Form 990, Page 6, Part VI, Line 11B
“Board of directors reviews the return before filing.”
990 • Fiscal year 2017 • EIN 04-3318911
Scores are not available for this record yet.
Assets
Up$1,457,914
Up $1,041,711 (+250%) from 2016
Net Assets
Up$1,424,653
Up $1,008,450 (+242%) from 2016
Liabilities
Up$33,261
Up $33,261 from 2016
Revenue
Up$1,122,417
Up $400,493 (+55%) from 2016
Expenses
Up$829,238
Up $36,342 (+4.6%) from 2016
Net Income
Up$293,179
Up $364,151 (+513%) from 2016
The corporation's primary exempt purpose is operating educational programs, television programming, and television facilities that will provide the residents and students of the town of weymouth, ma with training in the use of such television facilities and educational channels in connection with the cable system serving the town. Effective jan. 1, 2005, the corporation expanded their operation to include operation of public access and government access channels.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Investments Program Related | - | $697,370 | - |
| Land, Buildings, and Equipment, Net | $336,609 | $444,213 | ▲ $107,604 |
| Accounts Receivable | - | $206,984 | - |
| Cash and Non-Interest-Bearing Accounts | $28,700 | $95,681 | ▲ $66,981 |
| Investments in Publicly Traded Securities | $42,152 | - | - |
| Prepaid Expenses and Deferred Charges | - | $7,922 | - |
| Intangible Assets | $8,742 | $5,744 | ▼ $2,998 |
| Total Assets | $416,203 | $1,457,914 | ▲ $1,041,711 |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | - | $33,261 | - |
| Total Liabilities | $0 | $33,261 | ▲ $33,261 |
| Net Assets / Fund Balance | |||
| Unrestricted Net Assets | $416,203 | $1,424,653 | ▲ $1,008,450 |
| Total Net Assets Fund Balance | $416,203 | $1,424,653 | ▲ $1,008,450 |
| Total Liabilities and Net Assets / Fund Balance | $416,203 | $1,457,914 | ▲ $1,041,711 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | $204,304 | $385,846 | $590,150 |
| Leasehold Improvements | $239,909 | $84,243 | $324,152 |
| Investment Program Related Org | $13,615 | - | - |
| Name | Title |
|---|---|
| Glenn Heath | President |
| Chris Castro | Director |
| Joseph Cleary | Secretary |
| James Duffy | Treasurer |
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $449,089 |
| Other Expenses | $380,149 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $342,574 | $12,417 | - | $354,991 |
| Depreciation Depletion | $113,458 | - | - | $113,458 |
| Occupancy | $82,246 | $2,296 | - | $84,542 |
| Other Employee Benefits | $57,411 | $2,947 | - | $60,358 |
| Information Technology | $41,939 | - | - | $41,939 |
| Payroll Taxes | $27,956 | $1,012 | - | $28,968 |
| Office Expenses | $28,894 | $20 | - | $28,914 |
| Fees for Services Accounting | $17,198 | $9,260 | - | $26,458 |
| Insurance | $14,694 | - | - | $14,694 |
| Conferences and Meetings | $11,707 | - | - | $11,707 |
| Travel | $8,739 | - | - | $8,739 |
| Pension Plan Contributions | $4,399 | $373 | - | $4,772 |
| Advertising | $399 | - | - | $399 |
| Other Expenses | $269 | $703 | - | $269 |
| Total Functional Expenses | $800,210 | $29,028 | $0 | $829,238 |
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $829,238 |
| Total Expenses per Audited Statements | $829,238 |
| Total Expenses per Form 990 | $829,238 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
“Board of directors reviews the return before filing.”
“Salary increases are subject to review from the board of directors”
“Salary increases are subject to review from the board of directors”
“Governing documents made available to the public upon request.”
“The corporation's primary exempt purpose is operating educational programs, television programming, and television facilities that will provide the residents and students of the town of weymouth, ma with training in the use of such television facilities and educational channels in connection with the cable system serving the town. Effective jan. 1, 2005, the corporation expanded their operation to include operation of public access and government access channels.”
“Book/tax 4797 difference 704”
“Prior year financial statements were reported on the modified cash basis of accounting. Current year financial statements are prepared on the accrual basis of accounting generally accepted in the united states.”
