Sfpbs Foundation INC FY2021 filing

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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.

Form 990 Part I, line 1, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 59-2141826) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $16.7M a year · 99% of revenue · last 5 filings
A surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
0% of spending went to programs.
Pt IX · Ln 25 · col B
91.5 mo
of spending, in cash
Plus $16.6M in investments, Pt X · Ln 11–13
91.5 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $27K
2 funders name it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$2.3M
10% of total assets
Liabilities are 10% of assets.
Pt X · Ln 26
Independent board members
8
of 9 voting members
8 of 9 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$2.9M
Spent
$163K
To programs
0%
Net assets
$21.9M
By yearFY2021–FY2025
Revenue
$2.9M
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$2.9M
FY2022$62.5M
FY2023$7.5M
FY2024$4.0M
FY2025$7.7M
Expenses
$163K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$163K
FY2022$147K
FY2023$594K
FY2024$108K
FY2025$109K
Net assets
$21.9M
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$21.9M
FY2022$64.0M
FY2023$76.1M
FY2024$74.6M
FY2025$68.9M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1982.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

What each dollar paid for.

Management & general 100% · $163K

Form 990 Part IX, line 25. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

11 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Chief Executive Officer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Sfpbs Foundation INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Supports public television stations broadcasting educational and cultural programs across South Florida.

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1 program · in their own filed words · FY2020
01

SFPBS foundation, inc. Provides support to public television WPBT channel 2 and wxel channel 42 in south florida. A percentage of assets is provided for annual operations of south florida PBS, inc. There were no grants to south florida PBS, inc. In the current year.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 59-2141826) · Dispute this line
Pt IX · Ln 25 · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$27K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$2.9M
Ln 12
Gifts and grantsLn 1h$2.2M
Investment incomeLn 3$752K
Money outPt IX
$163K
Ln 25
Managementcol C$163K
Owns and owesPt X
$21.9M
net assets · Ln 32
Cash and savingsLn 1–2$1.2M
Total assetsLn 16$24.3M
LiabilitiesLn 26$2.3M
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.2M
Investment incomeLn 3$752K
Gains on assetsLn 7$585K
Total revenueLn 12$2.9M
Assets in detailPt X, end of year
CashLn 1$52K
SavingsLn 2$1.2M
Cash and savings togetherLn 1–2$1.2M
Pledges and grants receivableLn 3$95K
Prepaid expenses and deferred chargesLn 9$14K
InvestmentsLn 11–13$16.6M
Other assetsLn 15$6.3M
Total assetsLn 16$24.3M
LiabilitiesLn 26$2.3M
Net assetsLn 32$21.9M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
Investment feesPt IX, Sch D
Investment fees, as reportedPt IX 11f$46K
Share of the $21.9M endowmentSch D 1g0.21%
Typical, median of 2,202 orgs0.44%
EndowmentSch D · Pt V
LineFY21FY20FY19FY18FY17
End of yearLn 1g$21.9M$16.0M$14.5M$13.7M$17.3M
AddedLn 1b$2.2M$575K$150K$5K$36K
SpentLn 1d–1f$117K$125K$3K$4.8M$2.2M
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$327K$1.2M
InvestmentsLn 11–13$13.4M$16.6M
Total assetsLn 16$18.0M$24.3M
LiabilitiesLn 26$2.0M$2.3M
Net assetsLn 32$16.0M$21.9M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Investment management feesLn 11f$46K$46K
Other expenses (24a–d)Ln 24$117K$117K
Total functional expensesLn 25$163K$0$163K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 14, 2026 $7.7M$109K$7.6M$68.9M 990 PDF
FY2024Filed with the IRS May 14, 2025 $4.0M$108K$3.9M$74.6M 990 PDF
FY2023Filed with the IRS May 14, 2024 $7.5M$594K$6.9M$76.1M 990 PDF
FY2022Filed with the IRS Apr 5, 2023 $62.5M$147K$62.3M$64.0M 990 PDF
FY2021 ViewingFiled with the IRS Feb 4, 2022 $2.9M$163K$2.8M$21.9M 990 PDF

Schedules filed Part IV

A · Public support D · Assets and endowments I · Grants O · Explanations
See the full FY2021 990
Part I · Summary $2,938,318 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $574,703$2,186,644
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $1,274,079$751,674
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,848,782$2,938,318
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $174,455$162,717
I-18 Total expensesPrior year $174,455$162,717
I-19 Revenue less expensesPrior year $1,674,327$2,775,601
Part VI · Governance 8 of 9 board members independent, no flags
VI-1a Voting members of the governing body9
VI-1b Independent voting members8
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,938,318 across 5 lines filed
VIII-1f All other contributions, gifts and grants$2,186,644
VIII-1h Total contributions, gifts and grants$2,186,644
VIII-3 Investment incomeExcluded from tax $166,968$166,968
VIII-7 Net gain or loss on sales of assetsExcluded from tax $584,706$584,706
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $751,674$2,938,318
Part IX · Statement of functional expenses $162,717 across 2 lines filed
IX-11f Investment management feesManagement $45,710$45,710
IX-24 Other expenses (24a–d)Management $117,007$117,007
IX-25 Total functional expensesPrograms $0 · Management $162,717 · Fundraising $0$162,717
Part X · Balance sheet $24,274,591 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $47,135$52,354
X-2 Savings and temporary cash investmentsStart of year $279,665$1,188,130
X-3 Pledges and grants receivableStart of year $83,593$95,210
X-9 Prepaid expenses and deferred chargesStart of year $13,182$13,655
X-11 Publicly traded securitiesStart of year $13,442,650$16,594,300
X-15 Other assetsStart of year $4,100,061$6,330,942
X-16 Total assetsStart of year $17,966,286$24,274,591
X-19 Deferred revenue$192,000
X-25 Other liabilitiesStart of year $2,002,797$2,144,775
X-26 Total liabilitiesStart of year $2,002,797$2,336,775
X-27 Net assets without donor restrictionsStart of year $7,678,624$11,234,453
X-28 Net assets with donor restrictionsStart of year $8,284,865$10,703,363
X-32 Total net assets or fund balancesStart of year $15,963,489$21,937,816
X-33 Total liabilities and net assetsStart of year $17,966,286$24,274,591
Part XI · Reconciliation of net assets $21,937,816 net assets at year end
XI-1 Total revenue$2,938,318
XI-2 Total expenses$162,717
XI-3 Revenue less expenses$2,775,601
XI-4 Net assets at start of year$15,963,489
XI-5 Net unrealized gains (losses) on investments$3,095,473
XI-9 Other changes in net assets$103,253
XI-10 Net assets at end of year$21,937,816

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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