Civic Intelligence

Massachusetts Broadcaster Association Inc

990 • Fiscal year 2018 • EIN 23-7312139

Jan 01, 2018 to Dec 31, 2018 • Filed on Aug 12, 2019

509 Red Barn RoadDalton, MA 01226

(800) 471-1875

Siviq Scores

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

Liabilities / Assets

40th percentile

0.03x

Higher debt load relative to assets than 40% of similar nonprofits.

2018 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

38th percentile

0.02x

Higher debt load relative to revenue than 38% of similar nonprofits.

2018 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2018

Net Margin

97th percentile

48%

Higher net margin than 97% of similar nonprofits.

2018 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

43rd percentile

$10,000

Higher top officer pay than 43% of similar nonprofits.

Top officer pay equals 1.7% of source-year revenue.

2018 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2018

Asset Growth

99th percentile

175%

Faster asset growth than 99% of similar nonprofits.

2018 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

99th percentile

237%

Faster revenue growth than 99% of similar nonprofits.

2018 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Assets

Up

$441,275

Up $280,660 (+175%) from 2017

Net Assets

Up

$429,823

Up $275,003 (+178%) from 2017

Liabilities

Up

$11,452

Up $5,657 (+98%) from 2017

Revenue

Up

$578,802

Up $407,201 (+237%) from 2017

Expenses

Up

$303,799

Up $90,525 (+42%) from 2017

Net Income

Up

$275,003

Up $316,676 (+760%) from 2017

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2014: $752,991Liabilities 2014: $15,289Net Assets 2014: $737,7022014Assets 2015: $445,355Liabilities 2015: $16,602Net Assets 2015: $428,7532015Assets 2016: $201,488Liabilities 2016: $4,995Net Assets 2016: $196,4932016Assets 2017: $160,615Liabilities 2017: $5,795Net Assets 2017: $154,8202017Assets 2018: $441,275Liabilities 2018: $11,452Net Assets 2018: $429,8232018Assets 2019: $784,810Liabilities 2019: $51,930Net Assets 2019: $732,8802019Assets 2020: $1,069,460Liabilities 2020: $8,683Net Assets 2020: $1,060,7772020Assets 2021: $1,403,237Liabilities 2021: $21,579Net Assets 2021: $1,381,6582021Assets 2022: $1,638,187Liabilities 2022: $21,116Net Assets 2022: $1,617,0712022Assets 2023: $1,670,590Liabilities 2023: $16,873Net Assets 2023: $1,653,7172023Assets 2024: $1,560,323Liabilities 2024: $19,213Net Assets 2024: $1,541,1102024

Highlighted filing

2018

Assets$441,275
Liabilities$11,452
Net Assets$429,823

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2014: $509,980Expenses 2014: $444,566Net Income 2014: $65,4142014Revenue 2015: $44,911Expenses 2015: $353,860Net Income 2015: -$308,9492015Revenue 2016: $66,044Expenses 2016: $298,304Net Income 2016: -$232,2602016Revenue 2017: $171,601Expenses 2017: $213,274Net Income 2017: -$41,6732017Revenue 2018: $578,802Expenses 2018: $303,799Net Income 2018: $275,0032018Revenue 2019: $653,166Expenses 2019: $350,109Net Income 2019: $303,0572019Revenue 2020: $660,743Expenses 2020: $332,846Net Income 2020: $327,8972020Revenue 2021: $642,545Expenses 2021: $321,664Net Income 2021: $320,8812021Revenue 2022: $681,676Expenses 2022: $446,263Net Income 2022: $235,4132022Revenue 2023: $489,499Expenses 2023: $452,853Net Income 2023: $36,6462023Revenue 2024: $317,728Expenses 2024: $430,335Net Income 2024: -$112,6072024

Highlighted filing

2018

Revenue$578,802
Expenses$303,799
Net Income$275,003
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Aug 12, 2019
Return Version
2018v3.1
Gross Receipts
$578,802
Mission and Program Overview

Mission

The organization's purpose is to promote cooperation and understanding among its members and to foster practices in the best interest of the general public and the broadcasting industry.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$87,659$330,135▲ $242,476
Accounts Receivable$57,913$75,027▲ $17,114
Cash and Non-Interest-Bearing Accounts$7,887$35,157▲ $27,270
Prepaid Expenses and Deferred Charges$7,156$956▼ $6,200
Total Assets$160,615$441,275▲ $280,660
Liabilities
Accounts Payable and Accrued Expenses$4,395$10,402▲ $6,007
Deferred Revenue$1,400$1,050▼ $350
Total Liabilities$5,795$11,452▲ $5,657
Net Assets / Fund Balance
Unrestricted Net Assets$154,820$429,823▲ $275,003
Total Net Assets Fund Balance$154,820$429,823▲ $275,003
Total Liabilities and Net Assets / Fund Balance$160,615$441,275▲ $280,660
Compensation and Service Providers

