Reading Community Television Inc is located in Reading, MA. The organization was established in 1999. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2021, Reading Community Television Inc employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reading Community 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 06/2021, Reading Community Television Inc generated $664.4k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $644.5k during the year ending 06/2021. While expenses have increased by 1.6% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ACCESS TO PUBLIC CABLE TELEVISION, AIDING IN EDUCATION, ARTS AND PERSONAL FREEDOM, FOR PUBLIC USE OF EQUIPMENT AND STUDIO; TO AIR TELEVISION PROGRAMMING, TO PRODUCE NON-COMMERCIAL COMMUNITY PROGRAMMING FOR THE RESIDENTS AND ORGANIZATIONS OF READING, MASSACHUSETTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE ACCESS TO PUBLIC CABLE TELEVISION, AIDING IN EDUCATION, ARTS AND PERSONAL FREEDOM, FOR PUBLIC USE OF EQUIPMENT AND STUDIO; TO AIR TELEVISION PROGRAMMING, TO PRODUCE NON-COMMERCIAL COMMUNITY PROGRAMMING FOR THE RESIDENTS AND ORGANIZATIONS OF READING, MASSACHUSETTS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Chris Cridler President | OfficerTrustee | 1 | $0 |
Stephanie Johnson Vice President | OfficerTrustee | 1 | $0 |
Anna Tourkakis Treasurer | OfficerTrustee | 1 | $0 |
Catie Robertson Clerk | OfficerTrustee | 1 | $0 |
Stephen Crook Director | Trustee | 1 | $0 |
Carla Nazzaro Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $1,388 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $69,875 |
All other contributions, gifts, grants, and similar amounts not included above | $175 |
Noncash contributions included in lines 1a–1f | $175 |
Total Revenue from Contributions, Gifts, Grants & Similar | $71,438 |
Total Program Service Revenue | $592,939 |
Investment income | $26 |
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 | $664,403 |
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 | $320,993 |
Pension plan accruals and contributions | $4,282 |
Other employee benefits | $18,388 |
Payroll taxes | $28,691 |
Fees for services: Management | $0 |
Fees for services: Legal | $250 |
Fees for services: Accounting | $7,693 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $1,655 |
Office expenses | $3,973 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $115,920 |
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 | $72,950 |
Insurance | $12,529 |
All other expenses | $15,488 |
Total functional expenses | $644,464 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $147,011 |
Savings and temporary cash investments | $285,729 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $138,349 |
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 |
Net Land, buildings, and equipment | $256,203 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $12,142 |
Total assets | $839,434 |
Accounts payable and accrued expenses | $2,821 |
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 | $2,821 |
Net assets without donor restrictions | $836,613 |
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 | $839,434 |
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