Higher Education Cable Consortium Inc H E C C
- Assets
- $64.9k
- Revenue
- $2.8k
- Investments
- $56.6k
- Employees
- 0
- Location
- Mequon, WI
- Founding
- 09/1985
- Data as of
- 12/2022
- EIN
- 93-0864757
Organization Overview
Higher Education Cable Consortium Inc H E C C is located in Mequon, WI. The organization was established in 1985. According to its NTEE Classification (A30) the organization is classified as: Media & Communications, 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. Higher Education Cable Consortium Inc H E C C 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 12/2022, Higher Education Cable Consortium Inc H E C C generated $2.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (14.6%) each year. All expenses for the organization totaled $5.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (17.1%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZATION PROVIDES MEMBER INSTITUTIONS IN THE GREATER MILWAUKEE AREA A DEVICE FOR PARTICIPATING IN CABLE TV PROGRAMMING. MEMBER INSTITUTIONS ARE COLLEGES AND UNIVERSITIES THROUGHOUT WISCONSIN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jon Pray President | 1 | $0 | |
Kent Peterson Vice Preside | 1 | $0 | |
Denise Spleas Secretary | 1 | $0 | |
Richard Busalacchi Delegate | 1 | $0 | |
Randall Coorough Delegate | 1 | $0 | |
Eloisa Gomez Delegate | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $14 |
| Dividends & Interest | $1,458 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,286 |
| Capital Gain Net Income | $1,286 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,758 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $48 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,798 |
| Contributions, gifts, grants paid | $4,000 |
| Total expenses and disbursements | $5,798 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,319 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $64,885 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |