Form 990 for tax year 2022
Filed by PALM BEACH POLICE FOUNDATION INC.
Totals
- Total revenue
- $5,207,707
- Total expenses
- $3,058,656
- Contributions and grants received
- $5,418,472
- Grants paid
- $1,438,681
- Program service revenue
- $0
- Investment income
- $288,199
- Other revenue
- -$498,964
- Total assets, end of year
- $16,159,222
- Total liabilities, end of year
- $395,954
- Net assets or fund balances, end of year
- $15,763,268
- Program services expenses (Part IX)
- $2,170,952
- Management and general expenses
- $606,366
- Fundraising expenses
- $281,338
- Program service expenses (Part III)
- $2,170,952
Program services were 71.0% 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
$773,188
-
1c · Fundraising events
$1,733,051
-
1f · All other contributions, gifts and grants
$2,912,233
-
1g · Noncash contributions included above
$142,963
-
3 · Investment income
total $335,467 · excluded $335,467
-
7a · Gross sales of assets other than inventory
securities $4,065,953
-
7b · Less cost or other basis and sales expenses
securities $4,113,221
-
7c · Gain or loss
securities -$47,268
-
7d · Net gain or loss
total -$47,268 · excluded -$47,268
-
8a · Fundraising events: gross income
$437,720
-
8a · Fundraising events: contributions included on line 1c
$1,733,051
-
8b · Fundraising events: direct expenses
$936,684
-
8c · Net income from fundraising events
total -$498,964 · excluded -$498,964
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $153,102 · program services $153,102
-
2 · Grants to domestic individuals
total $1,285,579 · program services $1,285,579
-
7 · Other salaries and wages
total $296,671 · program services $118,668 · management and general $59,335 · fundraising $118,668
-
8 · Pension plan contributions
total $14,283 · program services $5,713 · management and general $2,857 · fundraising $5,713
-
9 · Other employee benefits
total $19,852 · program services $7,941 · management and general $3,970 · fundraising $7,941
-
10 · Payroll taxes
total $23,113 · program services $9,245 · management and general $4,623 · fundraising $9,245
-
11b · Fees: legal
total $9,090 · management and general $9,090
-
11c · Fees: accounting
total $35,838 · management and general $35,838
-
11f · Fees: investment management
total $64,360 · management and general $64,360
-
11g · Fees: other
total $81,207 · program services $13,982 · management and general $11,297 · fundraising $55,928
-
12 · Advertising and promotion
total $181,903 · program services $118,237 · fundraising $63,666
-
13 · Office expenses
total $252,847 · program services $736 · management and general $240,651 · fundraising $11,460
-
16 · Occupancy
total $39,934 · program services $4,792 · management and general $27,155 · fundraising $7,987
-
22 · Depreciation, depletion and amortization
total $75,379 · management and general $75,379
-
23 · Insurance
total $6,352 · management and general $6,352
-
24a · Other expenses: Membership
total $326,988 · program services $269,738 · management and general $57,250
-
24b · Other expenses: Comunity Development an
total $188,509 · program services $182,854 · management and general $5,655
-
24c · Other expenses: Repairs and Maintenance
total $3,649 · program services $365 · management and general $2,554 · fundraising $730
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $949,475 · end of year $629,118
-
3 · Pledges and grants receivable
beginning of year $492,666 · end of year $532,559
-
9 · Prepaid expenses and deferred charges
beginning of year $219,865 · end of year $209,056
-
10a · Land, buildings and equipment: cost or other basis
$410,841
-
10b · Land, buildings and equipment: accumulated depreciation
$257,481
-
10c · Land, buildings and equipment, net
beginning of year $225,309 · end of year $153,360
-
11 · Investments: publicly traded securities
beginning of year $10,666,025 · end of year $14,289,196
-
15 · Other assets
beginning of year $0 · end of year $345,933
-
17 · Accounts payable and accrued expenses
beginning of year $32,604 · end of year $45,003
-
19 · Deferred revenue
beginning of year $30,000 · end of year $1,000
-
25 · Other liabilities
beginning of year $0 · end of year $349,951
-
27 · Net assets without donor restrictions
beginning of year $12,044,222 · end of year $14,689,280
-
28 · Net assets with donor restrictions
beginning of year $446,514 · end of year $1,073,988
Mission and programs · 2022
Mission
The PBPFF is a charitable organization that supports the Town of Palm Beach First Responders and the local community at large with education, equipment and advocacy; empowering peace of mind with the knowledge that their families and futures are safe and supported. The Foundation pursues this mission by actively engaging in initiatives and programs approved by the Board Directors, including but not limited to: Scholarships for the education of children of police and fire personnel, Supplemental equipment and training, Emergency assistance to police and fire personnel in need, Providing Public Safety training and education to the community at large, and by advocating for and promoting community wide support for the police and fire personnel of the Town of Palm Beach.
