Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1a · Federated campaigns

  $0

• 1b · Membership dues

  $0

• 1c · Fundraising events

  $0

• 1d · Related organizations

  $5,836,076

• 1e · Government grants (contributions)

  $293,391

• 1f · All other contributions, gifts and grants

  $45,315,253

• 1g · Noncash contributions included above

  $11,075,776

• 2f · All other program service revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 3 · Investment income

  total $1,450,523 · excluded $1,450,523

• 6c · Rental income or loss

  real property $0 · personal property $0

• 7a · Gross sales of assets other than inventory

  securities $12,158,669

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

  securities $11,400,138

• 7c · Gain or loss

  securities $758,531 · other assets $0

• 7d · Net gain or loss

  total $758,531 · excluded $758,531

• 11d · All other revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 11e · Other revenue, total

  $0

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $34,407,244 · program services $34,407,244

• 5 · Compensation of officers, directors and key employees

  total $438,304 · management and general $219,152 · fundraising $219,152

• 7 · Other salaries and wages

  total $2,393,788 · management and general $493,408 · fundraising $1,900,380

• 8 · Pension plan contributions

  total $145,984 · management and general $35,539 · fundraising $110,445

• 9 · Other employee benefits

  total $217,463 · management and general $46,281 · fundraising $171,182

• 10 · Payroll taxes

  total $198,930 · management and general $41,956 · fundraising $156,974

• 11b · Fees: legal

  total $43,790 · management and general $43,790

• 11c · Fees: accounting

  total $36,142 · management and general $36,142

• 11e · Fees: professional fundraising services

  total $55,499 · fundraising $55,499

• 11f · Fees: investment management

  total $126,142 · management and general $126,142

• 11g · Fees: other

  total $99,340 · program services $0 · management and general $99,340 · fundraising $0

• 12 · Advertising and promotion

  total $43,242 · fundraising $43,242

• 13 · Office expenses

  total $54,763 · management and general $54,763

• 14 · Information technology

  total $55,766 · management and general $55,766

• 16 · Occupancy

  total $155,243 · management and general $38,193 · fundraising $117,050

• 17 · Travel

  total $92,635 · management and general $18,527 · fundraising $74,108

• 19 · Conferences, conventions and meetings

  total $31,033 · management and general $8,065 · fundraising $22,968

• 20 · Interest

  total $85 · management and general $85

• 22 · Depreciation, depletion and amortization

  total $81,455 · management and general $81,455

• 24a · Other expenses: Doubtful Contributions Receivable Expense

  total $125,420 · management and general $125,420

• 24b · Other expenses: Credit Card and Bank Fees

  total $22,584 · management and general $22,584

• 24c · Other expenses: Miscellaneous

  total $2,601 · management and general $2,601

• 24d · Other expenses: Penalties and Fines

  total $969 · management and general $969

• 24e · All other expenses

  total $0 · program services $265,868 · management and general -$265,868 · fundraising $0

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,193,907 · end of year $1,286,997

• 2 · Savings and temporary cash investments

  beginning of year $9,640,757 · end of year $22,202,076

• 3 · Pledges and grants receivable

  beginning of year $10,304,283 · end of year $7,346,943

• 5 · Loans and receivables from officers and key people

  end of year $0

• 6 · Loans and receivables from disqualified persons

  end of year $0

• 9 · Prepaid expenses and deferred charges

  beginning of year $10,499 · end of year $8,113

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

  $244,365

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

  $125,753

• 10c · Land, buildings and equipment, net

  beginning of year $200,068 · end of year $118,612

• 11 · Investments: publicly traded securities

  beginning of year $25,155,883 · end of year $34,317,761

• 12 · Investments: other securities

  beginning of year $0

• 13 · Investments: program-related

  beginning of year $0

• 15 · Other assets

  beginning of year $3,000,000 · end of year $5,980,138

• 17 · Accounts payable and accrued expenses

  beginning of year $834,197 · end of year $621,674

• 18 · Grants payable

  beginning of year $11,006,046 · end of year $15,232,926

• 21 · Escrow or custodial account liability

  beginning of year $366,555 · end of year $239,401

• 22 · Loans and payables to officers and key people

  end of year $0

• 25 · Other liabilities

  beginning of year $3,134,161 · end of year $4,290,127

• 27 · Net assets without donor restrictions

  beginning of year $26,531,846 · end of year $42,579,579

• 28 · Net assets with donor restrictions

  beginning of year $7,632,592 · end of year $8,296,933

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation

THE EXECUTIVE DIRECTOR IS COMPENSATED SOLELY BY THE PBS FOUNDATION. THE RELATED ORGANIZATION, PBS, USES A THIRD-PARTY CONSULTANT WHO IS A COMPENSATION EXPERT TO PROVIDE COMPARABILITY DATA FOR THE FOUNDATION'S EXECUTIVE DIRECTOR POSITION EACH YEAR. THE PBS CHIEF OPERATING OFFICER WORKING WITH THE HUMAN RESOURCE DEPARTMENT AND USING THIS COMPARABILITY DATA, MAKES A COMPENSATION RECOMMENDATION FOR THE FOUNDATION'S EXECUTIVE DIRECTOR POSITION. THE CHIEF EXECUTIVE OFFICER REVIEWS AND APPROVES THE RECOMMENDATION MADE BY THE CHIEF OPERATING OFFICER. THE FOUNDATION'S CHIEF EXECUTIVE OFFICER IS NOT COMPENSATED BY THE FILING ORGANIZATION.

Schedule J, Part I, Line 4a Severance or change-of-control payment

THE FORMER EMPLOYEES SHOWN BELOW RECEIVED SEVERANCE PAYMENTS IN CALENDAR 2024 ON TERMS CONSISTENT WITH STANDARDS IN THE INDUSTRY. Former VP & Deputy Director, PBS Foundation, Idalia Ramos received severance $97,376 Former Sr. Director, Principal Gifts, Carrie Scott received severance $89,583

Schedule J, Part I, Line 7 Non-fixed payments

BONUSES ARE DISCRETIONARY AND DETERMINED ON AN ANNUAL BASIS BY THE PRESIDENT AND APPROVAL OF THE BOARD OF DIRECTORS.