Civic Intelligence

Peabody Access Telecommunications Inc.

990 • Fiscal year 2020 • EIN 57-1229677

Jan 01, 2020 to Dec 31, 2020 • Filed on May 11, 2021

119 Foster Street Building 13Peabody, MA 01960

(978) 977-0570

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.19x

Higher debt load relative to assets than 62% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

79th percentile

0.58x

Higher debt load relative to revenue than 79% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

79th percentile

27%

Higher net margin than 79% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

63rd percentile

$86,284

Higher top officer pay than 63% of similar nonprofits.

Top officer pay equals 7.6% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

82nd percentile

38%

Faster asset growth than 82% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

58th percentile

5.1%

Faster revenue growth than 58% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$3,428,565

Up $946,671 (+38%) from 2019

Net Assets

Up

$2,765,219

Up $310,136 (+13%) from 2019

Liabilities

Up

$663,346

Up $636,535 (+2374%) from 2019

Revenue

Up

$1,136,521

Up $55,534 (+5.1%) from 2019

Expenses

Down

$826,385

Down $100,628 (-11%) from 2019

Net Income

Up

$310,136

Up $156,162 (+101%) from 2019

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $1,569,916Liabilities 2010: $4,217Net Assets 2010: $1,565,6992010Assets 2011: $1,563,254Liabilities 2011: $6,107Net Assets 2011: $1,557,1472011Assets 2012: $1,509,877Liabilities 2012: $11,949Net Assets 2012: $1,497,9282012Assets 2013: $1,506,291Liabilities 2013: $2,283Net Assets 2013: $1,504,0082013Assets 2014: $1,589,719Liabilities 2014: $45,976Net Assets 2014: $1,543,7432014Assets 2015: $1,635,577Liabilities 2015: $55,403Net Assets 2015: $1,580,1742015Assets 2016: $1,743,628Liabilities 2016: $43,703Net Assets 2016: $1,699,9252016Assets 2017: $2,131,033Liabilities 2017: $33,566Net Assets 2017: $2,097,4672017Assets 2018: $2,344,560Liabilities 2018: $43,451Net Assets 2018: $2,301,1092018Assets 2019: $2,481,894Liabilities 2019: $26,811Net Assets 2019: $2,455,0832019Assets 2020: $3,428,565Liabilities 2020: $663,346Net Assets 2020: $2,765,2192020Assets 2021: $2,923,321Liabilities 2021: $646,884Net Assets 2021: $2,276,4372021Assets 2022: $3,365,157Liabilities 2022: $684,145Net Assets 2022: $2,681,0122022Assets 2023: $3,621,421Liabilities 2023: $613,127Net Assets 2023: $3,008,2942023Assets 2024: $3,654,753Liabilities 2024: $601,931Net Assets 2024: $3,052,8222024

Highlighted filing

2020

Assets$3,428,565
Liabilities$663,346
Net Assets$2,765,219

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $531,5202010Expenses 2011: $543,3102011Expenses 2012: $614,3932012Revenue 2013: $575,508Expenses 2013: $569,428Net Income 2013: $6,0802013Revenue 2014: $593,500Expenses 2014: $553,765Net Income 2014: $39,7352014Revenue 2015: $667,485Expenses 2015: $631,054Net Income 2015: $36,4312015Revenue 2016: $784,780Expenses 2016: $665,029Net Income 2016: $119,7512016Revenue 2017: $1,140,299Expenses 2017: $742,757Net Income 2017: $397,5422017Revenue 2018: $1,093,035Expenses 2018: $889,393Net Income 2018: $203,6422018Revenue 2019: $1,080,987Expenses 2019: $927,013Net Income 2019: $153,9742019Revenue 2020: $1,136,521Expenses 2020: $826,385Net Income 2020: $310,1362020Revenue 2021: $371,287Expenses 2021: $860,069Net Income 2021: -$488,7822021Revenue 2022: $1,340,138Expenses 2022: $935,563Net Income 2022: $404,5752022Revenue 2023: $1,238,022Expenses 2023: $910,740Net Income 2023: $327,2822023Revenue 2024: $1,091,155Expenses 2024: $1,046,627Net Income 2024: $44,5282024

Highlighted filing

2020

Revenue$1,136,521
Expenses$826,385
Net Income$310,136
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 11, 2021
Return Version
2020v4.0
Gross Receipts
$1,136,521
Mission and Program Overview

Mission

To provide non-commercial public, educational, and government access programming.

