California Broadband Cooperative Inc
- Assets
- $71.8m
- Revenue
- $5.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Rancho Cucamonga, CA
- Founding
- 04/2011
- Data as of
- 06/2021
- EIN
- 27-0531963
Organization Overview
California Broadband Cooperative Inc is located in Rancho Cucamonga, CA. The organization was established in 2011. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. California Broadband 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 06/2021, California Broadband Cooperative Inc generated $5.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $10.2m during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
OWNING AND OPERATING A BROADBAND NETWORK IN THE EASTERN SIERRA REGION OF CALIFORNIA AND NEVADA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OWNING AND OPERATING A BROADBAND NETWORK IN THE EASTERN SIERRA REGION OF CALIFORNIA AND NEVADA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Ort COO | OfficerTrustee | 20 | $6,000 |
Robert Volker Secretary & CEO | OfficerTrustee | 20 | $6,000 |
James Suver Director | Trustee | 1 | $6,000 |
Nicolas Keeler Director | Trustee | 20 | $6,000 |
Joseph Griego Director | Trustee | 1 | $6,000 |
Justin Speake Director | Trustee | 1 | $6,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $5,192,769 |
| Investment income | $0 |
| 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 | $5,192,769 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $65,000 |
| 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 | $110,760 |
| Fees for services: Accounting | $114,730 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,035,961 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $316,449 |
| Travel | $770 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,696,263 |
| Insurance | $57,767 |
| All other expenses | $197,142 |
| Total functional expenses | $10,247,939 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $966,353 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,203,685 |
| Loans from Officers, Directors, or Controlling Persons | $316,357 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $13,746 |
| Net Land, buildings, and equipment | $69,326,467 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $71,826,608 |
| Accounts payable and accrued expenses | $140,305 |
| Grants payable | $0 |
| Deferred revenue | $6,912,839 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $360,320 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $317,575 |
| Total liabilities | $7,731,039 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $64,095,569 |
| Total liabilities and net assets/fund balances | $71,826,608 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
West Oregon Electric Cooperative Inc Vernonia, OR | $37,052,539 | $12,428,544 |
California Broadband Cooperative Inc Rancho Cucamonga, CA | $71,826,608 | $5,192,769 |
Arroyo Pasajero Mutual Water Company Bakersfield, CA | $489,398 | $3,517,119 |
Mil Potrero Mutual Water Co Frazier Park, CA | $4,033,045 | $1,610,491 |
California Rural Water Rma Sacramento, CA | $496,053 | $1,637,541 |
Kunia Water Association Inc Kapolei, HI | $798,655 | $1,052,176 |
California Carbon Capture Coalition San Rafael, CA | $0 | $525,296 |
Howell Mountain Mutual Water Company Angwin, CA | $2,512,114 | $706,971 |
130 Regional Water Sypply Corporation Phoenix, AZ | $4,164,078 | $679,483 |
Little Potato Slough Mutual Water Company Lodi, CA | $658,705 | $587,385 |
Barlow Water District Tygh Valley, OR | $2,492,884 | $420,965 |
Santa Cruz Summit West Inc Los Gatos, CA | $256,457 | $436,619 |