r

9 90 Return of Organization Exempt From Income Tax B" `5~°°" " Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except black lung O ' Departrtient of the Treasury benefit trust or private foundation) Internal Revenue Service " The organization may have to use a copy of this return to satisfy state reporting reqwrements A For the 2003 calendar ear, or tax ear be innin 07/01 2003 and endin 06 /30 /2004 B check OF anq~we please C Name of organization MINNESOTA PUBLIC RADIO - DBA MINNESOTA D Employer identification number Address uselrts change PUBLIC RADIO AMERICAN PUBLIC MEDIA 41-0953924 label or Name change print or Number and street (or P O box if mail is not delivered to street address) Roomlsuite E Telephone number Initial return type

Final raNn ~~~ 45 EAST SEVENTH STREET ( 651 ) 290-1446 Amended ~~N~_ return City or town, state a country, and ZIP + 4 r ~`noa `°° U cash U ncctial AOPi .catwn dons. pending PAUL , 5 O 1 Other (spea) ~ Section 501(c)(3) organizations and 4947(a)(1) nonexempt charitable H and 1 are not applicable to section 527 organizations trusts must attach a completed Schedule A (Form 990 or 990-EZ). H(a) Is this a group return for affiljates'7FD Yes 5Z No G Website : " yWW , MpR . ORG & FTWW . AMERICANPIIBLICMEDIA . ORG H(b) It *Yes," enter number of affiliates " N/A J Organization type (check only one) long 501(c) ( 3 ) 1 (insert no ) 947(a)( 7 ) or 527 H(c) Are all affiliates included? N' k FY. =No attach a list See ms{~uctionsj K Check here ~ if the organization's grass receipts are normally not more than $25,000 The - H(d) is this a separate return tea by an organization need not file a return with the IRS, but if the organization received a Forth 990 Package organization covered b a rnu rulm 7 Yes No in the mail, it should file a return without financial data Some states require a complete return . I Group Exemption Number 1 N/A M Check III- " if the organization is not required L Gross receipts Add fines 6b, 8b, 9b, and 10b to line 12 ~ 67 , 146 , 272 . to attach Sch B (Forth 990, 990-EZ, or 990-PF) Revenue, Expenses, and Changes in Net Assets or Fund Balances See page 18 of the instructions . 1 Contributions, gifts, grants, and similar amounts received. a Direct public support , , , , , , , , , , , , , , , , , , , , , , , , 1 a 3 6 , 03 8, 139 . b Indirect public support , , , , , , : : : : : : : : : : : : : : : : : 1b 1 4 , 988 . c Government contributions (grants) 1 C 7 , 506 , 283 . d Total (add lines to through 1c) (CaSn $ 43,549,410 . noncasn $ ) 1 d 43 , 549 , 410 . G~ 2 Program service revenue including government fees and contracts (from Part VII, line 93) , , , , , 2 12 , 011 , 524 . 3 Membership dues and assessments , , , , , , , , : : : : : : : : : : : : : : : : : : : : : : : : : 3 547 , 256 . 4 Interest on savings and temporary cash investments 4 5 Dividends and interest from securities , , , , , , , , , , , , , , , , , , , , , , , , , , , , , 5 478 , 875 . W 6a Gross rents , ,, ,,,,,,,, , ,,,, ,,, , ,, , ,,,,, 6a . 776 637 . b Less rental expenses  , 8b 845 549 . C Net rental income or (loss) (subtract line 6b from line 6a) , , , , , , , , , , , , , , , , , , , , , , , 6c -68 , 912 . 7 Other investment income (describe ~ 7 > 8 a Gross amount from sates assets other (A) Securities (B) Other m of than inventory        , 8a 6 , 547 , 000 . b Less cost or other basis and sales expenses , 8 b 881 , 227 . c Gain or (loss) (attach schedule) rJ,V,r, I , 1 , 609 , 035 . Sc 5 , 665 , 773 . d Net gain or (loss) (combine line 8c, columns (A) and (B)) . . . , ...... 8d 7 , 274 , 808 . 9 Special events and activities (attach schedule) If any amount. is from gaming, check here " "a a Gross revenue (not including $ of orted on line 1a) , , , , , , , , , , , , , , , , , , 9a R C ' r ct exp rises other than fundraising expenses , , , , , , , , 9b mi ss) from special events (subtract line 9b from line 9a) ...... 9 c

10a Gross'I sales entory, less returns and allowances ...... Oal 36,450 OOE,y I 6as1025, of s sold ...... ~Obj 16,966 .- c Gro 01 ss) from sales of inventory (attach schedule) (subtract line I Ob from line 1 Oa) . . . . 10C 19,484 .

erS6 ue8' (fr m Part VII, line 103) ...... 11 1,590,085 00 dd lines 1d 2 3 4, 5 6c 7 8d 9c, 10c and 11 " . 12 65 402 530 . 13 Program ser%nces (from line 44, column (B)) , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , 13 3 8 , 2 98 , 755 . a 14 Management and general (from line 44, column (C)) , , , , , , , , , , , , , , , , , , , , , , , , , , 14 8 , 641 , 805 . n 15 Fundraising (from line 44, column (D)) , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , 15 5 , 846 , 911 . W 16 Payments to affiliates (attach schedule) , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , 16 17 Total expenses add lines 16 and 44, column A 17 52 , 787 , 471 . m~^ 18 Excess or (deficit) for the year (subtract line 17 from line 12) , , ...... 18 12 , 615 , 059 . q 19 Net assets or fund balances at beginning of year (from line 73, column (A)) , , , , , , , , , , , , , , , 19 68 , 694 , 280 . am 20 Other changes in net assets or fund balances (attach explanation) , , , , , S TM ,2 , , , $TI4'P, 3 , 20 -5 , 462 , 704 . G Z 21 Net assets or fund balances at end of ear combine lines 18 19 and 20 ~ 21 75 846 635 . For Paperwork Reduction Act Notice, see the separate instructions . Form 990 (2003) ,., JSA ~ \ 3E1010 2 000 803576 2062 V03-8 MIN1181 Form 99o (2oo3) 41-0953924 Page 2 [IM F of All organizations must complete column (A) Columns (B), (C), and (D) are required for section 501(cx3) and (4) organizations . Functional Expenses and section 4947(a)(1) nonexempt charitable trusts but optional for others (See page 22 of the instructions ) Do not include amounts reported on brie '~?z° Total (e) Program (C) Management (D) Fundraising 6b 8b 9b lOb Or 16 of Part I . (A) services and eeral 22 Grants and allocations (attach schedule) (cash $ noncash $ 511 2- 1 22 " {,~J . ' , `k ;`VC 23 Specific assistance to individuals (attach schedule) 23 24 Benefits paid to or for members (attach schedule) 24 - - `  25 Compensation of officers, directors, etc 25 2,396 , 599 . 742 751 . 1,064,850 . 588 , 998 . 26 Other salaries and wages , , , , , , , 26 19 , 398,343 . 15,876 , 726 . 21125 1 230 . 1 , 396,387 . 27 Pension plan contributions , , , , , , 27 1 030, 705 . 821,210 . 109,007 . 100, 488 . 28 Other employee benefits , , , , , , , 28 1, 765, 110 . 1,356,220 . 237 , 496 . 171 394 . 29 Payroll taxes        29 1 , 622,716 . 1,270,719 . 214 348 . 137 649 . 30 Professional fundraising fees , , , , , 30 118 , 844 . 118 , 844 . 31 Accounting fees , , , , , , , , , , , , 31 1 , 243 , 898 . 1 , 243 , 898 . 32 Legal fees , , , , , , , , , , , , , , , 32 200 377 . 43,266 . 157 111 . 33 Supplies         33 675 129 . 378 068 . 260 810 . 36 , 251 . 34 Telephone       , 34 511 926 . 414 , 350 . 68,760 . 28 , 816 . 35 Postage and shipping , , , , , , , , , 35 808 385 . 82 , 636 . 26,618 . 699 , 131 . 36 Occupancy        36 1 , 753 , 961 . 1 , 430 , 035 . 322 674 . 1 , 252 . 37 Equipment rental and maintenance, . 37 1, 399, 225 . 1 354, 560 . -141 . 44,806 . 38 Printing and publications , , , , , , , 38 734 363 . 86,389 . 6 , 411 . 641 , 563 . 39 Travel, , , , , , , , , , , , , , , , , , 39 461 005 . 304,432 . 117 799 . 38 , 774 . 40 Conferences, conventions, and meetings , 40 122,675 . 80 , 126 . 22 , 846 . 19 , 703 . 41 Interest, , , , , , , .~ ~~ 41 66 , 280 . 66,280 . 42 Depreciation, depletion, etc (aStt'aeh~s~ched~]I¬~. . 42 3 034, 620 . 2,253,284 . 767, 865 . 13 , 471 . 43 Other expenses not covered above (nem¢e) STM_P_4 3a 15 , i43,310 . 11,737,703 . 1 , 896,223 . 1 , 809 , 384 . b 3b c 43c d 3d e 3e 44 Total functional expenses (add lines 2z through 43) Oiganiza0ons completing columns (B)4D), carry these totals rolines l3-15, , , 1 44 1 52 787 471 . 38 298 755 . 8 , 641 , 805 . 5 , 846 , 911 . Joint Costs. Check " X if you are following SOP 98-2 . Are any joint costs from a combined educational campaign and fundraising solicitation reported in (B) Program services ? .1110. 7yes 7X No If "Yes," enter (i) the aggregate amount of these joint costs $ , (ii) the amount allocated to Program services $ ~y (iii) the amount allocated to Management and general $ , and (iv) the amount allocated to Fundraising $ iia Statement of Program Service Accomplish ments See page 25 of the instructions .) What is the organization's primary exempt purposes " _ STMT 5 Program Service ------Expenses All organizations must describe their exempt purpose achievements in a clear and concise manner State the number (Required for 5ot(cX3) and of clients served, publications issued, etc Discuss achievements that (a) orgs , and asa7(axi) are not measurable (Section 501(c)(3) and (4) trusts, but optional for organizations and 4947(a)(1) nonexempt charitable trusts must also enter the amount of grants and allocations to others ) others ) a SEE-STATEMENT-5______-__------Grants and allocations $ NONE 38 298 755 . b ------(Grants and allocations $ ) c ------(Grants and allocations $ ) d ------Grants and allocations $ e Other pro gram services attach schedule Grants and allocations $ f Total of Program Service Expenses (should equal line 44, column (B), Program services) . . . . " 38, 298, 755 . 3E1ozo 1 o0o Forth 990 (2003) 803576 2062 V03-8 MIN1181 41-0953924 Form 990 (2003) Page 3 " [M Balance Sheets (See page 25 of the instructions .) Note : Where required, attached schedules and amounts within the description (A) (B) column should be for end-of-year amounts only Beginning of year End of year 45 Cash - non-interest-bearing . . . . . , ...... 1 772 783 . 45 3 , 657 , 339 . 46 Savings and temporary cash investments . , ...... 46

47a Accounts receivable , , , , , , , , , , , , , , , , 47a 11,693 , 748 b Less . allowance for doubtful accounts 47b 606 , 486 . 14,828,277 .47c 11,087,262 .

48a Pledges receivable , , , , , , , , , , , , , 48a 8,515,739 . b less : allowance for doubtful accounts , 48b 4 , 395 , 991 . 48c 8 , 515 , 739 . 4 9 Grants receivable                 1 , 559 , 410 . 4 9 3 , 526 , 105 . 50 Receivables from officers, directors, trustees, and key employees (attach schedule) ...... 50 51a Other notes and loans receivable (attach schedule) , , , , , , , , , , , , , , , , . , , , , , 51 a y b less' allowance for doubtful accounts , , , , , , 51 b Sic Q 52 Inventories for sale or use , , , , , , , , , , , , , , , , , , , , , , , , , , , , 52 53 Prepaid expenses and deferred charges ...... 574 210 . 53 495,673 . 54 Investments - securities (attach schedule) , , , , , , " El Cost . EIFMV 54 55a Investments - land, buildings, and equipment . basis          55a b Less : accumulated depreciation (attach ' , schedule)            5 5 b 5 5 c 56 Investments - other (attach schedule) ...... , . . STMT. 6 . 30 .367 197 . 56 33 , 193 , 159 . 57a Land, buildings, and equipment: basis , . , , , , , 57a 52 , 886 , 993 . b Less' accumulated depreciation (attach schedule) , , , , , , , , , , , , , , 'fMT ,13, , 57b 28 , 026 , 492 . 23 747 625 . 57c 24 860 501 . 58 Other assets (describe " STMT 7 ) 8 925 280 . 58 10 143 230 .

59 Total assets (add lines 45 through 58) (must equal line 74) ...... 86 170 773 . 59 95 479 008 . 60 Accounts payable and accrued expenses , , , , , , , , , , , , , , , , , , , , 1 , 404 , 362 . 60 2 , 493 , 029 . 61 Grants payable .  , . .  . .  . . .  , ., ., 61 62 Deferred revenue ...... , ...... NO 62 13 , 219 . 63 Loans from officers, directors, trustees, and key employees (attach 21.I,Lt schedule) ...... 63 J 64a Tax-exempt bond liabilities (attach schedule) . , , . . , . . , 9 655, 000 . 64a 9 , 655 , 000 . b Mortgages and other notes payable (attach schedule) , , , , , , , ~ 3 , 023 , 787 . 64b 3 , 434 , 192 . 65 Other liabilities (describe " STMT 8 ) 3 393 344 . 65 4 , 036 , 933 .

