NPR ANNUAL REPORT 2012

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TABLE OF CONTENTS

Overview of 2012 3

NPR Leadership Team 5

NPR Board of Directors 6

NPR Foundation Board of Trustees 7

NPR Supporters 9

Statement of Financial Position 14

Statement of Activities 15

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WELCOME TO THE 2012 ANNUAL REPORT FROM NPR

IN 2012, NPR reporters were on the scene no matter The year was notable for collaborations between NPR where the news took place, chronicling moments in and our local Member Stations as we pivoted together history with rich, in-depth reporting that placed our to provide national audiences with the latest from listeners in the heart of every story. Throughout 2012, breaking news events including the tragedy at Sandy we remained committed to bringing the most dynamic Hook Elementary and the mass shooting in Aurora, Colorado. and informative content to the air and on NPR.org When Superstorm Sandy struck, NPR tackled the story in accordance with our mission: to create a more with the full power of our newsroom, bringing together informed public. coverage by our National, Washington, Science, and In the newsroom, our mission was clear in the depth and Planet Money teams. On the ground in the affected areas, context we brought to the major news events of the year, our Member Stations were lifelines for their audience and both internationally and domestically. brought essential perspective to NPR’s national coverage as the storm progressed. As other news organizations continued to pull back from international coverage our commitment remained strong. And NPR continued to look for ways to tell stories Our team of international correspondents covered the in distinct ways. For example, our Olympic coverage important stories around the globe from some of the engaged audiences with the NPR Poetry Games, which most challenging and dangerous regions. Kelly McEvers invited poets to compose original works celebrating the delivered gripping coverage from Yemen. In Syria, amid Olympics, and invited listeners to select their favorites. a rising tide of violence, NPR’s Deborah Amos kept Over the year, NPR told the stories that need to be told recording, even as the United Nations ceased operations. and celebrated the human experience through music, Guiding NPR’s work was our new Supervising Senior art, and culture. Editor for international coverage, Edith Chapin, a longtime CNN VP and Bureau Chief who joined NPR in 2012. NPR Music partnered with our NPR Member Stations to once again bring live broadcasts from the SXSW In the U.S., we partnered with the Center for Public conference, but this time as the exclusive content Integrity and ProPublica to bring our audience major provider for the first ever live worldwide broadcast of investigations on topics including the black lung the keynote address from SXSW, given by Bruce resurgence in portions of Virginia, West Virginia, and Springsteen. NPR Music was there at other landmark Kentucky, and new insights into the housing crisis. music events throughout the year, including the Celebrate Our election year coverage began with a hotly contested Brooklyn! Performing Arts Festival, Newport Folk and battle for the Republican nomination for president. With Jazz Festivals, and Alt. Latino’s not-to-be-missed concert a new frontrunner every week, our experienced team with Puerto Rican hip hop duo Calle 13 and Chilean of political analysts and reporters were on the ground MC Ana Tijoux. covering every angle, from the debates, to updates from Our storytelling across platforms was evident in our campaign headquarters the night of the primary, to the launch of several new technical advances. NPR expanded equally intense general election. its online reach by collaborating with the Ford Motor Company to launch a first of its kind app that enables

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SPONSORS

drivers of connected cars to listen to on-demand news, programming and stations from NPR. Also this year we launched a music app for iPad and a Planet Money app that allows fans to access to more than 5,000 reports, episodes and blog posts from the popular series, on mobile devices.

Even as we took steps to expand our online presence, our commitment to develop new and innovative programming for radio never wavered. NPR debuted two new shows, TED Radio Hour and Ask Me Another. The two pilot programs were a hit among public radio audiences and were officially added to NPR’s stable of award winning programming in the fall.

Our commitment to serve an increasingly diverse America was given a boost with the help of a grant from Corporation for Public Broadcasting (CPB). The $1.5 million grant will work toward launching a journalism initiative to deepen coverage of race, ethnicity and culture.

NPR enjoyed another successful year of notable accomplishments and award winning content and the promise of more to come as we move into 2013. None of what we achieved could have been done without those who make NPR part of their daily lives and offer their support to NPR and Member Stations in so many ways.

