NPR ANNUAL REPORT 2014

Fiscal Year 2014 | 1 FISCAL YEAR 14

TABLE OF CONTENTS

Overview of 2014 3

NPR Leadership Team 6

NPR Board of Directors 7

NPR Foundation Board of Trustees 8

NPR Supporters 10

Statement of Financial Position 15

Statement of Activities 16

Fiscal Year 2014 | 2 FISCAL YEAR 14

WELCOME TO THE 2014 ANNUAL REPORT FROM NPR

THIS WAS A YEAR MARKED BY NEW FRONTIERS Martin and NPR’s team led the way in NPR’s AND FOCUSED VISION AT NPR. In July, we welcomed coverage of the unrest in Ferguson, Missouri, surrounding our new CEO and President, Jarl Mohn, to NPR. An Officer Darren Wilson’s fatal confrontation with the experienced media executive with a passion for public unarmed Michael Brown, and the national dialogue it radio, he is looking to elevate NPR’s ambitions across inspired. NPR and NPR Member Station St. Louis Public the organization. In just his first few months, he made Radio covered the massive public response, putting changes to prepare NPR to connect with an increasingly themselves on the front lines in order to report on the diverse audience, pushed for greater innovation in interactions between police and protestors. With St. Louis how we connect with audiences, and inspired greater Public Radio, Martin hosted a community conversation collaboration between NPR and Member Stations. that brought diverse points of view to the forefront for thoughtful and impassioned discussion. Under our new President and CEO, NPR is making strides in living out the strategic aspirations articulated Our ambition is to take these kinds of stories everywhere in our strategic plan: “We will be the model for high that our audiences are seeking them. To expand the quality in the 21st century, strengthening the stories we tell, and how we tell them. cultural, civic and social fabric of our democracy. We We’ve embraced technology and a multi-platform will build on our heritage as reporters and storytellers, approach to our work to deepen our coverage and bring on our intimate relationship with audiences, and on our NPR to audiences who have not yet discovered us. In capacity for innovation in order to create a space where March, NPR became the first news provider on iTunes audiences congregate, connect and contribute to a shared Radio, launching a 24-hour stream offering a whole understanding of the wider world. We strive to feed new way to listen to the NPR newscasts, stories, and the mind and satisfy the soul.” programming that our audiences love. We then delivered In 2014, we expanded our vision, strategy, and execution on a promise to expand that listening experience even for innovative projects that extend NPR’s reach to new further with local streams from across the country. audiences across broadcast and digital platforms, and In the fall, we launched NPR One, a groundbreaking public brought NPR into communities in new ways through radio audio app that connects listeners to a stream of live events. public radio news and stories curated for them. Informing, In our News division, we created new opportunities to engaging, inspiring and surprising, it’s an entirely new way bring NPR host ’s voice, perspective, and for NPR to present audio content in the digital world. NPR experience to audiences through “NPR Presents Michel One seamlessly presents reports from local NPR Member Martin,” a new live events series across the country, as Station alongside national news and features from NPR. well as a greater presence across NPR News programs. NPR is taking our stories to listeners in new ways, and In her new role, Martin is taking the studio to the story, bringing our staff into new areas of the world. In 2014, going where the nation’s most important conversations we announced the upcoming opening of a new bureau are happening. Today Martin is telling these stories from in Seoul. Our goal is to expand our coverage of Asia and their epicenters and in partnership with NPR Member complement the work of our bureaus in Islamabad, New Stations, giving local stories national resonance. Delhi, Shanghai, and Beijing. At a time when other news

