Wsre Tv Foundation Inc

Nonprofit profile at a glance

EIN
592993200
IRS 990 coverage
2009–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Pensacola, FL, USA
Phone
8504841200
Rating
67
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Television

Official website

Reported finances

Revenue
$2,219,851
Expenses
$1,175,814
Assets
$5,349,786
Liabilities
$137,723

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

21 people listed

Executive titles in this filing

  • JILL HUBBS (EXECUTIVE DIRECTOR)

People named in this filing

  • DR BRENT VIDEAU (CHAIR)
  • EL ROCHE (VICE CHAIR)
  • KAREN POPE (INTERIM TREASURER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

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.

What it reported doing in 2024

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. Broadcast hours are approximately 43,000 per year, 24 hours a day, 7 days a week. 2. Provide a diverse array of high-quality locally-produced programming including current affairs, arts/culture, minority issues, and documentaries.3. Provide educational and outreach services to the citizens of northwest Florida through wsre's reading programs, teacher training opportunities, and other literacy-based initiatives. Wsre imagination station, in partnership with a local baseball team, is an outreach venue at the team's ballpark in downtown pensacola, offering free early literary resources and access to hands-on digital media learning assets provided by pbs and wsre.

Operating model

Revenue model
Donor-supported. 91% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 29
  • Transparency & Controls: 92
  • Accountability: 100
  • Sustainability: 87
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 28.6%; rating input score 29
  • Program expense ratio: 35%; rating input score 35
  • Fundraising efficiency: $3.62 raised per $1 spent on fundraising; rating input score 11; 11th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 7 of 7 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 47%; rating input score 91; 91st percentile among comparable filings
  • Total-asset coverage ratio: 4.55; rating input score 82; 82nd percentile among comparable filings
  • Liabilities to assets ratio: 0.03; rating input score 78; 78th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 91; 91st percentile among comparable filings

Growth

  • Program expense growth: -0.9% per year; rating input score 0; 11th percentile among comparable filings
  • Revenue growth: 1.7% per year; rating input score 100; 19th percentile among comparable filings
  • Asset growth: 4.9% per year; rating input score 100; 34th percentile among comparable filings

Details

  • Where the money goes: 28.6% of revenue deployed · 35% of spending went to programs
  • Governance: 22 of 22 board members independent · 7 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $411K in reported program spending
  • Leadership: top reported pay $0 · 21 people listed
  • Consistency: 28 of 28 current checks pass
  • Schedules: 6 filed schedules · includes major donors
  • Filing history: 15 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 29/100.
  • Moderate — Financial Efficiency: Program expense ratio scored 35/100.
  • High — Financial Efficiency: Fundraising efficiency scored 11/100.
  • High — Growth: Program expense growth scored 0/100.