THANK YOU.

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NPR LEADERSHIP TEAM

Gary E. Knell Jamie Porter President and CEO Acting Vice President, Development

Zachary Brand Dana Davis Rehm Vice President, Digital Media Senior Vice President, Marketing, Communications and External Relations

Deborah Cowan Chief Financial Officer and Treasurer Michael Riksen Vice President, Policy and Representation

Debra Delman Chief Strategy Officer Joyce Slocum Chief Administrative Officer

Stanley Garrison Vice President, Technology Operations Margaret Low Smith and Engineering Senior Vice President, News

Robert Kempf Michael Starling Vice President, Digital Services Executive Director, NPR Labs

Peter Loewenstein Kinsey Wilson Vice President, Distribution Chief Content Officer and Executive Vice President

Joyce Macdonald Keith Woods Chief Of Staff & Vice President Member Partnership Vice President, Diversity in News And Operations

Terri Minatra Acting Senior Vice President, General Counsel

Eric Nuzum Vice President, Programming

Jeffrey Perkins Vice President, Human Resources and Chief People Officer

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NPR BOARD OF DIRECTORS

Carol A. Cartwright (Term Ended November 2012) Bill Davis Patricia Diaz Dennis Dave Edwards (Term Ended November 2012) Jose A. Fajardo (Term Ended November 2012) Betsy Gardella Paul G. Haaga, Jr. Eduardo A. Hauser John A. Herrmann, Jr. Kit Jensen Gary E. Knell Roger LaMay (Term Began November 2012) Caryn Mathes Greg Petrowich Marita Rivero Florence Rogers Roger Sarow Antoine W. van Agtmael Connie Walker (Term Began November 2012) John S. Wotowicz (Term Began November 2012)

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NPR FOUNDATION BOARD OF TRUSTEES

Antoine van Agtmael Gary J. Fernandes Stuart Lucas Chairman Dallas, TX Chicago, IL Bethesda, MD Harriett Gold Joseph C. McNay Paul M. Ginsburg Los Angeles, CA Boston, MA Vice Chair Ross, CA James M. Grant Lynn Pigott Mowe New York, NY Bellevue, WA John McGinn Vice Chair Anette L. Harris Miriam Muscarolas New York, NY Tiburon, CA Los Angeles, CA

William J. Poorvu John A Herrmann, Jr. Patricia M. Papper Vice Chair New York, NY Miami, FL Cambridge, MA Richard H. Hertzberg George McCorkell Plews Camilla Smith Del Mar, CA Indianapolis, IN Vice Chair San Francisco, CA Peter N. Heydon Richard Rampell Ann Arbor, MI Palm Beach, FL Howard Wollner Vice Chair Stephen Hopkins Murray Sinclaire Healdsburg, CA Washington, DC Cinncinatti, OH

Perrin Ireland Frederika Stevenson Trustees Cambridge, MA Cambridge, MA

Patricia Ishiyama Howard Stevenson Norris Bishton, Jr. San Francisco, CA Cambridge, MA Pacific Palisades, CA Jane F. Katcher Bernee D.L. Strom Caroline Bucksbaum Coconut Grove, FL Kirkland, WA Chicago, IL Jeffrey L. Kenner Peter D. Swift, MD Donald P. de Brier New York, NY Charlotte, VT Pacific Palisades, CA Jonathan Kutchins Roselyne Chroman Swig John P. Dubinsky Boston, MA San Francisco, CA St. Louis, MO

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NPR FOUNDATION BOARD OF TRUSTEES

