REACHING MORE IOWANS

ANNUAL REPORT Fiscal Year 2010 OUR MISSION:

To enhance civic and cultural connections across the state, strengthening Iowa’s communities and reflecting Iowa’s sense of place. LETTER FROM THE CEO

ONE OF THE THINGS THAT HAS ALWAYS STRUCK ME ABOUT IOWA PUBLIC RADIO IS THE UNEQUALED PASSION AND LOYALTY OF OUR LISTENERS AND SUPPORTERS.

That was never more vivid than during the past fiscal year. It is that mission that drives Iowa Public Radio to deliver Classical • At a time when commercial broadcasters across the country and Studio One music programming that stirs the heart, and Talk cut back on their investments in original programming, Iowa and News programming that explores the important issues of our Public Radio did just the opposite, launching new locally communities, our state and our world with depth and in an Iowa produced, locally hosted programs. context. • At a time when mass media attention shifted more toward You, our listeners and supporters, have rewarded us for these efforts. celebrity gossip, Iowa Public Radio expanded its local and • More people listened to Iowa Public Radio than ever before. statewide news gathering capabilities and delivered to Iowans Listenership was up 2% over 2009, according to Arbitrion more in-depth coverage than most broadcast operations in Spring 2010 ratings. the state. • More Iowans apparently like what they hear on Iowa Public • And at a time when many businesses put their capital Radio, so much that over 2,400 new members contributed to improvements on hold, Iowa Public Radio stepped up its IPR. investments in technology and facility improvements to reach • Over 290 businesses invested in Iowa Public Radio – an more listeners in more areas of the state and to enrich our increase of 47%. listeners’ public radio experience. We thank you for the confidence you have placed in Iowa Public Just as impressive, these accomplishments occurred as Iowa Radio and for the generosity you’ve given to us by listening and Public Radio continued major steps toward fully integrating the through your support. You have my commitment that Iowa Public organization, enhancing efficiencies and decreasing our financial Radio will continue to justify your confidence and support in the dependence on the state’s three public universities. months and years to come.

Living Up to Our Mission Most sincerely, By taking these steps, Iowa Public Radio stayed true to its mission – enhance civic and cultural connections across the state, strengthening Iowa’s communities and reflecting Iowa’s sense of place. Mary Grace Herrington

REACHING MORE IOWANS

ONE OF THE TOP PRIORITIES OF IOWA PUBLIC RADIO IS TO EXTEND OUR VOICES TO MORE AREAS OF THE STATE

– giving more Iowans the opportunity to experience rich, timeless includes bringing some of the finest programs and performers to music and the in-depth perspective of the world we live in that Iowa. We presented An Evening with David Sedaris in Davenport they can only get from public radio. We launched a new station in and a live broadcast of A Prairie Home Companion with Garrison Bettendorf in 2010 to bring News and Studio One programming Keillor that drew more than 1,700 fans in Des Moines. The success to eastern and southeastern Iowa.We are aggressively moving to of these events and the positive feedback from our listeners and bring Iowa Public Radio to underserved areas of western Iowa; members fostered the idea for Iowa Public Radio’s Insight Series and achieved an important milestone in 2010 by winning Federal – an opportunity to consistently bring in public radio’s best voices Communications Commission approval to build a new FM station for on-stage conversations in our home state. that will serve the Sioux City area and will debut in 2011. Iowa Public Radio supported its programming with a comprehensive campaign to make Iowans aware of the depth of IPR News and Talk programs, the richness of IPR Classical and the CONNECTING IOWANS TO THEIR uniqueness of IPR Studio One. And IPR hosted or participated in a variety of other events that STATE AND CULTURE connected Iowans with music, culture and public radio including: In a year that saw many mass media organizations cut their • Friends of KHKE/KUNI Blues Blowout and An Evening of commitments to original programming, Iowa Public Radio did just Wine and Tulips the opposite. Iowa Public Radio brought more locally produced • Metropolitan Opera Live in HD Cinecast Performances and locally hosted music programs to our listeners. Blue Avenue, • Listener parties in Des Moines, Ames, Iowa City and Cedar Falls The Jazz Department, and The Folk Tree offer listeners unique • Blues Cruise in Dubuque perspective of iconic genres that stir passions. We also partnered • Des Moines Arts Festival with the Iowa Arts Council to bring back the long-time favorite, • 80/35 Music Festival Iowa Roots, a collection of stories about the artists and craftsmen • Iowa City Jazz Festival and women who are our neighbors and friends. • Ames Octagon Arts Festival Part of Iowa Public Radio’s role in enhancing cultural connections • Cedar Falls College Hill Arts Festival

