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Nonprofiteer
← COMCAST SPECTACOR CHARITIES

Form 990 for tax year 2023

Filed by COMCAST SPECTACOR CHARITIES.

Totals

Total revenue
$2,586,769
Total expenses
$1,916,258
Contributions and grants received
$933,542
Grants paid
$1,150,240
Program service revenue
$0
Investment income
$94,271
Other revenue
$1,558,956
Total assets, end of year
$4,030,003
Total liabilities, end of year
$581,945
Net assets or fund balances, end of year
$3,448,058
Program services expenses (Part IX)
$1,388,959
Management and general expenses
$259,464
Fundraising expenses
$267,835
Program service expenses (Part III)
$1,388,959

Program services were 72.5% 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

    $538,828

  • 1f · All other contributions, gifts and grants

    $394,714

  • 1g · Noncash contributions included above

    $22,302

  • 3 · Investment income

    total $72,081 · excluded $72,081

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $939,009

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

    securities $916,819

  • 7c · Gain or loss

    securities $22,190

  • 7d · Net gain or loss

    total $22,190 · excluded $22,190

  • 8a · Fundraising events: gross income

    $1,333,992

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

    $538,828

  • 8b · Fundraising events: direct expenses

    $896,779

  • 8c · Net income from fundraising events

    total $437,213 · excluded $437,213

  • 9a · Gaming: gross income

    $1,526,920

  • 9b · Gaming: direct expenses

    $738,863

  • 9c · Net income from gaming

    total $788,057 · unrelated business $788,057

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: MYSTERY PUCKS

    total $167,395 · excluded $167,395

  • 11b · Other revenue: License plates

    total $528 · excluded $528

  • 11c · Other revenue: Other

    total $165,763 · excluded $165,763

  • 11e · Other revenue, total

    $333,686

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,150,240 · program services $1,150,240

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $409,756 · program services $163,903 · management and general $40,976 · fundraising $204,877

  • 8 · Pension plan contributions

    total $22,615 · program services $9,046 · management and general $2,261 · fundraising $11,308

  • 9 · Other employee benefits

    total $66,715 · program services $26,686 · management and general $6,671 · fundraising $33,358

  • 10 · Payroll taxes

    total $33,685 · program services $13,474 · management and general $3,368 · fundraising $16,843

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $1,203 · management and general $1,203

  • 11c · Fees: accounting

    total $14,500 · management and general $14,500

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $16,969 · management and general $16,969

  • 11g · Fees: other

    total $75,129 · management and general $75,129

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $29,596 · program services $25,610 · management and general $2,933 · fundraising $1,053

  • 14 · Information technology

    total $70,113 · management and general $70,113

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $22,302 · management and general $22,302

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $2,535 · management and general $2,535

  • 23 · Insurance

    total $0

  • 24a · Other expenses: Other

    total $900 · management and general $504 · fundraising $396

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $16,274 · end of year $9,523

  • 2 · Savings and temporary cash investments

    beginning of year $1,213,795 · end of year $1,208,496

  • 3 · Pledges and grants receivable

    beginning of year $160 · end of year $0

  • 4 · Accounts receivable

    beginning of year $0 · end of year $344,056

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

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

    $81,902

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

    $48,919

  • 10c · Land, buildings and equipment, net

    beginning of year $13,327 · end of year $32,983

  • 11 · Investments: publicly traded securities

    beginning of year $1,968,878 · end of year $2,434,945

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $22,788 · end of year $43,107

  • 18 · Grants payable

    beginning of year $140,000 · end of year $95,000

  • 19 · Deferred revenue

    beginning of year $30,000 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $398,797 · end of year $443,838

  • 27 · Net assets without donor restrictions

    beginning of year $2,620,849 · end of year $3,448,058

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2023

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 $1,388,959 · Grants $1,150,240

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Julia Dougherty

    EMPLOYEE

    Total calculated
    $138,280
    From this org
    $127,563
    From related orgs
    $0
    Other
    $10,717
    Hours/week
    45

  • Daniel Briere

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Sean Coit

    MEMBER (TERM 03/18/24)

    Total calculated
    $0
    Hours/week
    1

  • Barry Hanrahan

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dan Hilferty

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Paul Holmgren

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Phil Laws

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Blair Listino

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Zaahira Lynard

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • John Master

    MEMBER

    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
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202511399349300326

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

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