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Nonprofiteer
← UNIVERSAL ORLANDO FOUNDATION INC

Form 990 for tax year 2024

Filed by UNIVERSAL ORLANDO FOUNDATION INC.

Totals

Total revenue
$3,874,044
Total expenses
$3,741,836
Contributions and grants received
$3,806,069
Grants paid
$2,938,568
Program service revenue
$0
Investment income
$0
Other revenue
$67,975
Total assets, end of year
$2,923,750
Total liabilities, end of year
$519,890
Net assets or fund balances, end of year
$2,403,860
Program services expenses (Part IX)
$2,983,996
Management and general expenses
$162,297
Fundraising expenses
$595,543
Program service expenses (Part III)
$2,983,996

Program services were 79.7% 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

    $1,201,688

  • 1f · All other contributions, gifts and grants

    $2,604,381

  • 1g · Noncash contributions included above

    $1,208,971

  • 8a · Fundraising events: gross income

    $1,097,374

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

    $1,201,688

  • 8b · Fundraising events: direct expenses

    $1,029,399

  • 8c · Net income from fundraising events

    total $67,975 · excluded $67,975

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,851,928 · program services $2,851,928

  • 2 · Grants to domestic individuals

    total $86,640 · program services $86,640

  • 7 · Other salaries and wages

    total $45,428 · program services $45,428

  • 11c · Fees: accounting

    total $18,346 · management and general $18,346

  • 13 · Office expenses

    total $1,309 · management and general $1,309

  • 20 · Interest

    total $22,837 · management and general $22,837

  • 24a · Other expenses: FUNDRAISING EXPENSES

    total $595,543 · fundraising $595,543

  • 24b · Other expenses: BAD DEBT EXPENSES

    total $110,881 · management and general $110,881

  • 24c · Other expenses: CREDIT CARD FEES

    total $8,924 · management and general $8,924

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,388,072 · end of year $1,211,750

  • 3 · Pledges and grants receivable

    beginning of year $1,686,536 · end of year $1,712,000

  • 18 · Grants payable

    beginning of year $554,394 · end of year $303,216

  • 19 · Deferred revenue

    beginning of year $15,000

  • 25 · Other liabilities

    beginning of year $233,562 · end of year $216,674

  • 27 · Net assets without donor restrictions

    beginning of year $452,842 · end of year $393,917

  • 28 · Net assets with donor restrictions

    beginning of year $1,818,810 · end of year $2,009,943

Mission and programs · 2024

Mission

THE FOUNDATION SEEKS TO PROMOTE THE QUALITY OF LIFE IN THE CENTRAL FLORIDA COMMUNITY, ADDRESSING NEEDS AND CONCERNS PRIMARILY IN THE AREAS OF EDUCATION, CHILDREN, FAMILY AND BASIC NEEDS.

  • FOUNDATION GENERAL FUND - THE FOUNDATION AWARDS GRANTS TO ORGANIZATIONS AND PROGRAMS THAT TAKE A PROACTIVE APPROACH TO COMMUNITY NEEDS IN THE AREA OF EDUCATION, CHILDREN, FAMILY AND BASIC NEEDS.

    Expenses $1,981,317 · Grants $1,935,889

  • TEAM MEMBER CHARITABLE FUND - THIS FUND PROVIDES FINANCIAL ASSISTANCE THROUGH THE TEAM MEMBER CRISIS ASSISTANCE PROGRAM TO UNIVERSAL ORLANDO TEAM MEMBERS WHO HAVE HAD A CATASTROPHIC EVENT AFFECT THEM OR THEIR FAMILIES. THE FUND ALSO SUPPORTS UGIVE WHICH RECOGNIZES UNIVERSAL ORLANDO TEAM MEMBERS' VOLUNTEER EFFORTS BY AWARDING GRANTS TO QUALIFIED NONPROFIT ORGANIZATIONS.

    Expenses $355,284 · Grants $355,284

  • COMPASSION FUND - THIS FUND FOCUSES ON ORGANIZATIONS THAT PROVIDE SERVICES FOR CHILDREN WITH LIFE-THREATENING ILLNESSES OR DISABILITIES.

    Expenses $237,395 · Grants $237,395

  • BASIC NEEDS FUND: FOCUSES ON ORGANIZATIONS THAT PROVIDE BASIC SERVICES SUCH AS FOOD, CLOTHING, AND SHELTER. (EXPENSE: $200,000, GRANTS: $200,000)ARTS & CULTURE FUND: FOCUSES ON ORGANIZATIONS THAT PROVIDE ARTS AND CULTURAL PROGRAMS THROUGHOUT THE COMMUNITY. (EXPENSE: $115,000, GRANTS: $115,000)EDUCATION FUND: FOCUSES ON ORGANIZATIONS THAT ARE MAKING A DIFFERENCE IN EDUCATION YOUTH IN OUR COMMUNITY. (EXPENSE: $95,000, GRANTS: $95,000)

    Expenses $410,000 · Grants $410,000

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • VALERIE READ

    SR. DIRECTOR

    Total calculated
    $224,003
    From this org
    $0
    From related orgs
    $189,554
    Other
    $34,449
    Hours/week
    30 + 10 related

    Schedule J breakdown matched by us

    Base
    $0 + $160,114 related
    Bonus
    $0 + $28,616 related
    Other
    $0 + $824 related
    Deferred
    $0 + $6,122 related
    Nontaxable benefits
    $0 + $28,327 related
    Filer's total
    $0 + $224,003 related

