Norton Cable Access Inc in Norton, Massachusetts (MA)
Table of contents:
- Overview
- Detailed Reports
- Analysis of Revenue and Expenses
- Balance Sheets
- Capital Gains and Losses for Tax on Investment Income
- Excise Tax Based on Investment Income
- Statements Regarding Activities
- Statements Regarding Activities for Which Form 4720 May Be Required
- Minimum Investment Return
- Distributable Amount
- Undistributed Income
- Private Operating Foundations
- Organizations performing similar types of work
Norton Cable Access Inc | |
Employer Identification Number (EIN) | 043440846 |
Name of Organization | Norton Cable Access Inc |
Address | 184 W Main St, Norton, MA 02766-1243 |
Subsection | Educational Organization |
Ruling Date | 02/2005 |
Deductibility | Contributions are deductible |
Foundation | Private operating foundation (other) |
Organization | Corporation |
Exempt Organization Status | Unconditional Exemption |
Tax Period | 06/2013 |
Assets | $500,000 to $999,999 |
Income | $100,000 to $499,999 |
Filing Requirement | 990 - Not required to file (all other) |
Asset Amount | $524,349 |
Amount of Income | $299,533 |
Form 990 Revenue Amount | $272,724 |
National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Television |
Non-representatives - add comments:
Amount of income in 2013: $299,533 (it was $284,786 in 2012)
Norton Cable Access Inc: | $299,533 |
Other organizations performing similar types of work: | $179,046 |
Assets in 2013: $524,349 (it was $471,811 in 2012)
Norton Cable Access Inc: | $524,349 |
Other organizations performing similar types of work: | $160,322 |
Expenses in 2012: $234,824
Norton Cable Access Inc: | $234,824 |
Other organizations performing similar types of work: | $172,462 |
Income to expenses ratio in 2012: 1.3
Norton Cable Access Inc: | 1.3 |
Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2012: 99.5%
Norton Cable Access Inc: | 99.5% |
Other organizations performing similar types of work: | 61.2% |
Revenue for 2012
Expenses for 2012
Analysis of Revenue and Expenses (for 2012) | ||||
Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
---|---|---|---|---|
Total revenue | $284,786 | $1,504 | $0 | |
Contributions, gifts, grants, etc., received | $283,282 | |||
Interest on savings and temporary cash investments | $1,504 | |||
Dividends and interest from securities | $0 | |||
Gross rents | $0 | |||
Gross profit from sales of goods | $0 | |||
Other income | $0 | |||
Total expenses and disbursements | $234,824 | $0 | $0 | $13,400 |
Compensation of officers, directors, trustees, etc. | $0 | |||
Total operating and administrative expenses | $221,424 | $0 | $0 | |
Contributions, gifts, grants paid | $13,400 | |||
Excess of revenue over expenses and disbursements | $49,962 | |||
Net investment income | $1,504 | |||
Adjusted net income | $0 |
Balance Sheets (for 2012) | ||
Book Value | Fair Market Value | |
---|---|---|
Total assets | $471,811 | $471,811 |
Cash - non-interest-bearing | $0 | |
Investments-U.S. and state government obligations | $0 | |
Investments-corporate stock | $0 | |
Investments-corporate bonds | $0 | |
Investments-mortgage loans | $0 | |
Investments-other | $0 | |
Other | $471,811 | |
Total liabilities | $1,101 | |
Mortgages and other notes payable | $0 | |
Other | $1,101 | |
Total liabilities and net assets/fund balances | $470,710 |
Capital Gains and Losses for Tax on Investment Income (for 2012) | |
Capital gain net income | $0 |
Net capital loss | $0 |
Excise Tax Based on Investment Income (for 2012) | |
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
Tax based on investment income | $30 |
Total credits and payments | $0 |
Any penalty for underpayment of estimated tax | $0 |
Tax due | $30 |
Overpayment | $0 |
Amount to be credited to 2013 estimated tax | $0 |
Statements Regarding Activities (for 2012) | |
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign? | No |
Was there a liquidation, termination, dissolution, or substantial contraction during the year? | No |
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2012 or the taxable year beginning in 2012? | Yes |
Statements Regarding Activities for Which Form 4720 May Be Required (for 2012) | |
During the year did the foundation (either directly or indirectly): | |
Engage in the sale or exchange, or leasing of property with a disqualified person? | No |
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person? | No |
Furnish goods, services, or facilities to (or accept them from) a disqualified person? | No |
Pay compensation to, or pay or reimburse the expenses of, a disqualified person? | No |
