Friends Of Wlrn Inc
- Assets
- $36.1m
- Revenue
- $13.5m
- Investments
- $0.0
- Employees
- 59
- Location
- Miami, FL
- Founding
- 09/1976
- Data as of
- 06/2021
- EIN
- 23-7365001
Organization Overview
Friends Of Wlrn Inc is located in Miami, FL. The organization was established in 1976. According to its NTEE Classification (G41) the organization is classified as: Eye Diseases, Blindness & Vision Impairments, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 06/2021, Friends Of Wlrn Inc employed 59 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of Wlrn Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Friends Of Wlrn Inc generated $13.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $9.4m during the year ending 06/2021. While expenses have increased by 0.6% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE RESOURCE DEVELOPMENT SERVICES TO & SUPPORT WLRN PUBLIC RADIO AND TELEVISION TO PROVIDEINFORMATION, ENTERTAINMENT AND LEARNING WITH A COMMITMENT TO EXCELLENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE YEAR, THE ORGANIZATION RAISED APPROXIMATELY $8,300,000 AND MADE GRANTS OF APPROXIMATELY $2,300,000 TO WLRN-TV AND WLRN-FM RADIO STATIONS, BOTH OF WHICH ARE OWNED BY THE MIAMI-DADE COUNTY SCHOOL BOARD. IN ADDITION TO THE GRANTS, THE ORGANIZATION PAID APPROXIMATELY $2,800,000 IN EXPENSES TO SOUTH FLORIDA PUBLIC MEDIA COMPANY IN ORDER TO SUPPORT WLRN NEWS ACTIVITIES. THESE AMOUNTS WERE USED BY THE STATIONS EXCLUSIVELY FOR CARRYING OUT THEIR EXEMPT PURPOSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Hudson VP News | Officer | 40 | $227,012 |
Sheila Reinken CEO | OfficerTrustee | 40 | $205,884 |
Stephanie Vega CFO | OfficerTrustee | 40 | $13,341 |
Cheryl Wilke Secretary | OfficerTrustee | 1 | $0 |
Robert Mcgrath Treasurer | OfficerTrustee | 1 | $0 |
Joseph Goldstein Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $5,224,987 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $705,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,934,714 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,864,701 |
| Total Program Service Revenue | $150 |
| Investment income | $518,745 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,768,000 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,324,123 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,544,758 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $554,400 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,170,112 |
| Compensation of current officers, directors, key employees. | $161,867 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,271,889 |
| Pension plan accruals and contributions | $333,365 |
| Other employee benefits | $423,364 |
| Payroll taxes | $258,823 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $20,020 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $143,080 |
| Fees for services: Other | $460,480 |
| Advertising and promotion | $158,138 |
| Office expenses | $177,327 |
| Information technology | $481,307 |
| Royalties | $0 |
| Occupancy | $79,201 |
| Travel | $3,871 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,896 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $27,376 |
| Insurance | $24,002 |
| All other expenses | $441,436 |
| Total functional expenses | $9,446,695 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $480,802 |
| Savings and temporary cash investments | $1,392,947 |
| Pledges and grants receivable | $1,053,353 |
| Accounts receivable, net | $497,500 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $9,592 |
| Net Land, buildings, and equipment | $25,275 |
| Investments—publicly traded securities | $25,923,292 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,680,855 |
| Total assets | $36,063,616 |
| Accounts payable and accrued expenses | $330,448 |
| Grants payable | $0 |
| Deferred revenue | $136,045 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $466,493 |
| Net assets without donor restrictions | $35,312,494 |
| Net assets with donor restrictions | $284,629 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $36,063,616 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Friends Of Wlrn Inc has recieved totaling $151,424.
| Awarding Organization | Amount |
|---|---|
Eunice Joyce Gardiner Charitable Foundation Palm Beach, FL PURPOSE: GENERAL SUPPORT | $101,424 |
Addison Hines Charitable Tr Canton, GA PURPOSE: 2023 PUBLIC RADIO CLASSICAL MUSIC | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Friends Of Wlrn Inc Miami, FL | $36,063,616 | $13,544,758 |
Georgia Cooperative Services For The Blind Inc Snellville, GA | $28,494,094 | $9,142,044 |
Georgia Eye Bank Inc Atlanta, GA | $18,619,601 | $6,754,621 |
Tampa Lighthouse For The Blind Inc Tampa, FL | $7,196,265 | $3,320,229 |
Lighthouse Of Broward County Inc Fort Lauderdale, FL | $8,183,594 | $3,362,411 |
Southern Council Of Optometrists Atlanta, GA | $3,597,843 | $3,344,047 |
Downtown Visions Inc Jacksonville, FL | $2,015,656 | $3,070,632 |
Center For The Visually Impaired Inc Daytona Beach, FL | $2,727,294 | $3,581,895 |
International Retinal Research Foundation Inc Birmingham, AL | $29,800,407 | $2,481,760 |
Florida Lions Conklin Centers For The Blind Inc Daytona Beach, FL | $2,435,068 | $1,186,911 |
Center For The Visually Impaired Foundation Inc Atlanta, GA | $3,998,793 | $1,342,725 |
Mana-Sota Lighthouse For The Blind Inc Sarasota, FL | $5,251,623 | $2,008,087 |