Colorado Public Television
Nonprofit profile at a glance
- EIN
- 840723918
- IRS 990 coverage
- 2015–2024
- Forms available
- Form 990 2024, Form 990-T 2022
- Location
- Denver, CO, USA
- Phone
- 3032961212
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Arts, Culture, and Humanities
Reported finances
- Revenue
- $6,060,571
- Expenses
- $6,358,642
- Assets
- $13,781,381
- Liabilities
- $544,789
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
13 people listed
Executive titles in this filing
- FRANCES MATTHEWS (INTERIM PRESIDENT (THROUGH 10/2024))
- ROBERT SPRINGER (PRESIDENT/GM (AS OF 11/2024))
Highest reported compensation
- KIMBERLY WHITE (TREASURER/VP OF FINANCE): $136,260 total reported compensation
- FRANCES MATTHEWS (INTERIM PRESIDENT (THROUGH 10/2024)): $90,000 total reported compensation
- ROBERT SPRINGER (PRESIDENT/GM (AS OF 11/2024)): $53,413 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Pbs12 Colorado is re-imagining how public media can serve the community. Content: creating unique, local content that shares stories and viewpoints that might otherwise be lost. Education: preparing the next generation of content creators with the experiences and mentorships that will empower them to carry forward a rich tradition of ethical storytelling. Service: leveraging our unique talents, technologies, and facilities to provide growth opportunities at no or low cost to community organizations and individuals.
What it reported doing in 2024
Programming and production - any functions related to the acquisition, scheduling and broadcasting of television programs of educational and informational content geared to the interest of the community as well as entertainment specials not available locally. Also producing television programming that is not acquired and the related functions to produce such programs. Local public affairs covering community issues and international topics are of major focus.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 65
- Transparency & Controls: 92
- Accountability: 100
- Sustainability: 44
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 72.6%; rating input score 73
- Program expense ratio: 68.7%; rating input score 69
- Fundraising efficiency: $4.14 raised per $1 spent on fundraising; rating input score 13; 13th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd 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: -4.9%; rating input score 20; 20th percentile among comparable filings
- Total-asset coverage ratio: 2.17; rating input score 64; 64th percentile among comparable filings
- Liabilities to assets ratio: 0.04; rating input score 73; 73rd percentile among comparable filings
- Officer compensation ratio: 4.4%; rating input score 58; 58th percentile among comparable filings
Growth
- Program expense growth: 9.5% per year; rating input score 100; 62nd percentile among comparable filings
- Revenue growth: 3.8% per year; rating input score 100; 33rd percentile among comparable filings
- Asset growth: 5.7% per year; rating input score 100; 38th percentile among comparable filings
Details
- Where the money goes: 72.6% of revenue deployed · 68.7% of spending went to programs
- Governance: 9 of 9 board members independent · 9 of 9 filing controls reported
- Programs: 3 filed program accomplishments · $4.4M in reported program spending
- Leadership: top reported pay $136K · 13 people listed
- Highest-paid contractors: 1 contractor listed · $589K reported
- Consistency: 32 of 33 current checks pass · 1 finding to review
- Schedules: 7 filed schedules · includes major donors
- Filing history: 10 filing years from 2015 to 2024
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Fundraising efficiency scored 13/100.
- High — Sustainability: Operating margin scored 20/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- Review — Sustainability: Officer compensation ratio scored 58/100.