PUBLIC BROADCASTING SERVICE

EIN: 520899215 501(c)(3) Arts, Culture & Humanities

ARLINGTON, VA

Total Revenue
$558,177,775
Total Expenses
$550,651,752
Total Assets
$654,554,638
Net Assets
$421,322,164
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1969
Legal Domicile
DC
Phone
7037395000
Tax Period
2023-07-01 to 2024-06-30

PUBLIC BROADCASTING SERVICE, founded in 1969, is a major nonprofit in the Arts, Culture & Humanities sector that reported $558.2M in total revenue in fiscal year 2023.

Mission

THE PUBLIC BROADCASTING SERVICE ( PBS) , INCORPORATED IN 1969, IS A MEMBERSHIP ORGANIZATION THAT, IN PARTNERSHIP WITH ITS MEMBER STATIONS, SERVES THE AMERICAN PUBLIC WITH PROGRAMMING AND SERVICES OF THE HIGHEST QUALITY, USING MEDIA TO EDUCATE, INSPIRE, ENTERTAIN AND EXPRESS A DIVERSITY OF PERSPECTIVES. AS AMERICA'S LARGEST CLASSROOM, PBS IS AVAILABLE TO ALL OF AMERICA'S CHILDREN AND OFFERS EDUCATIONAL MEDIA THAT HELPS PREPARE CHILDREN FOR SUCCESS IN SCHOOL AND IN LIFE. PBS IS COMMITTED TO BRINGING THE POWER OF MEDIA INTO THE CLASSROOM AND HELPING EDUCATORS TO ENGAGE STUDENTS IN NEW AND DIFFERENT WAYS. IT ALSO REPRESENTS INSTITUTIONAL AND PROGRAM PROMOTION AND PRESS EFFORTS INTENDED TO INCREASE VIEWERSHIP AND INCREASE AWARENESS OF THE VALUE OF PUBLIC TELEVISION. THESE ACTIVITIES PROVIDE PUBLIC TELEVISION STATIONS WITH A BROAD ARRAY OF PROMOTIONAL SUPPORT, INCLUDING ON-AIR AND ONLINE PROMOTIONAL SPOTS, SOCIAL MEDIA, PRINT AND RADIO ADVERTISING, PRESS SUPPORT AND THE COORDINATION OF PUBLIC TELEVISION'S EDUCATIONAL MESSAGE AND POSITIONING.

Program Service Accomplishments

Program 1
Expenses: $413,854,922 Revenue: $123,410,797

CONTENT AND PROMOTION - A CORE FUNCTION UNDER PBS' MISSION AS A MULTI-PLATFORM MEDIA ORGANIZATION AND REPRESENTS COSTS ASSOCIATED WITH THE DIVERSE CONTENT OFFERED TO ITS 150-MEMBER PUBLIC TELEVISION...

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CONTENT AND PROMOTION - A CORE FUNCTION UNDER PBS' MISSION AS A MULTI-PLATFORM MEDIA ORGANIZATION AND REPRESENTS COSTS ASSOCIATED WITH THE DIVERSE CONTENT OFFERED TO ITS 150-MEMBER PUBLIC TELEVISION LICENSEES. PBS' WIDE ARRAY OF CONTENT EXPANDS THE MINDS OF CHILDREN, INCLUDES DOCUMENTARIES THAT ENLIGHTEN THE PUBLIC ON NEW WORLDS, NON-COMMERCIALIZED NEWS PROGRAMS THAT KEEP CITIZENS INFORMED ON WORLD EVENTS AND CULTURES AND PROGRAMS THAT EXPOSE AMERICA TO THE WORLDS OF MUSIC, THEATER, DANCE, AND ART. AS AMERICA'S LARGEST CLASSROOM, PBS IS AVAILABLE TO ALL OF AMERICA'S CHILDREN AND OFFERS EDUCATIONAL MEDIA THAT HELPS PREPARE CHILDREN FOR SUCCESS IN SCHOOL AND IN LIFE. PBS IS COMMITTED TO BRINGING THE POWER OF MEDIA INTO THE CLASSROOM AND HELPING EDUCATORS TO ENGAGE STUDENTS IN NEW AND DIFFERENT WAYS. THIS EXPENSE CATEGORY ALSO REPRESENTS INSTITUTIONAL AND PROGRAM PROMOTION AND PRESS EFFORTS INTENDED TO INCREASE VIEWERSHIP AND INCREASE AWARENESS OF THE VALUE OF PUBLIC TELEVISION. THESE ACTIVITIES PROVIDE PUBLIC TELEVISION STATIONS WITH A BROAD ARRAY OF PROMOTIONAL SUPPORT, INCLUDING ON-AIR ONLINE PROMOTIONAL SPOTS, SOCIAL MEDIA, PRINT AND RADIO ADVERTISING, PRESS SUPPORT AND THE COORDINATION OF PUBLIC TELEVISION'S EDUCATIONAL MESSAGE AND POSITIONING.