“Section 481(a) adjustment 213,499”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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| IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc | 0 | PRUDENTIAL (PIFZX) |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc | 1 | PIMCO (PBDDX) |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc | 2 | SIT (SNGVX) |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc | 3 | LORD ABBETT (LHYAX) |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc | 4 | RIDGEWORTH (SAMBX) |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc | 5 | GENERAL ELECTRIC (GE) |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd | 0 | F |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd | 1 | F |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd | 2 | F |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd | 3 | F |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd | 4 | F |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd | 5 | F |
| IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt | 0 | 239909 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt | 0 | 84243 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt | 0 | 324152 |
| IRS990ScheduleD/NetUnrealizedGainsInvstAmt | 0 | -1318 |
| IRS990ScheduleD/OtherRevenuesNotIncludedAmt | 0 | 213499 |
| IRS990ScheduleD/RevenueNotReportedAmt | 0 | -1318 |
| IRS990ScheduleD/RevenueNotReportedFinclStmtAmt | 0 | 213499 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 908918 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | SECTION 481(A) ADJUSTMENT 213,499 |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | SCHEDULE D, PAGE 4, PART XI, LINE 4B |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 444213 |
| IRS990ScheduleD/TotalBookValueProgramRltdAmt | 0 | 697370 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 829238 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 1122417 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 907600 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 829238 |
| IRS990/ScheduleJRequiredInd | 0 | false |
| IRS990/ScheduleORequiredInd | 0 | true |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | THE CORPORATION'S PRIMARY EXEMPT PURPOSE IS OPERATING EDUCATIONAL PROGRAMS, TELEVISION PROGRAMMING, AND TELEVISION FACILITIES THAT WILL PROVIDE THE RESIDENTS AND STUDENTS OF THE TOWN OF WEYMOUTH, MA WITH TRAINING IN THE USE OF SUCH TELEVISION FACILITIES AND EDUCATIONAL CHANNELS IN CONNECTION WITH THE CABLE SYSTEM SERVING THE TOWN. EFFECTIVE JAN. 1, 2005, THE CORPORATION EXPANDED THEIR OPERATION TO INCLUDE OPERATION OF PUBLIC ACCESS AND GOVERNMENT ACCESS CHANNELS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | BOARD OF DIRECTORS REVIEWS THE RETURN BEFORE FILING. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | SALARY INCREASES ARE SUBJECT TO REVIEW FROM THE BOARD OF DIRECTORS |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | SALARY INCREASES ARE SUBJECT TO REVIEW FROM THE BOARD OF DIRECTORS |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | GOVERNING DOCUMENTS MADE AVAILABLE TO THE PUBLIC UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | BOOK/TAX 4797 DIFFERENCE 704 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | PRIOR YEAR FINANCIAL STATEMENTS WERE REPORTED ON THE MODIFIED CASH BASIS OF ACCOUNTING. CURRENT YEAR FINANCIAL STATEMENTS ARE PREPARED ON THE ACCRUAL BASIS OF ACCOUNTING GENERALLY ACCEPTED IN THE UNITED STATES. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990 - ORGANIZATION'S MISSION |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PAGE 6, PART VI, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PAGE 6, PART VI, LINE 15A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PAGE 6, PART VI, LINE 15B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PAGE 6, PART VI, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PART XI, LINE 9 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | FORM 990, PAGE 12, PART XII, LINE 1 |
| IRS990/SchoolOperatingInd | 0 | false |
| IRS990/SignificantChangeInd | 0 | false |
| IRS990/SignificantNewProgramSrvcInd | 0 | false |
| IRS990/StatesWhereCopyOfReturnIsFldCd | 0 | MA |
| IRS990/SubjectToProxyTaxInd | 0 | false |
| IRS990/TaxablePartyNotificationInd | 0 | false |
| IRS990/TaxExemptBondsInd | 0 | false |
| IRS990/TempOrPermanentEndowmentsInd | 0 | false |
| IRS990/TerminateOperationsInd | 0 | false |
| IRS990/TotalAssetsBOYAmt | 0 | 416203 |
| IRS990/TotalAssetsEOYAmt | 0 | 1457914 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 416203 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 1457914 |
| IRS990/TotalCompGreaterThan150KInd | 0 | false |
| IRS990/TotalContributionsAmt | 0 | 1113087 |
| IRS990/TotalEmployeeCnt | 0 | 8 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 29028 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 800210 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 829238 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 33261 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 0 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 33261 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 416203 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 1424653 |
| IRS990/TotalProgramServiceExpensesAmt | 0 | 800210 |
| IRS990/TotalRevenueGrp/ExclusionAmt | 0 | 19417 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | -10087 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 1122417 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 416203 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 1457914 |
| IRS990/TravelGrp/ProgramServicesAmt | 0 | 8739 |
| IRS990/TravelGrp/TotalAmt | 0 | 8739 |
| IRS990/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | false |
| IRS990/UnrestrictedNetAssetsGrp/BOYAmt | 0 | 416203 |
| IRS990/UnrestrictedNetAssetsGrp/EOYAmt | 0 | 1424653 |
| IRS990/UponRequestInd | 0 | X |
| IRS990/USAddress/AddressLine1Txt | 0 | 8 HILL ROAD |
| IRS990/USAddress/CityNm | 0 | HOLBROOK |
| IRS990/USAddress/StateAbbreviationCd | 0 | MA |
| IRS990/USAddress/ZIPCd | 0 | 02343 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 4 |
| IRS990/VotingMembersIndependentCnt | 0 | 4 |
| IRS990/WebsiteAddressTxt | 0 | WWW.WEYMOUTH.TV |
| IRS990/WhistleblowerPolicyInd | 0 | false |
| ReturnHeader/BuildTS | 0 | 2017-02-10 21:41:12Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | JAMES DUFFY |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | TREASURER |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 7813313400 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2017-09-28 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | WEYMOUTH EDUCATIONAL |
| ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt | 0 | TELECOMMUNICATIONS CORP INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | WEYM |
| ReturnHeader/Filer/EIN | 0 | 043318911 |
| ReturnHeader/Filer/PhoneNum | 0 | 7813313400 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 775 PLEASANT STREET STE 12 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | WEYMOUTH |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | MA |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 021892355 |
| ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId | 0 | 2BDA5714C4D8442C27F833D29CEF9A3BF2B771E6 |
| ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId | 0 | 7F4210F1912DFE42D5504FFF9366DC1015F35424 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 042809586 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | D J GUSTAFSON & CO CPA PC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 775 PLEASANT STREET SUITE 5 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | E WEYMOUTH |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | MA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 02189 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 7813318811 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2017-11-14 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | JAMES W GUSTAFSON CPA |
| ReturnHeader/ReturnTs | 0 | 2017-11-15T09:44:32-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2016-07-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2017-06-30 |
| ReturnHeader/TaxYr | 0 | 2016 |
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Displayed year
2017 • Form 990Detailed filing. Detailed filing data is available for this year.