Civic Intelligence

Longmont Cable Trust Inc

990 • Fiscal year 2016 • EIN 84-6177035

Mar 01, 2015 to Feb 29, 2016 • Filed on Aug 25, 2016

457 4th AveLongmont, CO 80501-5507

(303) 776-1424

Siviq Scores

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

Liabilities / Assets

34th percentile

0.01x

Higher debt load relative to assets than 34% of similar nonprofits.

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

Liabilities / Revenue

40th percentile

0.02x

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

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

Net Margin

69th percentile

12%

Higher net margin than 69% of similar nonprofits.

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

Top Officer Pay

76th percentile

$69,320

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 19.6% of source-year revenue.

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

Asset Growth

52nd percentile

2.4%

Faster asset growth than 52% of similar nonprofits.

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

Revenue Growth

86th percentile

46%

Faster revenue growth than 86% of similar nonprofits.

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

Assets

Up

$913,165

Up $21,515 (+2.4%) from 2015

Net Assets

Up

$907,698

Up $21,355 (+2.4%) from 2015

Liabilities

Up

$5,467

Up $160 (+3.0%) from 2015

Revenue

Up

$354,013

Up $111,023 (+46%) from 2015

Expenses

Up

$311,281

Up $3,809 (+1.2%) from 2015

Net Income

Up

$42,732

Up $107,214 (+166%) 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 2012: $763,986Liabilities 2012: $6,762Net Assets 2012: $757,2242012Assets 2013: $847,980Liabilities 2013: $4,318Net Assets 2013: $843,6622013Assets 2014: $976,042Liabilities 2014: $4,140Net Assets 2014: $971,9022014Assets 2015: $891,650Liabilities 2015: $5,307Net Assets 2015: $886,3432015Assets 2016: $913,165Liabilities 2016: $5,467Net Assets 2016: $907,6982016Assets 2017: $925,615Liabilities 2017: $6,591Net Assets 2017: $919,0242017Assets 2018: $860,340Liabilities 2018: $6,733Net Assets 2018: $853,6072018Assets 2019: $858,551Liabilities 2019: $2,223Net Assets 2019: $856,3282019Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020

Highlighted filing

2016

Assets$913,165
Liabilities$5,467
Net Assets$907,698

Operations Trend

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

$1.0M$500K$0-$500K-$1.0MRevenue 2012: $194,836Expenses 2012: $346,719Net Income 2012: -$151,8832012Expenses 2013: $279,5022013Revenue 2014: $439,252Expenses 2014: $311,012Net Income 2014: $128,2402014Revenue 2015: $242,990Expenses 2015: $307,472Net Income 2015: -$64,4822015Revenue 2016: $354,013Expenses 2016: $311,281Net Income 2016: $42,7322016Revenue 2017: $350,170Expenses 2017: $319,958Net Income 2017: $30,2122017Revenue 2018: $299,625Expenses 2018: $332,658Net Income 2018: -$33,0332018Revenue 2019: $363,602Expenses 2019: $334,464Net Income 2019: $29,1382019Revenue 2020: $93,991Expenses 2020: $950,319Net Income 2020: -$856,3282020

Highlighted filing

2016

Revenue$354,013
Expenses$311,281
Net Income$42,732
Jump To
Filing Snapshot
Filing Period
Mar 1, 2015 to Feb 29, 2016
Signed
Aug 25, 2016
Return Version
2015v2.1
Gross Receipts
$354,013
Mission and Program Overview

Mission

Educate the citizens of longmont by using cable tv.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$727,264$761,921▲ $34,657
Rtn Earn Endowment Incm Other Fnds$739,089$760,444▲ $21,355
Cap Stk Tr Prin Current Funds$147,254$147,254→ $0
Land, Buildings, and Equipment, Net$150,172$137,737▼ $12,435
Prepaid Expenses and Deferred Charges$7,593$7,569▼ $24
Cash and Non-Interest-Bearing Accounts$6,336$5,626▼ $710
Inventories for Sale or Use$285$312▲ $27
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Total Assets$891,650$913,165▲ $21,515
Liabilities
Accounts Payable and Accrued Expenses$5,307$5,467▲ $160
Total Liabilities$5,307$5,467▲ $160
Net Assets / Fund Balance
Total Net Assets Fund Balance$886,343$907,698▲ $21,355
Total Liabilities and Net Assets / Fund Balance$891,650$913,165▲ $21,515

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$120,484$547,741-
Leasehold Improvements$17,253$5,613-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Tim ChaffinGeneral ManagerFT$69,320$69,320

