Seekonk Cable Access INC EIN 04-2951972 Form 990 (PDF) Claim this org

Seekonk Cable Access INC

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Empowering Seekonk residents to create and share original TV programming. For fiscal year 2024 it reported $83K in revenue, $250K in expenses, and $1.1M in net assets.Pt I

Type
Public charity (501(c)(3)) · Arts & Culture
Location
Seekonk, MA
Website
www.tv9seekonk.com
Filings
5 on file (2020–2024)
Revenue
$83KFY2024
Expenses
$250K
Net assets
$1.1M
People
5
Filings
5
Updates
0
More identity details & actions ⌄
EIN  04-2951972 Public charity (501(c)(3)) Seekonk, MA
Form 990 (PDF)
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Size
<$100K
What they do
Empowering Seekonk residents to create and share original TV programming.
Leadership
Andrea Rosseter · President
Money in and out
$83K revenue, $250K expenses
Bottom line
89% program efficiency
Where the money goes · FY2024
Total revenue
$83K
Pt VIII · Ln 12
Total expenses
$250K
Pt IX · Ln 25
Net assets
$1.1M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$167K
Where spending went · Part IX cols B–D
Program services $0.89 Management & general $0.11
Program efficiency
89%
of spending reaches programs▲ +0.9% vs prior filing year
Operating runway
21.8mo
months of highly liquid reserves at operating expense rate▼ -29% vs prior filing year
Surplus margin
-201%
revenue over expenses, this year▼ -898% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$83K
FY2024▼ -71%
Expenses
$250K
FY2024▲ +15%
Total assets
$1.1M
FY2024▼ -12%
Total liabilities
$1K
FY20240%
Total revenue
$83K
Pt VIII · Ln 12
Total expenses
$250K
Pt IX · Ln 25
Net assets
$1.1M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$167K
Total assetsPt X · Ln 16$1.1M
Program-expense ratioPt IX · col B89%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSeekonk Cable Access INC
EINHdr · item D04-2951972
Principal addressHdr · item CSeekonk, MA
WebsiteHdr · item Jwww.tv9seekonk.com
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 1987

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
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 · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $223K of program spending, described in the organization's own filed words · FY2023.
01

Community access channel providing educational and informational programming of interest to the community.

$223Kprogram expense

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Statement of Revenue

Part VIII
Investment income102%$84K
Total revenueLn 12$83K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.89 Management & general $0.11
Program services89%$223K
Management & general11%$27K
Total functional expensesLn 25$250K

Balance Sheet

Part X · end of year
CashLn 1$292K
Total assetsLn 16$1.1M
Total liabilitiesLn 26$1K
Total net assetsLn 32$1.1M
Months of cash on handcomputed14.0

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $455K · Operating expenses/yr $250K
21.8 months
Where the money goes
Program services
Program services $223K · Total expenses $250K
89%
Management & General
Management & general $27K · Total expenses $250K
11%
Fundraising
Fundraising $0 · Total expenses $250K
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 $83K
0%
Government reliance
Government grants — · Total revenue $83K
Earned-income share
Program service revenue $0 · Total revenue $83K
0%
Investment reliance
Investment income $84K · Total revenue $83K
+102%
Program self-sufficiency
Program service revenue $0 · Total expenses $250K
0%
Growth & trend
Revenue growth (YoY)
This year $83K · Prior year $289K
-71%
Revenue CAGR
FY2019 $241K · FY2023 $83K
-23%
Net-asset trend (YoY)
End of year $1.1M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $83K · Expenses $250K
-201%
Liabilities-to-Assets
Total liabilities — · Total assets $1.1M
Net-asset ratio
Net assets $1.1M · Total assets $1.1M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) $163K · Total assets (Pt X, ln 16) $1.1M
15%
People & payroll
Highest Reported Total Compensation
Individual Andrea Rosseter · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $250K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $134K · Total expenses $250K
53%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 89%
Overhead ratio 11%
Revenue growth -71%
Legal fee ratio 10%
Accounting fee ratio 1.0%

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)$83K revenue · viewing · ⤓ 990 PDF
FY2023$289K revenue · ⤓ 990 PDF
FY2022$309K revenue · ⤓ 990 PDF
FY2021$306K revenue · ⤓ 990 PDF
FY2020$241K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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