2024-03-22T18:39:25-05:00 2023-06-30 410746749 CLIFTONLARSONALLEN LLP 8215 GREENWAY BOULEVARD SUITE 600 MIDDLETON WI 53562 990 2022-07-01 363503764 AMERICAN PUBLIC MEDIA GROUP AMER 6512901446 480 CEDAR STREET ST PAUL MN 55101 BARRY GISSER SENIOR VP & CFO 6512901446 2024-03-19 1 BARRY GISSER 999009999 1 KIMBERLY ANDERSON P00188889 6086628600 2024-03-19 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z JEAN TAYLOR 480 CEDAR STREET ST PAUL MN 55101 56615448 0 X WWW.AMERICANPUBLICMEDIAGROUP.ORG X 1987 MN TO PROVIDE SUPPORT FOR MINNESOTA PUBLIC RADIO (MPR) AND SOUTHERN CALIFORNIA PUBLIC RADIO (SCPR). 10 9 55 10 9749 17206 215521 25000 9750803 11123117 13737752 7589313 25170 -5435 23729246 18731995 11840216 9279869 0 0 7726334 8974684 0 0 0 2928323 2937522 22494873 21192075 1234373 -2460080 169169859 170246397 19066776 12796717 150103083 157449680 TO PERFORM ACTIVITIES THAT PROVIDE ECONOMIES OF SCALE AND COORDINATION OF RELATED COMPANIES IN A MANNER THAT BEST ACCOMPLISHES THE EXEMPT PURPOSES OF ITS SUPPORTED 501(C)(3) ORGANIZATIONS MINNESOTA PUBLIC RADIO (MPR) AND SOUTHERN CALIFORNIA PUBLIC RADIO (SCPR). 0 0 18518120 9279869 11122359 APMG PROVIDES FINANCIAL AND MANAGEMENT SUPPORT SERVICES TO ITS EXEMPT SUBIDIARIES AND PROVIDES GRANTS TO ITS SUPPORTED ORGANIZATIONS BASED ON INCOME RECEIVED FROM ITS TAXABLE SUBSIDIARIES, ITS ENDOWMENT, AND OTHER SOURCES. 18518120 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 33 0 1 55 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 10 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MN CA X X DOUG RODERICK 6512901446 480 CEDAR STREET ST PAUL MN 55101 JEAN TAYLOR PRESIDENT & CEO 5.00 35.00 X X 714766 0 49720 JIM DWYER TRUSTEE/CHAIR 1.00 1.00 X X 0 0 0 BRYAN PHILLIPS TRUSTEE/ VICE CHAIR 1.00 1.00 X X 0 0 0 MICHAEL PALMER TRUSTEE/TREASURER 1.00 1.00 X X 0 0 0 JEANNINE BEFIDI TRUSTEE/SECRETARY 1.00 1.00 X X 0 0 0 DR KENNETH HOLMEN TRUSTEE 1.00 1.00 X 0 0 0 NII-AYITE QUAYE TRUSTEE 1.00 1.00 X 0 0 0 KANDACE HECK TRUSTEE 1.00 1.00 X 0 0 0 SID GHANDI TRUSTEE 1.00 1.00 X 0 0 0 DREW MURPHY TRUSTEE 1.00 2.00 X 0 0 0 RICK KING TRUSTEE 1.00 1.00 X 0 0 0 MICHAEL LEWIS SVP & GENERAL COUNSEL OFFICER 5.00 35.00 X 422138 0 35760 MORRIS GOODWIN JR SVP & CFO (THRU 8/22) 5.00 35.00 X 416435 0 15411 CHRISTINE PHELPS SVP & CHIEF HR OFFICER (TRHU 12/22) 5.00 35.00 X 356323 0 35152 BARRY GISSER SVP & CFO 5.00 35.00 X 88183 0 2713 DOUGLAS RODERICK VP & CORPORATE CONTROLLER 5.00 35.00 X 251254 0 45653 MICHAEL RESZLER SVP & CHIEF STRATEGY OFFICER 40.00 0.00 X 346326 0 35760 LIWANAG OJALA SVP & CHIEF TRANSFORMATION OFFICER 40.00 0.00 X 316569 0 33290 VIKRAM BHAGAT ASSISTANT GENERAL COUNSEL 40.00 0.00 X 174837 0 23662 LEE REINHARDT DIRECTOR, HR OPERATIONS 40.00 0.00 X 138657 0 37150 TAMMY SANDBERG