Strong community support, careful fiscal management, and the completion of WGBH's most successful capital campaign ever enabled WGBH to successfully balance its operating budget for the 27th consecutive year, while completing the construction and move to new, all-digital studios in Boston's Brighton neighborhood.
This prudent fiscal approach helped WGBH maintain its position as one of the nation's top public media organizations—as a leading producer of high-quality programs for TV, radio, the Web, and other media, and as a provider of educational technologies for educators and students, and access services for people with vision or hearing impairments.
Our program services for New England-area audiences were supported primarily by viewers and listeners, local business sponsors, and a federal Community Service Grant from the Corporation for Public Broadcasting (CPB). Program Venture funds augmented major individual contributions to provide bridge funding, enabling WGBH to move forward with the development of new productions for local and national broadcast, and our digital TV channels. The sale of our Allston, Massachusetts property and revenue from our Breaking New Ground Campaign enabled us to finance the construction of our new headquarters in Brighton.
Our national productions for television and the Internet and our educational technologies were funded primarily by restricted grants from individuals, corporations, foundations, government agencies, and PBS stations. Our media access technologies for people with disabilities were supported by grants from CPB and the US Department of Education, and by the sale of services.
WGBH enters FY08 on sound financial footing. Our budget reflects a responsible balance between managing expenses to match available revenue and retaining our capacity to meet the demand for new programs in developing technology. Generous membership support allows us to continue to provide important services to audiences across New England. Grants from individuals, foundations, corporations, government agencies, and public broadcasting entities enable us to produce programs, websites, and new media content for the nation . . . and the world. Thanks to all our supporters for your generous contributions.
| Sources | FY07 | FY06 |
|---|---|---|
| Grants and contracts | $129,979,000 | $113,674,000 |
| Contributions from individuals | 24,851,000 | 23,695,000 |
| Community Service Grants (CSGs) from Corporation for Public Broadcasting | 8,459,000 | 8,859,000 |
| Royalties, video, and foreign distribution | 20,789,000 | 18,683,000 |
| Other (including Auction and outside captioning and sales) | 17,517,000 | 14,359,000 |
| Net transfers from WGBH program funds for programming and reserves | 4,083,000 | 7,837,000 |
| Total Sources | $205,678,000 | $187,107,000 |
| Operating Expenses | ||
| Program development and production (includes TV, radio, Web, new media, educational, and access technologies) | $126,968,000 | $119,887,000 |
| Broadcast (public TV and radio program services) | 12,544,000 | 9,967,000 |
| Educational services and program information | 25,355,000 | 19,729,000 |
| Support services | 40,395,000 | 37,505,000 |
| Total Expenses | $205,262,000 | $187,088,000 |
| Excess of operating sources over expenses and transfers | $416,000 | $19,000 |
| Fund Balances | ||
| Undesignated | $14,172,000 | $17,604,000 |
| Grants for future programming* | 39,041,000 | 55,160,000 |
| Capital campaign, debt service, and Board-designated funds** | 203,851,000 | 188,672,000 |
| Endowment (market value) | 60,507,000 | 50,568,000 |
| Total Fund Balances | $317,571,000 | $312,004,000 |
