Wqed Multimedia EIN 25-1010296

Wqed Multimedia

EIN  25-1010296 Public charity (501(c)(3)) Pittsburgh, PA Founded 1953
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 7/20/26 · see original filing: IRS
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until Wqed Multimedia claims this page.

Know this organization? Claim it to add your story

Size
$10–100M
What they do
Creates and shares public media to educate, entertain, and inspire.
Leadership
Deborah L Acklin · Former Officer · $179K
Money in and out
$13.2M revenue, $13.7M expenses
Bottom line
61% program efficiency

Creates and shares public media to educate, entertain, and inspire. For fiscal year 2024 it reported $13.2M in revenue, $13.7M in expenses, and $24.7M in net assets.Pt I

Where the money goes · FY2024
Total revenue
$13.2M
Pt VIII · Ln 12
Total expenses
$13.7M
Pt IX · Ln 25
Net assets
$24.7M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$491K
Where spending went · Part IX cols B–D
Program services $0.61 Management & general $0.17 Fundraising $0.22
Program efficiency
61%
of spending reaches programs▼ -3% vs prior filing year
Operating runway
17.5mo
months of highly liquid reserves at operating expense rate▲ +8% vs prior filing year
Surplus margin
-4%
revenue over expenses, this year▲ +22% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$13.2M
FY2024▲ +3%
Expenses
$13.7M
FY2024▲ +2%
Total assets
$26.7M
FY2024▲ +6%
Total liabilities
$2.0M
FY2024▼ -9%
Total revenue
$13.2M
Pt VIII · Ln 12
Total expenses
$13.7M
Pt IX · Ln 25
Net assets
$24.7M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$491K
Total assetsPt X · Ln 16$26.7M
Program-expense ratioPt IX · col B61%
Voting members of governing bodyPt I · Ln 323
Independent voting membersPt I · Ln 422
Mission & Programs · Part III

Where the work happens

3 program services account for $8.4M of program spending, described in the organization's own filed words · FY2023.
01

Television

Wqed multimedia operates five linear television channels: wqed-tv (PBS), wqed world, wqed create, wqed showcase, and PBS KIDS.IN FY24, wqed created and distributed more than 100 original productions, including several signature documentaries such as "beyond the canvas: the carnegie international," "hope and healing: the children's…

$5.3Mprogram expense
02

Education

Wqed's learning neighborhoods bring together schools, libraries, families, and community organizations to provide educational enrichment and opportunities for connection. By fostering collaboration, we build vital bridges that support children and families, strengthening entire COMMUNITIES.**SEE schedule o for continuation**in FY24, wqed…

$2.0Mprogram expense
03

Radio

Wqed multimedia operates classical wqed-fm 89.3/PITTSBURGH, simulcast on wqej-fm 89.7/JOHNSTOWN, along with the pittsburgh concert channel, a 24/7 HD radio station featuring complete concerts by the pittsburgh symphony orchestra.

$1.2Mprogram expense

Run this program? Claim this org to tell your story

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CWqed Multimedia
EINHdr · item D25-1010296
Principal addressHdr · item CPittsburgh, PA
WebsiteHdr · item Jwww.wqed.org
Year of formationHdr · item L1953
State of legal domicileHdr · item MPA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A300)
Ruling yearIRS BMFNov 1954

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a23
Independent voting membersPt VI · Ln 1b22
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Former Officer
$179,094Pt VII · Sec A
Financial Officer (exit 01/12/24)
$177,589Pt VII · Sec A
Former Officer
$147,859Pt VII · Sec A
President & CEO
$140,934Pt VII · Sec A
$135,377Pt VII · Sec A
Managing Dir. of Community
$107,893Pt VII · Sec A
Director
$0Pt VII · Sec A
Director (exit 08/01/24)
$0Pt VII · Sec A

Deborah L Acklin’s $179K as Former Officer is at the 12th percentile of top reported officer pay among 749 $10–100M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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

NameFY2024FY2023FY2022FY2021FY2020
Deborah L Acklin$179,094$232,211$289,954$296,222$259,545
Darryl Ford-Williams$179,699$161,119
Mike Waruszewski Chief$177,589
Lilli Mosco Exit 090523$174,900
Lilli Mosco$147,859$159,940$168,284$157,348
Mike Waruszewski$166,247$140,611$134,436$118,066
Jason Jedlinski$140,934
Richard Sebak$135,377$131,416$124,992$128,050$122,228

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 Wqed Multimedia executive salaries →

Are you one of these people? Claim this org to confirm your role

Statement of Revenue

Part VIII
Contributions & grants$9.3M · 71%
Program service revenue$1.5M · 11%
Investment income$1.4M · 11%
Other revenue$1.0M · 8%
Contributions & grants71%$9.3M
Program service revenue11%$1.5M
Investment income11%$1.4M
Other revenue8%$1.0M
— government grantsLn 1e$2.9M
Total revenueLn 12$13.2M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.61 Management & general $0.17 Fundraising $0.22
Program services61%$8.4M
Management & general17%$2.3M
Fundraising22%$3.0M
Total functional expensesLn 25$13.7M

Balance Sheet

Part X · end of year
CashLn 1$1.6M
Total assetsLn 16$26.7M
Total liabilitiesLn 26$2.0M
Total net assetsLn 32$24.7M
Months of cash on handcomputed1.4

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $20.0M · Operating expenses/yr $13.7M
17.5 months
Where the money goes
Program services
Program services $8.4M · Total expenses $13.7M
61%
Management & General
Management & general $2.3M · Total expenses $13.7M
17%
Fundraising
Fundraising $3.0M · Total expenses $13.7M
22%
Cost to raise $1
Fundraising expense (3-yr avg) $2.7M · Solicited contributions (3-yr avg) $6.7M
$0.41 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $9.3M · Total revenue $13.2M
71%
Government reliance
Government grants $2.9M · Total revenue $13.2M
22%
Earned-income share
Program service revenue $1.5M · Total revenue $13.2M
11%
Investment reliance
Investment income $1.4M · Total revenue $13.2M
+11%
Program self-sufficiency
Program service revenue $1.5M · Total expenses $13.7M
11%
Growth & trend
Revenue growth (YoY)
This year $13.2M · Prior year $12.8M
+3%
Revenue CAGR
FY2019 $12.0M · FY2023 $13.2M
+3%
Net-asset trend (YoY)
End of year $24.7M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $13.2M · Expenses $13.7M
-4%
Liabilities-to-Assets
Total liabilities — · Total assets $26.7M
Net-asset ratio
Net assets $24.7M · Total assets $26.7M
93%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $18.5M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $26.7M
69%
People & payroll
Highest Reported Total Compensation
Individual Mike Waruszewski Chief · Reported title FINANCIAL OFFICER (EXIT 01/12/24) · Highest reported compensation $178K · Total expenses $13.7M
1%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $6.5M · Total expenses $13.7M
47%
Fundraising vendors
Fundraiser cost ratio
Paid to fundraisers $1.3M · Gross raised $2.8M
46%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 61%
Overhead ratio 17%
Fundraising cost ratio 32%
Revenue growth 3%
Legal fee ratio 1%
Accounting fee ratio 1%
Fundraising fee ratio 10%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$45K

Similar Organizations

Closest in mission — by what they do
See all organizations like Wqed Multimedia →

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$13.2M revenue · viewing · ⤓ 990 PDF
FY2023$12.8M revenue · ⤓ 990 PDF
FY2022$13.5M revenue · ⤓ 990 PDF
FY2021$15.9M revenue · ⤓ 990 PDF
FY2020$12.0M revenue · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.