3 ENHANCING THE LISTENING EXPERIENCE

For listeners to have a rewarding experience with Iowa Public remain on the air during and after natural disasters. Radio, our technology must measure up to our outstanding We also combined our music resources in our Cedar Falls content. In 2010 and with the support of state appropriations, location, allowing all of our classical, jazz, folk and Studio One IPR launched a $1 million project in capital improvements. These producers and program hosts to collaborate and coordinate efforts included a major upgrade of our technical capabilities at their programs. And we have equipped them with the latest our Ames facilities. The upgrades include a new content delivery music software to manage the most comprehensive music system that will accommodate expansion of the Iowa Public library – more than 40,000 CDs. In addition, larger studio space Radio network to cover more areas of the state, enhance the – equipped with a baby grand piano -- allows for more live, quality of our broadcast signals and provide critical backups to in-studio music performances than ever before.

IOWA PUBLIC RADIO NEWS brings Iowans a deeper understanding of the world we live in as well as the people and events that shape our world, our state and our communities. It’s not headlines but probing stories and talk programming that delves deeply into the issues, the culture of Iowa and the challenges of everyday life.

IOWA PUBLIC RADIO CLASSICAL is Iowa’s only broadcast source of the most beautiful and timeless music ever written and performed from symphonies and operas performed in venues around the world and around the state.

IOWA PUBLIC RADIO STUDIO ONE brings Iowans music that stirs passions, from blues, to folk, from jazz to songs from the golden age of rock and roll. And we showcase Iowa’s vibrant music scene with live performances and insightful interviews with the performers.

4 MARK SIMMET

Host of Night Music Iowa Public Radio STUDIO ONE IOWA PUBLIC RADIO CONSOLIDATED FINANCIALS 2010*

STATEMENT OF NET ASSETS

ASSETS Cash $1,762,903 Accounts receivable $542,741 Prepaid expenses $235,025 Investments $3,791,978 Capital assets $2,873,265

TOTAL ASSETS $9,205,912

LIABILITIES Accounts payable $159,384 Prepaid revenue $98,656 Compensated absences $380,463 Retirement benefits payable $118,483 Deferred revenue $60,792

TOTAL LIABILITIES $817,779

Invested in capital assets $2,873,265 Restricted $829,949 Unrestricted $4,684,919

EXPENSES BY SOURCE TOTAL NET ASSETS $8,388,133 62% Service delivery 20% Fundraising TOTAL LIABILITIES & NET ASSETS $9,205,912 18% Administrative

*The consolidated financials for Fiscal Year 2010 represents the financial activity for the WOI Radio Group, the KSUI Radio Group, the KUNI Radio Group and Iowa Public Radio, Inc.

