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Nonprofiteer
← SOUTH FLORIDA PUBLIC MEDIA GROUP INC

Form 990 for tax year 2024

Filed by SOUTH FLORIDA PUBLIC MEDIA GROUP INC.

Totals

Total revenue
$15,660,344
Total expenses
$11,347,115
Contributions and grants received
$10,268,417
Grants paid
$0
Program service revenue
$400
Investment income
$3,546,950
Other revenue
$1,844,577
Total assets, end of year
$48,074,998
Total liabilities, end of year
$481,711
Net assets or fund balances, end of year
$47,593,287
Program services expenses (Part IX)
$6,332,899
Management and general expenses
$1,442,039
Fundraising expenses
$3,572,177
Program service expenses (Part III)
$6,332,899

Program services were 55.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $5,326,897

  • 1f · All other contributions, gifts and grants

    $4,941,520

  • 2a · Program service revenue: LOCAL AND NATIONAL PRODUCTION

    total $400 · related or exempt $400

  • 3 · Investment income

    total $946,707 · excluded $946,707

  • 5 · Royalties

    total $1,768,000 · excluded $1,768,000

  • 7a · Gross sales of assets other than inventory

    securities $7,037,377

  • 7b · Less cost or other basis and sales expenses

    securities $4,437,134

  • 7c · Gain or loss

    securities $2,600,243

  • 7d · Net gain or loss

    total $2,600,243 · excluded $2,600,243

  • 11a · Other revenue: OTHER INCOME

    total $76,577 · related or exempt $76,577

  • 11e · Other revenue, total

    $76,577

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $968,346 · program services $142,723 · management and general $825,623

  • 7 · Other salaries and wages

    total $4,549,236 · program services $2,959,573 · management and general $84,302 · fundraising $1,505,361

  • 8 · Pension plan contributions

    total $446,845 · program services $291,557 · management and general $6,848 · fundraising $148,440

  • 9 · Other employee benefits

    total $586,189 · program services $385,231 · fundraising $200,958

  • 10 · Payroll taxes

    total $383,782 · program services $221,406 · management and general $53,711 · fundraising $108,665

  • 11b · Fees: legal

    total $71,927 · program services $33,829 · management and general $34,069 · fundraising $4,029

  • 11f · Fees: investment management

    total $123,166 · management and general $123,166

  • 11g · Fees: other

    total $606,972 · program services $323,892 · management and general $100,507 · fundraising $182,573

  • 12 · Advertising and promotion

    total $261,583 · fundraising $261,583

  • 13 · Office expenses

    total $101,443 · program services $14,888 · management and general $24,455 · fundraising $62,100

  • 14 · Information technology

    total $517,847 · program services $295,376 · management and general $55,318 · fundraising $167,153

  • 16 · Occupancy

    total $159,567 · program services $105,312 · management and general $30,940 · fundraising $23,315

  • 17 · Travel

    total $36,434 · program services $21,559 · management and general $7,422 · fundraising $7,453

  • 19 · Conferences, conventions and meetings

    total $93,413 · program services $39,447 · management and general $29,651 · fundraising $24,315

  • 22 · Depreciation, depletion and amortization

    total $37,013 · program services $16,970 · management and general $6,368 · fundraising $13,675

  • 23 · Insurance

    total $40,051 · program services $23,602 · management and general $5,006 · fundraising $11,443

  • 24a · Other expenses: PROGRAM ACQUISITION

    total $1,041,525 · program services $1,020,841 · fundraising $20,684

  • 24b · Other expenses: BAD DEBT EXPENSE

    total $464,862 · fundraising $464,862

  • 24c · Other expenses: AUDIENCE RESEARCH

    total $237,051 · program services $237,051

  • 24d · Other expenses: INTEREST, CREDIT CARDS,

    total $176,020 · management and general $20,721 · fundraising $155,299

  • 24e · All other expenses

    total $443,843 · program services $199,642 · management and general $33,932 · fundraising $210,269

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $599,127 · end of year $882,039

