Wakefield Community Access Television Inc
- Assets
- $954.2k
- Revenue
- $667.0k
- Investments
- $0.0
- Employees
- 6
- Location
- Wakefield, MA
- Founding
- 02/1995
- Data as of
- 06/2023
- EIN
- 04-3104545
Organization Overview
Wakefield Community Access Television Inc is located in Wakefield, MA. The organization was established in 1995. 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 06/2023, Wakefield Community Access Television Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wakefield Community Access Television 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 06/2023, Wakefield Community Access Television Inc generated $667.0k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $465.3k during the year ending 06/2023. 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
THE PURPOSE OF WAKEFIELD COMMUNITY ACCESS TELEVISION, INC. IS TO OPERATE WCAT CHANNELS 3 & 16 ON THE CABLE TELEVISION IN WAKEFIELD, MA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION IS WAKEFIELD'S COMMUNITY MEDIA PARTNER, OFFERING A COMMUNICATION PLATFORM FOR DIALOGUE, CIVIC ENGAGEMENT, AND DIVERSE PERSPECTIVES NOT GENERALLY AVAILABLE FROM COMMERCIAL MEDIA. THE ORGANIZATION IS COMMITTED TO EXCELLENCE IN STORYTELLING AND INFORMATION ACCESS FOR ALL THE CITIZENS OF THE COMMUNITY.
THE ORGANIZATION PROGRAMS INCLUDE TELEVISION COVERAGE FOR GOVERNMENT / SCHOOL COMMITTEE MEETINGS, POLITICAL DEBATES, SCHOOL PERFORMANCES, SPORTING EVENTS, LOCAL PERFORMANCES, EDUCATIONAL & INFORMATIVE DISCUSSIONS, AND DOCUMENTARIES.
THE ORGANIZATION IS EVOLVING FROM A CABLE-ACCESS STATION INTO WAKEFIELD'S COMMUNITY MEDIA CENTER, WHERE STAFF, MEMBERS AND VOLUNTEERS PRODUCE VIDEO AND PODCASTS, LEARN HOW TO CREATE AND CURATE CONTENT WITH NEW TECHNOLOGIES, AND COME TOGETHER TO PARTICIPATE IN COMMUNITY ORIENTED EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Fox Director | Trustee | 0 | $0 |
Bill Carroll Director | Trustee | 0 | $0 |
Rob Brogna Director | Trustee | 0 | $0 |
Tom Stapleton Director | Trustee | 0 | $0 |
Kathy Healey Director | Trustee | 0 | $0 |
Paula Pustorino Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $564,859 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,860 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $568,719 |
| Total Program Service Revenue | $80,060 |
| Investment income | $18,222 |
| 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 | $667,001 |
| 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 | $325,362 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,751 |
| Office expenses | $11,709 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,980 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $700 |
| Interest | $1,395 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $30,483 |
| Insurance | $0 |
| All other expenses | $13,258 |
| Total functional expenses | $465,297 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $848,221 |
| 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 | $4,580 |
| Net Land, buildings, and equipment | $86,179 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,267 |
| Total assets | $954,247 |
| Accounts payable and accrued expenses | $32,445 |
| 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 | $31,002 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $63,447 |
| Net assets without donor restrictions | $890,800 |
| 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 | $954,247 |