Skybridge Spectrum Foundation
- Assets
- $7.0m
- Revenue
- $0.0
- Investments
- $6.6m
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- 01/2010
- Data as of
- 12/2023
- EIN
- 20-8118487
Organization Overview
Skybridge Spectrum Foundation is located in San Francisco, CA. The organization was established in 2010. According to its NTEE Classification (U05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Skybridge Spectrum Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRIOR TO RECEIVERSHIP, FCC AND OTHER GOVERNMENT LICENSING AND RELATED RESEARCH AND ACTIONS: ITS ORIGINAL MISSION IS TO SEEK CHARITABLE GRANTS OF FCC LICENSES; TO PLAN ON THE USE OF FOUNDATION'S FCC LICENSES FOR ITS PRINCIPAL EXEMPT PURPOSE: TO SUPPORT GOVERNMENT IN PROMOTING AND CARRYING OUT ADVANCED WIRELESS IN THE UNITED STATES FOR MORE SAFE,EFFICIENT AND LESS-POLLUTING TRANSPORTATION, AND FOR RELATED FUNCTIONS OF MORE SAFE AND EFFICIENT ENERGY SYSTEMS, AND ENVIRONMENTAL MONITORING AND PROTECTION. REPORTS IN THE PAST WERE SUBMITTED TO THE FEDERAL COMMUNICATIONS COMMISSION AND OTHERS. ACTIVITIES ARE CURRENTLY DORMANT PENDING FURTHER ORDERS OF THE SUPERIOR COURT.
PRIOR TO RECEIVERSHIP, LEGAL EXPENSES OVER THE COURSE OF ITS ORGANIZATION IN PART WERE FOR GUIDANCE REGARDING FCC AND OTHER GOVERNMENT AGENCIES AS IT RELATES TO THE FOUNDATION ON PURSUING ITS CORE CHARITABLE PROGRAM: TO OBTAIN AND USE FCC WIRELESS LICENSES AND AUTHORITY TO IMPROVE THE NATION'S INTELLIGENT TRANSPORTATION SYSTEMS, SMART ELECTRIC POWER GRID SYSTEM AND WIRELESS SYSTEMS, AND TO MONITOR AND PROTECT THE NATURAL ENVIRONMENT. SINCE THE RECEIVER'S 2015 APPOINTMENT, LEGAL AND OTHER EXPENSES HAVE BEEN FOR PRESERVATION OF ASSETS AND DEFENSE OF LITIGATION BROUGHT BY PRE-RECEIVERSHIP MANAGEMENT.
PART XIII, LINE 3(A)(1) AND (2): VALUE OF ASSETS AT 12/31/2022 IS UNKNOWN. PLEASE ALSO REFER TO ACCOMPANYING STATEMENT 10.
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Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sheppard Mullin Et Al | 12/30/16 | $443,200 |
Sheppard Mullin Et Al | 12/30/16 | $443,200 |
Morris Nichols Arsht & Tunnell Llp | 12/30/16 | $144,353 |
Morris Nichols Arsht & Tunnell Llp | 12/30/16 | $144,353 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $0 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $50 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $690 |
| Total operating and administrative expenses | $7,539 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $7,539 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,180 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $6,551,228 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $410,678 |
| Total assets | $6,982,086 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,549,693 |
| Total liabilities | $1,549,693 |