Fiscal Year 2014 | 3 FISCAL YEAR 14

SPONSORS

organizations have reduced international coverage, NPR’s News from around the world wasn’t the only thing 17 foreign news bureaus are covering some of the most keeping our reporters busy. Here at home the country important stories of our time, including the rise of ISIS in faced a midterm election. Leading up to the elections and the Middle East and the outbreak of Ebola in West Africa. as the ballots closed across the country, our political team , who covers the intersection of technology and was on hand to provide extensive coverage and analysis culture for NPR’s on-air, online and multimedia platforms, on the candidates, the issues, and the challenges faced will take on a new role as NPR’s Seoul reporter. in this year’s election cycle. On NPR.org, we launched an Election Night Party, an interactive tool that allowed users Thanks to NPR’s ongoing commitment to international to track results from ballot measures, congressional and news coverage, we had our international team throughout gubernatorial races, alongside live blogging and social the world on the ground to provide coverage of the media updates from NPR. biggest news stories in 2014: Gregory Warner reporting on Crimea; and Emily Harris reporting on the Our spirit of innovation and commitment to our mission latest conflict between Israel and Hamas; continued to earn NPR the respect and appreciation of reporting from Beijing on the missing Malaysia airliner and audiences across the nation, and our peers in journalism. the tragic ferry boat sinking in South Korea; Among our honors this year, NPR was awarded two reporting from Donetsk on the Malaysia Airline shot down duPont-Columbia Awards, one of the most highly- over eastern Ukraine; Leila Fadel in Erbil reporting on the regarded recognitions in journalism. The NPR News resurgence of fighting in Iraq due to the rise of ISIS. investigative series “Guilty And Charged,” which offered startling evidence of a two-tiered justice system that As Ebola flared in Africa, NPR’s Ofeiba Quist- more harshly punishes the poor with costs and fees, Arcton joined NPR’s Global Health and Development and “‘ Makes A T-Shirt,” our multi-platform Correspondent Jason Beaubien, photojournalist David collaboration between Planet Money and the NPR Visuals Gilkey, and quickly expanding teams of NPR reporters and team, each were honored. producers to bring this critical story home. Experienced correspondents found themselves in 360-degree danger Across the organization, NPR embraced innovation, taking zones, as they worked to cover the disease and its impact a new look at what we’ve been doing to create something as safely as possible. As Ebola made its way to the U.S., even more valuable to our audiences. our science team, having spent months covering the In the fall, NPR Music joined with Member Station WBGO, epidemic, cut through the fears to report on the facts on and Jazz at Lincoln Center to create the next generation the possible spread of the disease in this country. of jazz programming from public radio: Jazz Night in Throughout 2014, NPR continued to explore the world America. Hosted by multiple Grammy Award-winning around us with series like “Borderland: Dispatches From musician Christian McBride, Jazz Night in America presents the U.S.-Mexico Boundary” and the special “Heirs of the content on multiple platforms and from across the nation Revolution: A Changing Cuba” and our extensive coverage to share this uniquely American art form for audiences of Brazil as the country geared up to host the World Cup today, connecting jazz enthusiasts and potential new fans and the 2016 Olympic summer games. with artists and venues — and each other — through weekly, one-hour broadcasts and an array of 26 live signature

Fiscal Year 2014 | 4 FISCAL YEAR 14

SPONSORS

videocasts and on-demand video of jazz events from today’s great artists and venues. Jazz Night in America is also regularly featured on NPR newsmagazines, including artist profiles, features, and interviews.

And in 2014 NPR’s previously digital-only Alt.Latino program came to the airwaves as a discrete program, building on the audience it has attracted as a web program and , in its new incarnation. Every week, Alt.Latino introduces listeners to new alternative Latin music, including diverse genres such as cumbia, Mexican garage rock, Panamanian rap, heavy metal mariachi and many more boundary-blurring sounds from around the world. In addition to music, Alt.Latino features interviews and insightful conversation about Latin events and culture.

Through news and music, NPR and Member Stations are reaching out to audiences wherever they are. We’re embracing the digital media world and bringing truth to a saying we have at NPR, “Today’s public radio isn’t going away, it’s going everywhere.”

THANK YOU FOR BEING PART OF OUR STORY.

Fiscal Year 2014 | 5 FISCAL YEAR 14

NPR LEADERSHIP TEAM

Jarl Mohn Eric Nuzum President and CEO Vice President, Programming

Michael F. Beach Marjorie Powell Vice President, Distribution Vice President, Human Resources

Zach Brand Mike Riksen Vice President, NPR Digital Media Vice President, Policy and Representation

Emma Carrasco Christopher Turpin Chief Marketing Officer and Senior Vice President Acting Senior Vice President, News for Audience Development

Keith Woods Deborah A. Cowan Vice President, Diversity in News and Operations Chief Financial Officer and Vice President, Finance

Leadership team as of December 31, 2014. Marty Garrison Vice President, Technology Operations, Distribution, and Broadcast Engineering

