NORTHERN MINNESOTA PUBLIC TELEVISION INC

EIN: 411265701 501(c)(3) Arts, Culture & Humanities

BEMIDJI, MN

Total Revenue
$3,521,148
Total Expenses
$2,837,113
Total Assets
$6,916,251
Net Assets
$6,654,407
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1970
Legal Domicile
MN
Principal Officer
JEFF HANKS
Phone
2187513407
Tax Period
2024-10-01 to 2025-09-30

NORTHERN MINNESOTA PUBLIC TELEVISION INC, founded in 1970, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.5M in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. The organization ran a surplus of $684K, a strong 19% operating margin.

Mission

LAKELAND PBS' MISSION IS TO EDUCATE, ENTERTAIN, ENRICH AND ENLIGHTEN OUR "COMMUNITY" WITH THE PROGRAMMING WE PRODUCE RIGHT HERE IN NORTHERN MINNESOTA AND THE NATIONALLY AVAILABLE PROGRAMMING WE CHOOSE TO AIR ON OUR CHANNELS. LAKELAND PBS' VISION IS TO BE THE PREMIER, TRUSTED, INDISPENSABLE PUBLIC MEDIA RESOURCE FOR THE REGION. WE STRIVE TO EMPOWER CITIZENS WHILE SERVING AND CONNECTING THE DIVERSE COMMUNITIES ACROSS OUR BROADCAST REGION

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,934,962
Program Service Revenue $28,306
Investment Income $459,228
Other Revenue $98,652
TOTAL REVENUE $3,521,148

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,442,201
Fundraising Expenses $351,841
Program Expenses $2,058,825
Other Expenses $1,394,912
TOTAL EXPENSES $2,837,113

Year-over-Year Comparison

2024 2023 Change
Revenue $3,521,148 $2,698,916 +0.3%
Expenses $2,837,113 $2,744,434 +0.0%
Net Income $684,035 $-45,518 -16.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
15
Employees
42
Volunteers
40

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$110,686
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEVE BERRY CHAIR 1.00
Officer Director
$0 $0 $0
LAINE LARSON VICE CHAIR 1.00
Officer Director
$0 $0 $0
BRENT GISH TREASURER 1.00
Officer Director
$0 $0 $0
KIM WILLIAMS SECRETARY 1.00
Officer Director
$0 $0 $0
TRAVIS ANNETTE BOARD MEMBER 1.00
Director
$0 $0 $0
BRETT SEVERSON BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN WARD BOARD MEMBER 1.00
Director
$0 $0 $0
RICK BEESON BOARD MEMBER 1.00
Director
$0 $0 $0
WILLIAM HICKEY BOARD MEMBER 1.00
Director
$0 $0 $0
CARL YUDELL BOARD MEMBER 1.00
Director
$0 $0 $0
ERIK SPEER BOARD MEMBER 1.00
Director
$0 $0 $0
BETH PASSI BOARD MEMBER 1.00
Director
$0 $0 $0
MIKE SMITH BOARD MEMBER 1.00
Director
$0 $0 $0
PAUL PETERSON BOARD MEMBER 1.00
Director
$0 $0 $0
JON FIELDS BOARD MEMBER 1.00
Director
$0 $0 $0
JEFF HANKS CEO 40.00
Officer
$92,668 $18,018 $110,686
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $3,521,148 $2,837,113 $6,916,251 $684,035
2024 $2,698,916 $2,744,434 $6,596,579 $-45,518
2023 $2,927,531 $2,718,377 $6,344,000 $209,154
2022 $2,897,865 $2,757,954 $6,227,659 $139,911
2021 $3,000,302 $2,565,375 $6,053,232 $434,927
2020 $2,776,018 $2,477,861 $5,593,779 $298,157
2019 $2,540,784 $2,606,318 $5,157,940 $-65,534
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