Lower Cape Communications Inc
- Assets
- $1.5m
- Revenue
- $657.7k
- Investments
- $0.0
- Employees
- 3
- Location
- Provincetown, MA
- Founding
- 06/1978
- Data as of
- 09/2023
- EIN
- 04-2664623
Organization Overview
Lower Cape Communications Inc is located in Provincetown, MA. The organization was established in 1978. According to its NTEE Classification (A34) the organization is classified as: Radio, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 09/2023, Lower Cape Communications Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lower Cape Communications Inc 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 09/2023, Lower Cape Communications Inc generated $657.7k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $614.7k during the year ending 09/2023. While expenses have increased by 5.2% 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
TO PROVIDE PUBLIC BROADCASTING TO LOWER CAPE COD
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING NONCOMMERCIAL EDUCATIONAL RADIO BROADCAST BYVOLUNTEERS BOTH MUSIC AND SPOKEN WORD AND PUBLIC AFFAIRS TO RESIDENTS OF CAPE COD, MASSACHUSETTS. AUDIENCE OF APPROXIMATELY 30,000
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sheila House President | OfficerTrustee | 5 | $0 |
Clark Doody Director | Trustee | 1 | $0 |
Barbara Blaisdell Director | Trustee | 1 | $0 |
Fred Boak Clerk | OfficerTrustee | 5 | $0 |
Eli Ingraham Director | Trustee | 1 | $0 |
Sheila Lyons Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $342,892 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $111,865 |
| All other contributions, gifts, grants, and similar amounts not included above | $43,926 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $498,683 |
| Total Program Service Revenue | $61,738 |
| Investment income | $3,407 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $59,527 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $34,394 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $657,749 |
| 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 | $249,123 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,651 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,623 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $18,433 |
| Advertising and promotion | $443 |
| Office expenses | $35,746 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $67,386 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,685 |
| Interest | $118 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $46,975 |
| Insurance | $32,302 |
| All other expenses | $35,006 |
| Total functional expenses | $614,725 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $249,915 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,000 |
| 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 | $5,939 |
| Net Land, buildings, and equipment | $960,937 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $286,095 |
| Total assets | $1,505,886 |
| Accounts payable and accrued expenses | $5,328 |
| Grants payable | $0 |
| Deferred revenue | $20,423 |
| 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 | $286,756 |
| Total liabilities | $312,507 |
| Net assets without donor restrictions | $1,193,379 |
| 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 | $1,505,886 |