2020-04-21T14:02:40-05:00 2019-06-30 651083521 Holyfield & Thomas LLC 125 Butler Street West Palm Beach FL 33407 990 2018-07-01 830462654 The Palm Beach Police Foundation Inc PALM 5618208118 139 North County Rd No 20C Palm Beach FL 33480 John F Scarpa President 5618208118 2020-04-13 1 Scott Y Haynes P01366363 5616896000 173.9.132.9 2020-04-13 10:34:04 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 3F2C1F92F376C90D02AC031579F8DE17ABDFDCC2 2018 2020-09-22 18:59:49Z John F Scarpa 139 North County Rd No 20C Palm Beach FL 33480 4176961 0 X www.pbpf.us X 2006 FL The PBPF 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 and its employees. 16 16 2 32 0 0 2049156 2034614 0 0 -436871 499414 -380483 -204238 1231802 2329790 403456 593208 0 0 0 109441 0 0 40623 316951 311984 720407 1014633 511395 1315157 6162107 7374011 1702 1006 6160405 7373005 The PBPF 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 and its employees. 0 0 766698 593208 Higher Education Scholarships - This program provides scholarships to qualified children of sworn officers and civilian employees of the Palm Beach Police Department. Over the past year, the Foundation awarded higher education scholarships to 26 qualified children. Emergency Financial Assistance - This program offers emergency financial assistance to officers injured or disabled in the line of duty.Police Department Supplements - This program provides supplementary funding to the department for additional training, equipment and other unfunded needs, and grants to officers to attend police memorial. 766698 1 1 0 0 0 0 0 0 0 0 0 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 7 0 1 2 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 16 16 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 20C 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 1.00 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 1.00 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 1.00 X 0 0 0 William I Koch Member 1.00 X 0 0 0 John WS Preston Member 1.00 X 0 0 0 Matthew K Smith Member 1.00 X 0 0 0 Joel M Pashcow Member 1.00 X 0 0 0 0 0 0 0 0 0 0 0 130550 1444223 459841 2034614 118968 118968 1719195 1338749 380446 380446 380446 304184 1444223 508422 -204238 -204238 2329790 0 0 295176 366747 366747 226461 226461 94655 94655 7173 7173 7613 7613 5445 5445 10300 10300 47845 47845 230 230 96091 59515 257 36319 20734 1097 18494 1143 13003 1517 8794 2692 4588 4588 Membership 101667 101667 Community Development 9737 9429 308 Repairs and Maintenance 2344 265 1610 469 1014633 766698 207312 40623 489161 348610 49478 44089 157587 162087 5465881 6819225 6162107 7374011 1702 1006 1702 1006 X 5983178 7195778 177227 177227 6160405 7373005 6162107 7374011 1315157 -102557 0 X X 0 1 X 1 0 X 1241723 957253 1165790 2049156 2034614 7448536 1241723 957253 1165790 2049156 2034614 7448536 85475 7363061 93474 82935 70758 94103 118968 460238 7908774 0.93100 0.91730 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1 0 X 2687810 -102557 508422 405865 2281945 47845 47845 2329790 1475210 508422 508422 966788 47845 47845 1014633 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 508,422. Part XI, Line 4b - Other Adjustments: Investment Management Fee 47,845. Part XII, Line 2d - Other Adjustments: Special Fundraising Events 508,422. Part XII, Line 4b - Other Adjustments: Investment Management Fee 47,845. Police Ball and Auction 1600617 1339835 260782 74647 214760 165032 Golf 147790 104388 43402 50530 3453 1748407 1444223 304184 74647 265290 168485 508422 -204238 1 Palm Beach Police Department 345 S County Road Palm Beach FL 33480 309528 General Support Palm Beach Police Department-Honor Guard 360 S County Road Palm Beach FL 33480 56946 General Services 2 Scholarships 26 224478 Sympathy Basket 2 74 Town of Palm Beach Police 1909 Part I, Line 2: There were three scholarship programs for 2018: 1. Palm Beach Police Foundation Scholarship 2. Charles Evans Scholarship 3. William I. Koch Scholarship The qualifications and details about each scholarship are available upon request. 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.