Comcast Spectacor Charities
- Assets
- $2.6m
- Revenue
- $675.6k
- Investments
- $0.0
- Employees
- 1
- Location
- Philadelphia, PA
- Founding
- 04/1988
- Data as of
- 06/2021
- EIN
- 23-2513233
Organization Overview
Comcast Spectacor Charities, operating under the name Flyers Wives Fight For Lives, is located in Philadelphia, PA. The organization was established in 1988. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Flyers Wives Fight For Lives is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Flyers Wives Fight For Lives generated $675.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.1%) each year. All expenses for the organization totaled $750.3k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (11.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Flyers Wives Fight For Lives has awarded 171 individual grants totaling $5,808,129. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORTING A MULTITUDE OF WORTHY NON-PROFIT ORGANIZATIONS IN THE GREATER PHILADELPHIA REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FINANCIAL SUPPORT TO CHARITABLE ORGANIZATIONS IN AND AROUND PHILADELPHIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Master Member | Trustee | 1 | $0 |
Dave Scott Member | Trustee | 1 | $0 |
Phil Weinberg Board Chair (till 12/21) | OfficerTrustee | 1 | $0 |
Valerie Camillo Member | Trustee | 1 | $0 |
Paul Holmgren Member | Trustee | 1 | $0 |
Daniel Briere Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $188,995 |
| Investment income | $38,403 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $65,687 |
| Net Income from Fundraising Events | $151,364 |
| Net Income from Gaming Activities | $61,111 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $675,594 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $235,793 |
| Pension plan accruals and contributions | $14,828 |
| Other employee benefits | $43,768 |
| Payroll taxes | $13,816 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,665 |
| Fees for services: Other | $82,334 |
| Advertising and promotion | $0 |
| Office expenses | $17,104 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $22,302 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,506 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $750,280 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,501 |
| Savings and temporary cash investments | $515,378 |
| Pledges and grants receivable | $13,422 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $2,066,094 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,599,354 |
| Accounts payable and accrued expenses | $54,155 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $54,155 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $2,545,199 |
Grants Awarded
Over the last fiscal year, Comcast Spectacor Charities has awarded $693,654 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
ED SNIDER YOUTH HOCKEY FOUNDATION PURPOSE: GENERAL SUPPORT | $301,454 |
PHILADELPHIA SOCCER 2026 PURPOSE: GENERAL SUPPORT | $225,000 |
LEVELING THE PLAYING FIELD INC PURPOSE: GENERAL SUPPORT | $40,000 |
AMERICAN CANCER SOCIETY PURPOSE: GENERAL SUPPORT | $25,000 |
MICHAEL'S WAY PURPOSE: GENERAL SUPPORT | $25,000 |
FLYERS VOORHEES YOUTH HOCKEY CLUB PURPOSE: GENERAL SUPPORT | $12,000 |