2024-11-14T11:38:30-06:00 2023-12-31 221478099 COHNREZNICK LLP 7501 WISCONSIN AVENUE SUITE 400E BETHESDA MD 20814 990 2023-01-01 942666764 THE WALTER KAITZ FOUNDATION WALT 2022222490 25 MASSACHUSETTS AVE NW SUITE 100 WASHINGTON DC 20001 NILDA GUMBS ACTING EXEC. DIRECTOR 2022222490 2024-11-13 1 1 DANIEL O'SHEA P00957510 3016529100 2024-11-12 2023 2024-10-15 13:58:12Z NILDA GUMBS 25 MASSACHUSETTS AVE NW SUITE 100 WASHINGTON DC 20001 1968721 0 X WWW.WALTERKAITZ.ORG X 1980 CA THE WALTER KAITZ FOUNDATION CHAMPIONS DIVERSITY, EQUITY, AND INCLUSION IN THE CABLE, MEDIA, ENTERTAINMENT, AND TECHNOLOGY INDUSTRIES. THE FOUNDATION SUPPORTS INITIATIVES THAT DEVELOP AND ADVANCE HISTORICALLY UNDERREPRESENTED TALENT TO DRIVE INNOVATION, BUSINESS PERFORMANCE, AND POSITIVE COMMUNITY IMPACT. 19 18 0 18 0 0 1701246 1721555 125600 35000 66755 90598 -258318 -315939 1635283 1531214 672654 766450 0 0 653192 488918 0 0 298440 240002 560578 1565848 1815946 69435 -284732 3662471 3666462 234547 123782 3427924 3542680 X THE WALTER KAITZ FOUNDATION CHAMPIONS DIVERSITY, EQUITY, AND INCLUSION IN THE CABLE, MEDIA, ENTERTAINMENT, AND TECHNOLOGY INDUSTRIES. THE FOUNDATION SUPPORTS INITIATIVES THAT DEVELOP AND ADVANCE HISTORICALLY UNDERREPRESENTED TALENT TO DRIVE INNOVATION, BUSINESS PERFORMANCE, AND POSITIVE COMMUNITY IMPACT. 0 0 766450 766450 35000 GRANTS PROGRAM:THE WALTER KAITZ FOUNDATION FUNDS PROGRAMS THAT DRIVE DIVERSITY, EQUITY, AND INCLUSION ACROSS THE CABLE, MEDIA, ENTERTAINMENT, AND TECHNOLOGY INDUSTRIES. OUR GRANTS SUPPORT INITIATIVES THAT PROVIDE MULTI-YEAR PAID INTERNSHIPS FOR UNDERREPRESENTED STUDENTS, PROFESSIONAL DEVELOPMENT FOR DIVERSE TALENT, MENTORSHIP PROGRAMS, AND LEADERSHIP TRAINING FOR WOMEN AND ETHNIC MINORITIES. THESE EFFORTS HELP BUILD INCLUSIVE TALENT PIPELINES AND DEVELOP A WORKFORCE EQUIPPED TO LEAD INNOVATION AND FOSTER LONG-TERM BUSINESS SUCCESS. ADDITIONALLY, THE FOUNDATION IDENTIFIES AND PROVIDES GRANTS TO ORGANIZATIONS WITHIN THE MEDIA AND ENTERTAINMENT ECOSYSTEM THAT ARE CREATING POSITIVE SOCIAL IMPACT IN AREAS SUCH AS SUSTAINABILITY, DIGITAL LITERACY, AND ECONOMIC INCLUSION FOR UNDERSERVED COMMUNITIES. 562541 OUTREACH PROGRAM:THE FOUNDATION SUPPORTS RESEARCH THAT BENCHMARKS INDUSTRY PROGRESS ON DIVERSITY AND PAY EQUITY. THESE STUDIES PROVIDE CRITICAL DATA ON MULTI-ETHNIC EMPLOYMENT AND GENDER EQUALITY, HELPING COMPANIES ENHANCE RECRUITMENT, RETENTION, AND COMPENSATION PRACTICES. THE RESEARCH INFORMS STRATEGIES THAT FOSTER MORE INCLUSIVE WORKPLACES BY OFFERING CLEAR INSIGHTS INTO WORKFORCE DIVERSITY. 