66 Total liabilities (add lines 60 through 65) ...... , ...... 17, 476, 493 . 66 19,632,373 . Organizations that follow SFAS 117, check here " ~X J and complete lines 67 through 69 and lines 73 and 74. ~; s'.4 67 Unrestricted  , 33,476 308 . 67 33 857 024 . 68 Temporarily restricted , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , 17 142, 441 . 68 21, 609 , 862 . m 69 Permanently restricted ...... 18 075, 531 . 69 20 379 749 . Organizations that do not follow SFAS 117, check here " 0 and complete lines 70 through 74. a`:3~, 0 70 Capital stock, trust principal, or current funds , , , , , , , , , , , , , , , , , , 70 w 71 Paid-in or capital surplus, or land, building, and equipment fund , , , , , , , , 71 y 72 Retained earnings, endowment, accumulated income, or other funds , , , , , 72 73 Total net assets or fund balances (add lines 67 through 69 or lines 70 through 72; column (A) must equal line 19; column (B) must equal brie 21) _~ 74 Total liabilities and net assets / fund balances add lines 66 and 73 . 86,170, 773 . 74 95, 479 008 . Form 990 is available for public inspection and, for some people, serves as the primary or sole source of information about a particular organization. How the public perceives an organization in such cases may be determined by the information presented on its return . Therefore, please make sure the return is complete and accurate and fully describes, in Part III, the organization's programs and accomplishments . JSA 3E1030 2 000 803576 2062 V03-8 MIN1181 41-0953924 Form 990 (2003) Page 4 Keconciiiation or rcevenue per Auaitea Financial Statements with Revenue per Financial Statements with per Return See page 27 of the instructions . Return a Total revenue, gains, and other support a Total expenses and losses per per audited financial statements , , " a 67 , 528 audited financial statements " a b Amounts included on line a but not on b Amounts included on tine a but not line 12, Form 990 on line 17, Form 990- (1) Net unrealized gains (1) Donated services on investments , , E 982,215 . and use of facilities $ (2) Donated services (2) Prior year adjustments and use of facilities $ reported on line 20, (3) Recoveries of prior Form 990 , , , , , $ year grants , , , , $ (3) Losses reported on (4) Other (specify) line 20, Form 990 $ (4) Other (specify) MIT 9 $ 1, 143 , 443 . Add amounts on lines (1) through (4) "L STMT 10 $ 7, 588, 362 . Add amounts on lines (1) through (4) , , c Line a minus line b     , " c c Line a minus line b   , _  , d Amounts included on line 12, d Amounts included on line 17, Form 990 but not on line a: Form 990 but not on line a: (1) Investment expenses (1) Investment expenses not included on line not included on line 6b, Form 990 $ 6b, Form 990 , , , $ (2) Other (specify) (2) Other (specify)

S Add amounts on lines (1) and (2) , , " d Add amounts on lines (1) and (2) lo- d e Total revenue per line 12, Form 990 a Total expenses per line 17, Form 990 line c plus line d ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ " e 65 , 402 , 530 . 1 line c plus line d ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ " e 52 787 471 . List of Officers, Directors, Trustees, and Key Employees (List each one even if not compensated, see page 27 of

organization and all related organizations, of which more than $10,000 was provided by the related organizations? " X Yes a No If "Yes," attach schedule - see page 28 of the instructions ~~ S 1 1-1 T I L- Fom, 990 (2003)

JSA 3E1040 2 000 803576 2062 V03-8 MIN1181 Other Information (See page 28 of the instructions .) I Yesl No 76 Did the organization engage in any activity not previously reported to the IRS If "Yes," attach a detailed description of each activity , , 76 X 77 Were any changes made in the organizing or governing documents but not reported to the IRS? , , , , , , , , , , , , , , , , , , , 77 X If "Yes," attach a conformed copy of the changes 78a Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return? , , , , , , , , , 78a X b If "Yes," has it filed a tax return on Form 990-T for this years , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , _ , , , , , , 78b X 79 Was there a liquidation, dissolution, termination, or substantial contraction during the year's If "Yes," attach a statement , , , , , , , , 79 X 80a Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc , to any other exempt or nonexempt organizations . . _ . . . . , , . , . , . , . 80a X b If "Yes," enter the name of the organizationt SEE STATEMENT 21 and check whether it is X exempt or X nonexempt 81a Enter direct and indirect political expenditures See line 81 instructions. , , , , , , , , , , , , , , , 81a NO b Did the organization file Form 1120-POL for this years ...... , ...... , ...... 81b X 82a Did the organization receive donated services or the use of materials, equipment, or facilities at no charge or at substantially less than fair rental values , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , 82a X b If "Yes," you may indicate the value of these items here Do not include this amount as revenue in Part I or as an expense m Part II . (See instructions m Part III ) , , , , , , , , , , , , , , 82b 271 , 163 . 83a Did the organization comply with the public inspection requirements for returns and exemption applications? , , , , , , , 83a X b Did the organization comply with the disclosure requirements relating to quid pro quo contributions , , , , , , , , , , , , 83b X 84a Did the organization solicit any contributions or gifts that were not tax deductibles , , , 84a N b If "Yes," did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible? , , . , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , 84b N 85 501(c)(4), (5), or (6) organizations. a Were substantially all dues nondeductible by members , , , , , , , , , , , , , , , , , , , , . 85a N b Did the organization make only in-house lobbying expenditures of $2,000 or less? , , . . . . . , . . . . , ...... 85b N If "Yes" was answered to either 85a or 85b, do not complete 85c through 85h below unless the organization received a waiver for proxy tax owed for the prior year c Dues, assessments, and similar amounts from members ...... , . . , ...... 85c N/A d Section 162(e) lobbying and political expenditures , , , , , , , , , , , , , , , , , , , , , , , , , 85d N/A e Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices , , , , , , , , , , , , , , , 85e N/A f Taxable amount of lobbying and political expenditures (line 85d less 85e) , , , , , , , , , , , , , , 85f N/A g Does the organization elect to pay the section 6033(e) tax on the amount on line 85f? . , . , , , , , , , , , , , , , , . _ , , , . . 85 N h If section 6033(e)(1 )(A) dues notices were sent, does the organization agree to add the amount on line 85f to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year, , , , . . , , , . . . . , 85h N 86 501(c)(7) orgs. Enter a Initiation fees and capital contributions included on line 12 , , , , , , 86a N/A b Gross receipts, included on line 12, for public use of club facilities , , , , , , , , , , , , , , , , , , 86b N/A 87 501(c)(12) orgs. Enter a Gross income from members or shareholders , , , . , , , , , , . 87a N/A b Gross income from other sources (Do not net amounts due or paid to other sources against amounts due or received from them ) , , , , , _ , , , , , , . , , , , , . , , , , , 87b NIA 88 At any time during the year, did the organization own a 50% or greater interest in a taxable corporation or partnership, or an entity disregarded as separate from we organization under Regulations sections 301 .7701-2 and 301 7701-3? If "Yes," complete Part IX 88 89a 501(c)(3) organizations Enter' Amount of tax imposed on the organization during the year under section 4911 jo. NONE : section 4912 " NONE , section 4955 1110- NONE b 501(c)(3) and 501(c)(4) orgs Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year? If `Yes," attach a statement explaining each transaction ...... , ...... , ...... , , . . . . . , . . . . , , ggb X c Enter: Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912,4955,and4958  . ., .  , . ., .  . .  , . . .  ., . . . . .  , ...... " NONE d Enter' Amount of tax on line 89c, above, reimbursed by the organization . . . . , ...... , . . . . . , ...... , . 1 NONE 90a List the states with which a copy of this return is flied ~MINNSSOTA, WISCONSIN, MICHIGAN, CALIFORN=/~ b Number of employees employed in the pay period that includes March 12, 2003 (See instructions) , , , , , , , , , , , , , , , , , , I 90b 1379 91 The books are m care of 00- JEFFREY ENGSLRING Telephone no " 651-2 90-1413 Located at, 444 CEDAR STREET, ST . PAUL, MN ZIP+a 1 55101 92 Section 4947(a)(1) nonexempt charitable trusts filing Form 990 in lieu of Form 1041-Check here , , , , , . , , , , , , . , , . . . . , ...1 enter ~I~c°-amouamou nt v~""sri8n_cn$rirVt 'n cai icceFV ef~9F2CCfU~ Form 990 (2003)

JSA 3E 1041 2 000

803576 2062 V03-8 MIN1181 Form Y1- V77D7LY ligaWa Analysis or income-rroaucing Activities see page J3 or the instructions .) Note : Enter gross amounts unless otherwise Unrelated business income Excluded by section 512, 513, or 514 (E) indicated Related or (A) (B) (C) (p) exempt function easiness cone Amount Exclusion code Amount 93 Nogram service revenue income a -PROGRAM SERVICE 454110 115 , 165 11 776 509 . b- REVENUE c -UNDERWRITING 119,850 . d e f Medicare/Medicaid payments , , , , , , , g Fees and contracts from government agencies , 94 Membership dues and assessments . . . 547 , 256 . 95 Interest on savings and temporary cash investments 96 Dividends andinterest from securities . . 14 478 87 5 . 97 Net rental income or (lass) from real estate: a debt-financed property ...... b not debt-financed property ...... 98 Netrental income a(loss) from personal property . . 900002 597 , 703 . 16 -666 , 615 . 99 Other investment income . . . , . . , . 100 Gam or (joss) from sales of assets other than inventory 18 7 , 274 , 808 . 101 Net income or (loss) from special events . 102 Gross profit or (loss) from sales of inventory , 19 , 484 . 103 Other revenue.a b -ROYALTIES 15 1 1 635 , 313 . c MINORITY INTEREST Ir1 JV -11 , 166 . d -PARTNERSHIP INCOME -34 , 062 . e 104 Subtotal (add columns (B), (D), and (E)) . . ~ J 712,868J 8,722,381 . . 12,417,871 . 105 Total (add line 104, columns (B), (D), and (E)) ...... , , ~ 21,853,120 . Note: Line 105 plus line 1d, Part l, should equal the amount on line 12, Part 1 Relationship of Activities to the Accomplishment of Exempt Purposes (See age 34 of the instructions .) Line No. Explain how each activity for which income is reported in column (E) of Part VII contributed importantly to the accomplishment of the organization's exempt purposes (other than by providing funds for such purposes) 93A SEE STATEMENT IB 94 SEE STATEMENT I`t 103 3$E STATEMENT 71)

KOMM Information Regarding Taxable Subsidiaries and Disregarded Entities See page 34 of the instructions . (A) (B) Icy (D) e, Name, address, and EIN of corporation, Percentage of Nature of activities Total income End -0fYear partnership , or dis regarded enti ty ownershi p interest assets STMT 15 ~ % 83,381 . 5 951 ~0*

Information Regarding Transfers Associated with Personal Benefit Contracts (See page 34 of the instructions ) (d) Did the organization, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contracts Yes g NO (b) Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ~ Yes g No Note : If "Yes" to (b), file Form 8870 and Form 4720 (see instructions Und nalties of perjury, I declare that I have examined this rata a el~ f, it is true, correct, and comp etc Declaration of prepare Please vY Sign ' , atureofofficer Here ' Type or print name and title

Preparers \ `, ' , , ~ l+ 

PrePerer'S Firm's name (or yours DELOITTE Use 0111y if self-employed), ' 120 S 6T address, and ZIP + 4

JSA 3E1050 7 000 803576 2062 V03-8 SCHEDULE A Organization Exempt Under Section 501(c)(3) OMB No 1545-0047 (Except Private Foundation) and Section 501(e), 5010, 501(k), (Form 990 of 990-EZ) 501(n), or Section 4947(a)(1) Nonexempt Charitable Trust ' Department of the Treasury Supplementary Information - (See separate instructions.) 2003 Internal Revenue Smote " MUST be completed by the above organizations and attached to their Form 990 or 990-EZ Name of the organization Employer identification number MINNESOTA PUBLIC RADIO 41-0953924 Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (See page 1 of the instructions . List each one. If there are none, enter "None.") (a) Name and address of each employee paid more (b) Title and average (d) Contnbutrons to (e) E~ense hours per week (c) Compensation employee benefit plans & account and other than $50,000 devoted to position deferred comoensation allowances

DIANA NYAD ...... ~ HOST, SAWY TRA LHR 45 BAST 7TH STREET ST PAUL . lei 55101 FULL TIME 174,040 . 15,010 .

DAVID_BROWN...... d HOST/SENIOR EDIT ~R, MAQC,CTRJ1C1.-. 45 EAST 7TH STREET FULL TIME I 161 .059 .1 1,247 .

CHRISTOPHER_FARRELL------J CHIEF ECONOMIC CRR~ 45 EAST SEVENTH STREET ST . PAUL . MN 55101 IFULL TIME I 148,470 .1 14 .165 .

MICHAEL-SROLER------~ MANAGING DIR, ILIC IPlS24H7 45 EAST SEVENTH STREET ST . PAUL . DST 55101 FULL TIME 129,054 . 3 .998

ELTON_LANGLAND------J ACCT . EXEC . IINDH$wRITZNk1 45 BAST SEVENTH STREET

Total number of other employees paid over $50,000 . 175 . . Compensation of the . Five Highest Paid Independent Contractors for Professional Services (See page 2 of the instructions . List each one (whether individuals or firms). If there are none, enter "None.")

(a) Name and address of each independent contractor paid more than $50,000 (b) Type of service (c) Compensation

IiAI~tEL1-GREEN & ABRAiiAMSONI_ INC_____-______---__

3,346 .

PREMIER NBTWORKI_ ------INC .

65

CUSTOMER ELATIONl_ ------INC .

170,054 .

FAEGRL & BENSON

90 S 7TH ST MN 55402 LLGAL

NANCY KRIISE & PARTNERS

1875 CONNECTICUT AVE NW STE 710 WASHIN " FUND Total number of others receiving over $50,000 for0 . ~ 2WDt professional services ...... NONE For Paperwork Reduction Act. *Notice, . . . see. .the. Instructions for Forth 990 and Form 990-EZ . Schedule A (Forth 990 or 990-EZ) 2003 JSA

3E 1210 2 000 803576 2062 V03-8 MIN1181 Schedule A (Form 990 or 990-EZ) 2003 41-0953924 Page 2 Statements About Activities See page 2 of the instructions . Yes No 1 'During the year, has the organization attempted to influence national, state, or local legislation, including any attempt to influence public opinion on a legislative matter or referendums If "Yes," enter the total expenses paid or incurred in connection with the lobbying activities " $ S`W 22 5,901 . (Must equal amounts online 38, Part VI-A, or line i of Part VI-B ) , , , , , , , , , , , , , , , , , , , , , , , , , , _ , , , , , , , , , , , , , . , , , , , , , 1 X Organizations that made an election under section 501(h) by filing Form 5768 must complete Part VI-A Other organizations checking "Yes," must complete Part VI-B AND attach a statement giving a detailed description of the lobbying activities 2 During the year, has the organization, either directly or indirectly, engaged in any of the following acts with any substantial contributors, trustees, directors, officers, creators, key employees, or members of their families, or with any taxable organization with which any such person is affiliated as an officer, director, trustee, majority owner, or principal beneficiary (I( the answer to any question is "Yes," attach a detailed statement explaining the transactions) a Sale, exchange, or leasing of property , , , , , , , , , , , , , , , , , , , , . , , , , , , , , S~T ,11 , , , , , , , , 2a X

b Lending of money or other extension of credits , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

c Furnishing of goods, services, or facilities , , , , , , , , , , , , , , , , , , , . . , , , , , , . , . .~'. . . . 1~......

d Payment of compensation (or payment or reimbursement of expenses if more than $1,000) ;x- ., 7 bem, qqP, ?W . I[

e Transfer of any part of its income or assets , . , , , , , , , , , , , . , , , , , , , , , , , , , , . , , , . , , , , , , , , 3a Do you make grants for scholarships, fellowships, student loans, etc. (If "Yes ;" attach an explanation of how you determine that recipients qualify to receive payments.) , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , b Do you have a section 403(b) annuity plan for your employees , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

4 Did you maintain any separate account for participating donors where donors have the right to provide advice on the use or distribution of funds ...... 1_41 1 X Reason for Non-Private Foundation Status (See pages 3 through 6 of the instructions.)