6

STATEMENT OF REVENUES, EXPENSES AND CHANGES IN NET ASSETS

REVENUES Development $3,230,690 State $2,208,560 Federal $918,185 Investments $362,382 Other $166,138

TOTAL REVENUES $6,885,954

EXPENSES Service delivery $4,359,256 Fundraising $1,387,647 Administrative $1,243,692

TOTAL EXPENSES $6,990,595

CHANGE IN NET ASSETS ($104,641)

NET ASSETS, BEGINNING OF YEAR $8,492,774

REVENUES BY SOURCE NET ASSETS, END OF YEAR $8,388,133 47% Development 32% State 13% Federal 5% Investments 3% Other IOWA PUBLIC RADIO BOARD OF DIRECTORS Iowa Public Radio is governed by a five-member board of directors that includes one representative from Iowa’s public universities and two community representatives. They include:

Arthur Neu, Chairman, Carroll Steve Parrott, The University of Iowa Kay Runge, Vice Chair, Davenport Steve Carignan, University of Northern Iowa Warren Madden, Iowa State University

Iowa Public Radio is grateful for the service of Steve Parrott and Steve Carignan for five years. We welcomed new board members Gloria Gibson from the University of Northern Iowa and Tysen Kendig from The University of Iowa in October 2010.

7 CONTRIBUTORS: 47% OF IOWA PUBLIC RADIO OPERATING REVENUES WERE PROVIDED BY CORPORATE CONTRIBUTORS AND MEMBERS. CORPORATE CONTRIBUTORS

CORPORATE City Circle Acting Company of Bank Iowa Natural Heritage CONTRIBUTORS Coralville Faulconer Gallery Foundation Civic Center of Greater Des First Christian Church Des Iowa Policy Project 18th Street Vintage and Metro Moines Moines Iowa Public Television Records Civic Music Association First National Bank Iowa Secretary of State 30th Century Bicycle Clarion Hotel and Conference Fitness Sports the Iowa Shakespeare ACES: Advanced Computer Center Food With Flair Experience Engineering Solutions Clear Lake Telephone Forever Green, Inc Iowa Sleep Disorders Center Acupuncture and Chinese Coe College Fort Madison Area Art Iowa Society of CPAs Medical Clinic College Hill Arts Festival Association Iowa State Bank Adamantine Spine Moving Community Foundation of Friends of Historic Preservation Iowa State Center Amana Furniture and Clock Northwest Iowa Friendship Village Retirement Iowa State University Memorial Shop Cornell College Community Union American and Iowa Academies Crazy To Quilt Shop FSB Warner Financial Iowans for An End To Water of Otolaryngology Defunct Books Fun Fun Fun Fluoridation American Trust and Savings Des Moines Area Community Gallagher Bluedorn Performing I-Renew Bank College Arts Center Iowa State University Book Ames British Foods Des Moines Art Center Gilbert Street Interiors Store Ames Chamber Artists Des Moines Arts Festival Gina’s BMW Motorcycle Iowa State University Center Ames Town and Gown Des Moines Choral Society Gong Fu Tea for Excellence In the Arts and Appliance Barn Des Moines Embassy Club Great River Shakespeare Humanities Art Mission Des Moines Metro Opera Festival Iowa State