Civic Intelligence

Weymouth Educational Telecommunicators Corporation Inc.

990 • Fiscal year 2021 • EIN 04-3318911

Jul 01, 2020 to Jun 30, 2021 • Filed on Oct 19, 2021

Organization ProfileWWW.WEYMOUTH.TV
775 Pleasant Street Ste 12Weymouth, MA 02189-2355

(781) 331-3400

Siviq Scores

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

Liabilities / Assets

43rd percentile

0.04x

Higher debt load relative to assets than 43% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

47th percentile

0.07x

Higher debt load relative to revenue than 47% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

14th percentile

-13%

Higher net margin than 14% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

11th percentile

-6.2%

Faster asset growth than 11% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

12th percentile

-23%

Faster revenue growth than 12% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets43rd percentile

Assets

Down

$1,332,893

Down $88,418 (-6.2%) from 2020

Net Assets

Down

$1,278,599

Down $96,719 (-7.0%) from 2020

Liabilities

Up

$54,294

Up $8,301 (+18%) from 2020

Revenue And Expenses
Liabilities / Revenue47th percentileNet Margin14th percentile

Revenue

Down

$738,592

Down $225,144 (-23%) from 2020

Expenses

Up

$832,609

Up $24,783 (+3.1%) from 2020

Net Income

Down

-$94,017

Down $249,927 (-160%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth11th percentile

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

$1.5M$1.0M$500K$0Assets 2011: $418,032Liabilities 2011: $0Net Assets 2011: $418,0322011Assets 2012: $428,018Liabilities 2012: $0Net Assets 2012: $428,0182012Assets 2013: $489,361Liabilities 2013: $0Net Assets 2013: $489,3612013Assets 2014: $529,306Liabilities 2014: $0Net Assets 2014: $529,3062014Assets 2015: $494,986Liabilities 2015: $0Net Assets 2015: $494,9862015Assets 2016: $416,203Liabilities 2016: $0Net Assets 2016: $416,2032016Assets 2017: $1,457,914Liabilities 2017: $33,261Net Assets 2017: $1,424,6532017Assets 2018: $1,461,098Liabilities 2018: $31,438Net Assets 2018: $1,429,6602018Assets 2019: $1,454,499Liabilities 2019: $33,154Net Assets 2019: $1,421,3452019Assets 2020: $1,421,311Liabilities 2020: $45,993Net Assets 2020: $1,375,3182020Assets 2021: $1,332,893Liabilities 2021: $54,294Net Assets 2021: $1,278,5992021Assets 2022: $1,249,802Liabilities 2022: $36,926Net Assets 2022: $1,212,8762022Assets 2023: $1,477,173Liabilities 2023: $147,594Net Assets 2023: $1,329,5792023Assets 2024: $1,476,766Liabilities 2024: $100,841Net Assets 2024: $1,375,9252024Assets 2025: $1,284,370Liabilities 2025: $68,708Net Assets 2025: $1,215,6622025

Highlighted filing

2021

Assets$1,332,893
Liabilities$54,294
Net Assets$1,278,599
Open 2021 Filing

Operations Trend

Revenue Growth12th percentile

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

$1.5M$1.0M$500K$0-$500KExpenses 2011: $635,0842011Expenses 2012: $613,8332012Revenue 2013: $656,845Expenses 2013: $595,347Net Income 2013: $61,4982013Revenue 2014: $670,731Expenses 2014: $623,532Net Income 2014: $47,1992014Revenue 2015: $708,148Expenses 2015: $729,208Net Income 2015: -$21,0602015Revenue 2016: $721,924Expenses 2016: $792,896Net Income 2016: -$70,9722016Revenue 2017: $1,122,417Expenses 2017: $829,238Net Income 2017: $293,1792017Revenue 2018: $1,039,054Expenses 2018: $807,310Net Income 2018: $231,7442018Revenue 2019: $1,020,514Expenses 2019: $825,933Net Income 2019: $194,5812019Revenue 2020: $963,736Expenses 2020: $807,826Net Income 2020: $155,9102020Revenue 2021: $738,592Expenses 2021: $832,609Net Income 2021: -$94,0172021Revenue 2022: $720,178Expenses 2022: $745,153Net Income 2022: -$24,9752022Revenue 2023: $955,953Expenses 2023: $876,965Net Income 2023: $78,9882023Revenue 2024: $858,413Expenses 2024: $840,807Net Income 2024: $17,6062024Revenue 2025: $659,082Expenses 2025: $840,863Net Income 2025: -$181,7812025

