Beverly Cable and Telecommunications Corporation

Tax-deductible

Beverly, MA501(c)(3)Since 2001Arts & CultureEIN 04-3584792Revenue $799K in FY2025

On file with the IRSbevcam.org100 Sohier Rd, 01915-2654 · Beverly, MATax-exempt since Nov 2002Publicly supported charity — 170(b)(1)(A)(vi)

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Beverly Cable & Telecommunications Corporation was organized to design, build, and bring to life a telecommunication community center to serve the residents and institutions of the city of Beverly.

501(c)(3) charity; gifts are tax-deductible.
70¢ of each $1 spent went to programs.
$105K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

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
4 of 6
filings with a surplus
Average surplus $95K a year · 13% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
70%
of spending
Fine: 70% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$105K
to officers and key staff · 12% of spending
Top officer’s pay higher than 90% of similar orgs
Looks good: pay to officers and key staff is 12% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
9 mo
of spending, in cash
Looks good: 9.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$218K
18% of total assets
Looks good: liabilities are 18% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$799K
+2% vs prior year
Spent
$840K
To programs
70%
Net assets
$1.0M
By yearFY2020–FY2025
Revenue
$799K
FY2025▲ +2%
Tap a bar for its year
Revenue by fiscal year
FY2020$451K
FY2021$620K
FY2022$840K
FY2023$826K
FY2024$784K
FY2025$799K
Expenses
$840K
FY2025▲ +9%
Tap a bar for its year
Expenses by fiscal year
FY2020$474K
FY2021$499K
FY2022$526K
FY2023$642K
FY2024$771K
FY2025$840K
Net assets
$1.0M
FY2025▼ -4%
Tap a bar for its year
Net assets by fiscal year
FY2020$427K
FY2021$550K
FY2022$863K
FY2023$1.0M
FY2024$1.1M
FY2025$1.0M

From the FY2025 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 2002.

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

Where the money goes

70 cents of each dollar spent went to programs.

Program services 70% · $589K Management & general 30% · $251K

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

13 people listed on the 990; $105K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$105,003Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A

Robert Chapman’s $105K as Executive Director is at the 90th percentile of top reported officer pay among 2215 $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 · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Robert Chapman$105,003$97,045$92,683$55,572——
Walter Kosmowski———$24,083$80,019$77,616

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.

See Beverly Cable and Telecommunications Corporation 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 cable access and technology to Beverly residents, schools, and businesses.

Provided by the organization

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1 program · $589K · in their own filed words · FY2025
01

Provided non-commercial public and educational cable access and related technology services to the residents, schools, business and other institutions of beverly, ma