DIRECTOR, HR WEST 40.00 0.00 X 134218 0 31913 JON MCTAGGART FORMER PRESIDENT & CEO 0.00 0.00 X 571093 0 0 3930799 0 346184 19 1 1 0 SALO LLC 20 SOUTH 13TH STREET STE 200 MINNEAPOLIS MN 55403 HR CONSULTING AND CONTRACTORS 681787 VERSIQUE INC 6465 WAYZATA BLVD SUITE 800 MINNEAPOLIS MN 55426 HR BUSINESS CONSULTING 347632 EAGLE HILL CONSULTING LLC 241 18TH ST S SUITE 615 ARLINGTON VA 22202 LEADERSHIP AND CONSULTING 183750 INTEGRATED KNOWLEDGE SYSTEMS (DBA LINDEN 4601 DREW AVE S MINNEAPOLIS MN 55410 LEADERSHIP CONSULTING 129212 KARINE LEE ERLANDSON 6349 SPIDER MOUNTAIN TRL FORT WORTH TX 76179 HR CONTRACTOR 107268 5 25000 25000 SUPPORT SERVICES 561000 11123117 11123117 11123117 7755060 20118 7734942 5692 5692 37661792 37827539 -165747 -165747 -165747 44787 55914 -11127 -758 -10369 18731995 11122359 9749 7574887 9279869 9279869 2173064 1784682 388382 5807989 5603162 204827 234270 234270 365376 365376 393985 283796 110189 118201 118201 210230 210230 11255 11255 632037 496724 135313 191588 8551 183037 155 155 97683 97683 268211 268211 459728 459728 468934 468934 26598 26598 FINANCE AND OTHER GENER 396107 14118 381989 PROGRAMING AND PRODUCTI 38985 38985 PRINTING 13030 13030 PROMOTION/DEVELOPMENT 2910 2910 1870 1870 21192075 18518120 2673955 0 5796017 5912065 29587 34194 153434 44364 154783 115530 60840 60840 971195 0 162018006 160841152 46837 3299092 169169859 170246397 4884449 3716728 0 8001111 7636095 5500000 0 681216 1443894 19066776 12796717 X 147526083 154722680 2577000 2727000 150103083 157449680 169169859 170246397 X -2460080 8189786 1616891 X 0 1 X 1 0 X X 2 MINNESOTA PUBLIC RADIO 410953924 7 1 9279869 15927766 SOUTHERN CALIFORNIA PUBLIC RADIO 954765734 7 1 0 2117500 2 9279869 18045266 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 PART IV, SECTION C, LINE 1 APMG, AS THE PARENT ORGANIZATION, HAS THE ABILITY TO ELECT OR APPROVE THE ELECTION OF AT LEAST A MAJORITY OF THE MEMBERS OF THE GOVERNING BODY OF EACH OF ITS SUPPORTED ORGANIZATIONS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 166761454 172150 15783772 9098923 20950 173597503 189653529 67871 -13005844 9892323 61779 166761454 159723111 57266 40130162 10141755 115255 189653529 162703075 58525 6386288 9356800 67977 159723111 165789708 100000 12833326 15905037 114922 162703075 0.98280 0.01230 0.00490 1 0 9267 9267 0 51573 51573 0 0 ENDOWMENT AND OTHER INVESTMENTS 160841152 F 160841152 OTHER LONG TERM OBLIGATIONS 48675 LONG TERM LEASE OBLIGATION 1395219 1443894 X PART V, LINE 4: FROM THE PROCEEDS OF PAST SUCCESSFUL BUSINESS VENTURES THE APMG BOARD OF TRUSTEES CREATED A QUASI-ENDOWMENT FOR THE BENEFIT OF MINNESOTA PUBLIC RADIO (THE EARNED ENDOWMENT). THE EARNED ENDOWMENT POLICY PROVIDES AN ANNUAL DRAW OF 5.3 PERCENT OF THE FIVE-YEAR AVERAGE MARKET VALUE OF THE EARNED