The Fund For West Palm Beach Police Inc
- Assets
- $905.2k
- Revenue
- $882.3k
- Investments
- $0.0
- Employees
- 0
- Location
- West Palm Beach, FL
- Founding
- 05/1984
- Data as of
- 08/2023
- EIN
- 59-2293239
Organization Overview
The Fund For West Palm Beach Police Inc is located in West Palm Beach, FL. The organization was established in 1984. According to its NTEE Classification (I20) the organization is classified as: Crime Prevention, under the broad grouping of Crime & Legal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fund For West Palm Beach Police 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 08/2023, Fund For West Palm Beach Police Inc generated $882.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 45.7% each year . All expenses for the organization totaled $1.0m during the year ending 08/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE ORGANIZATION IS TO PROVIDE SUPPORT AND ASSISTANCE TO THE WEST PALM BEACH FORCE THROUGH SPECIAL PROGRAMS, AWARD RECOGNITION, AND CAPITAL FOR SPECIAL PURCHASES FOR WHICH THE CITY OR GRANT MONEY IS UNAVAILABLE. PROGRAMS IN THE COMMUNITY FOCUS ON IMPROVING RELATIONS BETWEEN POLICE OFFICERS AND THE RESIDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FUND RAISES MONEY AND ADMINISTERS A PROGRAM TO PROVIDE A $4,000 SCHOLARSHIP TO CHILDREN FOR SWORN POLICE OFFICERS FOR STATE COLLEGE, UNIVERSITY OR VOCATIONAL EDUCATION. THE REQUIREMENTS ARE THAT AN OFFICER HAS TO HAVE BEEN EMPLOYED CONTINUOUSLY FOR TWO YEARS AND IN GOOD STANDING. IN THIS TAX YEAR 49 CANDIDATES RECEIVED SCHOLARSHIPS AND THE SCHOLARSHIPS ARE A SIGNIFICANT BENEFIT TO THE OFFICERS AND THEIR FAMILIES.
OTHER PROGRAMS TO SUPPORT THE MISSION OF THE FOUNDATION.
THE ANNUAL WPB POLICE AWARDS CEREMONY IN MARCH IS THE MARQUIS RECOGNITION EVENT FOR THE MEMBERS IN THE POLICE DEPARTMENT. ROUGHLY 50 AWARDS ARE GIVEN OUT. THERE ARE 9 CATEGORIES OF AWARDS THAT HAVE AN OFFICER OF THE QUARTER AWARD AND ONE OF THOSE GETS OFFICER OF THE YEAR. THE POLICE CHIEF DETERMINES THE RECIPIENTS. THERE ARE VIDEOS MADE OF ALL AWARDEES AND THE REASON FOR THEIR SELECTION. THE EVENT IS HELD AT A BUFFET STYLE LUNCH FOR THE OFFICERS AND THEIR SPOUSES. OVER 250 PEOPLE ATTEND. THIS EVENT BOOSTS MORALE FOR THE WHOLE DEPARTMENT, AND IMPROVES RETENTION AND RECRUITMENT.
AT YEAR END THE FUND PROVIDES A GIFT CARD OF $200 TO EACH EMPLOYEE OF THE POLICE DEPARTMENT AT THAT TIME. THESE CASH AWARDS BUILD LOYALTY AND SHOWS THE DEPARTMENT MEMBERS THAT THEIR WORK IS APPRECIATED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Don Carter Director | Trustee | 1 | $0 |
Michael Falk Director | Trustee | 1 | $0 |
Robert Fish Director | Trustee | 1 | $0 |
Robert Frisbie Director/ex Com | Trustee | 1 | $0 |
Ken Gillman Director | Trustee | 1 | $0 |
Tom Gravina Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $61,858 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $836,902 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $898,760 |
| Total Program Service Revenue | $0 |
| Investment income | $19,172 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$35,602 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $882,330 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $13,000 |
| Grants and other assistance to domestic individuals. | $355,115 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,565 |
| Fees for services: Accounting | $8,476 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $96,153 |
| Advertising and promotion | $45,728 |
| Office expenses | $14,891 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $125,063 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,963 |
| All other expenses | $61 |
| Total functional expenses | $1,048,260 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $188,681 |
| Savings and temporary cash investments | $716,538 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $905,219 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $484,996 |
| Net assets with donor restrictions | $420,223 |
| 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 | $905,219 |
Grants Awarded
Over the last fiscal year, The Fund For West Palm Beach Police Inc has awarded $66,494 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
WEST PALM BEACH POLICE DEPARTMENT PURPOSE: TO FUND A PROGRAM KNOW AS SHOP WITH A COP. POLICE OFFICERS ARE MATCHED WITH FAMILIES AND PROVIDED WITH FUNDS TO SHOP FOR NEEDED ITEMS DURING THE HOLIDAY SEASON. THE OFFICERS GET TO KNOW MEMBERS OF THE FAMILIES TO PROMOTE MUTUAL RESPECT FOR ALL . 24,582 NET WAS PROVIDED TO THE POLICE DEPARTMENT FOR THIS ENDEVOR. ADJUSTMENTS TO THIS PROGRAM WERE MADE DURING THE COVID PERIOD. | $24,582 |
WEST PALM BEACH POLICE DEPARTMENT PURPOSE: THE FUOUNDATION PROVIDED FUND FOR THE PURCHASE OF K9 DOGS FOR POLICE DEPARTMENT USE | $41,912 |