Usfon Inc
- Assets
- $1.2m
- Revenue
- $732.0k
- Investments
- $0.0
- Employees
- 4
- Location
- Lockhart, TX
- Founding
- 06/2009
- Data as of
- 12/2021
- EIN
- 26-2137014
Organization Overview
Usfon Inc is located in Lockhart, TX. The organization was established in 2009. According to its NTEE Classification (Y22) the organization is classified as: Local Benevolent Life Insurance Associations, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2021, Usfon Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Usfon Inc 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 12/2021, Usfon Inc generated $732.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $642.4k during the year ending 12/2021. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE HELPED PROVIDE AFFORDABLE BROADBAND AND/OR VOICE SERVICES TO RURAL AND LOW-INCOME PERSONS OR ENTITIES, AS WELL AS TO EDUCATIONAL INSTITUTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rich Lewis CFO | 40 | $103,500 | |
Brian Dehaven President | 40 | $101,963 | |
Lowell Feldman Chairman | 6 | $0 | |
Brett Perlman Director | 2 | $0 | |
Greg Hudson Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $142,203 |
| Interest on Savings | $1,043 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $588,721 |
| Total Revenue | $731,967 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $205,463 |
| Other employee salaries and wages | $88,014 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $22,451 |
| Depreciation | $39,297 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $285,663 |
| Total operating and administrative expenses | $642,388 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $642,388 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,675 |
| Savings and temporary cash investments | $3,901 |
| Net Accounts receivable | $37,443 |
| Net Pledges Receivable | $0 |
| Grants receivable | $70,958 |
| 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 | $12,072 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $338,415 |
| Other assets | $734,027 |
| Total assets | $1,205,491 |
| Accounts payable and accrued expenses | $764 |
| 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 | $1,795,884 |
| Total liabilities | $1,796,648 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Usfon Inc has recieved totaling $56.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $56 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Brazos Sandy Creek Electric Cooperative Inc Houston, TX | $476,133,566 | $90,167,263 |
Heart Of Texas Electric Cooperative Inc Mcgregor, TX | $108,808,693 | $50,473,996 |
Orangefield Water Supply Corporation Orangefield, TX | $25,738,476 | $3,318,279 |
Creedmoor-Maha Water Supply Co-Op Inc Buda, TX | $19,735,495 | $4,359,702 |
Blackland Water Supply Corp Fate, TX | $4,691,303 | $2,323,752 |
Elmo Water Supply Corporation Elmo, TX | $2,119,290 | $882,080 |
Brushy Creek Water Supply Corp Montalba, TX | $2,997,097 | $1,042,438 |
Better Waterworks Inc Swartz, LA | $3,539,567 | $485,708 |
Eastern Cass Water Supply Corporation Bivins, TX | $4,445,285 | $567,658 |
Usfon Inc Lockhart, TX | $1,205,491 | $731,967 |
Windmill Water Supply Corporation Uvalde, TX | $1,632,658 | $400,347 |
N-E-W Carroll Water Association Kilbourne, LA | $981,756 | $568,672 |