Civic Intelligence

Needham Community Television Development Corporation

990 • Fiscal year 2023 • EIN 04-2870379

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 15, 2024

Refreshing map…

257 Chestnut StreetNeedham, MA 02492

(781) 449-6964

Siviq Scores

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

Liabilities / Assets

13th percentile

0.00x

Higher debt load relative to assets than 13% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

16th percentile

0.02x

Higher debt load relative to revenue than 16% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Net Margin

54th percentile

5.6%

Higher net margin than 54% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

22nd percentile

$0

Higher top officer pay than 22% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Asset Growth

50th percentile

5.4%

Faster asset growth than 50% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

60th percentile

12%

Faster revenue growth than 60% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Assets

Up

$5,429,159

Up $277,788 (+5.4%) from 2022

Net Assets

Up

$5,415,159

Up $342,983 (+6.8%) from 2022

Liabilities

Down

$14,000

Down $65,195 (-82%) from 2022

Revenue

Up

$805,185

Up $86,258 (+12%) from 2022

Expenses

Up

$760,021

Up $55,620 (+7.9%) from 2022

Net Income

Up

$45,164

Up $30,638 (+211%) from 2022

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2010: $1,975,883Liabilities 2010: $0Net Assets 2010: $1,975,8832010Assets 2011: $2,228,035Liabilities 2011: $40,973Net Assets 2011: $2,187,0622011Assets 2012: $2,423,079Liabilities 2012: $0Net Assets 2012: $2,423,0792012Assets 2013: $2,836,343Liabilities 2013: $0Net Assets 2013: $2,836,3432013Assets 2014: $3,185,130Liabilities 2014: $0Net Assets 2014: $3,185,1302014Assets 2015: $3,485,840Liabilities 2015: $0Net Assets 2015: $3,485,8402015Assets 2016: $3,802,080Liabilities 2016: $5,025Net Assets 2016: $3,797,0552016Assets 2017: $4,178,580Liabilities 2017: $5,050Net Assets 2017: $4,173,5302017Assets 2018: $4,214,405Liabilities 2018: $0Net Assets 2018: $4,214,4052018Assets 2019: $4,802,270Liabilities 2019: $0Net Assets 2019: $4,802,2702019Assets 2020: $5,259,373Liabilities 2020: $77,929Net Assets 2020: $5,181,4442020Assets 2021: $5,788,769Liabilities 2021: $5,200Net Assets 2021: $5,783,5692021Assets 2022: $5,151,371Liabilities 2022: $79,195Net Assets 2022: $5,072,1762022Assets 2023: $5,429,159Liabilities 2023: $14,000Net Assets 2023: $5,415,1592023Assets 2024: $5,486,967Liabilities 2024: $13,000Net Assets 2024: $5,473,9672024

Highlighted filing

2023

Assets$5,429,159
Liabilities$14,000
Net Assets$5,415,159

Operations Trend

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

$1.5M$1.0M$500K$0Expenses 2010: $350,7342010Expenses 2011: $414,3652011Revenue 2012: $648,439Expenses 2012: $420,329Net Income 2012: $228,1102012Revenue 2013: $854,016Expenses 2013: $446,335Net Income 2013: $407,6812013Revenue 2014: $709,559Expenses 2014: $372,920Net Income 2014: $336,6392014Revenue 2015: $745,860Expenses 2015: $440,765Net Income 2015: $305,0952015Revenue 2016: $758,181Expenses 2016: $489,537Net Income 2016: $268,6442016Revenue 2017: $812,939Expenses 2017: $544,927Net Income 2017: $268,0122017Revenue 2018: $848,288Expenses 2018: $630,204Net Income 2018: $218,0842018Revenue 2019: $951,010Expenses 2019: $626,312Net Income 2019: $324,6982019Revenue 2020: $794,206Expenses 2020: $675,006Net Income 2020: $119,2002020Revenue 2021: $1,035,508Expenses 2021: $668,548Net Income 2021: $366,9602021Revenue 2022: $718,927Expenses 2022: $704,401Net Income 2022: $14,5262022Revenue 2023: $805,185Expenses 2023: $760,021Net Income 2023: $45,1642023Revenue 2024: $930,495Expenses 2024: $871,687Net Income 2024: $58,8082024

Highlighted filing

2023

Revenue$805,185
Expenses$760,021
Net Income$45,164
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 15, 2024
Return Version
2023v5.1
Gross Receipts
$3,219,837
Mission and Program Overview

Mission

The organization provides public, educational and governmental programming through the needham channel for cable television subscribers in the town of needham, massachusetts.

