2023-12-26T17:00:14-06:00 2023-06-30 BDO USA 8401 GREENSBORO DRIVE 800 MCLEAN VA 22102 990 2022-07-01 201476451 PBS Foundation % MEGHAN BIGGS-VP & CONTROLLER PBSF 7037395051 1225 SOUTH CLARK STREET Arlington VA 22202 THOMAS E TARDIVO CFO & Treasurer 7037395051 2023-12-21 true THOMAS E TARDIVO 999009999 Marc Berger P01871563 7038930600 2 2022 2023-04-26 12:10:37Z PAULA A KERGER 1225 SOUTH CLARK STREET Arlington VA 22202 21065409 false X https://www.pbs.org/foundation/ X 2004 DC SEE SCHEDULE O 16 15 21 18 0 0 15488318 17384316 0 0 2298061 331399 0 0 17786379 17715715 7167617 11487629 0 0 3106515 3470683 396102 97002 2372305 738660 887027 11408894 15942341 6377485 1773374 37997942 43218575 13174197 14669032 24823745 28549543 X SEE SCHEDULE O false false 11568091 11487629 0 THE FOUNDATION MAKES GRANTS TO PBS TO SUPPORT THE WORK OF PBS. GRANTS TO PBS IN THE FISCAL YEAR ENDED JUNE 30, 2023 CONSIST OF FUNDING TO SUPPORT CONTENT INCLUDING CLIMATE PROGRAMMING, HENRY LOUIS GATES JR.'S PRODUCTIONS, AND CIVICS, NEWS JOURNALISM AND PUBLIC AFFAIRS PROGRAMMING. 11568091 true true false false false false false false true true true false false false true true true true false false false false false true false false false true false true false false false false false false false false true false false false false true false false false true 13 0 true 21 true false false false false false false false false false false false false X 16 15 false false false false true true true true true false false true true true true true true true false false AL AK AR CA CO CT DC FL GA HI IL KS KY ME MD MA MI MN MS MO NV NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI X MEGHAN BIGGS-VP CONTROLLER 7037395000 1225 SOUTH CLARK STREET ARLINGTON VA 22202 X PAULA A KERGER PRESIDENT & DIRECTOR 8.0 32.0 X X 0 1055134 113526 JONATHAN BARZILAY CHIEF OPERATING OFFICER 1.0 39.0 X 0 685206 94419 KATHERINE LAUDERDALE CHIEF LEGAL & GOV. OFFICER 5.0 35.0 X 0 502354 76382 THOMAS E TARDIVO TREASURER 5.0 35.0 X 0 457530 78050 BRIAN J REDDINGTON EXECUTIVE DIRECTOR 40.0 0.0 X 373964 0 43854 JILL PATRONE CORPORATE SECRETARY 5.0 35.0 X 0 292796 55248 TIAJUANA GRAHAM VP, INDIVIDUAL GIVING 40.0 0.0 X 235142 0 49989 IDALIA RAMOS VP & DEPUTY DIRECTOR 40.0 0.0 X 239308 0 20392 CARRIE C SCOTT SR.DIR, PRINCIPAL GIFTS 40.0 0.0 X 203960 0 42871 MAUREEN GRIECO SR.DIR, PRINCIPAL GIFTS 40.0 0.0 X 210805 0 12359 JENNIFER DUMAS SR.DIR, PRINCIPAL GIFTS 40.0 0.0 X 186506 0 2903 KATHLEEN RUSSELLTHRU 0223 ASST. CORPORATE SECRETARY 5.0 35.0 X 0 131827 11535 DONALD A BAER DIRECTOR 1.0 0.0 X 0 0 0 FRED BERENS DIRECTOR, VICE CHAIR 1.0 0.0 X 0 0 0 AFSANEH BESCHLOSS DIRECTOR, CHAIR 1.0 0.0 X 0 0 0 MARY GF BITTERMAN DIRECTOR, CHAIR