Civic Intelligence

Marlborough Cable Trust

990 • Fiscal year 2019 • EIN 04-2741882

Apr 01, 2018 to Mar 31, 2019 • Filed on Jun 12, 2019

91 Main StreetMarlborough, MA 01752

(508) 481-1373

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

66th percentile

0.01x

Higher debt load relative to assets than 66% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

64th percentile

0.01x

Higher debt load relative to revenue than 64% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

9th percentile

-47%

Higher net margin than 9% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

98th percentile

$94,710

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 26.6% of source-year revenue.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

10th percentile

-46%

Faster asset growth than 10% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

91st percentile

86%

Faster revenue growth than 91% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Down

$199,830

Down $168,195 (-46%) from 2018

Net Assets

Down

$196,917

Down $165,563 (-46%) from 2018

Liabilities

Down

$2,913

Down $2,632 (-47%) from 2018

Revenue

Up

$355,891

Up $164,095 (+86%) from 2018

Expenses

Down

$521,455

Down $8,839 (-1.7%) from 2018

Net Income

Up

-$165,564

Up $172,934 (+51%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2011: $811,341Liabilities 2011: $311,896Net Assets 2011: $499,4452011Assets 2012: $946,057Liabilities 2012: $360,138Net Assets 2012: $585,9192012Assets 2013: $952,834Liabilities 2013: $299,402Net Assets 2013: $653,4322013Assets 2014: $1,066,922Liabilities 2014: $372,064Net Assets 2014: $694,8582014Assets 2015: $1,053,502Liabilities 2015: $327,610Net Assets 2015: $725,8922015Assets 2016: $1,034,316Liabilities 2016: $294,510Net Assets 2016: $739,8062016Assets 2017: $904,395Liabilities 2017: $203,417Net Assets 2017: $700,9782017Assets 2018: $368,025Liabilities 2018: $5,545Net Assets 2018: $362,4802018Assets 2019: $199,830Liabilities 2019: $2,913Net Assets 2019: $196,9172019Assets 2020: $208,692Liabilities 2020: $16,339Net Assets 2020: $192,3532020Assets 2021: $316,697Liabilities 2021: $1,972Net Assets 2021: $314,7252021Assets 2022: $301,496Liabilities 2022: $19,742Net Assets 2022: $281,7542022Assets 2023: $520,242Liabilities 2023: $276,170Net Assets 2023: $244,0722023Assets 2024: $456,924Liabilities 2024: $234,072Net Assets 2024: $222,8522024Assets 2025: $367,085Liabilities 2025: $182,074Net Assets 2025: $185,0112025

Highlighted filing

2019

Assets$199,830
Liabilities$2,913
Net Assets$196,917

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KExpenses 2011: $404,5502011Expenses 2012: $410,0602012Revenue 2013: $482,407Expenses 2013: $414,894Net Income 2013: $67,5132013Revenue 2014: $489,087Expenses 2014: $447,661Net Income 2014: $41,4262014Revenue 2015: $489,686Expenses 2015: $458,652Net Income 2015: $31,0342015Revenue 2016: $498,675Expenses 2016: $484,761Net Income 2016: $13,9142016Revenue 2017: $497,047Expenses 2017: $535,875Net Income 2017: -$38,8282017Revenue 2018: $191,796Expenses 2018: $530,294Net Income 2018: -$338,4982018Revenue 2019: $355,891Expenses 2019: $521,455Net Income 2019: -$165,5642019Revenue 2020: $511,878Expenses 2020: $516,442Net Income 2020: -$4,5642020Revenue 2021: $484,116Expenses 2021: $419,345Net Income 2021: $64,7712021Revenue 2022: $370,312Expenses 2022: $403,282Net Income 2022: -$32,9702022Revenue 2023: $461,853Expenses 2023: $499,535Net Income 2023: -$37,6822023Revenue 2024: $495,521Expenses 2024: $516,741Net Income 2024: -$21,2202024Revenue 2025: $479,803Expenses 2025: $517,644Net Income 2025: -$37,8412025

Highlighted filing

2019

Revenue$355,891
Expenses$521,455
Net Income-$165,564
Jump To
Filing Snapshot
Filing Period
Apr 1, 2018 to Mar 31, 2019
Signed
Jun 12, 2019
Return Version
2018v3.1
Gross Receipts
$355,891
Mission and Program Overview

Mission

To provide the residents of marlborough with coverage of local events and politics.