To stimulate cultural and artistic expressions through the use of video and electronic media;

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,021,588$1,756,018▲ $734,430
Cash and Non-Interest-Bearing Accounts$1,083,954$1,032,802▼ $51,152
Savings and Temporary Cash Investments$107,529$365,109▲ $257,580
Accounts Receivable$243,273$236,505▼ $6,768
Prepaid Expenses and Deferred Charges$20,017$32,598▲ $12,581
Total Assets$2,481,894$3,428,565▲ $946,671
Other Assets Total$5,533$5,533→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property-$639,200-
Accounts Payable and Accrued Expenses$26,811$24,146▼ $2,665
Total Liabilities$26,811$663,346▲ $636,535
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,455,083$2,765,219▲ $310,136
Total Net Assets Fund Balance$2,455,083$2,765,219▲ $310,136
Total Liabilities and Net Assets / Fund Balance$2,481,894$3,428,565▲ $946,671

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,553,225$946,812$2,500,037
Land$202,793-$202,793
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Camille BartlettExecutive DiFT$79,132$7,152$86,284

Board Members and Trustees

NameTitle
Timothy SpanosChairman
Deanne HealeyDirector
James a MorinDirector
Lou CersosimoDirector
Robert ChampagneDirector
Matthew MolkClerk
John J McginnTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,119,843
Program Service Revenue
$13,490
Investment Income
$3,188
Other Revenue
$0
All Other Contributions
$95,645
Change in Net Assets
$310,136

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,136,521
Total Revenue per Audited Statements
$1,136,521
Total Revenue per Form 990
$1,136,521
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$433,620
Other Expenses$392,765
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$191,518$97,045-$288,563
Depreciation Depletion$115,712$16,408-$132,120
Occupancy$74,089$44,022-$118,111
Current Officers, Directors, Trustees, and Key Employees$44,859$44,859-$89,718
Payroll Taxes$20,161$11,979-$32,140
Fees for Services Other$9,390$22,367-$31,757
Other Employee Benefits$17,039$6,160-$23,199
Fees for Services Accounting-$11,750-$11,750
All Other Expenses$9,016$530-$9,546
Other Expenses$4,383$2,604-$6,987
Insurance-$6,640-$6,640
Advertising-$3,678-$3,678
Conferences and Meetings$2,130$467-$2,597
Office Expenses$241$602-$843
Total Functional Expenses$541,236$285,149$0$826,385

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$826,385
Total Expenses per Audited Statements$826,385
Total Expenses per Form 990$826,385
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
Backup withholding compliance
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
Yes
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

Copies are mailed to board members in advance of the board meeting at which it will be reviewed by all members.

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

The organization has a conflict of interest policy that requires each director, principal officer and member of a committee with governing board delegated powers to annually sign a statement that affirms such person: has received a copy of the conflicts of interest policy; has read and understands the policy; has agreed to comply with the policy; and understands the exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes.

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

Compensation of the top management of peabody access telecommunications is approved by the board of directors.

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

Compensation of other employees is detailed in the yearly budget which is approved by the board of directors.

Form 990, Page 6, Part VI, Line 19

These items are available upon request

Filing and Contact Details

Filer

Filer Name
Peabody Access Telecommunications
EIN
57-1229677
Phone
9789770570
Address
119 FOSTER STREET BUILDING 13, PEABODY, MA 01960

Signing Officer

Name
John J Mcginn
Title
Treasurer
Phone
9789770570
Signed
2021-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Timothy Spanos
Formed
2006
Legal Domicile
Ma
Voting Board Members
7
Independent Board Members
7
Employees
25
Volunteers
100

Preparer

Firm
Anstiss & Co Pc
Address
1115 WESTFORD STREET 3RD FLOOR, LOWELL, MA 01851-2701
Preparer
Jayne a Andrews
Phone
9784522500
Supplemental Narrative

Additional Explanations

Form 990

Description of organizations mission: to provide a secure forum that will allow the diverse populations of peabody an avenue to explore the free and open exchange of ideas; a catalyst to experience today's technology and all that the future will bring to peabody.

