Palm Beach Round Table EIN 59-1311062 Form 990 (PDF) Claim this org

Palm Beach Round Table FY2020 filing

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Provides a platform for discussing current events and education. For fiscal year 2020 it reported $201K in revenue, $202K in expenses, and $350K in net assets.Pt I

Founded
1942
Type
Public charity (501(c)(3)) · Public & Societal Benefit
Location
Palm Beach, FL
Website
palmbeachroundtable.weebly.com
Filings
5 on file (2020–2020)
Revenue
$201KFY2020
Expenses
$202K
Net assets
$350K
People
8
Filings
5
Updates
0
More identity details & actions ⌄
EIN  59-1311062 Public charity (501(c)(3)) Palm Beach, FL Founded 1942
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Provides a platform for discussing current events and education.
Leadership
Herme De Wyman Miro · Chairperson
Money in and out
$201K revenue, $202K expenses
Bottom line
88% program efficiency
Where the money goes · FY2020
Total revenue
$201K
Pt VIII · Ln 12
Total expenses
$202K
Pt IX · Ln 25
Net assets
$350K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$1K
Where spending went · Part IX cols B–D
Program services $0.88 Management & general $0.09 Fundraising $0.03
Program efficiency
88%
of spending reaches programs
Operating runway
8.1mo
months of highly liquid reserves at operating expense rate
Surplus margin
-0.6%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$201K
FY2020
Expenses
$202K
FY2020
Total assets
$357K
FY2020
Total liabilities
$7K
FY2020
Total revenue
$201K
Pt VIII · Ln 12
Total expenses
$202K
Pt IX · Ln 25
Net assets
$350K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$1K
Total assetsPt X · Ln 16$357K
Program-expense ratioPt IX · col B88%
Voting members of governing bodyPt I · Ln 330
Independent voting membersPt I · Ln 430
Mission & Programs · Part III

Where the work happens

1 program service account for $178K of program spending, described in the organization's own filed words · FY2019.
01

The organization held multiple programs which informed & educated the public concerning current events. These programs included thought provoking speakers discussing world affairs, and satisfied the objective of educating and stimulating the assembled members and guests.

$178Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CPalm Beach Round Table
EINHdr · item D59-1311062
Principal addressHdr · item CPalm Beach, FL
WebsiteHdr · item Jpalmbeachroundtable.weebly.com
Year of formationHdr · item L1942
State of legal domicileHdr · item MFL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFPublic & Societal Benefit (W00Z)
Ruling yearIRS BMFSep 1942

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a30
Independent voting membersPt VI · Ln 1b30
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Asst. Treas.
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$137K · 68%
Program service revenue$58K · 29%
Investment income$6K · 3%
Contributions & grants68%$137K
Program service revenue29%$58K
Investment income3%$6K
Total revenueLn 12$201K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.88 Management & general $0.09 Fundraising $0.03
Program services88%$178K
Management & general9%$19K
Fundraising3%$5K
Total functional expensesLn 25$202K

Balance Sheet

Part X · end of year
CashLn 1$137K
Total assetsLn 16$357K
Total liabilitiesLn 26$7K
Total net assetsLn 32$350K
Months of cash on handcomputed8.1

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $137K · Operating expenses/yr $202K
8.1 months
Where the money goes
Program services
Program services $178K · Total expenses $202K
88%
Management & General
Management & general $19K · Total expenses $202K
9%
Fundraising
Fundraising $5K · Total expenses $202K
3%
Cost to raise $1
Fundraising expense $5K · Solicited contributions $137K
$0.04 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $137K · Total revenue $201K
68%
Government reliance
Government grants — · Total revenue $201K
Earned-income share
Program service revenue $58K · Total revenue $201K
29%
Investment reliance
Investment income $6K · Total revenue $201K
+3%
Program self-sufficiency
Program service revenue $58K · Total expenses $202K
29%
Growth & trend
Revenue growth (YoY)
This year $201K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $350K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $201K · Expenses $202K
-0.6%
Liabilities-to-Assets
Total liabilities — · Total assets $357K
Net-asset ratio
Net assets $350K · Total assets $357K
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $357K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Herme De Wyman Miro · Reported title CHAIRPERSON · Highest reported compensation $0 · Total expenses $202K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $95K · Total expenses $202K
47%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 88%
Overhead ratio 9%
Fundraising cost ratio 4%
Accounting fee ratio 2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Aeb FoundationFY2024$460
Total grants receivedfrom 2 funders$4K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$170K revenue · ⤓ 990 PDF
FY2023$227K revenue · ⤓ 990 PDF
FY2022$192K revenue · ⤓ 990 PDF
FY2021$131K revenue · ⤓ 990 PDF
FY2020$201K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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