Program 2
Expenses: $75,519,446 Revenue: $988,693

DISTRIBUTION AND INFORMATION TECHNOLOGY - REPRESENTS NETWORK, MEDIA, AND SATELLITE OPERATION CENTERS HANDLING, TECHNICAL EVALUATION, AND OTHER PRE-TRANSMISSION PROCESSING OF ALL PROGRAM VIDEO...

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DISTRIBUTION AND INFORMATION TECHNOLOGY - REPRESENTS NETWORK, MEDIA, AND SATELLITE OPERATION CENTERS HANDLING, TECHNICAL EVALUATION, AND OTHER PRE-TRANSMISSION PROCESSING OF ALL PROGRAM VIDEO; PROGRAM ORIGINATION TRANSMISSION INCLUDING OPERATIONAL SUPPORT FOR NEWS AND OTHER LIVE EVENT COVERAGE, AND THE SCHEDULING AND LOGGING OF ALL SATELLITE FEEDS. THIS EXPENSE CATEGORY ALSO INCLUDES OTHER TECHNICAL RESEARCH AND PLANNING, AND THE OVERSIGHT, LEASE, AND ACQUISITION OF SATELLITE CAPACITY.

Program 3
Expenses: $16,745,547 Revenue: $108,669,386

MEMBER SERVICES - REPRESENTS SERVICES PROVIDED TO PBS' MEMBER STATIONS, INCLUDING DIGITAL PRODUCTS AND SERVICES, DEVELOPMENT, AND COPYRIGHT ADMINISTRATION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $271,289,329
Program Service Revenue $230,576,120
Investment Income $10,731,693
Other Revenue $45,580,633
TOTAL REVENUE $558,177,775

Expense Breakdown

Grants Paid $7,996,432
Salaries & Benefits $106,277,996
Fundraising Expenses $170,431
Program Expenses $508,695,128
Other Expenses $436,377,324
TOTAL EXPENSES $550,651,752

Year-over-Year Comparison

2023 2022 Change
Revenue $558,177,775 $544,038,860 +0.0%
Expenses $550,651,752 $541,696,112 +0.0%
Net Income $7,526,023 $2,342,748 +2.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
27
Independent Members
26
Employees
655
Volunteers
31

