Civic Intelligence

Norcam Inc.

990 • Fiscal year 2019 • EIN 87-0813246

Jan 01, 2019 to Dec 31, 2019 • Filed on Jun 29, 2021

21 Bow StreetNorth Reading, MA 01864

(978) 664-0501

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.17x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

79th percentile

0.49x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

81st percentile

25%

Higher net margin than 81% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

87th percentile

34%

Faster asset growth than 87% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

67th percentile

13%

Faster revenue growth than 67% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$1,157,463

Up $296,460 (+34%) from 2018

Net Assets

Up

$958,364

Up $102,841 (+12%) from 2018

Liabilities

Up

$199,099

Up $193,619 (+3533%) from 2018

Revenue

Up

$408,753

Up $46,399 (+13%) from 2018

Expenses

Up

$305,912

Up $3,859 (+1.3%) from 2018

Net Income

Up

$102,841

Up $42,540 (+71%) from 2018

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2010: $519,031Liabilities 2010: $2,396Net Assets 2010: $516,6352010Assets 2011: $570,463Liabilities 2011: $4,525Net Assets 2011: $565,9382011Assets 2012: $583,570Liabilities 2012: $3,418Net Assets 2012: $580,1522012Assets 2013: $633,463Liabilities 2013: $4,407Net Assets 2013: $629,0562013Assets 2014: $673,430Liabilities 2014: $4,262Net Assets 2014: $669,1682014Assets 2015: $693,163Liabilities 2015: $4,558Net Assets 2015: $688,6052015Assets 2016: $703,264Liabilities 2016: $4,531Net Assets 2016: $698,7332016Assets 2017: $799,895Liabilities 2017: $4,673Net Assets 2017: $795,2222017Assets 2018: $861,003Liabilities 2018: $5,480Net Assets 2018: $855,5232018Assets 2019: $1,157,463Liabilities 2019: $199,099Net Assets 2019: $958,3642019Assets 2020: $1,218,932Liabilities 2020: $161,971Net Assets 2020: $1,056,9612020Assets 2021: $1,255,836Liabilities 2021: $117,827Net Assets 2021: $1,138,0092021Assets 2022: $1,271,423Liabilities 2022: $80,440Net Assets 2022: $1,190,9832022Assets 2023: $1,278,930Liabilities 2023: $66,426Net Assets 2023: $1,212,5042023Assets 2024: $1,273,862Liabilities 2024: $41,760Net Assets 2024: $1,232,1022024

Highlighted filing

2019

Assets$1,157,463
Liabilities$199,099
Net Assets$958,364

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2010: $139,2982010Expenses 2011: $197,4862011Expenses 2012: $243,6152012Revenue 2013: $274,578Expenses 2013: $225,674Net Income 2013: $48,9042013Revenue 2014: $289,624Expenses 2014: $249,512Net Income 2014: $40,1122014Revenue 2015: $303,223Expenses 2015: $283,786Net Income 2015: $19,4372015Revenue 2016: $308,630Expenses 2016: $298,502Net Income 2016: $10,1282016Revenue 2017: $318,214Expenses 2017: $299,625Net Income 2017: $18,5892017Revenue 2018: $362,354Expenses 2018: $302,053Net Income 2018: $60,3012018Revenue 2019: $408,753Expenses 2019: $305,912Net Income 2019: $102,8412019Revenue 2020: $391,053Expenses 2020: $292,456Net Income 2020: $98,5972020Revenue 2021: $378,920Expenses 2021: $297,872Net Income 2021: $81,0482021Revenue 2022: $378,043Expenses 2022: $325,069Net Income 2022: $52,9742022Revenue 2023: $360,049Expenses 2023: $338,528Net Income 2023: $21,5212023Revenue 2024: $339,280Expenses 2024: $344,682Net Income 2024: -$5,4022024

Highlighted filing

2019

Revenue$408,753
Expenses$305,912
Net Income$102,841
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jun 29, 2021
Return Version
2019v5.2
Gross Receipts
$408,753
Mission and Program Overview

