Pbs39 Foundation Corporation
- Assets
- $103.1m
- Revenue
- $11.2m
- Investments
- $0.0
- Employees
- 3
- Location
- Bethlehem, PA
- Founding
- 03/2010
- Data as of
- 06/2021
- EIN
- 27-1822770
Organization Overview
Pbs39 Foundation Corporation is located in Bethlehem, PA. The organization was established in 2010. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Pbs39 Foundation Corporation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pbs39 Foundation Corporation 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, Pbs39 Foundation Corporation generated $11.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 69.3% each year . All expenses for the organization totaled $4.2m during the year ending 06/2021. While expenses have increased by 29.6% 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 BENEFIT THE LEHIGH VALLEY PUBLIC TELECOMMUNICATIONS CORPORATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUPPORT LEHIGH VALLEY PUBLIC TELECOMMUNICATIONS CORPORATION IN OPERATING A PUBLIC MEDIA STATION SERVING A FOUR COUNTY AREA WITH OVER 12,000 MEMBERS; ENCOURAGE LONG-TERM FINANCIAL SUPPORT, MANAGE AND INVEST THE FUNDS CONTRIBUTED TO THE FOUNDATION, AND MAKE DONATIONS TO WLVT TO SUPPORT ITS PROGRAMS.
TO SUPPORT LEHIGH VALLEY PUBLIC TELECOMMUNICATIONS CORPORATION IN OPERATING A PUBLIC MEDIA STATION SERVING A FOUR COUNTY AREA WITH OVER 12,000 MEMBERS; ENCOURAGE LONG-TERM FINANCIAL SUPPORT, MANAGE AND INVEST THE FUNDS CONTRIBUTED TO THE FOUNDATION, AND MAKE DONATIONS TO WLVT TO SUPPORT ITS PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy Fallon Executive Director | Officer | 40 | $229,880 |
Arthur Troccoli CFO | Officer | 40 | $173,358 |
Susan Yee Vice Chair | OfficerTrustee | 1 | $0 |
Gregory Paul Secretary | OfficerTrustee | 1 | $0 |
John Eureyecko Treasurer | OfficerTrustee | 1 | $0 |
Steven Thompson Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $62,600 |
| All other contributions, gifts, grants, and similar amounts not included above | $436 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $63,036 |
| Total Program Service Revenue | $0 |
| Investment income | $3,159,120 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,942,172 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,164,328 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,390,260 |
| 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. | $442,757 |
| Compensation of current officers, directors, key employees. | $442,757 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $84,288 |
| Pension plan accruals and contributions | $4,630 |
| Other employee benefits | $10,862 |
| Payroll taxes | $31,422 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $106,240 |
| Fees for services: Other | $37,093 |
| Advertising and promotion | $0 |
| Office expenses | $641 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $6,000 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $35,617 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $55 |
| Total functional expenses | $4,152,765 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,360 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,733 |
| 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 | $6,500 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $103,076,983 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $850 |
| Total assets | $103,089,426 |
| Accounts payable and accrued expenses | $816 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $4,820,260 |
| Total liabilities | $4,821,076 |
| Net assets without donor restrictions | $98,268,350 |
| Net assets with donor restrictions | $0 |
| 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 | $103,089,426 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Pbs39 Foundation Corporation has recieved totaling $10,597.
| Awarding Organization | Amount |
|---|---|
Lutron Foundation Coopersburg, PA PURPOSE: FOR GENERAL SUPPORT OF CHARITABLE ACTIVITIES | $10,000 |
Ge Foundation Norwalk, CT PURPOSE: MATCHING GIFTS | $305 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $180 |
Chubb Charitable Foundation Philadelphia, PA PURPOSE: MATCHING GIFTS | $62 |
Chubb Charitable Foundation Philadelphia, PA PURPOSE: MATCHING GIFTS | $50 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Friends Of The Israel Antiquities Authority Inc New York, NY | $7,188,185 | $4,799,124 |
Tate Americas Foundation New York, NY | $101,513,410 | $8,735,378 |
Museo Reina Sofia Foundation Usa Inc New York, NY | $1,828,282 | $604,276 |
American Associates Of The National Theatre Inc New York, NY | $4,697,341 | $5,678,751 |
Toledo Alliance For The Performing Arts Toledo, OH | $24,676,048 | $6,839,703 |
American Friends Of The Israel Philharmonic Orchestra Inc New York, NY | $30,416,918 | $8,529,001 |
Mary Louise Curtis Bok Foundation Philadelphia, PA | $100,159,634 | $12,712,681 |
American Friends Of The Louvre Inc New York, NY | $14,733,047 | $4,946,706 |
Air Force Museum Foundation Inc Wright Patterson Afb, OH | $28,184,823 | $8,102,292 |
Pbs39 Foundation Corporation Bethlehem, PA | $103,089,426 | $11,164,328 |
John L Severance Brooklyn, OH | $58,165,574 | $2,331,201 |
American Friends Of The National Portrait Gallery Foundation Inc New York, NY | $1,343,323 | $3,284,122 |