Civic Intelligence

Sterling - Lancaster Community Television Corporation

990 • Fiscal year 2016 • EIN 32-0290823

Jul 01, 2015 to Jun 30, 2016 • Filed on Sep 02, 2016

Refreshing map…

1 Park StreetSterling, MA 01564

(978) 733-1139

Siviq Scores

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

Liabilities / Assets

37th percentile

0.01x

Higher debt load relative to assets than 37% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

42nd percentile

0.02x

Higher debt load relative to revenue than 42% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

76th percentile

17%

Higher net margin than 76% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

65th percentile

7.4%

Faster asset growth than 65% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

57th percentile

6.2%

Faster revenue growth than 57% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Assets

Up

$673,994

Up $46,614 (+7.4%) from 2015

Net Assets

Up

$668,239

Up $50,750 (+8.2%) from 2015

Liabilities

Down

$5,755

Down $4,136 (-42%) from 2015

Revenue

Up

$297,894

Up $17,363 (+6.2%) from 2015

Expenses

Up

$247,144

Up $9,535 (+4.0%) from 2015

Net Income

Up

$50,750

Up $7,828 (+18%) from 2015

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2011: $456,747Liabilities 2011: $3,717Net Assets 2011: $453,0302011Assets 2012: $515,648Liabilities 2012: $6,652Net Assets 2012: $508,9962012Assets 2013: $544,127Liabilities 2013: $7,550Net Assets 2013: $536,5772013Assets 2014: $582,573Liabilities 2014: $8,006Net Assets 2014: $574,5672014Assets 2015: $627,380Liabilities 2015: $9,891Net Assets 2015: $617,4892015Assets 2016: $673,994Liabilities 2016: $5,755Net Assets 2016: $668,2392016Assets 2017: $680,152Liabilities 2017: $6,753Net Assets 2017: $673,3992017Assets 2018: $670,125Liabilities 2018: $9,497Net Assets 2018: $660,6282018Assets 2019: $771,200Liabilities 2019: $7,113Net Assets 2019: $764,0872019Assets 2020: $756,471Liabilities 2020: $8,228Net Assets 2020: $748,2432020Assets 2021: $808,251Liabilities 2021: $8,981Net Assets 2021: $799,2702021Assets 2022: $869,759Liabilities 2022: $58,138Net Assets 2022: $811,6212022Assets 2023: $893,375Liabilities 2023: $52,717Net Assets 2023: $840,6582023Assets 2024: $888,202Liabilities 2024: $36,626Net Assets 2024: $851,5762024Assets 2025: $875,391Liabilities 2025: $25,568Net Assets 2025: $849,8232025

Highlighted filing

2016

Assets$673,994
Liabilities$5,755
Net Assets$668,239

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2011: $73,7622011Expenses 2012: $191,0102012Expenses 2013: $229,2422013Revenue 2014: $270,876Expenses 2014: $232,885Net Income 2014: $37,9912014Revenue 2015: $280,531Expenses 2015: $237,609Net Income 2015: $42,9222015Revenue 2016: $297,894Expenses 2016: $247,144Net Income 2016: $50,7502016Revenue 2017: $319,232Expenses 2017: $314,072Net Income 2017: $5,1602017Revenue 2018: $313,437Expenses 2018: $326,208Net Income 2018: -$12,7712018Revenue 2019: $454,410Expenses 2019: $350,338Net Income 2019: $104,0722019Revenue 2020: $330,575Expenses 2020: $340,894Net Income 2020: -$10,3192020Revenue 2021: $316,430Expenses 2021: $295,403Net Income 2021: $21,0272021Revenue 2022: $324,122Expenses 2022: $294,074Net Income 2022: $30,0482022Revenue 2023: $331,889Expenses 2023: $310,536Net Income 2023: $21,3532023Revenue 2024: $302,522Expenses 2024: $302,077Net Income 2024: $4452024Revenue 2025: $288,376Expenses 2025: $302,927Net Income 2025: -$14,5512025

Highlighted filing

2016

Revenue$297,894
Expenses$247,144
Net Income$50,750
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Sep 2, 2016
Return Version
2015v2.1
Gross Receipts
$297,894
Mission and Program Overview

Mission

To provide equipment, training, and channel time to the members of the sterling-lancaster community for the purposes of building community, empowering the individual and ensuring first amendment expression through the utilization of television technology.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$101,425$305,338▲ $203,913
Land, Buildings, and Equipment, Net$50,533$197,024▲ $146,491
Cash and Non-Interest-Bearing Accounts$367,277$86,214▼ $281,063
Accounts Receivable$71,364$76,928▲ $5,564
Prepaid Expenses and Deferred Charges$3,563$5,721▲ $2,158
Intangible Assets$3,218$2,019▼ $1,199
Total Assets$627,380$673,994▲ $46,614
Other Assets Total$30,000$750▼ $29,250
Liabilities
Accounts Payable and Accrued Expenses$3,798$3,635▼ $163
Other Liabilities$6,093$2,120▼ $3,973
Total Liabilities$9,891$5,755▼ $4,136
Net Assets / Fund Balance
Unrestricted Net Assets$617,489$668,239▲ $50,750
Total Net Assets Fund Balance$617,489$668,239▲ $50,750
Total Liabilities and Net Assets / Fund Balance$627,380$673,994▲ $46,614

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$150,518$199,466$349,984
Leasehold Improvements$44,275$281$44,556
Other Land Buildings$2,231$36$2,267
Compensation and Service Providers