Charlotte Vaughan Winton San Francisco, CA

John S. Wotowicz Austin, TX

Ex Officio Trustees

Gary E. Knell President & CEO, NPR

Dave Edwards Chairman, NPR Board of Directors

Betsy Gardella Chair, Development Committee

Trustees Emeriti

Dean V. Ambrose Los Angeles, CA

Sukey R. Garcetti Los Angeles, CA

Barbara S. Linhart New York, NY

Jane V. Peyrouse Summerville, MA

Sandra S. Pressman Los Angeles, CA

Lee Ramer Los Angeles, CA

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NPR SUPPORTERS

A B Charles Schwab & Co. Chevrolet @d Incorporated Babylon Chevron Corporation 20th Century Fox Home Entertainment Bank of America CITGO A+E Home Entertainment Barnes & Noble Citrix Systems AEG Live Barsuk Records Cleveland Clinic Aetna Foundation BBC America Colorado Tourism Office Allianz Life Insurance Company Beat the Traffic of North America Columbia University Beggars Group Ally Bank Concord Music Group Berklee College of Music Amazon Content Services Concrete Marketing Berkley Books American Express Company Constant Contact Better World Club American Institute of Architects Corporation for Public Broadcasting Bloomberg Businessweek American Jewish World Service Courgette Records Bremer Financial Services America’s Natural Gas Alliance Craft in America Bryant University Ancestry.com Credit Suisse Group The Bydale Foundation Anchor Bay Entertainment Croshal Entertainment Group Angie’s List C CSX Corporation Ann Arbor Area Convention Cultural Vistas & Visitors Bureau Cabot Creamery Cooperative CVS The Annie E. Casey Foundation Cadillac

ANTI- Records Cambridge Savings Bank D Cancer Treatment Centers of America Apple Delta Air Lines Capella University Arc Entertainment Deluxe Corporation Capitol Records The Argus Fund Diageo Carbonite Atlantic Records Discovery Communications Carnegie Corporation of New York ATO Records Distracted Globe Foundation Cathay Pacific Airways Domino Recording Company CenturyLink Domtar Corporation Certified Financial Planner Board of Standards Doris Duke Charitable Foundation

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NPR SUPPORTERS

Doris Duke Foundation for Islamic Art Fox Searchlight Pictures I Drafthouse Films G IBM The Ducommun and Gross Family Foundation IFC Bill & Melinda Gates Foundation Duke University Press Independent Television Service George Lucas Educational Foundation Intel Corporation E German Embassy International Rescue Committee Go Daddy Earth Share Intuit The Goodyear Tire & Rubber Company Eastman School of Music Google EMI Music J GPK Foundation eMusic Jagjaguwar William T. Grant Foundation Encore.org The Joyce Foundation Grant Place Press End of the Rainbow JustAnswer Grove Atlantic Endless Pools The George Gund Foundation K Entertainment One Equal Vision Records H KeyBank ESET John S. and James L. HarperCollins Publishers Knight Foundation Esurance Insurance Services Mary W. Harriman Foundation L F HBO The William and Flora Hewlett The Jacob & Valeria Fairfax Economic Development Foundation Langeloth Foundation Authority Hidden Pony Records La Quinta Inns and Suites Farmers Insurance Group HISTORY LD Entertainment Faulkner Music The Holborn Foundation Lemelson Foundation Fifth Generation Houghton Mifflin Harcourt Leon Levy Foundation FilmDistrict Hulu LexisNexis Group Focus Features Lexus The Ford Foundation LifeLock Founders Entertainment Lindamood Bell Learning Processes Fox Broadcasting Company

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NPR SUPPORTERS

Live Nation New School, The Penguin Group (USA)

Live Nation Worldwide, Inc. New York Botanical Garden Pepperdine University

Livestrong New York City Opera The Pew Charitable Trusts

Living Essentials New York Times, The Ploughshares Fund

Los Angeles Philharmonic Association New York University PMK•BNC

Lumber Liquidators Nissan PNC Financial Services Group

Nonesuch Records Poetry Foundation M Nora Roberts Foundation Polyvinyl Records

Macmillan Publishers Northwestern University Post Foods

Masimo Foundation Novartis International Principal Financial Group

MassMutual Financial Group Novo Nordisk Progressive Casualty Insurance Company The Max and Victoria Dreyfus Foundation, Inc. O Public Affairs Television The Melville Charitable Trust Public Welfare Foundation, Inc. Office Depot Merge Records OfficeMax Motel 6 Q The Ohio State University Motorola Mobility Medical Center Quick Lane

