ANNUAL REPORT

REACHING MOREIOWANS

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.

That was never more vivid than during the past fiscal year.

• At a time when commercial broadcasters across the country

cut back on their investments in original programming, Iowa

Public Radio did just the opposite, launching new locally

produced, locally hosted programs.

• At a time when mass media attention shifted more toward

celebrity gossip, Iowa Public Radio expanded its local and

statewide news gathering capabilities and delivered to Iowans

more in-depth coverage than most broadcast operations in

the state.

• And at a time when many businesses put their capital

improvements on hold, Iowa Public Radio stepped up its

investments in technology and facility improvements to reach

more listeners in more areas of the state and to enrich our

listeners’ public radio experience.

Just as impressive, these accomplishments occurred as Iowa

Public Radio continued major steps toward fully integrating the

organization, enhancing efficiencies and decreasing our financial

dependence on the state’s three public universities.

Living Up to Our Mission

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.

It is that mission that drives Iowa Public Radio to deliver Classical

and Studio One music programming that stirs the heart, and Talk

and News programming that explores the important issues of our

communities, our state and our world with depth and in an Iowa

context.

You, our listeners and supporters, have rewarded us for these efforts.

• More people listened to Iowa Public Radio than ever before.

Listenership was up 2% over 2009, according to Arbitrion

Spring 2010 ratings.

• More Iowans apparently like what they hear on Iowa Public

Radio, so much that over 2,400 new members contributed to

IPR.

• Over 290 businesses invested in Iowa Public Radio – an

increase of 47%.

We thank you for the confidence you have placed in Iowa Public

Radio and for the generosity you’ve given to us by listening and

through your support. You have my commitment that Iowa Public

Radio will continue to justify your confidence and support in the

months and years to come.

Most sincerely,

Mary Grace Herrington

ONE OF THE THINGS THAT HAS

ALWAYS STRUCK ME ABOUT IOWA

PUBLIC RADIO IS THE UNEQUALED

PASSION AND LOYALTY OF OUR

LISTENERS AND SUPPORTERS.

LETTER FROM THE CEO

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

REACHING MORE IOWANS

– giving more Iowans the opportunity to experience rich, timeless

music and the in-depth perspective of the world we live in that

they can only get from public radio. We launched a new station in

Bettendorf in 2010 to bring News and Studio One programming

to eastern and southeastern Iowa.We are aggressively moving to

bring Iowa Public Radio to underserved areas of western Iowa;

and achieved an important milestone in 2010 by winning Federal

Communications Commission approval to build a new FM station

that will serve the Sioux City area and will debut in 2011.

CONNECTING IOWANS TO THEIR

STATE AND CULTURE

In a year that saw many mass media organizations cut their

commitments to original programming, Iowa Public Radio did just

the opposite. Iowa Public Radio brought more locally produced

and locally hosted music programs to our listeners. Blue Avenue,

The Jazz Department, and The Folk Tree offer listeners unique

perspective of iconic genres that stir passions. We also partnered

with the Iowa Arts Council to bring back the long-time favorite,

Iowa Roots, a collection of stories about the artists and craftsmen

and women who are our neighbors and friends.

Part of Iowa Public Radio’s role in enhancing cultural connections

includes bringing some of the finest programs and performers to

Iowa. We presented An Evening with David Sedaris in Davenport

and a live broadcast of A Prairie Home Companion with Garrison

Keillor that drew more than 1,700 fans in Des Moines. The success

of these events and the positive feedback from our listeners and

members fostered the idea for Iowa Public Radio’s Insight Series

– an opportunity to consistently bring in public radio’s best voices

for on-stage conversations in our home state.

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

uniqueness of IPR Studio One.

