NATIONAL PUBLIC RADIO, INC.
2012 FORM 990-T
EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN
PUBLIC INSPECTION COPY
FISCAL YEAR ENDED 09/30/2013
Form
990-T
Department of the Treasury
Internal Revenue Service
Name of organization (
Check box if
address changed
A
501(
C
)(
3
220(e)
408A
530(a)
52-0907625
Number, street, and room or suite no. If a P.O. box, see instructions.
E Unrelated business activity codes

(see instructions.)
1111 NORTH CAPITOL STREET, NE


WASHINGTON, DC 20002
F
Group exemption number (see instructions)
G
Check organization type

NPR, INC. POC EMMA CARRASCO,

Unrelated Trade or Business Income
393,448,766.
D Employer identification number
Check box if name changed and see instructions.)
City or town, state, and ZIP code
529(a)
C Book value of all assets
at end of year
X
541800
501(c) corporation
H Describe the organization's primary unrelated business activity.
501(c) trust
UNQUALIFIED SPONSORSHIP

During the tax year, was the corporation a subsidiary in an affiliated group or a parent-subsidiary controlled group?
I
If "Yes," enter the name and identifying number of the parent corporation.
1 a Gross receipts or sales
b
401(a) trust
Other trust
Yes
X
No
202-513-2000
Telephone number
(B) Expenses
(C) Net
(A) Income
607,598.
Less returns and allowances
c Balance
1c
2
Cost of goods sold (Schedule A, line 7)
3
Gross profit. Subtract line 2 from line 1c
3
4 a Capital gain net income (attach Schedule D)
4a
2
b Net gain (loss) (Form 4797, Part II, line 17) (attach Form 4797)
4b
c Capital loss deduction for trusts
4c
5
Income (loss) from partnerships and S corporations (attach statement)
5
6
Rent income (Schedule C)
6
7
Unrelated debt-financed income (Schedule E)
7
8
Interest, annuities, royalties, and rents from controlled
organizations (Schedule F)
9
      
515100
607,598.
414,464.
          
193,134.
193,134.




STMT 1
-273,755.
-273,755.




7,682,063.
1,079,366.
6,602,697.


STMT 2
3,108,215.
3,108,215.
     
10,709,657.
1,079,366.
9,630,291.







Deductions Not Taken Elsewhere (see instructions for limitations on deductions) (except for contributions,
J The books are in care of
Part I
Open to Public Inspection for
501(c)(3) Organizations Only
NATIONAL PUBLIC RADIO, INC.
Print
or
Type
)
408(e)

OMB No. 1545-0687
(Employees' trust, see instructions.)
B Exempt under section
X

Exempt Organization Business Income Tax Return (and proxy tax under section 6033(e))
10/01 , 2012, and
For calendar year 2012 or other tax year beginning
09/30 , 20 13 .
ending
See separate instructions.
8
Investment income of a section 501(c)(7), (9), or (17)
organization (Schedule G)
9
10
Exploited exempt activity income (Schedule I)
10
11
Advertising income (Schedule J)
11
12
Other income (see instructions; attach statement)
12
13
Total. Combine lines 3 through 12
13
Part II




                                          3
                                        STMT
    
60,721.






                                    4
                                 STMT


     5
                    STMT




deductions must be directly connected with the unrelated business income)
14
Compensation of officers, directors, and trustees (Schedule K)
14
15
Salaries and wages
15
16
Repairs and maintenance
16
17
Bad debts
17
18
Interest (attach statement)
18
19
Taxes and licenses
19
20
Charitable contributions (see instructions for limitation rules)
20
21
Depreciation (attach Form 4562)
21
22
Less depreciation claimed on Schedule A and elsewhere on return
22a
23
Depletion
24
Contributions to deferred compensation plans
24
25
Employee benefit programs
25
26
Excess exempt expenses (Schedule I)
26
27
Excess readership costs (Schedule J)
27
28
Other deductions (attach statement)
28
29
Total deductions. Add lines 14 through 28
29
30
Unrelated business taxable income before net operating loss deduction. Subtract line 29 from line 13
30
31
Net operating loss deduction (limited to the amount on line 30)
31
32
Unrelated business taxable income before specific deduction. Subtract line 31 from line 30
32
33
Specific deduction (generally $1,000, but see line 33 instructions for exceptions)
33
34
Unrelated business taxable income. Subtract line 33 from line 32. If line 33 is greater than line 32,
enter the smaller of zero or line 32
JSA For Paperwork Reduction Act Notice, see instructions.
2E1610 1.000
43,221.
2,018,964.
34,909.
500.
60,721.
22b
23
34
316,155.
6,602,697.
1,253,270.
10,330,437.
-700,146.
-700,146.
-700,146.
Form
990-T
(2012)
1
2
Form 990-T (2012)
Page
3
Schedule C - Rent Income (From Real Property and Personal Property Leased With Real Property)
(see instructions)
1. Description of property
(1)
(2)
(3)
(4)
2. Rent received or accrued
(a) From personal property (if the percentage of rent
for personal property is more than 10% but not
more than 50%)
(b) From real and personal property (if the
percentage of rent for personal property exceeds
50% or if the rent is based on profit or income)
3(a) Deductions directly connected with the income
in columns 2(a) and 2(b) (attach statement)
(1)
(2)
(3)
    
