Civic Intelligence

Sfpbs Foundation Inc

EIN 59-2141826 • 501(c)3 • Boynton Beach, FL

Profile

Wpbt communications foundation, inc. Exists to provide financial support to community television foundation of south florida, inc. Which operates wpbt channel 2, the public television station (pbs) serving south florida. Wpbt channel 2 is a vibrant force that entertains, enlightens and educates. Its content changes lives, inspires trust and makes a difference. We reflect the diversity of the region in which we live and work.

3401 S Congress AvenueBoynton Beach, FL 33426

www.wpbt2.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

17th percentile

0.03x

Higher debt load relative to assets than 17% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

61st percentile

0.51x

Higher debt load relative to revenue than 61% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Net Margin

99th percentile

97%

Higher net margin than 99% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

78th percentile

$648,356

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 16.3% of source-year revenue.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Asset Growth

20th percentile

-1.9%

Faster asset growth than 20% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

4th percentile

-47%

Faster revenue growth than 4% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets17th percentile

Assets

Down

$76,650,795

Down $1,487,930 (-1.9%) from 2023

Liabilities

Down

$2,008,862

Down $44,717 (-2.2%) from 2023

Net Assets

Down

$74,641,933

Down $1,443,213 (-1.9%) from 2023

Operations
Liabilities / Revenue61st percentileNet Margin99th percentile

Revenue

Down

$3,972,046

Down $3,489,647 (-47%) from 2023

Expenses

Down

$107,879

Down $486,565 (-82%) from 2023

Net Income

Down

$3,864,167

Down $3,003,082 (-44%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth20th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$80M$60M$40M$20M$0Assets 2011: $25,905,929Liabilities 2011: $3,828,148Net Assets 2011: $22,077,7812011Assets 2012: $20,188,311Liabilities 2012: $3,653,386Net Assets 2012: $16,534,9252012Assets 2013: $22,890,552Liabilities 2013: $5,077,260Net Assets 2013: $17,813,1922013Assets 2014: $21,670,000Liabilities 2014: $3,404,697Net Assets 2014: $18,265,3032014Assets 2015: $21,808,505Liabilities 2015: $3,331,525Net Assets 2015: $18,476,9802015Assets 2016: $20,312,396Liabilities 2016: $2,640,089Net Assets 2016: $17,672,3072016Assets 2017: $18,612,623Liabilities 2017: $1,308,777Net Assets 2017: $17,303,8462017Assets 2018: $17,815,540Liabilities 2018: $4,137,881Net Assets 2018: $13,677,6592018Assets 2019: $16,568,360Liabilities 2019: $2,102,024Net Assets 2019: $14,466,3362019Assets 2020: $17,966,286Liabilities 2020: $2,002,797Net Assets 2020: $15,963,4892020Assets 2021: $24,274,591Liabilities 2021: $2,336,775Net Assets 2021: $21,937,8162021Assets 2022: $66,145,113Liabilities 2022: $2,098,773Net Assets 2022: $64,046,3402022Assets 2023: $78,138,725Liabilities 2023: $2,053,579Net Assets 2023: $76,085,1462023Assets 2024: $76,650,795Liabilities 2024: $2,008,862Net Assets 2024: $74,641,9332024