EMERITA 1.0 0.0 X 0 0 0 JOHN S DOMASCHKO DIRECTOR 1.0 0.0 X 0 0 0 ROB DUNLOP DIRECTOR, EX-OFFICIO 1.0 2.0 X 0 0 0 LARRY IRVING DIRECTOR, EX-OFFICIO 1.0 4.0 X 0 0 0 SUSAN JACOBSON DIRECTOR, VICE CHAIR 1.0 0.0 X 0 0 0 ALLAN LANDON DIRECTOR 1.0 0.0 X 0 0 0 SUSAN MARCUS DIRECTOR 1.0 0.0 X 0 0 0 RYAN NOLAN DIRECTOR 1.0 0.0 X 0 0 0 ROGER SANT DIRECTOR 1.0 0.0 X 0 0 0 LISA SHUMATE DIRECTOR 1.0 0.0 X 0 0 0 LAURIE S SILVERS DIRECTOR 1.0 0.0 X 0 0 0 CAMILLA SMITH DIRECTOR 1.0 0.0 X 0 0 0 DAVID R WEAVER DIRECTOR 1.0 0.0 X 0 0 0 1449685 3124847 601528 12 false true false Birdsall Voss Associates Inc 250 West Coventry Court Suite 300 MILWAUKEE WI 53217 CONSULTING 250000 1 3270970 839876 13273470 809930 17384316 0 549534 0 549534 0 0 0 0 0 3131559 3349694 -218135 -218135 -218135 0 0 0 0 0 0 0 0 0 0 17715715 0 331399 X 11487629 11487629 0 0 0 435428 217714 217714 0 2477932 1076962 1400970 147829 62021 85808 233741 102586 131155 175753 81156 94597 0 52688 52688 43544 43544 0 97002 97002 73197 73197 125882 0 125882 0 96956 96956 46538 46538 60021 60021 0 186706 83535 103171 88271 17654 70617 0 99087 24772 74315 0 0 0 0 ADMIN COST RECOVERY 0 80462 -80462 0 CREDIT CARD AND BANK FEES 9401 0 9401 0 MISCELLANEOUS 4736 0 4736 0 15942341 11568091 2001945 2372305 908693 908133 5771563 6434937 13922865 13909408 0 0 0 0 0 0 0 0 0 0 1950 2686 178934 0 178934 17298514 21784477 0 0 0 0 0 0 94357 0 37997942 43218575 577505 816584 12494265 13590054 0 0 0 0 102427 88832 0 0 0 0 0 0 0 173562 13174197 14669032 X 17621264 21300318 7202481 7249225 24823745 28549543 37997942 43218575 X 1773374 1948169 4255 X false true X true false X X X 1 PUBLIC BROADCASTING SERVICE 520899215 7 true 11487629 0 1 11487629 0 true false false false false false false false false false false false false false false true false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true X 17645281 1530325 1967511 21143117 20601901 694372 -3418254 232738 17645281 13806063 2658464 4346326 208952 20601901 13334735 607107 64705 200484 13806063 11901879 1091550 671913 330607 13334735 0.67080 0.32920 false false 178934 178934 178934 0 DUE TO PBS 173562 173562 X 20088110 1948169 497423 2445592 17642518 73197 73197 17715715 16366567 497423 497423 15869144 73197 73197 15942341 SCHEDULE D, PART IV, LINE 2b: THE AMOUNT ON FORM 990, PART X, LINE 21 REPRESENTS THE VALUE OF CHARITABLE GIFT ANNUITY LIABILITIES. PBSF HAS CHARITABLE GIFT ANNUITY ARRANGEMENTS BETWEEN DONORS AND THE ORGANIZATION IN WHICH THE DONORS RECEIVE A REGULAR PAYMENT FOR LIFE BASED ON THE VALUE OF ASSETS TRANSFERRED TO THE ORGANIZATION. AFTER THE DONOR'S DEATH, THE ASSETS ARE RETAINED BY THE ORGANIZATION. THE RESIDUUM OF THE GIFT SHALL BE USED BY PBSF AS SPECIFIED