Employees

NameTitleBaseTotal
Merril LefermanTreasurer$10,000$10,000

Board Members and Trustees

NameTitle
Carl StrubeChairman
Mary MennaVice Chair R
Mark LundVice Chairma
Ed PerryDirector
Joe FlynnDirector
John HessleinDirector
Tom McauliffeDirector
William FineDirector
Phil WeinerAssociate Di
Craig SwimmSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$577,533
Investment Income
$1,269
Other Revenue
$0
Change in Net Assets
$275,003

Audited Revenue Reconciliation

Revenue per Audited Statements
$578,802
Total Revenue per Audited Statements
$578,802
Total Revenue per Form 990
$578,802
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$261,184
Grants and Similar Amounts Paid$32,615
Salaries, Compensation, and Employee Benefits$10,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management-$65,000-$65,000
Fees for Services Lobbying$60,000--$60,000
Grants to Domestic Individuals$32,615--$32,615
All Other Expenses$20,011$1,770-$21,781
Travel$15,529--$15,529
Current Officers, Directors, Trustees, and Key Employees-$10,000-$10,000
Conferences and Meetings$9,000--$9,000
Fees for Services Legal$8,405--$8,405
Office Expenses-$7,995-$7,995
Other Expenses$6,646--$6,646
Fees for Services Accounting-$4,300-$4,300
Total Functional Expenses$214,734$89,065$0$303,799

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$303,799
Total Expenses per Audited Statements$303,799
Total Expenses per Form 990$303,799
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
In-house lobbying only
No
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

The association has neither employees nor an office. Accordingly, the association has engaged a subcontractor to serve aa a partime executive director.

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

A copy of the association's tax return is provided to the board of directors for review and approval prior to the return's filing.

Form 990, Page 6, Part VI, Line 12C

Treasurer reviews all cash disbursements to insure the absence of any conflicts of interest regarding association's expenditures.

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

The board of directors reviews and approves the management fee paid jordan walton for his services.

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

The board of directors approves the treasurer's compensation. The treasurer is the only officer/director to receive direct compensation. The treasurer's compensation of 10,000 is based upon the estimated hours required to perform treasurer and bookkeeping services.

Form 990, Page 6, Part VI, Line 19

The board of directors makes the governing documents and financial statements available to its membership and to the general public through its annual meeting, at conventions and in response to general requests.

Filing and Contact Details

Filer

Filer Name
Massachusetts Broadcaster
EIN
23-7312139
Phone
8004711875
Address
509 RED BARN ROAD, DALTON, MA 01226

Signing Officer

Name
Merril Leferman
Title
Treasurer
Phone
8004711875
Signed
2019-08-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carl Strube
Formed
1995
Legal Domicile
Ma
Voting Board Members
11
Independent Board Members
11
Employees
0

Preparer

Firm
Seelye & Schulz Pa CPA
Address
451 AMHERST ST STE 204, NASHUA, NH 03063-1200
Preparer
Paul E Seelye CPA
Phone
6038861900
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The organization's purpose is to promote cooperation and understanding among its members and to foster practices in the best interest of the general public and the broadcasting industry.

Financial Statement Notes

Schedule D, Page 3, Part X

The association's income tax filings are subject to audit by various taxing authorities. The association's open audit periods are 2015 through 2018. The association believes it has met all the requirements to maintain its not-for-profit status and does not have any unrelated business income which would result in taxable income. It is the association's policy to expense when paid any interest and penalties associated with its income tax obligations.

