The Comcast Nbcuniversal Foundation
- Assets
- $21.7m
- Revenue
- $23.1m
- Investments
- $1.2m
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 07/1999
- Data as of
- 12/2023
- EIN
- 51-0390132
Organization Overview
The Comcast Nbcuniversal Foundation is located in Philadelphia, PA. The organization was established in 1999. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Comcast Nbcuniversal Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Comcast Nbcuniversal Foundation generated $23.1m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $45.1m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
THE COMCAST NBCUNIVERSAL FOUNDATION DID NOT MAKE ANY PAYMENTS OF DIRECT OR INDIRECT EXPENSES DURING THE YEAR RELATED TO THE DIRECT ACTIVE CONDUCT OF ITS CHARITABLE ACTIVITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dalila Wilson-Scott President | 0 | $0 | |
Kristine A Dankenbrink Secretary | 0 | $0 | |
Jason Armstrong Treasurer | 0 | $0 | |
Julian A Brodsky Director | 0 | $0 | |
Karen D Buchholz Director | 0 | $0 | |
William Connors Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $33,708,290 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,644,026 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$12,289,063 |
| Capital Gain Net Income | $7,304,778 |
| Net ST Capital Gain | $3,375,489 |
| Income Modifications | $41,380 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $23,063,253 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | -$15,236 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $13,478 |
| Total operating and administrative expenses | $231,337 |
| Contributions, gifts, grants paid | $44,915,397 |
| Total expenses and disbursements | $45,146,734 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,325,513 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $208,013 |
| Total assets | $21,686,993 |
| Accounts payable and accrued expenses | $2,809,445 |
| Grants payable | $9,255,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $12,064,445 |