Highlighted filing

2021

Revenue$738,592
Expenses$832,609
Net Income-$94,017
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Oct 19, 2021
Return Version
2020v4.0
Gross Receipts
$742,125
Mission and Program Overview

Mission

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$681,133$761,156▲ $80,023
Land, Buildings, and Equipment, Net$304,782$245,920▼ $58,862
Accounts Receivable$178,929$168,674▼ $10,255
Cash and Non-Interest-Bearing Accounts$232,646$136,797▼ $95,849
Prepaid Expenses and Deferred Charges$17,146$16,294▼ $852
Intangible Assets$1,463$627▼ $836
Total Assets$1,421,311$1,332,893▼ $88,418
Other Assets Total$5,212$3,425▼ $1,787
Liabilities
Accounts Payable and Accrued Expenses$45,993$54,294▲ $8,301
Total Liabilities$45,993$54,294▲ $8,301
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,375,318$1,278,599▼ $96,719
Total Net Assets Fund Balance$1,375,318$1,278,599▼ $96,719
Total Liabilities and Net Assets / Fund Balance$1,421,311$1,332,893▼ $88,418

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$77,336$490,835$568,171
Leasehold Improvements$168,584$158,783$327,367
Investment Program Related Org$33,366--
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Glenn HeathPresident
Chris CastroDirector
Christopher PotterDirector
Joseph ClearySecretary
James DuffyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$726,180
Program Service Revenue
$0
Investment Income
$12,412
Other Revenue
$0
All Other Contributions
$726,180
Change in Net Assets
$-94,017

Audited Revenue Reconciliation

Revenue per Audited Statements
$738,592
Revenue Not Reported on Form 990
$-109
Total Revenue per Audited Statements
$738,483
Total Revenue per Form 990
$738,592
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$466,103
Other Expenses$366,506
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$268,017--$268,017
Occupancy$99,162$2,346-$101,508
Current Officers, Directors, Trustees, and Key Employees$78,030$13,770-$91,800
Depreciation Depletion$75,782--$75,782
Other Employee Benefits$66,145$3,767-$69,912
Information Technology$62,544--$62,544
Office Expenses$35,174--$35,174
Fees for Services Accounting$21,450$10,527-$31,977
Payroll Taxes$27,637$1,152-$28,789
Insurance$16,848--$16,848
Travel$13,865--$13,865
Pension Plan Contributions$7,212$373-$7,585
Conferences and Meetings$1,244--$1,244
Other Expenses$269$525-$269
Total Functional Expenses$800,149$32,460$0$832,609

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$835,202
Expenses per Audited Statements$832,609
Total Expenses per Form 990$832,609
Expenses Not Reported on Form 990$2,593
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
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“Board of directors reviews the return before filing.”

Form 990, Page 6, Part VI, Line 15A

“Salary increases are subject to review from the board of directors”

Form 990, Page 6, Part VI, Line 15B

“Salary increases are subject to review from the board of directors”

Form 990, Page 6, Part VI, Line 19

“Governing documents made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Weymouth Educational
EIN
04-3318911
Phone
7813313400
Address
775 PLEASANT STREET STE 12, WEYMOUTH, MA 02189-2355
Doing Business As
Wetc

Signing Officer

Name
James Duffy
Title
Treasurer
Phone
7813313400
Signed
2021-10-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Duffy
Formed
1996
Legal Domicile
Ma
Voting Board Members
5
Independent Board Members
5
Employees
6

Preparer

Firm
D J Gustafson & Co CPA Pc
Address
775 PLEASANT STREET SUITE 5, E WEYMOUTH, MA 02189
Preparer
James W Gustafson CPA
Phone
7813318811
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Item C

“WETC”

FORM 990 - ORGANIZATION'S MISSION

“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.”

