National Cable Satellite Corporation
- Assets
- $229.3m
- Revenue
- $63.7m
- Investments
- $14.3m
- Employees
- 208
- Location
- Washington, DC
- Founding
- 03/1983
- Data as of
- 03/2021
- EIN
- 84-0751854
Organization Overview
National Cable Satellite Corporation is located in Washington, DC. The organization was established in 1983. According to its NTEE Classification (A30) the organization is classified as: Media & Communications, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 03/2023, National Cable Satellite Corporation employed 208 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Cable Satellite Corporation 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 03/2021, National Cable Satellite Corporation generated $63.7m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $57.8m during the year ending 03/2021. As we would expect to see with falling revenues, expenses have declined by (1.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE TELEVISION AND RADIO NETWORKS OPERATED BY NCSC PROVIDE COVERAGE OF BOTH HOUSES OF THE US CONGRESS AND OTHER GOVERNMENTAL AND PUBLIC AFFAIRS EVENTS. THESE EVENTS ARE ALSO AVAILABLE VIA NCSC WEBSITES WHICH HOST MORE THAN 250,000 HOURS OF CONTENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Lamb Manager/director | Trustee | 45 | $446,322 |
Robert Kennedy Vice-President And Co-Ceo; Treasurer | OfficerTrustee | 45 | $680,520 |
Susan Swain Vice-President And Co-Ceo | OfficerTrustee | 45 | $684,527 |
Allan Block Director | Trustee | 1 | $0 |
Amos Hostetter Director | Trustee | 1 | $0 |
Dave Watson Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
National Captioning Institiute Inc Closed Captioning | 3/30/23 | $528,997 |
American Brodcasting Companyinc Production Services- Network Pool Servic | 3/30/23 | $255,500 |
Media Captioning Services Inc Closed Captioning | 3/30/23 | $321,419 |
Designtech Inc Construction Services | 3/30/23 | $210,600 |
Vitac Corporation Closed Captioning | 3/30/23 | $184,584 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $3,080,995 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,993,498 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $63,706,081 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,954,353 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $28,168,342 |
| Pension plan accruals and contributions | $2,226,726 |
| Other employee benefits | $3,785,893 |
| Payroll taxes | $2,071,854 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $34,814 |
| Fees for services: Accounting | $234,443 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $117,124 |
| Fees for services: Other | $796,246 |
| Advertising and promotion | $1,351,376 |
| Office expenses | $489,261 |
| Information technology | $1,661,594 |
| Royalties | $0 |
| Occupancy | $4,457,770 |
| Travel | $93,328 |
| 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 | $2,146,288 |
| Insurance | $484,904 |
| All other expenses | $0 |
| Total functional expenses | $57,762,531 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,781,827 |
| Savings and temporary cash investments | $38,586,078 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,958,415 |
| 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 | $1,890,281 |
| Investments—publicly traded securities | $139,828,697 |
| Investments—other securities | $14,343,864 |
| Investments—program-related | $0 |
| Intangible assets | $10,002,882 |
| Other assets | $0 |
| Total assets | $229,264,446 |
| Accounts payable and accrued expenses | $6,284,912 |
| 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 | $7,464,735 |
| Total liabilities | $13,749,647 |
| 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 | $215,514,799 |
Grants Awarded
Over the last fiscal year, National Cable Satellite Corporation has awarded $127,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
EMMA L BOWEN FOUNDATION PURPOSE: GENERAL SUPPORT | $27,000 |
C-SPAN EDUCATION FOUNDATION PURPOSE: PROVIDE ASSISTANCE FOR EDUCATIONAL PROGRAMMING TO HIGH SCHOOLS & COLLEGES. | $100,000 |