Production of community news and events for local cable tv

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$3,365,202$3,899,955▲ $534,753
Land, Buildings, and Equipment, Net$1,048,931$995,082▼ $53,849
Cash and Non-Interest-Bearing Accounts$737,238$534,122▼ $203,116
Total Assets$5,151,371$5,429,159▲ $277,788
Liabilities
Accounts Payable and Accrued Expenses$79,195$14,000▼ $65,195
Total Liabilities$79,195$14,000▼ $65,195
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,072,176$5,415,159▲ $342,983
Total Net Assets Fund Balance$5,072,176$5,415,159▲ $342,983
Total Liabilities and Net Assets / Fund Balance$5,151,371$5,429,159▲ $277,788

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$635,976$256,279$892,255
Equipment$174,106$645,058$819,164
Land$185,000-$185,000
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$608,174
Investment Income
$197,011
Other Revenue
$0
Change in Net Assets
$45,164

Audited Revenue Reconciliation

Revenue per Audited Statements
$768,191
Revenue Not Reported on Financial Statements
$36,994
Revenue Not Reported on Form 990
$297,819
Total Revenue per Audited Statements
$1,066,010
Total Revenue per Form 990
$805,185
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$529,441
Other Expenses$230,580
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$287,789$31,976-$319,765
Current Officers, Directors, Trustees, and Key Employees$95,400$10,600-$106,000
Depreciation Depletion$61,282$20,427-$81,709
Other Employee Benefits$63,995$7,110-$71,105
Occupancy$31,028$10,342-$41,370
Fees for Service Investment Mgmnt Fees-$36,994-$36,994
Payroll Taxes$29,314$3,257-$32,571
Insurance$21,836$7,278-$29,114
Office Expenses$15,932$10,621-$26,553
Fees for Services Accounting-$14,840-$14,840
Total Functional Expenses$606,576$153,445$0$760,021

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$760,021
Expenses per Audited Statements$723,027
Total Expenses per Audited Statements$723,027
Expenses Not Reported on Financial Statements$36,994
Expenses Not Reported on Form 990$0
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
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

The organization does not have any committees that have the authority to act on behalf of the governing body.

Form 990, Part VI, Section B, Line 11B

Each member of the governing board was provided a copy of this form 990 and given the opportunity to provide comments and ask questions before the return was finalized and signed by the treasurer

Form 990, Part VI, Section B, Line 12C

The board reviews the annual conflict of interest documentation provided by board members and key employees

Form 990, Part VI, Section C, Line 19

The documents are available at the office of the organization for review upon request. Copies are provided when requested.

Filing and Contact Details

Filer

Filer Name
Needham Community Television
EIN
04-2870379
Phone
7814496964
Address
257 CHESTNUT STREET, NEEDHAM, MA 02492

Signing Officer

Name
Peter Hess
Title
Treasurer
Phone
7814496964
Signed
2024-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Peter Hess
Formed
1985
Legal Domicile
Ma
Voting Board Members
9
Independent Board Members
9
Employees
9
Volunteers
0