Highlighted filing

2024

Assets$76,650,795
Liabilities$2,008,862
Net Assets$74,641,933
Open 2024 Filing

Operations Trend

Revenue Growth4th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$80M$60M$40M$20M$0-$20MRevenue 2011: $1,271,359Expenses 2011: $1,672,232Net Income 2011: -$400,8732011Revenue 2012: $972,174Expenses 2012: $6,518,014Net Income 2012: -$5,545,8402012Revenue 2013: $932,529Expenses 2013: $1,732,194Net Income 2013: -$799,6652013Revenue 2014: $3,478,274Expenses 2014: $3,773,084Net Income 2014: -$294,8102014Revenue 2015: $2,900,751Expenses 2015: $1,694,148Net Income 2015: $1,206,6032015Revenue 2016: $2,291,980Expenses 2016: $1,827,710Net Income 2016: $464,2702016Revenue 2017: $1,784,811Expenses 2017: $2,177,869Net Income 2017: -$393,0582017Revenue 2018: $912,334Expenses 2018: $4,792,662Net Income 2018: -$3,880,3282018Revenue 2019: $4,028,249Expenses 2019: $159,762Net Income 2019: $3,868,4872019Revenue 2020: $1,848,782Expenses 2020: $174,455Net Income 2020: $1,674,3272020Revenue 2021: $2,938,318Expenses 2021: $162,717Net Income 2021: $2,775,6012021Revenue 2022: $62,468,834Expenses 2022: $146,680Net Income 2022: $62,322,1542022Revenue 2023: $7,461,693Expenses 2023: $594,444Net Income 2023: $6,867,2492023Revenue 2024: $3,972,046Expenses 2024: $107,879Net Income 2024: $3,864,1672024

Highlighted filing

2024

Revenue$3,972,046
Expenses$107,879
Net Income$3,864,167
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$76,650,795
Liabilities
$2,008,862
Net assets
$74,641,933
Revenue
$3,972,046
Expenses
$107,879
Net income
$3,864,167
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$76.7$2.01$74.6$3.97$0.11$3.86
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$78.1$2.05$76.1$7.46$0.59$6.87
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$66.1$2.10$64.0$62.5$0.15$62.3
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$24.3$2.34$21.9$2.94$0.16$2.78
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$18.0$2.00$16.0$1.85$0.17$1.67
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.6$2.10$14.5$4.03$0.16$3.87
2018Summary only. Only limited summary data is available for this year.$17.8$4.14$13.7$0.91$4.79$3.88
2017Detailed filing. Detailed filing data is available for this year.$18.6$1.31$17.3$1.78$2.18$0.39
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$20.3$2.64$17.7$2.29$1.83$0.46
2015Detailed filing. Detailed filing data is available for this year.$21.8$3.33$18.5$2.90$1.69$1.21
2014Detailed filing. Detailed filing data is available for this year.$21.7$3.40$18.3$3.48$3.77$0.29
2013Summary only. Only limited summary data is available for this year.$22.9$5.08$17.8$0.93$1.73$0.80
2012Summary only. Only limited summary data is available for this year.$20.2$3.65$16.5$0.97$6.52$5.55
2011Summary only. Only limited summary data is available for this year.$25.9$3.83$22.1$1.27$1.67$0.40
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 14, 2025
Return Version
2023v6.0
Gross Receipts
$21,813,223
Mission and Program Overview

Mission

Sfpbs foundation, inc. Exists to provide financial support to south florida pbs, inc. Which operates wpbt on channel 2 and wxel on channel 42, televising to the seven-county south florida service area. Wpbt is a vibrant force in the south florida community that entertains, enlightens, and educates. Our content changes lives, inspires trust, and makes a difference. We reflect the diversity of the region in which we live and work. Wxel was formed to use telecommunications and broadband technology to serve the community through excellence in programming.

Sfpbs foundation, inc. Exists to provide financial support to south florida pbs, inc., which operates wpbt on channel 2 and wxel on channel 42, televising to the seven-county south florida service area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$73,900,142$74,493,141▲ $592,999
Savings and Temporary Cash Investments$676,973$1,126,188▲ $449,215
Pledges and Grants Receivable$1,525,213$233,435▼ $1,291,778
Cash and Non-Interest-Bearing Accounts$75,880$84,761▲ $8,881
Prepaid Expenses and Deferred Charges$14,640$15,352▲ $712
Total Assets$78,138,725$76,650,795▼ $1,487,930
Other Assets Total$1,945,877$697,918▼ $1,247,959
Liabilities
Other Liabilities$2,053,579$2,008,862▼ $44,717
Total Liabilities$2,053,579$2,008,862▼ $44,717
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$64,272,971$62,873,273▼ $1,399,698
Net Assets With Donor Restrictions$11,812,175$11,768,660▼ $43,515
Total Net Assets Fund Balance$76,085,146$74,641,933▼ $1,443,213
Total Liabilities and Net Assets / Fund Balance$78,138,725$76,650,795▼ $1,487,930

