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Nonprofiteer
← THE WALTER KAITZ FOUNDATION

Form 990 for tax year 2023

Filed by THE WALTER KAITZ FOUNDATION.

Totals

Total revenue
$1,531,214
Total expenses
$1,815,946
Contributions and grants received
$1,721,555
Grants paid
$766,450
Program service revenue
$35,000
Investment income
$90,598
Other revenue
-$315,939
Total assets, end of year
$3,666,462
Total liabilities, end of year
$123,782
Net assets or fund balances, end of year
$3,542,680
Program services expenses (Part IX)
$1,328,991
Management and general expenses
$188,515
Fundraising expenses
$298,440
Program service expenses (Part III)
$1,328,991

Program services were 73.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • MICHAEL POWELL

    PRESIDENT & CEO

    Total calculated
    $7,234,377
    From this org
    $0
    From related orgs
    $7,168,245
    Other
    $66,132
    Hours/week
    3 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $4,620,472 related
    Bonus
    $0 + $1,200,000 related
    Other
    $0 + $1,347,773 related
    Deferred
    $0 + $40,405 related
    Nontaxable benefits
    $0 + $25,727 related
    Filer's total
    $0 + $7,234,377 related
  • PAT MCADARAGH

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 1.1 related
  • MARK GREATREX

    VICE-CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 1.1 related
  • THOMAS RUTLEDGE

    OUTGOING VICE-CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 1.1 related
  • DAVE WATSON

    TREASURER, IMMEDIATE PAST CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 1.1 related
  • BOB BAKISH

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1.1 related
  • PAUL BUCCIERI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1.1 related
  • KRISTIN DOLAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1.1 related
  • FRANK DRENDEL

    OUTGOING DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1.1 related
  • RONALD DUNCAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1.1 related
  • JOHN D EVANS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1.1 related
  • KATHLEEN FINCH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1.1 related
  • SANDY HOWE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1.1 related
  • ALFRED LIGGINS III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1.1 related
  • WONYA LUCAS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1.1 related
  • DAVID NEVINS

    OUTGOING DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1.1 related
  • JOHN PASCARELLI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1.1 related
  • JAMES PITARO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1.1 related
  • JOSHUA SAPAN

    OUTGOING DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1.1 related
  • SUZANNE SCOTT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1.1 related
  • RICHARD SJOBERG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1.1 related
  • PHIL SPENCER

    OUTGOING DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1.1 related
  • CHUCK TREADWAY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1.1 related
  • CHRIS WINFREY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1.1 related
  • NILDA GUMBS

    CHIEF OF STAFF

    Total calculated
    $632,143
    From this org
    $0
    From related orgs
    $528,676
    Other
    $103,467
    Hours/week
    11 + 34 related

    Schedule J breakdown matched by us

    Base
    $0 + $462,903 related
    Bonus
    $0 + $65,000 related
    Other
    $0 + $773 related
    Deferred
    $0 + $84,405 related
    Nontaxable benefits
    $0 + $19,062 related
    Filer's total
    $0 + $632,143 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4B:
THE PRESIDENT & CEO AND CHIEF OF STAFF OF NCTA - THE INTERNET & TELEVISION ASSOCIATION PARTICIPATE IN A DEFERRED COMPENSATION AGREEMENT ADMINISTERED BY NCTA - THE INTERNET & TELEVISION ASSOCIATION.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

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
13 November 2024
IRS schema version
2023v5.1
Source object
202413199349307261

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