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Nonprofiteer
← FLORIDA WEST COAST PUBLIC BROADCASTING INC

Form 990 for tax year 2022

Filed by FLORIDA WEST COAST PUBLIC BROADCASTING INC.

Totals

Total revenue
$16,408,626
Total expenses
$12,625,430
Contributions and grants received
$13,169,673
Grants paid
$0
Program service revenue
$1,109,233
Investment income
$902,486
Other revenue
$1,227,234
Total assets, end of year
$43,374,029
Total liabilities, end of year
$1,866,174
Net assets or fund balances, end of year
$41,507,855
Program services expenses (Part IX)
$9,150,068
Management and general expenses
$1,403,364
Fundraising expenses
$2,071,998
Program service expenses (Part III)
$9,150,068

Program services were 72.5% 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.

  • 1e · Government grants (contributions)

    $2,624,782

  • 1f · All other contributions, gifts and grants

    $10,544,891

  • 1g · Noncash contributions included above

    $196,257

  • 2a · Program service revenue: LOCAL PROGRAM UNDERWRITING

    total $944,850 · related or exempt $913,410 · unrelated business $31,440

  • 2b · Program service revenue: TV PRODUCTION SERVICES

    total $164,383 · unrelated business $164,383

  • 3 · Investment income

    total $805,527 · excluded $805,527

  • 6a · Gross rents

    real property $252,876 · personal property $974,358

  • 6b · Less rental expenses

    real property $0 · personal property $0

  • 6c · Rental income or loss

    real property $252,876 · personal property $974,358

  • 6d · Net rental income or loss

    total $1,227,234 · unrelated business $974,358 · excluded $252,876

  • 7a · Gross sales of assets other than inventory

    securities $96,959

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

    securities $0

  • 7c · Gain or loss

    securities $96,959

  • 7d · Net gain or loss

    total $96,959 · excluded $96,959

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $840,708 · program services $581,888 · management and general $118,745 · fundraising $140,075

  • 7 · Other salaries and wages

    total $3,226,043 · program services $2,232,873 · management and general $455,661 · fundraising $537,509

  • 8 · Pension plan contributions

    total $119,041 · program services $82,393 · management and general $16,814 · fundraising $19,834

  • 9 · Other employee benefits

    total $291,733 · program services $201,920 · management and general $41,206 · fundraising $48,607

  • 10 · Payroll taxes

    total $397,661 · program services $275,237 · management and general $56,167 · fundraising $66,257

  • 11b · Fees: legal

    total $15,116 · program services $7,844 · management and general $6,291 · fundraising $981

  • 11c · Fees: accounting

    total $63,425 · program services $32,913 · management and general $26,398 · fundraising $4,114

  • 11f · Fees: investment management

    total $156,509 · management and general $156,509

  • 12 · Advertising and promotion

    total $618,402 · program services $222,877 · management and general $26,009 · fundraising $369,516

  • 13 · Office expenses

    total $697,641 · program services $461,038 · management and general $92,778 · fundraising $143,825

  • 16 · Occupancy

    total $480,857 · program services $381,427 · management and general $68,591 · fundraising $30,839

  • 17 · Travel

    total $142,262 · program services $86,379 · management and general $21,063 · fundraising $34,820

  • 22 · Depreciation, depletion and amortization

    total $606,965 · program services $511,189 · management and general $95,776

  • 23 · Insurance

    total $179,674 · program services $127,545 · management and general $47,785 · fundraising $4,344

  • 24a · Other expenses: BROADCAST SYSTEM MEMBER

    total $2,631,658 · program services $2,587,917 · management and general $43,491 · fundraising $250

  • 24b · Other expenses: CONTRACT SERVICES

    total $1,672,641 · program services $1,257,566 · management and general $130,080 · fundraising $284,995

  • 24c · Other expenses: MEMBERSHIP SERVICES

    total $485,094 · program services $99,062 · fundraising $386,032

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $185 · end of year $185

  • 2 · Savings and temporary cash investments

    beginning of year $1,124,602 · end of year $754,892

  • 3 · Pledges and grants receivable

    beginning of year $14,548 · end of year $87,929

  • 4 · Accounts receivable

    beginning of year $150,313 · end of year $167,431

  • 8 · Inventories for sale or use

    beginning of year $15,037 · end of year $11,096

  • 9 · Prepaid expenses and deferred charges

    beginning of year $157,758 · end of year $230,298

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

    $13,721,783

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

    $8,792,539

  • 10c · Land, buildings and equipment, net

    beginning of year $4,372,006 · end of year $4,929,244

  • 11 · Investments: publicly traded securities

    beginning of year $25,894,504 · end of year $33,005,766

  • 12 · Investments: other securities

    beginning of year $3,892,499 · end of year $4,135,899

  • 15 · Other assets

    beginning of year $60,383 · end of year $51,289

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,011,222 · end of year $1,736,557

  • 19 · Deferred revenue

    beginning of year $390,018 · end of year $122,500

  • 25 · Other liabilities

    beginning of year $7,117 · end of year $7,117

  • 27 · Net assets without donor restrictions

    beginning of year $28,438,568 · end of year $35,436,359

  • 28 · Net assets with donor restrictions

    beginning of year $5,834,910 · end of year $6,071,496

Mission and programs · 2022

Mission

THE MISSION OF WEDU IS TO EDUCATE, EXPLORE, AND ENGAGE TO INSPIRE A LIFETIME OF LEARNING AND DISCOVERY. WE AIM TO SERVE THE PUBLIC GOOD BY DELIVERING MULTIMEDIA CONTENT AND COMMUNITY OUTREACH THAT ENABLES OUR COMMUNITIES TO CONNECT, GROW, AND ACTIVELY (SEE SCHEDULE O) PARTICIPATE IN SHAPING THE FUTURE.