University Extension Artifacts Des Moines Music Coalition Greater Iowa Credit Union Iowa State University theatre Augustana College Des Moines Public Schools Grinnell College Jam Productions Authentic Records Des Moines Symphony Grinnell Heritage Farm Java House Avant Gardening Des Moines University Groth’s Gardens Jax Outdoor Gear Back Country Diedrichs and Associates, Inc. Guy R. Cook Johnny’s Italian Steakhouse BDF Investments Discerning Eye Half Price Books Joseph’s Beadology Doctor Jason Bradley Hallmark Business Expressions Just Dogs Play Care Beaver Productions Dodge Street Tire and Iowa Hampton Inn Kavanaugh Art Gallery Bella Vita Chiropractic and City Tire Hancher Auditorium Kansas City Irish Fest Wellness DPO Construction Harmony Hawks Kentucky Fried Chicken Bergland and Cram Architects Dr. Greg Ganske Hayek Brown Moreland and Kitchen Collage Black Hawk Children’s theatre Drake Community Library Hayek Kitchen Essentials and Gifts Blackhawk Hotel Drake University Hearst Center for the Arts Knebel Windows Blank and McCune Dry-Basement Waterproofing Heartland Yoga Ladora Bank Bistro Bluebird Diner Dubuque Museum of Art Herteen and Stocker Jewelers Leaf Kitchen Board of Regents Dubuque Symphony Orchestra, Historic East Village Leash On Life Bob’s Guitars the Hollyhock Legacy Marketing Partners Bosnian Cultural Foundation Dupaco Community Credit Hoover Museum Linder Tire Brain Injury Association of Iowa Union Houseworks LISCO Brown Wing Studio East Central Intergovernmental Iowa City foreign Relations Luther College Café Del Sol Roasting Association Council Main Street Antiques and Art Campbell Steele Gallery East Central Intergovernmental Iowa Association of Mainstream Living, Inc. Campbell’s Nutrition Association Independent Colleges and Marion Arts Festival Canoe Hardwood Flooring Inc East Village Spa Universities Marshalltown Convention and Care Consultants for the Aging Eastern Iowa Airport Iowa Book Visitors Bureau Cathedral Church of St Paul Edible Iowa River Valley Iowa City Landscaping and Max Cast Cedar Falls Utilities El Banditos Garden Center Max Wellman Cedar Rapids Museum of Art Elements Limited Iowa City Public Library McDonough Structures Museum Store Englert theatre Iowa Council of Foundations McFarland Clinic Cedar Valley Chamber Music Europa Cycle and Ski Iowa Dance theatre McKee, Voorhees and Sease, Festival Every Bloomin’ Thing Iowa Democratic Party PLC Center On Sustainable Everybody’s Whole Food Iowa Department of Cultural Meardon, Sueppel, Downer, PLC Communities Evologic, Inc Affairs Melting Pot Productions Chait Galleries Downtown Ewer’s Men’s Store Iowa Energy Center Merchants of Amana Chamber Singers of Iowa City Exotic India Iowa Health System MidAmerican Energy Chef’s Table Eyecare Associates Iowa Hospital Association Midwest Antiques Show Chuck’s Restaurant Farmers and Merchants Savings Iowa Legal Aid Society Midwest One Bank