The or anization is not a private foundation because it is (Please check only ONE applicable box ) 5 A church, convention of churches, or association of churches Section 170(b)(1)(A)(i) 6 A school Section 170(b)(1)(A)(ii) (Also complete Part V.) T A hospital or a cooperative hospital service organization . Section 170(b)(1)(A)(m) 8 A Federal, state, or local government or governmental unit Section 170(b)(1)(A)(v) 9 U A medical research organization operated in conjunction with a hospital . Section 170(b)(1)(A)(ih) Enter the hospital's name, city, and state 1------10 a An organization operated for the benefit of a college or university owned or operated by a governmental unit Section 170(b)(1)(A)(rv) (Also complete the Support Schedule m Part IV-A ) 17 a X An organization that normally receives a substantial part of its support from a governmental unit or from the general public Section 170(b)(1)(A)(w) (Also complete the Support Schedule m Part IV-A ) 11b B A community trust Section 170(b)(1)(A)(~) (Also complete the Support Schedule in Part IV-A 12 An organization that normally receives (1) more than 33 il3°/. of its support from contributions, membership fees, and gross receipts from activities related to its charitable, etc., functions - subject to certain exceptions, and (2) no more than 33 113% of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired F_] by the organization after June 30, 1975 See section 509(a)(2) (Also complete the Support Schedule in Part IV-A ) 13 An organization that is not controlled by any disqualified persons (other than foundation managers) and supports organizations described in (1) lines 5 through 12 above, or (2) section 501(c)(4), (5), or (6), if they meet the test of section 509(a)(2) (See section 509(a)(3) 1

(b) Line number (a) Name(s) of supported organization(s) I from above

7 4 F _ I An organization organized and operated to test for public safety Section 509(a)(4) (See pane 6 of the instructions JSA 3E1220 2 000 Schedule A form 980 or 990-EZ 2003

803576 2062 V03-8 MIN1181 Schedule A Form 990or990-EZ 2003 41-0953924 Page 3 Support Schedule (Complete only if you checked a box on line 10, 11, or 12.) Use cash method ofaccounting. Nbte : You ma use the worksheet in the instructions for converting from the accrual to the cash method of accountin Calendar year (or fiscal year beginning in) . a 2002 b 2001 c 2000 d 1999 e Total 15 Gifts, grants, and contributions received (Do notinclude unusual qrants See line28) " . . . . 42,652,214 . 32,628,546 . 33,391,316 . 27,033,268 .1 135705344 . 16 Membership fees received . . .1 603,423 .1 661,808 . 17 Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities m any activity that is related to the organization's charitable, etc , purpose . 149 .1 7,469 .612 .1 8,263,619 .E 5,989 .3 18 Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975 19 Net income from unrelated business activities not included in line 18 20 Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf 21 The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without char ge 22 Other income Attach a schedule Do not gar ILy include gam or (loss) from sale of capital assets -37 , 218 . -32 , 443 . -8 , 597 . -9 , 828 . -88 086 . 23 Total of lines 15 through 22 . . 55 833 129 . 42 989 175 . 45 , 077 , 177 . 36 , 575 , 556 . 180475037 . 24 Line 23 minus line 17 . . 46 667 980 . 35 , 519 , 563 . 36 813 558 . 30 586 208 . 149587309 . 25 Enter l%ofline 23 ~ 558 331 . 429 892 . 450 , 772 . 11 365 756 . 26 Organizations described on lines 10 or 11 : a Enter 2% of amount in column (e), line 24 , , , , , , , , , , , , , , , 10. 26a 2 , 991,746 . b Prepare a list for your records to show the name of and amount contributed by each person (other than a governmental unit or publicly supported organization) whose total gifts for 1999 through 2002 exceeded the amount shown in line 26a Do not file this list with your return . Enter the total of all these excess amounts " 26b NONE c Total support for section 509(a)(1) test Enter line 24, column (e) , ...... , ...... , lo- 26c 3.49587309 . d Add Amounts from column (e) for lines 18 11,568,745 . 19 22 -88,086 . 26b NONE , , , , , , , , , , , , " 26d 11480659 . e Public support (line 26c minus line 26d total) , , , , , , , , _ , , , , , , , _ , , , , , , , , , , , , , , , , , , , , , , "~ 26e ~ 138106650 .

27 Organizations described on line 12 : a For amounts included in lines 15, 16, and 17 that were received from a "disqualified person," prepare a list for your records to show the name of, and total amounts received in each year from, each "disqualified person ." Do not file this list with your return . Enter the sum of such amounts for each year

(2002) ____-______(2001) ______-______(2000) _-_ NOT APPLICABLE _ (1999) __--______b For any amount included in line 17 that was received from each person (other than "disqualified persons"), prepare a list for your records to show the name of, and amount received for each year, that was more than the larger of (1) the amount on line 25 for the year or (2) $5,000 (Include in the list organizations described m lines 5 through 11, as well as individuals ) Do not file this list with your return . After computing the difference between the amount received and the larger amount described m (1) or (2), enter the sum of these differences (the excess amounts) for each year (2002) (2001) (2000) ------(1999)------

c Add Amounts from column (e) for lines- 15 16 17 20 21 d Add Line 27a total and line 27b total , , e Public support (line 27c total minus line 27d total) " " " " " " f Total support for section 509(a)(2) test Enter amount from line 23, column (e) . . . . . " . 111.1 27E g Public support percentage (line 27e (numerator) divided by line 27f (denominator)) ...... ~~...... ,..,...~ ..,...... ~~ ,...... ,...... ,...... o .....,...... ,. ~. . ...o ..., ...... ~...... 28 Unusual Grants: For an organization described in line 10, 11, or 12 that received any unusual grants during 1999 through 2002, prepare a list for your records to show, for each year, the name of the contributor, the date and amount of the grant, and a brief description of the nature of the grant Do not file this list with your return . Do not include these grants in line 15 Jsn Schedule A (Forth 990 or 990-EZ) 2003 3E 1221 2 000

803576 2062 V03-8 MIN1181 Schedule A(Fofm99oors9o-EZ)2oo3 41-0953924 Page 4 ,/ Private School Questionnaire (See page 7 of the instructions .) NOT APPLICABLE (To be completed ONLY by schools that checked the box on line 6 in Part IV)

29 Does the organization have a racially nondiscriminatory policy toward students by statement in its charter, bylaws, Yes No other governing instrument, or m a resolution of its governing body 29 30 Does the organization include a statement of its racially nondiscriminatory policy toward students in all its brochures, catalogues, and other written communications with the public dealing with student admissions, programs, and scholarships 30 31 Has the organization publicized its racially nondiscriminatory policy through newspaper or broadcast media during the period of solicitation for students, or during the registration period if it has no solicitation program, in a way that makes the policy known to all parts of the general community it serves ...... , ...... 31 If "Yes," please describe; if "No," please explain . (If you need more space, attach a separate statement.) ------32 Does the organization maintain the following - a Records indicating the racial composition of the student body, faculty, and administrative staffs ...... 32a b Records documenting that scholarships and other financial assistance are awarded on a racially nondiscriminatory basis'? 32b c Copies of all catalogues, brochures, announcements, and other written communications to the public dealing with student admissions, programs, and scholarships? ...... 32c d Copies of all material used by the organization or on its behalf to solicit contributions? ~ . 32d

If you answered "No" to any of the above, please explain. (If you need more space, attach a separate statement.) ------33 Does the organization discriminate by race m any way with respect to.

a Students' rights or privileges?    . .   . . . , ......  . , ......  ......  33a

b Admissions policies 33b

c Employment of faculty or administrative staff? , , . . . , , ...... , , ...... , ...... , 33c

d Scholarships or other financial assistance 33d

e Educational policies 33e

f Use of facilities 33f

g Athletic programs ...... 33

h Other extracurricular activities?

If you answered "Yes" to any of the above, please explain (If you need more space, attach a separate statement.) ------

34a Does the organization receive any financial aid or assistance from a governmental agency , . _

b Has the organization's naht to such aid ever If you answered "Yes" to either 34a or b, please explain using an attached statement.

35 Does the organization certify that it has complied with the applicable requirements of sections 4.01 through 4 .05 of Rev. Proc. 75-50, 1975-2 C.B. 587, covering racial nondiscrimination If "No," attach an explanation 2302000 Schedule A (Form 990 or 980-EZ)2003

803576 2062 V03-8 MIN1181 Schedule A Form 990 or 990-EZ 2003 41 -0 95392 4 Page 5 Lobbying Expenditures by Electing Public Charities (See page 9 of the instructions .) (To be completed ONLY by an eligible organization that filed Form 5768) Check " a if the organization belongs to an affiliated group Check t b if you checked "a" and "limited control" provisions apply (a) (b) Limits on Lobbying Expenditures Affiliated group To be completed totals for ALL electing (The term "expenditures" means amounts paid or incurred .) organizations 36 Total lobbying expenditures to influence public opinion (grassroots lobbying) . . . 36 37 Total lobbying expenditures to influence a legislative body (direct lobbying) 37 5 1 901 . 38 Total lobbying expenditures (add lines 36 and 37) . . . . . , .lt?(M, 22.. , , , . 38 5 , 901 . 39 Other exempt purpose expenditures , , , , , , , , , , , , , , , , , , . , , , , , , 39 52 781 570 . 40 Total exempt purpose expenditures (add lines 38 and 39) 40 52 787 471 . 41 Lobbying nontaxable amount Enter the amount from the following table - If the amount on line 40 is - The lobbying nontaxable amount is - Not over $500,000 , , , , , , , , , , , , 20% of the amount on line 40 Over $500,000 but not over $1,000,000 , , , $100,000 plus 15% of the excess over $500,000 Over $1,000,000 but not over $1,500,000 . . $175,000 plus 10% of the excess over $1,000,000 41 1,000 , 000 . Over $1,500,000 but not over $17,000 .000 , , $225,000 plus 5% of the excess over $1,500,000 Over $17,000,000 , , , , , , , . , , , , $1,000,000 , , . . . , 42 Grassroots nontaxable amount (enter 25% of line 41), ...... , , , . . 42 250 , 000 . 43 Subtract line 42 from line 36. Enter -0- if line 42 is more than line 36 43 44 Subtract line 41 from line 38. Enter -0- if line 41 is more than line 38 . . " . . . 44

Caution: If there is an amount on either line 43 or line 44 you must file Form 4720. 4-Year Averaging Period Under Section 501(h) (Some organizations that made a section 501(h) election do not have to complete all of the five columns below. See the instructions for lines 45 through 50 on page 11 of the instructions .

Lobbying Expenditures During 4-Year Averaging Period

Calendar year (or fiscal (a) (b) (c) (d) (e) ear beginni ng in " 2003 2002 2001 2000 Total Lobbying nontaxable 45 amount 1 , 000 , 000 . 1 1 000 1 000 . 1 , 000 , 000 . 11000,000 . 4,000 000 . Lobbying ceiling amount

Grassroots nontaxable 0 Grassroots ceding amount

Grassroots lobbying

Lobbying Activity by Nonelecting Public Charities For reporting only b organizations that did not complete Part VI-A ) See page 12 of the instructions. During the year, did the organization attempt to influence national, state or local legislation, including any Yes No Amount attempt to influence public opinion on a legislative matter or referendum, through the use of a Volunteers N A b Paid staff or management (Include compensation in expenses reported on lines c through h.) . , , N A c Media advertisements N A d Mailings to members, legislators, or the public, , , , , , . , , . , , . , , , , , . . , , , , , , , . , N A e Publications, or published or broadcast statements , , , , , , , , , , , , , , , , , , , , , , , , , , N A f Grants to other organizations for lobbying purposes , , , , , , , _ , , , , , , , , , , , , , , , , , N A g Direct contact with legislators, their staffs, government officials, or a legislative body . . . . , , . . N A h Rallies, demonstrations, seminars, conventions, speeches- lectlirp,, . or any other means i Total lobbying expenditures (Add lines c through h .), , , , , , , , , , , , , , , , , , , , , , , , , , If "Yes" to any of the above, also attach a statement giving a detailed description of the lobbying activities JSA Schedule A (Form 990 or 990-EZ) 2003 3E1240 2 000

803576 2062 V03-8 MIN1181 Schedule A (Form 990or990-EZ 2003 41-0953924 Page 6 Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations (See page 12 of the instructions .) 51 aid the reporting organization directly or indirectly engage in any of the following with any other organization described m section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations? a Transfers from the reporting organization to a nonchantable exempt organization of (i) Cash ...... 51a(i) X (ii) Other assets ...... b Other transactions - (I) Sales or exchanges of assets with a nonchantable exempt organization . . . _ ...... , , . . , , (ii) Purchases of assets from a nonchantable exempt organization ...... (iii) Rental of facilities, equipment, or other assets , , , , , , . . . . , . , , . , , , . , , , , . , , , , , , , (iv) Reimbursement arrangements       , _             . .  b(iv) X (v) Loans or loan guarantees , , , , , , . , . . . . . , . . . , , , , , , , , , , , , , , , , , , , , , , , . . . , (vi) Performance of services or membership or fundraising solicitations , , , , , , , , , , , , , , , , , , , , , , c Sharing of facilities, equipment, marling lists, other assets, or paid employees , , , . , , , , . . , . , , , . , . , , d If the answer to any of the above is "Yes," complete the following schedule Column (b) should always show the fair market value of the goods, other assets, or services given by the reporting organization If the organization received less than fair market value m any

52 a Is the organization directly or indirectly affiliated with, or related to, one or more tax-exempt organizations described in section 501(c) of the Code (other than section 501(c)(3)) or m section 527? , , , , , , , , , " 0 Yes X No b If "Yes." complete the followma schedule (a) (c) Name of organization Description of relationship

Schedule A (Form 990 or 990-EZ) 2003 JSA 3E1250 2 000

803576 2062 V03-8 MIN1181 MINNESOTA PUBLIC RADIO 41-0953924 RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX ST. PAUL, MINNESOTA YEAR ENDED JUNE 30, 2004

FORM 990, PART I, LINE 8 Gain or Loss on Sale of Assets other than Inventory :

LINE 8W:

2,927 Gain on Investment 4c 1,606,108 Total Gain (Loss) on Sale of Other Property 1,609,035

line 8(B):

On January 16, 2004, MPR sold commercial Proceeds 6,447,000 radio station WMNN (1330 AM), Minneapolis, MN Cost 881,227 to Advance Acquisition Inc. for $6,750,000 subject Gain 5,565,773 to Federal Communications Commission ("FCC") approval . The FCC approved the sale, which subsequently closed on May 14, 2004 . MNN had operated WMNN (1330 AM) under a local management agreement with MPR. MNN paid royalties to MPR of $13,000 in fiscal year 2004 and $71,000 in fiscal year 2003 under this local management agreement . The net proceeds of the sale of $6,447,000 were transferred to APMG for investment on the APMG earned endowment for the benefit of MPR.

