Mpeg Access INC EIN 01-0870422

Mpeg Access INC FY2023 filing

EIN  01-0870422 Public charity (501(c)(3)) Milton, MA
Form 990 (PDF)
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Size
$100K–1M
What they do
Provides community television services and programs for Milton residents.
Leadership
Anna Varghese · Director
Money in and out
$477K revenue, $618K expenses
Bottom line
59% program efficiency

Provides community television services and programs for Milton residents. For fiscal year 2023 it reported $477K in revenue, $618K in expenses, and $546K in net assets.Pt I

Where the money goes · FY2023
Total revenue
$477K
Pt VIII · Ln 12
Total expenses
$618K
Pt IX · Ln 25
Net assets
$546K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$141K
Where spending went · Part IX cols B–D
Program services $0.59 Management & general $0.41
Program efficiency
59%
of spending reaches programs
Operating runway
6.2mo
months of highly liquid reserves at operating expense rate
Surplus margin
-30%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$477K
FY2023▼ -19%
Expenses
$618K
FY2023▼ -10%
Total assets
$570K
FY2023▼ -20%
Total liabilities
$24K
FY2023▼ -2%
Total revenue
$477K
Pt VIII · Ln 12
Total expenses
$618K
Pt IX · Ln 25
Net assets
$546K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$141K
Total assetsPt X · Ln 16$570K
Program-expense ratioPt IX · col B59%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46
Mission & Programs · Part III

Where the work happens

1 program service account for $368K of program spending, described in the organization's own filed words · FY2023.
01

Provide local programming for seniors, youth and all segments of the Town of Milton, MA. Coverage of various town board meetings is a priority, in order to cultivate an informed population. Such programming needs are not met by any other broadcaster.

$368Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMpeg Access INC
EINHdr · item D01-0870422
Principal addressHdr · item CMilton, MA
WebsiteHdr · item Jwww.miltonaccesstv.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A320)
Ruling yearIRS BMFJun 2007

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President and Clerk
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Program service revenue$472K · 99%
Investment income$5K · 1%
Program service revenue99%$472K
Investment income1%$5K
Total revenueLn 12$477K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.59 Management & general $0.41
Program services59%$368K
Management & general41%$250K
Total functional expensesLn 25$618K

Balance Sheet

Part X · end of year
CashLn 1$319K
Total assetsLn 16$570K
Total liabilitiesLn 26$24K
Total net assetsLn 32$546K
Months of cash on handcomputed6.2

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $319K · Operating expenses/yr $618K
6.2 months
Where the money goes
Program services
Program services $368K · Total expenses $618K
59%
Management & General
Management & general $250K · Total expenses $618K
41%
Fundraising
Fundraising $0 · Total expenses $618K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $477K
0%
Government reliance
Government grants — · Total revenue $477K
Earned-income share
Program service revenue $472K · Total revenue $477K
99%
Investment reliance
Investment income $5K · Total revenue $477K
+1%
Program self-sufficiency
Program service revenue $472K · Total expenses $618K
76%
Growth & trend
Revenue growth (YoY)
This year $477K · Prior year $589K
-19%
Net-asset trend (YoY)
End of year $546K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $477K · Expenses $618K
-30%
Liabilities-to-Assets
Total liabilities — · Total assets $570K
Net-asset ratio
Net assets $546K · Total assets $570K
96%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $570K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Anna Varghese · Reported title Director · Highest reported compensation $0 · Total expenses $618K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $364K · Total expenses $618K
59%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 59%
Overhead ratio 41%
Revenue growth -19%
Accounting fee ratio 3%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$495K revenue · ⤓ 990 PDF
FY2023$477K revenue · viewing · ⤓ 990 PDF
FY2022$589K revenue · ⤓ 990 PDF
FY2021$568K revenue · ⤓ 990 PDF
FY2020$485K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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