Overview
What is Lowell Telecommunications Corporation?
Lowell Telecommunications Corporation (LTC) is a nonprofit organization situated in Lowell, Massachusetts. Its primary mission is to serve as a community media and education center, empowering, connecting, and informing all residents, businesses, and organizations within the city. LTC offers equipment, facilities, and training to local residents, enabling them to produce programming for its three channels. Furthermore, LTC provides gallery space for local artists, fosters youth media programs, and offers production services for businesses. LTC's activities extend beyond broadcasting, as it also covers live events like city council and school committee meetings, as well as community-produced programming and a computer-generated bulletin board for community announcements.
Official website here: www.ltc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Star rating)
Lowell Telecommunications Corporation has earned a solid Three-Star rating from Charity Navigator, reflective of its strong accountability and finance practices. The organization boasts a high score for having a majority of independent board members and a robust financial oversight committee. Additionally, its program expense ratio indicates that a significant portion of its budget is directed towards programmatic activities, which is a positive sign for potential donors.
However, the organization does face some limitations. Specifically, it lacks a whistleblower policy and a document retention and destruction policy, which may raise concerns about transparency and governance. Additionally, the absence of its tax form on the nonprofit's website could hinder public accountability and access to critical financial information.
In summary, while Lowell Telecommunications Corporation shows commendable strengths in governance and financial management, there are areas for improvement that could enhance its overall accountability and public trust. Prospective donors may want to consider these factors when engaging with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Lowell Telecommunications Corporation legitimate?
Lowell Telecommunications Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lowell Telecommunications Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $79,316
Professional Fundraising Fees: $0
Other Salaries and Wages: $294,080
For more financial information, click here
Official website here: www.ltc.org
What is the mission statement of Lowell Telecommunications Corporation?
The Lowell Telecommunications Corporation's mission is to serve as a community media and education hub that empowers, connects, and informs residents, businesses, and organizations within the city. They accomplish this by providing equipment, facilities, and training to local residents, enabling them to produce programming for the corporation's three channels. Moreover, the organization offers gallery space for local artists, supports youth media programs, and offers production services for businesses.
Official website here: www.ltc.org
Who is the CEO of Lowell Telecommunications Corporation?
Eric Sack is the President of Lowell Telecommunications Corporation.
Official website here: www.ltc.org
What is the revenue of Lowell Telecommunications Corporation?
Lowell Telecommunications Corporation's revenue in 2023 was $825,593.
Official website here: www.ltc.org
Who are the executives of Lowell Telecommunications Corporation and what are their salaries?
The average compensation at Lowell Telecommunications Corporation during 2023 was $46,674. There are 8 employees and 21 volunteers at Lowell Telecommunications Corporation.
Here are 23 key members and their salaries:
- Compensation: $68,028
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Official website here: www.ltc.org
Where can I find the form 990 for Lowell Telecommunications Corporation?
Lowell Telecommunications Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.ltc.org
Learn more at the official website: www.ltc.org
Mission Statement of Lowell Telecommunications Corporation
Lowell Telecommunications Corporation (LTC) strives to fortify the community of Lowell as a hub for community media and education. Their mission is multifaceted, aiming to empower, connect, and inform all residents, businesses, and organizations within the city. LTC accomplishes this by offering access to necessary equipment, facilities, and training, enabling Lowell residents to produce programming for LTC's three channels. Furthermore, LTC provides gallery space for local artists and supports youth media programs, in addition to offering production services for businesses. By doing so, LTC contributes significantly to the cultural and informational landscape of the community, fostering a sense of unity and engagement among its residents.
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Impact
July, 2024
Lowell Telecommunications Corporation plays a vital role in strengthening the community of Lowell by serving as a hub for media and education. LTC empowers residents, businesses, and organizations by providing access to equipment, facilities, and training to produce programming for its three channels. Additionally, LTC offers gallery space for local artists, youth media programs, and production services for businesses. Through its public access programming, which includes live coverage of city council and school committee meetings, community-produced content, and a bulletin board of community announcements, LTC serves as a platform for information dissemination and community engagement in Lowell, MA.
This information is meant to be a general summary of Lowell Telecommunications Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $232
- Program Service Revenue: $184,906
- Gross Receipts: $825,593
Assets and Liabilities:
- Total Assets: $1,510,769
- Total Liabilities: $35,172
- Net Assets: $1,475,597
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FEES FOR SERVICE
Revenue
$184,906
Organization Details
Founding Year
1992
Phone
(978) 458-5400Principal Officer
Eric Sack
Main Address
246 MARKET STREET, LOWELL, MA, 01852
Website
www.ltc.orgNTEE Category
Code: A32Z - Arts
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