LOCAL ACCESS TELEVISION

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$233,071$188,428▼ $44,643
Cash and Non-Interest-Bearing Accounts$130,520$7,036▼ $123,484
Prepaid Expenses and Deferred Charges$990$923▼ $67
Total Assets$368,025$199,830▼ $168,195
Other Assets Total$3,444$3,443▼ $1
Liabilities
Accounts Payable and Accrued Expenses$5,545$2,913▼ $2,632
Deferred Revenue$0--
Total Liabilities$5,545$2,913▼ $2,632
Net Assets / Fund Balance
Unrestricted Net Assets$362,480$196,917▼ $165,563
Total Net Assets Fund Balance$362,480$196,917▼ $165,563
Total Liabilities and Net Assets / Fund Balance$368,025$199,830▼ $168,195

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$188,428$202,114-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Daniel GuindonStation ManagerFT$94,710$94,710
Arthur VigeantTrustee-$1,200$1,200
Linda OssingTrustee-$1,200$1,200
Joseph ValariotiTrustee-$1,050$1,050
Mike BergeronTrustee-$1,050$1,050
Patricia BernardTrustee-$600$600
Maureen GreulichTrustee-$300$300
Revenue and Support

Revenue Composition

Contributions and Grants
$355,519
Program Service Revenue
$0
Investment Income
$372
Other Revenue
$0
All Other Contributions
$355,519
Change in Net Assets
$-165,564
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$304,545
Other Expenses$216,910
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Comp Disqual Persons$180,691$0$0$180,691
Current Officers, Directors, Trustees, and Key Employees$94,710$5,400$0$100,110
Insurance$78,792$0$0$78,792
Occupancy$0$51,729$0$51,729
Depreciation Depletion$44,643$0$0$44,643
Payroll Taxes$23,744$0$0$23,744
All Other Expenses$17,454$0$0$17,454
Other Expenses$5,029$0$0$5,029
Fees for Services Accounting$0$4,348$0$4,348
Office Expenses$1,589$0$0$1,589
Travel$1,051$0$0$1,051
Total Functional Expenses$454,116$67,339$0$521,455
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Marlborough Cable Trust
EIN
04-2741882
Phone
5084811373
Address
91 Main Street, Marlborough, MA 01752

Signing Officer

Name
Arthur Vigeant
Title
Trustee
Phone
5084811373
Signed
2019-06-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Arthur Vigeant
Formed
1984
Legal Domicile
Ma
Voting Board Members
5
Independent Board Members
5
Employees
13
Volunteers
0

Preparer

Firm
Turner & Costa PC
Address
190 Littleton Rd, Westford, MA 01886
Preparer
Robert M Turner
Phone
9786923291
Supplemental Narrative

Additional Explanations

Pt VI, Line 19

Documents Available to public upon request

Pt VI, Line 11B

Organization's Process to Review Form 990-No review was

Pt VI, Line 11B

or will be conducted.

Pt XII, Line 1

Organization has always been accrual basis, wrong box was checked for some years.

Form 990, Part IX, Line 24E

Payroll Service Fees 3134. 3134. 0. 0.

Form 990, Part IX, Line 24E

Tech Support 2238. 2238. 0. 0.

Form 990, Part IX, Line 24E

Contract Labor 2760. 2760. 0. 0.

Form 990, Part IX, Line 24E

Promotional Expenses 1227. 1227. 0. 0.

Form 990, Part IX, Line 24E

Dues & Publications 1855. 1855. 0. 0.

Form 990, Part IX, Line 24E

Web Development 1815. 1815. 0. 0.

Form 990, Part IX, Line 24E

Postage 0. 0. 0. 0.

Form 990, Part IX, Line 24E

State Filing Fee 70. 70. 0. 0.

Form 990, Part IX, Line 24E

Bank Service Charge 0. 0. 0. 0.

Form 990, Part IX, Line 24E

Meals 3990. 3990. 0. 0.

Form 990, Part IX, Line 24E

Charitable Donations 365. 365. 0. 0.

Financial Statement Notes

Pt X, Line 2

Management has determined that the company does not have any uncertain tax positions and associated unrecognized benefits that materially impact the financial statements or related disclosures. Since tax matters are subject to some degree of uncertainty, there can be no assurance that the Company's tax returns will not be challenged by the taxing authorities and that the Company will not be subject to additional tax, penalties and interest as a result of such challenge. The Company's tax retuns remain open for examination for the current year and three preceding years for federal income tax and Massachusetts state income tax.