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)? | No |
Agree to pay money or property to a government official? | No |
At the end of tax year 2012, did the foundation have any undistributed income for tax year(s) beginning before 2012? | No |
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year? | No |
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? | No |
During the year did the foundation pay or incur any amount to: | |
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? | No |
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive? | No |
Provide a grant to an individual for travel, study, or other similar purposes? | No |
Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)? | No |
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals? | No |
Minimum Investment Return (for 2012) | |
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $462,195 |
Net value of noncharitable-use assets | $455,260 |
Minimum investment return | $22,763 |
Distributable Amount (for 2012) | |
Distributable amount | $0 |
Undistributed Income (for 2012) | |
Distributable amount for 2012 | $0 |
Undistributed income for 2012. This amount must be distributed in 2013 | $0 |
Private Operating Foundations (for 2012) | |||||
2012 | 2011 | 2010 | 2009 | Total | |
---|---|---|---|---|---|
The lesser of the adjusted net income or the minimum investment return | $1 | $0 | $0 | $0 | $1 |
Qualifying distributions made directly for active conduct of exempt activities | $0 | $311,792 | $320,755 | $130,569 | $763,116 |
Value of all assets | $1 | $121,855 | $137,436 | $122,006 | $381,297 |
Value of assets qualifying under section 4942(j)(3)(B)(i) | $0 | $121,855 | $137,436 | $122,006 | $381,297 |
2/3 of minimum investment return | $0 | $13,401 | $12,883 | $7,845 | $34,129 |
Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) | $0 | $270,556 | $285,585 | $203,508 | $759,649 |
Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii) | $0 | $0 | $0 | $0 | $0 |
Gross investment income | $0 | $0 | $0 | $0 | $0 |
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Organizations performing similar types of work | |||||
Id | Name | Address | State | Established | Total Income |
---|---|---|---|---|---|
1 | Franklin Community Cable Access | PO BOX 286, Franklin, MA 02038-0286 | MA | 2012-09 | $711,099 |
2 | Woburn Public Media Center Inc | 88 Montvale Ave Woburn Hs 2nd Floor, Woburn, MA 01801 | MA | 2005-11 | $618,605 |
3 | Wareham Community Television Inc | PO BOX 446, Wareham, MA 02571-0446 | MA | 2008-07 | $476,435 |
4 | Stoneham Community Access Inc | 53 Central St, Stoneham, MA 02180-2061 | MA | 2005-01 | $465,230 |
5 | Winchester Community Access And Media Inc | 80 Skillings Rd, Winchester, MA 01890-2853 | MA | 2003-07 | $451,005 |
6 | Hingham Community Access And Media Corporation, Hcam | 35 Pond Park Rd Ste 8, Hingham, MA 02043-4352 | MA | 2012-01 | $434,689 |
7 | Acton Community Access Television Inc | 2 Flagg Rd, Acton, MA 01720 | MA | 2010-02 | $434,456 |
8 | Sandwich Area Community Access Television Inc | 11 Jan Sebastian Dr Ste 10, Sandwich, MA 02563-2357 | MA | 2001-01 | $415,402 |
9 | Marblehead Community Access And Media Incorporated | 154 Lafayette St, Marblehead, MA 01945-1166 | MA | 2010-06 | $413,889 |
10 | Revere Community Media Center, Revere Tv | 385 Broadway Ste 203, Revere, MA 02151-3049 | MA | 2008-10 | $412,224 |
11 | Whitman Hanson Community Access Corporation | 115 South Ave, Whitman, MA 02382-2025 | MA | 2006-03 | $378,866 |
12 | Lower Cape Community Access Television Inc | PO BOX 1661, North Eastham, MA 02651-1661 | MA | 2011-02 | $373,811 |
13 | Wayland Community Access And Media Inc | 268 Old Connecticut Path, Wayland, MA 01778-3141 | MA | 2002-01 | $340,061 |
14 | Westborough Tv Inc | 33 W Main St, Westborough, MA 01581-1931 | MA | 2006-05 | $284,576 |
15 | Somerset Access Television Inc | 331 Elsbree St, Fall River, MA 02720-7211 | MA | 2007-07 | $278,238 |
16 | Sudbury Access Corporation | 390 Lincoln Rd, Sudbury, MA 01776-1409 | MA | 2009-02 | $257,107 |
17 | Pembroke Media Broadcast Inc | 4 Collins Ave, Plymouth, MA 02360-4809 | MA | 2010-07 | $235,112 |
18 | Amesbury Community Television Inc | 5 Highland St, Amesbury, MA 01913-2215 | MA | 2012-10 | $219,532 |
19 | Bourne Community Tv Inc | PO BOX 3055, Buzzards Bay, MA 02532-0755 | MA | 2014-06 | $198,829 |
20 | Shirley Public Access Corporation | 7 Keady Way, Shirley, MA 01464-2630 | MA | 2006-05 | $172,151 |
Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Total | 502 |
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