2024-11-12T22:29:41-06:00 2023-12-31 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 245 PARK AVENUE 12TH FLOOR NEW YORK NY 10167 990 2023-01-01 131975618 BROADCASTERS FOUNDATION OF AMERICA BROA 2123738250 125 WEST 55TH STREET 4TH FLOOR NEW YORK NY 100195366 SCOTT HERMAN CHAIRMAN 2123738250 2024-11-12 1 1 EVA MRUK P00543254 2122862600 2024-11-12 2023 2024-10-15 13:58:12Z TIMOTHY MCCARTHY 125 WEST 55TH STREET 4TH FLOOR NEW YORK NY 100195366 6355778 0 X WWW.BROADCASTERSFOUNDATION.ORG X 1960 NY TO IMPROVE THE QUALITY OF LIFE FOR BROADCAST PROFESSIONALS AND THEIR FAMILIES IN ACUTE NEED. 36 35 7 45 0 0 2304900 2537127 0 0 160247 159377 -34460 -19907 2430687 2676597 1763325 1284325 0 0 1038351 803707 34000 56500 354356 334900 280675 3170576 2425207 -739889 251390 5868979 6779054 75145 139424 5793834 6639630 THE MISSION OF THE BROADCASTERS FOUNDATION OF AMERICA IS TO IMPROVE THE QUALITY OF LIFE OF MEN AND WOMEN IN THE RADIO AND TELEVISION BROADCAST PROFESSION WHO FIND THEMSELVES IN ACUTE FINANCIAL NEED DUE TO A CRITICAL ILLNESS, SEVERE ACCIDENT, OR OTHER SERIOUS MISFORTUNE. 0 0 1832309 1284325 0 BROADCASTERS FOUNDATION OF AMERICA'S SOLE PROGRAM SERVICE IS TO HELP BROADCASTERS IN THE TELEVISION AND RADIO INDUSTRY WHO ARE IN ACUTE NEED. DURING THE 2023 CALENDAR YEAR THE FOUNDATION PROVIDED 118 PROFESSIONAL MEN AND WOMEN IN THE BROADCAST INDUSTRY WITH A TOTAL OF $1,284,325 IN FINANCIAL ASSISTANCE. CHECKS ARE DISBURSED MONTHLY TO BENEVOLENT GRANTEES ACROSS THE COUNTRY AND EMERGENCY GRANTS ARE ISSUED WHEN THE NEED ARISES. 1832309 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 11 0 7 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 36 35 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AL AR CA FL GA HI IL KS KY MD MA MI MN NJ NM NY NC ND OR PA SC TN UT VA WV WI X X X JUDY QUARANTA 2124246363 125 WEST 55TH STREET 4TH FLOOR NEW YORK NY 100195366 X N SCOTT KNIGHT DIRECTOR 10.00 X 52500 0 0 SCOTT HERMAN CHAIR 5.00 X X 0 0 0 JORDAN WERTLIEB VICE CHAIR 5.00 X X 0 0 0 LEO MACCOURTNEY VICE CHAIR/TREASURER 5.00 X X 0 0 0 KATHLEEN KIRBY SECRETARY/GENERAL COUNSEL 5.00 X X 0 0 0 JACK ABERNETHY DIRECTOR 1.00 X 0 0 0 CAROLINE BEASLEY DIRECTOR 1.00 X 0 0 0 PHILIP R BEUTH DIRECTOR 1.00 X 0 0 0 RICHARD J BODORFF DIRECTOR 1.00 X 0 0 0 PATRICK BUTLER DIRECTOR 1.00 X 0 0 0 BRIAN COBB DIRECTOR 1.00 X 0 0 0 HEATHER COHEN DIRECTOR 1.00 X 0 0 0 RAYMOND H COLE DIRECTOR 1.00 X 0 0 0 JOHN DAVID DIRECTOR 1.00 X 0 0 0 ERICA FARBER DIRECTOR 1.00 X 0 0 0 JOSEPH M FIELD DIRECTOR 1.00 X 0 0 0 MARK GRAY DIRECTOR 1.00 X 0 0 0 HILTON HOWELL DIRECTOR 1.00 X 0 0 0 STEVE JONES DIRECTOR 1.00 X 0 0 0 JINNY LADERER DIRECTOR 1.00 X 0 0 0 BRIAN LAWLOR