BY THE DONORS. SCHEDULE D, PART V, LINE 4: THE PBS ENDOWMENT FUND CONSISTS OF INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. AS REQUIRED BY U.S. GAAP, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED STIPULATIONS. THE FOUNDATION REPORTS THOSE FUNDS IN ACCORDANCE WITH FASB ASC 958, ENDOWMENTS OF NOT-FOR-PROFIT ORGANIZATIONS: NET ASSET CLASSIFICATIONS OF FUNDS SUBJECT TO AN ENACTED VERSION OF THE UNIFORM PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT (UPMIFA), AND ENHANCED DISCLOSURES FOR ALL ENDOWMENT FUNDS. AT JUNE 30, 2023 AND 2022, THE FOUNDATION HAS ENDOWMENT FUNDS TOTALING $21,143,117 AND $17,645,281, RESPECTIVELY. OF THIS BALANCE, FUNDS TOTALING $5,741,778 AND $5,741,453 WERE RESTRICTED IN PERPETUITY AT JUNE 30, 2023 AND 2022, RESPECTIVELY. IN ADDITION TO THE NET ASSETS WITH DONOR RESTRICTIONS, THE FOUNDATION HAS BOARD DESIGNATED ENDOWMENT FUNDS. DONOR-RESTRICTED ENDOWMENT FUNDS: THE IRIS AND JOSEPH POLLOCK FUND: TO PROVIDE FOR THE BROADCAST AND DISSEMINATION OF CLASSICAL MUSIC PROGRAMMING. NEWS, JOURNALISM, AND PUBLIC AFFAIRS FUND OF THE PBS ENDOWMENT FUND: TO SUPPORT NEWS, JOURNALISM, AND PUBLIC AFFAIRS PROGRAMMING, PARTICULARLY IN THE AREAS OF INVESTIGATIVE JOURNALISM FOUND IN PROGRAMS LIKE PBS NEWSHOUR AND FRONTLINE, BROADCAST BY PBS. BOARD DESIGNATED FUND: PBS ENDOWMENT FUND: TO PROVIDE A CONTINUED SOURCE OF INCOME FOR OPERATIONS, SPECIAL PROJECTS, CAPITAL IMPROVEMENTS OR FOR EMERGENCY NEEDS. SCHEDULE D, PART X, LINE 2: UNDER ASC 740-10, INCOME TAXES, AN ORGANIZATION MUST RECOGNIZE THE TAX BENEFIT ASSOCIATED WITH TAX POSITIONS TAKEN FOR TAX RETURN PURPOSES WHEN IT IS MORE-LIKELY-THAN-NOT THAT THE POSITION WILL BE SUSTAINED. THE FOUNDATION DOES NOT BELIEVE THERE ARE ANY UNRECOGNIZED TAX BENEFITS THAT SHOULD BE RECORDED. FOR THE YEARS ENDED JUNE 30, 2023 AND 2022, THERE WERE NO INTEREST OR PENALTIES RECORDED OR INCLUDED IN THE STATEMENTS OF ACTIVITIES. THE FOUNDATION IS STILL OPEN TO EXAMINATION BY TAXING AUTHORITIES FROM FISCAL YEAR 2020 FORWARD. X X X true Birdsall Voss AssocInc 250 West Coventry Court Suite 300 MILWAUKEE WI 53217 CONSULTING false 50000 -50000 Marts and Lundy 160 Chubb Avenue Suite 303 Lyndhurst NJ 07071 consulting false 47002 -47002 97002 -97002 AL AK AR CA CO CT DC FL GA HI IL KS KY ME MD MA MI MN MS MO NV NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI true PUBLIC BROADCASTING SERVICE 1225 South Clark St ARLINGTON VA 22202 520899215 501(C)(3) 11487629 SEE PART IV 1 0 SCHEDULE I, PART I, LINE 2: THE PBS FOUNDATION'S PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS IN THE U.S. INCLUDE THE FOLLOWING: 1) ORGANIZING THE RECEIPT AND MANAGEMENT OF FUNDING. 