WGBH Annual Report 2000-2001 Text Version: Fiscal Year '00

Text Version

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FY00: A Strong Fiscal Year

Thanks to generous donor support and strong fiscal management, WGBH balanced its budget for the 20th consecutive year. We sustained our position as one of the nation's premier public broadcasters, as a leading producer of high-quality content for television, radio, the Internet, and other educational media, and as a provider of access technologies for people with vision or hearing loss.

Funding and Activities Summary
WGBH operates three public television stations, three public radio stations, and a comprehensive Web site. Our local broadcast operations are supported primarily by viewers and listeners, business sponsors, and a federal Community Service Grant from the Corporation for Public Broadcasting (CPB). Programs produced for local broadcast are similarly funded, with additional support from the Massachusetts Cultural Council.

WGBH produces more than one-third of the content for PBS prime-time television and PBS Online, and is a major source of public radio programs. We also produce content for a variety of other media platforms. These efforts are funded primarily by restricted grants from corporations, foundations, government agencies, and Public Broadcasting Service (PBS) stations. Both PBS and CPB are leading funders of several new efforts, including ExxonMobil Masterpiece Theatre's American Collection. Other significant new production activities this year included our PBS Millennium 2000 25-hour broadcast, the launch of Between the Lions, and our upcoming Evolution series. Access technologies are supported by grants from CPB and the US Department of Education, and by the sale of services.

December 31, 2000 marked the conclusion of WGBH's Expanding the Vision Campaign, which raised more than $42 million in new funds (final figures will appear in next year's report). The Campaign has strengthened WGBH's endowment and augmented critical individual contributions that support the early research and development of new programs and the implementation of key digital innovations.

Fiscal Outlook
We enter fy01 on strong financial footing. We're prepared for the future and committed to providing viewers, listeners, and Web users across the nation with educationally rich, high-quality productions for years to come.

Operating Statement and Fund Balances

Revenue*	fy00	fy99
Grants and Contracts	$146,945,000	$114,189,000
Contributions from Individuals	21,687,000	21,578,000
Community Service Grants (CSGs)from Corporation for Public Broadcasting	7,237,000	5,358,000
Royalties, Video and Foreign Distribution	19,583,000	19,027,000
Other (including Auction and Outside Captioning and Sales)	11,290,000	15,006,000
Net Transfers from WGBH Program Funds for National Programming	503,000	4,383,000
Total Sources	$207,245,000	$179,541,000

Expenses*	fy00	fy99
Program Production (includes TV Productions, Radio Productions, Instructional and Access Technologies, Program Development)	$143,729,000	$119,326,000
Broadcast ('GBH 2 and Select44, 'GBH 89.7fm, NAN 91.1fm, 'CAI 90.1fm, and WGBY 57)	10,576,000	11,885,000
Educational Services and Program Information	18,635,000	15,170,000
Support Services	33,513,000	31,601,000
Total Expenses	$206,453,000	$177,982,000
Excess of Operating Sources over Expenses and Transfers	$792,000	$1,559,000

Fund Balances*	fy00	fy99
Operating and Plant Funds	$26,961,000	$26,169,000
Capital Campaign Program Venture Funds	18,650,000	13,807,000
Endowment (Market Value)	33,174,000	27,747,000
Total Fund Balances	$78,785,000	$67,723,000

* These do not include grants for future programming of $119,920,000 in fy00 and $147,650,000 in fy99.

FY00 Sources of Funding	Percentage
Foundations	7%
PBS Stations	19%
Corporations	22%
Royalties	14%
Other	16%
Individuals	11%
Government Agencies	4%
Corporation for Public Broadcasting	7%

FY00 Major Activities	Percentage
Radio Production and Broadcast	4%
General Audience TV Production	47%
Support Services	16%
TV Broadcast	8%
Children's TV Production	12%
Access Technologies	5%
Program Development	2%
Instructional and Interactive	6%

FY00 Funding Sources for WGBH's New England TV and Radio Stations	Percentage
Viewers and Listeners	51%
Federal (CSG)	17%
Local Business Sponsors	12%
Royalties	9%
Other (including Foundations)	8%
Auction	3%