Board Members and Trustees

NameTitle
Robert KadlecPresident
Denise HurleyDirector
Edwin FurmanDirector
Gregory BillingsDirector
Joseph GuntherDirector
Richard MakiDirector
Tom KennedyDirector
Debra WilliamsClerk
John LedouxTreasurer
Robert BloomVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$296,178
Program Service Revenue
$0
Investment Income
$1,083
Other Revenue
$633
All Other Contributions
$20
Change in Net Assets
$50,750
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$150,972
Other Expenses$96,172
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$97,245$24,311-$121,556
Depreciation Depletion$35,718$101-$35,819
Other Employee Benefits$15,771$3,943-$19,714
Fees for Services Other$9,476$7,795-$17,271
Occupancy$8,234$2,058-$10,292
Payroll Taxes$7,762$1,940-$9,702
Insurance$6,431$1,608-$8,039
Fees for Services Accounting-$3,219-$3,219
Advertising-$2,072-$2,072
Conferences and Meetings-$1,706-$1,706
Office Expenses$1,006$251-$1,257
Travel$721$180-$901
Fees for Services Legal-$600-$600
Information Technology$160$40-$200
Other Expenses$51$13-$64
Total Functional Expenses$197,307$49,837$0$247,144
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Payroll$1,965
Accrued Payroll Taxes$155
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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

Governance Explanations

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

President reviews 990 prior to filing.

Form 990, Page 6, Part VI, Line 19

UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
Sterling-lancaster Community
EIN
32-0290823
Phone
9787331139
Address
1 PARK STREET, STERLING, MA 01564

Signing Officer

Name
Robert Kadlec
Title
President
Phone
9784220514
Signed
2016-09-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert Kadlec
Formed
2009
Legal Domicile
Ma
Voting Board Members
10
Independent Board Members
10
Employees
13
Volunteers
5

Preparer

Firm
Mark S Mueller CPA
Address
1205 CENTRAL STREET, LEOMINSTER, MA 01453-5903
Preparer
Mark S Mueller CPA
Phone
9787518040
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To provide equipment, training, and channel time to the members of the sterling-lancaster community for the purposes of building community, empowering the individual and ensuring first amendment expression through the utilization of television technology.

Financial Statement Notes

Schedule D, Page 3, Part X

On january 1, 2009, the organization adopted the provisions of fasb asc- 740-10, accounting for uncertainty in income taxes. Fasb asc-740-10 requires that a tax position be recognized or derecognized based on a 'more-likely-than-not threshold. This applies to positions taken or expected to be taken in a tax return. The implementation of fasb asc-740- 10 had no impact on the organization's statement of financial position or statement of activities. The organization does not believe its financial statements include (or reflect) any uncertain tax positions.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ON JANUARY 1, 2009, THE ORGANIZATION ADOPTED THE PROVISIONS OF FASB ASC- 740-10, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. FASB ASC-740-10 REQUIRES THAT A TAX POSITION BE RECOGNIZED OR DERECOGNIZED BASED ON A 'MORE-LIKELY-THAN-NOT THRESHOLD. THIS APPLIES TO POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE IMPLEMENTATION OF FASB ASC-740- 10 HAD NO IMPACT ON THE ORGANIZATION'S STATEMENT OF FINANCIAL POSITION OR STATEMENT OF ACTIVITIES. THE ORGANIZATION DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE (OR REFLECT) ANY UNCERTAIN TAX POSITIONS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO PROVIDE EQUIPMENT, TRAINING, AND CHANNEL TIME TO THE MEMBERS OF THE STERLING-LANCASTER COMMUNITY FOR THE PURPOSES OF BUILDING COMMUNITY, EMPOWERING THE INDIVIDUAL AND ENSURING FIRST AMENDMENT EXPRESSION THROUGH THE UTILIZATION OF TELEVISION TECHNOLOGY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PRESIDENT REVIEWS 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ROBERT KADLEC
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
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ReturnHeader/BusinessOfficerGrp/SignatureDt02016-09-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0STERLING-LANCASTER COMMUNITY
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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.75$0.26$8.50$2.88$3.03$0.15
2024Detailed filing. Detailed filing data is available for this year.$8.88$0.37$8.52$3.03$3.02$0.00
2023Detailed filing. Detailed filing data is available for this year.$8.93$0.53$8.41$3.32$3.11$0.21
2022Detailed filing. Detailed filing data is available for this year.$8.70$0.58$8.12$3.24$2.94$0.30
2021Detailed filing. Detailed filing data is available for this year.$8.08$0.09$7.99$3.16$2.95$0.21
2020Detailed filing. Detailed filing data is available for this year.$7.56$0.08$7.48$3.31$3.41$0.10
2019Detailed filing. Detailed filing data is available for this year.$7.71$0.07$7.64$4.54$3.50$1.04
2018Detailed filing. Detailed filing data is available for this year.$6.70$0.09$6.61$3.13$3.26$0.13
2017Detailed filing. Detailed filing data is available for this year.$6.80$0.07$6.73$3.19$3.14$0.05
2016Detailed filing. Detailed filing data is available for this year.$6.74$0.06$6.68$2.98$2.47$0.51
2015Detailed filing. Detailed filing data is available for this year.$6.27$0.10$6.17$2.81$2.38$0.43
2014Detailed filing. Detailed filing data is available for this year.$5.83$0.08$5.75$2.71$2.33$0.38
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.44$0.08$5.37$2.29
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.16$0.07$5.09$1.91
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.57$0.04$4.53$0.74