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Reading Community Television INC

Tax-deductible

Reading, MA501(c)(3)Education EIN 04-3446282Revenue $368K in FY2025

On file with the IRSrctv.org131 Main Street Suite 103, 01867-3974 · Reading, MATax-exempt since Apr 1999Publicly supported charity — 170(b)(1)(A)(vi)

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To provide access to public cable Television, aiding in education, arts and personal freedom, for public use of equipment and studio; to air Television programming, to produce non-commercial Community programming for the residents and organizations of Reading, massachusetts.

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
Run by 75 volunteers and 12 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average deficit $72K a year · 12% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 3.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $500
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$38K
9% of total assets
Looks good: liabilities are 9% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$368K
-33% vs prior year
Spent
$631K
To programs
85%
Net assets
$371K
By yearFY2020–FY2025
Revenue
$368K
FY2025▼ -33%
Tap a bar for its year
Revenue by fiscal year
FY2020$672K
FY2021$664K
FY2022$650K
FY2023$655K
FY2024$552K
FY2025$368K
Expenses
$631K
FY2025▼ -6%
Tap a bar for its year
Expenses by fiscal year
FY2020$660K
FY2021$644K
FY2022$688K
FY2023$699K
FY2024$674K
FY2025$631K
Net assets
$371K
FY2025▼ -41%
Tap a bar for its year
Net assets by fiscal year
FY2020$817K
FY2021$837K
FY2022$799K
FY2023$755K
FY2024$633K
FY2025$371K

From the FY2025 Form 990 (year ending June 2025) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1999.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $535K Management & general 15% · $96K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Kathi Crook
President
$0Pt VII · Sec A
Matt Sullivan
Vice President
$0Pt VII · Sec A
Bob Beckman
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Steve Crook
At-Large
$0Pt VII · Sec A
John McAleer
At-Large
$0Pt VII · Sec A
$0Pt VII · Sec A
Ron Powell
At-Large
$0Pt VII · Sec A
See Reading Community Television INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Offers public access TV, equipment, and studio use for education, arts, and community programming in Reading, MA.

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1 program · $535K · in their own filed words · FY2024
01

To provide access to public cable television, aiding in education, arts and personal freedom, for public use of equipment and studio; to air television programming, to produce non-commercial community programming for the residents and organizations of reading, massachusetts.

$535Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Rcb Charitable Foundation INCFY2023$500
Total grants receivedfrom 1 funder$500

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$368K
Ln 12
Fees for servicesLn 2g$525K
Gifts and grantsLn 1h$4K
Investment incomeLn 3$302
Money outPt IX
$631K
Ln 25
Programscol B$535K
Managementcol C$96K
Owns and owesPt X
$371K
net assets · Ln 32
Cash and savingsLn 1–2$192K
Total assetsLn 16$410K
LiabilitiesLn 26$38K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4K
Fees for servicesLn 2g$525K
Investment incomeLn 3$302
Gains on assetsLn 7−$161K
Total revenueLn 12$368K
Assets in detailPt X, end of year
CashLn 1$147K
SavingsLn 2$46K
Cash and savings togetherLn 1–2$192K
Land, buildings, equipmentLn 10c$51K
Other assetsLn 15$38K
Total assetsLn 16$410K
LiabilitiesLn 26$38K
Net assetsLn 32$371K
OperationsPt I, VI
EmployeesI 512
VolunteersI 675
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$300K$192K
Land, buildings, equipmentLn 10c$190K$51K
Total assetsLn 16$665K$410K
LiabilitiesLn 26$32K$38K
Net assetsLn 32$633K$371K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$386K$328K$58K
Other employee benefitsLn 9$64K$54K$10K
Accounting feesLn 11c$7K$7K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$10K$9K$2K
OccupancyLn 16$50K$43K$8K
Depreciation, depletion and amortizationLn 22$14K$12K$2K
InsuranceLn 23$20K$17K$3K
Other expenses (24a–d)Ln 24$67K$61K$6K
All other expensesLn 24e$11K$9K$2K
Total functional expensesLn 25$631K$535K$96K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $368K$631K−$262K$371K 990 PDF
FY2024 $552K$674K−$122K$633K 990 PDF
FY2023 $655K$699K−$44K$755K 990 PDF
FY2022 $650K$688K−$37K$799K 990 PDF
FY2021 $664K$644K$20K$837K 990 PDF
FY2020 $672K$660K$12K$817K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $368,406 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,325$4,289
I-9 Program service revenuePrior year $550,014$524,955
I-10 Investment incomePrior year $339−$160,838
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $551,678$368,406
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $416,246$449,876
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $257,344$180,716
I-18 Total expensesPrior year $673,590$630,592
I-19 Revenue less expensesPrior year −$121,912−$262,186
Part VI · Governance 8 of 8 board members independent, no flags
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $368,406 across 7 lines filed
VIII-1b Membership dues$927
VIII-1f All other contributions, gifts and grants$3,362
VIII-1h Total contributions, gifts and grants$4,289
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $524,955$524,955
VIII-3 Investment incomeExcluded from tax $302$302
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$161,140−$161,140
VIII-12 Total revenueRelated to mission $524,955 · Unrelated business $0 · Excluded from tax −$160,838$368,406
Part IX · Statement of functional expenses $630,592 across 10 lines filed
IX-7 Other salaries and wagesPrograms $327,967 · Management $57,876$385,843
IX-9 Other employee benefitsPrograms $54,428 · Management $9,605$64,033
IX-11c Accounting feesManagement $7,150$7,150
IX-12 Advertising and promotionPrograms $1,559$1,559
IX-13 Office expensesPrograms $8,909 · Management $1,572$10,481
IX-16 OccupancyPrograms $42,728 · Management $7,540$50,268
IX-22 Depreciation, depletion and amortizationPrograms $11,881 · Management $2,097$13,978
IX-23 InsurancePrograms $16,794 · Management $2,964$19,758
IX-24 Other expenses (24a–d)Programs $61,054 · Management $5,605$66,659
IX-24e All other expensesPrograms $9,234 · Management $1,629$10,863
IX-25 Total functional expensesPrograms $534,554 · Management $96,038 · Fundraising $0$630,592
Part X · Balance sheet $409,525 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $154,786$146,730
X-2 Savings and temporary cash investmentsStart of year $144,899$45,618
X-4 Accounts receivableStart of year $132,854$127,729
X-10c Land, buildings and equipment, netStart of year $189,669$51,495
X-15 Other assetsStart of year $42,781$37,953
X-16 Total assetsStart of year $664,989$409,525
X-17 Accounts payable and accrued expensesStart of year $1,293$1,361
X-25 Other liabilitiesStart of year $30,349$37,003
X-26 Total liabilitiesStart of year $31,642$38,364
X-27 Net assets without donor restrictionsStart of year $633,347$371,161
X-32 Total net assets or fund balancesStart of year $633,347$371,161
X-33 Total liabilities and net assetsStart of year $664,989$409,525
Part XI · Reconciliation of net assets $371,161 net assets at year end
XI-1 Total revenue$368,406
XI-2 Total expenses$630,592
XI-3 Revenue less expenses−$262,186
XI-4 Net assets at start of year$633,347
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$371,161

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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