Board Members and Trustees

NameTitle
Marshall AllenChairman
Charlie FellenbaumVice Chairman
Bonnie FinleyDirector
Jim WallDirector
Joan PeckDirector
John AhrensDirector
Jon E LehmannDirector
Matthew WigginsDirector
Phil HuffDirector
Rigo LealDirector
George BaskosSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$133,799
Program Service Revenue
$218,621
Investment Income
$1,593
Other Revenue
$0
All Other Contributions
$133,499
Change in Net Assets
$42,732
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$164,574
Other Expenses$146,707
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$82,923--$82,923
Current Officers, Directors, Trustees, and Key Employees$55,591--$55,591
Depreciation Depletion$22,075--$22,075
Other Employee Benefits$15,366--$15,366
Payroll Taxes$10,694--$10,694
Insurance$8,386--$8,386
All Other Expenses$6,830$-1-$6,829
Office Expenses$6,559--$6,559
Fees for Services Accounting-$2,559-$2,559
Advertising$2,399--$2,399
Travel$2,221--$2,221
Other Expenses$1,833--$1,833
Total Functional Expenses$308,723$2,558$0$311,281
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
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 7A

Board vacancies are posted by the City Clerk. Candidates are voted on by the board.

Form 990, Part VI, Section B, line 11

990 is reviewed by the board prior to filing.

Form 990, Part VI, Section C, line 19

The organizations documents are available by request.

Filing and Contact Details

Filer

Filer Name
Longmont Cable Trust Inc
EIN
84-6177035
Phone
3037761424
Address
457 4th Ave, Longmont, CO 80501-5507

Signing Officer

Name
Tim Chaffin
Title
General Manager
Phone
3037761424
Signed
2016-08-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tim Chaffin
Formed
1985
Legal Domicile
Co
Voting Board Members
11
Independent Board Members
11
Employees
11
Volunteers
7

Preparer

Firm
Clausen & Associates CPAs PC
Address
916 S Main St Ste 202, Longmont, CO 80501
Preparer
Barbara Clausen CPA
Phone
3036785392
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

Book/Tax Depreciation Difference -21,377.

Raw XML AppendixShowing 400 of 410 raw XML fields

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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt01811
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01802
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt03441
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt010181
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.98670
IRS990ScheduleA/PublicSupportPY170Pct00.98630
IRS990ScheduleA/PublicSupportTotal170Amt0753467
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0133799
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0137963
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0136478
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0205899
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0139328
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0753467
IRS990ScheduleA/TotalSupportAmt0763648
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/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt0120484
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0547741
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0668225
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt017253
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt05613
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt022866
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0137737
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Board vacancies are posted by the City Clerk. Candidates are voted on by the board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1990 is reviewed by the board prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The organizations documents are available by request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Book/Tax Depreciation Difference -21,377.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part XI, line 9:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0891650
IRS990/TotalAssetsEOYAmt0913165
IRS990/TotalAssetsGrp/BOYAmt0891650
IRS990/TotalAssetsGrp/EOYAmt0913165
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0133799
IRS990/TotalEmployeeCnt011
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt02558
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0308723
IRS990/TotalFunctionalExpensesGrp/TotalAmt0311281
IRS990/TotalGrossUBIAmt01621
IRS990/TotalLiabilitiesBOYAmt05307
IRS990/TotalLiabilitiesEOYAmt05467
IRS990/TotalLiabilitiesGrp/BOYAmt05307
IRS990/TotalLiabilitiesGrp/EOYAmt05467
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0886343
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0907698
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt084748
IRS990/TotalOtherProgSrvcRevenueAmt01621
IRS990/TotalProgramServiceExpensesAmt0308723
IRS990/TotalProgramServiceRevenueAmt0218621
IRS990/TotalReportableCompFromOrgAmt069320
IRS990/TotalRevenueGrp/ExclusionAmt01593
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0217000
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0354013
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt01621
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0891650
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0913165
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt02221
IRS990/TravelGrp/TotalAmt02221
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd01
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WebsiteAddressTxt0www.longmontchannel.com
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02016-12-15 16:53:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Tim Chaffin
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0General Manager
ReturnHeader/BusinessOfficerGrp/PhoneNum03037761424
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-08-25
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Longmont Cable Trust Inc
ReturnHeader/Filer/BusinessNameControlTxt0LONG
ReturnHeader/Filer/EIN0846177035
ReturnHeader/Filer/PhoneNum03037761424
ReturnHeader/Filer/USAddress/AddressLine1Txt0457 4th Ave
ReturnHeader/Filer/USAddress/CityNm0Longmont
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CO
ReturnHeader/Filer/USAddress/ZIPCd0805015507
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0201461086
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Clausen & Associates CPAs PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0916 S Main St Ste 202

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