Foxboro Cable Access INC EIN 04-2819084

Foxboro Cable Access INC FY2022 filing

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Empowering citizens, government, and schools to communicate through media and share ideas. For fiscal year 2022 it reported $473K in revenue, $496K in expenses, and $1.9M in net assets.Pt I

Type
Public charity (501(c)(3)) · Arts & Culture
Location
Foxboro, MA
Website
www.fcatv.org
Filings
5 on file (2020–2022)
Revenue
$473KFY2022
Expenses
$496K
Net assets
$1.9M
People
10
Filings
5
Updates
0
More identity details & actions ⌄
EIN  04-2819084 Public charity (501(c)(3)) Foxboro, MA
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Empowering citizens, government, and schools to communicate through media and share ideas.
Leadership
Michael Webber · Executive Di · $118K
Money in and out
$473K revenue, $496K expenses
Bottom line
57% program efficiency
Where the money goes · FY2022
Total revenue
$473K
Pt VIII · Ln 12
Total expenses
$496K
Pt IX · Ln 25
Net assets
$1.9M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$22K
Where spending went · Part IX cols B–D
Program services $0.57 Management & general $0.43
Program efficiency
57%
of spending reaches programs
Operating runway
13.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
-5%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$473K
FY2022▲ +1%
Expenses
$496K
FY2022▲ +12%
Total assets
$1.9M
FY2022▼ -2%
Total liabilities
$17K
FY2022▼ -2%
Total revenue
$473K
Pt VIII · Ln 12
Total expenses
$496K
Pt IX · Ln 25
Net assets
$1.9M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$22K
Total assetsPt X · Ln 16$1.9M
Program-expense ratioPt IX · col B57%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48
Mission & Programs · Part III

Where the work happens

1 program service account for $283K of program spending, described in the organization's own filed words · FY2022.
01

To provide programs of interest to town citizens. To provide facilities and technical training for residents, who wish to produce programs of local interest. To upgrade the use of video in academic and other school activities.

$283Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CFoxboro Cable Access INC
EINHdr · item D04-2819084
Principal addressHdr · item CFoxboro, MA
WebsiteHdr · item Jwww.fcatv.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A32Z)
Ruling yearIRS BMFOct 1990

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 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Di
$117,741Pt VII · Sec A
President
$5,675Pt VII · Sec A
$500Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Michael Webber’s $134K as Executive Di is at the 97th percentile of top reported officer pay among 2212 $100K–1M arts & culture 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 · 5 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Michael Webber$133,852$115,534$117,741$126,806$121,328
Paul R Beck$1,243$5,675$4,950$1,800
Paul Beck$4,675
Rick Plasmati$500$500
Timothy Zerrip$200

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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Statement of Revenue

Part VIII
Program service revenue$464K · 98%
Investment income$9K · 2%
Program service revenue98%$464K
Investment income2%$9K
Other revenue$5
Total revenueLn 12$473K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.57 Management & general $0.43
Program services57%$283K
Management & general43%$212K
Total functional expensesLn 25$496K

Balance Sheet

Part X · end of year
CashLn 1$405K
Total assetsLn 16$1.9M
Total liabilitiesLn 26$17K
Total net assetsLn 32$1.9M
Months of cash on handcomputed9.8

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $554K · Operating expenses/yr $496K
13.4 months
Where the money goes
Program services
Program services $283K · Total expenses $496K
57%
Management & General
Management & general $212K · Total expenses $496K
43%
Fundraising
Fundraising $0 · Total expenses $496K
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 $473K
0%
Government reliance
Government grants — · Total revenue $473K
Earned-income share
Program service revenue $464K · Total revenue $473K
98%
Investment reliance
Investment income $9K · Total revenue $473K
+2%
Program self-sufficiency
Program service revenue $464K · Total expenses $496K
94%
Growth & trend
Revenue growth (YoY)
This year $473K · Prior year $467K
+1%
Net-asset trend (YoY)
End of year $1.9M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $473K · Expenses $496K
-5%
Liabilities-to-Assets
Total liabilities — · Total assets $1.9M
Net-asset ratio
Net assets $1.9M · Total assets $1.9M
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $149K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.9M
8%
People & payroll
Highest Reported Total Compensation
Individual Michael Webber · Reported title EXECUTIVE DI · Highest reported compensation $118K · Total expenses $496K
24%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $264K · Total expenses $496K
53%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 57%
Overhead ratio 43%
Revenue growth 1%
Investment management fee ratio 0.06%
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.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$35

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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)$506K revenue · ⤓ 990 PDF
FY2023$507K revenue · ⤓ 990 PDF
FY2022$473K revenue · viewing · ⤓ 990 PDF
FY2021$467K revenue · ⤓ 990 PDF
FY2020$478K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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