ENDOWMENT'S ASSETS, WHICH IS GRANTED TO MINNESOTA PUBLIC RADIO TO SUPPORT ITS PROGRAM SERVICES. APMG ALSO MANAGES A CONTRIBUTED ENDOWMENT (THE WILLIAM H. KLING FOUNDERS ENDOWMENT FOR THE CREATIVE ADVANCEMENT OF PUBLIC MEDIA) FOR THE SUPPORT OF PUBLIC MEDIA INITIATIVES OF CERTAIN AFFILIATES. THE CONTRIBUTED ENDOWMENT PROVIDES AN ANNUAL DRAW OF 5 PERCENT OF THE FIVE-YEAR AVERAGE MARKET VALUE OF IT ASSETS. PART X, LINE 2: APMG IS ORGANIZED UNDER CHAPTER 317 OF MINNESOTA STATUTES AS A NONPROFIT ORGANIZATION. THE INTERNAL REVENUE SERVICE (IRS) HAS DETERMINED THAT APMG IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE) AND IS NOT A PRIVATE FOUNDATION, AS IT QUALIFIES UNDER SECTION 509(A)(3) OF THE CODE. THE MINNESOTA DEPARTMENT OF REVENUE HAS DETERMINED THAT APMG IS EXEMPT FROM MINNESOTA INCOME TAXES UNDER SECTION 290. 05 SUBDIVISION 9 OF MINNESOTA STATUTES. APMG IS ENGAGED IN CERTAIN ACTIVITIES THAT RESULT IN TAXABLE UNRELATED BUSINESS INCOME. APMG AND ITS AFFILIATES RECORDED A TAX BENEFIT OF $3,000 FOR THE YEAR ENDED JUNE 30, 2023, WHICH IS INCLUDED IN ADMINISTRATIVE EXPENSES ON THE CONSOLIDATED STATEMENT OF ACTIVITIES. THE ORGANIZATION HAS ADOPTED CERTAIN PROVISIONS OF ASC TOPIC 740, INCOME TAXES.THE PROVISIONS CLARIFY THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ORGANIZATION'S FINANCIAL STATEMENTS AND PRESCRIBE A RECOGNITION THRESHOLD AND MEASUREMENT STANDARD FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF AN INCOME TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE ORGANIZATION HAS REVIEWED ITS TAX POSITION FOR ALL OPEN TAX YEARS AND HAS CONCLUDED THAT THERE ARE NO UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION. 1 MINNESOTA PUBLIC RADIO 480 CEDAR STREET ST PAUL MN 55101 410953924 501(C)(3) 9279869 0 N/A N/A SUPPORT THE EXEMPT PURPOSE AND PROGRAMMING OF MPR. 1 0 PART I, LINE 2: FINANCIAL REPORTS ARE REVEIWED BY AMERICAN PUBLIC MEDIA GROUP ON A PERIODIC BASIS TO ENSURE USE OF THE FUNDS ARE IN LINE WITH THE GRANT PURPOSE. 1 X X X X X 1 0 0 0 0 0 0 0 0 JEAN TAYLOR PRESIDENT & CEO 517741 0 194253 0 2772 0 19825 0 29895 0 764486 0 0 0 JON MCTAGGART FORMER PRESIDENT & CEO 0 0 0 0 571093 0 0 0 0 0 571093 0 0 0 MICHAEL LEWIS SVP & GENERAL COUNSEL OFFICER 307685 0 112287 0 2166 0 19825 0 15935 0 457898 0 0 0 MORRIS GOODWIN JR SVP & CFO (THRU 8/22) 219121 0 88056 0 109258 0 0 0 15411 0 431846 0 0 0 CHRISTINE PHELPS SVP & CHIEF HR OFFICER (TRHU 12/22) 275259 0 78058 0 3006 0 19825 0 15327 0 391475 0 0 0 MICHAEL RESZLER SVP & CHIEF STRATEGY OFFICER 267519 0 75313 0 3494 0 19825 0 15935 0 382086 0 0 0 LIWANAG OJALA SVP & CHIEF TRANSFORMATION OFFICER 277665 0 38050 0 854 0 5993 0 27297 0 349859 0 0 0 DOUGLAS RODERICK VP & CORPORATE CONTROLLER 196638 0 49628 0 4988 0 16866 0 28787 0 296907 0 0 0 