9 Other employee benefitsPrograms $5,952$5,952
IX-10 Payroll taxesPrograms $7,364 · Management $393,318$400,682
IX-11b Legal feesPrograms $1,197,670 · Management $1,019,501$2,217,171
IX-11c Accounting feesManagement $8,279$8,279
IX-11g Other fees for servicesManagement $264,130$264,130
IX-12 Advertising and promotionManagement $617$617
IX-13 Office expensesManagement $161,071$161,071
IX-14 Information technologyPrograms $2,266 · Management $159,394$161,660
IX-16 OccupancyManagement $9,250,093$9,250,093
IX-17 TravelManagement $9,987$9,987
IX-19 Conferences, conventions and meetingsManagement $8,106$8,106
IX-22 Depreciation, depletion and amortizationManagement $1,534,514$1,534,514
IX-23 InsuranceManagement $610,337$610,337
IX-24e All other expensesManagement $66,726$66,726
IX-25 Total functional expensesPrograms $177,058,567 · Management $16,965,602 · Fundraising $0$194,024,169
Part X · Balance sheet $0 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $1,116,569$0
X-2 Savings and temporary cash investmentsStart of year $215,863,388$0
X-3 Pledges and grants receivableStart of year $3,597,909$0
X-4 Accounts receivableStart of year $8,220,000$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $1,203,070$0
X-10c Land, buildings and equipment, netStart of year $1,534,514$0
X-11 Publicly traded securitiesStart of year $35,047,908$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $11,377,192$0
X-16 Total assetsStart of year $277,960,550$0
X-25 Other liabilitiesStart of year $14,231,326$0
X-26 Total liabilitiesStart of year $90,025,734$0
X-27 Net assets without donor restrictionsStart of year $187,934,816$0
X-32 Total net assets or fund balancesStart of year $187,934,816$0
X-33 Total liabilities and net assetsStart of year $277,960,550$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$5,191,302
XI-2 Total expenses$194,024,169
XI-3 Revenue less expenses−$188,832,867
XI-4 Net assets at start of year$187,934,816
XI-9 Other changes in net assets$898,051
XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2026 from the IRS · Classification, formation year and address from the IRS Business Master File

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