Mission

Operate public access television for the town of north reading

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$392,004$494,456▲ $102,452
Savings and Temporary Cash Investments$300,137$300,167▲ $30
Accounts Receivable$108,318$121,368▲ $13,050
Land, Buildings, and Equipment, Net$58,095$28,259▼ $29,836
Prepaid Expenses and Deferred Charges-$15,764-
Total Assets$1,096,003$1,157,463▲ $61,460
Other Assets Total$237,449$197,449▼ $40,000
Liabilities
Deferred Revenue$235,000$195,000▼ $40,000
Accounts Payable and Accrued Expenses$5,480$4,099▼ $1,381
Total Liabilities$240,480$199,099▼ $41,381
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$815,523$878,364▲ $62,841
Net Assets With Donor Restrictions$40,000$80,000▲ $40,000
Total Net Assets Fund Balance$855,523$958,364▲ $102,841
Total Liabilities and Net Assets / Fund Balance$1,096,003$1,157,463▲ $61,460

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$26,968$302,961$329,929
Leasehold Improvements$1,291$61,971$63,262
Other Land Buildings$0$4,081$4,081
Other Assets Org$195,000--
Compensation and Service Providers

Board Members and Trustees

NameTitle
John FirrielloPresident
David DoucetteDirector
Martin DickmanDirector
Michael ScannellDirector
William EamesDirector
Agatha MaranoSecretary
Jean ShapleighTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$408,723
Investment Income
$30
Other Revenue
$0
Change in Net Assets
$102,841
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$216,946
Other Expenses$88,966
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$106,657--$106,657
Current Officers, Directors, Trustees, and Key Employees$58,689$14,672-$73,361
Depreciation Depletion$29,563$273-$29,836
Other Employee Benefits$18,230$4,557-$22,787
Occupancy$18,120$2,013-$20,133
Payroll Taxes$12,988$1,153-$14,141
Insurance$7,912$1,978-$9,890
Fees for Services Other$3,968$352-$4,320
Fees for Services Accounting-$4,063-$4,063
Office Expenses$1,552$1,436-$2,988
Advertising$346$345-$691
Other Expenses$471$118-$589
All Other Expenses-$268-$268
Travel$142$35-$177
Total Functional Expenses$273,004$32,908$0$305,912
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
Yes
Annual disclosure for covered persons
Yes
Audit committee
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
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 B, Line 11B

The financial statement report is reviewed by the organization's board of directors in a public session with the cpa who prepared the statements. The directors then vote to accept the financial statement report as presented and delegate the review and acceptance of all tax filings to the treasurer. The treasurer reviews all tax filings, asks questions and once the review is completed all tax filings are accepted and filed with the appropriate govermental entity.

Form 990, Part VI, Section B, Line 12C

The organization requires its members to disclose any conflicts of interest annually and also upon discussion of an issue which may involve a conflict. If a member has a conflict of interest that member is required to recluse themselves.

Form 990, Part VI, Section B, Line 15A

The organization on an annual basis reviews the compensation of the executive director. It uses outside comparable data plus its available resources to determine the compensation.

Form 990, Part VI, Section C, Line 18

The organization makes all documents available to the public upon request.

Form 990, Part VI, Section C, Line 19

The organization makes all documents available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Norcam Inc
EIN
87-0813246
Phone
9786640501
Address
21 BOW STREET, NORTH READING, MA 01864

Signing Officer

Name
Robert Carbone
Title
Executive Director
Phone
9786440501
Signed
2021-06-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Firriello
Formed
2008
Legal Domicile
Ma
Voting Board Members
7
Independent Board Members
7
Employees
4
Volunteers
0