Activities or mission (Part I)
The PBPFF is a charitable organization that supports the Town of (continued on Schedule O)Palm Beach First Responders and the local community at large with education, equipment and advocacy; empowering peace of mind with the knowledge that their families and futures are safe and supported.
-
Higher Education Scholarships - This program provides scholarships to qualified children of sworn officers, firefighters and civilian employees of the Palm Beach Police and Fire Rescue Departments. Over the past year, the Foundation awarded higher education scholarships to 33 qualified children, totaling $318,000. Emergency Financial Assistance - This program offers emergency financial assistance to officers and firefighters injured or disabled in the line of duty, or suffering from other personal emergencies or financial crisis.Police and Fire Rescue Dept Supplements - (continued on Schedule O) This program provides supplementary funding to the police and fire rescue departments for additional training, equipment and other unfunded needs, and grants to officers and firefighters to attend events or in times of need.Preston Bernick Retention Program - the Palm Beach Police & Fire Foundation makes an annual contribution to the Palm Beach First Responders Foundation to fund the Preston Bernick Retention plan, a qualified retirement plan built to encourage recruitment and retention for the Palm Beach Police and Fire Rescue Departments.
Expenses $2,170,952 · Grants $1,438,681
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
John F Scarpa
CEO & Chairman
- Total calculated
- $0
- Hours/week
- 20
-
Timothy Moran
President
- Total calculated
- $0
- Hours/week
- 20
-
David S Mack
Vice President
- Total calculated
- $0
- Hours/week
- 5
-
Michael Belisle
1st Vice President
- Total calculated
- $0
- Hours/week
- 20
-
Annie Falk
Asst. Secretary/Treasurer
- Total calculated
- $0
- Hours/week
- 5
-
Howard B Bernick
Director
- Total calculated
- $0
- Hours/week
- 1
-
E Llwyd Ecclestone
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mark E Freitas
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jeff Greene
Director
- Total calculated
- $0
- Hours/week
- 1
-
Lawrence Herbert
Director
- Total calculated
- $0
- Hours/week
- 5
-
John W Jordan II
Director
- Total calculated
- $0
- Hours/week
- 1
-
Michele Kessler
Director
- Total calculated
- $0
- Hours/week
- 5
-
William I Koch
Director
- Total calculated
- $0
- Hours/week
- 1
-
David Levinson
Director
- Total calculated
- $0
- Hours/week
- 10
-
Jeffrey A Marcus
Director
- Total calculated
- $0
- Hours/week
- 5
-
John WS Preston
Director
- Total calculated
- $0
- Hours/week
- 5
-
Thomas C Quick
Director
- Total calculated
- $0
- Hours/week
- 1
-
Herb Shear
Director
- Total calculated
- $0
- Hours/week
- 1
-
Rebecca Torres
Executive Director
- Total calculated
- $134,517
- From this org
- $134,517
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
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.
Grants on this return
-
Palm Beach Police Department
$65,533
Replacement guns for Palm Beach Police.
-
Town Of Palm Beach
$50,000
For enhancement of camera system.
-
Town Of Palm Beach
$37,569
Elegard Stretchers for Palm Beach Fire Rescue (paid to the Town).
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 24 April 2024
- IRS schema version
- 2022v5.0
- Source object
- 202421229349301242
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