Lincoln County Television
- Assets
- $40.9k
- Revenue
- $226.6k
- Investments
- $0.0
- Employees
- 8
- Location
- Newcastle, ME
- Founding
- 02/1993
- Data as of
- 12/2023
- EIN
- 01-0471814
Organization Overview
Lincoln County Television is located in Newcastle, ME. The organization was established in 1993. According to its NTEE Classification (A32) the organization is classified as: Television, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Lincoln County Television employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lincoln County Television 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 12/2023, Lincoln County Television generated $226.6k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 25.8% each year . All expenses for the organization totaled $232.2k during the year ending 12/2023. While expenses have increased by 28.2% per year over the past 5 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
LCTV IS A PEG (PUBLIC, EDUCATION AND GOVERNMENT ACCESS) TV STATION ESTABLISHED IN 1991. LCTV'S MEDIA CENTER, LOCATED IN NEWCASTLE, MAINE, BROADCASTS 24/7 AND REACHES APPROXIMATELY 5,000 HOUSEHOLDS IN SEVERAL TOWNS IN THE MIDCOAST REGION VIA CABLE TV, AND THE WORLD VIA THE INTERNET.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LCTV IS A PEG (PUBLIC, EDUCATION AND GOVERNMENT ACCESS) TV STATION ESTABLISHED IN 1991. LCTV'S MEDIA CENTER, LOCATED IN NEWCASTLE, MAINE, BROADCASTS 24/7 AN REACHES APPROXIMATELY 5,000 HOUSEHOLDS IN SEVERAL TOWNS IN THE MIDCOAST REGION VIA CABLE TV, AND THE WORLD VIA THE INTERNET.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jane Gravel President/director | OfficerTrustee | 40 | $0 |
Marva Nesbit Vice President | OfficerTrustee | 1 | $0 |
Holly Margaritis Secretary | OfficerTrustee | 1 | $0 |
Wendy Corlett Treasurer | OfficerTrustee | 1 | $0 |
Lara Decker Board Member | Trustee | 1 | $0 |
Scott Shott Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $133,962 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $133,962 |
| Total Program Service Revenue | $21,738 |
| Investment income | $2 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $4,392 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $226,585 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $145,947 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $13,906 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,900 |
| Fees for services: Accounting | $125 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,609 |
| Advertising and promotion | $0 |
| Office expenses | $4,600 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,485 |
| 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 | $4,398 |
| Depreciation, depletion, and amortization | $6,067 |
| Insurance | $7,150 |
| All other expenses | $393 |
| Total functional expenses | $232,218 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,609 |
| Savings and temporary cash investments | $3,754 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,480 |
| 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 |
| Net Land, buildings, and equipment | $19,081 |
| Investments—publicly traded securities | $5,000 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $40,924 |
| Accounts payable and accrued expenses | $0 |
| 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 | $27,375 |
| Other liabilities | $0 |
| Total liabilities | $27,375 |
| Net assets without donor restrictions | $13,549 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $40,924 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Maine Public Broadcasting Corporation Lewiston, ME | $44,284,020 | $28,024,682 |
Strafford Health Alliance Somersworth, NH | $0 | $6,918,526 |
Concord Community Tv Cctv Concord, NH | $649,756 | $339,601 |
Lincoln County Television Newcastle, ME | $40,924 | $226,585 |
Saco River Community Television Hollis, ME | $292,914 | $0 |
Valley Vision Center Conway, NH | $53,872 | $0 |
Souls Harbor Inc Main Rd Corinth, ME | $228,918 | $129,939 |
Mt Blue Community Access Tv Inc Farmington, ME | $85,747 | $137,539 |
Portsmouth Public Media Inc Portsmouth, NH | $188,232 | $0 |
Norway Paris Community Television Norway, ME | $138,058 | $0 |
Harpswell Community Broadcasting Corporation Harpswell, ME | $142,244 | $0 |
Claremont Community Television Inc Claremont, NH | $243,264 | $0 |
Lakes Region Public Access-Tv Inc Laconia, NH | $150,121 | $0 |
Somerset Community Television Madison, ME | $208,478 | $0 |
Cheshire Tv Manchester, NH | $52,025 | $0 |