On March 1, 2004, MNN sold most of its assets to Saga Proceeds 100,000 Communications Corporation for $3,250,000. The MNN Cost 0 name and other items of intellectual property were owned Gain 100,000 and licensed by MPR to MNN . MPR received $100,000 from MNN for the sale of this intellectual property. MPR believes $100,000 was the fair market value of the intellectual property.

GRAND TOTAL 7,274,808

Z~e~k 0."I46 Iauc 1.y6V1 YCqU~e%--, r

STATEMENT 1 MINNESOTA PUBLIC RADIO 41-0953924

FORM 990, PART I - OTHER INCREASES IN FUND BALANCES

DESCRIPTION AMOUNT

PARTNERSHIP LOSS 1,713 . UNREALIZED GAIN ON INVESTMENT 982,215 . ------TOTAL 983,928 .

STATEMENT 2

803576 2062 V03-8 MIN1181 MINNESOTA PUBLIC RADIO 41-0953924

FORM 990, PART 2 - OTHER DECREASES IN FUND BALANCES

DESCRIPTION AMOUNT ------

TRANSFER TO APMG ENDOWMENT 6,446,632 . ------TOTAL 6,446,632 .

STATEMENT 3

803576 2062 V03-8 MIN1181 MINNESOTA PUBLIC RADIO 41-0953924

FORM 990,1 PART II - OTHER EXPENSES

PROGRAM MANAGEMENT DESCRIPTION TOTAL SERVICES AND GENERAL FUNDRAISING ------

PROGRAMMI NG 11496856 . 11011561 . 385,348 . 99,947 . ADMINISTRATIVE 1,406,632 . 297,486 . 942,268 . 166,878 . PROMOTION & DEVELOPMENT 2,419,144 . 1,134,471 . 133,785 . 1,150,888 . INSURANC 318,768 . 317,554 . 1,214 . TAXES - RELATED INCOME 64,662 . 64,662 . CAPITAL C PAIGN FUNDRAISING S'TRFF 389,566 . 389,566 . NEW BUILDING FINANCING COSTS 193,231 . 139,734 . 52,606 . 891 . LESS : RE AL EXPENSE INCLUDED Or"1 PTT Z -845,549 . -845,549 . ------TOTALS I 15443310 . 11737703 . 1,896,223 . 1,809,384 .

803876 2062 V03-8 MIN1181 STATEMENT 4 1 MINNESOTA PUBLIC RADIO 41-0953924 RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX SAINT PAUL, MINNESOTA YEAR ENDED JUNE 30, 2004

FORM 990. PART III . (a)

The mission of Minnesota Public Radio regionally and American Public Media nationally is to enrich the mind and nourish the spirit, thereby enhancing the lives and expanding the perspectives of our audiences and assisting them in strengthening their communities .

American Public Media (APM), throughout America, and Minnesota Public Radio (MPR), throughout the region, seek audiences interested in expanding their horizons and perspectives; in learning, being informed, inspired, and entertained ; in enjoying arts and cultural experiences; in understanding, being challenged, and finding pleasure and excitement in ongoing personal growth ; and in making a commitment to the improvement of their communities .

In order to accomplish this mission in FY04 (TAX03), MPR operated a network of 37 noncommercial (educational) public radio stations that, in conjunction with MPR's network production center, produced and acquired and broadcast two program services (a full-time service of classical music programming as well as a fulltime service of news & information programming) totaling over 17,500 hours of broadcasting. At least one MPR broadcast signal was available to at least 96% of the population of Minnesota, as well as substantial segments of the population of neighboring states.

We estimate that during FY04 (TAX03), a weekly total of 681,700 people listened to the radio programming broadcast by the regional radio stations of MPR

Through its American Public Media activity, approximately 9,900 hours of programming produced or acquired by Minnesota Public Radio was distributed to other public radio stations throughout the United States during the year. We estimate that in FY04 (TAX03), a weekly total of 13 .6 million people listened to noncommercial educational radio programming produced and distributed by MPRJAPM.

MPRIAPM also maintain comprehensive websites at www.MinnesotaPubIicRadio.org and www .AmericanPubIicMedia.org, providing public service information

These activities were pursued consistent with the public policy objectives set forth in Part IV of the Communications Act of 1934 (as amended) .

A more complete description of FY04 activities is attached.

STATEMENT 5 (1/6) FY04 Activities of Minnesota Public Radio I American Public Media

During Fiscal Year 2004, Minnesota Public Radio (MPR) operated 37 regional public radio stations. These stations were programmed with classical music and news and information services . This report covers the programming on the news & information service including the flagship station KNOW, and on the classical music service including the flagship station KSJN .

With a news staff of 74 (58 covering regional matters and 16 national) Minnesota Public Radio has one of the largest radio news and public affairs departments in the country. Out of our regional stations and facilities, MPR produces news and feature reports, four hours of daily talk shows and seven hours of daily regional disc programming.

MPR's national distribution activity, American Public Media, produces radio programs including Weekend America, A Prairie Home Companion, Speaking of Faith, Sound Money, Splendid Table, Classical 24, Saint Paul Sunday, Pipedreams, Minnesota Orchestra, The Saint Paul Chamber Orchestra, and American Mavericks. When APM's Marketplace operation is included, MPRIAPM's reach extends from Minnesota and surrounding states, to its Marketplace headquarters in Los Angeles, to bureaus throughout the US and the world . For example, Marketplace recently developed an "America's Desk" in Miami to focus on coverage of Spanish speaking populations . Marketplace's international bureaus include Berlin, London, Tokyo and Beijing.

During FY04, APM led the second Public Radio Collaboration . With support from the Corporation for Public Broadcasting, the collaboration focused national and local programming around a single compelling topic - Whose Democracy Is It? Approximately 200 public radio stations carried all or some of the feature reports, town hall meetings, call-ins, commentaries, cultural programs as well as documentaries and investigative reports. Twenty four national shows - from All Things Considered and Marketplace to This American Life and Studio 360 - aired programs or segments on democracy as part of their regular feeds. Thousands of listeners from around the world domed the conversation during two live Collaboration showcase events . Many public radio stations around the nation planned regional events to correlate with the collaboration topic. MPR planned an event featuring author Ted Halstead who spoke at MPR's Fitzgerald Theatre regarding the evolution and growing power of the political middle. Detailed information about the project is available at www.whosedemocracy .org. A third Public Radio Collaboration will air m 2005 .

Beyond big national projects, MPR is in its second year of developing a new approach to news gathering in what we call Public Insight Journalism. The goal of Public Insight Journalism is to draw knowledge and expertise from our audience to produce faster, smarter and more relevant news coverage. Our news division is systematically using Public Insight Journalism through online surveys (using our newsroom database of 7,600 email addresses), a toll free number for recorded messages and our website to gather sources and public expertise for our stories and projects. Our Public Insight Journalism team has also been holding "insight" gatherings in the metro area as well as in rural Minnesota to learn about the issues, concerns and stories in different regions. These efforts have helped our news department develop several multi-part series including one titled The State of the Unions which reported on the state of the labor movement and workers issues. Another series, Beyond Bake Sales, covered fundraising by public schools. The Public Insight Journalism team also finds sources for individual news stones and features. The team found sources for a report on college students with significant debt as well as a report about people who were the first in their families to attend college and get white-collar fobs .

MPRIAPM has a robust online news service, a live events unit, a documentary unit (American RadioWorks), and the technical ability and institutional mission to host, produce and broadcast special regional and national public affairs programming and events . MPR provides substantial coverage of issues important to the increasingly diverse population of Minnesota and the surrounding region .

MPRIAPM spent hundreds of hours during FY04 co central to the iffives of mlnorotwa5t ;and other diverse audiences. A quick search of the MPR regional news archive yielded more than 120 V

STATEMENT 5 (2/6) reports, interviews and call-in programs that examined issues concerning minority education, poverty and access to health care. A sampling of programs include a multi-part series on the disparity in academic performance between students of color and their white classmates, a documentary on the 50th anniversary of the Brown v. Board of Education decision, a report on the high school dropout rate of Latinos in Long Prairie, Minnesota and a documentary on America's fractured mental health system .

Much of the coverage involving minority issues was done by MPR's Mainstreet Radio unit, a team of 10 full-time reporters that covers all of Minnesota and portions of four surrounding states. Their focus is on the smaller cities and towns of our aural region. One minority population that gets significant attention in Mainstreet stories and projects is the region's Native Americans. One project duping FY04 involved a documentary-length piece looking at the renaissance of Native American spirituality. Some of Minnesota's tribes and clans are encouraging a more public conversation of traditional faith aid spiritual practice as a way to educate younger tribal members in their culture and history . Other Native American reports included a story on low standardized test results of Native American students, the political awakening and high voter registration of Native Americans during the election season and a series of on- going reports covering Minnesota Governor Tim Pawlenty's efforts to get American Indian tribes to share gambling revenue with the state.

In addition to coverage and commentaries on Native American issues, MPR continues to report on the issues faced by the growing Latino, Ethiopian, Hmong and Somali immigrant populations in rural Minnesota as well as in the Twin Cities . One story covered the efforts of a company in rural Minnesota to recruit Latino workers from the metro-area to fill the labor gap.

A special radio and web project in FY04 used material collected by an aid worker returning to her Liberian homeland while carrying a tape recorder and camera. The report revealed that money from the Twin Cities Liberian community was being used to support Liberian rebel groups.

Minnesota Public Radio's effort to reach out to more diverse communities is not confined to news programming MPR's national distribution company, American Public Media, also produces arts and cultural programs including Saint Paul Sunday, The Splendid Table, American Mavericks and Speaking of Faith. Speaking of Faith, which began national distribution in FY03, features voices from a range of religious and cultural traditions rarely explored in-depth on public radio, including minority denominations as well as traditions within mayor religions such as Quakerism, Pentecostalism and African-American Islam Some of the programs during the past year that dealt specifically with minority issues were Violence and Crisis in Islam, which featured Vincent Comell, an American Muslim and leading scholar of Islamic studies, and Spirituality and Recovery, which featured the story of a Lokota Indian teacher who explained how the 12 steps of Alcoholics Anonymous find resonance m indigenous spiritual practices . The Legacy of Dietrich Bonhoeffer explored the life and religious thought of Bonhoeffer, the German theologian who was executed in 1945 by the Nazis for his role in the conspiracy to assassinate Adolf Hitler. Half the guests in Speaking of Faith programs over the past year have been members of ethnic or racial minorities.

Weekend America, a new two-hour national weekend program, was launched by American Public Media in 2004 . Program development of Weekend America is provided by the Corporation for Public Broadcasting and by MPRJAPM . Weekend America reflects our complex, diverse, multilingual and multicultural nation. It presents the talents and cultures of the country and examines provocative ideas through news, analysis, interviews, features, music and commentaries. Weekend America broadcast its first pilot show in May, 2004 . As of January, 2005 the program is broadcast on more than 90 stations.

American Public Media, is among the largest producers of classical music programming in the United States. American Public Media produces Classical 24, now broadcast on MPR's classical music stations and on more than 240 stations nationwide.

STATEMENT 5 (3/6) We are fortunate that our region is bursting with talented individuals who either reside here or who make a point of visiting and performing in Minnesota on a regular basis. Here are just a couple of examples of activities conducted during FY04:

State of the Arts, MPR's new weekly hour-long arts program, regularly covers minority arts organizations in Minnesota such as Theater Mu, The Penumbra Theater, Anu R Sharma's Leela Dance Theater, Ethnic Dance Theatre, Jawaahir Dance Company, Ragamala Music and Dance Theater and the Tibetan Institute of Performing Arts. A guide to the Minnesota art scene can be found on our web site along with links to dance troupes, music venues, theatre companies and art galleries . The goal of State of the Arts is to stimulate a dialogue about the arts across the state of Minnesota .

The Jazz Image, A Prairie Home Companion and Morning Show routinely interview and feature the music of minority composers and musicians . The list of featured minority musicians is extensive . Lists of FY04 performers can be found at www.minnesotapublicradio .org.

Saint Paul Sunday frequently features programs that draw from minority traditions . Performances in FY04 included the Kronos Quartet performing °Nuevo," a multi-textured program embracing the music of contemporary Mexico. Acclaimed guitarist Pepe Romero performed works of his father, the legendary Celefonio Romero, as well as Tarrega and Albeniz. The Andrew Lawrence-King and the Harp Consort performed "Missa Mexicana," a program that juxtaposes a 17th century Mass by the chapel master of Mexico's Puebla Cathedral - Spanish-born composer Juan Gutierrez de Padilla - with the Latin-American and African folk dances that inspired it.

Talking Volumes. Every other month, MPR has a live broadcast event at MPR's Fitzgerald Theatre. We have interviewed many minority authors including Anchee Min and Chimamanda Adichie in FY04.

A comprehensive list of MPRJAPM's community service and outreach activities is lengthy and can be found on our searchable website. MPR broadcasts to about 700,000 regional listeners a week and presents live event projects including spoken-word and music-mixed events. We respond to thematic cultural markers such as Black History Month, Saint Patrick's Day and Martin Luther King Jr Day to create events throughout the year. We design multi-media presentations to create original live events across departments to include website, cultural and news programming . In FY04, MPR hosted and presented broadcast and non-broadcast events around the region from locations like the State Fair, The Fitzgerald Theatre, Orchestra Hall, Camp Ripley, The Ordway Center for the Performing Arts, Duluth Entertainment and Convention Center, 400 Bar in Minneapolis, Park Rapids Public Library, New York Mills Regional Cultural Center, Women's Club of Minneapolis, The Walker Art Center, Levee Park m Winona and the Minnesota Capitol Rotunda as well as events and programs from area colleges and universities including Saint John's University, The College of Saint Benedict, Macalester College, Concordia College, University of Minnesota campuses and many more locations . During FY04, MPR presented close to 125 community events related to one of our radio programs, either events free and open to the public or ticketed events. We had partners for well over half of the events. Almost 50 events were held in greater Minnesota and over 100 events were held in the metro-area.

One of the goals of our Classical Music Service is to sustain Minnesota's creative economy through partnerships with the region's leading performing arts organizations and artists by linking our music programming to our region's cultural offerings on a daily basis. MPR broadcasts concerts to listeners and brings publicity to groups in our community who perform outreach in this region. Some of these groups include: The Children's Museum, Vocalessence, The Dale Warland Singers, Minnesota Orchestra, Minnesota Opera, Saint Paul Chamber Orchestra, The Fargo-Moorhead Symphony, Rochester Orchestra, Chamber Music Society of Saint Cloud, The American Composers Forum, The Chamber Music Society of Minnesota, The Trollwood Music Festival, The Children's Theater Company, The Minnesota Youth Symphonies, The GI eatei Twin Cities Youth Symphoi iies, The Walkei Arts Ce, itei,

STATEMENT 5 (4/6) Minnesota History Center and The Schubert Club as well as performances from area colleges and universities .

