Wsre Tv Foundation INC

Tax-deductible

Pensacola, FL501(c)(3)Since 1990Arts & CultureEIN 59-2993200Revenue $2.2M in FY2025

On file with the IRSwrse.org1000 College Blvd, 32504-8910 · Pensacola, FLTax-exempt since May 1990Publicly supported charity — 170(b)(1)(A)(vi)

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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.

501(c)(3) charity; gifts are tax-deductible.
35¢ of each $1 spent went to programs.
Run by 40 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $332K a year · 22% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
35%
of spending
Concern: 35% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 4.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $4K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$138K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
22
of 22 voting members
Looks good: 22 of 22 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.2M
+47% vs prior year
Spent
$1.2M
To programs
35%
Net assets
$5.2M
By yearFY2020–FY2025
Revenue
$2.2M
FY2025▲ +47%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.3M
FY2021$1.4M
FY2022$1.4M
FY2023$1.2M
FY2024$1.5M
FY2025$2.2M
Expenses
$1.2M
FY2025▼ -3%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.2M
FY2021$1.2M
FY2022$1.1M
FY2023$980K
FY2024$1.2M
FY2025$1.2M
Net assets
$5.2M
FY2025▲ +18%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.4M
FY2021$3.9M
FY2022$3.6M
FY2023$4.0M
FY2024$4.4M
FY2025$5.2M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 1990.

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

Where the money goes

35 cents of each dollar spent went to programs.

Program services 35% · $411K Management & general 29% · $342K Fundraising 36% · $423K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

21 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Interim Treasurer
$0Pt VII · Sec A
Trustee Representative
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Wsre Tv Foundation INC executive salaries →

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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 15aNo

Programs and updates

Supports educational and community TV programs broadcast by WSRE-TV.

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Provided by the organization

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1 program · $411K · in their own filed words · FY2024
01

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.