Monique Hanson Chief Development Officer

Jonathan Hart Chief Legal Officer and General Counsel

Gemma Hooley Vice President, Member Partnership

Robert Kempf Vice President and General Manager, Digital Services

Loren Mayor Chief Operating Officer

Fiscal Year 2014 | 6 FISCAL YEAR 14

NPR BOARD OF DIRECTORS

Fabiola Arredondo Chris Boskin Mike Crane (Term Began in November 2014) Patricia Diaz Dennis Betsy Gardella Paul G. Haaga, Jr. (Term Ended in July 2014; Term Began in November 2014) Kit Jensen Roger LaMay Caryn Mathes Jarl Mohn (Term Began in July 2014) Greg Petrowich Marita Rivero (Term Ended in November 2014) Florence M. E. Rogers Roger Sarow (Term Ended in November 2014) Mike Savage (Term Began in November 2014) Kerry Swanson Connie Walker Howard Wollner John S. Wotowicz

Fiscal Year 2014 | 7 FISCAL YEAR 14

NPR FOUNDATION BOARD OF TRUSTEES

Howard Wollner John R. Farmer Jeffrey L. Kenner Chairman Tiburon, CA New York, NY Healdsburg, CA

Gary J. Fernandes Jonathan W. Kutchins Paul M. Ginsburg , TX , MA Vice Chair Island Park, ID Paul M. Ginsburg Stuart Lucas Island Park, ID , IL Camilla Smith Vice Chair Harriett Gold John Patrick McGinn , CA , CA New York, NY

James M. Grant Joseph C. McNay Trustees New York, NY Boston, MA

Anette L. Harris Pam Mirels Norris Bishton, Jr. Tiburon, CA New York, NY Pacific Palisades, CA John A Herrmann, Jr. Lynn Pigott Mowe John W. Buoymaster New York, NY , WA San Francisco, CA Richard H. Hertzberg Miriam Muscarolas Donald P. de Brier Del Mar, CA Pacific Palisades, CA Los Angeles, CA Stephen A. Hopkins Brien O’Brien Harold M. Brierley Washington, DC Chicago, IL Dallas, TX Patsy Ishiyama Patricia Papper John P. Dubinsky San Francisco, CA , FL Cambridge, MA Jane Frank Katcher George McCorkell Plews Margot P. Ernst Coconut Grove, FL , IN New York, NY

Fiscal Year 2014 | 8 FISCAL YEAR 14

NPR FOUNDATION BOARD OF TRUSTEES

Richard Rampell Trustees Emeriti Ex Officio Trustees Palm Beach, FL

John R. Reinsberg Dean V. Ambrose Betsy Gardella New York, NY Los Angeles, CA Concord, NH

Murray Sinclaire Carolyn Bucksbaum Jarl Mohn , OH Chicago, IL Washington, D.C.

Bernee D.L. Strom Sukey Garcetti Kit Jensen Redmond, WA Los Angeles, CA , OH

Peter D. Swift, M.D. Peter N. Heydon Charlotte, VT Ann Arbor, MI

Roselyne Chroman Swig Barbara S. Linhart San Francisco, CA New York, NY

Antoine W. van Agtmael Jane V. Peyrouse Bethesda, MD Somerville, MA

John S. Wotowicz William J. Poorvu New York, NY Cambridge, MA

Sandra S. Pressman Beverly Hills, CA

Lee Ramer Los Angeles, CA

Fredericka Stevenson Cambridge, MA

Howard Stevenson Cambridge, MA

Fiscal Year 2014 | 9 FISCAL YEAR 14

NPR SUPPORTERS

20 Arizona State University C The Arts Center of the Capital Region 20th Century Fox Home Entertainment Cabot Creamery Cooperative AstraZeneca Cancer Treatment Centers of America A AT&T Performing Arts Center Candlewick Press Atavist Books AARP Capitol Records athenahealth ABRAMS Carbonite Symphony Orchestra Acorn Media Care.com Atlassian Adobe Systems CarMax ATO Records AEG Live Carnegie Corporation of New York Audible.com Al Jazeera America CBS Allegro Media Group B Certified Financial Planner Board of Standards Amazon Services Barnes & Noble Charles Schwab Corporation American Committee for the Barracuda Networks Weizmann Institute of Science Chevrolet Beggars Group American Express Company Chicago Zoological Society Berkley Books American Heart Association Christie’s Berlitz Languages American Institute of Architects CIGNA Foundation Better World Club American Jewish World Service CITGO Betterment American Occupational Therapy Citrix Systems Association Blinds.com City National Bank America’s Natural Gas Alliance Blue Apron Cleveland Clinic Anchor Bay Entertainment Bluebeam Software CNN Angie’s List Bose Corporation Columbia Business School Ann Arbor Area Convention & Visitors Brigham and Women’s Hospital Bureau Columbia University Bryant University The Annie E. Casey Foundation CommonBond BTS ANTI- Records Concord Music Group The Bydale Foundation Apple Concrete Marketing Byliner The Argus Fund The Conservation Fund