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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0495688
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0486871
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt02030346
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0372
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt01327
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt02591
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt02587
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt02710
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt09587
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0400
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0105
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0505
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0372
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt01327
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt02591
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt02587
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt02710
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IRS990ScheduleA/InvestmentIncomeCYPct00.00470
IRS990ScheduleA/InvestmentIncomePYPct00.00540
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IRS990ScheduleA/PublicSupportCY170Pct00
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IRS990ScheduleA/PublicSupportPY509Pct00.99460
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IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
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IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0355519
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0197812
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0494456
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0496088
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0486976
IRS990ScheduleA/Total509Grp/TotalAmt02030851
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02040438
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt0188428
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0202114
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0390542
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Management has determined that the company does not have any uncertain tax positions and associated unrecognized benefits that materially impact the financial statements or related disclosures. Since tax matters are subject to some degree of uncertainty, there can be no assurance that the Company's tax returns will not be challenged by the taxing authorities and that the Company will not be subject to additional tax, penalties and interest as a result of such challenge. The Company's tax retuns remain open for examination for the current year and three preceding years for federal income tax and Massachusetts state income tax.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt X, Line 2
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0188428
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Documents Available to public upon request
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Organization's Process to Review Form 990-No review was
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Organization has always been accrual basis, wrong box was checked for some years.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Payroll Service Fees 3134. 3134. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Tech Support 2238. 2238. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Contract Labor 2760. 2760. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Promotional Expenses 1227. 1227. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Dues & Publications 1855. 1855. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Web Development 1815. 1815. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Postage 0. 0. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11State Filing Fee 70. 70. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12Bank Service Charge 0. 0. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13Meals 3990. 3990. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14Charitable Donations 365. 365. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt XII, Line 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14Form 990, Part IX, Line 24e
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsGrp/BOYAmt0368025
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IRS990/TotalContributionsAmt0355519
IRS990/TotalEmployeeCnt013
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt067339
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0454116
IRS990/TotalFunctionalExpensesGrp/TotalAmt0521455
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt05545
IRS990/TotalLiabilitiesEOYAmt02913
IRS990/TotalLiabilitiesGrp/BOYAmt05545
IRS990/TotalLiabilitiesGrp/EOYAmt02913
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0362480
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0196917
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0454116
IRS990/TotalReportableCompFromOrgAmt0100110
IRS990/TotalRevenueGrp/ExclusionAmt0372
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0355891
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0368025
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0199830
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/FundraisingAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt00
IRS990/TravelGrp/ProgramServicesAmt01051
IRS990/TravelGrp/TotalAmt01051
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0362480
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0196917
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt098 Union Street
IRS990/USAddress/CityNm0Holden
IRS990/USAddress/StateAbbreviationCd0MA

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.37$0.18$0.19$0.48$0.52$0.04
2024Detailed filing. Detailed filing data is available for this year.$0.46$0.23$0.22$0.50$0.52$0.02
2023Detailed filing. Detailed filing data is available for this year.$0.52$0.28$0.24$0.46$0.50$0.04
2022Detailed filing. Detailed filing data is available for this year.$0.30$0.02$0.28$0.37$0.40$0.03
2021Detailed filing. Detailed filing data is available for this year.$0.32$0.00$0.31$0.48$0.42$0.06
2020Detailed filing. Detailed filing data is available for this year.$0.21$0.02$0.19$0.51$0.52$0.00
2019Detailed filing. Detailed filing data is available for this year.$0.20$0.00$0.20$0.36$0.52$0.17
2018Detailed filing. Detailed filing data is available for this year.$0.37$0.01$0.36$0.19$0.53$0.34
2017Detailed filing. Detailed filing data is available for this year.$0.90$0.20$0.70$0.50$0.54$0.04
2016Detailed filing. Detailed filing data is available for this year.$1.03$0.29$0.74$0.50$0.48$0.01
2015Detailed filing. Detailed filing data is available for this year.$1.05$0.33$0.73$0.49$0.46$0.03
2014Detailed filing. Detailed filing data is available for this year.$1.07$0.37$0.69$0.49$0.45$0.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.95$0.30$0.65$0.48$0.41$0.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.95$0.36$0.59$0.41
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.81$0.31$0.50$0.40