Sfpbs Foundation Inc
- Assets
- $66.1m
- Revenue
- $62.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Boynton Beach, FL
- Founding
- 04/1982
- Data as of
- 06/2022
- EIN
- 59-2141826
Organization Overview
Sfpbs Foundation Inc is located in Boynton Beach, FL. The organization was established in 1982. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sfpbs Foundation 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 06/2022, Sfpbs Foundation Inc generated $62.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 60.3% each year . All expenses for the organization totaled $146.7k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SFPBS FOUNDATION, INC. EXISTS TO PROVIDE FINANCIAL SUPPORT TO SOUTH FLORIDA PBS, INC., WHICH OPERATES WPBT ON CHANNEL 2 AND WXEL ON CHANNEL 42, TELEVISING TO THE SEVEN-COUNTY SOUTH FLORIDA SERVICE AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SFPBS FOUNDATION, INC. PROVIDES SUPPORT TO PUBLIC TELEVISION WPBT CHANNEL 2 AND WXEL CHANNEL 42 IN SOUTH FLORIDA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dolores Fernandez Alonso Chief Executive Officer | OfficerTrustee | 1 | $0 |
Peter L Bermont Immediate Past Chair | OfficerTrustee | 1 | $0 |
Lisa Mendelson Chair | OfficerTrustee | 1 | $0 |
Nicholas Perricone MD Secretary | OfficerTrustee | 1 | $0 |
Jeffrey Huff COO | Officer | 1 | $0 |
Pamela Olmo CFO | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $60,556,840 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $60,556,840 |
| Total Program Service Revenue | $0 |
| Investment income | $332,321 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,579,673 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $62,468,834 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $38,140 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $108,540 |
| Total functional expenses | $146,680 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $272,224 |
| Savings and temporary cash investments | $4,285,426 |
| Pledges and grants receivable | $21,340,581 |
| Accounts receivable, net | $0 |
| 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 | $14,141 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $39,158,784 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,073,957 |
| Total assets | $66,145,113 |
| Accounts payable and accrued expenses | $0 |
| 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 | $2,098,773 |
| Total liabilities | $2,098,773 |
| Net assets without donor restrictions | $52,375,689 |
| Net assets with donor restrictions | $11,670,651 |
| 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 | $66,145,113 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Sfpbs Foundation Inc has recieved totaling $152,698.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Broward Inc Fort Lauderdale, FL PURPOSE: GENERAL SUPPORT | $76,349 |
Community Foundation Of Broward Inc Fort Lauderdale, FL PURPOSE: GENERAL SUPPORT | $76,349 |
Endowment Analysis
| Beg. Balance | $21,937,816 |
| Earnings | -$4,704,634 |
| Admin Expense | $108,540 |
| Net Contributions | $60,556,840 |
| Grants | $13,635,142 |
| Ending Balance | $64,046,340 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Adrienne Arsht Center Trust Inc Miami, FL | $40,375,100 | $35,550,513 |
Dr Phillips Center For The Performing Arts Inc Orlando, FL | $72,410,407 | $23,068,254 |
Broward Performing Arts Foundation Inc Fort Lauderdale, FL | $22,267,625 | $6,295,369 |
Alabama Educational Television Foundation Authority Birmingham, AL | $11,749,441 | $5,899,982 |
Udt-Seal Museum Association Inc Fort Pierce, FL | $11,703,499 | $4,225,376 |
Tampa Bay Performing Arts Center Foundation Inc Tampa, FL | $58,693,450 | $5,079,168 |
Bellingrath Gardens And Home Foundation Inc Theodore, AL | $4,998,208 | $3,680,917 |
Sarasota Performing Arts Center Foundation Inc Sarasota, FL | $17,775,293 | $3,231,495 |
The Callanwolde Foundation Inc Atlanta, GA | $3,540,357 | $1,973,152 |
Birmingham Negro Southern League Museum Foundation Birmingham, AL | $525,950 | $1,055,962 |
John & Mable Ringling Museum Of Art Foundation Sarasota, FL | $7,269,339 | $1,949,232 |
Liberty Regional Medical Center Inc Hinesville, GA | $65,773 | $1,307,530 |