Longmont Cable Trust
- Assets
- $0.0
- Revenue
- $94.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Longmont, CO
- Founding
- 01/1984
- Data as of
- 02/2020
- EIN
- 84-6177035
Organization Overview
Longmont Cable Trust is located in Longmont, CO. The organization was established in 1984. According to its NTEE Classification (A32) the organization is classified as: Television, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Longmont Cable Trust is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 02/2020, Longmont Cable Trust generated $94.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (23.3%) each year. All expenses for the organization totaled $950.3k during the year ending 02/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATE THE CITIZENS OF LONGMONT BY USING CABLE TV.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSE OF THE LONGMONT CABLE TRUST IS TO EDUCATE THE CITIZENS OF LONGMONT, COLORADO THROUGH THE USE OF CABLE TV.
VIDEO PRODUCTION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Chaffin General Manager | Officer | 40 | $152,020 |
Marshall Allen Director | OfficerTrustee | 2 | $0 |
George Baskos Secretary | OfficerTrustee | 5 | $0 |
Phil Huff Vice Chairman | OfficerTrustee | 2 | $0 |
Jon E Lehmann Director | Trustee | 2 | $0 |
Matthew Wiggins Chairman | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $50 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $25,802 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,852 |
| Total Program Service Revenue | $114,037 |
| Investment income | $1,482 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$47,380 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $93,991 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $320,273 |
| 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. | $121,616 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $230,369 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,237 |
| Payroll taxes | $24,884 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,970 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $12,500 |
| Office expenses | $8,283 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $173 |
| 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 | $21,796 |
| Insurance | $5,095 |
| All other expenses | $5,449 |
| Total functional expenses | $950,319 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| 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 | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $147,254 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | -$147,254 |
| Total liabilities and net assets/fund balances | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rocky Mountain Public Media Inc Denver, CO | $65,340,096 | $24,351,486 |
Oklahoma Educational Television Authority Foundation Inc Oklahoma City, OK | $0 | $5,375,816 |
Chicago Instructional Technology Foundation Inc Longmont, CO | $18,318,425 | $5,204,094 |
Colorado Public Television Inc Denver, CO | $10,094,793 | $3,622,017 |
Kansas Public Telecommunications Service Inc Wichita, KS | $5,324,223 | $4,305,068 |
Vision Maker Media Lincoln, NE | $4,204,318 | $3,007,139 |
Smoky Hill Public Television Corp Bunker Hill, KS | $4,478,690 | $2,001,311 |
Denver Area Educational Telecommunications Consortium Inc Boulder, CO | $7,309,816 | $2,042,929 |
Longmont Cable Trust Longmont, CO | $0 | $93,991 |
Wyoming Pbs Foundation Riverton, WY | $1,577,991 | $1,066,418 |
Grand Valley Public Radio Company Grand Junction, CO | $570,648 | $569,016 |
National Academy Of Television Arts & Sciences Phoenix, AZ | $181,104 | $321,148 |