(4)
Total

Total
(b) Total deductions.
Enter here and on page 1,
Part I, line 6, column (B)
(c) Total income. Add totals of columns 2(a) and 2(b). Enter
here and on page 1, Part I, line 6, column (A)
Schedule E - Unrelated Debt-Financed Income (see instructions)
1. Description of debt-financed property
3. Deductions directly connected with or allocable to
debt-financed property
(a) Straight line depreciation
(b) Other deductions
(attach statement)
(attach statement)
2. Gross income from or
allocable to debt-financed
property
(1)
(2)
(3)
(4)
4. Amount of average
acquisition debt on or
allocable to debt-financed
property (attach statement)
5. Average adjusted basis
of or allocable to
debt-financed property
(attach statement)
6. Column
4 divided
by column 5
(1)
%
(2)
%
(3)
%
(4)
8. Allocable deductions
(column 6 x total of columns
3(a) and 3(b))
7. Gross income reportable
(column 2 x column 6)
                                                   
%

Enter here and on page 1,
Part I, line 7, column (A).
Totals
Total dividends-received deductions included in column 8
Enter here and on page 1,
Part I, line 7, column (B).
Schedule F - Interest, Annuities, Royalties, and Rents From Controlled Organizations (see instructions)
Exempt Controlled Organizations
1. Name of controlled
organization
2. Employer
identification number
3. Net unrelated income
(loss) (see instructions)
4. Total of specified
payments made
5. Part of column 4 that is
included in the controlling
organization's gross income
6. Deductions directly
connected with income
in column 5
(1)
(2)
(3)
(4)
Nonexempt Controlled Organizations
7. Taxable Income
8. Net unrelated income
(loss) (see instructions)
9. Total of specified
payments made
10. Part of column 9 that is
included in the controlling
organization's gross income
11. Deductions directly
connected with income in
column 10
Add columns 5 and 10.
Enter here and on page 1,
Part I, line 8, column (A).
Add columns 6 and 11.
Enter here and on page 1,
Part I, line 8, column (B).
(1)
(2)
(3)
(4)
Totals
JSA

Form
990-T
(2012)
2E1630 1.000
4
Form 990-T (2012)
Page
4
Schedule G - Investment Income of a Section 501(c)(7), (9), or (17) Organization (see instructions)
1. Description of income
2. Amount of income
3. Deductions
directly connected
(attach statement)
4. Set-asides
(attach statement)
5. Total deductions
and set-asides (col. 3
plus col. 4)
(1)
(2)
(3)
(4)
Totals
           
Enter here and on page 1,
Part I, line 9, column (A).
Enter here and on page 1,
Part I, line 9, column (B).
Schedule I - Exploited Exempt Activity Income, Other Than Advertising Income (see instructions)
1. Description of exploited activity
(1)
2. Gross
unrelated
business income
from trade or
business
3. Expenses
directly
connected with
production of
unrelated
business income
Enter here and on
page 1, Part I,
line 10, col. (A).
Enter here and on
page 1, Part I,
line 10, col. (B).
4. Net income
(loss) from
unrelated trade or
business (column
2 minus column
3). If a gain,
compute cols. 5
through 7.
5. Gross income
from activity that
is not unrelated
business income
6. Expenses
attributable to
column 5
7. Excess exempt
expenses
(column 6 minus
column 5, but not
more than
column 4).
ATCH 1
(2)
(3)
           