DIRECTOR 1.00 X 0 0 0 CURTIS LEGEYT DIRECTOR 1.00 X 0 0 0 CHAD LOPEZ DIRECTOR 1.00 X 0 0 0 DAVID T LOUGEE DIRECTOR 1.00 X 0 0 0 DENNIS LYLE DIRECTOR 1.00 X 0 0 0 DAN MASON DIRECTOR 1.00 X 0 0 0 CHAD MATTHEWS DIRECTOR (THRU AUG 2023) 1.00 X 0 0 0 WILLIAM MCGORRY DIRECTOR (THRU JUNE 2023) 1.00 X 0 0 0 WENDY MCMAHON DIRECTOR 1.00 X 0 0 0 ELIZABETH NEUHOFF DIRECTOR 1.00 X 0 0 0 DEBORAH NORVILLE DIRECTOR 1.00 X 0 0 0 MICHAEL O'NEILL DIRECTOR 1.00 X 0 0 0 I MARTIN POMPADUR DIRECTOR 1.00 X 0 0 0 DEBORAH ROBERTS DIRECTOR 1.00 X 0 0 0 PERRY SOOK DIRECTOR 1.00 X 0 0 0 VALARI STAAB DIRECTOR 1.00 X 0 0 0 JEFFREY WARSHAW DIRECTOR 1.00 X 0 0 0 DIANA WILKIN DIRECTOR 1.00 X 0 0 0 TIMOTHY MCCARTHY PRESIDENT 40.00 X 315000 0 32739 EMILY BARRATT VP, GRANTS & OPERATIONS 40.00 X 90915 0 21392 PETER DOYLE VICE PRESIDENT 40.00 X 85816 0 18940 KEITH GORALSKI VP, FUNDRAISING 40.00 X 26667 0 19289 JUDITH E PETERSON VP, FINANCE 40.00 X 92345 0 3863 STEVE LANZANO VICE PRESIDENT 1.00 X 0 0 0 JULIE TALBOTT VICE PRESIDENT 1.00 X 0 0 0 CHARLIE WEISS VICE PRESIDENT 1.00 X 0 0 0 663243 0 96223 1 0 1 0 CPS EVENTS LLC 770 FIFTH AVENUE NEW YORK NY 10019 EVENT SERVICES 105766 1 698168 1838959 27486 2537127 144870 144870 3310031 3295524 14507 14507 14507 363750 698168 383657 -19907 -19907 2676597 0 0 139470 1284325 1284325 706965 410382 108217 188366 34979 16404 11430 7145 19934 10324 3454 6156 41829 21663 7248 12918 41550 41550 56500 56500 125 125 2569 2569 5336 5336 47428 28911 15041 3476 4212 2106 2106 1895 834 455 606 60358 18596 8779 32983 2044 2044 3772 3772 INDUSTRY EVENTS 43100 21550 21550 OUTREACH 34428 17214 17214 BAD DEBT EXPENSE 29800 29800 MISCELLANEOUS 4058 4058 2425207 1832309 238542 354356 642422 458484 2873100 411065 475180 649840 53001 50703 35486 30556 5074 4930 1818902 5202732 1300 1300 5868979 6779054 75145 60924 0 78500 75145 139424 X 5724952 6215807 68882 423823 5793834 6639630 5868979 6779054 X 251390 604406 -10000 X X 0 1 X 1 0 X 2059863 2025844 1783417 2294900 2537127 10701151 2059863 2025844 1783417 2294900 2537127 10701151 49503 10651648 213158 180620 252719 97482 144870 888849 135054 48127 183181 1672 1672 11774853 0.90460 0.87200 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2021 AMOUNT: $ 1,672. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 21131 16201 4930 14355 14355 0 4930 X 3400878 604406 120000 724406 2676472 125 125 2676597 2555082 120000 10000 130000 2425082 125 125 2425207 PART X, LINE 2: THE FOUNDATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE FOUNDATION HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE FOUNDATION IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO DECEMBER 31, 2020. