KQED INC

EIN: 941241309 501(c)(3) Arts, Culture & Humanities

SAN FRANCISCO, CA

Total Revenue
$108,945,764
Total Expenses
$113,016,769
Total Assets
$357,038,039
Net Assets
$330,888,420
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Financial Trends

Organization Details

Formation Year
1954
Legal Domicile
CA
Principal Officer
MICHAEL ISIP
Phone
4158642000
Tax Period
2023-10-01 to 2024-09-30

KQED INC, founded in 1954, is a major nonprofit in the Arts, Culture & Humanities sector that reported $108.9M in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year. Net assets of $330.9M represent 36 months of operating reserves.

Mission

KQED SERVES THE PEOPLE OF NORTHERN CALIFORNIA WITH A COMMUNITY-SUPPORTED ALTERNATIVE TO COMMERCIAL MEDIA, PROVIDING THE KNOWLEDGE NEEDED TO MAKE INFORMED DECISIONS; CONVENING COMMUNITY DIALOGUE; BRINGING THE ARTS TO EVERYONE; AND ENGAGING AUDIENCES TO SHARE THEIR STORIES. KQED HELPS STUDENTS AND TEACHERS THRIVE IN 21ST-CENTURY CLASSROOMS AND TAKES PEOPLE OF ALL AGES ON JOURNEYS OF EXPLORATION EXPOSING THEM TO NEW PEOPLE, PLACES AND IDEAS.KQED'S VISIONWE ARE PRODUCING A POWERFUL, SHARED SENSE OF PLACE FOR THE BAY AREA, THROUGH TRUSTWORTHY INFORMATION, MEANINGFUL LOCAL EXPERIENCES AND IMPACTFUL STORYTELLING.

Program Service Accomplishments

Program 1
Expenses: $34,366,913 Revenue: $3,645,954

MULTIPLATFORM CONTENT - NEWS, ARTS AND SCIENCE: SEE SCHEDULE OKQED'S MULTIDISCIPLINARY CONTENT TEAMS - FOCUSING ON NEWS, ARTS & CULTURE, EDUCATION AND SCIENCE - WORK TO EXPAND REGIONAL COVERAGE AND...

