2016-05-13T09:55:38-05:00 2015-06-30 651083521 Holyfield & Thomas LLC 125 Butler Street West Palm Beach FL 33407 990 2014-07-01 830462654 The Palm Beach Police Foundation Inc PALM 5618208118 139 North County Rd No 20C Palm Beach FL 33480 John F Scarpa President 5618208118 2016-05-12 1 David J Thomas P00002419 5616896000 2014 2016-08-17 19:52:53Z John F Scarpa 139 North County Rd No 20C Palm Beach FL 33480 2512212 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. 17 17 0 29 0 0 873793 1241723 0 0 60832 87472 -205882 -235429 728743 1093766 191961 435427 0 0 0 0 0 0 10029 111487 148313 303448 583740 425295 510026 3110209 3558722 40000 57830 3070209 3500892 X 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 495890 435427 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 $102,000 to qualified children. Palm Beach Crime Watch - This program provides support to citizen crime prevention programs for residents, schools and the business community. The Foundation provides up to $25,000 a year to Palm Beach Crime Watch.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, including the Town of Palm Beach camera surveillance system. The Foundation was able to provide $170,000 to the Town of Palm Beach for the purchase of a new police boat in 2014. 495890 1 1 0 0 0 1 0 0 0 1 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 3 0 1 0 0 0 0 0 0 1 1 0 0 0 0 X 17 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 0 0 0 FL X Jennifer Recarey 5618208118 139 N County Rd Suite 20C Palm Beach FL 33480 X John F Scarpa President 3.00 X X 0 0 0 Tim Moran Vice President Emeritus 1.00 X X 0 0 0 David S Mack 1st Vice President 1.00 X X 0 0 0 Gerald Frank Secretary/Treasurer 1.00 X X 0 0 0 Michael Belisle 2nd Vice President 1.00 X X 0 0 0 Annie Falk 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 Stephen Levin 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 E Llwyd Ecclestone Member 1.00 X 0 0 0 0 0 0 0 0 0 0 0 48000 948488 245235 19250 1241723 93474 93474 990640 996642 -6002 -6002 -6002 186375 948488 421804 -235429 -235429 1093766 0 0 -147957 254927 254927 180500 180500 510 510 8288 8288 16933 16933 19667 4562 5980 9125 4187 4187 10828 10828 4685 4685 Outreach 28724 28724 Membership 26725 26725 Administration 23779 23779 Website 3617 452 2261 904 370 370 583740 495890 77821 10029 336170 783519 6000 67226 124716 2706813 2644487 3110209 3558722 26000 50830 14000 7000 40000 57830 X 2860709 3365434 209500 135458 3070209 3500892 3110209 3558722 510026 -79343 0 X X 0 1 X 1 0 X 636548 784991 935095 962718 1241723 4561075 636548 784991 935095 962718 1241723 4561075 327009 4234066 17037 40193 34918 71772 93474 257394 20 2087 2107 4820576 0.87830 0.85440 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 20000 94042 135458 1 1 209500 20000 94042 135458 138000 89500 18000 209500 150000 12000 138000 100000 50000 150000 50000 50000 100000 0 0 0 X 1416977 -79343 402554 323211 1093766 0 1093766 986294 402554 402554 583740 0 583740 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 (Not including auction items sold) 402,554. Part XII, Line 2d - Other Adjustments: Special Fundraising Events (Not including auction items sold) 402,554. Police Ball and Auction 1051458 884658 166800 19250 349584 Golf Tournament 83405 63830 19575 52970 1134863 948488 186375 19250 402554 421804 -235429 1 Palm Beach Crime Watch Inc PO Box 3422 Palm Beach FL 33480 25000 Unrestricted Contribution Town of Palm Beach Police Department 360 South County Road Palm Beach FL 33480 217900 Unrestricted Contribution Fraternal Order of Police PO Box 3422 Palm Beach FL 33480 12027 Unrestricted Contribution The organization awards educational scholarships/financial assistance to family members of the Town of Palm Beach Police Department. 4 102000 Direct Assistance to Town of Palm Beach Police Officers 12 78000 Part I, Line 2: There are three scholarship programs: 1. Palm Beach Police 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 11 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.