1328991 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 9 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 19 18 0 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 CA X SHANNON SCOTT 2022222393 25 MASSACHUSETTS AVE NW SUITE 100 WASHINGTON DC 200011431 MICHAEL POWELL PRESIDENT & CEO 3.00 42.00 X X 0 7168245 66132 PAT MCADARAGH CHAIRMAN 1.00 1.10 X X 0 0 0 MARK GREATREX VICE-CHAIRMAN 1.00 1.10 X X 0 0 0 THOMAS RUTLEDGE OUTGOING VICE-CHAIRMAN 1.00 1.10 X X 0 0 0 DAVE WATSON TREASURER, IMMEDIATE PAST CHAIRMAN 1.00 1.10 X X 0 0 0 BOB BAKISH SECRETARY 1.00 1.10 X X 0 0 0 PAUL BUCCIERI DIRECTOR 1.00 1.10 X 0 0 0 KRISTIN DOLAN DIRECTOR 1.00 1.10 X 0 0 0 FRANK DRENDEL OUTGOING DIRECTOR 1.00 1.10 X 0 0 0 RONALD DUNCAN DIRECTOR 1.00 1.10 X 0 0 0 JOHN D EVANS DIRECTOR 1.00 1.10 X 0 0 0 KATHLEEN FINCH DIRECTOR 1.00 1.10 X 0 0 0 SANDY HOWE DIRECTOR 1.00 1.10 X 0 0 0 ALFRED LIGGINS III DIRECTOR 1.00 1.10 X 0 0 0 WONYA LUCAS DIRECTOR 1.00 1.10 X 0 0 0 DAVID NEVINS OUTGOING DIRECTOR 1.00 1.10 X 0 0 0 JOHN PASCARELLI DIRECTOR 1.00 1.10 X 0 0 0 JAMES PITARO DIRECTOR 1.00 1.10 X 0 0 0 JOSHUA SAPAN OUTGOING DIRECTOR 1.00 1.10 X 0 0 0 SUZANNE SCOTT DIRECTOR 1.00 1.10 X 0 0 0 RICHARD SJOBERG DIRECTOR 1.00 1.10 X 0 0 0 PHIL SPENCER OUTGOING DIRECTOR 1.00 1.10 X 0 0 0 CHUCK TREADWAY DIRECTOR 1.00 1.10 X 0 0 0 CHRIS WINFREY DIRECTOR 1.00 1.10 X 0 0 0 NILDA GUMBS CHIEF OF STAFF 11.00 34.00 X 0 528676 103467 0 7696921 169599 0 0 1 0 MARRIOTT BUSINESS SERVICES PO BOX 403003 ATLANTA GA 30384 FOOD & FACILITIES FOR KAITZ DINNER 261817 O'KEEFE COMMUNICATIONS LLC 4301 CONNECTICUT AVE NW 200 WASHINGTON DC 20008 PRODUCTION SERVICES FOR KAITZ DINNER 194606 NWLWH LLC DBA THE LONDON WEST 1020 N SAN VINCENTE BLVD WEST HOLLYWOOD CA 90069 FOOD & FACILITIES FOR HOLLYWOOD CREATIVE 150257 TOBI D BROWN DBA CURATED BRILLIANCE LLC 1533 KAREN BLVD DISTRICT HEIGHT MD 20747 GRANTS MANAGEMENT AND WORKING GROUP SUPP 116250 4 753068 968370 117 3790 1721555 SPONSORSHIPS 900099 35000 35000 35000 90872 90872 5194 5468 -274 -274 -274 116100 968370 432039 -315939 -315939 1531214 35000 0 -225341 X 766450 766450 390551 175748 78110 136693 13698 6164 2740 4794 75155 33820 15031 26304 9514 4281 1903 3330 75917 34163 26571 15183 5341 5341 255915 126518 32257 97140 17383 2762 498 14123 62450 38101 24349 35 16 7 12 2032 914 407 711 PROGRAM EXPENSES 137425 137425 HONORARIA 2901 2436 465 CONTRIBUTION EXPENSE 750 750 FILNG FEES 280 126 56 98 149 67 30 52 1815946 1328991 188515 298440 38484 23469 547984 98346 76145 70000 7708 10925 6307 6650 4618 2985500 3470029 3662471 3666462 234547 123782 234547 123782 X 3427924 3542680 3427924 3542680 3662471 3666462 -284732 399488 0 X 0 1 X 1 0 X 1910032 1389150 1377114 1701246 1721555 8099097 1910032 1389150 1377114 1701246 1721555 8099097 4052537 4046560 90532 61313 72690 66624 90872 382031 