MSNBC Old Town School of Folk Music R MTV OMAC Records

Open Road Integrated Media Rainbow Light N The Overbrook Foundation Random House Nashville Symphony Raymond James Financial

National Association of Personal P Razor & Tie Entertainment Financial Advisors Pabst Brewing Company Rdio National Association of Realtors Page 124 Productions Red Light Management National Association of Social Workers Pajamagram Company RED Music National CineMedia Paramount Home Entertainment Redwing Records National Endowment for the Arts Park Foundation, Inc. REI National Theatre Passaggio Entertainment Relativity Media NBC Universal PBS Reputation.com Nederlander Organization

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NPR SUPPORTERS

Research in Motion Stiletto Entertainment Universal Music Group

Ritz-Carlton Hotel Company Stitcher University of Arkansas

Road Scholar Sub Pop Records University of California

Robert Sterling Clark Foundation Subaru of America University of Chicago

The Robert Wood Johnson Foundation SundanceNOW University of Notre Dame

Rounder Records Sy Syms Foundation US Oncology Network

Running Subway USA Network T

S T. Rowe Price V

The SCAN Foundation Texas Mutual Insurance Company Valvoline

Scott Rudin Productions TheHuffingtonPost.com Vanderbilt University Medical Center

Sennheiser Electronic Corporation Thirty Tigers Vanguard Records

ShareFile Thunderbird School Vermont Department of Global Management of Tourism and Marketing Shell Oil Company TIAA-CREF Verve Music Group Showtime Tiffany & Co. Visa Sideways Media Tire Rack Simha W Toyota Simon & Schuster Trend Micro W.W. Norton & Company Sit4Less TuneUp Media Walgreen Co. Alfred P. Sloan Foundation The Wallace Foundation SmartFurniture U Wallace Genetic Foundation Sony Music Entertainment U.S. Department of Commerce Walmart Sony Pictures U.S. Department of Education Walt Disney Studios Sony Pictures Home Entertainment Union of Concerned Scientists Warner Home Video St. Joseph’s College Unisys Corporation Warner Music Group Staples United Nations Foundation WBUR Starz Entertainment United States Army WeatherTech State of California UnitedHealthcare Weight Watchers International

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NPR SUPPORTERS

Wells Fargo Advisors

WGBH

The Wildflower Foundation, Inc.

William Morrow & Co.

Winebow

WNYC

World Book Night

X

Xerox Corporation

XL Recordings

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STATEMENT OF FINANCIAL POSITION (NPR PARENT COMPANY ONLY)

Assets Liabilities and Net Assets

Current Assets $ Current Liabilities $

Cash and cash equivalents 15,106,029 Accounts payable and other liabilities 33,742,018

Restricted cash and cash equivalents 9,713,051 Deferred revenue 27,433,405

Accounts and contributions receivable, net 31,302,183 Debt 171,759,917

Investments 135,299,474 Total liabilities 232,935,340

Property and equipment, net 206,334,270 Net assets 175,399,068

Prepaid expenses and other assets 10,579,401 Total liabilities and net assets 408,334,408

Total assets 408,334,408

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.

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STATEMENT OF ACTIVITIES (NPR PARENT COMPANY ONLY)

Operating Revenues Operating Expenses

$ $

Station Dues and Fees 73,515,661 News and Engineering 82,684,481

Corporate Sponsorship 45,671,379 Digital Media And Services 15,972,323

Grants and Contributions 25,643,201 Distribution and Satellite Interconnection 17,735,582

Distribution and Satellite Interconnection 16,231,658 Programming and NPR Music 18,444,651

Distribution From Endowment Support and Other Program Services 52,496,310 to Support Operations 9,466,733 Total Operating Expenses 187,333,347 Other Revenues 16,300,037 Change In Net Assets From Operations (504,678) Total Operating Revenues 186,828,669 Nonoperating Activities, Net 3,723,764

Total Change In Net Assets 3,219,086

Net Assets, Beginning of The Year 172,179,982

Net Assets, End of The Year 175,399,068

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 npr.org/about. Thank you for your interest in NPR.

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