Microtek INC EIN 04-2775290 Form 990 (PDF) Claim this org

Microtek INC FY2021 filing

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Offers long-term jobs to people with disabilities, increasing their wages, independence, and opportunities. For fiscal year 2021 it reported $1.5M in revenue, $897K in expenses, and $2.4M in net assets.Pt I

Type
Public charity (501(c)(3)) · Employment
Location
Chicopee, MA
Website
www.microtek-cables.com
Filings
6 on file (2020–2021)
Revenue
$1.5MFY2021
Expenses
$897K
Net assets
$2.4M
People
11
Filings
6
Updates
0
More identity details & actions ⌄
EIN  04-2775290 Public charity (501(c)(3)) Chicopee, MA
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Offers long-term jobs to people with disabilities, increasing their wages, independence, and opportunities.
Leadership
Philip D'Entremont · CEO · $138K
Money in and out
$1.5M revenue, $897K expenses
Bottom line
45% program efficiency
Where the money goes · FY2021
Total revenue
$1.5M
Pt VIII · Ln 12
Total expenses
$897K
Pt IX · Ln 25
Net assets
$2.4M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $606K
Where spending went · Part IX cols B–D
Program services $0.45 Management & general $0.55
Program efficiency
45%
of spending reaches programs
Operating runway
4.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
+40%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$1.5M
FY2021▲ +152%
Expenses
$897K
FY2021▼ -15%
Total assets
$5.1M
FY2021▲ +2%
Total liabilities
$2.7M
FY2021▼ -16%
Total revenue
$1.5M
Pt VIII · Ln 12
Total expenses
$897K
Pt IX · Ln 25
Net assets
$2.4M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$606K
Total assetsPt X · Ln 16$5.1M
Program-expense ratioPt IX · col B45%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMicrotek INC
EINHdr · item D04-2775290
Principal addressHdr · item CChicopee, MA
WebsiteHdr · item Jwww.microtek-cables.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEmployment (J330)
Ruling yearIRS BMFAug 1983

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b8
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 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$137,588Pt VII · Sec A
General Manager
$112,116Pt VII · Sec A
Vice President
$101,923Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Philip D'Entremont’s $152K as CEO is at the 95th percentile of top reported officer pay among 1212 $100K–1M employment nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Philip D'Entremont$151,625$151,250$150,509$168,595$137,588$171,351
Jeff Casey$112,116
Jeffrey Mazzetta$101,923

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

1 program service account for $399K of program spending, described in the organization's own filed words · FY2020.
01

To provide long-term employment to individuals with mental, physical and intellectual disabilities. This employment results in increased wages, integration, independence and lifestyle opportunities for those employees.

$399Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$842K · 56%
Other revenue$603K · 40%
Program service revenue$58K · 4%
Contributions & grants56%$842K
Other revenue40%$603K
Program service revenue4%$58K
Total revenueLn 12$1.5M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.45 Management & general $0.55
Program services45%$399K
Management & general55%$498K
Total functional expensesLn 25$897K

Balance Sheet

Part X · end of year
CashLn 1$361K
Total assetsLn 16$5.1M
Total liabilitiesLn 26$2.7M
Total net assetsLn 32$2.4M
Months of cash on handcomputed4.8

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $361K · Operating expenses/yr $897K
4.8 months
Where the money goes
Program services
Program services $399K · Total expenses $897K
45%
Management & General
Management & general $498K · Total expenses $897K
55%
Fundraising
Fundraising $0 · Total expenses $897K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $421K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $842K · Total revenue $1.5M
56%
Government reliance
Government grants — · Total revenue $1.5M
Earned-income share
Program service revenue $58K · Total revenue $1.5M
4%
Investment reliance
Investment income $-40K · Total revenue $1.5M
-3%
Program self-sufficiency
Program service revenue $58K · Total expenses $897K
6%
Growth & trend
Revenue growth (YoY)
This year $1.5M · Prior year $595K
+152%
Net-asset trend (YoY)
End of year $2.4M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.5M · Expenses $897K
+40%
Liabilities-to-Assets
Total liabilities — · Total assets $5.1M
Net-asset ratio
Net assets $2.4M · Total assets $5.1M
47%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $5.1M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Philip D'Entremont · Reported title CEO · Highest reported compensation $138K · Total expenses $897K
15%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $638K · Total expenses $897K
71%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 45%
Overhead ratio 55%
Fundraising cost ratio 0%
Revenue growth 152%
Legal fee ratio 1%
Accounting fee ratio 2%

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
FY2025 (Latest)$989K revenue · ⤓ 990 PDF
FY2024$1.4M revenue · ⤓ 990 PDF
FY2023$1.5M revenue · ⤓ 990 PDF
FY2022$2.4M revenue · ⤓ 990 PDF
FY2021$1.5M revenue · viewing · ⤓ 990 PDF
FY2020$595K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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