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Nonprofiteer
← WSRE-TV FOUNDATION INC

Form 990 for tax year 2022

Filed by WSRE-TV FOUNDATION INC.

Totals

Total revenue
$1,155,695
Total expenses
$980,119
Contributions and grants received
$1,027,838
Grants paid
$0
Program service revenue
$0
Investment income
$97,538
Other revenue
$30,319
Total assets, end of year
$4,109,654
Total liabilities, end of year
$136,262
Net assets or fund balances, end of year
$3,973,392
Program services expenses (Part IX)
$413,252
Management and general expenses
$288,375
Fundraising expenses
$278,492
Program service expenses (Part III)
$413,252

Program services were 42.2% 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.

  • 1c · Fundraising events

    $32,268

  • 1f · All other contributions, gifts and grants

    $995,570

  • 1g · Noncash contributions included above

    $353,172

  • 3 · Investment income

    total $48,343 · excluded $48,343

  • 6a · Gross rents

    personal property $63,083

  • 6b · Less rental expenses

    personal property $32,939

  • 6c · Rental income or loss

    personal property $30,144

  • 6d · Net rental income or loss

    total $30,144 · unrelated business $30,144

  • 7a · Gross sales of assets other than inventory

    securities $591,170

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

    securities $541,975

  • 7c · Gain or loss

    securities $49,195

  • 7d · Net gain or loss

    total $49,195 · excluded $49,195

  • 8a · Fundraising events: gross income

    $15,650

  • 8a · Fundraising events: contributions included on line 1c

    $32,268

  • 8b · Fundraising events: direct expenses

    $15,475

  • 8c · Net income from fundraising events

    total $175 · excluded $175

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $2,197 · management and general $2,197

  • 11c · Fees: accounting

    total $36,000 · management and general $36,000

  • 11g · Fees: other

    total $400 · fundraising $400

  • 12 · Advertising and promotion

    total $15,128 · program services $13,519 · management and general $299 · fundraising $1,310

  • 13 · Office expenses

    total $19,524 · program services $10,070 · management and general $3,468 · fundraising $5,986

  • 14 · Information technology

    total $1,496 · program services $1,496

  • 17 · Travel

    total $18,618 · program services $10,449 · management and general $5,704 · fundraising $2,465

  • 22 · Depreciation, depletion and amortization

    total $34,849 · program services $34,467 · management and general $382

  • 23 · Insurance

    total $15,239 · program services $8,481 · management and general $6,365 · fundraising $393

  • 24a · Other expenses: TAXES

    total $12,091 · program services $7,075 · management and general $5,016

  • 24b · Other expenses: IN-KIND SALARIES

    total $353,172 · program services $39,682 · management and general $149,111 · fundraising $164,379

  • 24c · Other expenses: PROGRAM AQUISITIONS

    total $130,893 · program services $130,893

  • 24d · Other expenses: CONTRACTED SERVICES

    total $117,900 · program services $49,481 · management and general $27,393 · fundraising $41,026

  • 24e · All other expenses

    total $222,612 · program services $107,639 · management and general $52,440 · fundraising $62,533

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $731,860 · end of year $700,649

  • 2 · Savings and temporary cash investments

    beginning of year $258,878 · end of year $53,367

  • 3 · Pledges and grants receivable

    beginning of year $41,018 · end of year $41,018

  • 4 · Accounts receivable

    beginning of year $113,496 · end of year $42,565

  • 9 · Prepaid expenses and deferred charges

    beginning of year $44,707 · end of year $64,614

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

    $1,031,974

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

    $954,424

  • 10c · Land, buildings and equipment, net

    beginning of year $112,399 · end of year $77,550

  • 11 · Investments: publicly traded securities

    beginning of year $2,292,213 · end of year $2,809,714

  • 12 · Investments: other securities

    beginning of year $166,504 · end of year $295,177

  • 15 · Other assets

    beginning of year $25,000 · end of year $25,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $20,548 · end of year $19,439

  • 19 · Deferred revenue

    beginning of year $117,842 · end of year $116,823

  • 27 · Net assets without donor restrictions

    beginning of year $2,142,983 · end of year $2,382,761

  • 28 · Net assets with donor restrictions

    beginning of year $1,504,702 · end of year $1,590,631

Mission and programs · 2022

Mission

THE MISSION OF THE WSRE TV FOUNDATION IS TO RAISE FUNDS AND OTHERWISE SUPPORT THE ACTIVITIES, OPERATIONS AND CAPITAL NEEDS FOR WSRE-TV, A PUBLIC TELECOMMUNICATIONS STATION LICENSED BY THE FEDERAL COMMUNICATIONS COMMISSION. THE STATION IS LICENSED TO THE DISTRICT BOARD OF TRUSTEES OF PENSACOLA STATE COLLEGE AND FUNCTIONS OPERATIONALLY AS A DEPARTMENT OF PENSACOLA STATE COLLEGE. THE STATION IS AN AFFILIATED MEMBER OF THE PUBLIC BROADCASTING SERVICE.

Activities or mission (Part I)

THE FOUNDATION OPERATES AS A DIRECT SUPPORT ORGANIZATION FOR WSRE-TV. WSRE BROADCASTS EDUCATIONAL AND COMMUNITY ORIENTED PROGRAMS IN ASSOCIATION WITH PENSACOLA STATE COLLEGE.

  • 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 43,000 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.

    Expenses $413,252

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Lusharon Wiley EdD

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    1

  • John Adams

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Jarrod Dawson

    VICE CHAIR SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Laura Shaud

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Jill Hubbs

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Brent Videau

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Tyler Kercher

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Tiffany Washington

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Alea Williams

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kim Parker

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dr Pc Wu

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Amaris Bronner

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Lindsay Carpentier

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Amy Day

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Aimee Dumas

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jeanette Gatlin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Hal George

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Capt Sterling Gilliam

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Daniel Joyner

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Stephanie Powell

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • El Roche

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Julie Sheppard

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Carson Wilber

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
7 May 2024
IRS schema version
2022v5.0
Source object
202401349349303925

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