Civic Intelligence

Falmouthnet Inc.

990EZ • Fiscal year 2022 • EIN 85-3578183

Jan 01, 2022 to Dec 31, 2022 • Filed on Apr 03, 2023

43 Sippewissett RoadFalmouth, MA 02540

(508) 457-8802

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

22nd percentile

-15%

Higher net margin than 22% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

11th percentile

-44%

Faster asset growth than 11% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

78th percentile

67%

Faster revenue growth than 78% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Down

$27,867

Down $22,159 (-44%) from 2021

Net Assets

Down

$27,867

Down $22,159 (-44%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue

Up

$151,517

Up $60,917 (+67%) from 2021

Expenses

Up

$173,676

Up $129,652 (+295%) from 2021

Net Income

Down

-$22,159

Down $68,735 (-148%) from 2021

Historical Trend

Balance Sheet Trend

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

$60K$40K$20K$0Assets 2021: $50,026Liabilities 2021: $0Net Assets 2021: $50,0262021Assets 2022: $27,867Liabilities 2022: $0Net Assets 2022: $27,8672022Assets 2023: $24,892Liabilities 2023: $0Net Assets 2023: $24,8922023Assets 2024: $22,497Liabilities 2024: $0Net Assets 2024: $22,4972024

Highlighted filing

2022

Assets$27,867
Liabilities$0
Net Assets$27,867

Operations Trend

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

$200K$150K$100K$50K$0-$50KRevenue 2021: $90,600Expenses 2021: $44,024Net Income 2021: $46,5762021Revenue 2022: $151,517Expenses 2022: $173,676Net Income 2022: -$22,1592022Revenue 2023: $1,340Expenses 2023: $4,315Net Income 2023: -$2,9752023Revenue 2024: $26,602Expenses 2024: $28,997Net Income 2024: -$2,3952024

Highlighted filing

2022

Revenue$151,517
Expenses$173,676
Net Income-$22,159
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Apr 3, 2023
Return Version
2022v5.0
Gross Receipts
$151,517
Mission and Program Overview

Mission

To bring a municipally controlled high speed fiber utility to the Town of Falmouth MA

To build a community bases fibre optic network in falmouth, ma

Program Services

DescriptionGrantsExpenses
TO BUILD A COMMUNITY FIBRE OPTIC NETWORK IN FALMOUTH, MA$0$173,676
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
ARTHUR S GAYLORDDirectorPT$0--
DANIEL A GESSENDirectorPT$0--
JASON CULLINANEDirectorPT$0--
MARY HARRISDirectorPT$0--
COURTNEY F BIRD JRPresident Treas & DirectorPT$0--
MARILOIS L SNOWMANClerk And DirectorPT$0--
ED SWARTZDirectorPT$0--
Filing and Contact Details

Filer

Filer Name
Falmouthnet Inc
EIN
85-3578183
Phone
5084578802
Address
43 SIPPEWISSETT ROAD, FALMOUTH, MA 02540

Signing Officer

Name
Courtney F Bird
Title
Pres and Treas
Phone
5084578882
Signed
2023-04-03
Discuss with paid preparer
Yes

Preparer

Firm
Richard B Donahue CPA Pc
Address
45 BRISTOL DRIVE, SOUTH EASTON, MA 02375
Preparer
Richard B Donahue CPA
Phone
5082303600
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 16 - Other Expenses

Description: MARKETING. Amount: 23426. Description: OTHER EXPENSE. Amount: 292. Description: INSURANCE. Amount: 4762. Description: ENGINEERING DESIGN. Amount: 142683. Total to Form 990-EZ, line 16: 171163.

Raw XML Appendix172 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.

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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0FALMOUTH
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd002540
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5MARILOIS L SNOWMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6ED SWARTZ
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4PRESIDENT TREAS & DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5CLERK AND DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6DIRECTOR
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherChangesInNetAssetsAmt00
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IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 16 - Other Expenses
TransferPrsnlBnftContractsDecl/DeclarationDesc0The organization did not, during the year, receive any funds, directly,or indirectly, to pay premiums on a personal benefit contract.The organization, did not, during the year, pay any premiums, directly,or indirectly, on a personal benefit contract.
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0COURTNEY F BIRD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRES AND TREAS
ReturnHeader/BusinessOfficerGrp/PhoneNum05084578882
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-04-03
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ReturnHeader/Filer/EIN0853578183
ReturnHeader/Filer/PhoneNum05084578802
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0202254115
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt045 BRISTOL DRIVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SOUTH EASTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd002375
ReturnHeader/PreparerPersonGrp/PhoneNum05082303600
ReturnHeader/PreparerPersonGrp/PreparationDt02023-04-03
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RICHARD B DONAHUE CPA
ReturnHeader/ReturnTs02023-04-06T08:07:22-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0COURTNEY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0BIRD
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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Filings