Activities or mission (Part I)

WEDU IS A PUBLIC MEDIA RESOURCE THAT USES STORYTELLING AND COMMUNITY (SEE SCHEDULE O, PAGE 40)ENGAGEMENT TO CREATE A MORE INFORMED PUBLIC.

  • WEDU STANDS AS THE LARGEST PBS STATION IN FLORIDA, BROADCASTING 52,560 HOURS OF COMMERCIAL-FREE TELEVISION EACH YEAR ACROSS SIX CHANNELS, REACHING 6.4 MILLION FLORIDIANS. ADDITIONALLY, WEDU ENGAGES AUDIENCES DIGITALLY THROUGH VIDEO STREAMING, DIGITAL AND SOCIAL MEDIA PLATFORMS, AND OFFERS EXTENSIVE EDUCATIONAL RESOURCES. THOUGHTFUL IN ITS STORYTELLING, WEDU AMPLIFIES LOCAL VOICES AND DELVES INTO TOPICS IMPACTING OUR COMMUNITY, COUNTRY, AND THE WORLD. BY BRINGING TOGETHER DIVERSE VOICES, WE FACILITATE CONVERSATIONS THROUGH EVENTS AND OUTREACH, ADDRESSING IMPORTANT ISSUES AND SPARKING DIALOGUE (SEE SCHEDULE O).WEDU'S DEDICATED FOCUS ON THE LOCAL COMMUNITY HAS EARNED THE STATION A REPUTATION AS A BEACON OF TRUST FOR INDIVIDUALS FROM ALL LEVELS OF SOCIETY, REGARDLESS OF AGE, ETHNICITY, OR SOCIO-ECONOMIC STATUS. WEDU IS A CHERISHED COMMUNITY RESOURCE, SERVING AS A WINDOW TO THE WORLD FOR THE HOMEBOUND AND A VITAL EDUCATIONAL SOURCE FOR THE YOUNGEST MEMBERS OF SOCIETY. IN 2023, OUR EFFORTS GARNERED CRITICAL ACCLAIM, WITH TEN SUNCOAST REGIONAL EMMY NOMINATIONS AND FOUR WINS, ALONG WITH THREE PRESTIGIOUS NETA PUBLIC MEDIA NOMINATIONS, INCLUDING A VICTORY FOR "LAST TO ASK. NOTABLY, WEDU PRODUCED COMPELLING PROGRAMS SUCH AS A HISTORICAL EXPLORATION OF SARASOTA IN "THE SARASOTA EXPERIENCE," A RIVETING ACCOUNT OF THE TAMPA BAY RAYS IN "RISE OF THE RAYS, AND DIGITAL CONTENT FROM OUR ENVIRONMENTALLY FOCUSED SUSTAIN INITIATIVE.WEDU'S EDUCATION PROGRAMMING AND OUTREACH INITIATIVES FOR PK-12 STUDENTS CONTINUE TO STAND AS A TRUSTED RESOURCE FOR PARENTS AND EDUCATORS.

    Expenses $9,150,068 · Revenue $913,410

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

Listed in Part VII

  • Alan C Bomstein

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Garrett Shinn

    BOARD TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Jeff Sparling

    BOARD VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Jennifer Williams

    BOARD SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Suzanne Oaks Brownstein

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Jean Martin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Danielle Drummond

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Scott Gault

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Bob Calafell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Brian A Butler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Claude Macari

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Elizabeth Sembler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Devanand Mangar

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jon Philipson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Heidi Shimberg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • James H Bennett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Benson Riseman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Patty Suarez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • George Miles Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Kevin Plummer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Patricia Douglas

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Richard Dobkin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Samuel Samelson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Susan S Craig

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Thomas Dupont

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Tony Coleman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Walt Engle

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Richard Rivera

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Robert Gough

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Nancy Hale Hoyt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Cathy Unruh

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Lori Baggett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Paul Grove

    PRESIDENT & CEO

    Total calculated
    $314,412
    From this org
    $280,121
    From related orgs
    $0
    Other
    $34,291
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $274,121
    Bonus
    $0
    Other
    $6,000
    Deferred
    $10,676
    Nontaxable benefits
    $23,615
    Filer's total
    $314,412

  • Debra Friedberg

    CFO

    Total calculated
    $150,517
    From this org
    $143,463
    From related orgs
    $0
    Other
    $7,054
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $143,463
    Bonus
    $0
    Other
    $0
    Deferred
    $5,663
    Nontaxable benefits
    $1,391
    Filer's total
    $150,517

  • John H Conely Jr

    SENIOR VP OF OPERATIONS

    Total calculated
    $157,361
    From this org
    $140,556
    From related orgs
    $0
    Other
    $16,805
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $140,556
    Bonus
    $0
    Other
    $0
    Deferred
    $5,664
    Nontaxable benefits
    $11,141
    Filer's total
    $157,361

  • Arden Robbins

    VP OF MARKETING AND COMMUN

    Total calculated
    $137,992
    From this org
    $132,822
    From related orgs
    $0
    Other
    $5,170
    Hours/week
    50

  • Claire O'Connor Solomon

    SENIOR VP OF DEVELOPMENT

    Total calculated
    $158,201
    From this org
    $143,746
    From related orgs
    $0
    Other
    $14,455
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $143,746
    Bonus
    $0
    Other
    $0
    Deferred
    $3,285
    Nontaxable benefits
    $11,170
    Filer's total
    $158,201

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 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
18 April 2024
IRS schema version
2022v5.0
Source object
202431109349300103

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