In FY04, MPR's American Public Media negotiated and successfully launched a USA production of the BBC Proms. The Proms is the world's largest music festival with a 109-year tradition. The nexus of quality and populism achieved at The Proms is unlike any programming in the United States. American Public Media produced and nationally distributed all four full Prom's concerts, including a live international broadcast of the famous Last Night of the Proms. APM's web department provided audio of the complete concert series as well as photos of the event.

MPR's news department broadcast Campaign 2004, with extensive political coverage of presidential, Minnesota Congressional and legislative races including debates as well as candidate positions on various issues. Our web platform uniquely enhanced our on-air content by creating a survey for users to select positions on important issues to determine which candidate most reflected their choices. This public service was designed to create a guide to assist voters in selecting a candidate. More information can be found on our news website on the Campaign 2004 page.

In FY04, Minnesota Public Radio became the statewide distributor of the Amber Alert System. MPR has an extensive technical infrastructure throughout Minnesota and is working in voluntary partnership with state law-enforcement agencies to activate an urgent bulletin to other Minnesota broadcasters in the event of serious child-abduction cases . The goal of the AMBER Alert is to instantly galvanize the entire community to assist in the search for and safe return of an abducted child by providing a description of the child and the suspected abductor. In addition to the Amber Alert System, MPR continues to be the statewide distributor of the Emergency Alert System.

MPRIAPM engaged in a wide variety of outreach activities to the educational community . Some of the major activities included :

Sound Learning. MPR produces Sound Learning in an effort to create a gateway for educators to use our broadcast and web material in their classrooms. We started the school year with a new program of monthly web-based features that provides curriculum material for specific MPR web sites. These features explain what is in a given website and offer suggestions for using the material in the classroom. These features are also broadcast m on-air messages. Teachers who visit the Sound Learning web site can sign up for monthly notification to direct them to new MPR content . The web site focuses on four subject areas: English and Language Arts, Family and Consumer Science, Social Studies and Music. Each section contains a list of activity ideas, teaching and technology tips and suggestions for using and accessing MPR's content and audio archives to meet educational standards.

The Classical Music Initiative. The Classical Music Initiative is a production fund, workshop, and distributor for new concepts, programs, and talent in classical music production as well as a means for exploring digital and Internet delivery of classical music programming. With support from the NEA and MPR's distribution and production company, American Public Media, The Classical Music Initiative began its second year by continuing a national dialog on the state of classical music and ways to re-engage the public in this dynamic and time-honored art form. The findings and recommendations gleaned from three national meetings attended by classical stations, composers, funders, orchestras, record label representatives and others with a stake in the future of classical music are presented on The Classical Music Initiative website. A Production Fund has been established to provide funding for projects that develop and produce new classical music programming for radio and related media . The Fund has been received with excitement in the classical music industry. A distinguished panel has begun the work of reviewing Production Fund applications.

" Minnesota- High School musk Listening on es . Since its inception, the IM-nnesota High School Music Listening Contest has inspired young people to learn more about composers,

STATEMENT 5 (5/6) periods and styles of classical music. Since 1987, the contest has touched the lives of about 8,500 students from more than 100 schools around the state. MPR's classical music on-air talent judges the contest and hosts the public event.

Talking Volumes. This bi-monthly program brings in an author to spotlight a book with live broadcasts, feature articles, readings and discussions with the author. Talking Volumes is the point book club of MPR, Minneapolis Star Tribune and The Loft Literary Center. MPR broadcasts a call-in program with the author to discuss a Talking Volumes book club selection . Excerpts of the book and an author interview are featured in the Minneapolis Star Tribune newspaper . Talking Volumes culminates in a live interview with the author and an MPR host at the Fitzgerald Theater, the historic public theatre owned by MPR. Recently, Chris Van Allsburg, author of the hugely popular The Polar Express, filled the Fitzgerald with a family audience. Some of the other Talking Volumes authors m FY04 included poet Gary Snyder, Minnesota native Jean Harfenist, and novelists Joyce Carol Oates and Neil Gaiman .

" The Composer's Dafebook. This daily program looks at events in musical history from the recent and more distant past. It is made available to the educational community by American Public Media and is heard on the Minnesota Public Radio network as well as on over 167 stations nationwide through APM. The companion web site, www.ComposersDatebook .org, is a comprehensive support platform for the program.

" Broadcast Journalism Series. Four times a year, MPR plays host to a visiting journalist from NPR, PRI, the BBC and other broadcast outlets . The journalists are brought to the state for a series of events, one of which is a discussion/Q&A with students from Minnesota colleges studying journalism These students have the opportunity for up-close and personal interactions with professional journalists . The journalists MPR brought to the state during FY04 included Bob Edwards, Anne Garrells, Brooke Gladstone, and Eric Friesen .

The Writer's Almanac. The Writer's Almanac, a daily program of poetry and history, is presented and distributed by APM and can be heard on 318 public radio stations throughout the country and is made available to the educational community . The show features poetry readings as well as literary and historic notes. The companion web site, www.WritersAlmanac.org, is a comprehensive support platform for the program .

Young Artists Solo Competition . Every January for the past 24 years MPR has partnered with the Fargo-Moorhead Symphony Guild to sponsor an annual music competition for high school students within 150 miles of Moorhead, Minnesota. MPR works with private and public school music teachers to identify contestants . Contestants (instrumentalists, including pianists) play a movement from an approved repertory and if selected as a finalist participate in a public performance . The 2005 contest winner was a grade 12 violinist from Grand Forks, ND, Lushen Wu, who won a cash prize as well as the opportunity to perform a concerto piece with the Fargo- Moorhead Symphony Orchestra at its Family Concert.

STATEMENT 5 (6/6) MINNESOTA PUBLIC RADIO 41-0953924

'FORM 990 PART IV - INVESTMENTS - OTHER

BEGINNING ENDING DESCRIPTION BOOR VALUE BOOK VALVE

RESTRICTED INVESTMENTS 12,291,666 . 12,813,410 . RESTRICTED INVESTMENTS HELD BY Cfi{ERS 18,075,531 . 20,379,749 . ------TOTALS 30,367,197 . 33,193,159 .

STATEMENT 6

803576 2062 V03-8 MIN1181 MINNESOTA PUBLIC RADIO 41-0953924

'FORM 990,, PART IV - OTHER ASSETS

BEGINNING ENDING DESCRIPTION BOOK VALUE BOOK VALUE

UNAMORTIZED NOTE ISSUANCE COST 126,671 . 119,945 . BROADCASTING LICENSE 8,100,190 . 7,683,034 . OTHER 698,419 . 593,496 . PROPERTY HELD FOR SALE NONE 1,746,755 . ------TOTALS 8,925,280 . 10,143,230 .

STATEMENT 7

803576 2062 V03-8 MIN1181 MINNESOTA PUBLIC RADIO 41-0953924

"FORM 990, PART IV - OTHER LIABILITIES

BEGINNING ENDING DESCRIPTION BOOK VALUE BOOK VALUE

ACCRUED LIABILITIES 1,843,344 . 2,136,933 . REFUNDABLE ADVANCE 1,550,000 . 1,900,000 . ------TOTALS 3,393,344 . 4,036,933 .

STATEMENT 8

803576 2062 V03-8 MIN1181 MINNESOTA PUBLIC RADIO 41-0953924

,FORM 990, PART IV-A - OTHER REVENUE ON BOOKS BUT NOT ON RETURN

DESCRIPTION AMOUNT

IN KIND CONTRIBUTIONS 271,163 . RENTAL EXPENSE 845,549 . PARTNERSHIP LOSS 26,731 . ------TOTAL 1,143,443 .

STATEMENT 9

803576 2062 V03-8 MIN1181 MINNESOTA PUBLIC RADIO 41-0953924

,FORM 990, PART IV-H - OTHER EXPENSES ON BOOKS BUT NOT ON RETURN

DESCRIPTION AMOUNT

IN KIND CONTRIBUTIONS 271,163 . RENTAL EXPENSE 845,549 . PARTNERSHIP LOSS 25,018 . TRANSFER TO APMG ENDOWMENT 6,446,632 . ------TOTAL 7,588,362 .

STATEMENT 10

803576 2062 V03-8 MIN1181 MINNESOT PUBLIC RADIO 41-0953924 FORM 990, PART V List of Trustees and Officers, page 1 of 5.

Only those trus tees holding leadership positions on the Board of Trustees and stafl'officers of the organization are listed on pages I-S of this statement For a full listing of the Board of Trust es, please see pages 6-12 of this Statement

Pension & Expense Name & A ddress Title Average Hours Salary Benefit Plans Account Classification

Richard L arcantonio Trustee Part Time None None None Governance G&K Services, Inc Chair 1-10 hours per month Volunteer 5995 Opu Parkway Minneapolis, MN 55343

Pamela J oret Trustee Part time None None None Governance Thrivent F nancials for Lutherans Secretary 1 - 5 hours per month Volunteer Mail Stop S1630 625, 4th A enue South Mmneapol s, MN 55415

Glen D Nelson Trustee Part Time None None None Governance 301 Carlso Parkway, Suite 315 Co-Vice Char I - 5 hours per month Volunteer Minnetonk , MN 55305

Austin P S Ilrvan Jr Trustee Part Time None None None Governance 200 S 6th t - US09-A3 Co-Vice Chair 1-5 hours per month Volunteer Minneapolis, MN 55402

Frank L Su ns Trustee Part Time None None None Governance 15615 Mc mty Road West Treasurer 1-5 hours per month Volunteer Wayzata, MN 55391-2398

STATEMENT 11 (1112) MINNESOTA PUBLIC RADIO 41-0953924 FORM 990, PART V List of Trashes and Officers, page 2 of 5.

Pension & Expense Name & Address Title Average Hours Salary Benefit Plans Account Classification

Mark E Ifuth Senior Vice President Part Time Paid by APMG None None Administrative 444 Ceda Street, Suite 1900 CFO 7-32 hours per week Saint Pau , MN 55101

William Buzenberg Senior Vice President Full Time 162,705 16,425 None Programming 45 East 7 h Street News 40-48 hours per week St Paul, N 55 101

Katherine L Coward Vice President Full Time 127,335 4,034 None Fundraising 45 East 7 h Street Capital Campaign 40-48 hours per week St Paul, N 55101 Resigned 2004 11 12

Donald Creighton Senior Vice President Part Time 171,231 17,10 None Administrative 45 East 71h Street Technology 408 hours per week St Paul, N55101

Susan B dberg Senior Vice President Full Time !40,000 13,772 None Administrative Wells Fargo Place Marketing & 408 hours per week 30 East 7t Place National Distribution Began 2003 08 18 23rd Floor, Suite 2300 St Paul, N 5 5 101

Jon K Go sets Senior Vice President Full Time 192,125 20,609 None Fundraising 45 East Seventh Street Development 40-48 hours per week Saint Paul, MN 55 101

Thomas J Kigm Executive Vice President Part time 143,080 18,370 None Administrative 45 East 7t Street CAO 20-40 hours per week St Paul, MN 55101 General Counsel

William `Klmg President Part Time 235,010 25,308 None Administrative 45 East 7th Street CEO 20-40 hours per week St Paul, MN 55 101 Trustee

STATEMENT 11 (2/12) MINNESOTA PUBLIC RADIO 410953924 FORM 990, ART V List of Trust es and Officers, page 3 of 5.

Pension & Expense Name & I Address Title Average Hours Salary Benefit Plans Account Classification

Sarah S utman Senior Vice President Part Time 158,451 16,089 None Programming 45 East ~.nth Street Cultural Programming 8c 40116 hours per week Saint Paul, MN 55101 Initiatives

Jon R M Taggart Senior Vice President Part Time 207,931 19,915 None Administrative 45 East 71h Street coo 30 .46 hours per week St Paul, 55 101

Laura Ne decker Vice President Part Time Paid by APMG Paid by APMG None Administrative Suite 1900 Human Resources 20-28 hours per week 444 Cedar Street Resigned 2004 08 17 Saint Paul, Mn 55101

Timothy Roesler Senior Vice President Part Time 101,250 11,481 None Fundraising Wells Fa go Place Underwriting & Sales 30-38 hours per week 30 East 7 h Place 23rd Floor, Suite 2300 St Paul, N 55 101

lames B ussell Senior Vice President Full Time 211,525 20,007 None Programming 261 Sout Figueroa St, Suite 200 APM Productions 40-48 hours per week Los Angeles, CA 90012

Saran S1 ttery Vice President Full Time 77,743 7,826 None Fundraising 444 Ceda. Street, Suite 1900 Development 408 hours per week Saint Pau , MN 55101 Resigned 2003 12 15

John J Y~re Vice President Full Time 157,570 15,974 None Programming 261 South Figueroa St, Suite 200 APM Productions 40-48 hours per week Los Anee6es. CA 90012

STATEMENT 11 (3/12) Minnesota Public Radio 41-0953924 Form 990 Pa V List of Trustees and Officers, page 4 of 5.

Incentive Co pensation Earned during FY04

Minnesota Public Radio I American Public Media offers a plan of incentive compensation for certain of it employees that is consistent with plans of incentive compensation offered by other nonprofit organizations and that is important m order to attract and retain employees capable of consistently contributing to the long term goals and mission of the organization Such incentive compensation is wholly discretionary with the Joint Compensation Committee The percentage of total compensation provided as at-risk incentive increases with the employee's position within the organization This is consistent both with the individual's influence on results and with his or her economic capacity to tolerate volatility m compensation and share in the risk of the organization's performance

Incentive Name & Address Compensation

Mark E A futh Senior Vice President Paid by APMG Administrative 444 Cedar Street, Suite 1900 CFO Saint Pau , MN 55101

William Buzenberg Senior Vice President 4,905 Programming 45 East 7 Street News St Paul, N 55 101

Katherine L Coward Vice President None Fundraising 45 East 7t Street Capital Campaign St Paul, N 55 101 Resigned 2004 11 12

Donald Creighton Senior Vice President 17,207 Administrative 45 East 7t Street Technology St Paul, N 55 101

Susan B dberg Senior Vice President 16,000 Administrative 30 East 7t Place Marketing & 23rd Floor, Suite 2300 National Distribution St Paul, N 55 101

Jon K Go sett Senior Vice President 38,818 Fundraising 45 East Seventh Street Development Saint Paul MN 55 101

Thomas J igm Executive Vice President 25,909 Administrative 45 East 7t Street CAO St Paul, NIN 55 101 General Counsel

STATEMENT 11 (4/12) Minnesota Public Radio 41-0953924 Form 990 Part V List of Trustee and Officers, page 5 of 5.

