Wsre-Tv Foundation Inc
- Assets
- $3.6m
- Revenue
- $1.3m
- Investments
- $141.4k
- Employees
- 0
- Location
- Pensacola, FL
- Founding
- 05/1990
- Data as of
- 06/2020
- EIN
- 59-2993200
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.
Form
990
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) | Role | Hours | Compensation |
|---|---|---|---|
Lusharon Wiley Edd Chair | OfficerTrustee | 1 | $0 |
Chip Wood Vice Chair | OfficerTrustee | 1 | $0 |
David Emerson Dear Secretary | OfficerTrustee | 1 | $0 |
Hal George Past Chair | OfficerTrustee | 1 | $0 |
Barbara Little Board Member | Trustee | 1 | $0 |
James Fitzpatrick Board Member | Trustee | 1 | $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 |
| 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. | $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 | $1,463 |
| Fees for services: Accounting | $30,135 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $19,696 |
| Office expenses | $36,262 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $8,545 |
| 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 | $31,080 |
| Insurance | $13,552 |
| All other expenses | $0 |
| Total functional expenses | $1,236,981 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $681,081 |
| Savings and temporary cash investments | $258,540 |
| Pledges and grants receivable | $41,018 |
| Accounts receivable, net | $48,395 |
| 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 | $56,455 |
| Investments—publicly traded securities | $2,116,939 |
| Investments—other securities | $141,356 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $25,000 |
| Total assets | $3,550,215 |
| Accounts payable and accrued expenses | $75,597 |
| Grants payable | $0 |
| Deferred revenue | $89,514 |
| 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 | $165,111 |
| 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 | $3,385,104 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Wsre-Tv Foundation Inc has recieved totaling $21,238.
| Awarding Organization | Amount |
|---|---|
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 |
Endowment Analysis
| Beg. Balance | $1,993,579 |
| Earnings | $534,070 |
| Admin Expense | $9,062 |
| Ending Balance | $2,518,587 |
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 |