Kqed INC FY2020 filing

Tax-deductible

San Francisco, CA501(c)(3)Since 1954Arts & CultureEIN 94-1241309

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501(c)(3) charity; gifts are tax-deductible.
65¢ of each $1 spent went to programs.
$4.8M paid to officers and key staff.
Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $10.2M a year · 9% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
65%
of spending
Fine: 65% 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 · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
10 mo
of spending, in cash
Looks good: 9.6 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
$38.4M
13% of total assets
Looks good: liabilities are 13% of assets; 50% or less.
Pt X · Ln 26
Independent board members
32
of 32 voting members
Looks good: 32 of 32 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$103.4M
Spent
$92.0M
To programs
65%
Net assets
$266.4M
By yearFY2020–FY2024
Revenue
$103.4M
FY2020
Revenue by fiscal year
FY2020$103.4M
FY2021$115.9M
FY2022$109.7M
FY2023$115.1M
FY2024$108.9M
FY2024$121.0M
Expenses
$92.0M
FY2020
Expenses by fiscal year
FY2020$92.0M
FY2021$91.1M
FY2022$101.0M
FY2023$104.9M
FY2024$113.0M
FY2024$111.4M
Net assets
$266.4M
FY2020
Net assets by fiscal year
FY2020$266.4M
FY2021$310.4M
FY2022$286.4M
FY2023$305.2M
FY2024$330.9M
FY2024$350.9M

From the FY2020 Form 990 (year ending September 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 1955.

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

Where the money goes

65 cents of each dollar spent went to programs.

Program services 65% · $60.1M Management & general 13% · $12.4M Fundraising 21% · $19.5M

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 (FY2019); the FY2020 filing did not itemize Part VII
Former President and CEO
$969,044Pt VII · Sec A
President and CEO
$454,025Pt VII · Sec A
Local Marketing Director
$343,681Pt VII · Sec A
Exec Director Marketing Sponsorship
$295,573Pt VII · Sec A
Chief Content Officer
$263,216Pt VII · Sec A
Local Marketing Director
$259,914Pt VII · Sec A
Chief Financial Officer
$258,837Pt VII · Sec A
Local Marketing Director
$257,244Pt 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

NameFY2024FY2024FY2023FY2022FY2021FY2020
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.

Provided by the organization

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3 programs · $50.0M · in their own filed words · FY2019
01

Multiplatform Content

News, arts and science: see schedule o

$25.1Mprogram expense
02

Television

See schedule o

$15.9Mprogram expense
03

Fm Radio

See schedule o

$9.0Mprogram 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 FY2020 990, line by line.