Incentive Comp nsation Earned during FY04, continued

Incentive Compensation

William H Img President 66,442 Administrative 45 East 7th Sheet CEO St Paul, Nfq 55 101 Trustee

Sarah S Lu man Senior Vice President 14,552 Programming 45 East Seventh Street Cultural Programming & Saint Paul, 55 101 Initiatives

Jon R McT ggart Senior Vice President 42,040 Administrative 45 East 7th Street COO St Paul, M 55 101

Laura Neu ecker Vice President Paid by APMG Administrative Suite 1900 Human Resources 444 Cedar Street Resigned 2004 08 17 Saint Paul, n 55 101

Timothy T oesler Senior Vice President 51,727 Fundraising Wells Farg Place Underwriting & Sales 30 East 7th Place 23rd Floor, Suite 2300 St Paul, 55 101

James B Russell Senior Vice President 20,917 Programming 261 South igueroa St, Suite 200 APM Productions Los Angele , CA 90012

Sarann Slat ery Vice President None Fundraising 444 Cedar Street, Suite 1900 Development Saint Paul, 55 101 Resigned 2003 12 15

John 1 Yore Vice President 12,128 Programming 261 South igueroa St, Suite 200 APM Productions Los Angele , CA 90012

STATEMENT 11 (5112) MINNESOTA PUBLIC RADIO BOARD OF TRUSTEES

June 24, 2004

OFFICERS OF THE BOARD

Richard L Marcantonio, Chair ~ Glen D Nelson MD, Co-Vice Chair ~ Austin P Sullivan, Co-Vice Chair ~c- William H Kling, President Frank L Sims, Treasurer +

Pamela J Moret, Secretary

TRUSTEES

Bradbury H Anderson (2003) -~- Jeffrey S Brown (1997) ~ Vice Chairman and CEO Managing Director Executive Department Ku-ring-gai Ridge Ventures Best Buy Corporate Campus 9400 Golden Valley Road 7601 Penn Avenue South Golden Valley, MN 55427 Richfield, MN 55423

Peggy P Burnet (1998) * Jeff Balagna (2002) 4- 392 South Ferndale Road Senior Vice President and Wayzata, MN 55391 Chief Information Officer Medtronic, Inc 710 Medtronic Parkway Minneapolis, MN 55432-5604 Michael R Francis (2002) ,y- Executive Vice President, Marketing Target Corporation 1000 Nicollet Mall Susan Boren (1985-98) (1999) ~E- TPS -2760 Partner Minneapolis, MN 55403 SpencerStuart Suite 4141 225 South Sixth Street Minneapolis, MN 55402 Steve Fritze (2002) Yr- Chief Financial Officer Ecolab, Inc 370 Wabasha Street North St. Paul, MN 55102

ALL TRUSTEES MARKED WITH AN' PARTICIPATED ON A PART-TIME BASIS AND RECEIVED NO COMPENSATION, BENEFITS, OR EXPENSE ACCOUNT ALLOWANCES. PAGES 6-12 OF THIS STATEMENT CONTAIN A FULL BOARD OF TRUSTEES LIST. SEE PAGES 1-5 OF THE STATEMENT FOR OFFICERS AND COMPENSATION DETAIL.

.ni'r t ( S'(~TrcME I' .Yi Z) MINNESOTA PUBLIC RADIO Page 2

Sara H Gavin (1998) 4- William H Kling (1973) President President & CEO Weber Shandwick Minneapolis Minnesota Public Radio 8000 Norman Center Drive 45 East Seventh Street Suite 400 Saint Paul, MN 55 101 Minneapolis, MN 55437

Anita H Kunin (2001) Frederick M Green (2003) .~ 2843 Burnham Blvd President & CEO Minneapolis, MN 55416-4331 Ault Inc 7105 Northland Terrace Minneapolis, MN 55428 Karin L Larson (2002) ~ Chairman Capital International Research, Inc Stephen J Hemsley (2002) ~ 11100 Santa Monica Blvd; 15`h Floor President and COO Los Angeles, CA 90025 UnitedHealth Group 9900 Bren Road East Minnetonka, MN 55343 Barry Lindquist (1986-2000) (2001) X-- Managing Principal Lakeside Capital Partners LLC Randall J Hogan (2002) ~' 50 South Sixth Street, Suite 1200 Chairman & CEO Minneapolis, MN 55402 Pentair, Inc 5500 Wayzata Blvd; Ste 800 Golden Valley, MN 55416 Richard L Marcantonio (1998) ~ President & CEO G&K Services, Inc Patrick A Hopf (2002) -;K- 5995 Opus Parkway Chairman, Better Life Media Minneapolis, MN 55343 8565 `h Street South Hopkins, MN 55343-7750

STlt-WW-.'rr I L MINNESOTA PUBLIC RADIO Page 3

Thomas R McBurney (1982) 7~- Michael O'Keefe (1999) -~ McBurney Management Advisors President 80 S . Eighth Street Minneapolis College of Art & Design 4900 IDS Center 2501 Stevens Avenue South Minneapolis, MN 55402 Minneapolis, MN 55404

William R McLaughlin (2001) ~ President, CEO and David John Olderman (2003) ~' Chairman of the Board 25286 Bob White Lane Select Comfort Blackduck, MN 56630 6105 Trenton Lane North Plymouth, MN 55442

or 33 Country Road South Boynton Beach, FL 33436 David M Moffett (2003) ~ Vice Chairman and Chief Financial Officer US Bancorp James J Phelps (2002) -X- 800 Nicollet Mall President Suite 2300 Northcrest Corporation Minneapolis, MN 55402 2635 University Avenue West Suite 190 Saint Paul, MN 55114

Pamela J Moret (2000) Executive VP - Marketing & Products Thrivent Financial for Lutherans Addison (Tad) Piper (1986-95) (1999) ~ Mail Stop MS1630 Vice-Chairman 625 4th Avenue South Piper Jaffray Companies Inc . Minneapolis, MN 55415 800 Nicollet Mall ; J09502 Minneapolis, MN 55402

Glen D Nelson, MD (2001) ~(- 301 Carlson Parkway, Suite 315 Minnetonka, MN 55305

sE,~r ~~ l~l~z) MINNESOTA PUBLIC RADIO Page 4

Paul Reyelts (2002) -)~ Austin P Sullivan Jr (1999) Senior Vice President and General Mills, Inc Chief Financial Officer 200 S 6th St - US09-A3 The Valspar Corporation Minneapolis, MN 55402 1101 Third Street South Minneapolis, MN 55415

Pamela Wheelock (2004) Executive Vice President & CFO Steven M Rothschild (1987) ~ Minnesota Sports and Entertainment/ Twin Cities RISE! Minnesota Wild 800 Washington Avenue North 317 Washington Street Suite 203 St Paul, MN 55102 Minneapolis, MN 55401

Sharon Winslow (1999) ~ Dr Samuel Schuman (2002) ~ 1205 French Creek Drive Chancellor Wayzata, MN 55391 University of Minnesota, Moms 309 Behmler Hall; 600 East 4`h Street Morris, MN 56267

Frank L Sims (1999) * Corporate Vice President, Transportation Cargill Incorporated 15615 McGinty Road West Wayzata, MN 55391-2398

David R Strand (1997) President and COO LifeMasters 280 Utah Avenue Suite 100 South San Francisco, CA 94080

'Z;aEV6s r 11 ('11,Z) MINNESOTA PUBLIC RADIO Page 5

LIFE TRUSTEES

William Pearce (1988) h- Box 2187 Loop Station Minneapolis, MN 55402

Robert J Sivertsen (1968) 29 Summit Court St. Paul, MN 55102

Joanne Von Blon (1975-83) (1986) ~- 6920 North La Ultima Tucson, AZ 85750

or 700 Second Street, #8-1 Minneapolis, MN 55401

DATE : Denotes beginning of current term or current consecutive terms.

it 0CIfL,J MINNESOTA PUBLIC RADIO

August 13, 2004

STAFF OFFICERS

William H Kling Michael J Carey President and Chief Executive Officer Senior Vice President, Human Resources Minnesota Public Radio Minnesota Public Radio 45 East Seventh Street 444 Cedar Street; Suite 1900 Saint Paul, MN 55101 Saint Paul, MN 55 101

Thomas J Kigin Katherine L Coward Executive Vice President Vice President & General Manager Chief Administrative Officer Capital Campaign General Counsel Minnesota Public Radio Minnesota Public Radio 45 East Seventh Street 45 East Seventh Street Saint Paul, MN 55 101 Saint Paul, MN 55101

Donald W Creighton Jon R McTaggart Senior Vice President, Technology Senior Vice President Minnesota Public Radio Chief Operating Officer 45 East Seventh Street Minnesota Public Radio Saint Paul, MN 55101 45 East Seventh Street Saint Paul, MN 55 101

Susan B Edberg Senior Vice President Mark E Alfuth Marketing and National Distribution Senior Vice President Minnesota Public Radio Chief Financial Officer Wells Fargo Place Minnesota Public Radio 30 East 7th Place 444 Cedar Street, Suite 1900 23rd Floor, Suite 2300 faint Paul, MN 55101 St. Paul, MN 55101

William E Buzenberg Jon K Gossett Senior Vice President, News Minnesota Public Radio Senior Vice President, Development Minnesota 45 East Seventh Street Public Radio Saint Paul, MN 55101 45 East Seventh Street Saint Paul, MN 55101

STRTc-w6ntT` It MINNESOTA PUBLIC RADIO Page 2

Sarah S Lutman Senior Vice President Cultural Programming and Initiatives Minnesota Public Radio 45 East Seventh Street Saint Paul, MN 55101

Timothy T Roesler Senior Vice President Underwriting and Sales Minnesota Public Radio Wells Fargo Place 30 East 7th Place 23rd Floor, Suite 2300 St. Paul, MN 55101

James B Russell Senior Vice President American Public Media 261 South Figueroa Street, Suite 200 Los Angeles. CA 90012

JJ Yore Vice President American Public Media 261 South Figueroa Street, Suite 200 Los Angeles, CA 90012

STl'~TEpE.3 Minnesota Public Radio 41-095392 4

FORM 990, PART V Compensation Provided by Related Organizations, page 1 of 2 Average Hours Pension and Name 8 Address Title Per Week Salary Benefit Plans Expense Account

COMPENSATION BY APMG EIN 36-3503764

1 Mark Alfuth Senior Vice President Part Time 149,094 12,377 None 444 Cedar Street, Suite 1900 CFO 10-35 hours per week Saint Paul, MN 55101

2 Thomas J Kigin Executive Vice President Part time 35,770 3,811 None 45 East 7th Street CAO 3-5 hours per week St. Paul, MN 55101 General Counsel

3 Willia H Kling President Part Time 58,753 5,041 None 45 East 7th Street CEO 3-5 hours per week St. Paul, MN 55101

4 Laura Neudecker Vice President Part Time 106,953 11,960 None 444 edar Street, Suite 1900 Human Resources 20-28 hours per week Saint Paul, MN 55101 Resigned on 08/17/04

STATEMENT 12 (1/2) Minnesota Public Radio 41-09539214

FORM 99% PART V Compens tion Provided by Related Organizations, page 2 of 2

Incentive ompensation Earned during FY04

American Public Media Group offers a plan of incentive compensation for certain of its employees that is consistent with plans of incentive compensation offered by other nonprofit companies and that is important in order to attract and retain employees capable of consistently contributing to the long term goals and mission of the organization . Such incentive compensation is wholly discretionary with the Joint Compensation Committee. The percentage of total compensation provided as at-risk inentive increases with the employee's position within the organization . This is consistent both with the individual's influence on results and with his or her economic capacity to tolerate volatility in compensation levels and share in the risk of the organizati n's performance. Incentive Nam & Address Title Compensation

COMPENSATION BY APMG EIN 3 -3503764

1 Mark Alfuth Senior Vice President 15,088 444 edar Street, Suite 1900 CFO Saint Paul, MN 55101

2 Thomas J Kigin Executive Vice President 6,477 45 East 7th Street CAO St. Paul, MN 55101 General Counsel

3 Witlia H Kling President 16,611 45 E st 7th Street CEO St. P ul, MN 55101

4 Neudecker Vice President None 444 sdar Street, Suite 1900 Human Resources Saint 3aul, MN 55101 Resigned on 08/17/04

STATEMENT 12 (2/2) MINNESOTA PUBLIC RADIO 41-0953924 RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX ST. PAUL, MINNESOTA YEAR ENDED JUNE 30, 2004

PROPERTY, PLANT 8 EQUIPMENT, ACCUMULATED DEPRECIATION AND DEPR EXP

FORM 990. PART II, LINE 42 AND PART IV. LINE 57.

BOOK ACCUMULATED NET BOOK DESCRIPTION VALUE DEPRECIATION VALUE

LAND $8,730,223 $0 $8,730,223

BUILDINGS 11,787,261 4,931,647 6,855,614

CONSTRUCTION IN PROG. 3,283,143 0 3,283,143

EQUIPMENT 29,086,367 23,094,845 5,991,522

TOTALS $52,886,993 $28,026,492 $24,860,501

CURRENT YEAR DEPR EXP

BUILDINGS $441,940

MISC EQUIP & LEASEHOLD IMPROV. 2,252,474

TOTAL DEPRECIATION EXPENSE 2,694,413

TOTAL AMORTIZATION EXPENSE 340,207

TOTAL DEPRECIATION & 3,034,620 AMORTIZATION, LINE 42

TOTAL DEPRECIATION & AMORTIZATION EXPENSE 3,034,620

STATEMENT I3 MINNESOTA PUBLIC RADIO 41-0953924 RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX ST. PAUL, MINNESOTA YEAR ENDED JUNE 30, 2004

FORM 990. PART IV, LINE 64a

DESCRIPTION COLLATERAL TERMS BALANCE

NEW BUILDING CAPITAL CAMPAIGN APM INVESTMENTS BOND ISSUE PAYABLE AT 05/01/2022 9,655,000 VARIABLE RATE DEMAND REVENUE WITH INTEREST AT A VARIABLE RATE BOND-SERIES 2002 ISSUE WITH THE THAT WAS 1 9% PLUS A LETTER OF HOUSING AND REDEVELOPMENT CREDIT FEE OF 60 BASIS POINTS AND A AUTHORITY OF THE CITY OF ST. PAUL REMARKETING FEE OF 9 BASIS POINTS

TOTAL TAX-EXEMPT BOND LIABILITIES 9,655,000

FORM 990 . PART IV. LINE 64b

DESCRIPTION COLLATERAL TERMS BALANCE

NOTE PAYABLE WITH THE UNSECURED NOTE NOTE PAYABLE DUE WHEN CONTINGENT 218,000 SAINT PAUL FOUNDATION EVENT OCCURS - INTEREST AT 6.0% PER ANNUM

FORGIVABLE LOAN WITH THE CITY OF UNSECURED NOTE NOTE PAYABLE DUE IF EMPLOYMENT 3,121,852 ST. PAUL IN CONNECTION WITH THE MPR AND CONSTRUCTION COMMITMENTS CAPITAL BUILDING PROJECT ARE NOT MET. COMMITMENTS NOT MET- INTEREST AT 6.5% ANNUM

ANCILLARY PAYMENTS MADE TO UNSECURED PAYMENTS OVER 5 YEARS WITH AN 94,340 UNIVERSITY OF SOUTHERN CALFIORNIA INTEREST RATE OF 0% WITH REGARD TO THE ACQUISITION OF MARKETPLACE PRODUCTIONS

TOTAL OTHER NOTES PAYABLE 3,434,192

S1_KTEME1_4f ` H !i I XuamamLs TSTTKIN 8-COA Z90Z 9LSE08

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I VZ6ES60-TI, oiavd oiriiand~ viosaxxim MINNESOTA PUBLIC RADIO Saint Paul, Minnesota 41-0953924 RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX YEAR ENDED JUNE 30,2004

FORM 990, SCHEDULE A. PART Ill, QUESTIONS MARKED YES

QUESTIONS 2A & 2C

During this fiscal year, Minnesota Public Radio (MPR) leased or licensed certain property to Greenspring Company and certain of Greenspring's operating subsidiaries, all of which are taxable corporations . MPR also purchased goods and services from and provided certain services to Greenspring Company and its operating subsidiaries. Greenspring Company is wholly owned by American Public Media Group, which is the controlling member of MPR.

