Palm Beach Police Foundation Inc
- Assets
- $12.6m
- Revenue
- $4.7m
- Investments
- $0.0
- Employees
- 4
- Location
- Palm Beach, FL
- Founding
- 10/2006
- Data as of
- 06/2022
- EIN
- 83-0462654
Organization Overview
Palm Beach Police Foundation Inc is located in Palm Beach, FL. The organization was established in 2006. According to its NTEE Classification (I12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Crime & Legal-Related and related organizations. As of 06/2022, Palm Beach Police Foundation Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Palm Beach Police Foundation 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, Palm Beach Police Foundation Inc generated $4.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 27.5% each year . All expenses for the organization totaled $2.8m during the year ending 06/2022. While expenses have increased by 34.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Palm Beach Police Foundation Inc has awarded 18 individual grants totaling $1,287,968. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PBPFF IS A CHARITABLE ORGANIZATION THAT SUPPORTS THE TOWN OF (CONTINUED ON SCHEDULE O)PALM BEACH FIRST RESPONDERS AND THE LOCAL COMMUNITY AT LARGE WITH EDUCATION, EQUIPMENT AND ADVOCACY; EMPOWERING PEACE OF MIND WITH THE KNOWLEDGE THAT THEIR FAMILIES AND FUTURES ARE SAFE AND SUPPORTED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HIGHER EDUCATION SCHOLARSHIPS - THIS PROGRAM PROVIDES SCHOLARSHIPS TO QUALIFIED CHILDREN OF SWORN OFFICERS, FIREFIGHTERS AND CIVILIAN EMPLOYEES OF THE PALM BEACH POLICE AND FIRE RESCUE DEPARTMENTS. OVER THE PAST YEAR, THE FOUNDATION AWARDED HIGHER EDUCATION SCHOLARSHIPS TO 33 QUALIFIED CHILDREN, TOTALING $319,000. EMERGENCY FINANCIAL ASSISTANCE - THIS PROGRAM OFFERS EMERGENCY FINANCIAL ASSISTANCE TO OFFICERS AND FIREFIGHTERS INJURED OR DISABLED IN THE LINE OF DUTY, OR SUFFERING FROM OTHER PERSONAL EMERGENCIES OR FINANCIAL CRISIS.POLICE AND FIRE RESCUE DEPT SUPPLEMENTS - (CONTINUED ON SCHEDULE O) THIS PROGRAM PROVIDES SUPPLEMENTARY FUNDING TO THE POLICE AND FIRE RESCUE DEPARTMENTS FOR ADDITIONAL TRAINING, EQUIPMENT AND OTHER UNFUNDED NEEDS, AND GRANTS TO OFFICERS AND FIREFIGHTERS TO ATTEND EVENTS OR IN TIMES OF NEED.PRESTON BERNICK RETENTION PROGRAM THE PALM BEACH POLICE & FIRE FOUNDATION MAKE AN ANNUAL CONTRIBUTION TO THE PALM BEACH FIRST RESPONDERS FOUNDATION TO FUND THE PRESTON BERNICK RETENTION PLAN, A PLAN BUILT TO ENCOURAGE RECRUITMENT AND RETENTION FOR THE PALM BEACH POLICE AND FIRE RESCUE DEPARTMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John F Scarpa CEO & Chairman | OfficerTrustee | 20 | $0 |
Timothy Moran President | OfficerTrustee | 20 | $0 |
David S Mack Vice President | OfficerTrustee | 5 | $0 |
Annie Falk Asst. Secretary/treasurer | OfficerTrustee | 5 | $0 |
Michael Belisle 1st Vice President | OfficerTrustee | 20 | $0 |
E Llwyd Ecclestone Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $611,230 |
| Fundraising events | $1,637,400 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,531,296 |
| Noncash contributions included in lines 1a–1f | $38,110 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,779,926 |
| Total Program Service Revenue | $0 |
| Investment income | $208,249 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $57,353 |
| Net Income from Fundraising Events | -$318,778 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,726,750 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $75,838 |
| Grants and other assistance to domestic individuals. | $300,009 |
| 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 | $267,578 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $22,408 |
| Payroll taxes | $19,670 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,857 |
| Fees for services: Accounting | $24,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $80,749 |
| Fees for services: Other | $103,435 |
| Advertising and promotion | $181,711 |
| Office expenses | $160,179 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $35,517 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $75,064 |
| Insurance | $5,530 |
| All other expenses | $0 |
| Total functional expenses | $2,829,063 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $949,475 |
| Pledges and grants receivable | $492,666 |
| 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 | $219,865 |
| Net Land, buildings, and equipment | $225,309 |
| Investments—publicly traded securities | $10,666,025 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,553,340 |
| Accounts payable and accrued expenses | $32,604 |
| Grants payable | $0 |
| Deferred revenue | $30,000 |
| 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 | $62,604 |
| Net assets without donor restrictions | $12,044,222 |
| Net assets with donor restrictions | $446,514 |
| 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 | $12,553,340 |
Grants Awarded
Over the last fiscal year, Palm Beach Police Foundation Inc has awarded $478,680 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
PALM BEACH POLICE DEPARTMENT PURPOSE: Funds for renovation of the Palm Beach Police Department Shooting Range | $228,000 |
PALM BEACH POLICE DEPARTMENT PURPOSE: Funds for renovation of the Palm Beach Police Department Shooting Range | $228,000 |
PALM BEACH FIRE RESCUE PURPOSE: Fire Department gas squeeze off tool and other equipment, fire department hoods for uniform. | $11,340 |
PALM BEACH FIRE RESCUE PURPOSE: Fire Department gas squeeze off tool and other equipment, fire department hoods for uniform. | $11,340 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Palm Beach Police Foundation Inc has recieved totaling $24,250.
| Awarding Organization | Amount |
|---|---|
Wikstrom Foundation 40-585500b Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $10,000 |
Ann And Robert Fromer Charitable Foundation Inc Palm Beach, FL PURPOSE: GENERAL | $10,000 |
Kozloff Family Charitable Trust Quakertown, PA PURPOSE: DONEE'SDISCRETION | $4,000 |
Ira And Maryjo Sherman Family Foundation Inc Palm Beach Gardens, FL PURPOSE: GENERAL | $250 |
Endowment Analysis
| Beg. Balance | $209,500 |
| Net Contributions | $20,000 |
| Grants | $94,042 |
| Ending Balance | $135,458 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Florida Bar Foundation Inc Maitland, FL | $35,534,740 | $11,447,403 |
Palm Beach Police Foundation Inc Palm Beach, FL | $12,553,340 | $4,726,750 |
Alabama Civil Justice Foundation Montgomery, AL | $1,944,117 | $837,613 |
Irondog K9 International Inc McDonough, GA | $765,128 | $1,651,128 |
Hillsborough County Bar Foundation Inc Tampa, FL | $7,492,800 | $798,256 |
Dekalb County Childrens Policy Council Inc Rainsville, AL | $0 | $299,643 |
West Palm Beach Police Chiefs Advisory Council Inc West Palm Beach, FL | $0 | $590,117 |
Florida Police Chiefs Education Research Foundation Inc Tallahassee, FL | $168,407 | $0 |
Florida State Lodge Fraternal Order Of Police Memorial Foundation Inc Tallahassee, FL | $811,445 | $281,732 |
Limestone County Sheriffs Rodeo Inc Athens, AL | $346,238 | $88,639 |
Georgia Elks Charities Inc Griffin, GA | $586,715 | $148,595 |
St Johns Sheriffs Office Special Teams Association Saint Augustine, FL | $12,444 | $0 |