$411Kprogram expense

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$4K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$2.2M
Ln 12
Gifts and grantsLn 1h$1.5M
Investment incomeLn 3$627K
Other incomeLn 4–11$60K
Money outPt IX
$1.2M
Ln 25
Programscol B$411K
Managementcol C$342K
Fundraisingcol D$423K
Owns and owesPt X
$5.2M
net assets · Ln 32
Cash and savingsLn 1–2$398K
Total assetsLn 16$5.3M
LiabilitiesLn 26$138K
PeoplePt VI, VII
21
listed · VII A
PaidVII A0
Voting boardVI 1a22
IndependentVI 1b22
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.5M
Noncash giftsLn 1g$604K
Fundraising eventsLn 1c$45K
Investment incomeLn 3$627K
Other incomeLn 4–11$60K
Gains on assetsLn 7$533K
Total revenueLn 12$2.2M
Assets in detailPt X, end of year
CashLn 1$238K
SavingsLn 2$160K
Cash and savings togetherLn 1–2$398K
InvestmentsLn 11–13$4.8M
Land, buildings, equipmentLn 10c$23K
Other assetsLn 15$25K
Total assetsLn 16$5.3M
LiabilitiesLn 26$138K
Net assetsLn 32$5.2M
OperationsPt I, VI
EmployeesI 50
VolunteersI 640
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$394K$398K
InvestmentsLn 11–13$4.0M$4.8M
Land, buildings, equipmentLn 10c$43K$23K
Total assetsLn 16$4.5M$5.3M
LiabilitiesLn 26$126K$138K
Net assetsLn 32$4.4M$5.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$1K$1K
Accounting feesLn 11c$40K$40K
Advertising and promotionLn 12$18K$14K$3K
Office expensesLn 13$34K$22K$2K$9K
Information technologyLn 14$1K$1K
TravelLn 17$5K$3K$1K
Depreciation, depletion and amortizationLn 22$20K$19K$396
InsuranceLn 23$17K$10K$7K
Other expenses (24a–d)Ln 24$773K$154K$252K$367K
All other expensesLn 24e$267K$190K$35K$42K
Total functional expensesLn 25$1.2M$411K$342K$423K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $2.2M$1.2M$1.0M$5.2M 990 PDF
FY2024 $1.5M$1.2M$299K$4.4M 990 PDF
FY2023 $1.2M$980K$176K$4.0M 990 PDF
FY2022 $1.4M$1.1M$211K$3.6M 990 PDF
FY2021 $1.4M$1.2M$157K$3.9M 990 PDF
FY2020 $1.3M$1.2M$105K$3.4M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $2,219,851 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,273,875$1,532,421
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $232,831$627,491
I-11 Other revenuePrior year −$980$59,939
I-12 Total revenuePrior year $1,505,726$2,219,851
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 $1,206,665$1,175,814
I-18 Total expensesPrior year $1,206,665$1,175,814
I-19 Revenue less expensesPrior year $299,061$1,044,037
Part VI · Governance 22 of 22 board members independent, 1 to look at
VI-1a Voting members of the governing body22
VI-1b Independent voting members22
VI-15a Process for setting top official's payNo
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
Part VIII · Statement of revenue $2,219,851 across 9 lines filed
VIII-1c Fundraising events$45,373
VIII-1f All other contributions, gifts and grants$1,487,048
VIII-1g Noncash contributions (included above)$603,910
VIII-1h Total contributions, gifts and grants$1,532,421
VIII-3 Investment incomeExcluded from tax $94,140$94,140
VIII-6 Net rental income or lossUnrelated business $51,631$51,631
VIII-7 Net gain or loss on sales of assetsExcluded from tax $533,351$533,351
VIII-8 Net income from fundraising eventsExcluded from tax $8,308$8,308
VIII-12 Total revenueRelated to mission $0 · Unrelated business $51,631 · Excluded from tax $635,799$2,219,851
Part IX · Statement of functional expenses $1,175,814 across 10 lines filed
IX-11b Legal feesManagement $1,096$1,096
IX-11c Accounting feesManagement $39,950$39,950
IX-12 Advertising and promotionPrograms $14,336 · Fundraising $3,197$17,533
IX-13 Office expensesPrograms $22,437 · Management $2,419 · Fundraising $9,319$34,175
IX-14 Information technologyPrograms $1,336$1,336
IX-17 TravelManagement $3,450 · Fundraising $1,266$4,716
IX-22 Depreciation, depletion and amortizationPrograms $19,210 · Management $396$19,606
IX-23 InsurancePrograms $10,203 · Management $6,822$17,025
IX-24 Other expenses (24a–d)Programs $153,647 · Management $252,261 · Fundraising $367,019$772,927
IX-24e All other expensesPrograms $189,997 · Management $35,319 · Fundraising $42,134$267,450
IX-25 Total functional expensesPrograms $411,166 · Management $341,713 · Fundraising $422,935$1,175,814
Part X · Balance sheet $5,349,786 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $337,152$237,706
X-2 Savings and temporary cash investmentsStart of year $56,411$159,972
X-3 Pledges and grants receivableStart of year $41,018$41,018
X-4 Accounts receivableStart of year $18,103$30,863
X-9 Prepaid expenses and deferred chargesStart of year $43,385$42,606
X-10c Land, buildings and equipment, netStart of year $43,084$23,478
X-11 Publicly traded securitiesStart of year $3,730,803$4,073,218
X-12 Other securitiesStart of year $231,040$715,925
X-15 Other assetsStart of year $25,000$25,000
X-16 Total assetsStart of year $4,525,996$5,349,786
X-17 Accounts payable and accrued expensesStart of year $18,355$16,231
X-19 Deferred revenueStart of year $108,006$121,492
X-26 Total liabilitiesStart of year $126,361$137,723
X-27 Net assets without donor restrictionsStart of year $2,701,336$3,385,548
X-28 Net assets with donor restrictionsStart of year $1,698,299$1,826,515
X-32 Total net assets or fund balancesStart of year $4,399,635$5,212,063
X-33 Total liabilities and net assetsStart of year $4,525,996$5,349,786
Part XI · Reconciliation of net assets $5,212,063 net assets at year end
XI-1 Total revenue$2,219,851
XI-2 Total expenses$1,175,814
XI-3 Revenue less expenses$1,044,037
XI-4 Net assets at start of year$4,399,635
XI-5 Net unrealized gains (losses) on investments−$231,609
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$5,212,063

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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