501(c)(3) charity; gifts are tax-deductible.
68¢ of each $1 spent went to programs.
Run by 982 volunteers and 577 employees.
Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $10.1M a year · 9% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
68%
of spending
Fine: 68% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$4.8M
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
4 mo
of spending, in cash
Plus $223.2M in investments, Pt X · Ln 11–13
Looks good: 4.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
43
named funders · $523K
Looks good: 43 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$29.7M
8% of total assets
Looks good: liabilities are 8% of assets; 50% or less.
Pt X · Ln 26
Independent board members
30
of 30 voting members
Looks good: 30 of 30 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$121.0M
+11% vs prior year
Spent
$111.4M
To programs
68%
Net assets
$350.9M
By yearFY2020–FY2025
Revenue
$121.0M
FY2025▲ +11%
Tap a bar for its year
Revenue by fiscal year
FY2020$103.4M
FY2021$115.9M
FY2022$109.7M
FY2023$115.1M
FY2024$108.9M
FY2025$121.0M
Expenses
$111.4M
FY2025▼ -1%
Tap a bar for its year
Expenses by fiscal year
FY2020$92.0M
FY2021$91.1M
FY2022$101.0M
FY2023$104.9M
FY2024$113.0M
FY2025$111.4M
Net assets
$350.9M
FY2025▲ +6%
Tap a bar for its year
Net assets by fiscal year
FY2020$266.4M
FY2021$310.4M
FY2022$286.4M
FY2023$305.2M
FY2024$330.9M
FY2025$350.9M

From the FY2025 Form 990 (year ending September 2025) · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1955.

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

Where the money goes

68 cents of each dollar spent went to programs.

Program services 68% · $75.5M Management & general 14% · $15.1M Fundraising 19% · $20.8M

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

47 people listed on the 990; $4.8M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
President and CEO
$542,294Pt VII · Sec A
Chief Operations & Admin. Officer
$320,852Pt VII · Sec A
Chief Financial Officer
$314,255Pt VII · Sec A
Chief Revenue Officer
$311,375Pt VII · Sec A
Chief Content Officer (thru 06/2025)
$304,759Pt VII · Sec A
VP, Corporate Sponsorship
$300,433Pt VII · Sec A
Chief Product Officer
$281,145Pt VII · Sec A
Local Marketing Director
$280,767Pt VII · Sec A

Michael Isip’s $542K as President and CEO is at the 26th percentile of top reported officer pay among 53 $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

NameFY2025FY2024FY2023FY2022FY2021FY2020
John Boland—————$969,044
Michael Isip$542,294$510,301$533,150$501,382$469,376$454,025
Sarah Sawyer$240,763$277,225$315,181$304,158$316,209$343,681
Maria Miller$320,852$311,088$313,185$281,373$269,546$255,812
Michael Black$300,433$268,646$319,947$243,683—$295,573
Delinda Mrowka$311,375$302,354$314,352$282,137$271,976$253,096
David Boutry$314,255$272,836$80,952———
Elizabeth Seirmarco$280,767$215,186$269,084—$310,852$259,914

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 Kqed INC 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

Broadcasts news, public affairs, and cultural programs via radio and other platforms to inform and inspire Bay Area communities.

Questions for Kqed INC

Tap to ask. Kqed INC sees how many people are interested.

Your first name shows with your question. Kqed INC answers here, for everyone.

Provided by the organization

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3 programs · $61.1M · in their own filed words · FY2024
01

Multiplatform Content

News, arts and science: see schedule okqed's content teams develop news and programming that complements distributed content from our national media partners, including NPR and PBS. Focusing on regional news, arts & culture, education and science, kqed develops coverage and content for distribution across our radio and television…

$32.2Mprogram expense
02

Television

See schedule okqed 9 and kqed plus are among the nation's most-watched public television stations with an average of approximately 470,000 weekly viewers in the san francisco-oakland-san jose market.

$18.8Mprogram expense
03

Fm Radio

See schedule okqed public radio is among the most-listened-to public radio stations in the nation, with an average of nearly 700,000 weekly radio listeners in the san francisco metro survey AREA.KQED owns and operates kqed public radio 88.5 FM san francisco and 89.3 FM sacramento.

