Norcam Inc
- Assets
- $1.3m
- Revenue
- $378.9k
- Investments
- $0.0
- Employees
- 4
- Location
- North Reading, MA
- Founding
- 01/2008
- Data as of
- 12/2021
- EIN
- 87-0813246
Organization Overview
Norcam Inc is located in North Reading, MA. The organization was established in 2008. According to its NTEE Classification (A32) the organization is classified as: Television, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Norcam Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Norcam Inc 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 12/2021, Norcam Inc generated $378.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $297.9k during the year ending 12/2021. While expenses have increased by 0.7% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
OPERATE PUBLIC ACCESS TELEVISION FOR THE TOWN OF NORTH READING
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Eames Director | Trustee | 2 | $38 |
Agatha Marano Secretary | OfficerTrustee | 2 | $0 |
John Firriello President | OfficerTrustee | 5 | $0 |
Jean Shapleigh Treasurer | OfficerTrustee | 3 | $0 |
Martin Dickman Director | Trustee | 2 | $0 |
David Doucette Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $20 |
| 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 | $20 |
| Total Program Service Revenue | $378,870 |
| Investment income | $30 |
| 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 | $378,920 |
| 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. | $75,524 |
| Compensation of current officers, directors, key employees. | $15,097 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $108,194 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $28,335 |
| Payroll taxes | $14,621 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,529 |
| Advertising and promotion | $433 |
| Office expenses | $3,936 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $19,134 |
| Travel | $0 |
| 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 | $9,990 |
| Insurance | $7,698 |
| All other expenses | $225 |
| Total functional expenses | $297,872 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $598,199 |
| Savings and temporary cash investments | $350,228 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $144,279 |
| 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 | $6,307 |
| Net Land, buildings, and equipment | $40,573 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $116,250 |
| Total assets | $1,255,836 |
| Accounts payable and accrued expenses | $2,827 |
| Grants payable | $0 |
| Deferred revenue | $115,000 |
| 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 | $117,827 |
| Net assets without donor restrictions | $1,018,009 |
| Net assets with donor restrictions | $120,000 |
| 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 | $1,255,836 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Universal Communications Network Inc New York, NY | $23,705,014 | $36,204,062 |
Downtown Community Television Center Inc New York, NY | $12,160,508 | $18,067,924 |
Storycorps Inc Brooklyn, NY | $16,608,870 | $12,121,023 |
Eastern Educational Television Network Inc Boston, MA | $16,514,282 | $14,535,811 |
Vermont Etv Inc Winooski, VT | $65,912,701 | $9,345,245 |
Rhode Island Pbs Foundation Providence, RI | $95,486,573 | $5,636,610 |
Manhattan Community Access Corporat Ion New York, NY | $36,696,255 | $8,423,391 |
Strafford Health Alliance Somersworth, NH | $0 | $6,918,526 |
St Lawrence Valley Educational Television Council Inc Watertown, NY | $2,869,491 | $2,752,985 |
Connecticut Public Affairs Network Inc Hartford, CT | $1,634,043 | $2,736,017 |
Plymouth Area Community Access Television Inc Plymouth, MA | $2,970,317 | $2,304,755 |
Art 21 Inc New York, NY | $6,856,845 | $2,240,072 |