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Nonprofiteer
← SOUTH FLORIDA PUBLIC MEDIA GROUP INC

Form 990 for tax year 2023

Filed by SOUTH FLORIDA PUBLIC MEDIA GROUP INC.

Totals

Total revenue
$13,495,542
Total expenses
$11,258,092
Contributions and grants received
$9,235,758
Grants paid
$0
Program service revenue
$0
Investment income
$2,451,658
Other revenue
$1,808,126
Total assets, end of year
$43,783,742
Total liabilities, end of year
$503,684
Net assets or fund balances, end of year
$43,280,058
Program services expenses (Part IX)
$6,630,279
Management and general expenses
$1,316,422
Fundraising expenses
$3,311,391
Program service expenses (Part III)
$6,630,279

Program services were 58.9% 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

    $4,942,099

  • 1f · All other contributions, gifts and grants

    $4,293,659

  • 3 · Investment income

    total $812,811 · excluded $812,811

  • 5 · Royalties

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

  • 7a · Gross sales of assets other than inventory

    securities $10,010,195

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

    securities $8,371,348

  • 7c · Gain or loss

    securities $1,638,847

  • 7d · Net gain or loss

    total $1,638,847 · excluded $1,638,847

  • 11a · Other revenue: OTHER INCOME

    total $40,126 · related or exempt $40,126

  • 11e · Other revenue, total

    $40,126

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $855,642 · program services $513,385 · management and general $171,129 · fundraising $171,128

  • 7 · Other salaries and wages

    total $4,568,334 · program services $2,804,018 · management and general $510,903 · fundraising $1,253,413

  • 8 · Pension plan contributions

    total $435,103 · program services $267,610 · management and general $61,475 · fundraising $106,018

  • 9 · Other employee benefits

    total $493,417 · program services $265,861 · management and general $75,775 · fundraising $151,781

  • 10 · Payroll taxes

    total $389,874 · program services $234,619 · management and general $53,205 · fundraising $102,050

  • 11b · Fees: legal

    total $68,520 · program services $20,357 · management and general $48,163

  • 11f · Fees: investment management

    total $126,950 · management and general $126,950

  • 11g · Fees: other

    total $673,018 · program services $276,028 · management and general $70,693 · fundraising $326,297

  • 12 · Advertising and promotion

    total $240,538 · fundraising $240,538

  • 13 · Office expenses

    total $106,365 · program services $19,767 · management and general $25,413 · fundraising $61,185

  • 14 · Information technology

    total $441,984 · program services $248,716 · management and general $32,124 · fundraising $161,144

  • 16 · Occupancy

    total $271,015 · program services $206,423 · management and general $43,994 · fundraising $20,598

  • 17 · Travel

    total $41,608 · program services $26,937 · management and general $8,703 · fundraising $5,968

  • 19 · Conferences, conventions and meetings

    total $67,636 · program services $23,816 · management and general $10,385 · fundraising $33,435

  • 22 · Depreciation, depletion and amortization

    total $13,091 · program services $3,918 · management and general $3,144 · fundraising $6,029

  • 23 · Insurance

    total $38,851 · program services $27,948 · management and general $3,634 · fundraising $7,269

  • 24a · Other expenses: PROGRAM ACQUISITION

    total $1,154,987 · program services $1,142,387 · fundraising $12,600

  • 24b · Other expenses: BAD DEBT EXPENSE

    total $313,971 · fundraising $313,971

  • 24c · Other expenses: AUDIENCE RESEARCH

    total $215,198 · program services $215,198

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

    total $171,864 · management and general $18,278 · fundraising $153,586

  • 24e · All other expenses

    total $570,126 · program services $333,291 · management and general $52,454 · fundraising $184,381

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $649,069 · end of year $599,127

