Overview
What is Friends Of Wlrn Inc?
Friends of WLRN Inc. is a nonprofit organization located at 172 NE 15th Street, Miami, Florida. Their primary mission is to raise funds and provide resource development services to support WLRN-TV and WLRN-FM radio stations, both owned by the Miami-Dade County School Board. These stations utilize the funds exclusively for their operations, focusing on delivering information, entertainment, and learning with a commitment to excellence. During the year, Friends of WLRN Inc. managed to raise approximately $9,900,000, out of which they granted around $2,400,000 to the radio stations. Furthermore, the organization incurred approximately $2,900,000 in expenses to South Florida Public Media Company to support WLRN news activities. The organization's workforce comprises 49 employees.
Official website here: www.wlrn.org
What are the reviews and ratings of this charity?
**Charity Navigator Rating: 87% (Three-Star out of Four Star Rating)**
Friends Of Wlrn Inc has achieved a respectable score of 87%, reflecting solid accountability and finance practices, which accounts for their three-star rating. The organization demonstrates full transparency with an entirely independent board and robust governance policies. Their financial health appears strong as evidenced by a low liabilities-to-assets ratio and successful compliance with auditing and oversight practices.
The nonprofit spends a significant portion of its budget on program expenses, yet the program expense ratio is slightly concerning at about 59%, indicating there may be room for improvement in how funds are allocated to direct programming. Additionally, fundraising efficiency shows some inefficiencies, but the organization maintains a strong working capital ratio, suggesting sustainable operational support over an extended period.
Unfortunately, user reviews from GreatNonprofits are not available to provide additional insights. This lack of user feedback means broader community perspectives on the organization’s impact and effectiveness remain unsourced. Overall, Friends Of Wlrn Inc showcases a commendable commitment to financial accountability, though the efficacy of its programming might benefit from further enhancement.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Of Wlrn Inc legitimate?
Friends Of Wlrn Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of Wlrn Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $721,070
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,975,356
For more financial information, click here
Official website here: www.wlrn.org
What is the mission statement of Friends Of Wlrn Inc?
Friends of WLRN Inc's mission is centered around providing resource development services to support WLRN Public Radio and Television. Their primary goal is to raise funds, with the sole purpose of financially backing the WLRN TV and FM stations, both of which are owned by the Miami-Dade County School Board, a section 501(c)(3) organization. Throughout the year, Friends of WLRN Inc managed to raise approximately $9,900,000 and granted approximately $2,400,000 to these stations. Additionally, they paid around $2,900,000 in expenses to South Florida Public Media Company to bolster WLRN news activities. These funds were utilized by the stations exclusively to carry out their exempt purpose, which includes delivering information, entertainment, and learning with a commitment to excellence.
Official website here: www.wlrn.org
Who is the CEO of Friends Of Wlrn Inc?
Sheila Reinken is the Chair of Friends Of Wlrn Inc. The CEO's salary of Friends Of Wlrn Inc is $211,261 and their total compensation is $241,694.
Official website here: www.wlrn.org
What is the revenue of Friends Of Wlrn Inc?
Friends Of Wlrn Inc's revenue in 2022 was $8,036,695.
Official website here: www.wlrn.org
Who are the executives of Friends Of Wlrn Inc and what are their salaries?
The average compensation at Friends Of Wlrn Inc during 2022 was $75,437. There are 49 employees and 11 volunteers at Friends Of Wlrn Inc.
Here are 19 key members and their salaries (Friends Of Wlrn Inc's CEO's salary is $211,261 and their total compensation is $241,694):
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- Compensation: $128,898
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- Other: $21,810
- Compensation: $211,261
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- Other: $30,433
- Compensation: $222,425
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- Compensation: $122,319
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- Compensation: $121,368
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- Compensation: $133,735
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- Compensation: $109,613
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- Other: $21,923
- Compensation: $106,534
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- Other: $17,892
Official website here: www.wlrn.org
Where can I find the form 990 for Friends Of Wlrn Inc?
Friends Of Wlrn Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wlrn.org
Learn more at the official website: www.wlrn.org
Mission Statement of Friends Of Wlrn Inc
Friends of WLRN Inc, a nonprofit organization, is dedicated to providing resource development services and financial support to WLRN Public Radio and Television. Their mission is centered around raising funds to exclusively aid WLRN-TV and WLRN-FM radio stations, both of which are owned by the Miami-Dade County School Board. This 501(c)(3) organization aims to ensure that these stations can continue to deliver high-quality information, entertainment, and learning to their audience with a commitment to excellence.
Throughout the year, Friends of WLRN Inc plays a crucial role in supporting WLRN TV and FM Radio Stations by making grants, covering expenses, and contributing to their news activities. During a particular year, the organization managed to raise approximately $9,900,000 and granted around $2,400,000 to WLRN-TV and WLRN-FM. Additionally, they paid approximately $2,900,000 in expenses to South Florida Public Media Company to support WLRN news activities. These funds were utilized solely for carrying out the stations' exempt purpose, thereby enabling them to continue providing valuable information and entertainment to their audience.
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Impact
October, 2024
Friends of WLRN Inc significantly enhances the quality and reach of public media in South Florida. By raising approximately $9.9 million in a year, it plays a crucial role in ensuring that WLRN-TV and WLRN-FM can deliver valuable information, entertainment, and educational content to the community. The organization allocated around $2.4 million in grants to these stations, directly supporting their operations and programming.
Additionally, by investing about $2.9 million in expenses to the South Florida Public Media Company, Friends of WLRN bolsters WLRN's news activities, ensuring that the public has access to reliable and informative journalism. These efforts contribute to a well-informed community, enriching public discourse and cultural understanding. The organization's commitment to excellence in resource development services underscores its impact on the local media landscape, fostering a resource-rich environment for learning and engagement.
This information is meant to be a general summary of Friends Of Wlrn Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$3,540,849
- Program Service Revenue: $225
- Gross Receipts: $18,988,452
Assets and Liabilities:
- Total Assets: $35,073,575
- Total Liabilities: $375,754
- Net Assets: $34,697,821
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOCAL AND NATIONAL PRODUCTION
Revenue
$225
Organization Details
Founding Year
1974
Phone
(305) 797-7977Principal Officer
Sheila Reinken
Main Address
172 NE 15TH STREET, MIAMI, FL, 33132
Website
www.wlrn.orgNTEE Category
Code: G41Z - Disease
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