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON UNCOLLECTIBLE PLEDGE 10,000. X X X X X X 1 KNIGHT MEDIA GROUP 867 BOYLSTON STREET STE 602 BOSTON MA 02199 STRATEGIC PLANNING & FUNDRAISING SUPPORT 0 376228 56500 319728 376228 56500 319728 AL AK AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY DC GOLDEN MIC 482650 342400 140250 93134 6500 54725 CELEBRITY GOLF 376228 181228 195000 11034 96140 16070 2 203040 174540 28500 10985 57028 53 37988 1061918 698168 363750 22019 153168 93187 6500 108783 383657 -19907 SCHEDULE G, PART I, LINE 2B, COLUMN (V) THE ORGANIZATION HAS ENTERED INTO AN AGREEMENT WITH KNIGHT MEDIA GROUP TO PROVIDE STRATEGIC PLANNING AND GENERAL FUNDRAISING SUPPORT. PER THE TERMS OF THE CONTRACT, THE ORGANIZATION IS BILLED $9,000 PER QUARTER FOR THESE SERVICES, WITH EXPENSES BEING BILLED SEPARATELY, AND ON A MONTHLY BASIS AS THEY ARE INCURRED. ADDITIONALLY, THE ORGANIZATION PAYS A $4,000 BONUS FOR ACHIEVING CERTAIN GROSS REVENUE NUMBERS, AS WELL AS $1,500 FOR EACH CLIENT THAT PURCHASES ALL SPONSORSHIP EVENTS. THE AGREEMENT ALSO PROVIDES FOR FEES FOR SERVICES BASED ON VARIOUS FUNDRAISING TARGETS 1 MONTHLY GRANTS - FINANCIAL ASSISTANCE 109 1281825 EMERGENCY GRANTS - FINANCIAL ASSISTANCE 9 2500 PART I, LINE 2: GRANT APPLICATIONS FOR MONTHLY FINANCIAL ASSISTANCE ARE SUBMITTED TO THE ADMINISTRATION OFFICE. THE OFFICE ADMINISTRATOR VERIFIES THE INFORMATION, INTERVIEWS PROSPECTIVE GRANTEES, AND DETERMINES, WITH THE PRESIDENT'S REVIEW, IF APPLICANT QUALIFIES FOR A GRANT. THE APPLICANT'S FILE IS FORWARDED TO THE EXECUTIVE COMMITTEE OR THE BOARD OF DIRECTORS FOR REVIEW. THE EXECUTIVE COMMITTEE OR THE BOARD OF DIRECTORS VOTES ON THE GRANTEE'S APPLICATION. IF THE GRANTEE IS APPROVED, A MONTHLY DOLLAR AMOUNT IS AWARDED TO THE GRANTEE. THE GRANTEE MUST PROVIDE ANNUAL UPDATED INFORMATION WHICH IS REVIEWED BY THE OFFICE ADMINISTRATOR AND EXECUTIVE COMMITTEE. IN ADDITION, THE FOUNDATION PROVIDES ONE-TIME FINANCIAL ASSISTANCE TO A BROADCASTER WHO HAS FALLEN VICTIM TO A DISASTER. THE BROADCASTER MUST SUBMIT AN EMERGENCY GRANT APPLICATION THAT IS REVIEWED BY INTERNAL STAFF TO DETERMINE IF APPLICANT QUALIFIES FOR EMERGENCY SUPPORT. THE CHAIRMAN MAY APPROVE AN EMERGENCY GRANT APPLICATION UPON THE RECOMMENDATION OF THE PRESIDENT. X X X 0 0 0 0 0 0 0 1 0 TIMOTHY MCCARTHY PRESIDENT 275000 0 40000 0 0 0 0 0 32739 0 347739 0 0 0 PART I, LINE 7 THE ORGANIZATION PAID DISCRETIONARY BONUSES TO CERTAIN INDIVIDUALS IN 2023. THE AMOUNT IS REPORTED IN PART II, COLUMN B(II). X 3 27486 AVG SELLING PRICE 0 0 0 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTORS IN COLUMN (B). FORM 990, PART VI, SECTION B, LINE 11B BROADCASTERS FOUNDATION OF