2021-05-14T08:36:07-05:00 2020-06-30 651083521 Holyfield & Thomas LLC 125 Butler Street West Palm Beach FL 33407 990 2019-07-01 830462654 The Palm Beach Police and Fire Foundation Inc PALM 5618208118 139 North County Rd No 26 Palm Beach FL 33480 Tim Moran President 5618208118 2021-05-11 1 Scott Y Haynes P01366363 5616896000 2019 2022-09-23 18:48:47Z X Tim Moran 139 North County Rd No 26 Palm Beach FL 33480 4113235 0 X www.pbpf.us X 2006 FL The PBPFF is a charitable organization that underwrites programs and accepts (continued) and manages tax deductible gifts and donations for the benefit of the Palm Beach Police Department, Palm Beach Fire Rescue Department and its employees. 18 18 4 30 0 0 2034614 3046621 0 0 499414 454850 -204238 -337279 2329790 3164192 593208 615032 0 0 109441 172712 0 0 138681 311984 529504 1014633 1317248 1315157 1846944 7374011 9169788 1006 78308 7373005 9091480 X The PBPFF is a charitable organization that underwrites programs and accepts and manages tax deductible gifts and donations for the benefit of the Palm Beach Police Department, Palm Beach Fire Rescue Depepartment and its employees. 0 0 908037 615032 Higher Education Scholarships - This program provides scholarships to qualified children of sworn officers, firefighters and civilian employees of the Palm Beach Police and Fire Rescue Departments. Over the past year, the Foundation awarded higher education scholarships to 39 qualified children, totaling $281,000. Emergency Financial Assistance - This program offers emergency financial assistance to officers and firefighters injured or disabled in the line of duty.Police and Fire Rescue Department Supplements - This program provides supplementary funding to the police and fire rescue (continued) departments for additional training, equipment and other unfunded needs, and grants to officers and firefighters to attend events or in times of need. 908037 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 4 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 18 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 0 0 0 FL X Rebecca Torres 5618208118 139 N County Rd Suite 26 Palm Beach FL 33480 X John F Scarpa President 20.00 X X 0 0 0 Tim Moran Vice President Emeritus 20.00 X X 0 0 0 David S Mack 1st Vice President 5.00 X X 0 0 0 Michael Belisle 2nd Vice President 20.00 X X 0 0 0 Gerald Frank Secretary/Treasurer 1.00 X X 0 0 0 Annie Falk Asst. Secretary/Treasurer 5.00 X X 0 0 0 E Llwyd Ecclestone Member 1.00 X 0 0 0 Mark E Freitas Member 1.00 X 0 0 0 Jeff Greene Member 1.00 X 0 0 0 Lawrence Herbert Member 1.00 X 0 0 0 Joel H Kassewitz Member 1.00 X 0 0 0 Michele Kessler Member 5.00 X 0 0 0 William I Koch Member 1.00 X 0 0 0 John WS Preston Member 5.00 X 0 0 0 Matthew K Smith Member 1.00 X 0 0 0 Joel M Pashcow Member 1.00 X 0 0 0 Howard B Bernick Member 5.00 X 0 0 0 Jeffrey A Marcus Member 5.00 X 0 0 0 0 0 0 0 0 0 0 0 178350 1272257 1596014 3046621 165945 165945 668566 379661 288905 288905 288905 232103 1272257 569382 -337279 -337279 3164192 0 0 117571 4652 4652 610380 610380 153279 61312 30655 61312 8397 3359 1679 3359 11036 4414 2208 4414 14256 14256 20302 20302 52785 52785 16176 2274 4804 9098 138177 89815 48362 100216 4216 94618 1382 42977 6302 27318 9357 12351 12351 3768 3768 Membership 90503 90503 Community Development 29937 29039 898 Repairs and Maintenance 6983 698 4888 1397 Charitable Contribution 1073 1073 1317248 908037 270530 138681 348610 1579375 44089 80500 162087 238872 391039 12351 0 378688 6819225 6892353 7374011 9169788 1006 9544 68764 1006 78308 X 7195778 8983480 177227 108000 7373005 9091480 7374011 9169788 1846944 -128469 0 X X 0 1 X 1 0 X 957253 1165790 2049156 2034614 3046621 9253434 957253 1165790 2049156 2034614 3046621 9253434 114277 9139157 82935 70758 94103 118968 165945 532709 9786143 0.93390 0.93100 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1 265837 3408 262429 125202 8943 116259 378688 X 3552320 -128469 569382 440913 3111407 52785 