  • 2 · Savings and temporary cash investments

    beginning of year $274,063 · end of year $168,118

  • 3 · Pledges and grants receivable

    beginning of year $1,078,255 · end of year $1,220,058

  • 4 · Accounts receivable

    beginning of year $472,220 · end of year $391,572

  • 9 · Prepaid expenses and deferred charges

    beginning of year $14,656 · end of year $27,989

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

    $565,594

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

    $461,737

  • 10c · Land, buildings and equipment, net

    beginning of year $17,305 · end of year $103,857

  • 11 · Investments: publicly traded securities

    beginning of year $27,597,644 · end of year $31,273,716

  • 12 · Investments: other securities

    beginning of year $2,431,523 · end of year $2,428,570

  • 15 · Other assets

    beginning of year $7,589,276 · end of year $7,570,735

  • 17 · Accounts payable and accrued expenses

    beginning of year $316,765 · end of year $360,763

  • 19 · Deferred revenue

    beginning of year $168,821 · end of year $142,921

  • 27 · Net assets without donor restrictions

    beginning of year $39,427,106 · end of year $43,122,845

  • 28 · Net assets with donor restrictions

    beginning of year $211,319 · end of year $157,213

Mission and programs · 2023

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. THE ORGANIZATION COMPLETED A STRATEGY PLAN WITH GOALS TO GROW AWARENESS AND REACH AND TO INCREASE FINANCIAL SUPPORT. DURING THE YEAR, THE ORGANIZATION RAISED APPROXIMATELY $9,400,000 AND MADE GRANTS OF APPROXIMATELY $2,500,000 TO WLRN-TV AND WLRN-FM RADIO STATIONS, BOTH OF WHICH ARE OWNED BY THE MIAMI-DADE COUNTY SCHOOL BOARD. IN ADDITION TO THE GRANTS, THE ORGANIZATION PAID APPROXIMATELY $4,300,000 IN EXPENSES TO SOUTH FLORIDA PUBLIC MEDIA COMPANY IN ORDER TO SUPPORT WLRN NEWS ACTIVITIES. THESE AMOUNTS WERE USED BY THE STATIONS EXCLUSIVELY FOR CARRYING OUT THEIR EXEMPT PURPOSE.

    Expenses $6,630,279

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Joseph Goldstein

    CHAIR TILL 12/23 THEN DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Robert McGrath

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Cheryl Wilke

    SECRETARY TILL 12/23 THEN VICE-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Renee Johnson

    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

    Total calculated
    $0
    Hours/week
    1

  • Darren Stokes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lydia Harrison

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Richard Rampell

    VICE CHAIR TILL 12/23 THEN CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Michael Hernandez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Christine Kotler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Monica Colucci

    DIRECTOR AS OF 12/23 TILL 06/24

    Total calculated
    $0
    Hours/week
    1

  • Nikki Setnor

    DIRECTOR AS OF 04/24

    Total calculated
    $0
    Hours/week
    1

  • John Labonia

    CEO

    Total calculated
    $332,899
    From this org
    $285,144
    From related orgs
    $0
    Other
    $47,755
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $285,144
    Bonus
    $0
    Other
    $0
    Deferred
    $29,923
    Nontaxable benefits
    $17,832
    Filer's total
    $332,899

  • Stephanie Vega

    CFO

    Total calculated
    $196,974
    From this org
    $156,765
    From related orgs
    $0
    Other
    $40,209
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $148,405
    Bonus
    $8,000
    Other
    $360
    Deferred
    $17,449
    Nontaxable benefits
    $22,760
    Filer's total
    $196,974

  • Sheila Reinken

    COO

    Total calculated
    $274,891
    From this org
    $233,093
    From related orgs
    $0
    Other
    $41,798
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $220,593
    Bonus
    $12,500
    Other
    $0
    Deferred
    $24,058
    Nontaxable benefits
    $17,740
    Filer's total
    $274,891

  • Sergio Bustos

    VICE-PRESIDENT OF NEWS

    Total calculated
    $157,950
    From this org
    $149,039
    From related orgs
    $0
    Other
    $8,911
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $148,679
    Bonus
    $0
    Other
    $360
    Deferred
    $8,058
    Nontaxable benefits
    $853
    Filer's total
    $157,950

  • Ross Cooper

    DIR OF CORP UNDERWRITING

    Total calculated
    $165,633
    From this org
    $145,806
    From related orgs
    $0
    Other
    $19,827
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $145,056
    Bonus
    $750
    Other
    $0
    Deferred
    $8,560
    Nontaxable benefits
    $11,267
    Filer's total
    $165,633

  • Douglas Petersen

    CHIEF ENGINEER

    Total calculated
    $164,128
    From this org
    $139,768
    From related orgs
    $0
    Other
    $24,360
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $134,768
    Bonus
    $5,000
    Other
    $0
    Deferred
    $14,808
    Nontaxable benefits
    $9,552
    Filer's total
    $164,128

  • Timothy Padgett

    AMERICAS REPORTER

    Total calculated
    $157,416
    From this org
    $132,852
    From related orgs
    $0
    Other
    $24,564
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $132,492
    Bonus
    $360
    Other
    $0
    Deferred
    $15,220
    Nontaxable benefits
    $9,344
    Filer's total
    $157,416

  • Carolina Flood

    CORPORATE MARKETING REP

    Total calculated
    $148,884
    From this org
    $125,612
    From related orgs
    $0
    Other
    $23,272
    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. 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 2023. 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 $4,319,636 · assets $0

    Directly controlled by SOUTH FLORIDA MEDIA GROUP INC

Provenance

Return type
form_990
Tax year
2023
Filed
25 February 2025
IRS schema version
2023v6.0
Source object
202510569349300436

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