Caribbean Cable Tv Association Inc
- Assets
- $142.2k
- Revenue
- $23.5k
- Investments
- $0.0
- Employees
- 0
- Location
- St Thomas, VI
- Founding
- 03/1991
- Data as of
- 12/2021
- EIN
- 66-0456267
Organization Overview
Caribbean Cable Tv Association Inc is located in St Thomas, VI. The organization was established in 1991. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Caribbean Cable Tv 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 12/2021, Caribbean Cable Tv Association Inc generated $23.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (30.8%) each year. All expenses for the organization totaled $44.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (23.9%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
MEMBERSHIP DUES REFLECT MEMBERSHIP IN THE ASSOCIATION. THE PURPOSE OF THE ORGANIZATION IS TO FOSTER AND PROMOTE DEVELOPMENT OF CABLE TV SERVICES. MEMBERS PARTICIPATE IN ACTIVITIES CONDUCTED BY THE ASSOCIATION SUCH AS THE ANNUAL TRADE SHOW AND TRAINING SEMINARS WHICH SERVE TO PROMOTE COOPERATION AND UNDERSTANDING AMONG ITS MEMBERS AS WELL AS ENCOURAGE AND PROMOTE HIGH STANDARDS OF SERVICE AND CONDUCT WHICH ARE IN THE BEST INTERESTS OF THE PUBLIC AND THE INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRAINING SEMINARS - THESE SEMINARS ARE DESIGNED TO EDUCATE MEMBERS' EMPLOYEES ON THE LATEST TECHNOLOGY AND STANDARDS FOR THE CABLE TELEVISION INDUSTRY. THESE SEMINARS ARE OFFERED AT NO CHARGE TO MEMBERS' EMPLOYEES.
ANNUAL TRADE SHOW EXPENSE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Burrows Vice Chair | OfficerTrustee | $0 | |
Nelson Colon Director & T | OfficerTrustee | $0 | |
Darryl Hather Chair | OfficerTrustee | $0 | |
Larry Foland Associate Di | Trustee | $0 | |
Andrew N Greene Director | Trustee | $0 | |
Tamara Lalla Ragoonath Director | Trustee | $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 | $23,210 |
| Investment income | $310 |
| 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 | $23,520 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $40,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,875 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,133 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $781 |
| Total functional expenses | $44,789 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,351 |
| Savings and temporary cash investments | $117,096 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,785 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $142,232 |
| 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 | $0 |
| 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 | $142,232 |
| Total liabilities and net assets/fund balances | $142,232 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Virgin Islands Childrens Museum St Thomas, VI | $202,825 | $434,083 |
Cmcarts Inc Frederiksted, VI | $384,918 | $464,749 |
Foundation For The Reichhold Center For The Arts St Thomas, VI | $12,116,990 | $352,505 |
Ten Sleepless Knights Inc St Croix, VI | $138,874 | $267,282 |
United Jazz Foundation St Thomas, VI | $15,216 | $122,796 |