Form 990, Page 2, Part III, Line 4D

“The corporation is in the business of providing educational programs, television programming, and television facilties to the city of weymouth. Weymouth residents benefit by having a local access cable station. It also provides students of the city of weymouth, ma with training in the use of such television studios and creation of educational programming.”

Form 990, Part XI, Line 9

“Book/tax 4797 difference -2,593”

Financial Statement Notes

Schedule D, Page 4, Part XII, Line 2D

“Book/tax disposal difference 2,593”

Raw XML Appendix400 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt045993
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt054294
IRS990/AccountsReceivableGrp/BOYAmt0178929
IRS990/AccountsReceivableGrp/EOYAmt0168674
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0THE 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.
IRS990/AllOtherContributionsAmt0726180
IRS990/AuditCommitteeInd0true
IRS990/BooksInCareOfDetail/PersonNm0JAMES DUFFY
IRS990/BooksInCareOfDetail/PhoneNum07813313400
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt08 HILL ROAD
IRS990/BooksInCareOfDetail/USAddress/CityNm0HOLBROOK
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd002343
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0232646
IRS990/CashNonInterestBearingGrp/EOYAmt0136797
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt013770
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt078030
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt091800
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt01244
IRS990/ConferencesMeetingsGrp/TotalAmt01244
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0726180
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt012412
IRS990/CYOtherExpensesAmt0366506
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-94017
IRS990/CYSalariesCompEmpBnftPaidAmt0466103
IRS990/CYTotalExpensesAmt0832609
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0738592
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ProgramServicesAmt075782
IRS990/DepreciationDepletionGrp/TotalAmt075782
IRS990/Desc0THE CORPORATION IS IN THE BUSINESS OF PROVIDING EDUCATIONAL PROGRAMS, TELEVISION PROGRAMMING, AND TELEVISION FACILTIES TO THE CITY OF WEYMOUTH. WEYMOUTH RESIDENTS BENEFIT BY HAVING A LOCAL ACCESS CABLE STATION. IT ALSO PROVIDES STUDENTS OF THE CITY OF WEYMOUTH, MA WITH TRAINING IN THE USE OF SUCH TELEVISION STUDIOS AND CREATION OF EDUCATIONAL PROGRAMMING.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DoingBusinessAsName/BusinessNameLine1Txt0WETC
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt06
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0800149
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt010527
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt021450
IRS990/FeesForServicesAccountingGrp/TotalAmt031977
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/PersonNm0CHRIS CASTRO
IRS990/Form990PartVIISectionAGrp/PersonNm1JOSEPH CLEARY
IRS990/Form990PartVIISectionAGrp/PersonNm2JAMES DUFFY
IRS990/Form990PartVIISectionAGrp/PersonNm3GLENN HEATH
IRS990/Form990PartVIISectionAGrp/PersonNm4CHRISTOPHER POTTER
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01996
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/OtherAmt0-3533
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0742125
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt05
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt062544
IRS990/InformationTechnologyGrp/TotalAmt062544
IRS990/InsuranceGrp/ProgramServicesAmt016848
IRS990/InsuranceGrp/TotalAmt016848
IRS990/IntangibleAssetsGrp/BOYAmt01463
IRS990/IntangibleAssetsGrp/EOYAmt0627
IRS990/InvestmentIncomeGrp/ExclusionAmt015945
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt015945
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsProgramRelatedGrp/BOYAmt0681133
IRS990/InvestmentsProgramRelatedGrp/EOYAmt0761156
IRS990/IRPDocumentCnt03
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0649618
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0304782
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0245920
IRS990/LandBldgEquipCostOrOtherBssAmt0895538
IRS990/LegalDomicileStateCd0MA
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt03533
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THE 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.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt01375318
IRS990/NetAssetsOrFundBalancesEOYAmt01278599
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-3533
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-3533
IRS990/NetUnrlzdGainsLossesInvstAmt0-109
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01375318
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01278599
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt011320
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt02346
IRS990/OccupancyGrp/ProgramServicesAmt099162
IRS990/OccupancyGrp/TotalAmt0101508
IRS990/OfficeExpensesGrp/ProgramServicesAmt035174
IRS990/OfficeExpensesGrp/TotalAmt035174
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt05212
IRS990/OtherAssetsTotalGrp/EOYAmt03425
IRS990/OtherChangesInNetAssetsAmt0-2593
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt03767
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt066145
IRS990/OtherEmployeeBenefitsGrp/TotalAmt069912
IRS990/OtherExpensesGrp/Desc0SUBCONTRACT LABOR
