Opencape Corporation
- Assets
- $22.9m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 12
- Location
- Barnstable, MA
- Founding
- 11/2008
- Data as of
- 12/2022
- EIN
- 20-8670761
Organization Overview
Opencape Corporation is located in Barnstable, MA. The organization was established in 2008. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Opencape Corporation employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Opencape Corporation 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 12/2022, Opencape Corporation generated $3.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.0% each year . All expenses for the organization totaled $5.5m during the year ending 12/2022. While expenses have increased by 4.6% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAIN A COMPREHENSIVE "MIDDLE MILE" COMMUNICATIONS NETWORK TO SUPPORT THE ECONOMIC, EDUCATIONAL, PUBLIC SAFETY AND GOVERMENTAL NEEDS OF THE SOUTHEAST MASSACHUSETTS REGION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Campbell Chairman | OfficerTrustee | 1 | $0 |
John Kennan Jr Vice Chairman | OfficerTrustee | 1 | $0 |
Al Tate Treasurer | OfficerTrustee | 1 | $0 |
Sean O'brien Director | Trustee | 1 | $0 |
Adam Avratin Assistant Clerk | OfficerTrustee | 1 | $0 |
Robert Cody Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sertex Llc General Contracting | 12/30/20 | $437,364 |
Integration Partners Corp Telecommunications | 12/30/20 | $269,218 |
Verizon Utlities | 12/30/20 | $154,621 |
Crown Castle Fiber Llc Telecommunications | 12/30/20 | $118,284 |
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 | $3,803,260 |
| Investment income | $4,857 |
| 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 | $3,808,117 |
| 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. | $224,041 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $724,212 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $107,139 |
| Payroll taxes | $64,036 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $52,236 |
| Fees for services: Accounting | $36,631 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $232,966 |
| Advertising and promotion | $0 |
| Office expenses | $83,908 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $257,014 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $9,405 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,540,356 |
| Insurance | $56,228 |
| All other expenses | $25,000 |
| Total functional expenses | $5,540,949 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $144,819 |
| Savings and temporary cash investments | $2,440,152 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $532,666 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $203,478 |
| Prepaid expenses and deferred charges | $94,340 |
| Net Land, buildings, and equipment | $19,444,654 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $22,860,109 |
| Accounts payable and accrued expenses | $503,006 |
| Grants payable | $0 |
| Deferred revenue | $620,604 |
| 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 | $157,123 |
| Other liabilities | $0 |
| Total liabilities | $1,280,733 |
| Net assets without donor restrictions | $21,579,376 |
| 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 | $22,860,109 |