Fiscal Year 2014 | 10 FISCAL YEAR 14

NPR SUPPORTERS

Constant Contact F William T. Grant Foundation Corporation for Public Broadcasting The Great Courses Fairfax Economic Development Courgette Records Authority Greensboro Partnership

Craft in America Fandor The George Gund Foundation

Creative Artists Agency Fathom Events H Croshal Entertainment Group Fifth Generation Hachette Book Group USA CSX Corporation The First Tee Harlequin Enterprises Flowroute D Mary W. Harriman Foundation Focus Features Def Jam Recordings HarperCollins Publishers The Ford Foundation Delta Air Lines Harvard Extension School Ford Motor Company DK Publishing HBO Fox Broadcasting Domino Recording Company Headline Shirts Fox Searchlight Pictures Doris Duke Charitable Foundation Healthgrades Friend Trusted Dow Chemical Company Henry Ford, The

The Ducommun and Gross The William and Flora Family Foundation G Hewlett Foundation Dutton hibu Bill & Melinda Gates Foundation Hilton, Lisa E General Dynamics Information Technology The Holborn Foundation Easton Press George Lucas Educational Foundation The Honest Company The Economist Gevalia Houghton Mifflin Harcourt Emma The J. Paul Getty Trust Encore.org I Glass Doctor Endless Pools IBM GlaxoSmithKline Entertainment One Music IFC Glimmerglass Festival Epitaph Records Inada Google Esurance Insurance Services Indiana University GPK Foundation Ewing Marion Kauffman Foundation International Rescue Committee G.P. Putnam’s Sons

Fiscal Year 2014 | 11 FISCAL YEAR 14

NPR SUPPORTERS

It Books Lincoln Center for the Performing Arts Motor City Casino

Italian Embassy Lindamood Bell Learning Processes Moyers Media

ITVS Lionsgate Home Entertainment MPI Media Group

Little Pim Mute Records J Little, Brown and Company Mystic Seaport

John Wiley & Sons Live Nation N Joseph Drown Foundation Living Essentials

The Joyce Foundation Lookout National Association of Realtors National Association of Social Workers K Louisiana Office of Tourism Leon Lowenstein Foundation, Inc. National Endowment for the Arts Kennedy Space Center Lulu Natural History Museum of Los Angeles County Kirtland Records Lumber Liquidators Nautilus John S. and James L. Knight Foundation Lumosity NBC Universal Knopf Doubleday Publishing Group lynda.com Netflix Kobalt Music New York Health & Racquet Club Kobo M The New York Times The Kresge Foundation The John D. and Catherine T. MacArthur Foundation Newman’s Own Foundation

L Mack Avenue Records Nonesuch Records

Lackberg, Camilla MailChimp Nora Roberts Foundation

The Jacob & Valeria MassMutual Financial Group Northwestern University Langeloth Foundation Matador Records Novo Nordisk Laura and John Foundation Mathnasium Ledbury O McKesson Corporation Lemelson Foundation The Melville Charitable Trust Offce Designs Level 33 Entertainment Merge Records The Ohio State University Medical Center Leon Levy Foundation MHI Global Ooma Lexus Microsoft Corporation Open Road Integrated Media Liberty Studios Millennium Entertainment Open Society Institute LifeLock MOO

Fiscal Year 2014 | 12 FISCAL YEAR 14

NPR SUPPORTERS

Orange County Community Foundation Red Light Management Showtime

The Orchard Redeye Distribution Simon & Schuster

The Overbrook Foundation Regus Group Companies Skoll Foundation

REI smart P Relativity Media Smile Train

Pajamagram Company Reputation.com Entertainment

Pantelion Films RetailMeNot Sony Pictures

Paramount Pictures Retrofit Sony Pictures Home Entertainment

Park Foundation, Inc. Rhino Entertainment Source America

PBS RingCentral Southern Ground Artists

PBS Distribution Road Scholar Squarespace

Peerally, Shah Robert Sterling Clark Foundation St. George’s University

Penguin Group (USA) The Robert Wood Johnson Foundation St. Jude Children’s Research Hospital

