Virginia Cable Telecommunications Inc
- Assets
- $827.9k
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 4
- Location
- Richmond, VA
- Founding
- 08/1976
- Data as of
- 12/2022
- EIN
- 51-0196242
Organization Overview
Virginia Cable Telecommunications Inc is located in Richmond, VA. The organization was established in 1976. According to its NTEE Classification (W50) the organization is classified as: Telecommunications, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2022, Virginia Cable Telecommunications Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Virginia Cable Telecommunications Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Virginia Cable Telecommunications Inc generated $1.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $1.3m during the year ending 12/2022. While expenses have increased by 1.4% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE A POSITIVE IMAGE OF CABLE TELEVISION IN VIRGINIA TO THE PUBLIC, BUSINESS COMMUNITY AND ELECTED OFFICALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEGAL REVIEW, CONSULTING, AND LONG RANGE PLANNING REGARDING INDUSTRY REGULATIONS AND LEGISLATIVE RULINGS AND PROPOSALS.
THE ASSOCIATION PROVIDES SCHOLARSHIPS TO STUDENTS RESIDING IN VIRGINIA, WITH A PREFERENCE FOR CHILDREN OF EMPLOYEES OF VIRGINIA CABLE COMPANIES.
COMMUNITY BROADCASTING AND INDUSTRY PUBLIC RELATIONS ACTIVITY.
PLAN AND COMMUNICATE INDUSTRY INFORMATION AND EXPENSES TO OBTAIN AND MONITOR INDUSTRY DEVELOPMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ray Lamura President | OfficerTrustee | 40 | $313,947 |
JD Myers II Chair | OfficerTrustee | 1 | $0 |
Bill Newborg Chair-Elect | OfficerTrustee | 1 | $0 |
John Conwell Vice Chair | OfficerTrustee | 1 | $0 |
Chris Kyle Immediate Pa | OfficerTrustee | 1 | $0 |
Eric Collins Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,317,400 |
| Investment income | $86 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,317,486 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $313,947 |
| Compensation of current officers, directors, key employees. | $15,697 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $254,306 |
| Pension plan accruals and contributions | $17,051 |
| Other employee benefits | $0 |
| Payroll taxes | $34,420 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $175,343 |
| Fees for services: Accounting | $14,444 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $82,937 |
| Advertising and promotion | $0 |
| Office expenses | $48,435 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $56,312 |
| Travel | $15,083 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,928 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,359 |
| Insurance | $126,846 |
| All other expenses | $11,964 |
| Total functional expenses | $1,272,665 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $481,041 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $47,404 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $299,458 |
| Total assets | $827,903 |
| Accounts payable and accrued expenses | $24,828 |
| Grants payable | $0 |
| Deferred revenue | $55,084 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $312,997 |
| Total liabilities | $392,909 |
| Net assets without donor restrictions | $434,994 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $827,903 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Scott County Telephone Cooperative Inc Gate City, VA | $34,053,199 | $9,179,083 |
Spruce Knob Seneca Rocks Telephone Inc Riverton, WV | $9,084,789 | $3,420,037 |
United States Telecommunications Training Institute Washington, DC | $827,245 | $3,204,969 |
Thermostat Recycling Corporation Washington, DC | $5,315,343 | $4,278,036 |
New Hope Telephone Cooperative New Hope, VA | $10,352,910 | $2,030,457 |
Virginia Cable Telecommunications Inc Richmond, VA | $827,903 | $1,317,486 |
The Wireless Foundation Washington, DC | $31,599,585 | $1,955,746 |
Shentel Foundation Edinburg, VA | $2,599,137 | $73,845 |
Big Bikes 4 Vets Lexington, NC | $5,973 | $8,348 |
United States Telecom Foundation Washington, DC | $6,119 | $0 |