2) ENSURING A TASK MANAGEMENT PLAN IS ESTABLISHED TO MEET THE FUNDER'S REQUIREMENTS. 3) IMPLEMENTING A SYSTEM OF COMPLIANCE MANAGEMENT TO ENSURE RESOURCES ARE PROPERLY STEWARDED. 4) MAINTAINING ACCOUNTING AND FINANCIAL MANAGEMENT SYSTEMS AND PRACTICES. 5) FOLLOWING AUDIT MANAGEMENT GUIDELINES. 6) PROVIDING REGULAR REPORTING TO THE FUNDER AS REQUIRED. SCHEDULE I, PART II COLUMN (H) - PURPOSE OF GRANT OR ASSISTANCE PUBLIC BROADCASTING SERVICE: RESTRICTED GRANTS (11,487,629.) TO SUPPORT PUBLIC BROADCASTING SERVICE PROGRAMMING. false false false false false false false true false PAULA A KERGER PRESIDENT & DIRECTOR 0 800309 0 217875 0 36950 0 61000 0 52526 0 1168660 0 0 JONATHAN BARZILAY CHIEF OPERATING OFFICER 0 495993 0 172450 0 16763 0 57850 0 36569 0 779625 0 0 KATHERINE LAUDERDALE CHIEF LEGAL & GOV. OFFICER 0 413880 0 86625 0 1849 0 59150 0 17232 0 578736 0 0 THOMAS E TARDIVO TREASURER 0 370065 0 80450 0 7015 0 42650 0 35400 0 535580 0 0 JILL PATRONE CORPORATE SECRETARY 0 255096 0 37700 0 0 0 21100 0 34148 0 348044 0 0 BRIAN J REDDINGTON EXECUTIVE DIRECTOR 315868 0 57075 0 1021 0 27450 0 16404 0 417818 0 0 0 IDALIA RAMOS VP & DEPUTY DIRECTOR 214583 0 24725 0 0 0 17308 0 3084 0 259700 0 0 0 TIAJUANA GRAHAM VP, INDIVIDUAL GIVING 206942 0 28200 0 0 0 17308 0 32681 0 285131 0 0 0 MAUREEN GRIECO SR.DIR, PRINCIPAL GIFTS 203255 0 7550 0 0 0 1400 0 10959 0 223164 0 0 0 CARRIE C SCOTT SR.DIR, PRINCIPAL GIFTS 194760 0 9200 0 0 0 16079 0 26792 0 246831 0 0 0 JENNIFER DUMAS SR.DIR, PRINCIPAL GIFTS 178956 0 7550 0 0 0 1225 0 1678 0 189409 0 0 0 SCHEDULE J, PART I, LINE 3: THE EXECUTIVE DIRECTOR IS COMPENSATED SOLELY BY THE PBS FOUNDATION. THE RELATED ORGANIZATION, PBS, USES A THIRD-PARTY CONSULTANT WHO IS A COMPENSATION EXPERT TO PROVIDE COMPARABILITY DATA FOR THE FOUNDATION'S EXECUTIVE DIRECTOR POSITION EACH YEAR. THE PBS CHIEF OPERATING OFFICER WORKING WITH THE HUMAN RESOURCE DEPARTMENT AND USING THIS COMPARABILITY DATA, MAKES A COMPENSATION RECOMMENDATION FOR THE FOUNDATION'S EXECUTIVE DIRECTOR POSITION. THE CHIEF EXECUTIVE OFFICER REVIEWS AND APPROVES THE RECOMMENDATION MADE BY THE CHIEF OPERATING OFFICER. THE FOUNDATION'S CHIEF EXECUTIVE OFFICER IS NOT COMPENSATED BY THE FILING ORGANIZATION. SCHEDULE J, PART I, LINE 7: BONUSES ARE DISCRETIONARY AND DETERMINED ON AN ANNUAL BASIS BY THE PRESIDENT AND APPROVAL OF THE BOARD OF DIRECTORS. X 14 809930 MARKET VALUE false true true SCHEDULE M, PART I, COLUMN (B): REPRESENTS THE NUMBER OF CONTRIBUTIONS RECEIVED. SCHEDULE M, Part I, LINE 31: NON-STANDARD GIFTS ARE REVIEWED FOR APPROPRIATENESS BY THE GIFT ACCEPTANCE COMMITTEE (GAC). SCHEDULE M, Part I, LINE 32 a, b: THE PBS DIRECTOR OF TREASURY OPERATIONS PROVIDES ASSISTANCE IN LIQUIDATING NON-CASH CONTRIBUTIONS