2026-04-20T09:09:25-05:00 2025-06-30 881478669 CBIZ ADVISORS LLC 1899 L STREET NW 850 WASHINGTON DC 20036 990 2024-07-01 237365001 SOUTH FLORIDA PUBLIC MEDIA GROUP INC SOUT 3057977977 172 NE 15TH STREET MIAMI FL 33132 SHEILA REINKEN COO 3057977977 2026-04-16 1 1 AARON FOX P01365820 2022274000 2026-04-16 2024 2025-03-06 01:10:19Z FRIENDS OF WLRN SHEILA REINKEN 172 NE 15TH STREET MIAMI FL 33132 20097478 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. 12 12 66 12 0 0 9235758 10268417 0 400 2451658 3546950 1808126 1844577 13495542 15660344 0 0 0 0 6742370 6934398 0 0 3572177 4515722 4412717 11258092 11347115 2237450 4313229 43783742 48074998 503684 481711 43280058 47593287 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 6332899 76977 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. AS PART OF ITS MANAGEMENT OF THE STATIONS, THE ORGANIZATION GENERATED APPROXIMATELY $9,400,000 IN SUPPORT AND REVENUES WITH WHICH TO OPERATE THE STATIONS. THE ORGANIZATION UTILIZED THESE REVENUES PLUS OTHER FUNDS TO MAKE CONTRIBUTIONS TO COVER APPROXIMATELY $6,600,000 PROGRAMMING AND OPERATION EXPENSES PLUS $4,500,000 IN EXPENSES RELATED TO FUNDRAISING AND MARKETING FOR THE STATIONS. THESE AMOUNTS WERE USED BY THE ORGANIZATION EXCLUSIVELY TO FULFILL ITS TAX EXEMPT PURPOSE. 6332899 1 1 0 0 0 0 0 0 0 1 1 1 0 1 0 1 0 0 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 38 0 1 66 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 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 RICHARD RAMPELL CHAIR 1.00 X X 0 0 0 CHERYL WILKE VICE CHAIR 1.00 X X 0 0 0 DARREN STOKES SECRETARY 1.00 X X 0 0 0 ROBERT MCGRATH TREASURER 1.00 X X 0 0 0 JOSEPH GOLDSTEIN 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 UNTIL 02/25 1.00 X 0 0 0 RENEE JOHNSON DIRECTOR 1.00 X 0 0 0 MICHAEL HERNANDEZ DIRECTOR UNTIL 02/25 1.00 X 0 0 0 CHRISTINE KOTLER DIRECTOR 1.00 X 0 0 0 NIKKI SETNOR DIRECTOR 1.00 X 0 0 0 LYDIA HARRISON DIRECTOR UNTIL 09/24 1.00 X 0 0 0 DANNY ESPINO DIRECTOR AS OF 09/24 1.00 X 0 0 0 YANELIS PEREZ DIRECTOR AS OF 03/25 1.00 X 0 0 0 JOHN LABONIA CEO 40.00 X 300543 0 50798 STEPHANIE VEGA CFO 40.00 X 172542 0 44548 SHEILA REINKEN COO 40.00 X 248354 0 43886 SERGIO BUSTOS VICE-PRESIDENT OF NEWS 40.00 X 167086 0 18629 ROSS COOPER DIR OF CORP UNDERWRITING 40.00 X 143259 0 17264 THOMAS HUDSON - SR ECO EDITOR & SPECIAL CORRESPONDENT 40.00 X 144115 0 47146 TIMOTHY PADGETT AMERICAS REPORTER 40.00 X 135118 0 23968 GISELLE REID VP OF MARKETING & COMM. 40.00 X 133983 0 42837 1445000 0 289076 16 0 1 0 NATIONAL PUBLIC RADIO PO BOX 79540 BALTIMORE MD 212790540 PROGRAMMING 443024 THE DEVELOPMENT EXCHANGE PO BOX 855349 MINNEAPOLIS MN 554855349 PROFESSIONAL SERVICES 247051 PUBLIC RADIO EXCHANGE PO BOX 989746 MAILSTOP 142 WEST SACRAMENTO CA 95798 PROGRAMMING 164292 AMERICAN PUBLIC MEDIA CM 9788 PO BOX 78070 ST PAUL MN 551709788 PROGRAMMING 160097 TRAC MEDIA SERVICES PO BOX 65120 TUCSON AZ 85728 MARKETING 145188 8 5326897 4941520 10268417 