Florida West Coast Public Broadcasting Inc
- Assets
- $30.0m
- Revenue
- $11.4m
- Investments
- $4.4m
- Employees
- 57
- Location
- Tampa, FL
- Founding
- 05/1959
- Data as of
- 09/2020
- EIN
- 59-0840626
Organization Overview
Florida West Coast Public Broadcasting Inc, operating under the name Wedu, is located in Tampa, FL. The organization was established in 1959. According to its NTEE Classification (A32) the organization is classified as: Television, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 09/2021, Wedu employed 57 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wedu 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 09/2020, Wedu generated $11.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $9.9m during the year ending 09/2020. While expenses have increased by 2.7% 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
WEDU IS A PUBLIC MEDIA RESOURCE THAT USES STORYTELLING AND COMMUNITY (SEE SCHEDULE O, PAGE 40) ENGAGEMENT TO CREATE A MORE INFORMED PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WEDU IS THE LARGEST PBS STATION IN FLORIDA, BROADCASTING 52,560 HOURS OF COMMERCIAL FREE TELEVISION ANNUALLY ACROSS SIX CHANNELS THAT REACH 6.4 MILLION FLORIDIANS, AND COUNTLESS OPPORTUNITIES FOR DIGITAL ENGAGEMENT THROUGH VIDEO STREAMING, WEB AND SOCIAL MEDIA, AND ROBUST EDUCATIONAL RESOURCES. WEDU IS THOUGHTFUL IN TELLING STORIES THAT AMPLIFY LOCAL VOICES. WE EXPLORE TOPICS THAT AFFECT OUR COMMUNITY, OUR COUNTRY, AND THE WORLD THAT PRIORITIZES SOLUTION-BASED PROGRAMMING THAT ADDRESSES THE NEEDS OF OUR VIEWERSHIP. WE FEATURE DIVERSE VOICES DESIGNED TO SPARK DIALOGUE AND FACILITATE THESE CONVERSATIONS THROUGH EVENTS AND OUTREACH.SEE CONTINUATION OF PROGRAM ACCOMPLISHMENTS AT SCHEDULE O, PAGE 40. OUR WORK HAS RECEIVED PROFOUND CRITICAL ACCLAIM INCLUDING NINE SUNCOAST REGIONAL EMMY NOMINATIONS AND SIX WINS, A GRIOT DRUM AWARD FROM THE TAMPA BAY ASSOCIATION OF BLACK JOURNALISTS, AND WAS A FINALIST FOR A PRESTIGIOUS PUBLIC MEDIA AWARD IN 2021. ADDITIONALLY, WEDU PRODUCED PROGRAMS SUCH AS THE LIGHT OF MINE: THE MAKING OF THE WESTCOAST BLACK THEATRE TROUPE HAVE BEEN SELECTED FOR NATIONAL DISTRIBUTION THROUGH PBS AND OTHER PARTNERS. PK-12 EDUCATION PROGRAMMING AND RESOURCES REACHED 90,000 FAMILIES DURING THE HEIGHT OF PANDEMIC REMOTE LEARNING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Grove President & CEO | Trustee | 50 | $226,383 |
Debra Friedberg CFO | Officer | 50 | $133,367 |
John H Conely Jr Senior VP Of Operations | 50 | $132,152 | |
Claire O'connor Solomon Senior VP Of Development | 50 | $129,482 | |
Arden Robbins VP Of Marketing And Commun | 50 | $114,938 | |
Brian Keenan Vice Chair | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Donor Development Strategies Llc Canvassing Services | 9/29/15 | $322,721 |
Dmw Worldwide Llc Donor Mailings | 9/29/15 | $105,163 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,897,996 |
| Investment income | $332,132 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $837 |
| Net Rental Income | $1,055,379 |
| Net Gain/Loss on Asset Sales | $312,457 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,394,460 |
| Statement of Expenses | |
|---|---|
| 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. | $604,595 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,701,643 |
| Pension plan accruals and contributions | $87,637 |
| Other employee benefits | $313,049 |
| Payroll taxes | $243,674 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,054 |
| Fees for services: Accounting | $39,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $93,300 |
| Fees for services: Other | $0 |
| Advertising and promotion | $566,836 |
| Office expenses | $524,481 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $307,601 |
| Travel | $69,781 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,180 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $489,938 |
| Insurance | $139,384 |
| All other expenses | $0 |
| Total functional expenses | $9,850,213 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $175 |
| Savings and temporary cash investments | $2,448,520 |
| Pledges and grants receivable | $26,308 |
| Accounts receivable, net | $172,381 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $15,000 |
| Prepaid expenses and deferred charges | $125,950 |
| Investments—publicly traded securities | $18,001,700 |
| Investments—other securities | $4,396,172 |
| Investments—program-related | $99,469 |
| Intangible assets | $0 |
| Other assets | $56,841 |
| Total assets | $30,023,542 |
| Accounts payable and accrued expenses | $1,069,818 |
| Grants payable | $0 |
| Deferred revenue | $181,370 |
| 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 | $7,117 |
| Total liabilities | $1,258,305 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $28,765,237 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Florida West Coast Public Broadcasting Inc has recieved totaling $387,237.
| Awarding Organization | Amount |
|---|---|
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $170,000 |
Community Foundation Of Sarasota County Inc Sarasota, FL PURPOSE: GENERAL SUPPORT, PROGRAM SUPPORT | $157,684 |
Gulf Coast Community Foundation Inc Venice, FL PURPOSE: ARTS & CULTURE | $20,808 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $18,545 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: CULTURE | $7,250 |
Bon Secours Mercy Health Inc Cincinnati, OH PURPOSE: Mission Support | $7,000 |
Endowment Analysis
| Beg. Balance | $22,397,872 |
| Earnings | $4,353,468 |
| Net Contributions | $5,971,218 |
| Other Expense | $1,083,119 |
| Ending Balance | $31,639,439 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
South Florida Pbs Inc Boynton Beach, FL | $14,560,451 | $12,247,643 |
Florida West Coast Public Broadcasting Inc Tampa, FL | $30,023,542 | $11,394,460 |
Tva Community Credit Union Muscle Shoals, AL | $393,706,380 | $12,113,228 |
Wjct Inc Jacksonville, FL | $12,343,309 | $9,727,343 |
Florida Public Broadcasting Service Inc St Petersburg, FL | $2,072,166 | $4,812,558 |
Television Association Of Programmers Latin America Coral Gables, FL | $1,544,634 | $2,503,677 |
Atlanta Interfaith Broadcasters Inc Atlanta, GA | $4,252,720 | $2,032,380 |
Programming Service For Public Television Inc Tampa, FL | $1,013,697 | $1,739,289 |
Georgia Cable Association Inc Smyrna, GA | $297,172 | $1,274,041 |
Macon Urban Ministries Inc Macon, GA | $2,693,857 | $1,686,684 |
Wsre-Tv Foundation Inc Pensacola, FL | $3,550,215 | $1,342,370 |
National Academy Of Television Arts & Sciences Pembroke Pines, FL | $1,454,489 | $698,933 |