Financial Statement Notes

Schedule D, Page 3, Part X

The organization, incorporated under chapter 180 of the massachusetts general laws as a tax exempt entity, has been granted tax-exempt status under internal revenue code (irc) section 501(c)(3) and is classified as other than a private foundation as defined by section 509(a) of the irc. Therefore, it is generally exempt from federal and state income taxes. Accordingly, no provision for income taxes has been provided for in the accompanying financial statements. The organization is required by asc 740-10, "accounting for uncertainty in income taxes", to evaluate and disclose tax positions that could have an effect on the organization's financial statements. The organization reports its activities to the internal revenue service and to the commonwealth of massachusetts on an annual basis. These informational returns are generally subject to audit and review by the governmental agencies for a period of three years after filing. Management believes it is no longer subject to review by taxing authorities for periods prior to 2018. Substantially all of the organization's income, expenditures, and activities relate to its exempt purpose. Therefore, management has determined that the organization is not subject to unrelated business income taxes and will continue to qualify as a tax-exempt not-for-profit entity.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION, INCORPORATED UNDER CHAPTER 180 OF THE MASSACHUSETTS GENERAL LAWS AS A TAX EXEMPT ENTITY, HAS BEEN GRANTED TAX-EXEMPT STATUS UNDER INTERNAL REVENUE CODE (IRC) SECTION 501(C)(3) AND IS CLASSIFIED AS OTHER THAN A PRIVATE FOUNDATION AS DEFINED BY SECTION 509(A) OF THE IRC. THEREFORE, IT IS GENERALLY EXEMPT FROM FEDERAL AND STATE INCOME TAXES. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN PROVIDED FOR IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE ORGANIZATION IS REQUIRED BY ASC 740-10, "ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES", TO EVALUATE AND DISCLOSE TAX POSITIONS THAT COULD HAVE AN EFFECT ON THE ORGANIZATION'S FINANCIAL STATEMENTS. THE ORGANIZATION REPORTS ITS ACTIVITIES TO THE INTERNAL REVENUE SERVICE AND TO THE COMMONWEALTH OF MASSACHUSETTS ON AN ANNUAL BASIS. THESE INFORMATIONAL RETURNS ARE GENERALLY SUBJECT TO AUDIT AND REVIEW BY THE GOVERNMENTAL AGENCIES FOR A PERIOD OF THREE YEARS AFTER FILING. MANAGEMENT BELIEVES IT IS NO LONGER SUBJECT TO REVIEW BY TAXING AUTHORITIES FOR PERIODS PRIOR TO 2018. SUBSTANTIALLY ALL OF THE ORGANIZATION'S INCOME, EXPENDITURES, AND ACTIVITIES RELATE TO ITS EXEMPT PURPOSE. THEREFORE, MANAGEMENT HAS DETERMINED THAT THE ORGANIZATION IS NOT SUBJECT TO UNRELATED BUSINESS INCOME TAXES AND WILL CONTINUE TO QUALIFY AS A TAX-EXEMPT NOT-FOR-PROFIT ENTITY.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION OF ORGANIZATIONS MISSION: TO PROVIDE A SECURE FORUM THAT WILL ALLOW THE DIVERSE POPULATIONS OF PEABODY AN AVENUE TO EXPLORE THE FREE AND OPEN EXCHANGE OF IDEAS; A CATALYST TO EXPERIENCE TODAY'S TECHNOLOGY AND ALL THAT THE FUTURE WILL BRING TO PEABODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1COPIES ARE MAILED TO BOARD MEMBERS IN ADVANCE OF THE BOARD MEETING AT WHICH IT WILL BE REVIEWED BY ALL MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY THAT REQUIRES EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS TO ANNUALLY SIGN A STATEMENT THAT AFFIRMS SUCH PERSON: HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY; HAS READ AND UNDERSTANDS THE POLICY; HAS AGREED TO COMPLY WITH THE POLICY; AND UNDERSTANDS THE EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPENSATION OF THE TOP MANAGEMENT OF PEABODY ACCESS TELECOMMUNICATIONS IS APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COMPENSATION OF OTHER EMPLOYEES IS DETAILED IN THE YEARLY BUDGET WHICH IS APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THESE ITEMS ARE AVAILABLE UPON REQUEST
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.65$0.60$3.05$1.09$1.05$0.04
2023Detailed filing. Detailed filing data is available for this year.$3.62$0.61$3.01$1.24$0.91$0.33
2022Detailed filing. Detailed filing data is available for this year.$3.37$0.68$2.68$1.34$0.94$0.40
2021Detailed filing. Detailed filing data is available for this year.$2.92$0.65$2.28$0.37$0.86$0.49
2020Detailed filing. Detailed filing data is available for this year.$3.43$0.66$2.77$1.14$0.83$0.31
2019Detailed filing. Detailed filing data is available for this year.$2.48$0.03$2.46$1.08$0.93$0.15
2018Detailed filing. Detailed filing data is available for this year.$2.34$0.04$2.30$1.09$0.89$0.20
2017Detailed filing. Detailed filing data is available for this year.$2.13$0.03$2.10$1.14$0.74$0.40
2016Detailed filing. Detailed filing data is available for this year.$1.74$0.04$1.70$0.78$0.67$0.12
2015Detailed filing. Detailed filing data is available for this year.$1.64$0.06$1.58$0.67$0.63$0.04
2014Detailed filing. Detailed filing data is available for this year.$1.59$0.05$1.54$0.59$0.55$0.04
2013Detailed filing. Detailed filing data is available for this year.$1.51$0.00$1.50$0.58$0.57$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.51$0.01$1.50$0.61
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.56$0.01$1.56$0.54
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.57$0.00$1.57$0.53