Quincy Telecommunications Corporation Inc
- Assets
- $2.6m
- Revenue
- $988.0k
- Investments
- $0.0
- Employees
- 10
- Location
- Quincy, MA
- Founding
- 02/1997
- Data as of
- 12/2019
- EIN
- 04-3338053
Organization Overview
Quincy Telecommunications Corporation Inc is located in Quincy, MA. The organization was established in 1997. 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 12/2017, Quincy Telecommunications Corporation Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Quincy Telecommunications Corporation 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 12/2019, Quincy Telecommunications Corporation Inc generated $988.0k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $997.7k during the year ending 12/2019. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
THE QUINCY TELECOMMUNICATIONS CORPORATION, INC. (QTC) WAS FORMED IN 1996 TO SERVE THE COMMUNICATION NEEDS OF RESIDENTS, EDUCATIONAL INSTITUTIONS, GOVERNMENTAL BODIES AND NOT-FOR-PROFIT ORGANIZATIONS IN THE CITY OF QUINCY. IT IS CHARGED WITH THE RESPONSIBILITY OF ESTABLISHING PROCEDURES TO FACILITATE AND MAXIMIZE THE AVAILABILITY OF ACCESS CHANNEL RESOURCES TO THE RESIDENTS AND INSTITUTIONS OF QUINCY. QTC IS RECOGNIZED BY THE I.R.S. AS A 501(C)(3) CHARITABLE ORGANIZATION AND FULFILLS ITS MISSION IN PART THROUGH QUINCY ACCESS TELEVISION, BY PROVIDING TRAINING ON, AND ACCESS TO, VIDEO PRODUCTION EQUIPMENT AND FACILITIES, AS WELL AS OTHER COMMUNICATION TECHNOLOGIES, AND CHANNEL/BROADCAST TIME ON THE LOCAL CABLE TELEVISION SYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
QTC FULFILLS ITS MISSION IN PART THROUGH QUINCY ACCESS TELEVISION, BY PROVIDING TRAINING ON, AND ACCESS TO, VIDEO PRODUCTION EQUIPMENT AND FACILITIES, AS WELL AS OTHER COMMUNICATION TECHNOLOGIES, AND CHANNEL/BROADCAST TIME ON THE LOCAL CABLE TELEVISION SYSTEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Campbell Executive Di | Officer | 40 | $125,080 |
James Mullaney III Treasurer | OfficerTrustee | $0 | |
James Tansey Clerk | OfficerTrustee | $0 | |
James Timmins President | OfficerTrustee | $0 | |
Theresa Bellotti Director | Trustee | $0 | |
Thomas Gorman Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,840 |
| Investment income | $7,645 |
| 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 | $987,964 |
| Statement of Expenses | |
|---|---|
| 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. | $140,859 |
| Compensation to disqualified persons | $388,426 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $93,459 |
| Payroll taxes | $43,829 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $13,446 |
| Office expenses | $27,700 |
| Information technology | $3,266 |
| Royalties | $0 |
| Occupancy | $23,430 |
| Travel | $1,677 |
| 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 | $192,943 |
| Insurance | $16,923 |
| All other expenses | $11,550 |
| Total functional expenses | $997,655 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,673,571 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $466,866 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $22,693 |
| Total assets | $2,631,735 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $2,631,735 |
| 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 |
| Total liabilities and net assets/fund balances | $2,631,735 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Quincy Telecommunications Corporation Inc has recieved totaling $62.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $62 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Universal Communications Network Inc New York, NY | $23,705,014 | $36,204,062 |
Downtown Community Television Center Inc New York, NY | $12,160,508 | $18,067,924 |
Storycorps Inc Brooklyn, NY | $16,608,870 | $12,121,023 |
Eastern Educational Television Network Inc Boston, MA | $16,514,282 | $14,535,811 |
Vermont Etv Inc Winooski, VT | $65,912,701 | $9,345,245 |
Rhode Island Pbs Foundation Providence, RI | $95,486,573 | $5,636,610 |
Manhattan Community Access Corporat Ion New York, NY | $36,696,255 | $8,423,391 |
Strafford Health Alliance Somersworth, NH | $0 | $6,918,526 |
St Lawrence Valley Educational Television Council Inc Watertown, NY | $2,869,491 | $2,752,985 |
Connecticut Public Affairs Network Inc Hartford, CT | $1,634,043 | $2,736,017 |
Plymouth Area Community Access Television Inc Plymouth, MA | $2,970,317 | $2,304,755 |
Art 21 Inc New York, NY | $6,856,845 | $2,240,072 |