MPR receives donations from and has vendor relationships with a large number of organizations . In some situations, a trustee, officer, or key employee of Minnesota Public Radio may also have a business relationship with one or more of these organizations . During this year, the following relationships existed :

TRUSTEES

1 ) Trustee Bradbury Anderson is chairman of the board of directors and CEO of Best Buy Inc. Best Buy provides underwriting support to MPR. He serves on the board of trustees of the Best Buy Children's Foundation, which provides special project grant support to MPR. He is on the board of trustees of the American Film Institute. The American Film Institute provides underwriting support to MPR. 2) Trustee Jeff Balagna is an officer of Medtronic Inc. Medtronic provides underwriting support to MPR. Medtronic is associated with the Medtronic Foundation, which provides grant support to MPR and has made a grant to MPR's capital campaign. He is on the board of directors of Tennant Inc. Tennant provides general operating support to MPR and matches employee contributions to MPR. 3) Trustee Susan S Boren is employed in the Minneapolis office of Spencer Stuart Associates, an executive search firm. From time to time, Spencer Stuart provides executive search services to MPR. She is on the board of trustees of the Minnesota Opera. Certain performances of the Minnesota Opera are broadcast by MPR. She is on the board of directors of Valspar Inc. Valspar is associated with the Valspar Foundation, which provides general operating support to MPR. She is on the board of the Minneapolis Club. MPR provides Minneapolis Club memberships to certain of its executive staff, and uses the club from time to time for board, committee and public meetings. 4) Mr Rod Boren, spouse of trustee Susan Boren, is on the board of trustees of the McPhail School of Music, which provides underwriting support to MPR. McPhail rents MPR's recording studios from time to time. He is on the board of trustees of the Guthrie Theater, which provides underwriting support to MPR. 5) Trustee Michael Francis is an officer of Target Corporation, which provides underwriting support to MPR. He is a on the board of directors of Department 56, which provides underwriting support to MPR. He is on the board of directors of Piper Jaffray Inc, a financial services company. Piper Jaffray is the lead underwriter and the remarketing agent of a tax exempt revenue note issuance authorized by the HRA of Saint Paul and loaned to MPR. Piper Jaffray also provides underwriting support to MPR, made a contribution to MPR's capital campaign, and matches employee contributions to MPR. He is on the board of trustees of the Walker Art Center, which provides underwriting support to MPR.

STATEMENT 17 (1/4) 6) Trustee Steven Fritze is an officer of Ecolab Corporation, which provides underwriting support to MPR. Ecolab is associated with the Ecolab Foundation, which provides general operating support to MPR, made a contribution to MPR's capital campaign, and matches employee contributions to MPR. He is on the board of directors of Wenger Corporation, which provides underwriting support to MPR. 7) Trustee Sara H Gavin is an officer in the Twin Cities Office of Weber Shandwick International . From time to time, Weber Shandwick provides marketing and public relations services to MPR. Weber Shandwick provides underwriting support to MPR. She is a trustee of the College of St Catherine, which provides underwriting support to MPR. 8) Trustee Randall J Hogan is chairman of the board of directors and CEO of Pentair Inc, which provides underwriting support to MPR and contributed to MPR's capital campaign . He is on the board of directors of Unisys, which provides underwriting support to MPR. He is on the board of trustees of the Guthrie Theater, which provides underwriting support to MPR. 9) Trustee Patrick Hopf is the chairman of the board of directors and CEO of Better Life Media Inc, which provides underwriting support to MPR. He is on the board of directors of Select Comfort Inc, which provides underwriting support to MPR. 10) Trustee and Officer William H Kling is on the board of directors of The St Paul Travelers Companies Inc, an insurance company, which provides underwriting support to MPR and which made a contribution to MPR's capital campaign . He is on the board of directors of Wenger Corporation, which provides underwriting support to MPR. He is on the board of directors of Comcast Cable of Saint Paul, which pays royalties to MPR pursuant to a 1983 agreement. He is on the board of trustees of the JL Foundation, which provides grants and underwriting support to MPR and made a grant to MPR's capital campaign. He is on the boards of several mutual funds of the American Funds group of mutual funds, which are managed by the Capital Group. The Capital Group matches employee contributions to MPR. One of the companies of the Capital Group manages a portion of the investments in the APMG Earned Endowment for the Benefit of MPR. Several of the mutual funds in the American Funds group of mutual funds are available in MPR's 403(b) pension plan . 11) Sarah Kling, spouse of trustee and officer William Kling, is on the board of trustees of the Minnesota Opera. Certain performances of the Minnesota Opera are broadcast by MPR. Ms Kling is on the board of trustees of The Walker Art Center, which provides underwriting support to MPR. 12) Trustee Anita H Kunin is on the board of trustees of the Walker Art Center, which provides underwriting support to MPR . 13) Myron Kunin, spouse of trustee Anita H Kunin, is vice chair of the board of directors of Regis Corporation. Regis is associated with the Regis Foundation, which provided a grant to MPR's capital campaign. He is on the board of directors of Nortech Systems, which provides underwriting support to MPR. He is on the board of trustees of the Minneapolis Institute of Art, which provides underwriting support to MPR. 14) Trustee Karin L Larson is an officer and a member of the board of directors of several companies in the Capital Group of companies . The Capital Group matches employee contributions to MPR. One of the companies of the Capital Group manages a portion of the investments in the APMG Earned Endowment for the Benefit of MPR. The Capital Group manages the mutual funds in the American Funds group of mutual funds. Several of the mutual funds in the American Funds group of mutual funds are available in MPR's 403(b) pension plan. 15) Trustee Barry Lindquist is on the board of directors of Marshall Bank, which provides underwriting support to MPR. 16) Trustee Richard L Marcantonio is chairman of the board of directors and CEO of G&K Services, which provides underwriting support to MPR and provides general operating support to MPR. He is on the board of directors of H B Fuller, which provides underwriting support to MPR and matches employee contributions to MPR. 17) Trustee Thomas R McBurney is on the board of trustees of the Minnesota Opera, certain performances of which are broadcast by MPR . He is on the board of directors of Valspar Inc, which provides i inderwriting support and general operating support to MPR. He is on the board of directors of American Express, which provides underwriting support to MPR and through its American Express Philanthropic Program provides grant support to MPR and matches employee

STATEMENT 17 (2/4) contributions to MPR. He is on the board of directors of Wenger Corporation, which provide underwriting support to MPR. 18) Barbara McBurney, spouse of Trustee Thomas McBurney, is on the board of trustees of McPhail School for Arts, which provide underwriting support to MPR. McPhail also leases MPR's recording studios from time to time. 19) Trustee Bill McLaughlin is chairman of the board of directors and CEO of Select Comfort Inc, which provides underwriting support to MPR. He is on the board of trustees of the Blake Schools, which provides underwriting support to MPR- 20) Trustee David Moffett is vice chair of the board of directors and Chief Financial Officer of US Bank. US Bank provides underwriting support to MPR, provides general operating support to MPR, made a grant to MPR's capital campaign, and matches employee contributions to MPR. US Bank provides banking services to MPR and holds a portion of MPR's financial assets . He is a member of the board of trustees of The Walker Art Center, which provides underwriting support to MPR. 21) Trustee Pamela Moret is an officer of Thrivent Financial for Lutherans, which provides underwriting support to MPR, provides general operating support to MPR, made a grant to MPR's capital campaign, and matches employee contributions to MPR. She is on the board of trustees of Lutheran Community Foundation, which made a grant to MPR's capital campaign. 22) Trustee Michael O'Keefe is on the board of trustees and is president of the Minneapolis College of Art and Design, which provides underwriting support to MPR. 23) Life Trustee William Pearce is a member of the Advisory Council of the University of Minnesota's Humphrey Institute . The University of Minnesota provides underwriting support to MPR. 24) Trustee Addison (Tad) Piper is vice chair of the board of directors of Piper Jaffray Inc, a financial services company. Piper Jaffray is the lead underwriter and the remarketing agent of a tax exempt revenue note issuance authorized by the HRA of Saint Paul and loaned to MPR. Piper Jaffray provides underwriting support to MPR, made a grant to MPR's capital campaign, and matches employee contributions to MPR. He is on the board of trustees of St Olaf College, which provides underwriting support to MPR (and in a subsequent event sold its radio station WCAL FM to MPR). He is on the board of trustees of Abbott Northwestern Hospital Foundation, which provides underwriting support to MPR. 25) Trustee Steven M Rothschild is on the board of trustees of the Minnesota Opera, certain performances of which are broadcast by MPR. He is affiliated with the Humphrey School of Public Affairs at the University of Minnesota. The University of Minnesota provides underwriting support to MPR. 26) Trustee Samuel Schuman is president of the University of Minnesota Morris. The University of Minnesota Morris is an educational sponsor of MPR and provides underwriting support to MPR. 27) Trustee Frank L Sims is an officer of Cargill Inc. Cargill is associated with the Cargill Foundation, which provides general operating support to MPR. He is on the board of directors of Tennant Co, which provides underwriting support to MPR. Tennant is associated with the Tennant Foundation, which provides general operating support to MPR and matches employee contributions to MPR. He is on the board of directors of Piper Jaffray Inc, a financial services company. Piper Jaffray is the lead underwriter and the remarketing agent of a tax exempt revenue note issuance authorized by the HRA of Saint Paul and loaned to MPR. Piper Jaffray provides underwriting support to MPR, made a grant to MPR's capital campaign, and matches employee contributions to MPR. 28) Life Trustee Robert J Sivertsen is on the board of trustees of the Minnesota Historical Society, which provides underwriting support to MPR . 29) Trustee Austin P Sullivan is on the board of trustees of Medica Health Plans. Medica provides underwriting support to MPR. Medica administers MPR's self-funded health insurance plan . He is on the board of trustees of Catholic Charities, which provides underwriting support to MPR. He is on the board of the Minneapolis Club. MPR provides Minneapolis Club memberships to c rtain of its execufive-staff-and uses the club-fr-om-li-m-eTo time f rbdawd, com nittee ind public meetings.

STATEMENT 17 (3/4) 30) Life Trustee Joanne Von Blon is on the board of trustees of The Loft. MPR collaborates with The Loft on a broadcast series entitled Talking Volumes. 31) Philip Von Blon, spouse of Life Trustee Joanne Von Blon, is on the boards of trustees of the Walker Art Center and of the Guthrie Theater, both of which provide underwriting support to MPR. 32) Margaret and Angus Wurtele, respectively the daughter and son-in-law of Life Trustee Joanne Von Blon and her spouse Philip Von Blon, sold a house at 2409 East Lake of the Isles Parkway in Minneapolis to MPR. MPR purchased the house in order to redecorate it and resell it as a fundraising project. Mr and Mrs Wurtele made a contribution to MPR's capital campaign . 33) Trustee Pamela Wheelock is affiliated with the College of St Catherine, the United Way, and Blue Cross Blue Shield of Minnesota, all of which provide underwriting support to MPR. 34) Trustee Sharon Winslow is an officer of Sharon Holden Winslow LLC. She is also a member of the board of trustees of YMCA Camp Widpwagan. Both organizations provide underwriting support to MPR.

STAFF OFFICERS

35) Donald Creighton, a staff officer, is on the board of directors of Comcast Cable of Saint Paul, which pays royalties to MPR pursuant to a 1983 agreement. 36) Susan Edberg, formerly a staff officer, is a Board member of the Saint Paul Chamber Orchestra. MPR broadcasts certain performances of the Saint Paul Chamber Orchestra, and the Saint Paul Chamber Orchestra provides underwriting support to MPR. 37) Thomas Kigin, a staff officer, is on the board of directors of Comcast Cable of Saint Paul, which pays royalties to MPR pursuant to a 1983 agreement . 38) Donna Avery Kigin, spouse of staff officer Thomas Kigin, is a member of the board of directors of Western State Bank, which provides underwriting support to MPR. She is on the board of trustees of the College of St Benedict, which is an educational sponsor of MPR and provides underwriting support to MPR.

All transactions between MPR and other companies that have any relationship to MPR Trustees, Officers, or Key Employees are arms-length transactions made in the ordinary course of business and are at fair market value.

STATEMENT 17 (4/4) MINNESOTA PUBLIC RADIO 41-0953924 RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX ST. PAUL, MINNESOTA YEAR ENDED JUNE 30,2004

FORM 990, PART Vill, LINE 93(a)

93(a) Program Service Revenue

Minnesota Public Radio is a noncommercial, educational public broadcasting organization. In fulfilling its exempt purposes, MPR provides certain related ancillary services for which it receives remuneration, as follows:

" License to use subsidiary communications authority. MPR leases a portion of its FM subcarrier (a special closed circuit channel available in an FM signal) to a nonprofit agency, Minnesota State Services for the Blind (MSSB). MSSB uses this subcarrier to broadcast a 24-hour noncommercial program service called the Radio Talking Book to visually handicapped individuals who are provided with special decoder receivers . This service provides readings of current periodicals and literature. This is a related activity.

" Production of Programs . The organization has contracted with national organizations such as Public Radio International and National Public Radio to produce programs which are, in turn, distributed to the affiliates of these networks . This is a related activity.