Preparer

Firm
GREENE RUBIN MILLER AND PACINO CPA'S
Address
1340 SOLDIERS FIELD ROAD, BOSTON, MA 02135
Preparer
Peter Anderson
Phone
6172544422
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0748
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0891
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0408663
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0362325
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0318164
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0310108
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0302097
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01701357
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt030
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt030
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt030
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt053
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0748
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0891
IRS990ScheduleA/InvestmentIncomeCYPct00.00050
IRS990ScheduleA/InvestmentIncomePYPct00.00130
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt01896
IRS990ScheduleA/OtherIncome509Grp/TotalAmt01896
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99840
IRS990ScheduleA/PublicSupportPY509Pct00.99750
IRS990ScheduleA/PublicSupportTotal509Amt01701877
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0408723
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0362325
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0318184
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0310358
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0302287
IRS990ScheduleA/Total509Grp/TotalAmt01701877
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0408753
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0362355
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0318214
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0310411
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0304931
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01704664
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt026968
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0302961
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0329929
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01291
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt061971
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt063262
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01250
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11199
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2195000
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0SECURITY DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1EXPENSE REFUND
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2CAPITAL SUPPORT RECEIVABLE
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt04081
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt04081
IRS990ScheduleD/TotalBookValueLandBuildingsAmt028259
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0197449
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FINANCIAL STATEMENT REPORT IS REVIEWED BY THE ORGANIZATION'S BOARD OF DIRECTORS IN A PUBLIC SESSION WITH THE CPA WHO PREPARED THE STATEMENTS. THE DIRECTORS THEN VOTE TO ACCEPT THE FINANCIAL STATEMENT REPORT AS PRESENTED AND DELEGATE THE REVIEW AND ACCEPTANCE OF ALL TAX FILINGS TO THE TREASURER. THE TREASURER REVIEWS ALL TAX FILINGS, ASKS QUESTIONS AND ONCE THE REVIEW IS COMPLETED ALL TAX FILINGS ARE ACCEPTED AND FILED WITH THE APPROPRIATE GOVERMENTAL ENTITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION REQUIRES ITS MEMBERS TO DISCLOSE ANY CONFLICTS OF INTEREST ANNUALLY AND ALSO UPON DISCUSSION OF AN ISSUE WHICH MAY INVOLVE A CONFLICT. IF A MEMBER HAS A CONFLICT OF INTEREST THAT MEMBER IS REQUIRED TO RECLUSE THEMSELVES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION ON AN ANNUAL BASIS REVIEWS THE COMPENSATION OF THE EXECUTIVE DIRECTOR. IT USES OUTSIDE COMPARABLE DATA PLUS ITS AVAILABLE RESOURCES TO DETERMINE THE COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ALL DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ALL DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01096003
IRS990/TotalAssetsEOYAmt01157463
IRS990/TotalAssetsGrp/BOYAmt01096003
IRS990/TotalAssetsGrp/EOYAmt01157463
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt032908
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0273004
IRS990/TotalFunctionalExpensesGrp/TotalAmt0305912
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0240480
IRS990/TotalLiabilitiesEOYAmt0199099
IRS990/TotalLiabilitiesGrp/BOYAmt0240480
IRS990/TotalLiabilitiesGrp/EOYAmt0199099
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0855523
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0958364
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0273004
IRS990/TotalProgramServiceRevenueAmt0408723
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt030
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0408723
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0408753
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01096003
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01157463
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt035
IRS990/TravelGrp/ProgramServicesAmt0142
IRS990/TravelGrp/TotalAmt0177
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt021 BOW STREET
IRS990/USAddress/CityNm0NORTH READING
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd001864
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0NORCAM.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ROBERT CARBONE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum09786440501
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-06-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NORCAM INC

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.27$0.04$1.23$0.34$0.34$0.01
2023Detailed filing. Detailed filing data is available for this year.$1.28$0.07$1.21$0.36$0.34$0.02
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.27$0.08$1.19$0.38$0.33$0.05
2021Detailed filing. Detailed filing data is available for this year.$1.26$0.12$1.14$0.38$0.30$0.08
2020Detailed filing. Detailed filing data is available for this year.$1.22$0.16$1.06$0.39$0.29$0.10
2019Detailed filing. Detailed filing data is available for this year.$1.16$0.20$0.96$0.41$0.31$0.10
2018Detailed filing. Detailed filing data is available for this year.$0.86$0.01$0.86$0.36$0.30$0.06
2017Detailed filing. Detailed filing data is available for this year.$0.80$0.00$0.80$0.32$0.30$0.02
2016Detailed filing. Detailed filing data is available for this year.$0.70$0.00$0.70$0.31$0.30$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.69$0.00$0.69$0.30$0.28$0.02
2014Detailed filing. Detailed filing data is available for this year.$0.67$0.00$0.67$0.29$0.25$0.04
2013Detailed filing. Detailed filing data is available for this year.$0.63$0.00$0.63$0.27$0.23$0.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.58$0.00$0.58$0.24
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.57$0.00$0.57$0.20
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.52$0.00$0.52$0.14