$589Kprogram expense

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$799K
Ln 12
Gifts and grantsLn 1h$795K
Other incomeLn 4–11$3K
Fees for servicesLn 2g$1K
Money outPt IX
$840K
Ln 25
Programscol B$589K
Managementcol C$251K
Owns and owesPt X
$1.0M
net assets · Ln 32
Cash and savingsLn 1–2$634K
Total assetsLn 16$1.2M
LiabilitiesLn 26$218K
PeoplePt VI, VII
13
listed · VII A
PaidVII A1
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$795K
Government grantsLn 1e$70K
Fees for servicesLn 2g$1K
Investment incomeLn 3$691
Other incomeLn 4–11$3K
Total revenueLn 12$799K
Assets in detailPt X, end of year
CashLn 1$16K
SavingsLn 2$617K
Cash and savings togetherLn 1–2$634K
Land, buildings, equipmentLn 10c$248K
Other assetsLn 15$201K
Total assetsLn 16$1.2M
LiabilitiesLn 26$218K
Net assetsLn 32$1.0M
OperationsPt I, VI
EmployeesI 537
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
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$450K$634K
Land, buildings, equipmentLn 10c$300K$248K
Total assetsLn 16$1.3M$1.2M
LiabilitiesLn 26$248K$218K
Net assetsLn 32$1.1M$1.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$116K$29K$87K
Other salaries and wagesLn 7$384K$336K$48K
Pension plan contributionsLn 8$7K$6K$1K
Other employee benefitsLn 9$29K$27K$2K
Payroll taxesLn 10$43K$32K$11K
Accounting feesLn 11c$9K$9K
Other fees for servicesLn 11g$24K$22K$1K
Advertising and promotionLn 12$23K$23K$300
Office expensesLn 13$27K$7K$20K
Information technologyLn 14$10K$10K
OccupancyLn 16$42K$42K
TravelLn 17$5K$5K
Depreciation, depletion and amortizationLn 22$71K$71K
InsuranceLn 23$10K$10K
Other expenses (24a–d)Ln 24$39K$36K$3K
Total functional expensesLn 25$840K$589K$251K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $799K$840K−$41K$1.0M 990 PDF
FY2024 $784K$771K$13K$1.1M 990 PDF
FY2023 $826K$642K$184K$1.0M 990 PDF
FY2022 $840K$526K$313K$863K 990 PDF
FY2021 $620K$499K$121K$550K 990 PDF
FY2020 $451K$474K−$23K$427K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $799,251 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $781,331$794,705
I-9 Program service revenuePrior year $400$1,125
I-10 Investment incomePrior year $810$691
I-11 Other revenuePrior year $1,288$2,730
I-12 Total revenuePrior year $783,829$799,251
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 $511,672$577,844
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $259,304$262,239
I-18 Total expensesPrior year $770,976$840,083
I-19 Revenue less expensesPrior year $12,853−$40,832
Part VI · Governance 12 of 12 board members independent, 1 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $799,251 across 8 lines filed
VIII-1b Membership dues$4,730
VIII-1e Government grants$69,738
VIII-1f All other contributions, gifts and grants$720,237
VIII-1h Total contributions, gifts and grants$794,705
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,125$1,125
VIII-3 Investment incomeExcluded from tax $691$691
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $2,730$2,730
VIII-12 Total revenueRelated to mission $1,125 · Unrelated business $0 · Excluded from tax $3,421$799,251
Part IX · Statement of functional expenses $840,083 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $28,941 · Management $86,824$115,765
IX-7 Other salaries and wagesPrograms $335,659 · Management $47,843$383,502
IX-8 Pension plan contributionsPrograms $5,567 · Management $1,204$6,771
IX-9 Other employee benefitsPrograms $26,891 · Management $2,101$28,992
IX-10 Payroll taxesPrograms $32,045 · Management $10,769$42,814
IX-11c Accounting feesManagement $9,250$9,250
IX-11g Other fees for servicesPrograms $22,500 · Management $1,288$23,788
IX-12 Advertising and promotionPrograms $22,928 · Management $300$23,228
IX-13 Office expensesPrograms $7,319 · Management $20,108$27,427
IX-14 Information technologyManagement $10,477$10,477
IX-16 OccupancyManagement $42,303$42,303
IX-17 TravelManagement $5,496$5,496
IX-22 Depreciation, depletion and amortizationPrograms $71,474$71,474
IX-23 InsuranceManagement $9,756$9,756
IX-24 Other expenses (24a–d)Programs $35,715 · Management $3,325$39,040
IX-25 Total functional expensesPrograms $589,039 · Management $251,044 · Fundraising $0$840,083
Part X · Balance sheet $1,237,486 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $11,320$16,414
X-2 Savings and temporary cash investmentsStart of year $438,580$617,253
X-4 Accounts receivableStart of year $325,671$144,335
X-9 Prepaid expenses and deferred chargesStart of year $8,185$11,074
X-10c Land, buildings and equipment, netStart of year $299,891$247,836
X-15 Other assetsStart of year $224,447$200,574
X-16 Total assetsStart of year $1,308,094$1,237,486
X-17 Accounts payable and accrued expensesStart of year $21,839$13,437
X-25 Other liabilitiesStart of year $225,942$204,568
X-26 Total liabilitiesStart of year $247,781$218,005
X-27 Net assets without donor restrictionsStart of year $1,060,313$1,019,481
X-32 Total net assets or fund balancesStart of year $1,060,313$1,019,481
X-33 Total liabilities and net assetsStart of year $1,308,094$1,237,486
Part XI · Reconciliation of net assets $1,019,481 net assets at year end
XI-1 Total revenue$799,251
XI-2 Total expenses$840,083
XI-3 Revenue less expenses−$40,832
XI-4 Net assets at start of year$1,060,313
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,019,481

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

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