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MULTIPLATFORM CONTENT - NEWS, ARTS AND SCIENCE: SEE SCHEDULE OKQED'S MULTIDISCIPLINARY CONTENT TEAMS - FOCUSING ON NEWS, ARTS & CULTURE, EDUCATION AND SCIENCE - WORK TO EXPAND REGIONAL COVERAGE AND ENSURE THAT OUR CONTENT IS AVAILABLE VIA WEBSITE, MOBILE, SOCIAL AND OTHER DIGITAL MEDIA AS WELL AS ON RADIO AND TELEVISION.DURING A CRITICAL ELECTION YEAR, KQED PROVIDED MULTIPLATFORM RESOURCES FOR SAN FRANCISCO BAY AREA VOTERS, INCLUDING AN EXPANDED DIGITAL VOTER GUIDE IN BOTH ENGLISH AND SPANISH; INFORMATIVE PODCASTS SUCH AS POLITICAL BREAKDOWN AND BAY CURIOUS THAT DISCUSSED EACH OF THE PROPOSITIONS ON CALIFORNIA BALLOTS; IN-PERSON EVENTS SUCH AS THE SAN FRANCISCO MAYORAL DEBATE, WHICH WAS BROADCAST ON TELEVISION, RADIO AND VIA DIGITAL LIVESTREAM; IN-DEPTH RADIO, WEB ARTICLES AND SOCIAL MEDIA COVERAGE. IN APRIL 2024, KQED PARTNERED WITH PBS NEWS HOUR TO HOLD THE FIRST-EVER REFRAME FESTIVAL, AN EVENT THAT EMPHASIZED THE VALUE OF REFRAMING PERSPECTIVES AND PROVIDED A SPACE WHERE PIONEERING THOUGHT MET DISCERNING JOURNALISM. THE SOLD-OUT EVENT WAS VIA LIVESTREAM AT KQED.ORG AND A BROADCAST OF HIGHLIGHTS AIRED ON KQED 9, MAKING THE PROGRAM MORE WIDELY AVAILABLE TO THE COMMUNITY.IN FY24, KQED VIDEO PRODUCTIONS INCLUDED THE DEBUT OF BEYOND THE MENU, A DIGITAL VIDEO SERIES THAT TRACES THE ORIGINS OF INTERNATIONAL FOODS AND FEATURES INDIVIDUALS AND CULTURES THAT MAKE THE BAY AREA A GLOBAL CULINARY DESTINATION. THE SERIES REACHED MORE THAN 2 MILLION VIEWS ACROSS VIEWING PLATFORMS AND SOCIAL MEDIA AND WON AN SPJ NORCAL EXCELLENCE IN JOURNALISM AWARD. ADDITIONALLY, IN FY24, KQED VIDEO PRODUCTS ALSO INCLUDED JACQUES PEPIN'S COOKING AT HOME (ACQUIRED CONTENT PROGRAMMED ON OUR YOUTUBE CHANNEL); JACQUES PEPIN CELEBRATES; ASK JACQUES, A LIMITED-RUN VERTICAL VIDEO SERIES CO-PRODUCED WITH THE JACQUES PEPIN FOUNDATION; NO CRUMBS, KQED'S FIRST VIDEO SERIES FILMED IN A VERTICAL FORMAT OPTIMIZED FOR VIEWING ON MOBILE PHONES ACROSS SOCIAL PLATFORMS POPULAR WITH GEN-Z AUDIENCES; AND DEEP LOOK FAN FAVORITES, A PROGRAM FOCUSING ON THE MOST POPULAR EPISODES FROM THE DEEP LOOK SERIES THAT HIGHLIGHTS NATURE'S TINIEST CREATURES. KQED LIVE EVENTS ARE ALSO SHARED ON THE KQED YOUTUBE CHANNEL. KQED SUPPORTED A SUITE OF ORIGINAL PODCASTS, INCLUDING THE SECOND SEASON OF ON OUR WATCH, AN AWARD-WINNING SERIES THAT INVESTIGATES ALLEGATIONS OF ABUSE AND CORRUPTION IN CALIFORNIA STATE PRISON SACRAMENTO. KQED ALSO CONTINUED TO PRODUCE ORIGINAL PODCASTS, INCLUDING POLITICAL BREAKDOWN, A SERIES THAT EXAMINES NATIONAL POLITICS THROUGH A CALIFORNIA LENS; THE BAY, A LOCAL NEWS PODCAST PUBLISHED THREE TIMES EACH WEEK; BAY CURIOUS, A WEEKLY PODCAST EXPLORING SOME OF THE BAY AREA'S UNDER-EXAMINED CURIOSITIES; AND MINDSHIFT, WHICH EXPLORES INNOVATION IN EDUCATION. ADDITIONALLY, KQED SUPPORTED PRODUCTION OF SNAP JUDGMENT AND SPOOKED FROM SNAP STUDIOS, WHICH RECEIVE MORE THAN A MILLION WEEKLY LISTENERS. IN FY24, MULTIDISCIPLINARY CONTENT TEAMS COLLABORATED WITH THE KQED LIVE EVENTS TEAM ON A TOTAL OF 60 IN-PERSON EVENTS, FEATURING MORE THAN 341 INDIVIDUAL BAY AREA COMMUNITY VOICES (SPEAKERS, PERFORMERS, INSTRUCTORS AND MORE) ONSTAGE. THESE EVENTS SAW A TOTAL OF 19,048 IN-PERSON ATTENDEES AND MORE THAN 30,000 LIVESTREAM VIEWS ONLINE. SOME HIGHLIGHTS FROM OUR FY24 EVENT SERIES INCLUDED BUILDING COMMUNITY THROUGH FUN WITH VIVA PARKS SAN JOSE, A FAMILY-FRIENDLY SUMMER GATHERING; BLACK HISTORY MONTH DANCE PARTY; LIVING TRADITIONS: LUNAR NEW YEAR, A CELEBRATION WITH INTERACTIVE ARTS AND CULTURAL FOODS; AND SNAP JUDGMENT PRESENTS SPOOKED LIVE, AN ONSTAGE PRESENTATION OF THE POPULAR PODCAST

Program 2
Expenses: $18,887,284 Revenue: $2,206,697

TELEVISION: SEE SCHEDULE OKQED 9 AND KQED PLUS ARE AMONG THE NATION'S MOST-WATCHED PUBLIC TELEVISION STATIONS WITH AN AVERAGE OF 752,394 WEEKLY VIEWERS IN THE SAN FRANCISCO-OAKLAND-SAN JOSE MARKET...

