Norcam INC FY2023 filing

Tax-deductible

North Reading, MA501(c)(3)Arts & CultureEIN 87-0813246Revenue $360K in FY2023

On file with the IRSnorcam.org21 Bow St, 01864-2553 · North Reading, MATax-exempt since Jan 2008Publicly supported charity — 170(b)(1)(A)(vi)

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Operate public access television for the town of north reading

501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
$63 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

FY2023 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $59K a year · 16% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$63
to officers and key staff · 0.02% of spending
Looks good: pay to officers and key staff is 0% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
33 mo
of spending, in cash
Looks good: 32.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$66K
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$360K
-5% vs prior year
Spent
$339K
To programs
87%
Net assets
$1.2M
By yearFY2019–FY2024
Revenue
$360K
FY2023▼ -5%
Tap a bar for its year
Revenue by fiscal year
FY2019$409K
FY2020$391K
FY2021$379K
FY2022$378K
FY2023$360K
FY2024$339K
Expenses
$339K
FY2023▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2019$306K
FY2020$292K
FY2021$298K
FY2022$325K
FY2023$339K
FY2024$345K
Net assets
$1.2M
FY2023▲ +2%
Tap a bar for its year
Net assets by fiscal year
FY2019$958K
FY2020$1.1M
FY2021$1.1M
FY2022$1.2M
FY2023$1.2M
FY2024$1.2M

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 2008.

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

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $293K Management & general 13% · $45K

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

6 people listed on the 990; $63 paid to officers and key staff.

Part VII, Section A · reportable compensation
$63Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

William Eames’s $63 as Director is at the 0th percentile of top reported officer pay among 2216 $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 · 1 named individual · Part VII

NameFY2023FY2022FY2021
William Eames$63$38$38

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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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

Operates public access television for North Reading residents.

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Provided by the organization

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1 program · $293K · in their own filed words · FY2023
01

To operate two public access stations for the town of north reading, massachusetts. To serve the community's public, educational and governmental needs thru public access television.

$293Kprogram expense

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$360K
Ln 12
Fees for servicesLn 2g$355K
Investment incomeLn 3$5K
Money outPt IX
$339K
Ln 25
Programscol B$293K
Managementcol C$45K
Owns and owesPt X
$1.2M
net assets · Ln 32
Cash and savingsLn 1–2$920K
Total assetsLn 16$1.3M
LiabilitiesLn 26$66K
PeoplePt VI, VII
6
listed · VII A
PaidVII A1
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$355K
Investment incomeLn 3$5K
Total revenueLn 12$360K
Assets in detailPt X, end of year
CashLn 1$365K
SavingsLn 2$556K
Cash and savings togetherLn 1–2$920K
Land, buildings, equipmentLn 10c$95K
Other assetsLn 15$91K
Total assetsLn 16$1.3M
LiabilitiesLn 26$66K
Net assetsLn 32$1.2M
OperationsPt I, VI
EmployeesI 54
VolunteersI 6151
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 FY23End FY23
Cash and savingsLn 1–2$830K$920K
Land, buildings, equipmentLn 10c$100K$95K
Total assetsLn 16$1.3M$1.3M
LiabilitiesLn 26$80K$66K
Net assetsLn 32$1.2M$1.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$84K$67K$17K
Other salaries and wagesLn 7$89K$89K
Other employee benefitsLn 9$36K$29K$7K
Payroll taxesLn 10$14K$13K$1K
Accounting feesLn 11c$8K$8K
Other fees for servicesLn 11g$13K$12K$1K
Advertising and promotionLn 12$410$410
Office expensesLn 13$6K$3K$3K
OccupancyLn 16$20K$18K$2K
Conferences, conventions and meetingsLn 19$111$111
Depreciation, depletion and amortizationLn 22$30K$29K$428
InsuranceLn 23$13K$10K$3K
Other expenses (24a–d)Ln 24$26K$23K$2K
All other expensesLn 24e$163$163
Total functional expensesLn 25$339K$293K$45K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $339K$345K−$5K$1.2M 990 PDF
FY2023 Viewing $360K$339K$22K$1.2M 990 PDF
FY2022 $378K$325K$53K$1.2M 990 PDF
FY2021 $379K$298K$81K$1.1M 990 PDF
FY2020 $391K$292K$99K$1.1M 990 PDF
FY2019 $409K$306K$103K$958K 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 FY2023 990 (6 parts)
Part I · Summary $360,049 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $378,008$354,712
I-10 Investment incomePrior year $35$5,337
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $378,043$360,049
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 $238,464$223,503
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $86,605$115,025
I-18 Total expensesPrior year $325,069$338,528
I-19 Revenue less expensesPrior year $52,974$21,521
Part VI · Governance 6 of 6 board members independent, 1 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
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 $360,049 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $354,712$354,712
VIII-3 Investment incomeExcluded from tax $5,337$5,337
VIII-12 Total revenueRelated to mission $354,712 · Unrelated business $0 · Excluded from tax $5,337$360,049
Part IX · Statement of functional expenses $338,528 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $67,491 · Management $16,857$84,348
IX-7 Other salaries and wagesPrograms $89,440$89,440
IX-9 Other employee benefitsPrograms $28,565 · Management $7,141$35,706
IX-10 Payroll taxesPrograms $12,650 · Management $1,359$14,009
IX-11c Accounting feesManagement $7,550$7,550
IX-11g Other fees for servicesPrograms $11,504 · Management $1,236$12,740
IX-12 Advertising and promotionManagement $410$410
IX-13 Office expensesPrograms $3,143 · Management $2,791$5,934
IX-16 OccupancyPrograms $17,997 · Management $2,000$19,997
IX-19 Conferences, conventions and meetingsManagement $111$111
IX-22 Depreciation, depletion and amortizationPrograms $29,119 · Management $428$29,547
IX-23 InsurancePrograms $10,265 · Management $2,566$12,831
IX-24 Other expenses (24a–d)Programs $23,290 · Management $2,452$25,742
IX-24e All other expensesManagement $163$163
IX-25 Total functional expensesPrograms $293,464 · Management $45,064 · Fundraising $0$338,528
Part X · Balance sheet $1,278,930 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $479,950$364,740
X-2 Savings and temporary cash investmentsStart of year $350,263$555,600
X-4 Accounts receivableStart of year $263,288$140,776
X-9 Prepaid expenses and deferred chargesStart of year $1,701$31,913
X-10c Land, buildings and equipment, netStart of year $99,971$94,651
X-15 Other assetsStart of year $76,250$91,250
X-16 Total assetsStart of year $1,271,423$1,278,930
X-17 Accounts payable and accrued expensesStart of year $5,440$6,253
X-19 Deferred revenueStart of year $75,000$60,000
X-25 Other liabilitiesStart of year $0$173
X-26 Total liabilitiesStart of year $80,440$66,426
X-27 Net assets without donor restrictionsStart of year $990,983$997,504
X-28 Net assets with donor restrictionsStart of year $200,000$215,000
X-32 Total net assets or fund balancesStart of year $1,190,983$1,212,504
X-33 Total liabilities and net assetsStart of year $1,271,423$1,278,930
Part XI · Reconciliation of net assets $1,212,504 net assets at year end
XI-1 Total revenue$360,049
XI-2 Total expenses$338,528
XI-3 Revenue less expenses$21,521
XI-4 Net assets at start of year$1,190,983
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,212,504

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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