And IPR hosted or participated in a variety of other events that

connected Iowans with music, culture and public radio including:

• Friends of KHKE/KUNI Blues Blowout and An Evening of

Wine and Tulips

• Metropolitan Opera Live in HD Cinecast Performances

• Listener parties in Des Moines, Ames, Iowa City and Cedar Falls

• Blues Cruise in Dubuque

• Des Moines Arts Festival

• 80/35 Music Festival

• Iowa City Jazz Festival

• Ames Octagon Arts Festival

• Cedar Falls College Hill Arts Festival

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ENHANCING THE LISTENING EXPERIENCE

For listeners to have a rewarding experience with Iowa Public

Radio, our technology must measure up to our outstanding

content. In 2010 and with the support of state appropriations,

IPR launched a $1 million project in capital improvements. These

efforts included a major upgrade of our technical capabilities at

our Ames facilities. The upgrades include a new content delivery

system that will accommodate expansion of the Iowa Public

Radio network to cover more areas of the state, enhance the

quality of our broadcast signals and provide critical backups to

remain on the air during and after natural disasters.

We also combined our music resources in our Cedar Falls

location, allowing all of our classical, jazz, folk and Studio One

producers and program hosts to collaborate and coordinate

their programs. And we have equipped them with the latest

music software to manage the most comprehensive music

library – more than 40,000 CDs. In addition, larger studio space

– equipped with a baby grand piano -- allows for more live,

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.

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MARK SIMMET

Host of Night MusicIowa Public Radio STUDIO ONE

STATEMENT OF NET ASSETS

ASSETSCash $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 $829,949Unrestricted $4,684,919

TOTAL NET ASSETS $8,388,133

TOTAL LIABILITIES & NET ASSETS $9,205,912

EXPENSES BY SOURCE

62% Service delivery

20% Fundraising

18% Administrative

IOWA PUBLIC RADIO CONSOLIDATED FINANCIALS 2010*

*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.

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STATEMENT OF REVENUES, EXPENSES ANDCHANGES IN NET ASSETS

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

TOTAL REVENUES $6,885,954

EXPENSESService 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

NET ASSETS, END OF YEAR $8,388,133

IOWA PUBLIC RADIO BOARD OF DIRECTORSIowa 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:

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.

Arthur Neu, Chairman, Carroll

Kay Runge, Vice Chair, Davenport

Warren Madden, Iowa State University

Steve Parrott, The University of Iowa

Steve Carignan, University of Northern Iowa

REVENUES BY SOURCE

47% Development

32% State

13% Federal

5% Investments

3% Other

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CONTRIBUTORS:

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

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CORPORATE CONTRIBUTORS

CORPORATE CONTRIBUTORS

18th Street Vintage and Metro Records

30th Century BicycleACES: Advanced Computer

Engineering SolutionsAcupuncture and Chinese

Medical ClinicAdamantine Spine MovingAmana Furniture and Clock

ShopAmerican and Iowa Academies

of OtolaryngologyAmerican Trust and Savings

BankAmes British FoodsAmes Chamber ArtistsAmes Town and GownAppliance BarnArt MissionArtifacts Augustana CollegeAuthentic Records Avant Gardening Back CountryBDF InvestmentsBeadologyBeaver ProductionsBella Vita Chiropractic and

WellnessBergland and Cram ArchitectsBlack Hawk Children’s theatreBlackhawk Hotel Blank and McCuneBluebird DinerBoard of Regents Bob’s GuitarsBosnian Cultural FoundationBrain Injury Association of IowaBrown Wing StudioCafé Del Sol Roasting Campbell Steele GalleryCampbell’s NutritionCanoe Hardwood Flooring IncCare Consultants for the AgingCathedral Church of St PaulCedar Falls UtilitiesCedar Rapids Museum of Art

Museum StoreCedar Valley Chamber Music

Festival Center On Sustainable

CommunitiesChait Galleries DowntownChamber Singers of Iowa City Chef’s TableChuck’s Restaurant

City Circle Acting Company of Coralville

Civic Center of Greater Des Moines

Civic Music AssociationClarion Hotel and Conference

Center Clear Lake TelephoneCoe CollegeCollege Hill Arts Festival Community Foundation of

Northwest IowaCornell College Crazy To Quilt ShopDefunct BooksDes Moines Area Community

CollegeDes Moines Art CenterDes Moines Arts Festival Des Moines Choral SocietyDes Moines Embassy ClubDes Moines Metro OperaDes Moines Music Coalition Des Moines Public SchoolsDes Moines SymphonyDes Moines UniversityDiedrichs and Associates, Inc.Discerning EyeDoctor Jason BradleyDodge Street Tire and Iowa