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TELEVISION: SEE SCHEDULE OKQED 9 AND KQED PLUS ARE AMONG THE NATION'S MOST-WATCHED PUBLIC TELEVISION STATIONS WITH AN AVERAGE OF 752,394 WEEKLY VIEWERS IN THE SAN FRANCISCO-OAKLAND-SAN JOSE MARKET. KQED OWNS AND OPERATES PUBLIC TELEVISION STATIONS KQED-TV/DT CHANNEL 9 (SAN FRANCISCO), KQEH-TV/DT CHANNEL 54 (SAN JOSE) AND KQET-TV/DT CHANNEL 25 (WATSONVILLE/MONTEREY).KQED'S DIGITAL TELEVISION CHANNELS INCLUDE KQED 9, KQED PLUS, KQED WORLD AND PBS KIDS, AND ARE AVAILABLE 24/7 OVER THE AIR AND ON CABLE. ADDITIONALLY, THE KQED 9 LIVESTREAM IS AVAILABLE ON THE STATION'S WEBSITE AND MOBILE APP. SINCE FIRST GOING ON THE AIR IN 1954, KQED HAS BEEN AN INTEGRAL PART OF THE BAY AREA'S MEDIA AND CULTURAL LANDSCAPE. THE STATION PRODUCES ITS OWN UNIQUE CONTENT AND COLLABORATES WITH FILMMAKERS AND DOCUMENTARY PRODUCERS TO PRESENT INDEPENDENT PROGRAMMING. KQED PUBLIC TELEVISION IS COMMITTED TO PRODUCING, CO-PRODUCING AND PRESENTING CONTENT THAT SERVES THE PEOPLE OF NORTHERN CALIFORNIA AND BEYOND. IN FY24, KQED BROADCAST THE 19TH SEASON OF CHECK, PLEASE! BAY AREA, WHERE LOCAL DINERS REVIEW THEIR FAVORITE RESTAURANTS. FOR THE FIRST TIME, THE SERIES TRAVELED TO THE MONTEREY BAY AREA TO PROFILE RESTAURANTS IN THE REGION. CHECK, PLEASE! BAY AREA WON THE VIEWERS CHOICE AWARD FOR "BEST CITY OR REGIONAL PROGRAM" IN THE 15TH ANNUAL TASTE AWARDS. KQED ALSO BROADCASTED THE SAN FRANCISCO MAYORAL DEBATE FROM THE STATION'S HEADQUARTERS ON SEPTEMBER 19, 2024.

Program 3
Expenses: $9,500,688 Revenue: $7,064,714

FM RADIO: SEE SCHEDULE OKQED PUBLIC RADIO IS AMONG THE MOST-LISTENED-TO PUBLIC RADIO STATIONS IN THE NATION, WITH AN AVERAGE OF 575,233 WEEKLY RADIO LISTENERS IN THE SAN FRANCISCO METRO SURVEY...