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$76,085,146$1,832,402▲ $4,344,187-$74,641,933
2022$64,046,340$4,403,068▲ $18,045,535-$76,085,146
2021$21,937,816$60,556,840▼ $4,704,634-$64,046,340
2020$15,963,489$2,186,644▲ $3,904,690-$21,937,816
2019$14,466,336$574,703▲ $1,047,131-$15,963,489
Compensation and Service Providers
Top Officer Pay78th percentile

Board Members and Trustees

NameTitle
Lisa MendelsonChair
Harvey a GoldmanDirector
Heather RohanDirector
Irving BolotinDirector
Laurie SilversDirector
Margaret Eidson MdDirector
Nicholas Perricone MdDirector
Peter L BermontDirector
Susan M MansolilloDirector
Pamela OlmoCFO
Dolores Fernandez AlonsoChief Executive Officer
Jeffrey HuffCOO
David C PratherEx-officio
Revenue and Support

Revenue Composition

Contributions and Grants
$1,832,402
Program Service Revenue
$0
Investment Income
$2,139,644
Other Revenue
$0
All Other Contributions
$1,832,402
Change in Net Assets
$3,864,167
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$107,879
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses-$107,879-$107,879
Total Functional Expenses$0$107,879$0$107,879
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Present Value of Annuity Obligation$2,008,862
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“Reviewed by the audit committee that reports to the board of directors. Board members are sent a copy of the form 990.”

Form 990, Part VI, Section B, Line 12C

“On an annual basis all directors and employees complete a form disclosing any conflict of interest. The president reviews any conflicts reported by employees and any conflicts reported by directors are disclosed to the board. If there is none, the form requires the director or employee to state so.”

Form 990, Part VI, Section B, Line 15

“Comparable data is gathered on an ongoing basis from other public tv stations and industry sources. Any ceo increases are approved by the executive committee of the board of directors.”

Form 990, Part VI, Section C, Line 19

“Various financial statements, tax returns and governing documents are available to the public upon request. The 990 is also available on guidestar.com and the consolidated audit report is on the station's website southfloridapbs.org.”

Filing and Contact Details

Filer

Filer Name
Sfpbs Foundation Inc
EIN
59-2141826
Phone
3059498321
Address
3401 S CONGRESS AVENUE, BOYNTON BEACH, FL 33426

Signing Officer

Name
Dolores Fernandez Alonso
Title
CEO
Phone
3059498321
Signed
2025-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dolores Fernandez Alonso
Formed
1981
Legal Domicile
Fl
Voting Board Members
12
Independent Board Members
11
Employees
0
Volunteers
0

Preparer

Firm
Citrin Cooperman Advisors LLC
Address
6550 N FEDERAL HIGHWAY 4TH FLOOR, FT LAUDERDALE, FL 33308
Preparer
Tyler Johnson
Phone
9547710896
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Transfer to related entities -7,511,923.”

Financial Statement Notes

PART V, LINE 4:

“A portion of the endowment funds are used for the annual operations of south florida pbs, inc.”