  • JOHN SPROULS

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • TRACEY STOCKWELL

    TREASURER

    Total calculated
    $968,214
    From this org
    $0
    From related orgs
    $905,798
    Other
    $62,416
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $531,697 related
    Bonus
    $0 + $216,928 related
    Other
    $0 + $157,173 related
    Deferred
    $0 + $30,500 related
    Nontaxable benefits
    $0 + $31,916 related
    Filer's total
    $0 + $968,214 related

  • JUDITH LUENGAS

    SECRETARY

    Total calculated
    $659,568
    From this org
    $0
    From related orgs
    $609,480
    Other
    $50,088
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $417,854 related
    Bonus
    $0 + $140,035 related
    Other
    $0 + $51,591 related
    Deferred
    $0 + $30,500 related
    Nontaxable benefits
    $0 + $19,588 related
    Filer's total
    $0 + $659,568 related

  • SANDRA CHEN

    ASSISTANT SECRETARY

    Total calculated
    $429,570
    From this org
    $0
    From related orgs
    $385,433
    Other
    $44,137
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $285,052 related
    Bonus
    $0 + $79,607 related
    Other
    $0 + $20,774 related
    Deferred
    $0 + $25,075 related
    Nontaxable benefits
    $0 + $19,062 related
    Filer's total
    $0 + $429,570 related

  • DAVE BARTEK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CHARLIE GUNDACKER

    DIRECTOR

    Total calculated
    $970,216
    From this org
    $0
    From related orgs
    $917,705
    Other
    $52,511
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $497,054 related
    Bonus
    $0 + $275,013 related
    Other
    $0 + $145,638 related
    Deferred
    $0 + $30,500 related
    Nontaxable benefits
    $0 + $22,011 related
    Filer's total
    $0 + $970,216 related

  • MICHAEL HANLEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SCOT LAFERTE

    DIRECTOR

    Total calculated
    $879,556
    From this org
    $0
    From related orgs
    $837,158
    Other
    $42,398
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $440,392 related
    Bonus
    $0 + $172,192 related
    Other
    $0 + $224,574 related
    Deferred
    $0 + $30,500 related
    Nontaxable benefits
    $0 + $11,898 related
    Filer's total
    $0 + $879,556 related

  • PETER LATHAM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CATHY ROTH

    DIRECTOR

    Total calculated
    $1,226,723
    From this org
    $0
    From related orgs
    $1,171,325
    Other
    $55,398
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $554,195 related
    Bonus
    $0 + $278,601 related
    Other
    $0 + $338,529 related
    Deferred
    $0 + $30,500 related
    Nontaxable benefits
    $0 + $24,898 related
    Filer's total
    $0 + $1,226,723 related

  • BRAD SINGH

    DIRECTOR

    Total calculated
    $685,015
    From this org
    $0
    From related orgs
    $630,445
    Other
    $54,570
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $416,503 related
    Bonus
    $0 + $132,078 related
    Other
    $0 + $81,864 related
    Deferred
    $0 + $23,000 related
    Nontaxable benefits
    $0 + $31,570 related
    Filer's total
    $0 + $685,015 related

  • XIOMARA WILEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DIANE O'DELL

    EXECUTIVE DIRECTOR

    Total calculated
    $325,708
    From this org
    $0
    From related orgs
    $293,998
    Other
    $31,710
    Hours/week
    15 + 25 related

    Schedule J breakdown matched by us

    Base
    $0 + $217,586 related
    Bonus
    $0 + $55,480 related
    Other
    $0 + $20,932 related
    Deferred
    $0 + $10,328 related
    Nontaxable benefits
    $0 + $21,382 related
    Filer's total
    $0 + $325,708 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

  • 4c · Equity-based compensation arrangement

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4C
THE FOLLOWING EMPLOYEES' COMPENSATION PACKAGES FROM UNIVERSAL CITY DEVELOPMENT PARTNERS PROVIDED FOR RESTRICTED STOCK UNITS THAT GIVE THE EMPLOYEES THE RIGHT TO RECEIVE COMCAST CORPORATION CLASS A COMMON STOCK. THIS IS AN EQUITY BASED COMPENSATION ARRANGEMENT FOR PURPOSES OF 4C: -GUNDACKER $141,652.12 -STOCKWELL $143,557.08 -CHEN $20,663.80 -LAFERTE $103,092.12 -LUENGAS $51,590.56 -SINGH $55,906.41 -O'DELL $20,663.80 THE FOLLOWING EMPLOYEES' COMPENSATION PACKAGES FROM UNIVERSAL CITY DEVELOPMENT PARTNERS PROVIDES THE ABILITY TO PARTICIPATE IN AN EMPLOYEE STOCK PURCHASE PLAN, WHERE THE EMPLOYEE IS ALLOWED TO BUY COMCAST CORPORATION CLASS A COMMON STOCK USING AFTER-TAX PAYROLL DEDUCTIONS AT A DISCOUNT. THIS IS AN EQUITY BASED COMPENSATION ARRANGEMENT FOR PURPOSES OF 4C. -GUNDACKER $3,841.72 -STOCKWELL $3,718.43 -LAFERTE $4,055.89 -SINGH $3,722.24 -ROTH $3,722.24 -READ $375.44

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

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

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Provenance

Return type
form_990
Tax year
2024
Filed
10 November 2025
IRS schema version
2024v5.2
Source object
202503159349301400

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