9 CORPORATE, HERITAGE SOCIETY, BENEFACTORS, PARTNERS, LEADERS & INVESTORS

Mississippi Valley Blues Society Summer of the Arts Anonymous Karen and Doug Jeske Mohair Pear Susan Shinnick Textile and Anonymous Robert and Nancy Lewis Moondog Music Clothing Anonymous The McIntyre Foundation The Motley Cow Café Sustainable Living Coalition Shirley Berg Michael O’Hara and Jane Mount Vernon Area Arts Systems Unlimited Margaret Brennan Engeldinger Council Taproot Nature Experience Ted and Marilyn Devick Ann Mowery and Allan Powers Museum Store at the Cedar Taste On Melrose Charles A. Hale* and Lenore Robert Tree Rapids Museum of Art Taxes Plus R. Hale Valerie and Roger Vetter National Balloon Classic Terrace Hill Foundation Judith Harrington, Ph.D. Alice Walters National Czech and Slovak Terry Lockridge and Dunn D. Jane Hudson Geitel Winakor Museum and Library the Family Pet Veterinary Clinic Whealen M. Koontz Northeast Iowa Artists’ Studio the Grout Museum District Roger L. Lande and Sarah D. Tour the Mainstay Inn Lande New Pioneer Co-Op the Oak Tree, Inc. Roger C. Leslie and Thea L. Next Step Adventure Theatre Cedar Rapids Leslie LEADERS North Iowa Area Community Trees forever Jane McCune and Robert S. Gifts of $1,000 to $2,499 College Unitarian Universalists of Iowa Wachal Oasis Falafel University Book and Supply Richard A. McKay and Donna Old Capitol Screen Printers University of Iowa Center for J. McKay Ken and Adrienne Adams Olson Larsen Galleries Conferences JoAnn Oxley Shirley Altenhofen Om Gifts for Body and Soul University of Iowa College of Himie Voxman Twila Anderson Orchestra Iowa Pharmacy Geitel Winakor Anonymous Outback Concerts University of Iowa International *denotes deceased Sarah Joan Baker Outside the Lines Art Gallery Programs Don and Jane Banwart Pagliai’s Pizza University of Iowa Jakobsen Jon and Claudia Batesole Paul Mcandrew Law Firm Conference Delores and Wayne Bauman Pendemonium University of Iowa State Caroline Boehnke-Becker and Plymouth Congregational Archaeologist of Iowa BENEFACTORS Thomas Becker Court Bentley Church Uncorked Wine Tasting Gifts of $10,000 and above Prairie Lights Books University of Northern Iowa Jim and Tarita Benzoni Premium Solutions Museum Anthony and Ann Birnbaum Quality Care Upper Iowa University The Friends of KHKE/KUNI Marjorie Black Raccoon Valley Bank Uptown Marion Cultural and Michael and Alice Blackmore Rain Barrels Iowa Entertainment District and Katherine Broman RAYGUN Veridian Credit Union Jackie Blank Reata’z Deli Wartburg College Met Chorale David Boarini and Michelle the Red Avocado Wartburg Symphony PARTNERS Peacock Reiman Gardens Webcentric Gifts of $5,000 and above Peg Bouska River Music Experience Wells Fargo Advisors The Brownwell Family Roth Jewelers Westminster Presbyterian Foundation Sabeel Iowa Church Anonymous Ned and Micky Burmeister Safe Home Products World of Bikes Anonymous Cecelia and Richard Cairney Sally Cooper Smith Worldly Goods C. Dean and Sandra Carlson Edward Callaghan and Valerie Sanford Meritcare Wright On the Park Steve and Sara Marquardt Hedquist Scattergood Friends School Zanzibar’s Coffee Adventure Douglas and Deborah West Elizabeth Carbrey Scottish Rite Park ZJ Farms Jeanette Carter and Wayne Simon Estes Iowa Educational ZUMI Patton Foundation Ruth and Martin Carver Simply Suggestive Don and Anne Charles Simpson College INVESTORS Cynthia Charlton Southwest Wisconsin Fall Art Gifts of $2,500 to $4,999 Jeff Chelesvig Tour HERITAGE SOCIETY Carol and Jim Christensen Stagewest theatre Richard Clark Honoring Planned Giving Andrew and Lisa Bean John and Judy Clem Stars Over Veishea Margaret Brennan Stifel Nicolaus Jeff Couch Anonymous Maeve Clark David and Linda Cranston Story City Greater Chamber Elizabeth Dahm Connection Anonymous Jill Crouse Anonymous The Fred and Charlotte Saul and Joan Diamond Strayer-Wood theatre Hubbell Foundation Struxture Architects Anonymous Steven Dittrich

This listing represents cumulative annual gifts of $1000 or more received July 1, 2009 through June 30, 2010.