(4)
Enter here and
on page 1,
Part II, line 26.
7,682,063. 1,079,366.
Totals
Schedule J - Advertising Income (see instructions)
Income From Periodicals Reported on a Consolidated Basis
Part I
2. Gross
advertising
income
1. Name of periodical
3. Direct
advertising costs
4. Advertising
gain or (loss) (col.
2 minus col. 3). If
a gain, compute
cols. 5 through 7.
6,602,697.
5. Circulation
income
6. Readership
costs
7. Excess readership
costs (column 6
minus column 5, but
not more than
column 4).
(1)
(2)
(3)
(4)
Totals (carry to Part II, line (5))
Part II

Income From Periodicals Reported on a Separate Basis (For each periodical listed in Part II, fill in columns 2
through 7 on a line-by-line basis.)
1. Name of periodical
2. Gross
advertising
income
3. Direct
advertising costs
Enter here and on
page 1, Part I,
line 11, col. (A).
Enter here and on
page 1, Part I
line 11, col. (B).
4. Advertising
gain or (loss) (col.
2 minus col. 3). If
a gain, compute
cols. 5 through 7.
5. Circulation
income
6. Readership
costs
7. Excess readership
costs (column 6
minus column 5, but
not more than
column 4).
(1)
(2)
(3)
(4)
Totals from Part I
Totals, Part II (lines 1-5)
   
Enter here and
on page 1,
Part II, line 27.
Schedule K - Compensation of Officers, Directors, and Trustees (see instructions)
1. Name
(1)
ATCH 2
(2)
(3)
(4)
Total. Enter here and on page 1, Part II, line 14
JSA
2. Title
3. Percent of
time devoted to
business
4. Compensation attributable to
unrelated business
%
                                 
%
%
%
Form
43,221.
990-T (2012)
2E1640 1.000
5
NPR INC
EIN: 52-0907625
Form 990-T, Part I, Line 5
FYE 09/30/2013
Ordinary Income from Partnerships
1. Davidson Kempner Institutional Partners L.P.
FEDERAL
25
2. National Public Media LLC
(273,780)
Total Ordinary Income from LPs
(273,755)
STATEMENT 1
6
NPR INC
EIN 52-0907625
Form 990-T, Part I, Line 12
FYE 09/30/2013
Other Income
STUDIO RENTAL
DISTRIBUTION OF EXCESS SATELLITE CAPACITY
18,570
2,636,180
UNQUALIFIED SPONSORSHIP - BUILDING ADVERTISEMENT
117,928
DISTRIBUTION CONSULTING
335,537
Total Other Income
3,108,215
STATEMENT 2
7
NPR INC
EIN: 52-0907625
Form 990-T, Part I, Line 19
FYE 09/30/2013
Taxes and Licenses
District of Columbia
250
New York
250
Total Taxes Paid
500
STATEMENT 3
8
NPR INC
EIN: 52-0907625
Form 990-T, Part I, Line 28
FYE 09/30/2013
Other Deductions
Professional Services
Connectivity
Communications
Travel
128,277
82,447
9,937
43,996
Deductible Meals
Lease
961
15,201
Occupancy
209,121
Printing
2,018
Supplies
2,183
Promotions
23,815
Postage and Freight
17,985
Employee Development
Administrative Cost
Tax Preparation Fees
Investment Management Fees
Miscellaneous
Total Other Deductions
2,398
693,380
4,267
15,490
1,794
1,253,270
STATEMENT 4
9
NPR INC
EIN: 52-0907625
Form 990-T, Part I, Line 31
FYE 09/30/2013
Net Operating Loss Carryforward
Fiscal Year Ended
Net Operating
Loss
Incurred
9/30/1994
Net Operating
Loss
Used
320,635
NOL Carryforward
available for next year
(18,093)
302,542
FYE 09/30/2011
(302,542)
-
FYE 09/30/2012
FYE 09/30/2012
9/30/1995
324,624
(17,317)
307,307
9/30/1996
388,320
-
695,627
9/30/1997
-
-
695,627
9/30/1998
590,045
-
1,285,672
9/30/1999
481,708
-
1,767,380
9/30/2000
562,220
-
2,329,600
9/30/2001
15,110
-
2,344,710
9/30/2002
601,984
-
2,946,694
9/30/2003
1,113,126
-
4,059,820
9/30/2004
1,150,153
-
5,209,973
9/30/2005
1,313,092
-
6,523,065
9/30/2006
2,557,159
-
9,080,224
9/30/2007
1,915,834
-
10,996,058
9/30/2008
1,050,477
-
12,046,535
9/30/2009
621,965
-
12,668,500
9/30/2010
181,951
-
12,850,451
9/30/2011
-
-
12,850,451
9/30/2012
-
-
12,850,451
-
13,550,597
9/30/2013
Carryforward to FYE 09/30/2014
700,146
Period NOL used
13,550,597
STATEMENT 5
10
7,682,063.
7,682,063.
UNQUALIFIED SPONSORSHIP ON.ORG WEBSITE
COLUMN TOTALS
INCOME
1,079,366.
1,079,366.
DIRECTLY
CONNECTED
BUSINESS
EXPLOITED ACTIVITY
1.
3.
EXPENSES
UNRELATED
GROSS
2.
SCHEDULE I - EXPLOITED EXEMPT ACTIVITY INCOME, OTHER THAN ADVERTISING INCOME
11
6,602,697.
OR (LOSS)
NET INCOME
4.
5.
2,079,506.
FROM ACTIVITY
GROSS INCOME
ATTACHMENT 1
6.
25,119,990.
TO COL. 5
ATTRIBUTABLE
EXPENSES
7.
ATTACHMENT 1
6,602,697.
6,602,697.
EXPENSES
EXEMPT
EXCESS
ATTACHMENT 2
SCHD. K, FORM 990-T, COMPENSATION OF OFFICERS, DIRECTORS, & TRUSTEES
NAME AND ADDRESS
PETER LOEWENSTEIN
TOTAL COMPENSATION
TITLE
VICE PRESIDENT
BUSINESS
PERCENT
21.730000
COMPENSATION
43,221.
43,221.
12
Form
8275
(Rev. August 2008)
Department of the Treasury
Internal Revenue Service
Name(s) shown on return
Disclosure Statement