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IRS990/SavingsAndTempCashInvstGrp/EOYAmt0330135
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleC/AgreeCarryoverPriorYearInd0false
IRS990ScheduleC/OnlyInHouseLobbyingInd0false
IRS990ScheduleC/SubstantiallyAllDuesNondedInd0true
IRS990ScheduleD/ExpensesSubtotalAmt0303799
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueSubtotalAmt0578802
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ASSOCIATION'S INCOME TAX FILINGS ARE SUBJECT TO AUDIT BY VARIOUS TAXING AUTHORITIES. THE ASSOCIATION'S OPEN AUDIT PERIODS ARE 2015 THROUGH 2018. THE ASSOCIATION BELIEVES IT HAS MET ALL THE REQUIREMENTS TO MAINTAIN ITS NOT-FOR-PROFIT STATUS AND DOES NOT HAVE ANY UNRELATED BUSINESS INCOME WHICH WOULD RESULT IN TAXABLE INCOME. IT IS THE ASSOCIATION'S POLICY TO EXPENSE WHEN PAID ANY INTEREST AND PENALTIES ASSOCIATED WITH ITS INCOME TAX OBLIGATIONS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalExpensesPerForm990Amt0303799
IRS990ScheduleD/TotalRevenuePerForm990Amt0578802
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0578802
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0303799
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt032615
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt022
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S PURPOSE IS TO PROMOTE COOPERATION AND UNDERSTANDING AMONG ITS MEMBERS AND TO FOSTER PRACTICES IN THE BEST INTEREST OF THE GENERAL PUBLIC AND THE BROADCASTING INDUSTRY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ASSOCIATION HAS NEITHER EMPLOYEES NOR AN OFFICE. ACCORDINGLY, THE ASSOCIATION HAS ENGAGED A SUBCONTRACTOR TO SERVE AA A PARTIME EXECUTIVE DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A COPY OF THE ASSOCIATION'S TAX RETURN IS PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL PRIOR TO THE RETURN'S FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3TREASURER REVIEWS ALL CASH DISBURSEMENTS TO INSURE THE ABSENCE OF ANY CONFLICTS OF INTEREST REGARDING ASSOCIATION'S EXPENDITURES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD OF DIRECTORS REVIEWS AND APPROVES THE MANAGEMENT FEE PAID JORDAN WALTON FOR HIS SERVICES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE BOARD OF DIRECTORS APPROVES THE TREASURER'S COMPENSATION. THE TREASURER IS THE ONLY OFFICER/DIRECTOR TO RECEIVE DIRECT COMPENSATION. THE TREASURER'S COMPENSATION OF 10,000 IS BASED UPON THE ESTIMATED HOURS REQUIRED TO PERFORM TREASURER AND BOOKKEEPING SERVICES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE BOARD OF DIRECTORS MAKES THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO ITS MEMBERSHIP AND TO THE GENERAL PUBLIC THROUGH ITS ANNUAL MEETING, AT CONVENTIONS AND IN RESPONSE TO GENERAL REQUESTS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
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
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0true
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0160615
IRS990/TotalAssetsEOYAmt0441275
IRS990/TotalAssetsGrp/BOYAmt0160615
IRS990/TotalAssetsGrp/EOYAmt0441275
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt089065
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0214734
IRS990/TotalFunctionalExpensesGrp/TotalAmt0303799
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt05795
IRS990/TotalLiabilitiesEOYAmt011452
IRS990/TotalLiabilitiesGrp/BOYAmt05795
IRS990/TotalLiabilitiesGrp/EOYAmt011452
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0154820
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0429823
IRS990/TotalProgramServiceRevenueAmt0577533
IRS990/TotalReportableCompFromOrgAmt010000
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0578802
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0578802
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0160615
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0441275
IRS990/TravelGrp/ProgramServicesAmt015529
IRS990/TravelGrp/TotalAmt015529
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0154820
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0429823
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WebsiteAddressTxt0WWW.MASSBROADCASTERS.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MERRIL LEFERMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum08004711875
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-08-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MASSACHUSETTS BROADCASTER
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0ASSOCIATION INC
ReturnHeader/Filer/BusinessNameControlTxt0MASS
ReturnHeader/Filer/EIN0237312139
ReturnHeader/Filer/PhoneNum08004711875
ReturnHeader/Filer/USAddress/AddressLine1Txt0509 RED BARN ROAD
ReturnHeader/Filer/USAddress/CityNm0DALTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd001226
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0F571F5FCEBB3E07190439C9C3ACF63FE46C29481
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0C93FF158B21F0FB3EBF40418457EBD8514D8BA33
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt075.147.5.193
ReturnHeader/FilingSecurityInformation/IPDt02019-08-20
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm014:04:58
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0020413305
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SEELYE & SCHULZ PA CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0451 AMHERST ST STE 204
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NASHUA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0030631200
ReturnHeader/PreparerPersonGrp/PhoneNum06038861900
ReturnHeader/PreparerPersonGrp/PreparationDt02019-08-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PAUL E SEELYE CPA
ReturnHeader/ReturnTs02019-08-20T14:04:58-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

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