Raw XML AppendixShowing 400 of 518 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0SFPBS FOUNDATION, INC. EXISTS TO PROVIDE FINANCIAL SUPPORT TO SOUTH FLORIDA PBS, INC., WHICH OPERATES WPBT ON CHANNEL 2 AND WXEL ON CHANNEL 42, TELEVISING TO THE SEVEN-COUNTY SOUTH FLORIDA SERVICE AREA.
IRS990/AllOtherContributionsAmt01832402
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IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt03401 S CONGRESS AVENUE
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IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0FL
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IRS990/ConservationEasementsInd00
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IRS990/CYGrantsAndSimilarPaidAmt00
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IRS990/CYOtherRevenueAmt00
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IRS990/CYRevenuesLessExpensesAmt03864167
IRS990/CYSalariesCompEmpBnftPaidAmt00
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IRS990/DescribedInSection501c3Ind01
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IRS990/DonorRstrOrQuasiEndowmentsInd01
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IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/FamilyOrBusinessRlnInd00
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IRS990/Form990PartVIISectionAGrp/TitleTxt0CHIEF EXECUTIVE OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5EX-OFFICIO
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt12CFO
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IRS990/MissionDesc0SFPBS FOUNDATION, INC. EXISTS TO PROVIDE FINANCIAL SUPPORT TO SOUTH FLORIDA PBS, INC. WHICH OPERATES WPBT ON CHANNEL 2 AND WXEL ON CHANNEL 42, TELEVISING TO THE SEVEN-COUNTY SOUTH FLORIDA SERVICE AREA. WPBT IS A VIBRANT FORCE IN THE SOUTH FLORIDA COMMUNITY THAT ENTERTAINS, ENLIGHTENS, AND EDUCATES. OUR CONTENT CHANGES LIVES, INSPIRES TRUST, AND MAKES A DIFFERENCE. WE REFLECT THE DIVERSITY OF THE REGION IN WHICH WE LIVE AND WORK. WXEL WAS FORMED TO USE TELECOMMUNICATIONS AND BROADBAND TECHNOLOGY TO SERVE THE COMMUNITY THROUGH EXCELLENCE IN PROGRAMMING.
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IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0SOUTH FLORIDA PBS INC
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IRS990ScheduleA/SupportSumAmt07511923
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IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt076085146
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt09898057
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt018045535
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IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt060556840
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt064046340
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IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt0117007
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt015963489
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt02186644
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt021937816
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt03904690
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt0124681
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IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0574703
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt015963489
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01047131
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd01
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PRESENT VALUE OF ANNUITY OBLIGATION
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.12353
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0A PORTION OF THE ENDOWMENT FUNDS ARE USED FOR THE ANNUAL OPERATIONS OF SOUTH FLORIDA PBS, INC.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
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IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalLiabilityAmt02008862
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount20
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt211125
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1JEFFREY HUFF
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2PAMELA OLMO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CHIEF EXECUTIVE OFFICER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1COO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2CFO
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt20
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt2214089
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0REVIEWED BY THE AUDIT COMMITTEE THAT REPORTS TO THE BOARD OF DIRECTORS. BOARD MEMBERS ARE SENT A COPY OF THE FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ON AN ANNUAL BASIS ALL DIRECTORS AND EMPLOYEES COMPLETE A FORM DISCLOSING ANY CONFLICT OF INTEREST. THE PRESIDENT REVIEWS ANY CONFLICTS REPORTED BY EMPLOYEES AND ANY CONFLICTS REPORTED BY DIRECTORS ARE DISCLOSED TO THE BOARD. IF THERE IS NONE, THE FORM REQUIRES THE DIRECTOR OR EMPLOYEE TO STATE SO.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPARABLE DATA IS GATHERED ON AN ONGOING BASIS FROM OTHER PUBLIC TV STATIONS AND INDUSTRY SOURCES. ANY CEO INCREASES ARE APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3VARIOUS FINANCIAL STATEMENTS, TAX RETURNS AND GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. THE 990 IS ALSO AVAILABLE ON GUIDESTAR.COM AND THE CONSOLIDATED AUDIT REPORT IS ON THE STATION'S WEBSITE SOUTHFLORIDAPBS.ORG.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4TRANSFER TO RELATED ENTITIES -7,511,923.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C

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