" Network Carriage Fees. MPR distributes a significant schedule of the noncommercial radio programs which it produces or acquires to other nonprofit public radio stations throughout the United States for rebroadcast to their communities . These stations help MPR support the costs of producing these programs by paying carriage fees . This is a related activity.

" Ticket sales to "A Prairie Home Companion ." MPR produces a live, weekly two-hour radio program, which it distributes to over 550 public radio stations across the country. This program features the best in contemporary live music, comedy, poetry, and drama on a non-commercial basis. A live audience pays an admission fee to attend the broadcasts . This is a related activity.

" Satellite Uplink. MPR uses its portable and its fixed satellite uplink equipment to assist other nonprofit public broadcasters in distributing noncommercial radio programs which they produce to other public radio stations. This is a related activity.

" Sales of Recordings. MPR has produced recordings of performances of music which it sells . MPR has produced music from its radio series Pipedreams, Saint Paul Sunday and The Morning Show. All of these radio series are produced, distributed and broadcast by the organization. This is a related activity.

STATEMENT 18 MINNESOTA PUBLIC RADIO 41-0953924 RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX ST. PAUL, MINNESOTA YEAR ENDED JUNE 30,2004

FORM 990, PART VIII, LINE 94

94. MEMBERSHIP DUES AND ASSESSMENTS

Minnesota Public Radio (MPR) is supported, in part, by its 80,000 members who made contributions of $10,579,844 in FY04. Of that amount, $547,256 was attributed to membership fees.

STATEMENT 11 a

MINNESOTA PUBLIC RADIO 41-0953924 RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX ST. PAUL, MINNESOTA YEAR ENDED JUNE 30,2004

FORM 990, PART VIII, LINE 103

Minnesota Public Radio is a general partner in Silver Creek Tall Tower Associates, a partnership which owns the tower on which the transmitting facilities for Minnesota Public Radio stations KLSE FM and KZSE FM are placed, both located in and licensed to Rochester, Minnesota. The other general partner, who serves as the managing partner, is United Audio Corporation, licensee of KNXR FM, also licensed to Rochester, Minnesota. The principal activity of the partnership is the ownership and maintenance of the tower for the purpose of serving the two partners. The partnership also leases certain space on the tower and in the associated transmitter building to other parties. The partnership does not engage in any other activities.

Minnesota Public Radio is a general partner in Shoreview FM group, a partnership which owns a master antenna and related equipment located on the United Television Tower in Shoreview, Minnesota . There are seven other general partner interests. Each general partner is a licensee of an FM radio station, licensed to a community in the Minneapolis/St . Paul metropolitan area, which uses this master antenna as its transmitting location. Minnesota Public Radio uses this master antenna as the transmifting location for its station KSJN FM, licensed to St. Paul/Minneapolis The only activity of the partnership is the ownership and maintenance of the master antenna for the purpose of serving its general partners. The partnership does not engage in any other activities .

Minnesota Public Radio is involved in a joint venture with Public Radio International to provide a twenty-four hour per day program service of classical music to public radio stations throughout the United States.

Minnesota Public Radio is a member of Appleton Tower LLC, a Minnesota limited liability company that was formed in April, 2001 . Appleton Tower LLC owns land and a tower on which the transmission facilities for Minnesota Public Radio stations KRSU FM and KNCM FM are placed . KRSU and KNCM are both licensed to Appleton, MN. West Central Educational Television Company, licensee of KWCM TV, also licensed to Appleton, MN, is the other member of Appleton Tower LLC . The LLC is governed by four Governors, two of whom are elected by Minnesota Public Radio and two of whom are elected by West Central Educational Television Company . The principal activity of the partnership is the ownership and maintenance of the tower for the purpose of serving the two members. The LLC also leases certain space on the tower and in associated transmitter building to other parties. The LLC does not engage in any other activities.

STATEMENT 2D a

MINNESOTA PUBLIC RADIO 41-0953924 RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX ST. PAUL, MINNESOTA YEAR ENDED JUNE 30,2004

FORM 990, PART VI, QUESTION 80

NAME FEIN TYPE

AMERICAN PUBLIC MEDIA GROUP 36-3503764 EXEMPT

THE FITZGERALD THEATER COMPANY 41-1429405 EXEMPT

1400 INC . 41-1762374 NON-EXEMPT

STATEMENT 21 M

MINNESOTA PUBLIC RADIO 41-0953924 RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX ST. PAUL, MINNESOTA YEAR ENDED JUNE 30,2004

FORM 990, SHEDULE A. PART IV-13, LINE G

Minnesota Public Radio incurred lobbying expenses of $5,901 for fiscal year 2004 (tax year 2003) to address the regional and national issues .

Statement :4Z MINNESOTA PUBLIC RADIO 41-0953924 RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX ST. PAUL, MINNESOTA YEAR ENDED JUNE 30,2004

FORM 990, PART 11, LINE 22

Grants and Allocations:

During FY04 (TAX03), a total of $500,860 was transferred to Minnesota Foundation by MPR, for use by Minnesota Foundation in a permanent trust/endowment which is dedicated to the long term support of the activities of MPR. These funds represent charitable contributions to MPR designated for permanent endowment. By the terms of the trust agreement which established The MPR Endowment Funds at Minnesota Foundation, approximately 6% of the average market value of the assets of the fund, using a sixteen quarter trailing average, is paid in annual operating support to MPR each year, and is used to pay for programming and broadcasting expenses. No grant expense is recorded for this transfer as MPR has adopted F.A.S . 136 .

STATEMENT 2~ F6rm Asset Acquisition Statement OMB No 1545-1021 (Rev October8594 2002) Under Section 1060 Department of the Treasury Attachment internal Revenue Service 11, Attach to your income tax return. 10, See separate instructions . Sequence No 61 Name as shown on return Identifying number as shown on return

Minnesota Public Radio 41-0953924

Check the box that identifies you: El Purchaser 0 Seller

General Information

1 Name of other party to the transaction ther party's identifying number

Advance Acquisition Inc. 20-0469543

Address (number, street, and room or suite no .)

2300 Riverside Drive

City or town, state, and ZIP code

Green Bay, WI 54301

2 Date of sale 3 Total sales price (consideration)

May 14, 2004 6,750,000.00

Assets Transferred-All filers of an original statement must complete

4 Assets I Aqqregate fair market value (actual amount for Class 1) 1 Allocation of sales once

Class I

Class 11

Class III

Class IV

Class V 847,954.62 847,954.62

Class VI and VII 5,902,045.38 5,902,045.38

6,750,000.001 Total I $ $ 6,750,000.00 5 Did the purchaser and seller provide for an allocation of the sales price in the sales contract or in another written document signed by both parties? ...... 21 Yes El No If "Yes," are the aggregate fair market values (FMV) listed for each of asset Classes 1, 11, 111, IV, V, VI, and VII the amounts agreed upon in your sales contract or in a separate written document? . . . . . Z Yes El No

6 In the purchase of the group of assets (or stock), did the purchaser also purchase a license or a covenant not to compete, or enter into a lease agreement, employment contract, management contract, or similar arrangement with the seller (or managers, directors, owners, or employees of the seller)? . . . . . E] Yes W1 No

If "Yes," attach a schedule that specifies (a) the type of agreement and (b) the maximum amount of consideration (not including interest) paid or to be paid under the agreement. See instructions .

For Paperwork Reduction Act Notice, see separate instructions. Cat No 63768Z Form 8594 (Rev 10-2002) Form 8594'(Rev 10-2002) Page 2 Supplemental Statement-Complete only if amending an original statement or previously fi supplemental statement because of an increase or decrease in consideration 7 Tax year and tax return form number with which the original Form 8594 and any supplemental statements were filed

9 Reason(s) for increase or decrease Attach additional sheets if more space is needed

9 Form 8594 (Rev 10-2002) Form 8868 02-21M) Page 2 * if you are filing for an Additional (not automatic) 3-Month Extension, complete only Part 11 and check this box ...... P. 21 Note : ~ Only c6r~plete Part H ff you have already been granted an automatic 3-month extension on a previously filed Form 8868. * If you are filing for an Automatic 3-Month Extension, complete only Part I (on page 1) . I Part 11 Additional (not automatic) 3-Month Extension of Time - Must ile Original and One Copy, Type or Name of Exempt Organization Employer identification number print MINNESOTA PUBLIC RADIO 141-0953924 File by the Number, street, and room or suite no . If a P.O . box, see instructions For IRS use only extended due date for 45 EAST SEVENTH STREET filing the City, town or post office, state, and ZIP code For a foreign address, see instructions . return See instruction ST . PAUL, MN 55101 Check type of return to be filed (File a separate application for each return) : rX~ Form 990 7 Form 990-EZ E] Form 990-T (sec. 401 (a) or 408(a) trust) [] Form 1041 -A Form 5227 [] Form 8870 E] Form 990-BL EJ Form 990-PF [] Form 990-T (trust other than above) E] Form 4720 Form 6069

STOP: Do not complete Part 11 if you were not already granted an automatic 3-month extension on a previously filed Form 8868.

" If the organization does not have an office or place of business in the United States, check this box ...... 10. " If this is for a Group Return, enter the organization's four digit Group Exemption Number (GEN) . If this is for the whole group, check this box p. M . If it is for part of the group, check this box lo. [:] and attach a list with the- names and EINs of all members the extension is for . 4 1 request an additional 3-month extension of time until MAY 16 _,20 05 5 For calendar year - , or other tax year beginning JULY 1 20 0 3 and ending JUNE 30 20 04 6 If this tax year is for less than 12 months, check reason : [] Initial return [] Final return E] Change in accounting period 7 State in detail why you need the extension ADDITIONAL TIME IS NEEDED IN ORDER TO GATHER .THE INFORMATION NECESSARY TO FILE A COMPLETE AND ACCURATE RETURN . -THEREFORE, AN EXTENSION OF TIME TO FILE IS RESPECTFULLY REQUESTED . 8a If this application is for Form 990-BL, 990-PF, 990-T, 4720, or 6069, enter the tentative tax, less any nonrefundable credits . See instructions ...... $ NONE b If this application is for Form 990-PF, 990-T, 4720, or 6069, enter any refundable credits and estimated tax payments made . Include any prior year overpayment allowed as a credit and any amount paid previously with Form 8868 ...... $ NONE c Balance Due. Subtract line 8b from line 8a. Include your payment with this form, or, if required, deposit with FTD coupon or, if required, by using EFTPS (Electronic Federal Tax Payment System) . See instructions ...... $ NONE Signature and Verification Under penalties of perjury, I declare that I have examined this form, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct. and complete, and that I am authorized to prepare this form

Signature J0 'CAM /a Title lo. Date 10. L~ Z I a k_ F ' "Notice to Applicant - To Be Completed by the IRS F-1 We have approved thisopplicabon . Please attach this form to the organization's return . We have not approved this application . However, we have granted a 10-day grace period from the later of the date shown below or the due date of the organization's return (including any prior extensions) . This grace period is considered to be a valid extension of time for elections othermse required to be made on a timely return . Please attach this form to the organization's return . F_J We have not approved this application . After considering the reasons stated in item 7, we cannot grant your request for an extension of time to file. We are not granting a 1 0-day grace period . we cannot consider this application because it was filed after the due date of the return for which an extension was requested . Other

By Director Date Alternate Mailing Address - Enter the address if you want the copy of this application for an additional 3-month extension returned to an address different than the one entered above. Name RENEE SCHWARTZ DELOITTE TAX LLP Type or Number and street (include suite, room, or print 120 SOUTH SIXTH STREET SUITE 400 City or town, province or state, and country (including postal or ZIP code) MINNEAPOLIS, MN 55402 Form 8868 (12-2000) STF FED9056F 2 Form8868 ApplicAbn for Extension of Time To 0 an (December 2000). Exempt Organization Return OMB No 1545-1709 Department of the Treasury interrial Revenue Semce jo. File a separate application for each return .

" If you are filing for an Automatic 3-Month Extension, complete only Part I and check this box ...... 10.0 " If you are filing for an Additional (not automatic) 3-Month Extension, complete only Part 11 (on page 2 of this form). Note: Do not complete Part /I unless you have already been granted an automatic 3-month extension on a previously riled Form 886& 1 Part I Automatic 3-Month Extension of Time - Only submit original (no copies needed) Note: Form 990-T corporations requesting an automatic 6-month extension - check this box and complete Part I only . . . . p-E] AH other corporations (including Form 990-C filers) must use Form 7004 to request an extension of time to file income tax returns. Partnerships, REMICs and trusts must use Form 8736 to request an extension of time to file Form 1065, 1066, or 104 1. Employer identification number Type or Name of Exempt Organization print MINNESOTA PUBLIC RADIO 141-0953924 File by the Number, street, and room or suite no. If a P.O. box, see instructions . due date for filing your 45 EAST SEVENTH STREET return See Cjty~ town or post office, state, and ZIP code. For a foreign address . see instructions . instructions ST . PAUL, MN 55101 Check type of return to be filed (file a separate application for each return): RX Form 990 E] Form 990-T (corporation) Form 4720 R Form 990-BL E] Form 990-T (sec. 401 (a) or 408(a) trust) Ej Form 5227 R Form 990-EZ E] Form 990-T (trust other than above) E] Form 6069 [j Form 990-PF E] Form 1041-A E] Form 8870 " If the organization does not have an office or place of business in the United States, check this box ...... 11-0 " If this is for a Group Return, enter the organization's four digit Group Exemption Number (GEN) . If this is for the whole group, check this box jo. [] . If it is for part of the group, check this box jo. Ej and attach a list with the names and EMS of all members the extension will cover. I I request an automatic 3-month (6-month, for 990-T corporation) extension of time until FEBRUARY 15 -20 05 to file the exempt organization return for the organization named above. The extension is for the organization's return for: lip. calendar year 20 - or p. tax year beginning JULY 1 20 -9 -3, and ending JUNE 3 0 -, 20 0 4

2 If this tax year is for less than 12 months, check reason: E] Initial return [] Final return E] Change in accounting period

3a If this application is for Form 990-BL, 990-PF, 990-T, 4720, or 6069, enter the tentative tax, less any nonrefundable credits. See instructions ...... $ NONE b If this application is for Form 990-PF or 990-T, enter any refundable credits and estimated tax payments made. Include any prior year overpayment allowed as a credit ...... $ NONE c Balance Due. Subtract line 3b from line 3a. Include your payment with this form, or, if required, deposit with FTD coupon or, if required, by using EFTPS (Electronic Federal Tax Payment System). See instructions ...... $ NONE Signature and Verification Under penalties of perjury, I declare that I have examined this form, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete, and that I am authorized to prepare this form

Title jl~ rph- Date No. For see Instruction (12-2000)

ISA STF FED9056F 1