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FM RADIO: SEE SCHEDULE OKQED PUBLIC RADIO IS AMONG THE MOST-LISTENED-TO PUBLIC RADIO STATIONS IN THE NATION, WITH AN AVERAGE OF 575,233 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. ITS AWARD-WINNING NEWS AND PUBLIC AFFAIRS PROGRAM SERVICE CAN BE HEARD ON 88.5 FM OR COMCAST CHANNEL 960 IN SAN FRANCISCO, KQEI 89.3 FM IN SACRAMENTO, 88.3 FM IN SANTA ROSA AND 88.1 FM IN MARTINEZ.KQED PUBLIC RADIO BROADCASTS MANY PROGRAMS FROM NPR, AS WELL AS FROM OTHER NATIONAL AND INTERNATIONAL DISTRIBUTORS LIKE PRX AND BBC RADIO. KQED PUBLIC RADIO ALSO PRODUCES A SIGNIFICANT NUMBER OF LOCAL PROGRAMS AND SERIES, INCLUDING THE DAILY PUBLIC AFFAIRS PROGRAM FORUM; POLITICAL BREAKDOWN; AND THE CALIFORNIA REPORT, A DAILY NEWS PROGRAM CARRIED BY STATIONS ACROSS THE STATE, AND ITS COUNTERPART THE CALIFORNIA REPORT MAGAZINE, A WEEKLY 30-MINUTE NEWS MAGAZINE. IN ADDITION, THERE ARE 19 WEEKDAY KQED NEWS REPORTS. KQED PUBLIC RADIO PRESENTS CONTENT FROM THE COMMONWEALTH CLUB WORLD AFFAIRS OF CALIFORNIA AND CITY ARTS AND LECTURES. KQED PUBLIC RADIO CONTINUED TO EMBRACE 21ST-CENTURY MEDIA TECHNIQUES IN 2024, SERVING THE SAN FRANCISCO BAY AREA WITH CONTENT THROUGH A WIDE ARRAY OF ON-DEMAND ONLINE SERVICES. THE KQED PUBLIC RADIO FLAGSHIP PUBLIC AFFAIRS CALL-IN PROGRAM FORUM IS ALSO BROADCAST NATIONALLY ON THE SIRIUS SATELLITE NETWORK. KQED PUBLIC RADIO STAFF RECEIVED THE 2024 NORCAL EXCELLENCE IN JOURNALISM AWARD FOR RADIO, AUDIO, OR PODCAST LARGE-DIVISION FOR "BAY AREA'S 'FIX-IT' CULTURE THRIVES AMID STATE'S FORTHCOMING RIGHT-TO-REPAIR LAW.

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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 $85,781,746
Program Service Revenue $14,523,905
Investment Income $7,826,415
Other Revenue $813,698
TOTAL REVENUE $108,945,764

Expense Breakdown

Grants Paid $0
Salaries & Benefits $63,652,803
Fundraising Expenses $20,835,408
Program Expenses $75,828,782
Other Expenses $48,615,453
TOTAL EXPENSES $113,016,769

Year-over-Year Comparison

2023 2022 Change
Revenue $108,945,764 $115,059,886 -0.1%
Expenses $113,016,769 $104,854,074 +0.1%
Net Income $-4,071,005 $10,205,812 -1.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
29
Independent Members
29
Employees
569
Volunteers
500