VIKRAM BHAGAT ASSISTANT GENERAL COUNSEL 172057 0 0 0 2780 0 11292 0 12370 0 198499 0 0 0 LEE REINHARDT DIRECTOR, HR OPERATIONS 126765 0 10000 0 1892 0 9047 0 28103 0 175807 0 0 0 TAMMY SANDBERG DIRECTOR, HR WEST 129477 0 2500 0 2241 0 9157 0 22756 0 166131 0 0 0 PART I, LINE 4A THE FOLLOWING LISTED PERSONS RECEIVED PAYMENTS, IN CALENDAR YEAR 2022, DUE UNDER TERMS OF THEIR AGREEMENTS UPON SEPARATION: JON MCTAGGART: $ 519,000 DAVID KANSAS: $ 431,646 MORRIS GOODWIN JR.: $ 106,691 THE FOLLOWING LISTED PERSON RECEIVED A DISTRIBUTION, IN CALENDAR YEAR 2022, FROM THE ORGANIZATION'S 457(B) DEFERRED COMPENSATION PLAN, WHICH WAS FUNDED BY PAYROLL DEDUCTIONS WHILE THEY WERE AN EMPLOYEE. JON MCTAGGART: $ 52,093 A FLORIDA DEVELOPMENT FINANCE CORPORATION 593270584 NONEAVAIL 2014-12-01 19785000 SEE PART V - SUPPLEMENTAL INFORMATION 0 0 0 A 11995000 19785000 239594 19545406 2014 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 0 1 0 0 0 1 A 1 FORM 990, PART VI, SECTION A, LINE 1A THE BOARD OF TRUSTEES MAY DESIGNATE AN EXECUTIVE COMMITTEE COMPOSED OF AT LEAST THREE TRUSTEES. THE EXECUTIVE COMMITTEE HAS THE AUTHORITY OF THE BOARD OF TRUSTEES IN THE MANAGEMENT OF THE BUSINESS OF THE ORGANIZATION IN THE INTERVAL BETWEEN MEETINGS OF THE BOARD OF TRUSTEES, AND THE EXECUTIVE COMMITTEE IS AT ALL TIMES SUBJECT TO THE CONTROL AND DIRECTION OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED UNDER THE DIRECTION OF THE AUDIT COMMITTEE OF THE ORGANIZATION'S BOARD OF TRUSTEES AND IS MADE AVAILABLE TO EACH MEMBER OF THE BOARD PRIOR TO FILING WITH THE FORM. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION SURVEYS ITS OFFICERS, TRUSTEES, AND KEY EMPLOYEES ANNUALLY FOR POTENTIAL CONFLICTS OF INTEREST. THE SURVEYS ARE ANALYZED AND INFORM TRANSACTIONS AND VOTING IN ORDER TO IDENTIFY AND DISCLOSE ACTUAL CONFLICTS OF INTEREST. THE ORGANIZATION'S CONFLICT OF INTEREST POLICY COVERS (A) TRUSTEES, (B) A TRUSTEE OR DIRECTOR OF A RELATED ORGANIZATION (WITHIN THE MEANING OF MINNESOTA STATUTES, SECTION 317A.011, SUBDIVISION 18), OR (C) AN ORGANIZATION IN OR OF WHICH A TRUSTEE IS A DIRECTOR, OFFICER OR LEGAL REPRESENTATIVE OR HAS A MATERIAL FINANCIAL INTEREST. TRANSACTIONS MAY BE AUTHORIZED IF THE MATERIAL FACTS AS TO THE CONTRACT OR TRANSACTION AND AS TO THE TRUSTEE'S INTEREST ARE FULLY DISCLOSED OR KNOWN TO THE BOARD OF TRUSTEES, AND THE BOARD OF TRUSTEES AUTHORIZES, APPROVES, OR RATIFIES THE CONTRACT OR TRANSACTION IN GOOD FAITH BY THE AFFIRMATIVE VOTE OF A MAJORITY OF THE TRUSTEES (WITHOUT COUNTING THE INTERESTED TRUSTEE), AT A MEETING AT WHICH THERE IS A QUORUM (WITHOUT COUNTING THE INTERESTED TRUSTEE). PROCEEDINGS RELATED TO CONFLICTS OF INTEREST ARE DOCUMENTED IN THE MEETING MINUTES. FORM 990, PART VI, SECTION B, LINE 15 THE HUMAN RESOURCES AND