The Comcast Nbcuniversal Foundation
- Assets
- $16.7m
- Revenue
- $25.7m
- Investments
- $1.2m
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 07/1999
- Data as of
- 12/2020
- EIN
- 51-0390132
Organization Overview
The Comcast Nbcuniversal Foundation is located in Philadelphia, PA. The organization was established in 1999. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, 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. Comcast Nbcuniversal Foundation 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 12/2020, Comcast Nbcuniversal Foundation generated $25.7m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $40.6m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COMCAST NBCUNIVERSAL FOUNDATION DID NOT MAKE ANY PAYMENTS OF DIRECT OR INDIRECT EXPENSES DURING THE YEAR RELATED TO THE DIRECT ACTIVE CONDUCT OF ITS CHARITABLE ACTIVITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David L Cohen Chairman | 0 | $0 | |
Jason Armstrong Treasurer | 0 | $0 | |
Julian A Brodsky Director | 0 | $0 | |
Kristine A Dankenbrink Secretary | 0 | $0 | |
Karen D Buchholz Director | 0 | $0 | |
Kevin M Casey Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $25,870,413 |
| Interest on Savings | $0 |
| Dividends & Interest | $120,269 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$310,922 |
| Capital Gain Net Income | $24,132,026 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $25,679,760 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $345,500 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $16,950 |
| Total operating and administrative expenses | $511,577 |
| Contributions, gifts, grants paid | $40,134,640 |
| Total expenses and disbursements | $40,646,217 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,476,760 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $6,000,000 |
| Total assets | $16,720,236 |
| Accounts payable and accrued expenses | $3,687,803 |
| Grants payable | $12,278,700 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $15,966,503 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Comcast Nbcuniversal Foundation has recieved totaling $76,040.
| Awarding Organization | Amount |
|---|---|
United Way Of Greater Philadelphia And Southern New Jersey Philadelphia, PA | | $76,040 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Citi Foundation New York, NY | $102,040,475 | $125,193,055 |
Longwood Gardens Inc Kennett Square, PA | $1,437,882,296 | $93,650,257 |
Goldman Sachs Foundation New York, NY | $0 | $131,861,636 |
Commonwealth Fund New York, NY | $0 | $69,444,117 |
Longwood Foundation Inc Wilmington, DE | $0 | $53,076,926 |
The Comcast Nbcuniversal Foundation Philadelphia, PA | $16,720,236 | $25,679,760 |
Sherman Fairchild Foundation Inc Chevy Chase, MD | $608,781,139 | $70,437,193 |
Clark Foundation New York, NY | $443,485,871 | $14,281,811 |
John A Hartford Foundation New York, NY | $722,012,839 | $47,164,108 |
Blackstone Charitable Foundation New York, NY | $141,651,293 | $22,568,243 |
Progressive Insurance Foundation Cleveland, OH | $7,804,354 | $47,823,383 |
Interlaken Foundation Inc NEW YORk, NY | $351,082,390 | $62,213,890 |