Overview
What is Leominster Telecommunications Corp?
Leominster Telecommunications Corp is a nonprofit organization situated in Leominster, aiming to foster and motivate both individuals and institutions within the city. By offering essential tools such as equipment, training, and broadcast time, they enable community members to actualize their aspirations in cable television. This access to a contemporary TV facility enables individuals to accomplish their programming objectives while simultaneously allowing producers to enhance their technical and artistic abilities. Consequently, the community benefits from this service, gaining access to a diverse range of programming.
Official website here: www.leominster.tv
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Star rating)
Leominster Telecommunications Corp has received an 86% score from Charity Navigator, which translates to a Three-Star rating. This reflects the organization's strong performance in accountability and finance, indicating a well-managed entity committed to fiscal responsibility. The organization scores particularly high in areas like independent board governance and has established policies for conflict of interest, whistleblowing, and document retention.
One of the strengths highlighted is the composition of its board, which consists of 100% independent members, demonstrating a commitment to unbiased oversight. Additionally, the financial oversight mechanisms are robust, as evidenced by high scores in audit and oversight committee areas. The organization maintains a healthy liabilities-to-assets ratio, indicating good financial health.
However, while the program expense ratio is a solid 62.29%, there is room for improvement, as it falls short of the ideal benchmark of 75%. This suggests that while a significant portion of funds is directed towards programs, there is potential for further enhancement in programmatic spending to increase overall impact. Overall, Leominster Telecommunications Corp shows promise but could benefit from focusing on increasing its program expenditure.
This AI summary has been generated from information found on Charity Navigator.
Is Leominster Telecommunications Corp legitimate?
Leominster Telecommunications Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Leominster Telecommunications Corp 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: $183,898
Professional Fundraising Fees: $0
Other Salaries and Wages: $159,209
For more financial information, click here
Official website here: www.leominster.tv
What is the mission statement of Leominster Telecommunications Corp?
Leominster Telecommunications Corp's mission is centered around fostering growth and potential in its community through cable television. It achieves this by providing necessary equipment, training, and broadcast time. This setup allows citizens and institutions in the community to actualize their television programming objectives. Consequently, the community gains access to a contemporary TV facility, where individuals can attain their programming goals and producers can enhance their technical and aesthetic skills.
Official website here: www.leominster.tv
Who is the CEO of Leominster Telecommunications Corp?
Scott Kurland is the President of Leominster Telecommunications Corp.
Official website here: www.leominster.tv
What is the revenue of Leominster Telecommunications Corp?
Leominster Telecommunications Corp's revenue in 2023 was $696,147.
Official website here: www.leominster.tv
Who are the executives of Leominster Telecommunications Corp and what are their salaries?
The average compensation at Leominster Telecommunications Corp during 2023 was $49,015. There are 7 employees at Leominster Telecommunications Corp.
Here are 6 key members and their salaries:
- Compensation: $118,150
- Related: $0
- Other: $51,902
- Compensation: $13,846
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.leominster.tv
Where can I find the form 990 for Leominster Telecommunications Corp?
Leominster Telecommunications Corp's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.leominster.tv
Learn more at the official website: www.leominster.tv
Mission Statement of Leominster Telecommunications Corp
Leominster Telecommunications Corp, in its mission, aims to inspire and motivate citizens and institutions in Leominster by offering them the necessary equipment, training, and broadcast time through cable television. The objective is to provide the community with access to a contemporary television facility, enabling members to accomplish their programming objectives while fostering the development of technical and aesthetic skills among producers. As a result, the corporation empowers its community members to unlock their full potential in the realm of cable television.
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Impact
July, 2024
Leominster Telecommunications Corp has a significant impact on the community of Leominster by empowering and encouraging citizens and institutions to realize their potential in cable television. By providing equipment, training, and broadcast time, this organization enables members to achieve their programming goals while developing technical and aesthetic skills. Through their efforts, Leominster gains access to a modern TV facility that serves as a platform for creative expression and community engagement. This initiative not only fosters a sense of empowerment and skill development but also promotes public benefit by facilitating communication and connectivity within the community.
This information is meant to be a general summary of Leominster Telecommunications Corp. 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: $135
- Program Service Revenue: $1,335
- Gross Receipts: $696,147
Assets and Liabilities:
- Total Assets: $1,713,726
- Total Liabilities: $628,193
- Net Assets: $1,085,533
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$1,175
SALES
Revenue
$160
Organization Details
Founding Year
2000
Phone
(978) 537-7760Principal Officer
Scott Kurland
Main Address
20 Litchfield Street, Leominster, MA, 01453
Website
www.leominster.tvNTEE Category
Code: W500 - Public benefit
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