Marlborough Cable Trust
- Assets
- $456.9k
- Revenue
- $495.5k
- Investments
- $3.2k
- Employees
- 8
- Location
- Marlborough, MA
- Founding
- 11/1983
- Data as of
- 03/2024
- EIN
- 04-2741882
Organization Overview
Marlborough Cable Trust is located in Marlborough, MA. 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 03/2024, Marlborough Cable Trust employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marlborough Cable Trust 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 03/2024, Marlborough Cable Trust generated $495.5k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $516.7k during the year ending 03/2024. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE THE RESIDENTS OF MARLBOROUGH WITH COVERAGE OF LOCAL EVENTS AND POLITICS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING THE RESIDENTS OF MARLBOROUGH WITH A DEPENDABLE COMMUNITY BASED VIEW OF THE CITY BY PROVIDING COVERAGE OF LOCAL EVENTS AND POLITICS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Ossing Trustee | Trustee | 1 | $1,500 |
Ryan Malyar Executive Director | Trustee | 40 | $84,067 |
Meredith Harris Trustee | Trustee | 1 | $1,350 |
Mary Murphy Trustee | Trustee | 1 | $1,200 |
Jerry Christian Dumais Trustee | Trustee | 1 | $0 |
Kerry Morris Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $493,855 |
| Investment income | $1,666 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $495,521 |
| 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. | $152,846 |
| Compensation of current officers, directors, key employees. | $152,846 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $134,915 |
| Pension plan accruals and contributions | $6,715 |
| Other employee benefits | $50,861 |
| Payroll taxes | $23,382 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,172 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $240 |
| Office expenses | $1,352 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $54,540 |
| 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 | $0 |
| Depreciation, depletion, and amortization | $37,163 |
| Insurance | $6,467 |
| All other expenses | $2,181 |
| Total functional expenses | $516,741 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $133,573 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $1,781 |
| Net Land, buildings, and equipment | $119,099 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,243 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $199,228 |
| Total assets | $456,924 |
| Accounts payable and accrued expenses | $32,172 |
| 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 | $201,900 |
| Total liabilities | $234,072 |
| Net assets without donor restrictions | $222,852 |
| 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 | $456,924 |