  • 2 · Savings and temporary cash investments

    beginning of year $168,118 · end of year $2,218,001

  • 3 · Pledges and grants receivable

    beginning of year $1,220,058 · end of year $1,374,309

  • 4 · Accounts receivable

    beginning of year $391,572 · end of year $354,181

  • 9 · Prepaid expenses and deferred charges

    beginning of year $27,989 · end of year $13,531

  • 10a · Land, buildings and equipment: cost or other basis

    $605,057

  • 10b · Land, buildings and equipment: accumulated depreciation

    $498,750

  • 10c · Land, buildings and equipment, net

    beginning of year $103,857 · end of year $106,307

  • 11 · Investments: publicly traded securities

    beginning of year $31,273,716 · end of year $32,494,570

  • 12 · Investments: other securities

    beginning of year $2,428,570 · end of year $2,427,513

  • 15 · Other assets

    beginning of year $7,570,735 · end of year $8,204,547

  • 17 · Accounts payable and accrued expenses

    beginning of year $360,763 · end of year $339,627

  • 19 · Deferred revenue

    beginning of year $142,921 · end of year $142,084

  • 27 · Net assets without donor restrictions

    beginning of year $43,122,845 · end of year $47,453,154

  • 28 · Net assets with donor restrictions

    beginning of year $157,213 · end of year $140,133

Mission and programs · 2024

Mission

SOUTH FLORIDA PUBLIC MEDIA GROUP, INC. DBA FRIENDS OF WLRN, INC. (THE "CORPORATION") WAS INCORPORATED ON JANUARY 22, 1974, UNDER THE LAWS OF THE STATE OF FLORIDA PURSUANT TO SECTION 617.0201 (4) OF THE FLORIDA NOT-FOR-PROFIT CORPORATION ACT WITH A PURPOSE TO SUPPORT AND ENHANCE THE PROGRAM SERVICES OF WLRN-FM 91.3, WKWM-FM 91.5, AND WLRN-TV CHANNEL 17 ("WLRN") AS WELL AS OTHER BROADCAST AND NON-BROADCAST SERVICES LICENSED TO AND/OR OPERATED BY THE SCHOOL BOARD OF MIAMI-DADE COUNTY, FLORIDA ("MDCPS"). ON JULY 1, 2022, THE CORPORATION AMENDED ITS PURPOSE TO BE FOR EDUCATIONAL AND CHARITABLE PURPOSES, SUCH AS TO OPERATE AND MANAGE NONCOMMERCIAL EDUCATIONAL RADIO AND TELEVISION STATIONS AND TO PROVIDE ASSISTANCE TO NONCOMMERCIAL PUBLICLY SUPPORTED BROADCASTING IN SOUTH FLORIDA, INCLUDING BROADCAST PROPERTIES LICENSED TO MDCPS OR LICENSED TO OR MANAGED BY THE CORPORATION.

Activities or mission (Part I)

THE CORPORATION IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES, WHICH PURPOSES INCLUDE - PROVIDING ASSISTANCE TO NONCOMMERCIAL PUBLICLY SUPPORTED BROADCASTING IN SOUTH FLORIDA, INCLUDING BROADCAST PROPERTIES LICENSED TO THE SCHOOL BOARD OF MIAMI-DADE COUNTY, FLORIDA OR LICENSED TO OR MANAGED BY THE CORPORATION AND OPERATING AND MANAGING NONCOMMERCIAL EDUCATIONAL RADIO STATIONS AND TELEVISIONS STATIONS LICENSED TO THE SCHOOL BOARD OF MIAMI-DADE COUNTY FLORIDA OR LICENSED TO OR MANAGED BY THE CORPORATION.

  • DURING THE YEAR, THE ORGANIZATION MANAGED WLRN TV AND WLRN RADIO ON BEHALF OF THE MIAMI-DADE COUNTY PUBLIC SCHOOLS, THE LICENSEE, ACCORDING TO A MEDIA MANAGEMENT AGREEMENT WHICH COMMENCED ON JULY 1, 2022. AS PART OF ITS MANAGEMENT OF THE STATIONS, THE ORGANIZATION GENERATED APPROXIMATELY $9,400,000 IN SUPPORT AND REVENUES WITH WHICH TO OPERATE THE STATIONS. THE ORGANIZATION UTILIZED THESE REVENUES PLUS OTHER FUNDS TO MAKE CONTRIBUTIONS TO COVER APPROXIMATELY $6,600,000 PROGRAMMING AND OPERATION EXPENSES PLUS $4,500,000 IN EXPENSES RELATED TO FUNDRAISING AND MARKETING FOR THE STATIONS. THESE AMOUNTS WERE USED BY THE ORGANIZATION EXCLUSIVELY TO FULFILL ITS TAX EXEMPT PURPOSE.