52785 3164192 1833845 569382 569382 1264463 52785 52785 1317248 Part X, Line 2: The Foundation is exempt from income taxes as an organization described under Section 501(c)(3) of the Internal Revenue Code. However, income from certain activities not directly related to the Foundation's tax-exempt purpose would be subject to taxation as unrelated business income. The Foundation has not realized any such income to date, and no provision for income taxes has been made in the accompanying financial statements. The Foundation files a single federal information return with the Internal Revenue Service, and is not classified as a private foundation. The Foundation follows FASB ASC Topic 740-10, Accounting for Uncertainty in Income Taxes, which seeks to reduce the diversity in practice associated with certain aspects of measurement and recognition in accounting for income taxes. This topic prescribes a recognition threshold and measurement attribute for financial statement recognition and measurement of a tax position that an entity takes or expects to take in a tax return. An entity may only recognize or continue to recognize tax positions that meet a "more likely than not" threshold. The Foundation assesses its income tax positions based on management's evaluation of the facts, circumstances, and information available at the reporting date. Management does not believe the Foundation has any significant uncertain tax positions that would be material to the financial statements. Furthermore, there are no Federal or State open-year tax returns under audit. Part XI, Line 2d - Other Adjustments: Special Fundraising Events 569,382. Part XI, Line 4b - Other Adjustments: Investment Management Fee 52,785. Part XII, Line 2d - Other Adjustments: Special Fundraising Events 569,382. Part XII, Line 4b - Other Adjustments: Investment Management Fee 52,785. Police Ball and Auction 1483710 1272257 211453 235012 321577 Golf 150 150 617 1 20500 20500 12176 1504360 1272257 232103 235012 334370 569382 -337279 1 Palm Beach Police Department 345 S County Road Palm Beach FL 33480 3500 General Support Palm Beach Department Honor Guard 360 S County Road Palm Beach FL 33480 1152 Cost of flights to Washington DC for Honor Guard to visit the White House and participate in the Honor Guard Parade. Educational scholarships - varing from $6,000 - $8,000 depending on students' GPA. 39 281000 Police & Fire Awards, Grants and Special Needs. 18 17030 Emergency Fund assistance for Police and Fire. 150 312350 Part I, Line 2: There were three scholarship programs for 2019-2020: 1. The Palm Beach Police & Fire Foundation Scholarship 2. The Palm Beach & Fire Foundation Gift (formerly the Charles Evans Scholarship) 3. William I. Koch Scholarship The qualifications and details about each scholarship are available upon request. Schedule I Part III (a) Police & Fire Awards, Grants and Special Needs: (Continued) Awards for Police Officer and Firefighter of the Quarter and Police Officer and Firefighter of the Year. Additionally taking into account the balance of account 60301 to fund special need like gift baskets, Turkey Trot and other 5K registrations. Emergency Fund assistance for Police and Fire: (Continued) Emergency fund launched due to Covid-19 to provide needed equipment, meals, cover child care costs, medical bills, ect for Police Officers and Firefighters amidst the pandemic. Form 990, Part VI, Section B, line 11b A copy of the Form 990 is provided to each member of the board of directors before it is filed. Form 990, Part VI, Section B, line 12c The board is notified of situations deemed to be a conflict of interest. Form 990, Part VI, Section C, line 19 The Organization makes its governing documents and other financial statements available to the public upon request. Part XII Line 2c The audit report is reviewed annually at the audit report review meeting as presented by the independent auditor. The process has not changed from prior year.