North Carolina Cable Telecommunications Association
- Assets
- $1.4m
- Revenue
- $730.8k
- Investments
- $419.0k
- Employees
- 0
- Location
- Raleigh, NC
- Founding
- 09/1979
- Data as of
- 12/2023
- EIN
- 58-1372176
Organization Overview
North Carolina Cable Telecommunications Association is located in Raleigh, NC. The organization was established in 1979. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Carolina Cable Telecommunications Association 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 12/2023, North Carolina Cable Telecommunications Association generated $730.8k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $522.9k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (4.3%) per year over the past 6 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
NCCTA IS A TRADE ASSOCIATION OF CABLE TELECOMMUNICATIONS PROVIDERS AIMING TO CONNECT NORTH CAROLINIANS TO TECHNOLOGY PLATFORMS THAT INFORM, ENTERTAIN & INSPIRE BY ADVOCATING FOR BROADBAND EXPANSION PARTICULARLY IN UNDERSERVED AREAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NCCTA IS A TRADE ASSOCIATION OF CABLE TELECOMMUNICATIONS PROVIDERS AIMING TO CONNECT NORTH CAROLINIANS TO TECHNOLOGY PLATFORMS THAT INFORM, ENTERTAIN & INSPIRE BY ADVOCATING FOR BROADBAND ACCESS/EXPANSION PARTICULARLY IN UNDERSERVED AREAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Gregory President | OfficerTrustee | 1 | $0 |
Meredith Garwood Treasurer | OfficerTrustee | 1 | $0 |
Mia Bailey Vice-President | OfficerTrustee | 1 | $0 |
Erin Jones Secretary | OfficerTrustee | 1 | $0 |
Eric Collins Director | Trustee | 1 | $0 |
Jamie Fenwick Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Brubaker & Associates Advocacy & Consulting | 12/30/23 | $153,109 |
Vista Strategies & Solutions Group Advocacy & Consulting | 12/30/23 | $145,265 |
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 | $42,855 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $42,855 |
| Total Program Service Revenue | $669,471 |
| Investment income | $18,482 |
| 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 | $730,808 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $45,298 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,135 |
| Fees for services: Lobbying | $426,089 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,443 |
| Fees for services: Other | $0 |
| Advertising and promotion | $28,659 |
| Office expenses | $3,324 |
| Information technology | $53 |
| Royalties | $0 |
| Occupancy | $2,019 |
| Travel | $845 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,599 |
| All other expenses | $1,395 |
| Total functional expenses | $522,859 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $400,283 |
| Savings and temporary cash investments | $363,937 |
| 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 | $0 |
| Investments—publicly traded securities | $224,581 |
| Investments—other securities | $419,030 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,407,831 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,407,831 |
| 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 | $1,407,831 |