Cable Co-Op
- Assets
- $1.9m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 7
- Location
- Oberlin, OH
- Founding
- 05/1987
- Data as of
- 06/2022
- EIN
- 34-1544902
Organization Overview
Cable Co-Op is located in Oberlin, OH. The organization was established in 1987. 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 06/2022, Cable Co-Op employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cable Co-Op 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 06/2022, Cable Co-Op generated $2.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $2.4m during the year ending 06/2022. While expenses have increased by 3.3% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING CO-OPERATIVE MEMBERS WITH CABLE AND INTERNET SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE CABLE AND INTERNET SERVICES TO MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Memmott President | OfficerTrustee | 5 | $0 |
Tom Lopez Vice-President | OfficerTrustee | 5 | $0 |
Gerry Findlan Secretary | OfficerTrustee | 5 | $0 |
Chris Mason Treasurer | OfficerTrustee | 5 | $0 |
Martin Buck Trustee | Trustee | 5 | $0 |
Eric Gaines Trustee | Trustee | 5 | $0 |
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 | $2,843,040 |
| Investment income | $90 |
| 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 | $2,843,130 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $433,629 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $117,178 |
| Payroll taxes | $40,504 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $31,262 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,889 |
| Office expenses | $34,072 |
| Information technology | $27,366 |
| Royalties | $52,836 |
| Occupancy | $80,379 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $16,191 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $203,276 |
| Insurance | $63,942 |
| All other expenses | $0 |
| Total functional expenses | $2,426,883 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $180,432 |
| Savings and temporary cash investments | $440,115 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $120,011 |
| 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 | $3,153 |
| Net Land, buildings, and equipment | $1,192,956 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,000 |
| Total assets | $1,941,667 |
| Accounts payable and accrued expenses | $200,186 |
| 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 | $159,610 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $359,796 |
| Net assets without donor restrictions | $1,581,871 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,941,667 |
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