Preparer

Firm
Raffol and Company Inc
Address
105 CHESTNUT ST SUITE 11, NEEDHAM, MA 02492
Preparer
Jonathan Vitale
Phone
7814444926
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt078279
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt078368
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt085842
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt087514
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0527015
IRS990ScheduleA/InvestmentIncomeCYPct00.13220
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.86780
IRS990ScheduleA/PublicSupportTotal509Amt03459981
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0608174
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0640648
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0748352
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0726792
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0736015
IRS990ScheduleA/Total509Grp/TotalAmt03459981
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0805186
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0718927
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0826720
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0812634
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0823529
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03986996
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0635976
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0256279
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0892255
IRS990ScheduleD/EquipmentGrp/BookValueAmt0174106
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0645058
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0819164
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt036994
IRS990ScheduleD/ExpensesSubtotalAmt0723027
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt036994
IRS990ScheduleD/InvestmentExpensesNotIncldAmt036994
IRS990ScheduleD/LandGrp/BookValueAmt0185000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0185000
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0297819
IRS990ScheduleD/RevenueNotReportedAmt0297819
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt036994
IRS990ScheduleD/RevenueSubtotalAmt0768191
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0995082
IRS990ScheduleD/TotalExpensesPerForm990Amt0760021
IRS990ScheduleD/TotalRevenuePerForm990Amt0805185
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01066010
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0723027
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES THAT HAVE THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH MEMBER OF THE GOVERNING BOARD WAS PROVIDED A COPY OF THIS FORM 990 AND GIVEN THE OPPORTUNITY TO PROVIDE COMMENTS AND ASK QUESTIONS BEFORE THE RETURN WAS FINALIZED AND SIGNED BY THE TREASURER
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD REVIEWS THE ANNUAL CONFLICT OF INTEREST DOCUMENTATION PROVIDED BY BOARD MEMBERS AND KEY EMPLOYEES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE DOCUMENTS ARE AVAILABLE AT THE OFFICE OF THE ORGANIZATION FOR REVIEW UPON REQUEST. COPIES ARE PROVIDED WHEN REQUESTED.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt05151371
IRS990/TotalAssetsEOYAmt05429159
IRS990/TotalAssetsGrp/BOYAmt05151371
IRS990/TotalAssetsGrp/EOYAmt05429159
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt09
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0153445
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0606576
IRS990/TotalFunctionalExpensesGrp/TotalAmt0760021
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt079195
IRS990/TotalLiabilitiesEOYAmt014000
IRS990/TotalLiabilitiesGrp/BOYAmt079195
IRS990/TotalLiabilitiesGrp/EOYAmt014000
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt05072176
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt05415159
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0606576
IRS990/TotalProgramServiceRevenueAmt0608174
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0197011
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0608174
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0805185
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt05151371
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt05429159
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0257 CHESTNUT STREET
IRS990/USAddress/CityNm0NEEDHAM
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd002492
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.NEEDHAMCHANNEL.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0PETER HESS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum07814496964
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NEEDHAM COMMUNITY TELEVISION
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0DEVELOPMENT CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0NEED
ReturnHeader/Filer/EIN0042870379
ReturnHeader/Filer/PhoneNum07814496964
ReturnHeader/Filer/USAddress/AddressLine1Txt0257 CHESTNUT STREET
ReturnHeader/Filer/USAddress/CityNm0NEEDHAM
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd002492
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0471096596
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RAFFOL AND COMPANY INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0105 CHESTNUT ST SUITE 11
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEEDHAM
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd002492
ReturnHeader/PreparerPersonGrp/PhoneNum07814444926
ReturnHeader/PreparerPersonGrp/PreparationDt02024-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JONATHAN VITALE
ReturnHeader/ReturnTs02024-11-15T14:53:59-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.49$0.01$5.47$0.93$0.87$0.06
2023Detailed filing. Detailed filing data is available for this year.$5.43$0.01$5.42$0.81$0.76$0.05
2022Detailed filing. Detailed filing data is available for this year.$5.15$0.08$5.07$0.72$0.70$0.01
2021Detailed filing. Detailed filing data is available for this year.$5.79$0.01$5.78$1.04$0.67$0.37
2020Detailed filing. Detailed filing data is available for this year.$5.26$0.08$5.18$0.79$0.68$0.12
2019Detailed filing. Detailed filing data is available for this year.$4.80$0.00$4.80$0.95$0.63$0.32
2018Detailed filing. Detailed filing data is available for this year.$4.21$0.00$4.21$0.85$0.63$0.22
2017Detailed filing. Detailed filing data is available for this year.$4.18$0.01$4.17$0.81$0.54$0.27
2016Detailed filing. Detailed filing data is available for this year.$3.80$0.01$3.80$0.76$0.49$0.27
2015Detailed filing. Detailed filing data is available for this year.$3.49$0.00$3.49$0.75$0.44$0.31
2014Detailed filing. Detailed filing data is available for this year.$3.19$0.00$3.19$0.71$0.37$0.34
2013Detailed filing. Detailed filing data is available for this year.$2.84$0.00$2.84$0.85$0.45$0.41
2012Summary only. Only limited summary data is available for this year.$2.42$0.00$2.42$0.65$0.42$0.23
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.23$0.04$2.19$0.41
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.98$0.00$1.98$0.35