IRS990/OtherExpensesGrp/Desc1DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc2TAXES - OTHER
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0525
IRS990/OtherExpensesGrp/ProgramServicesAmt026770
IRS990/OtherExpensesGrp/ProgramServicesAmt1269
IRS990/OtherExpensesGrp/TotalAmt026770
IRS990/OtherExpensesGrp/TotalAmt1525
IRS990/OtherExpensesGrp/TotalAmt2269
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0268017
IRS990/OtherSalariesAndWagesGrp/TotalAmt0268017
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01152
IRS990/PayrollTaxesGrp/ProgramServicesAmt027637
IRS990/PayrollTaxesGrp/TotalAmt028789
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0373
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt07212
IRS990/PensionPlanContributionsGrp/TotalAmt07585
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt017146
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt016294
IRS990/PrincipalOfficerNm0JAMES DUFFY
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActyOtherGrp/Desc0THE CORPORATION IS IN THE BUSINESS OF PROVIDING EDUCATIONAL PROGRAMS, TELEVISION PROGRAMMING, AND TELEVISION FACILTIES TO THE CITY OF WEYMOUTH. WEYMOUTH RESIDENTS BENEFIT BY HAVING A LOCAL ACCESS CABLE STATION. IT ALSO PROVIDES STUDENTS OF THE CITY OF WEYMOUTH, MA WITH TRAINING IN THE USE OF SUCH TELEVISION STUDIOS AND CREATION OF EDUCATIONAL PROGRAMMING.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0976216
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0-12480
IRS990/PYOtherExpensesAmt0359672
IRS990/PYRevenuesLessExpensesAmt0155910
IRS990/PYSalariesCompEmpBnftPaidAmt0448154
IRS990/PYTotalExpensesAmt0807826
IRS990/PYTotalRevenueAmt0963736
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-94017
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0true
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0726180
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0976216
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01002103
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01030972
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01113087
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt04848558
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus3YearsAmt011320
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus4YearsAmt011320
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt022640
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt015945
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt019086
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt024052
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt023537
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt019417
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0102037
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.97950
IRS990ScheduleA/PublicSupportPY170Pct00.98200
IRS990ScheduleA/PublicSupportTotal170Amt04871198
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0726180
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0976216
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01002103
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01042292
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01124407
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04871198
IRS990ScheduleA/TotalSupportAmt04973235
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt077336
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0490835
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0568171
IRS990ScheduleD/ExpensesNotReportedAmt02593
IRS990ScheduleD/ExpensesSubtotalAmt0832609
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt0195383
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt1182543
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt2153520
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt3104486
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt491858
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt533366
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0CALAMOS MARKET (CVSIX)
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1SIT (SNGVX)
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2BAIRD AGGR BOND (BAGIX)
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc3BAIRD CORE PLUS BOND (BCOSX)
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc4SCHWAB US TIPS ETF (SCHP)
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc5VANGUARD INTERIM-TERM (VFITX)
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0F
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1F
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2F
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd3F
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd4F
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd5F
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0168584
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0158783
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0327367
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-109
IRS990ScheduleD/OtherExpensesIncludedAmt02593
IRS990ScheduleD/RevenueNotReportedAmt0-109
IRS990ScheduleD/RevenueSubtotalAmt0738592
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0BOOK/TAX DISPOSAL DIFFERENCE 2,593
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0245920
IRS990ScheduleD/TotalBookValueProgramRltdAmt0761156
IRS990ScheduleD/TotalExpensesPerForm990Amt0832609
IRS990ScheduleD/TotalRevenuePerForm990Amt0738592
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0738483