8481128 265891 0.47710 0.50680 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4275 4275 0 6650 2032 4618 4618 X 2402190 399488 44790 444278 1957912 5341 -432039 -426698 1531214 2287434 44790 432039 476829 1810605 5341 5341 1815946 PART X, LINE 2: THE FOUNDATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND, AS SUCH, IT DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE FOUNDATION RECOGNIZES INTEREST EXPENSE AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS IN MANAGEMENT AND GENERAL EXPENSES ON THE STATEMENTS OF ACTIVITIES AND CHANGE IN NET ASSETS AND ACCOUNTS PAYABLE AND ACCRUED EXPENSES IN THE STATEMENTS OF FINANCIAL POSITION. THERE IS NO PROVISION IN THESE FINANCIAL STATEMENTS FOR PENALTIES AND INTEREST RELATED TO UNRECOGNIZED TAX BENEFITS FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022. TAX YEARS PRIOR TO 2020 ARE NO LONGER SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE AND THE TAX JURISDICTIONS OF CALIFORNIA AND THE DISTRICT OF COLUMBIA. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES -432,039. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 432,039. DINNER 1084470 968370 116100 169586 262453 1084470 968370 116100 169586 262453 432039 -315939 1 EMMA BOWEN FOUNDATION 30 ROCKEFELLER PLAZA 1221 AVE OF THE AMERICAS 28A42 NEW YORK NY 10112 222635292 501(C)(3) 296950 0 N/A N/A PROMOTE DIVERSITY IN THE CABLE INDUSTRY NATL ASSOC FOR MULTI-ETHNICITY IN COMM 50 BROAD ST STE 1801 NEW YORK NY 10004 841488263 501(C)(6) 110000 0 N/A N/A PROMOTE DIVERSITY IN THE CABLE INDUSTRY T HOWARD FOUNDATION 8630 FENTON STREET SUITE 316 SILVER SPRING MD 20910 541712500 501(C)(3) 141500 0 N/A N/A PROMOTE DIVERSITY IN THE CABLE INDUSTRY WOMEN IN CABLE TELECOMMUNICATIONS 2000 K ST NW SUITE 350 WASHINGTON DC 20006 363814358 501(C)(3) 178000 0 N/A N/A PROMOTE DIVERSITY IN THE CABLE INDUSTRY HIDDEN GENIUS PROJECT INC 1441 FRANKLIN ST OAKLAND CA 94612 460689949 501(C)(3) 40000 0 N/A N/A PROMOTE DIVERSITY IN THE CABLE INDUSTRY 4 1 SCHEDULE I, PART I, LINE 2: THE WALTER KAITZ FOUNDATION MONITORS THE USE OF PROGRAM FUNDS THROUGH A DETAILED REVIEW OF GRANTEES' AUDITED FINANCIALS AND IRS 990S. IN ADDITION TO THESE REVIEWS, THE FOUNDATION REQUIRES GRANTEES TO SUBMIT MID-YEAR AND POST-YEAR FINANCIAL AND PROGRAMMATIC REPORTS TO DEMONSTRATE THAT THE USE OF FUNDS ALIGNS WITH THE DETAILS PROVIDED IN THEIR GRANT APPLICATIONS. THESE REPORTS INCLUDE SUCCESS METRICS AND DESCRIPTIONS OF HOW THE PROGRAM OUTCOMES ADVANCE THE GRANTEE'S MISSION AND STRATEGIC PRIORITIES. GRANTEES ARE ALSO SUBJECT TO INDEPENDENT THIRD-PARTY EVALUATIONS TO ENSURE THAT FUNDED PROGRAMS ARE MEETING THEIR INTENDED GOALS AND DELIVERING MEANINGFUL IMPACT. 