2025-02-25T15:29:25-06:00 2024-06-30 881478669 CBIZ ADVISORS LLC 1899 L STREET NW 850 WASHINGTON DC 20036 990 2023-07-01 237365001 SOUTH FLORIDA PUBLIC MEDIA GROUP INC SOUT 3057977977 172 NE 15TH STREET MIAMI FL 33132 SHEILA REINKEN COO 3057977977 2025-02-25 1 1 AARON M FOX P01365820 2022274000 2025-02-25 2023 2025-03-06 01:10:19Z X FRIENDS OF WLRN SHEILA REINKEN 172 NE 15TH STREET MIAMI FL 33132 21866890 0 X WLRN.ORG X 1974 FL THE CORPORATION IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES, WHICH PURPOSES INCLUDE - PROVIDING ASSISTANCE TO NONCOMMERCIAL PUBLICLY SUPPORTED BROADCASTING IN SOUTH FLORIDA, INCLUDING BROADCAST PROPERTIES LICENSED TO THE SCHOOL BOARD OF MIAMI-DADE COUNTY, FLORIDA OR LICENSED TO OR MANAGED BY THE CORPORATION AND OPERATING AND MANAGING NONCOMMERCIAL EDUCATIONAL RADIO STATIONS AND TELEVISIONS STATIONS LICENSED TO THE SCHOOL BOARD OF MIAMI-DADE COUNTY FLORIDA OR LICENSED TO OR MANAGED BY THE CORPORATION. 14 14 66 14 0 0 10797824 9235758 390 0 1378395 2451658 1809203 1808126 13985812 13495542 0 0 0 0 5651671 6742370 0 0 3311391 4608656 4515722 10260327 11258092 3725485 2237450 40124011 43783742 485586 503684 39638425 43280058 X SOUTH FLORIDA PUBLIC MEDIA GROUP, INC. DBA FRIENDS OF WLRN, INC. (THE "CORPORATION") WAS INCORPORATED ON JANUARY 22, 1974, UNDER THE LAWS OF THE STATE OF FLORIDA PURSUANT TO SECTION 617.0201 (4) OF THE FLORIDA NOT-FOR-PROFIT CORPORATION ACT WITH A PURPOSE TO SUPPORT AND ENHANCE THE PROGRAM SERVICES OF WLRN-FM 91.3, WKWM-FM 91.5, AND WLRN-TV CHANNEL 17 ("WLRN") AS WELL AS OTHER BROADCAST AND NON-BROADCAST SERVICES LICENSED TO AND/OR OPERATED BY THE SCHOOL BOARD OF MIAMI-DADE COUNTY, FLORIDA ("MDCPS"). ON JULY 1, 2022, THE CORPORATION AMENDED ITS PURPOSE TO BE FOR EDUCATIONAL AND CHARITABLE PURPOSES, SUCH AS TO OPERATE AND MANAGE NONCOMMERCIAL EDUCATIONAL RADIO AND TELEVISION STATIONS AND TO PROVIDE ASSISTANCE TO NONCOMMERCIAL PUBLICLY SUPPORTED BROADCASTING IN SOUTH FLORIDA, INCLUDING BROADCAST PROPERTIES LICENSED TO MDCPS OR LICENSED TO OR MANAGED BY THE CORPORATION. 0 0 6630279 DURING THE YEAR, THE ORGANIZATION MANAGED WLRN TV AND WLRN RADIO ON BEHALF OF THE MIAMI-DADE COUNTY PUBLIC SCHOOLS, THE LICENSEE, ACCORDING TO A MEDIA MANAGEMENT AGREEMENT WHICH COMMENCED ON JULY 1, 2022. THE ORGANIZATION COMPLETED A STRATEGY PLAN WITH GOALS TO GROW AWARENESS AND REACH AND TO INCREASE FINANCIAL SUPPORT. DURING THE YEAR, THE ORGANIZATION RAISED APPROXIMATELY $9,400,000 AND MADE GRANTS OF APPROXIMATELY $2,500,000 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 $4,300,000 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. 