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Thanks to strong community support, WGBH was able to balance its budget for the 21st consecutive year. Once again, we sustained our position as one of the nation's top public broadcasters, as a leading producer of high-quality content for TV, radio, the Web, and other 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, local 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 and other local foundations. WGBH successfully concluded its Expanding the Vision Campaign in December of 2000. The $43 million raised strengthens WGBH's endowment and augments critical individual contributions that support early research and development of new programs for local and national broadcast and the conversion to digital television.
WGBH produces one-third of the content for PBS prime time and PBS Online, and is a major source of public radio programs. Significant increases in production activity this year included the completion and broadcast of the Evolution series and release of the Nova giant-screen film Shackleton's Antarctic Adventure. We create editorial content for a variety of media platforms, including the Internet, in order to expand the educational impact of our programs. These efforts are funded primarily by restricted grants from corporations, foundations, government agencies, and PBS stations. Both PBS and CPB were significant funders of several initiatives, including ExxonMobil Masterpiece Theatre's American Collection and the second season of Between the Lions, our multimedia initiative aimed at helping children learn to read. Media access technologies for people with vision or hearing loss are supported by grants from CPB and the US Department of Education, and by the sale of services.
Fiscal Outlook
WGBH enters FY02 on good financial footing due to our early response to the weakening economy. We'll continue to carefully monitor our financial activity as the year progresses. The success of our Expanding the Vision Campaign and growth of our endowment have provided us with critical resources to better weather economic fluctuations and uncertainties while also enabling us to make important investments in the future. Our membership support allows us to provide important local services. Grants from foundations, corporations, government agencies, and public broadcasting entities enable us to provide programs for the entire nation. We're grateful to WGBH's many supporters for making possible all that we do.
Operating Statement and Fund Balances
| Revenue* | FY01 | FY00 |
| Grants and Contracts | $136,711,000 | $146,945,000 |
| Contributions from Individuals | 22,325,000 | 21,687,000 |
| Community Service Grants (CSGs) from Corporation for Public Broadcasting | 9,139,000 | 7,237,000 |
| Royalties, Video, and International Distribution | 17,702,000 | 19,583,000 |
| Other (including Auction and Outside Captioning and Sales) | 14,207,000 | 11,290,000 |
| Net Transfers from WGBH Program Funds for National Programming | 1,937,000 | 503,000 |
| Total Sources | $202,021,000 | $207,245,000 |
| Expenses | ||
| Program Production (includes TV Productions, Radio Productions, Interactive, Educational, Access Technologies, and Program Development) |
$143,493,000 | $143,729,000 |
| Broadcast (WGBH 2, 44, 89.7, WNAN 91.1, WCAI 90.1, and WGBY 57) | 9,901,000 | 10,576,000 |
| Educational Services and Program Information | 13,315,000 | 18,635,000 |
| Support Services | 34,693,000 | 33,513,000 |
| Total Expenses | $201,402,000 | $206,453,000 |
| Excess of Operating Sources over Expenses and Transfers | $619,000 | $792,000 |
| Fund Balances* | ||
| Operating and Plant Funds | $27,420,000 | $26,961,000 |
| Capital Campaign Program Venture and Technology Funds | 13,640,000 | 18,650,000 |
| Endowment (Market Value) | 35,319,000 | 33,174,000 |
| Total Fund Balances | $76,379,000 | $78,785,000 |
* These do not include grants for future programming of $113,910,000 in FY01 and $119,920,000 in FY00
| FY01 Sources of Funding | Percentage |
| Foundations | 7% |
| PBS Stations | 21% |
| Corporations | 23% |
| Royalties | 9% |
| Other | 15% |
| Individuals | 12% |
| Government Agencies | 5% |
| Corporation for Public Broadcasting | 8% |
| FY01 Major Activities | |
| Radio Production and Broadcast | 5% |
| General Audience TV Production | 39% |
| Support Services | 17% |
| Local TV Production and Broadcast | 10% |
| Children's TV Production | 13% |
| Access Technologies | 7% |
| Program Development | 3% |
| Instructional and Interactive | 6% |
| FY01 Funding Sources for WGBH's New England TV and Radio Stations |
|
| Auction | 3% |
| Viewers and Listeners | 45% |
| Federal (CSGs) | 18% |
| Local Business Sponsors | 9% |
| Royalties | 11% |
| Other (including Foundations) | 14% |
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