1The main four
Money inPt VIII
$103.4M
Ln 12
Gifts and grantsLn 1h$82.5M
Fees for servicesLn 2g$13.4M
Investment incomeLn 3$7.0M
Money outPt IX
$92.0M
Ln 25
Programscol B$60.1M
Managementcol C$12.4M
Fundraisingcol D$19.5M
Owns and owesPt X
$266.4M
net assets · Ln 32
Cash and savingsLn 1–2$73.9M
Total assetsLn 16$304.8M
LiabilitiesLn 26$38.4M
PeoplePt VI, VII
47
listed · VII A
PaidVII A15
Voting boardVI 1a32
IndependentVI 1b32
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$82.5M
Government grantsLn 1e$7.8M
Noncash giftsLn 1g$3.9M
Fees for servicesLn 2g$13.4M
Investment incomeLn 3$7.0M
Other incomeLn 4–11$543K
Gains on assetsLn 7$2.1M
Total revenueLn 12$103.4M
Assets in detailPt X, end of year
CashLn 1$900
SavingsLn 2$73.9M
Cash and savings togetherLn 1–2$73.9M
InvestmentsLn 11–13$130.8M
Land, buildings, equipmentLn 10c$75.0M
Other assetsLn 15$46K
Total assetsLn 16$304.8M
LiabilitiesLn 26$38.4M
Net assetsLn 32$266.4M
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 FY20End FY20
Cash and savingsLn 1–2$41.5M$73.9M
InvestmentsLn 11–13$177.2M$130.8M
Land, buildings, equipmentLn 10c$36.0M$75.0M
Total assetsLn 16$278.5M$304.8M
LiabilitiesLn 26$21.4M$38.4M
Net assetsLn 32$257.1M$266.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$2.9M$566K$1.7M$566K
Pay of disqualified personsLn 6$532K$532K
Other salaries and wagesLn 7$35.8M$24.1M$4.7M$7.0M
Pension plan contributionsLn 8$1.4M$888K$255K$274K
Other employee benefitsLn 9$7.9M$5.1M$1.5M$1.4M
Payroll taxesLn 10$3.5M$2.2M$624K$670K
Legal feesLn 11b$288K$282K$6K
Accounting feesLn 11c$100K$100K
Lobbying feesLn 11d$62K$62K
Professional fundraising feesLn 11e$2.1M$2.1M
Investment management feesLn 11f$346K$346K
Other fees for servicesLn 11g$3.0M$2.2M$279K$571K
Advertising and promotionLn 12$604K$502K$11K$90K
Office expensesLn 13$5.0M$2.0M$304K$2.7M
Information technologyLn 14$2.5M$1.7M$311K$490K
RoyaltiesLn 15$100K$100K$30
OccupancyLn 16$5.1M$4.1M$445K$501K
TravelLn 17$298K$233K$26K$39K
Conferences, conventions and meetingsLn 19$48K$31K$4K$14K
InterestLn 20$42K$42K
Depreciation, depletion and amortizationLn 22$6.5M$5.3M$661K$519K
InsuranceLn 23$316K$202K$72K$42K
Other expenses (24a–d)Ln 24$13.0M$10.6M$85K$2.3M
All other expensesLn 24e$687K$279K$148K$260K
Total functional expensesLn 25$92.0M$60.1M$12.4M$19.5M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
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 Viewing $103.4M$92.0M$11.4M$266.4M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (4 parts)
Part VIII · Statement of revenue $103,418,209 across 11 lines filed
VIII-1e Government grants$7,846,751
VIII-1f All other contributions, gifts and grants$74,621,612
VIII-1g Noncash contributions (included above)$3,930,192
VIII-1h Total contributions, gifts and grants$82,468,363
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $471,338 · Unrelated business $989,422 · Excluded from tax $11,935,841$13,396,601
VIII-3 Investment incomeExcluded from tax $4,911,985$4,911,985
VIII-5 RoyaltiesExcluded from tax $50,248$50,248
VIII-6 Net rental income or lossExcluded from tax $125,849$125,849
VIII-7 Net gain or loss on sales of assetsExcluded from tax $2,098,244$2,098,244
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $366,919$366,919
VIII-12 Total revenueRelated to mission $471,338 · Unrelated business $989,422 · Excluded from tax $19,489,086$103,418,209
Part IX · Statement of functional expenses $91,988,688 across 24 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $566,364 · Management $1,722,257 · Fundraising $565,868$2,854,489
IX-6 Pay of disqualified personsManagement $531,587$531,587
IX-7 Other salaries and wagesPrograms $24,119,306 · Management $4,707,147 · Fundraising $7,001,154$35,827,607
IX-8 Pension plan contributionsPrograms $888,160 · Management $255,094 · Fundraising $273,844$1,417,098
IX-9 Other employee benefitsPrograms $5,056,259 · Management $1,460,015 · Fundraising $1,377,154$7,893,428
IX-10 Payroll taxesPrograms $2,172,161 · Management $623,880 · Fundraising $669,737$3,465,778
IX-11b Legal feesManagement $281,503 · Fundraising $6,228$287,731
IX-11c Accounting feesManagement $100,029$100,029
IX-11d Lobbying feesPrograms $61,590$61,590
IX-11e Professional fundraising feesFundraising $2,100,925$2,100,925
IX-11f Investment management feesManagement $345,683$345,683
IX-11g Other fees for servicesPrograms $2,150,937 · Management $278,838 · Fundraising $571,027$3,000,802
IX-12 Advertising and promotionPrograms $502,076 · Management $11,425 · Fundraising $90,296$603,797
IX-13 Office expensesPrograms $1,951,841 · Management $304,219 · Fundraising $2,705,342$4,961,402
IX-14 Information technologyPrograms $1,713,797 · Management $310,843 · Fundraising $489,772$2,514,412
IX-15 RoyaltiesPrograms $99,801 · Fundraising $30$99,831
IX-16 OccupancyPrograms $4,123,982 · Management $444,607 · Fundraising $500,664$5,069,253
IX-17 TravelPrograms $233,118 · Management $26,164 · Fundraising $38,871$298,153
IX-19 Conferences, conventions and meetingsPrograms $30,823 · Management $3,653 · Fundraising $13,500$47,976
IX-20 InterestManagement $41,589$41,589
IX-22 Depreciation, depletion and amortizationPrograms $5,312,328 · Management $661,468 · Fundraising $519,061$6,492,857
IX-23 InsurancePrograms $201,955 · Management $71,967 · Fundraising $41,584$315,506
IX-24 Other expenses (24a–d)Programs $10,607,663 · Management $85,148 · Fundraising $2,277,153$12,969,964
IX-24e All other expensesPrograms $279,057 · Management $147,834 · Fundraising $260,310$687,201
IX-25 Total functional expensesPrograms $60,071,218 · Management $12,414,950 · Fundraising $19,502,520$91,988,688
Part X · Balance sheet $304,837,195 assets, 21 lines filed
X-1 Cash, non-interest-bearingStart of year $900$900
X-2 Savings and temporary cash investmentsStart of year $41,481,109$73,945,731
X-3 Pledges and grants receivableStart of year $15,725,639$14,763,825
X-4 Accounts receivableStart of year $3,240,203$4,542,971
X-8 Inventories for sale or useStart of year $272,984$308,140
X-9 Prepaid expenses and deferred chargesStart of year $2,522,289$3,476,347
X-10c Land, buildings and equipment, netStart of year $36,009,991$75,002,701
X-11 Publicly traded securitiesStart of year $176,668,310$130,346,371
X-12 Other securitiesStart of year $538,168$489,882
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $2,000,207$1,914,134
X-15 Other assetsStart of year $59,273$46,193
X-16 Total assetsStart of year $278,519,073$304,837,195
X-17 Accounts payable and accrued expensesStart of year $12,493,853$21,586,419
X-19 Deferred revenueStart of year $426,684$711,772
X-25 Other liabilitiesStart of year $8,451,943$16,127,703
X-26 Total liabilitiesStart of year $21,372,480$38,425,894
X-27 Net assets without donor restrictionsStart of year $187,048,430$195,463,490
X-28 Net assets with donor restrictionsStart of year $70,098,163$70,947,811
X-32 Total net assets or fund balancesStart of year $257,146,593$266,411,301
X-33 Total liabilities and net assetsStart of year $278,519,073$304,837,195
Part XI · Reconciliation of net assets $266,411,301 net assets at year end
XI-1 Total revenue$103,418,209
XI-2 Total expenses$91,988,688
XI-3 Revenue less expenses$11,429,521
XI-4 Net assets at start of year$257,146,593
XI-5 Net unrealized gains (losses) on investments−$2,162,329
XI-6 Donated services and use of facilities−$2,485
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$266,411,301

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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