OMB No. 1545-0889
Do not use this form to disclose items or positions that are contrary to Treasury
regulations. Instead, use Form 8275-R, Regulation Disclosure Statement.
See separate instructions.
Attach to your tax return.
Identifying number shown on return
NATIONAL PUBLIC RADIO, INC.
Part I
Attachment
Sequence No. 92
52-0907625
General Information (see instructions)
(a)
Rev. Rul., Rev. Proc., etc.
(b)
Item or Group
of Items
(c)
Detailed Description
of Items
DISTRIBUTION OPERTNS EXP.
METHODOLOGY AND NOL
1
N/A
(d)
Form or
Schedule
990-T
(e)
Line
No.
(f)
Amount
29,31
-987,138.
2
3
4
5
6
Part II
Detailed Explanation (see instructions)
1
SEE PART IV
2
3
4
5
6
Part III
Information About Pass-Through Entity. To be completed by partners, shareholders, beneficiaries, or
residual interest holders.
Complete this part only if you are making adequate disclosure for a pass-through item.
Note: A pass-through entity is a partnership, S corporation, estate, trust, regulated investment company (RIC), real estate investment
trust (REIT), or real estate mortgage investment conduit (REMIC).
1
Name, address, and ZIP code of pass-through entity
2 Identifying number of pass-through entity
3 Tax year of pass-through entity
to
4 Internal Revenue Service Center where the pass-through
entity filed its return
For Paperwork Reduction Act Notice, see separate instructions.
Form
8275
(Rev. 8-2008)
JSA
2X4128 1.000
13
Page 2
Form 8275 (Rev. 8-2008)
Part IV
Explanations (continued from Parts I and/or II)
DISTRIBUTION OPERATIONS EXPENSE METHODOLOGY AND NET OPERATING LOSS NATIONAL PUBLIC RADIO ("NPR") REPORTS REVENUE RECEIVED FROM SALES OF
THE EXCESS CAPACITY OF THE PUBLIC RADIO SATELLITE SYSTEM ("PRSS")
PROVIDED TO NON-PUBLIC RADIO CUSTOMERS (COMMERCIAL) AS UNRELATED
BUSINESS INCOME FOR THE CURRENT YEAR AND IN PRECEDING YEARS (GIVING
RISE TO THE NET OPERATING LOSS CARRY-FORWARD, SHOWN ON 990-T,
LINE 31). NPR DEDUCTS EXPENSES ASSOCIATED WITH ITS "DISTRIBUTION
OPERATIONS,"
INCLUDING EACH PROPORTIONAL SHARE OF ADMINISTRATIVE
COSTS, THAT ARE ATTRIBUTABLE TO THE COMMERCIAL USAGE USING THE
FOLLOWING METHODOLOGY: EXPENSES OF UNITS THAT ARE EXCLUSIVE TO
COMMERCIAL OPERATIONS ARE DEDUCTED FROM GROSS UNRELATED BUSINESS
INCOME. IN ADDITION, EXPENSES OF UNITS (E.G.BUSINESS AFFAIRS
FACILITIES ENGINEERING AND SATELLITE MAINTENANCE AND REPAIR DEPOT)
ARE ALLOCATED TO PUBLIC RADIO USE AND COMMERCIAL USE
BASED ON FACTORS SUCH AS INVOICES PROCESSED, PERCENTAGE OF TIME
SPENT, OR SHIPPING RECORDS, ETC. CERTAIN JOINT EXPENSES ASSOCIATED
WITH SATELLITE OPERATIONS ARE ALLOCATED TO PUBLIC RADIO USE AND
COMMERCIAL USE BASED ON THE TOTAL ACTUAL (WEIGHTED) TRANSPONDER HOURS.
JSA
2X4129 1.000
Form
8275
(Rev. 8-2008)
14