AMERICA HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. WHEN THE FORM 990 HAS BEEN PREPARED, REVIEWED BY MANAGEMENT AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT IS SUBMITTED ELECTRONICALLY TO MEMBERS OF THE ORGANIZATION'S GOVERNING BODY FOR ANY COMMENTS PRIOR TO ITS SUBMISSION. THE GOVERNING BODY IS PROVIDED WITH A MINIMUM OF ONE WEEK TO REVIEW THE PREPARED FORM 990 AND PROVIDE THEIR COMMENTS. ANY COMMENTS ARE THEN GROUPED, SUMMARIZED AND PROVIDED TO THE AUDIT COMMITTEE FOR THEIR REVIEW. EACH ISSUE IS DOCUMENTED AND ADDRESSED UNTIL THE RETURN IS FINALIZED AND APPROVED FOR FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION CURRENTLY HAS IN PLACE A CONFLICT OF INTEREST POLICY WHICH IT ANNUALLY MONITORS AND ENFORCES. THE BOARD CURRENTLY MANDATES THAT ALL MEMBERS OF MANAGEMENT AND THE GOVERNING BODY ANNUALLY SIGN A CONFLICT OF INTEREST POLICY AND DISCLOSE ANY POTENTIAL OR ACTUAL CONFLICTS THAT MAY EXIST. THE SIGNED CONFLICT OF INTEREST POLICY IS SUBMITTED TO THE ORGANIZATION'S BOARD AND PRESIDENT WHO REVIEW THE SIGNED ATTESTATIONS FOR POTENTIAL OR ACTUAL CONFLICTS. IF A POTENTIAL OR ACTUAL CONFLICT OF INTEREST EXISTS, THE BOARD AND PRESIDENT WILL INVESTIGATE THE CONFLICT. THE RESULTS OF THE INVESTIGATION WILL BE SUMMARIZED AND DOCUMENTED AND BE REPORTED TO THE GOVERNING BODY. IF THE BOARD AND PRESIDENT ESTABLISH THAT AN ACTUAL CONFLICT EXISTS, THE MEMBER OF MANAGEMENT OR THE GOVERNING BODY WILL BE NOTIFIED IMMEDIATELY AND WILL NOT BE ALLOWED TO VOTE OR BE A PART OF ANY DECISIONS ABOUT ANY SUCH TRANSACTIONS THAT HAVE TO DO WITH THE CONFLICT UNTIL SUCH TIME THERE IS NO LONGER A CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE PRESIDENT AND OTHER OFFICERS OF THE ORGANIZATION IS DETERMINED BY THE COMPENSATION COMMITTEE, WITH APPROVAL BY THE BOARD OF DIRECTORS. COMPARABLE COMPENSATION FROM OTHER FOUNDATIONS AND TAX-EXEMPT ORGANIZATIONS, AS WELL AS ANNUAL PERFORMANCE REVIEWS, ARE USED IN THE DETERMINATION PROCESS. THE DISCUSSIONS AND DECISIONS ARE DOCUMENTED IN THE MINUTES OF THE BOARD MEETING. THIS PROCESS WAS LAST CONDUCTED IN 2023. FORM 990, PART VI, SECTION C, LINE 19 BROADCASTERS FOUNDATION OF AMERICA MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. IN ADDITION, THE ORGANIZATION'S FINANCIAL STATEMENTS AND FORM 990 IS AVAILABLE ON THE ORGANIZATION'S WEBSITE. FORM 990, PART VII, SECTION A, LINE 4: N. SCOTT KNIGHT, DIRECTOR, WAS COMPENSATED FOR PROFESSIONAL SERVICES PROVIDED TO THE ORGANIZATION AND NOT PAID IN THE CAPACITY OF A BOARD MEMBER. FORM 990, PART XI, LINE 9: LOSS ON UNCOLLECTIBLE PLEDGE -10,000. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS DID NOT CHANGE FROM THE PRIOR YEAR.