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
7
$4,943,739
Total Directors
28
$1,283,131
Key Employees
3
$1,462,657
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Paula A Kerger President & CEO 32.0
Officer Director
$1,162,720 $120,411 $1,283,131
Amy Shaw Director 2.0
Director
$0 $0 $0
Catherine Robb PBS Board Vice-Chair 3.5
Director
$0 $0 $0
Chuck Hagel Director 2.0
Director
$0 $0 $0
Courtney Pledger PBS Board Vice-Chair (AS OF 09/23) 3.5
Director
$0 $0 $0
Dolores Fernandez Alonso Director 1.0
Director
$0 $0 $0
Ed Ulman Director 1.5
Director
$0 $0 $0
Franz Joachim Director 3.0
Director
$0 $0 $0
Geoff Sands Director 2.0
Director
$0 $0 $0
Greg Petrowich Director (AS OF 09/23) 1.0
Director
$0 $0 $0
Gunjan Kedia Director 3.0
Director
$0 $0 $0
Holden Thorp Director 2.0
Director
$0 $0 $0
Jayme Swain Director 3.0
Director
$0 $0 $0
Jorge Plasencia Director 1.0
Director
$0 $0 $0
Kevin Martin Director 2.0
Director
$0 $0 $0
Larry Irving PBS Board Chair 4.0
Director
$0 $0 $0
Lisa Shumate Director 2.0
Director
$0 $0 $0
Mark Contreras Director 1.0
Director
$0 $0 $0
Marvin Irby Director 3.0
Director
$0 $0 $0
Maxine Clark Director 1.0
Director
$0 $0 $0
Michael Isip Director 2.0
Director
$0 $0 $0
Mildred Garcia Director 1.5
Director
$0 $0 $0
Molly Phillips PBS Board Vice-Chair (THRU 09/23) 3.5
Director
$0 $0 $0
Rob Dunlop Director 2.0
Director
$0 $0 $0
Sandra Cordova Micek Director 2.0
Director
$0 $0 $0
Shae Hopkins Director 2.0
Director
$0 $0 $0
Tina Sharkey Director 1.0
Director
$0 $0 $0
Vivian Riefberg Director 2.0
Director
$0 $0 $0
Ira Rubenstein Chief Digital & Marketing Officer 40.0
Officer
$607,379 $88,916 $696,295
Jonathan Barzilay Chief Operating Officer 39.0
Officer
$749,457 $101,137 $850,594
Katherine S Lauderdale Chief Legal Officer & Corporate Secretary 35.0
Officer
$539,389 $83,512 $622,901
Mary L Plantamura Associate GC, Corporate Secretary & PBS Compliance Office 40.0
Officer
$256,939 $45,220 $302,159
Rhonda Holt Chief Technology Officer 40.0
Officer
$503,215 $83,405 $586,620
Tom E Tardivo Chief Financial Officer & Treasurer 35.0
Officer
$520,536 $81,503 $602,039
Sara E DeWitt SVP & GM, PBS KIDS 40.0
Key Emp
$393,454 $64,806 $458,260
Scott Nourse SVP, Product & Innovation 40.0
Key Emp
$413,994 $74,830 $488,824
Sylvia M Bugg Chief Program Exec & GM, Gen. Audiences 40.0
Key Emp
$464,820 $50,753 $515,573
Adriano Schmid VP, Digital Strategy, Ops, & Business Intel 40.0
Highest
$347,422 $31,685 $379,107
Cecilia B Loving SVP, Diversity, Equity & Inclusion 40.0
Highest
$361,563 $63,245 $424,808
Jeremy M Gaines SVP, Corporate Communications 40.0
Highest
$424,381 $74,943 $499,324
Jill D Patrone VP & Deputy General Counsel 35.0
Highest
$345,616 $58,303 $403,919
Michael D Jacobson SVP, Human Resources 40.0
Highest
$381,518 $78,489 $460,007
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 No data No data No data No data
2024 $558,177,775 $550,651,752 $654,554,638 $7,526,023
2023 $544,038,860 $541,696,112 $641,227,961 $2,342,748
2022 $542,977,687 $506,773,194 $589,216,027 $36,204,493
2021 $502,085,658 $448,645,167 $565,452,721 $53,440,491
2020 $550,502,628 $552,098,934 $494,836,049 $-1,596,306
2019 $463,343,885 $499,334,168 $471,597,021 $-35,990,283
2018 $538,918,769 $494,948,684 $498,865,753 $43,970,085
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