National Cable Satellite Corporation
- Assets
- $201.0m
- Revenue
- $63.8m
- Investments
- $6.7m
- Employees
- 185
- Location
- Washington, DC
- Founding
- 03/1983
- Data as of
- 03/2020
- EIN
- 84-0751854
Organization Overview
National Cable Satellite Corporation is located in Washington, DC. The organization was established in 1983. According to its NTEE Classification (A30) the organization is classified as: Media & Communications, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 03/2022, National Cable Satellite Corporation employed 185 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Cable Satellite Corporation 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 03/2020, National Cable Satellite Corporation generated $63.8m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $63.4m during the year ending 03/2020. As we would expect to see with falling revenues, expenses have declined by (0.7%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, National Cable Satellite Corporation has awarded 12 individual grants totaling $1,049,338. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE TELEVISION AND RADIO NETWORKS OPERATED BY NCSC PROVIDE COVERAGE OF BOTH HOUSES OF THE US CONGRESS AND OTHER GOVERNMENTAL AND PUBLIC AFFAIRS EVENTS. THESE EVENTS ARE ALSO AVAILABLE VIA NCSC WEBSITES WHICH HOST MORE THAN 250,000 HOURS OF CONTENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce Collins Vice-President/gen. Counsel - Outgoing | Officer | 45 | $897,877 |
Susan Swain Vice-President And Co-Ceo | OfficerTrustee | 45 | $766,697 |
Robert Kennedy Vice-President And Co-Ceo; Treasurer | OfficerTrustee | 45 | $759,059 |
Kathy Cahill Manager - Outgoing | 45 | $637,976 | |
Brian Lamb Manager/director | Trustee | 45 | $376,533 |
Terence Murphy Manager | 45 | $364,448 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
National Captioning Institute Inc Closed Captioning | 3/30/22 | $527,511 |
Media Captioning Services Inc Closed Captioning | 3/30/22 | $390,270 |
Vitac Corporation Closed Captioning | 3/30/22 | $285,191 |
Globant Llc Consulting Services - App Development | 3/30/22 | $415,876 |
Cbs News Production Services - Network Pool Servi | 3/30/22 | $292,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $4,970,381 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$36,702 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $63,760,168 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $46,919 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,948,881 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $29,060,018 |
| Pension plan accruals and contributions | $2,258,294 |
| Other employee benefits | $3,715,788 |
| Payroll taxes | $2,225,433 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $36,914 |
| Fees for services: Accounting | $230,430 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $164,306 |
| Fees for services: Other | $583,476 |
| Advertising and promotion | $2,568,195 |
| Office expenses | $596,433 |
| Information technology | $1,657,192 |
| Royalties | $0 |
| Occupancy | $4,387,044 |
| Travel | $1,163,493 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,459,512 |
| Insurance | $514,020 |
| All other expenses | $0 |
| Total functional expenses | $63,383,772 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,302,174 |
| Savings and temporary cash investments | $38,480,665 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,777,993 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,671,277 |
| Investments—publicly traded securities | $115,206,835 |
| Investments—other securities | $6,711,704 |
| Investments—program-related | $0 |
| Intangible assets | $10,002,882 |
| Other assets | $0 |
| Total assets | $200,978,087 |
| Accounts payable and accrued expenses | $6,056,933 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,722,677 |
| Total liabilities | $13,779,610 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $187,198,477 |
Grants Awarded
Over the last fiscal year, National Cable Satellite Corporation has awarded $127,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: PROVIDE ASSISTANCE FOR EDUCATIONAL PROGRAMMING TO HIGH SCHOOLS & COLLEGES. | $100,000 |
New York, NY PURPOSE: GENERAL SUPPORT | $27,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Cable Satellite Corporation Washington, DC | $200,978,087 | $63,760,168 |
Close Up Foundation Arlington, VA | $14,345,080 | $29,947,664 |
Avixa Inc Fairfax, VA | $46,265,745 | $24,073,364 |
Vpm Media Corporation Richmond, VA | $41,400,162 | $23,558,151 |
American Journalism Project Inc Washington, DC | $31,017,201 | $25,103,494 |
Wireless Infrastructure Association Arlington, VA | $5,735,220 | $13,503,985 |
Computer And Communications Industry Association Washington, DC | $22,913,762 | $13,219,537 |
National Propane Gas Association Inc Washington, DC | $13,626,002 | $7,831,791 |
The Landmark Foundation Norfolk, VA | $109,541,807 | $6,787,493 |
National Center On Sexual Exploitation Inc Washington, DC | $5,068,594 | $5,085,859 |
Journalism For Change Inc Arlington, VA | $491,394 | $3,913,277 |
Mennomedia Inc Harrisonburg, VA | $1,388,799 | $3,143,696 |