Friends Of Wlrn Inc
- Assets
- $35.1m
- Revenue
- $8.0m
- Investments
- $0.0
- Employees
- 49
- Location
- Miami, FL
- Founding
- 09/1976
- Data as of
- 06/2022
- EIN
- 23-7365001
Organization Overview
Friends Of Wlrn Inc is located in Miami, FL. The organization was established in 1976. According to its NTEE Classification (G41) the organization is classified as: Eye Diseases, Blindness & Vision Impairments, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 06/2022, Friends Of Wlrn Inc employed 49 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of Wlrn Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Friends Of Wlrn Inc generated $8.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.3%) each year. All expenses for the organization totaled $9.0m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (0.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE RESOURCE DEVELOPMENT SERVICES TO & SUPPORT WLRN PUBLIC RADIO AND TELEVISION TO PROVIDE INFORMATION, ENTERTAINMENT AND LEARNING WITH A COMMITMENT TO EXCELLENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE YEAR, THE ORGANIZATION RAISED APPROXIMATELY $9,900,000 AND MADE GRANTS OF APPROXIMATELY $2,400,000 TO WLRN-TV AND WLRN-FM RADIO STATIONS, BOTH OF WHICH ARE OWNED BY THE MIAMI-DADE COUNTY SCHOOL BOARD. IN ADDITION TO THE GRANTS, THE ORGANIZATION PAID APPROXIMATELY $2,900,000 IN EXPENSES TO SOUTH FLORIDA PUBLIC MEDIA COMPANY IN ORDER TO SUPPORT WLRN NEWS ACTIVITIES. THESE AMOUNTS WERE USED BY THE STATIONS EXCLUSIVELY FOR CARRYING OUT THEIR EXEMPT PURPOSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Goldstein Chair | OfficerTrustee | 1 | $0 |
Robert Mcgrath Treasurer | OfficerTrustee | 1 | $0 |
Cheryl Wilke Secretary | OfficerTrustee | 1 | $0 |
John Labonia General Manager | OfficerTrustee | 1 | $0 |
Dwight Hill Director | Trustee | 1 | $0 |
Daniel Patrick O'connell Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $5,322,050 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,432,380 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,754,430 |
| Total Program Service Revenue | $225 |
| Investment income | $573,150 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,768,000 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$4,113,999 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,036,695 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $721,070 |
| Compensation of current officers, directors, key employees. | $129,447 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,975,356 |
| Pension plan accruals and contributions | $265,418 |
| Other employee benefits | $432,904 |
| Payroll taxes | $270,246 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $40,277 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $152,017 |
| Fees for services: Other | $482,768 |
| Advertising and promotion | $185,771 |
| Office expenses | $114,805 |
| Information technology | $525,816 |
| Royalties | $0 |
| Occupancy | $98,932 |
| Travel | $13,523 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $26,455 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,530 |
| Insurance | $30,009 |
| All other expenses | $562,189 |
| Total functional expenses | $8,999,301 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,970,477 |
| Savings and temporary cash investments | $392,847 |
| Pledges and grants receivable | $1,088,442 |
| Accounts receivable, net | $446,880 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $22,263 |
| Net Land, buildings, and equipment | $10,116 |
| Investments—publicly traded securities | $24,001,273 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,141,277 |
| Total assets | $35,073,575 |
| Accounts payable and accrued expenses | $243,234 |
| Grants payable | $0 |
| Deferred revenue | $132,520 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $375,754 |
| Net assets without donor restrictions | $34,485,692 |
| Net assets with donor restrictions | $212,129 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $35,073,575 |