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0835202
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0WETC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 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/ExplanationTxt2THE CORPORATION IS IN THE BUSINESS OF PROVIDING EDUCATIONAL PROGRAMS, TELEVISION PROGRAMMING, AND TELEVISION FACILTIES TO THE CITY OF WEYMOUTH. WEYMOUTH RESIDENTS BENEFIT BY HAVING A LOCAL ACCESS CABLE STATION. IT ALSO PROVIDES STUDENTS OF THE CITY OF WEYMOUTH, MA WITH TRAINING IN THE USE OF SUCH TELEVISION STUDIOS AND CREATION OF EDUCATIONAL PROGRAMMING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOARD OF DIRECTORS REVIEWS THE RETURN BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4SALARY INCREASES ARE SUBJECT TO REVIEW FROM THE BOARD OF DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5SALARY INCREASES ARE SUBJECT TO REVIEW FROM THE BOARD OF DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6GOVERNING DOCUMENTS MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7BOOK/TAX 4797 DIFFERENCE -2,593
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, ITEM C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01421311
IRS990/TotalAssetsEOYAmt01332893
IRS990/TotalAssetsGrp/BOYAmt01421311
IRS990/TotalAssetsGrp/EOYAmt01332893
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0726180
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt032460
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0800149
IRS990/TotalFunctionalExpensesGrp/TotalAmt0832609
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt045993
IRS990/TotalLiabilitiesEOYAmt054294
IRS990/TotalLiabilitiesGrp/BOYAmt045993
IRS990/TotalLiabilitiesGrp/EOYAmt054294
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01375318
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01278599
IRS990/TotalProgramServiceExpensesAmt0800149
IRS990/TotalRevenueGrp/ExclusionAmt015945
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0-3533
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0738592
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01421311
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01332893
IRS990/TravelGrp/ProgramServicesAmt013865
IRS990/TravelGrp/TotalAmt013865
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt08 HILL ROAD
IRS990/USAddress/CityNm0HOLBROOK
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd002343
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.WEYMOUTH.TV
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JAMES DUFFY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum07813313400
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-10-19
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WEYMOUTH EDUCATIONAL
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0TELECOMMUNICATIONS CORP INC
ReturnHeader/Filer/BusinessNameControlTxt0WEYM
ReturnHeader/Filer/EIN0043318911
ReturnHeader/Filer/PhoneNum07813313400
ReturnHeader/Filer/USAddress/AddressLine1Txt0775 PLEASANT STREET STE 12
ReturnHeader/Filer/USAddress/CityNm0WEYMOUTH
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd0021892355
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0042809586
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0D J GUSTAFSON & CO CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0775 PLEASANT STREET SUITE 5
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0E WEYMOUTH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd002189
ReturnHeader/PreparerPersonGrp/PhoneNum07813318811
ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-22
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JAMES W GUSTAFSON CPA
ReturnHeader/ReturnTs02021-12-07T09:34:40-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JAMES
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0DUFFY
ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02021-06-30
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,332,893
Liabilities
$54,294
Net assets
$1,278,599
Revenue
$738,592
Expenses
$832,609
Net income
-$94,017
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.28$0.07$1.22$0.66$0.84$0.18
2024Detailed filing. Detailed filing data is available for this year.$1.48$0.10$1.38$0.86$0.84$0.02
2023Detailed filing. Detailed filing data is available for this year.$1.48$0.15$1.33$0.96$0.88$0.08
2022Detailed filing. Detailed filing data is available for this year.$1.25$0.04$1.21$0.72$0.75$0.02
2021Detailed filing. Detailed filing data is available for this year.$1.33$0.05$1.28$0.74$0.83$0.09
2020Detailed filing. Detailed filing data is available for this year.$1.42$0.05$1.38$0.96$0.81$0.16
2019Detailed filing. Detailed filing data is available for this year.$1.45$0.03$1.42$1.02$0.83$0.19
2018Detailed filing. Detailed filing data is available for this year.$1.46$0.03$1.43$1.04$0.81$0.23
2017Detailed filing. Detailed filing data is available for this year.$1.46$0.03$1.42$1.12$0.83$0.29
2016Detailed filing. Detailed filing data is available for this year.$0.42$0.00$0.42$0.72$0.79$0.07
2015Detailed filing. Detailed filing data is available for this year.$0.49$0.00$0.49$0.71$0.73$0.02
2014Detailed filing. Detailed filing data is available for this year.$0.53$0.00$0.53$0.67$0.62$0.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.49$0.00$0.49$0.66$0.60$0.06
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.43$0.00$0.43$0.61
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.42$0.00$0.42$0.64