City TireDPO ConstructionDr. Greg GanskeDrake Community LibraryDrake UniversityDry-Basement WaterproofingDubuque Museum of ArtDubuque Symphony Orchestra,

theDupaco Community Credit

UnionEast Central Intergovernmental

AssociationEast Central Intergovernmental

Association East Village SpaEastern Iowa AirportEdible Iowa River ValleyEl BanditosElements LimitedEnglert theatreEuropa Cycle and SkiEvery Bloomin’ Thing Everybody’s Whole FoodEvologic, IncEwer’s Men’s StoreExotic IndiaEyecare Associates Farmers and Merchants Savings

BankFaulconer GalleryFirst Christian Church Des

MoinesFirst National BankFitness SportsFood With Flair Forever Green, Inc Fort Madison Area Art

Association Friends of Historic Preservation Friendship Village Retirement

CommunityFSB Warner FinancialFun Fun FunGallagher Bluedorn Performing

Arts CenterGilbert Street InteriorsGina’s BMW MotorcycleGong Fu TeaGreat River Shakespeare

FestivalGreater Iowa Credit UnionGrinnell CollegeGrinnell Heritage Farm Groth’s Gardens Guy R. CookHalf Price Books Hallmark Business ExpressionsHampton InnHancher AuditoriumHarmony Hawks Hayek Brown Moreland and

Hayek Hearst Center for the Arts Heartland Yoga Herteen and Stocker Jewelers Historic East Village Hollyhock Hoover Museum Houseworks Iowa City foreign Relations

Council Iowa Association of

Independent Colleges and Universities

Iowa Book Iowa City Landscaping and

Garden Center Iowa City Public Library Iowa Council of FoundationsIowa Dance theatre Iowa Democratic Party Iowa Department of Cultural

Affairs Iowa Energy Center Iowa Health System Iowa Hospital Association Iowa Legal Aid Society

Iowa Natural Heritage Foundation

Iowa Policy Project Iowa Public Television Iowa Secretary of State the Iowa Shakespeare

Experience Iowa Sleep Disorders Center Iowa Society of CPAs Iowa State Bank Iowa State CenterIowa State University Memorial

Union Iowans for An End To Water

Fluoridation I-Renew Iowa State University Book

StoreIowa State University Center

for Excellence In the Arts and Humanities

Iowa State University Extension Iowa State University theatreJam Productions Java House Jax Outdoor GearJohnny’s Italian SteakhouseJoseph’s Just Dogs Play Care Kavanaugh Art GalleryKansas City Irish FestKentucky Fried Chicken Kitchen Collage Kitchen Essentials and GiftsKnebel Windows Ladora Bank Bistro Leaf Kitchen Leash On Life Legacy Marketing Partners Linder Tire LISCO Luther College Main Street Antiques and Art Mainstream Living, Inc. Marion Arts FestivalMarshalltown Convention and

Visitors BureauMax Cast Max Wellman McDonough Structures McFarland Clinic McKee, Voorhees and Sease,

PLCMeardon, Sueppel, Downer, PLC Melting Pot ProductionsMerchants of Amana MidAmerican Energy Midwest Antiques ShowMidwest One Bank

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

Mississippi Valley Blues Society Mohair PearMoondog Music The Motley Cow Café Mount Vernon Area Arts

Council Museum Store at the Cedar

Rapids Museum of Art National Balloon Classic National Czech and Slovak

Museum and LibraryNortheast Iowa Artists’ Studio

Tour New Pioneer Co-Op Next Step AdventureNorth Iowa Area Community

CollegeOasis Falafel Old Capitol Screen Printers Olson Larsen GalleriesOm Gifts for Body and Soul Orchestra IowaOutback ConcertsOutside the Lines Art GalleryPagliai’s Pizza Paul Mcandrew Law Firm Pendemonium Plymouth Congregational

ChurchPrairie Lights Books Premium Solutions Quality Care Raccoon Valley Bank Rain Barrels Iowa RAYGUNReata’z Deli the Red Avocado Reiman Gardens River Music ExperienceRoth JewelersSabeel Iowa Safe Home Products Sally Cooper Smith Sanford Meritcare Scattergood Friends SchoolScottish Rite ParkSimon Estes Iowa Educational