COMPENSATION COMMITTEE (HRCC) OF THE BOARD REVIEWS THE COMPENSATION AND BENEFITS PLANS OF APMG ON AN ANNUAL BASIS, INCLUDING THE GROUP'S COMPENSATION PHILOSOPHY, HEALTH CARE PLAN, EXECUTIVE BENEFITS AND SAVINGS AND RETIREMENT PLANS, AND OTHER BENEFITS. THE HRCC SETS THE COMPENSATION FOR THE CEO OF APMG, APPROVES THE CEO'S RECOMMENDATIONS FOR COMPENSATION FOR THE PRESIDENT, AND REVIEWS COMPENSATION FOR OTHER OFFICERS. THE COMMITTEE ALSO UTILIZES A COMPENSATION CONSULTANT. THE ORGANIZATION SUBSCRIBES TO SEVERAL MARKET DATA SOURCES TO ENSURE MARKET-COMPETITIVE PAY PRACTICES. THE HRCC ESTABLISHES AN ANNUAL AT-RISK COMPENSATION PLAN TO ENABLE THE PARTICIPATING ORGANIZATIONS OF APMG TO ATTRACT, RETAIN AND MOTIVATE KEY MANAGEMENT TALENT BY PROVIDING TOTAL COMPENSATION THAT IS COMPETITIVE WITH THE MARKET AND HAS THE FOLLOWING OBJECTIVE TO: (A) FOCUS MANAGEMENT EFFORTS ON KEY ANNUAL FINANCIAL AND STRATEGIC RESULTS, (B) REWARD EXECUTIVES COMMENURATE WITH PERFORMANCE, (C) DRIVE INCREMENTAL PERFORMANCE AGAINST SHARED GOALS, WITH AN EMPHASIS ON FUNDING GROWTH AND (D) RECOGNIZE INDIVIDUAL/DEPARTMENTAL PERFORMANCE OBJECTIVES. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES MANY OF ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE FOR PUBLIC INSPECTION ON ITS WEBSITE. REQUESTS CAN ALSO BE MADE TO HAVE THE DOCUMENTS PROVIDED VIA E-MAIL, THE POST, OR IN PERSON AT THE APMG OFFICES AT 480 CEDAR STREET, ST PAUL, MN 55101. A FEE MAY APPLY FOR COPYING AND MAILING COSTS ASSOCIATED WITH A REQUEST. DOCUMENTS ARE AVAILABLE FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). FORM 990, PART XI, LINE 9: EQUITY INVESTMENT IN FOR-PROFIT SUB 1,616,891. MINNESOTA PUBLIC RADIO 480 CEDAR STREET ST PAUL MN 55101 410953924 NONCOMMERCIAL PUBLIC RADIO BROADCASTING MN 501(C)(3) LINE 7 AMERICAN PUBLIC MEDIA GROUP 1 SOUTHERN CALIFORNIA PUBLIC RADIO 474 SOUTH RAYMOND AVENUE PASADENA CA 91105 954765734 NONCOMMERCIAL PUBLIC RADIO BROADCASTING MN 501(C)(3) LINE 7 AMERICAN PUBLIC MEDIA GROUP 1 CLEARSPRING HOLDINGS INC 480 CEDAR STREET ST PAUL MN 55101 411904483 MANAGEMENT SERVICES MN AMERICAN PUBLIC MEDIA GROUP C 2402 1227589 1.00000 1 CLEARSPRING ENTERPRISES INC 480 CEDAR STREET ST PAUL MN 55101 411584258 CONTENT ACQUISITION MN CLEARSPRING HOLDINGS INC C 721181 196329 1.00000 1 CLEARSPRING STUDIOS INC 480 CEDAR STREET ST PAUL MN 55101 873087472 CONTENT SERVICES MN CLEARSPRING HOLDINGS INC C 10266220 1549057 1.00000 0 0 1 0 1 0 1 0 0 0 1 0 1 0 1 1 1 1 0 0 MINNESOTA PUBLIC RADIO B 9279869 ACTUAL AMOUNT MINNESOTA PUBLIC RADIO D 5575000 ACTUAL AMOUNT MINNESOTA PUBLIC RADIO L 10352766 ACTUAL AMOUNT SOUTHERN CALIFORNIA PUBLIC RADIO D 1369500 ACTUAL AMOUNT SOUTHERN CALIFORNIA PUBLIC RADIO L 748000 ACTUAL AMOUNT CLEARSPRING HOLDINGS INC F 436000 ACTUAL AMOUNT