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
3
$1,062,633
Total Directors
29
$0
Key Employees
8
$2,383,692
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AJAY SHAH BOARD MEMBER (AS OF 01/2024) 0.70
Director
$0 $0 $0
ANNE AVIS BOARD CHAIR 10.00
Director
$0 $0 $0
JENNIFER CABALQUINTO BOARD CHAIR 10.00
Director
$0 $0 $0
ALEX VAN HELDEN COMMITTEEE CHAIR/EXECUTIVE COMMITTEE 1.80
Director
$0 $0 $0
AUTUMN MCDONALD BOARD MEMBER (AS OF 01/2024) 0.70
Director
$0 $0 $0
BRIAN CABRERA COMMITTEEE CHAIR/EXECUTIVE COMMITTEE 1.80
Director
$0 $0 $0
CARLA JAVITS COMMITTEEE CHAIR 0.90
Director
$0 $0 $0
DAROLYN DAVIS EXECUTIVE COMMITTEE 0.90
Director
$0 $0 $0
DAWN GARCIA COMMITTEEE CHAIR 0.90
Director
$0 $0 $0
ELIZABETH GONZALEZ BOARD MEMBER 0.70
Director
$0 $0 $0
JAIMIE STUDLEY EXECUTIVE COMMITTEE 0.90
Director
$0 $0 $0
JAMES CHAM BOARD MEMBER 0.70
Director
$0 $0 $0
JEAN FRASER BOARD MEMBER 0.70
Director
$0 $0 $0
JIM LOUDERBACK BOARD MEMBER 0.70
Director
$0 $0 $0
JOSE QUINONEZ EXECUTIVE COMMITTEE 0.90
Director
$0 $0 $0
LANDE AJOSE BOARD MEMBER 0.70
Director
$0 $0 $0
LISA SONSINI EXECUTIVE COMMITTEE 0.90
Director
$0 $0 $0
LUCIA CHOI-DALTON BOARD MEMBER (AS OF 01/2024) 0.70
Director
$0 $0 $0
MATT ZINN EXECUTIVE COMMITTEE/COMMITTEE CHAIR 1.80
Director
$0 $0 $0
MEG GARLINGHOUSE COMMITTEE CHAIR/NOMINATING COMMITTEE 1.80
Director
$0 $0 $0
MYLES DANIELSEN COMMITTEE CHAIR (AS OF 01/2024) 0.90
Director
$0 $0 $0
NADIA ROUMANI COMMITTEE CHAIR/NOMINATING COMMITTEE 1.80
Director
$0 $0 $0
NAVEEN CHOPRA BOARD MEMBER 0.70
Director
$0 $0 $0
PENELOPE BLAIR BOARD MEMBER (AS OF 01/2024) 0.70
Director
$0 $0 $0
SANJAY VASWANI BOARD MEMBER 0.70
Director
$0 $0 $0
SHADI KARRA COMMITTEE CHAIR/NOMINATING COMMITTEE 1.80
Director
$0 $0 $0
SHANNON BRAYTON EXECUTIVE COMMITTEE 0.90
Director
$0 $0 $0
STEVE BOCHNER EXECUTIVE COMMITTEE 0.90
Director
$0 $0 $0
SUSAN AKBARPOUR BOARD MEMBER 0.70
Director
$0 $0 $0
MICHAEL ISIP PRESIDENT AND CEO 55.00
Officer
$510,301 $51,487 $561,788
DAVID BOUTRY CHIEF FINANCIAL OFFICER 45.00
Officer
$272,836 $16,359 $289,195
BRIDGET BARRETT GEN. COUNSEL & CORP. SECRETARY 45.00
Officer
$200,777 $10,873 $211,650
MARIA MILLER CHIEF OPERATIONS & ADMIN. OFFICER 55.00
Key Emp
$311,088 $46,562 $357,650
DELINDA MROWKA CHIEF REVENUE OFFICER 50.00
Key Emp
$302,354 $47,903 $350,257
HOLLY KERNAN CHIEF CONTENT OFFICER 50.00
Key Emp
$296,498 $34,972 $331,470
MARIANNE MURPHY VP MEMBER GENEROSITY & AUD. INTEL 50.00
Key Emp
$238,425 $49,697 $288,122
MICHAEL BLACK VP, CORPORATE SPONSORSHIP 50.00
Key Emp
$268,646 $18,679 $287,325
DAVID HANSEN EXEC DIR., MEDIA OPS & FAC 50.00
Key Emp
$236,832 $28,897 $265,729
JOHN REILLY VP OF INFORMATION SECURITY & TECH 50.00
Key Emp
$236,182 $26,537 $262,719
DONALD NEWENHOUSE VP, BROADCAST ENGINEERING & OPER. 50.00
Key Emp
$217,567 $22,853 $240,420
SARAH SAWYER LOCAL MARKETING DIRECTOR 50.00
Highest
$277,225 $55,624 $332,849
DUKE FAN VICE PRESIDENT, PRODUCT 50.00
Highest
$267,527 $54,423 $321,950
ELIZABETH SEIRMARCO LOCAL MARKETING DIRECTOR 50.00
Highest
$215,186 $52,512 $267,698
ETHAN TOVEN-LINDSEY VICE PRESIDENT, NEWS 60.00
Highest
$231,732 $14,389 $246,121
ERIC ABRAMS CHIEF DE&I OFFICER 47.00
Highest
$237,437 $7,087 $244,524
WILLIAM LOWERY FMR GRL COUN. & CORP SEC (THRU 3/23) 7.00
$147,475 $8,743 $156,218
MITZIE KELLEY FORMER CFO (THRU 01/2023) 0.00
$130,572 $7,181 $137,753
GEORGANNA KELLY FORMER VP, DEVELOPMENT (THRU 09/23) 35.00
$243,818 $24,555 $268,373
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
2024 $108,945,764 $113,016,769 $357,038,039 $-4,071,005
2023 $115,059,886 $104,854,074 $330,572,220 $10,205,812
2022 $109,654,912 $100,998,425 $310,267,088 $8,656,487
2021 $115,878,820 $91,090,700 $338,114,400 $24,788,120
2020 $103,418,209 $91,988,688 $304,837,195 $11,429,521
2019 $121,484,926 $89,438,098 $278,519,073 $32,046,828
2018 $89,451,637 $95,541,003 $246,449,309 $-6,089,366
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