Foundation Simply Suggestive Simpson CollegeSouthwest Wisconsin Fall Art

TourStagewest theatreStars Over Veishea Stifel Nicolaus Story City Greater Chamber

ConnectionStrayer-Wood theatreStruxture Architects

Summer of the Arts Susan Shinnick Textile and

Clothing Sustainable Living Coalition Systems Unlimited Taproot Nature Experience Taste On Melrose Taxes Plus Terrace Hill Foundation Terry Lockridge and Dunn the Family Pet Veterinary Clinic the Grout Museum District the Mainstay Inn the Oak Tree, Inc. Theatre Cedar RapidsTrees forever Unitarian Universalists of IowaUniversity Book and SupplyUniversity of Iowa Center for

Conferences University of Iowa College of

Pharmacy University of Iowa International

Programs University of Iowa Jakobsen

Conference University of Iowa State

Archaeologist of Iowa Uncorked Wine Tasting University of Northern Iowa

MuseumUpper Iowa University Uptown Marion Cultural and

Entertainment District Veridian Credit Union Wartburg College Met Chorale Wartburg SymphonyWebcentric Wells Fargo Advisors Westminster Presbyterian

Church World of Bikes Worldly GoodsWright On the ParkZanzibar’s Coffee Adventure ZJ Farms ZUMI

HERITAGE SOCIETY

Honoring Planned Giving

AnonymousAnonymousAnonymousAnonymous

AnonymousAnonymousAnonymousShirley BergMargaret BrennanTed and Marilyn DevickCharles A. Hale* and Lenore

R. HaleJudith Harrington, Ph.D.D. Jane HudsonWhealen M. KoontzRoger L. Lande and Sarah D.

LandeRoger C. Leslie and Thea L.

LeslieJane McCune and Robert S.

WachalRichard A. McKay and Donna

J. McKayJoAnn OxleyHimie VoxmanGeitel Winakor *denotes deceased

BENEFACTORS

Gifts of $10,000 and above

The Friends of KHKE/KUNI

PARTNERS

Gifts of $5,000 and above

Anonymous Anonymous C. Dean and Sandra CarlsonSteve and Sara MarquardtDouglas and Deborah West

INVESTORS

Gifts of $2,500 to $4,999

Andrew and Lisa BeanMargaret BrennanMaeve ClarkElizabeth DahmThe Fred and Charlotte

Hubbell Foundation

Karen and Doug JeskeRobert and Nancy LewisThe McIntyre FoundationMichael O’Hara and Jane

EngeldingerAnn Mowery and Allan PowersRobert TreeValerie and Roger VetterAlice WaltersGeitel Winakor

LEADERS

Gifts of $1,000 to $2,499

Ken and Adrienne AdamsShirley AltenhofenTwila AndersonAnonymous Sarah Joan BakerDon and Jane BanwartJon and Claudia BatesoleDelores and Wayne BaumanCaroline Boehnke-Becker and

Thomas BeckerCourt BentleyJim and Tarita BenzoniAnthony and Ann BirnbaumMarjorie BlackMichael and Alice Blackmore

and Katherine BromanJackie BlankDavid Boarini and Michelle

PeacockPeg BouskaThe Brownwell Family

FoundationNed and Micky BurmeisterCecelia and Richard CairneyEdward Callaghan and Valerie

HedquistElizabeth CarbreyJeanette Carter and Wayne

PattonRuth and Martin CarverDon and Anne CharlesCynthia CharltonJeff ChelesvigCarol and Jim ChristensenRichard ClarkJohn and Judy ClemJeff CouchDavid and Linda CranstonJill CrouseSaul and Joan DiamondSteven Dittrich

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

Virginia DressDavid and Margaret DruryMary and Ken DubasDon and Marian EasterMaggie ElliottKimberly Ephgrave and Thomas

RocklinJack and Theo FahlKaren and Greg FarrisBarb FarrowMargaret and Chuck FellingSteve and Jean FirmanTom FlackJoseph and Anne FrankelPilar GarciaJ.H. GardnerRachel GarstThe Roswell and Elizabeth