4562
Form
Department of the Treasury
Internal Revenue Service
(99)
Name(s) shown on return


OMB No. 1545-0172
Depreciation and Amortization
(Including Information on Listed Property)
See separate instructions.
Attachment
Sequence No. 179
Identifying number
Attach to your tax return.
NATIONAL PUBLIC RADIO, INC.
52-0907625
Business or activity to which this form relates









                                              
990-T
Part I
Election To Expense Certain Property Under Section 179
Note: If you have any listed property, complete Part V before you complete Part I.
1
Maximum amount (see instructions)
1
2
Total cost of section 179 property placed in service (see instructions)
2
3
Threshold cost of section 179 property before reduction in limitation (see instructions)
3
4
5
Reduction in limitation. Subtract line 3 from line 2. If zero or less, enter -0-
4
Dollar limitation for tax year. Subtract line 4 from line 1. If zero or less, enter -0-. If married filing
separately, see instructions




 
6
(a) Description of property
(b) Cost (business use only)
7
Listed property. Enter the amount from line 29
8
Total elected cost of section 179 property. Add amounts in column (c), lines 6 and 7
9
Tentative deduction. Enter the smaller of line 5 or line 8
5
(c) Elected cost
7
8
9
10
Carryover of disallowed deduction from line 13 of your 2011 Form 4562
10
11
Business income limitation. Enter the smaller of business income (not less than zero) or line 5 (see instructions)
11
12
Section 179 expense deduction. Add lines 9 and 10, but do not enter more than line 11
12
13
Carryover of disallowed deduction to 2013. Add lines 9 and 10, less line 12
13

                                      
Note: Do not use Part II or Part III below for listed property. Instead, use Part V.
Special Depreciation Allowance and Other Depreciation (Do not include listed property.) (See instructions.)
Part II
Special depreciation allowance for qualified property (other than listed property) placed in service
14
during the tax year (see instructions)
14
Property subject to section 168(f)(1) election
Other depreciation (including ACRS)
15
16
Part III


15
16
MACRS Depreciation (Do not include listed property.) (See instructions.)
Section A
17
MACRS deductions for assets placed in service in tax years beginning before 2012
18
If you are electing to group any assets placed in service during the tax year into one or more general
asset accounts, check here
60,721.
17
Section B - Assets Placed in Service During 2012 Tax Year Using the General Depreciation System
(a) Classification of property
19a
3-year property
b
5-year property
c
7-year property
(b) Month and year
placed in
service
(c) Basis for depreciation (d) Recovery
(business/investment use
period
only - see instructions)
(e) Convention
(f) Method
(g) Depreciation deduction
d 10-year property
e 15-year property
f 20-year property
g 25-year property
25 yrs.
h Residential rental
property
27.5 yrs.
MM
27.5 yrs.
MM
S/L
39 yrs.
MM
S/L
MM
S/L
i Nonresidential real
property
S/L
S/L
Section C - Assets Placed in Service During 2012 Tax Year Using the Alternative Depreciation System
20a Class life
b 12-year
c 40-year
Part IV Summary (See instructions.)
S/L



12 yrs.
S/L
40 yrs.
MM
S/L
21
Listed property. Enter amount from line 28
22
Total. Add amounts from line 12, lines 14 through 17, lines 19 and 20 in column (g), and line 21. Enter here
and on the appropriate lines of your return. Partnerships and S corporations - see instructions
For assets shown above and placed in service during the current year, enter the
portion of the basis attributable to section 263A costs
For Paperwork Reduction Act Notice, see separate instructions.
23
JSA
2X2300 2.000
21
60,721.
22
23
Form
4562
(2012)
15