0 1 0 0 0 0 0 1 0 MICHAEL POWELL PRESIDENT & CEO 0 4620472 0 1200000 0 1347773 0 40405 0 25727 0 7234377 0 225000 NILDA GUMBS CHIEF OF STAFF 0 462903 0 65000 0 773 0 84405 0 19062 0 632143 0 0 PART I, LINE 4B: THE PRESIDENT & CEO AND CHIEF OF STAFF OF NCTA - THE INTERNET & TELEVISION ASSOCIATION PARTICIPATE IN A DEFERRED COMPENSATION AGREEMENT ADMINISTERED BY NCTA - THE INTERNET & TELEVISION ASSOCIATION. FORM 990, PART VI, SECTION A, LINE 7A THE NCTA BOARD OF DIRECTORS HAVE BEEN APPOINTED THE POWERS AND DUTIES OF THE BOARD OF TRUSTEES OF THE WALTER KAITZ FOUNDATION. NCTA'S BOARD OF DIRECTORS ARE ELECTED BY THE MEMBERS OF NCTA. THE OFFICERS OF THE ORGANIZATION, INCLUDING THE CHAIRMAN, VICE-CHAIRMAN, SECRETARY, TREASURER, AND PAST-CHAIRMAN, APPROVE THE OPERATING BUDGET, GRANTS AWARDED BY THE ORGANIZATION, AND MAKE DECISIONS RELATING TO THE FORMAL DINNER WHICH BRINGS ALL OF THE MEMBERSHIP TOGETHER. FORM 990, PART VI, SECTION A, LINE 7B PLEASE SEE THE EXPLANATION OFFERED IN REFERENCE TO FORM 990, PART VI, SECTION A, LINE 7A. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO FILING OF FEDERAL FORM 990, THE FORM IS MAILED TO ALL BOARD MEMBERS WHO INDEPENDENTLY REVIEW THE FORM. FORM 990, PART VI, SECTION B, LINE 12C THE FOUNDATION CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY BY ADDRESSING ANY CONFLICTS AT EVERY BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 15 THE FOUNDATION'S EMPLOYEES ARE BILLED THROUGH NCTA'S PAYROLL, WITH NCTA ACTING AS A COMMON PAYMASTER AND BEING REIMBURSED TO NCTA FOR PERSONNEL COSTS. NCTA HAS THE FOLLOWING PROCEDURES IN PLACE: TOP MANAGEMENT, OFFICERS, AND KEY EMPLOYEES UNDERGO AN ANNUAL PERFORMANCE REVIEW OF THE INDIVIDUAL'S COMPENSATION. THE ORGANIZATION'S BOARD OF DIRECTORS MUST REVIEW AND APPROVE THE COMPENSATION OF THE PRESIDENT & CEO. THE ANNUAL COMPENSATION ADJUSTMENTS FOR ALL OTHER STAFF IS REVIEWED BY THE PRESIDENT & CEO. THE ORGANIZATION ALSO USED SALARY SURVEYS TO ENSURE THAT COMPENSATION AMOUNTS ARE WITHIN GUIDELINES FOR ALL EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION PROVIDES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER FEES: PROGRAM SERVICE EXPENSES 126,518. MANAGEMENT AND GENERAL EXPENSES 32,257. FUNDRAISING EXPENSES 97,140. TOTAL EXPENSES 255,915. NCTA - THE INTERNET & TELEVISION ASSOC 25 MASSACHUSETTS AVENUE NW WASHINGTON DC 20001 530222396 INDUSTRY REP. DC 501(C)(6) N/A N/A 0 THE NCTA EDUCATION FOUNDATION 25 MASSACHUSETTS AVENUE NW WASHINGTON DC 20001 521653760 EDUCATIONAL DC 501(C)(3) LINE 10 NCTA 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 NCTA - THE INTERNET & TELEVISION ASSOCIATION O 488685 COST NCTA - THE INTERNET & TELEVISION ASSOCIATION P 699573 COST