Performance Bicycle RockAuto Stamps.com

Perimeter Six Press Ross University State Farm Mutual Automobile Insurance Company Perseus Books Group Ste. Michelle Wine Estates The Pew Charitable Trusts S StubHub Pimsleur Salesforce.com Records Plume Salsa Labs Subaru of America Progressive Casualty San Francisco Symphony Insurance Company Submarine Entertainment SaneBox Public Interest Pictures Sungevity Sawyer Studios Public Welfare Foundation, Inc. Svago The SCAN Foundation Sy Syms Foundation R Scholastic Science & Technology RADIUS-TWC Directorate (DHS) T

Random House Secret City Records T. Rowe Price

Raymond James Financial SenArt Films Target

Rdio Sennheiser Electronic Corporation Temple University

RED Shakespeare’s Globe Texas Children’s Hospital

Fiscal Year 2014 | 13 FISCAL YEAR 14

NPR SUPPORTERS

Texas Mutual Insurance Company Viking Press Z Thomson Reuters Corporation Viking River Cruises Zillow Time-Life Virginia Energy Sense ZipRecruiter TimkenSteel Corporation W Zurich North America Tire Rack

TiVo W.W. Norton & Company

TNTP The Wallace Foundation

Tribeca Enterprises Walt Disney Studios

Trunk Club Walton Family Foundation

Truth in Advertising Warner Bros. Pictures

U Warp Records

Union of Concerned Scientists Washington Square

Unisys Corporation Wealthfront

United Concerts The Weinstein Company

UnitedHealthcare Wells Fargo Advisors

Universal Music Group WETA

Universal Uclick WGBH

The University of California, The Wild Animal Sanctuary Los Angeles The Wildflower Foundation, Inc. University of Notre Dame William Morrow & Co. The University of Texas MD Anderson Cancer Center Wix.com

University of Texas Press Wyncote Foundation

V Y

Vanderbilt University Medical Center Yamaha Entertainment

Vanguard Records Yoshiki

Vermont Teddy Bear Co.

Fiscal Year 2014 | 14 FISCAL YEAR 14

STATEMENT OF FINANCIAL POSITION (NPR PARENT COMPANY ONLY)

Assets Liabilities and Net Assets

Current Assets $ Current Liabilities $

Cash and cash equivalents 6,776,127 Accounts payable and other liabilities 26,407,528

Restricted cash and cash equivalents 3,792,997 Deferred revenue 11,984,967

Accounts and contributions receivable, net 30,904,692 Debt 176,224,969

Investments 73,287,452 Total Liabilities 214,617,464

Property and equipment, net 231,132,213 Net Assets 140,269,724

Prepaid expenses and other assets 8,993,707 Total Liabilities and Net Assets 354,887,188

Total Assets 354,887,188

The financial information above is presented for convenience purposes only. While the financial information was extracted from supplementary information in the audited financial statements, the financial information should not be relied on. A copy of the printed financial statements is available upon request.

Fiscal Year 2014 | 15 FISCAL YEAR 14

STATEMENT OF ACTIVITIES (NPR PARENT COMPANY ONLY)

Operating Revenues Operating Expenses

$ $

Station dues and fees 80,259,224 News and engineering 80,716,797

Corporate sponsorship 43,137,905 Digital media and services 18,832,950

Grants and contributions 31,090,592 Distribution and satellite interconnection 27,482,242

Distribution and satellite interconnection 25,562,533 Programming and NPR Music 22,552,646

Distribution from endowment 10,312,118 Support and other program services 56,869,667 to support operations Total operating expenses 206,454,302 Other revenues 14,360,893 Change in net assets from operations (1,731,037) Total operating revenues 204,723,265 Non-operating activities, net (17,493,848)

Additional Detail: NPR competes for and receives grants Total change in net assets (19,224,885) from CPB and federal agencies. Such funds may only be Net assets, beginning of the year 159,494,609 used for the purposes of the grant. The $204,723,265 in operating revenues in FY2014 includes $325,000 in Net assets, end of the year 140,269,724 competitive federal grant income and $1,078,000 in CPB competitive grants.

The financial information above is presented for convenience purposes only. While the financial information was extracted from supplementary information in the audited financial statements, the financial information should not be relied on. A copy of the printed financial statements is available upon request.

FOR MORE INFORMATION

Additional information about NPR’s progress and activities can be found in .org/about. Thank you for your interest in NPR.

Fiscal Year 2014 | 16 THANK YOU

Fiscal Year 2014 | 17