10 LEADERS

Virginia Dress David Martin and Steve Victoria and Timothy Walch David and Margaret Drury Godfrey Dolores and David Wallace Mary and Ken Dubas Joshua Martin Maureen and Robert Wallace Don and Marian Easter Deb and Rick McConnell Anne and Ivan Webber Maggie Elliott Kerry McGrath Colleen Weiland Kimberly Ephgrave and Thomas Peggy and James Meek Leslie Kramer Weinberger and Rocklin Janet Merfeld a Kevin Murray Miles Weinberger Jack and Theo Fahl Diane Morain Cathy and Tom Weingeist Karen and Greg Farris William and Carrie Morton Fred and Emily Weitz Barb Farrow Roger and Diane Munns Mary Welsh and Christopher Margaret and Chuck Felling Patricia Murphy Clover Steve and Jean Firman Jeffrey Murray and Ann Pamela and Deborah Wertz Tom Flack McCarthy Tom and Jenny Wertz Joseph and Anne Frankel Candace Noble Jim and Mary West Pilar Garcia Gail and John Nothnagle Ellen Widiss J.H. Gardner Karla and John O’Connor Scott and Judith Wilgenbusch Rachel Garst Theresa Oehmke Janet Wilson The Roswell and Elizabeth Tim and Kelli Oswald Robert Woitas Garst Foundation Sue Otto Adam and Kelly Wolf Keeran Ghandivel and Santhi Howard and Debra Palmer Richard and Ann Woodward Ilankeeran Todd Partridge Baoli Yang and Sunny Zhang Douglas and Melanie Gibb Judy and Bruce Pfohl Ekhard and Wendy Ziegler Linda Glendening Kristen and Joe Plank Brian Gollnick and Amber Brian Linda Railsback, MD Joel and Ellen Gordon Hal Richerson Carin and Peter Green Robert and Kay Riley Allison and Thomas Greenwald Tom Rocklin and Kim Ephgrave Dave and Linda Grieve Jack Roland Kathleen Halloran Martha and Guy Rosenberg Miriam Hardy Priscilla and David Ruhe Sue Haskell Mary and Franklin Scamman Larry and Betsy Heikes Naomi Schedl Charles and Lelia Helms Harriet Schoeller Suzanne Hendrich Gary and Mindy Scholten Mary Grace Herrington The Ralph Schultz Family Melissa Heston Foundation Luther and Sara Hill Julie and Carl Schweser Ron and Mary Hilliard Richard and Jasmine Seagrave Kathleen and Cecil Holmes Jack and Pat Sink Chris and Judy Hunter Richard and Frances Smith David and Mary Jepsen Stephen Smith Stephan and Tomi Johnson Carol and Lewis Stegink Sid Jones Martha and Stephen The Morris and Nellie Kawaler Stephenson Foundation W. Robert Stephenson and Peg The Mary and Daniel Kelly Barbour-Stephenson Family Foundation Sallie and Erich Streib David and Jean Ketter Gary Swenson Larry and Kristine Koehnk William and Charlotte Talman Laura LeBuhn Koontz and Bruce Thayer Whealen Koontz John Thurston Neil Kuehnl and Joan Jill and Michael Tomek McCloskey Ronald and Susan Troyer Rachel Lanning Julianna Tymoczko and Marshall William and Jeanne Leaver Poe Gerhard and Ina Loewenberg Thomas Vaughn Mary Lynch William and Mary Kay Vogel Warren and Beverly Madden John and Linda Vredenburg Marilyn and Frank Magid Nathaniel and Elizabeth Wade

Any error or omission is unintentional. Please contact us at 800-861-8000 so that we may correct our records.

11 STATEWIDE IOWA PUBLIC RADIO SERVICE

MAJOR INTERS TATES

12 NEWS CLASSICAL NEWS/CLASSICAL STUDIO ONE

Ames/Des Moines Cedar Falls/Waterloo Ames/Des Moines Des Moines WOI 640 AM KHKE 89.5 FM WOI 90.1 FM KUNI 101.7 FM KDMR 88.9 FM Carroll Clear Lake/Mason City KWOI 90.7 FM KHKE 90.7 FM Bettendorf KWNJ 91.1 FM Fort Dodge Dubuque KTPR 91.1 FM KSUI 101.7 FM Cedar Falls/ Waterloo/Cedar Rapids Cedar Rapids /Iowa Cedar Rapids /Iowa KUNI 90.9 FM City/Quad Cities City/Quad Cities WSUI 910 AM KSUI 91.7 FM Clear Lake/Mason City KUNY 91.5 FM Lamoni Ottumwa KRNI 1010 AM KOWI 97.9 FM KUNZ 91.1 FM Dubuque KDUB 89.7 FM

Ottumwa KDWI 89.1 FM

Davenport KUNI 94.5 FM KUNI 102.1 FM

13 2111 GRAND AVENUE, SUITE 100, DES MOINES, IOWA 50312 IOWAPUBLICRADIO.ORG