DIRECTED TO THE PBS FOUNDATION, AND PROVIDES OVERSIGHT TO THE FOUNDATION'S ENDOWMENT FUNDS INVESTMENT PORTFOLIO. FORM 990, PART I, LINE 1: TO ENLIST PHILANTHROPIC SUPPORT OF PUBLIC BROADCASTING THROUGH ESTABLISHING SPECIAL INITIATIVES FUNDS TO ENSURE PBS'S CONTINUED EXCELLENCE, AND TO PROMOTE AND ENHANCE OUTSTANDING PUBLIC BROADCASTING PROGRAMS AND SERVICES. As the supporting arm of PBS, the Foundation solicits funds in support of the various programmatic efforts of PBS. A significant portion of this revenue is recorded on the PBS' consolidated financial statements. The Foundation raised $33.2 million and $42.1 million, respectively, for the years ended June 30, 2023 and 2022. These funds include contributions recognized in accordance with ASC 958-605, Not-for-Profit Entities - Revenue Recognition, and exchange transactions that are recognized in accordance with FASB ASC Topic 606, Revenue from Contracts with Customers. Of these raised funds, $28.9 million and $39.1 million were recorded as revenue on PBS' consolidated financial statements, respectively, for the years ended June 30, 2023 and 2022. FORM 990, PART III, LINE 1: THE FOUNDATION ENLISTS PHILANTHROPIC SUPPORT OF PUBLIC BROADCASTING THROUGH ESTABLISHING SPECIAL INITIATIVES FUNDS AND AN ENDOWMENT TO ENSURE PBS'S CONTINUED EXCELLENCE, AND TO PROMOTE AND ENHANCE OUTSTANDING PUBLIC BROADCASTING PROGRAMS AND SERVICES. WORKING COLLABORATIVELY AND COOPERATIVELY WITH MEMBER STATIONS, THE FOUNDATION ENDEAVORS TO SECURE THE EXTRAORDINARY FUNDING NECESSARY TO MAINTAIN AND ENHANCE PBS'S COMMITMENT TO SERVING THE AMERICAN PUBLIC. FORM 990, PART VI, SECTION A, LINE 1a & 1b: The PBSF board has 17 members, 16 of whom are voting and one of whom is non-voting. FORM 990, PART VI, SECTION A, LINE 6: PBS IS PBS FOUNDATION'S SOLE MEMBER (ARTICLE 2.1 OF THE PBS FOUNDATION BYLAWS). FORM 990, PART VI, SECTION A, LINE 7A: PER ARTICLE 3.2 OF THE PBS FOUNDATION BYLAWS, THE CHAIR OF THE PBS BOARD OF DIRECTORS, THE PRESIDENT OF PBS, AND EITHER A PBS BOARD MEMBER OR A SENIOR EXECUTIVE OF PBS AS DESIGNATED BY THE PBS BOARD CHAIR AND THE PBS PRESIDENT, SHALL SERVE AS EX OFFICIO, VOTING MEMBERS OF THE BOARD ("EX OFFICIO DIRECTORS"). UP TO SEVENTEEN (17) ADDITIONAL VOTING DIRECTORS MAY BE ELECTED BY THE MEMBER TO SERVE ON THE BOARD AT ANY GIVEN TIME ("ELECTED DIRECTORS"). FORM 990, PART VI, SECTION A, LINE 7B: PER ARTICLE 3.3 OF THE BYLAWS, PBS'S NOMINATING AND CORPORATE GOVERNANCE COMMITTEE MUST APPROVE ALL APPOINTMENTS OF PBS FOUNDATION BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B: THE PROCESS FOR REVIEWING THE PBS FOUNDATION FORM 990 PRIOR TO FILING INCLUDES A THOROUGH REVIEW BY THE EXECUTIVE DIRECTOR AND CERTAIN