GBH

What it reported doing in 2024

The WGBH Educational Foundation, based in Boston, is the leading multiplatform creator for public media in America. With its wide range of programs, events and services it is one of the nation's preeminent public media institutions.As the largest producer of content for PBS and partner to NPR and PRX, GBH delivers compelling experiences, stories and information to audiences wherever they are. GBH produces digital and broadcast programming that engages, illuminates and inspires, through drama and science, history, arts, culture and journalism. It is the creator of such signature programs as MASTERPIECE, ANTIQUES ROADSHOW, FRONTLINE, NOVA, AMERICAN EXPERIENCE, ARTHUR and MOLLY OF DENALI, as well as WORLD Channel and a catalog of streaming series, podcasts and on-demand video. With studios and a newsroom headquartered in Boston, GBH reaches across New England with GBH 89.7, Bostons Local NPR; CRB Classical 99.5; and CAI, the Cape and Islands NPR station. Dedicated to making media accessible to and inclusive of our diverse culture, GBH is a pioneer in delivering media to those who are deaf, hard of hearing, blind and visually impaired. GBH creates curriculum-based digital content for educators nationwide with PBS LearningMedia and has been recognized with hundreds of the nations premier broadcast, digital and journalism awards.From its roots as a local public radio and TV station, GBH has continually enhanced its service to its community and the nation. It is deepening its commitment to delivering programs that foster opportunity and equityensuring that its content and workplace are inclusive and representative, broadening the reach of its news operations, and reaching audiences where they are. GBH shares stories across platforms on its website, social media and email newsletters. Through apps and podcasts and through virtual or in-person events GBH offers news panels, music events and educational activities.Our mission remains our North Star: "GBH enriches peoples lives through programs and services that educate, inspire and entertain, fostering citizenship and culture, the joy of learning, and the power of diverse perspectives."That mission continually drives us to develop robust programs and resources for the public.Were supporting vulnerable learners through K-12 initiatives that inspire curiosity and creative thinking. We're a trusted news organization that is driven by facts rather than factions. We're promoting science literacy so that people can make informed decisions about our changing world. We're championing the arts and giving the public access to both the greatest performers and emerging talent. And we're constantly innovating to ensure that our services are available and relevant to all.Serving the public interest drives everything that we do, and every commitment that we make is to promote knowledge so that everyone can appreciate and engage with the world around them.GBH makes a commitment to:* Foster an informed and active citizenry* Make knowledge and the creative life of the arts, sciences, and humanities available to the widest possible public* Reflect the diversity of our audience, inviting a sense of inclusion and a better understanding of each other* Improve, for all people, access to public media* Be a trusted partner to parents and educators, providing programs and services that promote the healthy development of children* Serve the individual not just as a spectator but as a participant, able and willing to learn new skills through our programs and servicesThe year 2025 was unprecedented. We grappled with the end of federal funding, changes to the economics of the media business, and startling challenges within the political landscape. But one thing remained constant: GBHs mandate and mission are as clear as ever. For three quarters of a century, weve told stories that matter. We are the most trusted media outlet in our region. And were not stopping. We are in forward motion. We will continue reporting a

Financial Efficiency

• Mission deployment rate: 98%; rating input score 98
• Program expense ratio: 83.1%; rating input score 83
• Fundraising efficiency: $4.45 raised per $1 spent on fundraising; rating input score 18; 18th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
• Pay-setting controls: 6 of 6 controls in place; rating input score 100
  • Compensation committee: Pass
  • Independent consultant: Pass
  • Other Form 990s reviewed: Pass
  • Written employment contract: Pass
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Scored; rating input score 0
• Grant itemization coverage: 99.7%; rating input score 100; 42nd percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Yes; rating input score 100

Accountability

• Independent voting board: 96.8%; rating input score 97; 50th percentile among comparable filings
• Governance controls: 9 of 9 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -10%; rating input score 8; 8th percentile among comparable filings
• Total-asset coverage ratio: 4.01; rating input score 81; 81st percentile among comparable filings
• Liabilities to assets ratio: 0.36; rating input score 49; 49th percentile among comparable filings
• Officer compensation ratio: 2.8%; rating input score 41; 41st percentile among comparable filings

Growth

• Program expense growth: 3.5% per year; rating input score 100; 27th percentile among comparable filings
• Revenue growth: 1.9% per year; rating input score 100; 14th percentile among comparable filings
• Asset growth: 4.8% per year; rating input score 100; 35th percentile among comparable filings