Wsre-Tv Foundation Inc

Organization Overview

Wsre-Tv Foundation Inc is located in Pensacola, FL. The organization was established in 1990. According to its NTEE Classification (A32) the organization is classified as: Television, 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. Wsre-Tv 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 06/2020, Wsre-Tv Foundation Inc generated $1.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $1.2m during the year ending 06/2020. While expenses have increased by 2.2% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

THE FOUNDATION OPERATES AS A DIRECT SUPPORT ORGANIZATION FOR WSRE-TV. WSRE BROADCASTS EDUCATIONAL AND COMMUNITY ORIENTED PROGRAMS IN ASSOCIATION WITH PENSACOLA STATE COLLEGE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE WSRE FOUNDATION PROVIDES SUPPORT FOR THE OPERATIONAL NEEDS OF WSRE, PBS FOR THE GULF COAST. ITS PROGRAM SERVICE ACTIVITIES SUPPORT STATION EFFORTS TO:1. PROVIDE EDUCATIONAL TELEVISION TO THE CITIZENS OF NORTHWEST FLORIDA OVER 4 DIGITAL BROADCAST STREAMS AND OVER ITS WEBSITE. BROADCAST HOURS ARE APPROXIMATELY 35,000 PER YEAR, 24 HOURS A DAY, 7 DAYS A WEEK. 2. PROVIDE A DIVERSE ARRAY OF HIGH-QUALITY LOCALLY-PRODUCED PROGRAMMING INCLUDING CURRENT AFFAIRS, ARTS/CULTURE, MINORITY ISSUES, AND DOCUMENTARIES.3. PROVIDE EDUCATIONAL AND OUTREACH SERVICES TO THE CITIZENS OF NORTHWEST FLORIDA THROUGH WSRE'S READING PROGRAMS, TEACHER TRAINING OPPORTUNITIES, AND OTHER LITERACY-BASED INITIATIVES. WSRE IMAGINATION STATION, IN PARTNERSHIP WITH A LOCAL BASEBALL TEAM, IS AN OUTREACH VENUE AT THE TEAM'S BALLPARK IN DOWNTOWN PENSACOLA, OFFERING FREE EARLY LITERARY RESOURCES AND ACCESS TO HANDS-ON DIGITAL MEDIA LEARNING ASSETS PROVIDED BY PBS AND WSRE.


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Board, Officers & Key Employees

Name (title)Compensation
Lusharon Wiley Edd
Chair
$0
Chip Wood
Vice Chair
$0
David Emerson Dear
Secretary
$0
Hal George
Past Chair
$0
John Adams
Board Member
$0
Jarrod Dawson
Board Member
$0

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$1,181,427
Investment income $36,425
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $81,495
Net Gain/Loss on Asset Sales $42,423
Net Income from Fundraising Events $600
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,342,370

Grants Recieved

Over the last fiscal year, we have identified 4 grants that Wsre-Tv Foundation Inc has recieved totaling $21,238.

Awarding OrganizationAmount
The Kugelman Foundation Inc

Pensacola, FL

PURPOSE: GENERAL PURPOSE

$15,000
Charities Aid Foundation America

Alexandria, VA

PURPOSE: CHARITABLE DONATION

$6,000
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$138
Pfizer Foundation Inc

New York, NY

PURPOSE: MATCHING GIFTS

$100
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$1,993,579
Earnings$534,070
Admin Expense$9,062
Ending Balance$2,518,587

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