Otz Telephone Cooperative Inc
- Assets
- $12.3m
- Revenue
- $10.1m
- Investments
- $223.2k
- Employees
- 21
- Location
- Kotzebue, AK
- Founding
- 05/1975
- Data as of
- 12/2020
- EIN
- 23-7448060
Organization Overview
Otz Telephone Cooperative Inc is located in Kotzebue, AK. The organization was established in 1975. According to its NTEE Classification (W50) the organization is classified as: Telecommunications, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2020, Otz Telephone Cooperative Inc employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Otz Telephone Cooperative Inc is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.
For the year ending 12/2020, Otz Telephone Cooperative Inc generated $10.1m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $9.8m during the year ending 12/2020. While expenses have increased by 1.5% per year over the past 3 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO BE THE BEST TELECOMMUNICATIONS PROVIDER TO THE PUBLIC OF NORTHWEST ALASKA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AS OF 12-31-2020, 2,315 ACCESS LINES WERE IN SERVICE PROVIDING TELEPHONE SERVICES TO MEMBERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Harold D Lambert Osp/co Foreman & Supervisor | 40 | $192,949 | |
Kelly W Williams CEO | Officer | 40 | $162,533 |
Mark A Iten Data Network Administrator | 40 | $135,166 | |
Harry H Baldwin Ip Pone & Network Administrator | 40 | $134,707 | |
Donald I Smith Purchasing Agent/building Coordinator | 40 | $133,373 | |
Donna M Mcconnell Accounting Manager | 40 | $124,741 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Digital Communications Consulting Cell Core/support | 12/30/20 | $198,938 |
Alexicon Inc Regulatory Consulting | 12/30/20 | $234,052 |
Sturgeon Electric Electrical Construction Services | 12/30/20 | $192,174 |
Aldrich Advisors Accounting/consulting | 12/30/20 | $133,024 |
Mid-state Consultants Engineering | 12/30/20 | $120,760 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $335,160 |
| 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 | $335,160 |
| Total Program Service Revenue | $9,704,927 |
| Investment income | $80,983 |
| 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 | $10,121,070 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,359 |
| Grants and other assistance to domestic individuals. | $3,750 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $219,196 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $221,624 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,224,762 |
| Insurance | $0 |
| All other expenses | $1,400,878 |
| Total functional expenses | $9,798,388 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,472 |
| Savings and temporary cash investments | $288,961 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,341,476 |
| 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 | $80,519 |
| Net Land, buildings, and equipment | $9,070,458 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $223,220 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,287,419 |
| Total assets | $12,318,525 |
| Accounts payable and accrued expenses | $691,438 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $5,350,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $540,655 |
| Total liabilities | $6,582,093 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $6,605 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $5,729,827 |
| Total liabilities and net assets/fund balances | $12,318,525 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Molalla Telephone Company Molalla, OR | $51,519,806 | $19,104,786 |
Pioneer Telephone Cooperative Philomath, OR | $33,332,473 | $13,803,671 |
Otz Telephone Cooperative Inc Kotzebue, AK | $12,318,525 | $10,121,070 |
Beaver Creek Cooperative Telephone Company Mt Angel, OR | $10,445,522 | $8,019,128 |
Clear Creek Mutual Telephone Company Oregon City, OR | $3,887,678 | $5,435,820 |
Oregon Fiber Partnership Portland, OR | $21,836,406 | $14,659,612 |
Scio Mutual Telephone Association Scio, OR | $17,845,456 | $4,494,478 |
Bristol Bay Telephone Cooperative Inc King Salmon, AK | $6,615,261 | $4,730,045 |
Tor Project Inc Seattle, WA | $4,406,515 | $7,413,548 |