Garst FoundationKeeran Ghandivel and Santhi

IlankeeranDouglas and Melanie GibbLinda GlendeningBrian Gollnick and Amber BrianJoel and Ellen GordonCarin and Peter GreenAllison and Thomas GreenwaldDave and Linda GrieveKathleen HalloranMiriam HardySue HaskellLarry and Betsy HeikesCharles and Lelia HelmsSuzanne HendrichMary Grace HerringtonMelissa HestonLuther and Sara HillRon and Mary HilliardKathleen and Cecil HolmesChris and Judy HunterDavid and Mary JepsenStephan and Tomi JohnsonSid JonesThe Morris and Nellie Kawaler

FoundationThe Mary and Daniel Kelly

Family FoundationDavid and Jean KetterLarry and Kristine KoehnkLaura LeBuhn Koontz and

Whealen KoontzNeil Kuehnl and Joan

McCloskeyRachel LanningWilliam and Jeanne LeaverGerhard and Ina LoewenbergMary LynchWarren and Beverly MaddenMarilyn and Frank Magid

David Martin and Steve Godfrey

Joshua MartinDeb and Rick McConnellKerry McGrathPeggy and James MeekJanet Merfeld a Kevin MurrayDiane MorainWilliam and Carrie MortonRoger and Diane MunnsPatricia MurphyJeffrey Murray and Ann

McCarthyCandace NobleGail and John NothnagleKarla and John O’ConnorTheresa OehmkeTim and Kelli OswaldSue OttoHoward and Debra PalmerTodd PartridgeJudy and Bruce PfohlKristen and Joe PlankLinda Railsback, MDHal RichersonRobert and Kay RileyTom Rocklin and Kim EphgraveJack RolandMartha and Guy RosenbergPriscilla and David RuheMary and Franklin ScammanNaomi SchedlHarriet SchoellerGary and Mindy ScholtenThe Ralph Schultz Family

FoundationJulie and Carl SchweserRichard and Jasmine SeagraveJack and Pat SinkRichard and Frances SmithStephen SmithCarol and Lewis SteginkMartha and Stephen

StephensonW. Robert Stephenson and Peg

Barbour-StephensonSallie and Erich StreibGary SwensonWilliam and Charlotte TalmanBruce ThayerJohn ThurstonJill and Michael TomekRonald and Susan TroyerJulianna Tymoczko and Marshall

PoeThomas VaughnWilliam and Mary Kay VogelJohn and Linda VredenburgNathaniel and Elizabeth Wade

Victoria and Timothy WalchDolores and David WallaceMaureen and Robert WallaceAnne and Ivan WebberColleen WeilandLeslie Kramer Weinberger and

Miles WeinbergerCathy and Tom WeingeistFred and Emily WeitzMary Welsh and Christopher

CloverPamela and Deborah WertzTom and Jenny WertzJim and Mary WestEllen WidissScott and Judith WilgenbuschJanet WilsonRobert WoitasAdam and Kelly WolfRichard and Ann WoodwardBaoli Yang and Sunny ZhangEkhard and Wendy Ziegler

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LEADERS

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

STATEWIDE IOWA PUBLIC RADIO SERVICE

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MAJOR INTERS TATES

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NEWS

Ames/Des MoinesWOI 640 AM

CarrollKWOI 90.7 FM

Fort DodgeKTPR 91.1 FM

Cedar Rapids /Iowa City/Quad CitiesWSUI 910 AM

LamoniKOWI 97.9 FM

CLASSICAL

Cedar Falls/WaterlooKHKE 89.5 FM

Clear Lake/Mason CityKHKE 90.7 FM

DubuqueKSUI 101.7 FM

Cedar Rapids /Iowa City/Quad CitiesKSUI 91.7 FM

OttumwaKUNZ 91.1 FM

NEWS/CLASSICAL

Ames/Des MoinesWOI 90.1 FM

STUDIO ONE

Des MoinesKUNI 101.7 FMKDMR 88.9 FM

BettendorfKWNJ 91.1 FM

Cedar Falls/Waterloo/Cedar RapidsKUNI 90.9 FM

Clear Lake/Mason CityKUNY 91.5 FMKRNI 1010 AM

DubuqueKDUB 89.7 FM

OttumwaKDWI 89.1 FM

DavenportKUNI 94.5 FMKUNI 102.1 FM

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