$10.2Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2025
See all 43 funders →

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$121.0M
Ln 12
Gifts and grantsLn 1h$98.8M
Fees for servicesLn 2g$12.4M
Investment incomeLn 3$8.7M
Money outPt IX
$111.4M
Ln 25
Programscol B$75.5M
Managementcol C$15.1M
Fundraisingcol D$20.8M
Owns and owesPt X
$350.9M
net assets · Ln 32
Cash and savingsLn 1–2$40.5M
Total assetsLn 16$380.6M
LiabilitiesLn 26$29.7M
PeoplePt VI, VII
47
listed · VII A
PaidVII A17
Voting boardVI 1a30
IndependentVI 1b30
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$98.8M
Government grantsLn 1e$8.2M
Noncash giftsLn 1g$5.3M
Fees for servicesLn 2g$12.4M
Investment incomeLn 3$8.7M
Other incomeLn 4–11$1.1M
Gains on assetsLn 7$2.2M
Total revenueLn 12$121.0M
Assets in detailPt X, end of year
CashLn 1$900
SavingsLn 2$40.5M
Cash and savings togetherLn 1–2$40.5M
InvestmentsLn 11–13$223.2M
Land, buildings, equipmentLn 10c$93.9M
Other assetsLn 15$6.8M
Total assetsLn 16$380.6M
LiabilitiesLn 26$29.7M
Net assetsLn 32$350.9M
OperationsPt I, VI
EmployeesI 5577
VolunteersI 6982
Fiscal year endsHeaderSeptember
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 FY25End FY25
Cash and savingsLn 1–2$31.3M$40.5M
InvestmentsLn 11–13$205.9M$223.2M
Land, buildings, equipmentLn 10c$99.6M$93.9M
Total assetsLn 16$357.0M$380.6M
LiabilitiesLn 26$26.1M$29.7M
Net assetsLn 32$330.9M$350.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$4.2M$820K$2.2M$1.2M
Pay of disqualified personsLn 6$46K$46K
Other salaries and wagesLn 7$47.8M$33.3M$6.6M$7.9M
Pension plan contributionsLn 8$1.2M$787K$211K$216K
Other employee benefitsLn 9$6.3M$4.2M$1.0M$1.1M
Payroll taxesLn 10$4.3M$2.8M$743K$757K
Legal feesLn 11b$317K$10K$289K$18K
Accounting feesLn 11c$188K$188K
Lobbying feesLn 11d$81K$81K
Professional fundraising feesLn 11e$861K$861K
Investment management feesLn 11f$420K$420K
Other fees for servicesLn 11g$4.6M$3.1M$843K$646K
Advertising and promotionLn 12$1.8M$1.3M$346$501K
Office expensesLn 13$7.4M$2.1M$554K$4.8M
Information technologyLn 14$4.3M$3.0M$610K$711K
RoyaltiesLn 15$92K$92K
OccupancyLn 16$4.2M$3.6M$291K$279K
TravelLn 17$509K$407K$35K$67K
Conferences, conventions and meetingsLn 19$76K$49K$11K$16K
InterestLn 20$6K$6K
Depreciation, depletion and amortizationLn 22$8.0M$6.5M$673K$791K
InsuranceLn 23$413K$285K$67K$60K
Other expenses (24a–d)Ln 24$13.7M$13.1M$149K$494K
All other expensesLn 24e$633K$75K$117K$440K
Total functional expensesLn 25$111.4M$75.5M$15.1M$20.8M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $121.0M$111.4M$9.6M$350.9M 990 PDF
FY2024 $108.9M$113.0M−$4.1M$330.9M 990 PDF
FY2023 $115.1M$104.9M$10.2M$305.2M 990 PDF
FY2022 $109.7M$101.0M$8.7M$286.4M 990 PDF
FY2021 $115.9M$91.1M$24.8M$310.4M 990 PDF
FY2020 $103.4M$92.0M$11.4M$266.4M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash J · Pay O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $120,989,783 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $85,781,746$98,776,177
I-9 Program service revenuePrior year $14,523,905$12,386,514
I-10 Investment incomePrior year $7,826,415$8,721,532
I-11 Other revenuePrior year $813,698$1,105,560
I-12 Total revenuePrior year $108,945,764$120,989,783
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $63,652,803$63,814,016
I-16a Professional fundraising feesPrior year $748,513$860,733
I-17 Other expensesPrior year $48,615,453$46,693,913
I-18 Total expensesPrior year $113,016,769$111,368,662
I-19 Revenue less expensesPrior year −$4,071,005$9,621,121
Part VI · Governance 30 of 30 board members independent, no flags
VI-1a Voting members of the governing body30
VI-1b Independent voting members30
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 $120,989,783 across 11 lines filed
Lines not itemized here account for $164,428 of total revenue; see the IRS return.
VIII-1e Government grants$8,164,739
VIII-1f All other contributions, gifts and grants$90,611,438
VIII-1g Noncash contributions (included above)$5,272,078
VIII-1h Total contributions, gifts and grants$98,776,177
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $394,714 · Unrelated business $5,623,829 · Excluded from tax $6,367,971$12,386,514
VIII-3 Investment incomeUnrelated business −$178 · Excluded from tax $6,530,166$6,529,988
VIII-5 RoyaltiesExcluded from tax $56,759$56,759
VIII-6 Net rental income or lossUnrelated business $56,629 · Excluded from tax $403,026$459,655
