Wsre-Tv Foundation Inc
- Assets
- $3.8m
- Revenue
- $1.4m
- Investments
- $166.5k
- Employees
- 0
- Location
- Pensacola, FL
- Founding
- 05/1990
- Data as of
- 06/2022
- 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 06/2022, Wsre-Tv Foundation Inc generated $1.4m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $1.1m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
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:
THE WSRE-TV 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 5 DIGITAL BROADCAST STREAMS AND OVER ITS WEBSITE. BROADCAST HOURS ARE APPROXIMATELY 43,800 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 |
|---|---|---|---|
Hal George Past Chair | OfficerTrustee | 1 | $0 |
Lusharon Wiley Edd Chair | OfficerTrustee | 1 | $0 |
John Adams Vice Chair | OfficerTrustee | 1 | $0 |
Jarrod Dawson Secretary | OfficerTrustee | 1 | $0 |
Laura Shaud Treasurer | OfficerTrustee | 1 | $0 |
Jill Hubbs Executive Director | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $43,470 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,143,280 |
| Noncash contributions included in lines 1a–1f | $411,200 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,186,750 |
| Total Program Service Revenue | $0 |
| Investment income | $29,918 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $61,949 |
| Net Gain/Loss on Asset Sales | $86,205 |
| Net Income from Fundraising Events | -$11,164 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,353,658 |
| 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 | $11,818 |
| Fees for services: Accounting | $33,865 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $18,095 |
| Office expenses | $25,603 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,977 |
| 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 | $39,216 |
| Insurance | $14,542 |
| All other expenses | $313,407 |
| Total functional expenses | $1,142,317 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $731,860 |
| Savings and temporary cash investments | $258,878 |
| Pledges and grants receivable | $41,018 |
| Accounts receivable, net | $113,496 |
| 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 | $44,707 |
| Net Land, buildings, and equipment | $112,399 |
| Investments—publicly traded securities | $2,292,213 |
| Investments—other securities | $166,504 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $25,000 |
| Total assets | $3,786,075 |
| Accounts payable and accrued expenses | $20,548 |
| Grants payable | $0 |
| Deferred revenue | $117,842 |
| 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 | $138,390 |
| Net assets without donor restrictions | $2,142,983 |
| Net assets with donor restrictions | $1,504,702 |
| 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 | $3,786,075 |