6630279 1 0 0 0 0 0 0 0 0 1 1 1 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 63 0 1 66 1 0 0 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 FL X SHEILA REINKEN 3057977977 172 NE 15TH STREET MIAMI FL 33132 JOSEPH GOLDSTEIN CHAIR TILL 12/23 THEN DIRECTOR 1.00 X X 0 0 0 ROBERT MCGRATH TREASURER 1.00 X X 0 0 0 CHERYL WILKE SECRETARY TILL 12/23 THEN VICE-CHAIR 1.00 X X 0 0 0 RENEE JOHNSON DIRECTOR 1.00 X 0 0 0 JAIME ORTEGA DIRECTOR 1.00 X 0 0 0 KEAREY WAN DIRECTOR 1.00 X 0 0 0 SIDNEY LAZARD DIRECTOR 1.00 X 0 0 0 DARREN STOKES DIRECTOR 1.00 X 0 0 0 LYDIA HARRISON DIRECTOR 1.00 X 0 0 0 RICHARD RAMPELL VICE CHAIR TILL 12/23 THEN CHAIR 1.00 X X 0 0 0 MICHAEL HERNANDEZ DIRECTOR 1.00 X 0 0 0 CHRISTINE KOTLER DIRECTOR 1.00 X 0 0 0 MONICA COLUCCI DIRECTOR AS OF 12/23 TILL 06/24 1.00 X 0 0 0 NIKKI SETNOR DIRECTOR AS OF 04/24 1.00 X 0 0 0 JOHN LABONIA CEO 40.00 X 285144 0 47755 STEPHANIE VEGA CFO 40.00 X 156765 0 40209 SHEILA REINKEN COO 40.00 X 233093 0 41798 SERGIO BUSTOS VICE-PRESIDENT OF NEWS 40.00 X 149039 0 8911 ROSS COOPER DIR OF CORP UNDERWRITING 40.00 X 145806 0 19827 DOUGLAS PETERSEN CHIEF ENGINEER 40.00 X 139768 0 24360 TIMOTHY PADGETT AMERICAS REPORTER 40.00 X 132852 0 24564 CAROLINA FLOOD CORPORATE MARKETING REP 40.00 X 125612 0 23272 1368079 0 230696 17 0 1 0 NATIONAL PUBLIC RADIO PO BOX 79540 BALTIMORE MD 212790540 PROGRAMMING 556153 THE DEVELOPMENT EXCHANGE PO BOX 855349 MINNEAPOLIS MN 554855349 PROFESSIONAL SERVICES 196615 AMERICAN PUBLIC MEDIA CM 9788 PO BOX 78070 ST PAUL MN 551709788 PROGRAMMING 171033 COMMERCE HOUSE LP 110 LESLIE STREET SUITE 200 DALLAS TX 75207 MARKETING 150000 PUBLIC RADIO EXCHANGE PO BOX 989746 MAILSTOP 142 WEST SACRAMENTO CA 95798 PROGRAMMING 127501 9 4942099 4293659 9235758 812811 812811 1768000 1768000 10010195 8371348 1638847 1638847 1638847 OTHER INCOME 900099 40126 40126 40126 13495542 40126 0 4219658 855642 513385 171129 171128 4568334 2804018 510903 1253413 435103 267610 61475 106018 493417 265861 75775 151781 389874 234619 53205 102050 68520 20357 48163 126950 126950 673018 276028 70693 326297 240538 240538 106365 19767 25413 61185 441984 248716 32124 161144 271015 206423 43994 20598 41608 26937 8703 5968 67636 23816 10385 33435 13091 3918 3144 6029 38851 27948 3634 7269 PROGRAM ACQUISITION 1154987 1142387 12600 BAD DEBT EXPENSE 313971 313971 AUDIENCE RESEARCH 215198 215198 INTEREST, CREDIT CARDS, 171864 18278 153586 570126 333291 52454 184381 11258092 6630279 1316422 3311391 649069 599127 274063 168118 1078255 1220058 472220 391572 14656 27989 565594 461737 17305 103857 27597644 31273716 2431523 2428570 7589276 7570735 40124011 43783742 316765 360763 168821 142921 485586 503684 X 39427106 43122845 211319 157213 39638425 43280058 40124011 43783742 2237450 1404183 0 X 0 1 X 1 0 X 10997913 8864701 9754430 10797824 9235758 49650626 10997913 8864701 9754430 10797824 9235758 49650626 49650626 2260401 2286745 2341150 2398495 2580811 11867602 52574 69039 54889 41203 40126 257831 61776059 10461 0.80370 0.80760 X 30034905 0 3840068 200000 126917 33548056 24134811 5187224 2584324 1750110 121344 30034905 27030061 