VIII-7 Net gain or loss on sales of assetsExcluded from tax $2,191,544$2,191,544
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $107,131 · Excluded from tax $317,587$424,718
VIII-12 Total revenueRelated to mission $394,714 · Unrelated business $5,795,508 · Excluded from tax $16,023,384$120,989,783
Part IX · Statement of functional expenses $111,368,662 across 24 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $819,990 · Management $2,238,690 · Fundraising $1,177,734$4,236,414
IX-6 Pay of disqualified personsManagement $45,865$45,865
IX-7 Other salaries and wagesPrograms $33,261,071 · Management $6,638,505 · Fundraising $7,895,631$47,795,207
IX-8 Pension plan contributionsPrograms $786,612 · Management $211,445 · Fundraising $215,598$1,213,655
IX-9 Other employee benefitsPrograms $4,183,490 · Management $1,005,540 · Fundraising $1,070,243$6,259,273
IX-10 Payroll taxesPrograms $2,763,390 · Management $742,811 · Fundraising $757,401$4,263,602
IX-11b Legal feesPrograms $9,743 · Management $288,576 · Fundraising $18,219$316,538
IX-11c Accounting feesManagement $188,135$188,135
IX-11d Lobbying feesPrograms $81,250$81,250
IX-11e Professional fundraising feesFundraising $860,733$860,733
IX-11f Investment management feesManagement $419,945$419,945
IX-11g Other fees for servicesPrograms $3,146,490 · Management $843,229 · Fundraising $645,932$4,635,651
IX-12 Advertising and promotionPrograms $1,275,887 · Management $346 · Fundraising $501,175$1,777,408
IX-13 Office expensesPrograms $2,054,106 · Management $553,601 · Fundraising $4,761,113$7,368,820
IX-14 Information technologyPrograms $2,975,461 · Management $609,517 · Fundraising $710,932$4,295,910
IX-15 RoyaltiesPrograms $92,077$92,077
IX-16 OccupancyPrograms $3,639,704 · Management $291,317 · Fundraising $278,669$4,209,690
IX-17 TravelPrograms $406,620 · Management $35,167 · Fundraising $67,183$508,970
IX-19 Conferences, conventions and meetingsPrograms $49,270 · Management $10,550 · Fundraising $15,837$75,657
IX-20 InterestManagement $6,481$6,481
IX-22 Depreciation, depletion and amortizationPrograms $6,510,441 · Management $672,754 · Fundraising $791,369$7,974,564
IX-23 InsurancePrograms $285,204 · Management $67,293 · Fundraising $60,043$412,540
IX-24 Other expenses (24a–d)Programs $13,054,642 · Management $148,505 · Fundraising $494,361$13,697,508
IX-24e All other expensesPrograms $75,483 · Management $116,946 · Fundraising $440,340$632,769
IX-25 Total functional expensesPrograms $75,470,931 · Management $15,135,218 · Fundraising $20,762,513$111,368,662
Part X · Balance sheet $380,642,165 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $900$900
X-2 Savings and temporary cash investmentsStart of year $31,323,771$40,457,015
X-3 Pledges and grants receivableStart of year $7,486,828$7,946,354
X-4 Accounts receivableStart of year $4,427,057$3,851,202
X-8 Inventories for sale or useStart of year $161,181$51,800
X-9 Prepaid expenses and deferred chargesStart of year $3,272,162$2,961,723
X-10c Land, buildings and equipment, netStart of year $99,641,009$93,936,138
X-11 Publicly traded securitiesStart of year $205,936,737$223,176,728
X-14 Intangible assetsStart of year $1,582,644$1,495,122
X-15 Other assetsStart of year $3,205,750$6,765,183
X-16 Total assetsStart of year $357,038,039$380,642,165
X-17 Accounts payable and accrued expensesStart of year $12,450,324$12,336,377
X-19 Deferred revenueStart of year $707,149$720,080
X-25 Other liabilitiesStart of year $12,992,146$16,692,466
X-26 Total liabilitiesStart of year $26,149,619$29,748,923
X-27 Net assets without donor restrictionsStart of year $278,953,822$300,692,513
X-28 Net assets with donor restrictionsStart of year $51,934,598$50,200,729
X-32 Total net assets or fund balancesStart of year $330,888,420$350,893,242
X-33 Total liabilities and net assetsStart of year $357,038,039$380,642,165
Part XI · Reconciliation of net assets $350,893,242 net assets at year end
XI-1 Total revenue$120,989,783
XI-2 Total expenses$111,368,662
XI-3 Revenue less expenses$9,621,121
XI-4 Net assets at start of year$330,888,420
XI-5 Net unrealized gains (losses) on investments$10,243,157
XI-6 Donated services and use of facilities$140,544
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$350,893,242

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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