Better Business Bureau Report for
Louisville Public Media

Better Business Bureau Report issued November 2011
Better Business Bureau Report expires November 2013


This BBB Accredited charity meets all 20 Standards for Charity Accountability. Find out more...


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Charity Contact Information

Name: Louisville Public Media
Address: 619 South 4th Street
  Louisville, KY 40202
Phone: 502-814-6500
Web Address: www.louisvillepublicmedia.org
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Better Business Bureau Comments

Formerly known as:Kentucky Public Radio
Public Radio Partnership

Year, State Incorporated: 1993, Kentucky
Affiliates: None
Stated Purpose: The mission of Louisville Public Media, formerly known as the Public Radio Partnership, is to engage, educate, and entertain listeners in Metro Louisville by creating and providing innovative, outstanding programming fueled by intellectual and cultural diversity.

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Evaluation Conclusions

               

Louisville Public Media meets the 20 Standards for Charity Accountability.
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Programs

               

Louisville Public Media owns and operates 3 public radio stations in Louisville, Kentucky. Those stations are WFPL (News/Public Affairs/entertainment), WUOL (Classical), and WFPK (AAA, World, Bluegrass, Jazz, Blues). Louisville Public Media reaches approximately 170,000 individual listeners each week.

For the fiscal year ended June 30, 2010, Louisville Public Media's program expenses were:

  
Program Services 2,758,886
Total Program Expenses: $2,758,886
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Governance

               

Chief Executive : Donovan Reynolds, President and Chief Executive Officer
Compensation*:

Chair of the Board: Ms. Diane Tobin
Chair's Profession / Business Affiliation: Educator

Co-Chair of the Board : Daniel Goyette

Chair's Profession / Business Affiliation: Attorney

Co-Chair of the Board : N/A

Chair's Profession / Business Affiliation: N/A

Board Size: 22

Paid Staff Size: 42

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Fund Raising

               

Method(s) Used:

Fund raising methods include direct mail, invitations to fund raising events, radio, grant proposals, internet, and membership appeals.
Fund raising costs were 9% of related contributions. (Related contributions, which totaled $3,527,942, are donations received as a result of fund raising activities.)
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Tax Status

               

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
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Financial

               

The following information is based on Louisville Public Media's audited financial statements for the fiscal year ended June 30, 2010.

Ending net assets as reported below include $6,465,214 in unrestricted net assets and $21,937 in temporarily restricted net assets.

Total assets as reported include $3,428,369 invested in property and equipment, net.



Source of Funds  
Underwriting 1,734,334
Contributions and Grants 1,734,095
Investments 103,208
Fundraising Events 53,622
Other Income 5,891
Total Income $3,631,150


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Uses of Funds as a % of Total Expenses

Programs: 72%  Fund Raising: 9%  Administrative: 19% 

Total income   $3,631,150
  Program expenses $2,758,886
  Fund raising expenses 327,442
  Administrative expenses 719,046
 
Total expenses   $3,805,374
Expenses in Excess of Income   (174,224)
Beginning net assets   6,661,375
Ending net assets   6,487,151
Total liabilities   222,408
Total assets   $6,709,559


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An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the BBB Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fund raising or promotional purposes.

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