734365 -3477598 152017 24134811 20922536 1400002 5398913 548310 143080 27030061 16638020 4526425 626714 750000 118623 20922536 1.00000 0 0 100725 75973 24752 333137 299854 33283 131732 85910 45822 103857 ALTERNATIVE INVESTMENTS 2428570 C 2428570 DEFERRED LEASE ASSET 7553845 SECURITY DEPOSIT - OFFICE 16890 7570735 X 14854375 1404183 81600 1485783 13368592 126950 126950 13495542 11212742 81600 81600 11131142 126950 126950 11258092 PART X, LINE 2: GAAP REQUIRES MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN AND HAS CONCLUDED THAT AS OF JUNE 30, 2024 AND 2023, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. IF THE CORPORATION WERE TO INCUR AN INCOME TAX LIABILITY IN THE FUTURE, INTEREST WOULD BE REPORTED AS INTEREST EXPENSE AND PENALTIES WOULD BE REPORTED AS INCOME TAXES. THE CORPORATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. X X X 0 0 0 0 0 0 0 1 0 JOHN LABONIA CEO 285144 0 0 0 0 0 29923 0 17832 0 332899 0 0 0 SHEILA REINKEN COO 220593 0 12500 0 0 0 24058 0 17740 0 274891 0 0 0 STEPHANIE VEGA CFO 148405 0 8000 0 360 0 17449 0 22760 0 196974 0 0 0 ROSS COOPER DIR OF CORP UNDERWRITING 145056 0 750 0 0 0 8560 0 11267 0 165633 0 0 0 DOUGLAS PETERSEN CHIEF ENGINEER 134768 0 5000 0 0 0 14808 0 9552 0 164128 0 0 0 SERGIO BUSTOS VICE-PRESIDENT OF NEWS 148679 0 0 0 360 0 8058 0 853 0 157950 0 0 0 TIMOTHY PADGETT AMERICAS REPORTER 132492 0 360 0 0 0 15220 0 9344 0 157416 0 0 0 PART I, LINE 7 ALL NON-FIXED, DISCRETIONARY BONUSES WERE ACCRUED AND PAID DURING 2023. BONUS PAYOUTS ARE BASED ON INDIVIDUAL PERFORMANCE, INDIVIDUAL GOALS MET, AND GENERAL PERFORMANCE OF THE COMPANY. THE CEO'S BONUS IS DETERMINED BY THE COMPENSATION COMMITTEE OF THE BOARD. THE COO'S BONUS IS DETERMINED BY THE CEO. ALL OTHER BONUSES ARE TO THE COO AND CEO'S DISCRETION. FORM 990, PART VI, SECTION B, LINE 11B THE CFO AND COO REVIEWS THE FORM 990 AND THEN PROVIDES THE FORM TO THE ORGANIZATION'S GOVERNING BODY FOR REVIEW BEFORE IT IS FINALIZED AND SUBMITTED TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C COMPLIANCE WITH CONFLICT OF INTEREST POLICY IS ENFORCED BY REQUIRING THAT ON AN ANNUAL BASIS ALL TDOKE'S SHALL MAKE A WRITTEN DECLARATION TO THE BOARD CHAIR INDICATING IF THERE ARE ANY CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE ADMINISTRATION COMMITTEE MEETS ON AS NEEDED BASIS TO REVIEW AND RECOMMEND COMPENSATION. THE ORGANIZATION USES ONLINE PUBLIC MEDIA INDUSTRY MARKET DATA TO ASSIST IN DETERMINING COMPENSATION FOR ANY POSITION. THE COMPENSATION COMMITTEE OF THE BOARD IS INVOLVED IN DETERMINING THE CEO'S COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENT AVAILABLE TO THE PUBLIC UPON REQUEST. THE ORGANIZATION'S 990 RETURN IS AVAILABLE FOR PUBLIC INSPECTION THROUGH GUIDESTAR.ORG. SOUTH FLORIDA PUBLIC MEDIA CO 172 NE 15TH STREET MIAMI FL 33132 134366122 SUPPORT WLRN FL 4319636 0 SOUTH FLORIDA MEDIA GROUP INC