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Nonprofiteer
← COMCAST SPECTACOR CHARITIES

Form 990 for tax year 2022

Filed by COMCAST SPECTACOR CHARITIES.

Totals

Total revenue
$1,660,230
Total expenses
$1,439,140
Contributions and grants received
$382,731
Grants paid
$796,363
Program service revenue
$0
Investment income
$49,968
Other revenue
$1,227,531
Total assets, end of year
$3,212,434
Total liabilities, end of year
$591,585
Net assets or fund balances, end of year
$2,620,849
Program services expenses (Part IX)
$1,077,991
Management and general expenses
$158,336
Fundraising expenses
$202,813
Program service expenses (Part III)
$1,077,991

Program services were 74.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $316,950

  • 1f · All other contributions, gifts and grants

    $65,781

  • 3 · Investment income

    total $48,321 · excluded $48,321

  • 7a · Gross sales of assets other than inventory

    securities $943,156

  • 7b · Less cost or other basis and sales expenses

    securities $941,509

  • 7c · Gain or loss

    securities $1,647

  • 7d · Net gain or loss

    total $1,647 · excluded $1,647

  • 8a · Fundraising events: gross income

    $752,848

  • 8a · Fundraising events: contributions included on line 1c

    $316,950

  • 8b · Fundraising events: direct expenses

    $336,581

  • 8c · Net income from fundraising events

    total $416,267 · excluded $416,267

  • 9a · Gaming: gross income

    $1,148,432

  • 9b · Gaming: direct expenses

    $481,488

  • 9c · Net income from gaming

    total $666,944 · unrelated business $666,944

  • 11a · Other revenue: MYSTERY PUCKS

    total $126,520 · excluded $126,520

  • 11b · Other revenue: OTHER

    total $15,336 · excluded $15,336

  • 11c · Other revenue: LICENSE PLATES

    total $2,119 · excluded $2,119

  • 11d · All other revenue

    total $345 · excluded $345

  • 11e · Other revenue, total

    $144,320

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $796,363 · program services $796,363

  • 7 · Other salaries and wages

    total $336,703 · program services $154,051 · management and general $38,512 · fundraising $144,140

  • 8 · Pension plan contributions

    total $21,453 · program services $8,581 · management and general $2,145 · fundraising $10,727

  • 9 · Other employee benefits

    total $50,296 · program services $20,118 · management and general $5,030 · fundraising $25,148

  • 10 · Payroll taxes

    total $33,016 · program services $13,206 · management and general $3,302 · fundraising $16,508

  • 11f · Fees: investment management

    total $15,372 · management and general $15,372

  • 11g · Fees: other

    total $15,968 · management and general $15,968

  • 13 · Office expenses

    total $85,867 · program services $12,277 · management and general $71,502 · fundraising $2,088

  • 22 · Depreciation, depletion and amortization

    total $2,294 · management and general $2,294

  • 24a · Other expenses: FACILITIES & OTHER SPEC

    total $73,395 · program services $73,395

  • 24b · Other expenses: OTHER

    total $8,413 · management and general $4,211 · fundraising $4,202

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,500 · end of year $16,274

  • 2 · Savings and temporary cash investments

    beginning of year $768,750 · end of year $1,213,795

  • 3 · Pledges and grants receivable

    beginning of year $7,447 · end of year $160

  • 10a · Land, buildings and equipment: cost or other basis

    $58,747

  • 10b · Land, buildings and equipment: accumulated depreciation

    $45,420

  • 10c · Land, buildings and equipment, net

    beginning of year $15,621 · end of year $13,327

  • 11 · Investments: publicly traded securities

    beginning of year $1,825,384 · end of year $1,968,878

  • 17 · Accounts payable and accrued expenses

    beginning of year $26,764 · end of year $22,788

  • 18 · Grants payable

    beginning of year $185,000 · end of year $140,000

  • 19 · Deferred revenue

    end of year $30,000

  • 25 · Other liabilities

    beginning of year $148,702 · end of year $398,797

  • 27 · Net assets without donor restrictions

    beginning of year $2,258,236 · end of year $2,620,849

Mission and programs · 2022

Mission

COMCAST SPECTACOR CHARITIES, WHICH INCLUDES FLYERS CHARITIES AND WINGS CHARITIES, CARES ABOUT AND INVESTS IN THE HEALTH OF OUR COMMUNITY BY: HONORING OUR LEGACY OF SUPPORTING LOCAL FAMILIES IMPACTED BY CANCER; GROWING OUR GAME INCLUSIVE OF NEW AND DIVERSE PARTICIPANTS AND AUDIENCES; SUPPORTING CONTINUOUS IMPROVEMENTS IN SUSTAINABILITY AND ENVIRONMENTAL RESPONSIBILITY. OUR COMMITMENT TO COMMUNITY, SERVICE, INCLUSION, AND LEGACY GUIDES OUR WORK AND PROVIDES OPPORTUNITIES TO ENGAGE OUR FANS, VISITORS, EMPLOYEES, AND NEIGHBORS IN OUR IMPACT.

Activities or mission (Part I)

SUPPORTING A MULTITUDE OF WORTHY NON-PROFIT ORGANIZATIONS IN THE GREATER PHILADELPHIA REGION.

  • PROVIDE FINANCIAL SUPPORT TO CHARITABLE ORGANIZATIONS IN AND AROUND PHILADELPHIA.

    Expenses $1,077,991 · Grants $796,363

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • JOHN MASTER

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DAVE SCOTT

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • VALERIE CAMILLO

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • PAUL HOLMGREN

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DANIEL BRIERE

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • BLAIR LISTINO

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • PHIL LAWS

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DAN WISE

    MEMBER (EFF. 1/1/23)

    Total calculated
    $0
    Hours/week
    1

  • SEAN COIT

    MEMBER (EFF. 4/21/23)

    Total calculated
    $0
    Hours/week
    1

  • DAN HILFERTY

    MEMBER (EFF. 4/21/23)

    Total calculated
    $0
    Hours/week
    1

  • CINDY STUTMAN

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    20

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202421369349315467

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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