    Expenses $6,332,899 · Revenue $76,977

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Richard Rampell

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Cheryl Wilke

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Darren Stokes

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Robert McGrath

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Joseph Goldstein

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jaime Ortega

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kearey Wan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sidney Lazard

    DIRECTOR UNTIL 02/25

    Total calculated
    $0
    Hours/week
    1

  • Renee Johnson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michael Hernandez

    DIRECTOR UNTIL 02/25

    Total calculated
    $0
    Hours/week
    1

  • Christine Kotler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nikki Setnor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lydia Harrison

    DIRECTOR UNTIL 09/24

    Total calculated
    $0
    Hours/week
    1

  • Danny Espino

    DIRECTOR AS OF 09/24

    Total calculated
    $0
    Hours/week
    1

  • Yanelis Perez

    DIRECTOR AS OF 03/25

    Total calculated
    $0
    Hours/week
    1

  • John Labonia

    CEO

    Total calculated
    $351,341
    From this org
    $300,543
    From related orgs
    $0
    Other
    $50,798
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $300,543
    Bonus
    $0
    Other
    $0
    Deferred
    $32,102
    Nontaxable benefits
    $18,696
    Filer's total
    $351,341

  • Stephanie Vega

    CFO

    Total calculated
    $217,090
    From this org
    $172,542
    From related orgs
    $0
    Other
    $44,548
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $162,542
    Bonus
    $10,000
    Other
    $0
    Deferred
    $18,655
    Nontaxable benefits
    $25,893
    Filer's total
    $217,090

  • Sheila Reinken

    COO

    Total calculated
    $292,240
    From this org
    $248,354
    From related orgs
    $0
    Other
    $43,886
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $233,354
    Bonus
    $15,000
    Other
    $0
    Deferred
    $25,300
    Nontaxable benefits
    $18,586
    Filer's total
    $292,240

  • Sergio Bustos

    VICE-PRESIDENT OF NEWS

    Total calculated
    $185,715
    From this org
    $167,086
    From related orgs
    $0
    Other
    $18,629
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $164,086
    Bonus
    $3,000
    Other
    $0
    Deferred
    $17,909
    Nontaxable benefits
    $720
    Filer's total
    $185,715

  • Ross Cooper

    DIR OF CORP UNDERWRITING

    Total calculated
    $160,523
    From this org
    $143,259
    From related orgs
    $0
    Other
    $17,264
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $141,759
    Bonus
    $1,500
    Other
    $0
    Deferred
    $9,033
    Nontaxable benefits
    $8,231
    Filer's total
    $160,523

  • Thomas Hudson - Sr Eco

    EDITOR & SPECIAL CORRESPONDENT

    Total calculated
    $191,261
    From this org
    $144,115
    From related orgs
    $0
    Other
    $47,146
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $144,115
    Bonus
    $0
    Other
    $0
    Deferred
    $16,846
    Nontaxable benefits
    $30,300
    Filer's total
    $191,261

  • Timothy Padgett

    AMERICAS REPORTER

    Total calculated
    $159,086
    From this org
    $135,118
    From related orgs
    $0
    Other
    $23,968
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $135,118
    Bonus
    $0
    Other
    $0
    Deferred
    $15,017
    Nontaxable benefits
    $8,951
    Filer's total
    $159,086

  • Giselle Reid

    VP OF MARKETING & COMM.

    Total calculated
    $176,820
    From this org
    $133,983
    From related orgs
    $0
    Other
    $42,837
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $130,483
    Bonus
    $3,500
    Other
    $0
    Deferred
    $13,969
    Nontaxable benefits
    $28,868
    Filer's total
    $176,820

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
ALL NON-FIXED, DISCRETIONARY BONUSES WERE ACCRUED AND PAID DURING 2024. BONUS PAYOUTS ARE BASED ON INDIVIDUAL PERFORMANCE, INDIVIDUAL GOALS MET, AND GENERAL PERFORMANCE OF THE COMPANY. THE CEO'S BONUS IS DETERMINED BY THE COMPENSATION COMMITTEE OF THE BOARD. THE COO'S BONUS IS DETERMINED BY THE CEO. ALL OTHER BONUSES ARE TO THE COO AND CEO'S DISCRETION.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • SOUTH FLORIDA PUBLIC MEDIA CO

    SUPPORT WLRN · FL · income $4,336,725 · assets $0

    Directly controlled by SOUTH FLORIDA MEDIA GROUP INC

Provenance

Return type
form_990
Tax year
2024
Filed
16 April 2026
IRS schema version
2024v5.5
Source object
202641109349301009

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