Overview
What is Opencape Corporation?
Opencape Corporation, situated in Barnstable, MA, is a nonprofit organization specializing in wireless and broadband technologies. Their primary goal is to strengthen a regional communications network, benefiting education, research, and community development across Cape Cod and the islands of Nantucket and Martha. They maintain a robust "middle mile" network to cater to the economic, educational, public safety, and governmental requirements of southeast Massachusetts. Opencape Corporation's commitment to this region enhances its overall growth and development.
Official website here: www.opencape.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Opencape Corporation has achieved an impressive Four-Star rating from Charity Navigator, reflecting a high level of accountability and finance management. With a score of 96%, the organization demonstrates strong governance practices, including a fully independent board and robust financial oversight. Their commitment to transparency is evident from their compliance with policies related to conflicts of interest, whistleblower protections, and proper document retention.
The organization maintains a healthy financial structure, with a low liabilities-to-assets ratio of 5.60% and a high program expense ratio of 84.88%. This suggests that a significant portion of their funds is directed toward their mission-driven programs rather than administrative costs. The overall fiscal responsibility of Opencape indicates effective use of resources in alignment with their stated goals.
There are no significant limitations noted in the data, which reinforces Opencape Corporation's reputation as a responsible and trustworthy nonprofit. Their strong performance across various accountability metrics positions them well in the nonprofit sector, making them a commendable choice for potential donors looking to support community-focused initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Opencape Corporation legitimate?
Opencape Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Opencape 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: $224,041
Professional Fundraising Fees: $0
Other Salaries and Wages: $724,212
For more financial information, click here
Official website here: www.opencape.org
What is the mission statement of Opencape Corporation?
Opencape Corporation's mission is centered around leveraging wireless and broadband technologies to fortify a regional communications network. This network aims to enhance education, research, and community development across Cape Cod and the islands of Nantucket and Martha. The corporation maintains a robust "middle mile" communications infrastructure to cater to the economic, educational, public safety, and governmental requirements of southeast Massachusetts. In essence, Opencape Corporation's mission is to use advanced technology to foster growth and development in various sectors of the region.
Official website here: www.opencape.org
Who is the CEO of Opencape Corporation?
Eric Ennes is the Chairman of Opencape Corporation.
Official website here: www.opencape.org
What is the revenue of Opencape Corporation?
Opencape Corporation's revenue in 2022 was $3,808,117.
Official website here: www.opencape.org
Who are the executives of Opencape Corporation and what are their salaries?
The average compensation at Opencape Corporation during 2022 was $79,021. There are 12 employees and 15 volunteers at Opencape Corporation.
Here are 13 key members and their salaries:
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- Compensation: $216,664
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- Other: $7,377
Official website here: www.opencape.org
Where can I find the form 990 for Opencape Corporation?
Opencape Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.opencape.org
Learn more at the official website: www.opencape.org
Mission Statement of Opencape Corporation
Opencape Corporation, a notable entity, is dedicated to utilizing advanced wireless and broadband technologies. Their mission revolves around establishing, operating, and maintaining a robust regional communications network. This network is designed to boost education, research, and community development across Cape Cod and the islands of Nantucket and Martha. Opencape Corporation serves as a vital backbone, or middle mile, network, catering to the economic, educational, public safety, and governmental needs of southeast Massachusetts. By doing so, they contribute significantly to the overall development and connectivity of the region.
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Impact
October, 2024
Opencape Corporation significantly enhances the region's connectivity and quality of life through its innovative use of wireless and broadband technologies. By establishing and maintaining a robust "middle mile" communications network, Opencape addresses critical needs in education, research, and community development across Cape Cod and the islands of Nantucket and Martha's Vineyard.
This network supports various sectors, including economic development, public safety, and government operations, ensuring that these communities have reliable access to essential services and information. Through its efforts, Opencape empowers local institutions, fosters collaboration, and drives progress, ultimately contributing to a more connected and vibrant southeastern Massachusetts. The company's focus on regional communications infrastructure plays a crucial role in bridging gaps and enhancing opportunities for residents and organizations alike.
This information is meant to be a general summary of Opencape 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 2022.
- Investment Income: $4,857
- Program Service Revenue: $3,803,260
- Gross Receipts: $3,808,117
Assets and Liabilities:
- Total Assets: $22,860,109
- Total Liabilities: $1,280,733
- Net Assets: $21,579,376
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM REVENUE
Revenue
$3,803,260
Organization Details
Founding Year
2007
Phone
(508) 362-2224Principal Officer
Eric Ennes
Main Address
PO BOX 1148, BARNSTABLE, MA, 02630
Website
www.opencape.orgNTEE Category
Code: S20 - Community improvement
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