OFFICERS OF THE PBS FOUNDATION, INCLUDING THE PRESIDENT, TREASURER, AND CHIEF LEGAL AND GOVERNANCE OFFICER. THESE OFFICERS OF THE FOUNDATION ARE ALSO MEMBERS OF THE SENIOR MANAGEMENT TEAM AT PBS. IN ADDITION, COPIES OF THE FORM ARE PROVIDED TO THE FULL BOARD FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C: IN ACCORDANCE WITH PBS'S CONFLICT OF INTEREST POLICY, PBS FOUNDATION EXECUTIVE STAFF, OFFICERS AND BOARD MEMBERS ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST FORM AT THE BEGINNING OF EACH FISCAL YEAR AND ARE REQUIRED TO UPDATE THE FORM AS NECESSARY THROUGHOUT THE YEAR. THESE FORMS ARE DISTRIBUTED, COLLECTED, REVIEWED, AND RETAINED BY PBS FOUNDATION'S CORPORATE SECRETARY. FORM 990, PART VI, SECTION B, LINE 15A &15B: THE FOUNDATION'S PARENT ORGANIZATION, PBS, EXECUTES ON AN ANNUAL BASIS A PROCESS BY WHICH IT DETERMINES THE COMPENSATION FOR THE FOUNDATION'S EXECUTIVE DIRECTOR. THE FOUNDATION'S EXECUTIVE DIRECTOR IS COMPENSATED BY THE FOUNDATION. THE President OF THE FOUNDATION AND ALL OTHER OFFICERS ARE COMPENSATED SOLELY BY THE RELATED ORGANIZATION, PBS. FORM 990, PART VI, SECTION C, LINE 19: FINANCIAL STATEMENTS AND POLICIES GOVERNING THE PBS FOUNDATION ARE MADE AVAILABLE UPON REQUEST IN WRITING. FORM 990, PART VIII, LINE 7A AND 7B: THE PBS FOUNDATION RECEIVES CONTRIBUTIONS IN THE FORM OF SECURITIES WHICH IN PRACTICE IT LIQUIDATES TO CASH AS SOON AS REASONABLY POSSIBLE. THESE AMOUNTS ARE RECORDED AS CONTRIBUTION REVENUE AT FAIR MARKET VALUE (FMV) IN LINE 1F OF THE SCHEDULE, AND ASSIGNED AN EQUIVALENT COST BASIS IN LINE 7B, IN THE PERIOD RECEIVED. THESE SAME SECURITIES ARE RECORDED AT THE GROSS SALES AMOUNT IN LINE 7A OF THE SCHEDULE WHEN SOLD, RESULTING IN AN OFFSETTING GAIN OR LOSS IN FAIR MARKET VALUE (FMV) AT LIQUIDATION. FORM 990, PART IX, LINE 25: THE FOUNDATION IS A SUPPORTING ORGANIZATION WHOSE EFFORTS AND RELATED EXPENDITURES SOMETIMES RESULT IN BENEFITS NOT REFLECTED IN ITS OWN FORM 990 REPORT, AS THESE BENEFITS ARE RECEIVED DIRECTLY BY ITS SUPPORTED ORGANIZATION, PUBLIC BROADCASTING SERVICE. FORM 990, PART XI, LINE 3: RECONCILIATION OF NET ASSETS: SUPPLEMENTAL EXPLANATION: REVENUES ARE GREATER THAN EXPENSES REFLECTING THE TIMING OF RECEIPT OF GRANT FUNDS OR COMMITMENTS IN ONE PERIOD, AND DISBURSEMENT OF THOSE FUNDS IN FULFILLMENT OF THOSE OBLIGATIONS IN SUBSEQUENT PERIODS. PUBLIC BROADCASTING SERVICE 1225 SOUTH CLARK STREET Arlington VA 22202 520899215 SEE PART VII DC 501(c)(3) 07 na false false true true false false false false false false false false true true true true true false false false PART II, COLUMN (B) PRIMARY ACTIVITY: PUBLIC BROADCASTING SERVICE IS A NATIONAL MEMBER ORGANIZATION FOR AMERICA'S PUBLIC TV STATIONS.