LOCAL AND NATIONAL PRODUCTION 900099 400 400 400 946707 946707 1768000 1768000 7037377 4437134 2600243 2600243 2600243 OTHER INCOME 900099 76577 76577 76577 15660344 76977 0 5314950 968346 142723 825623 4549236 2959573 84302 1505361 446845 291557 6848 148440 586189 385231 200958 383782 221406 53711 108665 71927 33829 34069 4029 123166 123166 606972 323892 100507 182573 261583 261583 101443 14888 24455 62100 517847 295376 55318 167153 159567 105312 30940 23315 36434 21559 7422 7453 93413 39447 29651 24315 37013 16970 6368 13675 40051 23602 5006 11443 PROGRAM ACQUISITION 1041525 1020841 20684 BAD DEBT EXPENSE 464862 464862 AUDIENCE RESEARCH 237051 237051 INTEREST, CREDIT CARDS, 176020 20721 155299 443843 199642 33932 210269 11347115 6332899 1442039 3572177 599127 882039 168118 2218001 1220058 1374309 391572 354181 27989 13531 605057 498750 103857 106307 31273716 32494570 2428570 2427513 7570735 8204547 43783742 48074998 360763 339627 142921 142084 503684 481711 X 43122845 47453154 157213 140133 43280058 47593287 43783742 48074998 4313229 0 X X 0 1 X 1 0 X 8864701 9754430 10797824 9235758 10268417 48921130 8864701 9754430 10797824 9235758 10268417 48921130 48921130 2286745 2341150 2398495 2580811 2714707 12321908 69039 54889 41203 40126 76577 281834 61524872 1165 0.79510 0.80370 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 33548056 206145 3538207 200000 123166 36969242 30034905 3840068 200000 126917 33548056 24134811 5187224 2584324 1750110 121344 30034905 27030061 734365 -3477598 152017 24134811 20922536 1400002 5398913 548310 143080 27030061 1.00000 0 0 112725 83455 29270 360600 319566 41034 131732 95729 36003 106307 ALTERNATIVE INVESTMENTS 2427513 C 2427513 DEFERRED LEASE ASSET 7542657 SECURITY DEPOSIT - OFFICE 16890 INVESTMENT DEPOSIT 645000 8204547 X 15618778 81600 81600 15537178 123166 123166 15660344 11305549 81600 81600 11223949 123166 123166 11347115 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, 2025 AND 2024, 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 300543 0 0 0 0 0 32102 0 18696 0 351341 0 0 0 SHEILA REINKEN COO 233354 0 15000 0 0 0 25300 0 18586 0 292240 0 0 0 STEPHANIE VEGA CFO 162542 0 10000 0 0 0 18655 0 25893 0 217090 0 0 0 THOMAS HUDSON - SR ECO EDITOR & SPECIAL CORRESPONDENT 144115 0 0 0 0 0 16846 0 30300 0 191261 0 0 0 SERGIO BUSTOS VICE-PRESIDENT OF NEWS 164086 0 3000 0 0 0 17909 0 720 0 185715 0 0 0 GISELLE REID VP OF MARKETING & COMM. 130483 0 3500 0 0 0 13969 0 28868 0 176820 0 0 0 ROSS COOPER DIR OF CORP UNDERWRITING 141759 0 1500 0 0 0 9033 0 8231 0 160523 0 0 0 TIMOTHY PADGETT AMERICAS REPORTER 135118 0 0 0 0 0 15017 0 8951 0 159086 0 0 0 PART I, LINE 7 ALL NON-FIXED, DISCRETIONARY BONUSES WERE ACCRUED AND PAID DURING 2024. 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. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR. SOUTH FLORIDA PUBLIC MEDIA CO 172 NE 15TH STREET MIAMI FL 33132 134366122 SUPPORT WLRN FL 4336725 0 SOUTH FLORIDA MEDIA GROUP INC