Haverhill Community Tv
- Assets
- $3.5m
- Revenue
- $914.6k
- Investments
- $0.0
- Employees
- 7
- Location
- Haverhill, MA
- Founding
- 04/1990
- Data as of
- 03/2024
- EIN
- 04-3020060
Organization Overview
Haverhill Community Tv is located in Haverhill, MA. The organization was established in 1990. 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 03/2024, Haverhill Community Tv employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Haverhill Community Tv 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, Haverhill Community Tv generated $914.6k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $880.2k during the year ending 03/2024. As we would expect to see with falling revenues, expenses have declined by (0.6%) per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND SPONSOR PUBLIC ACCESS TELEVISION IN HAVERHILL. OUR PURPOSE IS TO PROVIDE HAVERHILL RESIDENTS AND HAVERHILL BASED NON-PROFIT INSTITUTIONS ACCESS TO THE POWERFUL MEDIUM OF TELEVISION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES THE CITY OF HAVERHILL WITH NEWS, EDUCATION, INFORMATIONAL AND ENTERTAINMENT PROGRAMS VIA DEDICATED CABLE TV CHANNELS, THE ORGANIZATION ALSO PROVIDES PRODUCTION INSTRUCTIONS AND ASSISTANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Glosner Director | Trustee | 1 | $0 |
Pam Carr Treasurer | OfficerTrustee | 1 | $0 |
James Cleary President | OfficerTrustee | 1 | $0 |
Allison Heartquist Director | Trustee | 1 | $0 |
Stephanie Guyotte Vice President | OfficerTrustee | 1 | $0 |
Kim Lyng Director | 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 | $5,700 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,700 |
| Total Program Service Revenue | $873,450 |
| Investment income | $27,933 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,010 |
| 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 | $914,557 |
| 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. | $63,998 |
| Compensation of current officers, directors, key employees. | $63,998 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $306,016 |
| Pension plan accruals and contributions | $34,020 |
| Other employee benefits | $66,446 |
| Payroll taxes | $36,962 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $41,585 |
| Fees for services: Lobbying | $1,980 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,026 |
| Advertising and promotion | $585 |
| Office expenses | $27,970 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $93,405 |
| Travel | $458 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $27,305 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $122,699 |
| Insurance | $21,674 |
| All other expenses | $0 |
| Total functional expenses | $880,231 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $928,968 |
| Savings and temporary cash investments | $499,094 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $209,680 |
| 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 | $1,767 |
| Net Land, buildings, and equipment | $1,878,324 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,517,833 |
| Accounts payable and accrued expenses | $35,146 |
| 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 | $769,893 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $805,039 |
| Net assets without donor restrictions | $2,712,794 |
| 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 | $3,517,833 |
Grants Awarded
Over the last fiscal year, Haverhill Community Tv has awarded $10,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NORTHERN ESSEX COMMUNITY COLLEGE FOUNDATION PURPOSE: SCHOLARSHIPS | $10,000 |