Michigan Cable Telecommunications Association Inc
- Assets
- $1.6m
- Revenue
- $877.9k
- Investments
- $0.0
- Employees
- 3
- Location
- Lansing, MI
- Founding
- 04/1982
- Data as of
- 12/2023
- EIN
- 38-2375437
Organization Overview
Michigan Cable Telecommunications Association Inc is located in Lansing, MI. The organization was established in 1982. According to its NTEE Classification (W03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2023, Michigan Cable Telecommunications Association Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Michigan Cable Telecommunications Association Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Michigan Cable Telecommunications Association Inc generated $877.9k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $857.4k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.2%) 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE, FOSTER, AND PROTECT COMMON CABLE TELECOMMUNICATION INDUSTRY INTERESTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP DUES FROM 7 CABLE SYSTEM MEMBERS AND 2 ASSOCIATE MEMBERS.
MEMBERSHIP MEETINGS AND EDUCATIONAL PROGRAMS - BETWEEN 275-320 PEOPLE ATTENDED THE 2 LEGISLATIVE LUNCHES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Brady Director | Trustee | 1 | $0 |
Adam Raschka Director | Trustee | 1 | $0 |
Craig D'agostini Director | Trustee | 1 | $0 |
Chris Horak President (ended 3/23) | OfficerTrustee | 3 | $0 |
Marilyn Passmore Vice President | OfficerTrustee | 2 | $0 |
John Jamar Secretary/treasurer | OfficerTrustee | 2 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $863,637 |
| Investment income | $17,021 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,710 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $877,948 |
| 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. | $162,910 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $67,733 |
| Pension plan accruals and contributions | $4,949 |
| Other employee benefits | $37,906 |
| Payroll taxes | $17,372 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $115,900 |
| Fees for services: Accounting | $16,935 |
| Fees for services: Lobbying | $215,545 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,800 |
| Fees for services: Other | $60,000 |
| Advertising and promotion | $0 |
| Office expenses | $15,176 |
| Information technology | $10,001 |
| Royalties | $0 |
| Occupancy | $34,574 |
| Travel | $5,989 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,994 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,201 |
| Insurance | $7,301 |
| All other expenses | $0 |
| Total functional expenses | $857,433 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,503 |
| Savings and temporary cash investments | $1,430,824 |
| 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 | $1,488 |
| Net Land, buildings, and equipment | $173,623 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,607,438 |
| Accounts payable and accrued expenses | $385,907 |
| Grants payable | $0 |
| Deferred revenue | $20,250 |
| 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 | $406,157 |
| Net assets without donor restrictions | $1,201,281 |
| 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 | $1,607,438 |