Bascom Mutual Telephone Co
- Assets
- $15.9m
- Revenue
- $4.6m
- Investments
- $4.3m
- Employees
- 16
- Location
- Bascom, OH
- Founding
- 08/2014
- Data as of
- 12/2020
- EIN
- 34-4183110
Organization Overview
Bascom Mutual Telephone Co is located in Bascom, OH. The organization was established in 2014. 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, Bascom Mutual Telephone Co employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bascom Mutual Telephone Co 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, Bascom Mutual Telephone Co generated $4.6m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $4.1m during the year ending 12/2020. While expenses have increased by 6.1% per year over the past 5 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 PROVIDE, MAINTAIN AND EXPAND REGULATED LOCAL TELEPHONE, CABLE TV AND HIGH-SPEED INTERNET SERVICES FOR THE BENEFIT OF THE MEMBERS OF THE COOPERATIVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE, MAINTAIN AND EXPAND REGULATED LOCAL TELEPHONE, CABLE TV AND HIGH-SPEED INTERNET SERVICES FOR THE BENEFIT OF THE MEMBERS OF THE COOPERATIVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nathan Brickner Key Employee | 40 | $110,732 | |
Laura Wise Asst. Secretary/treasurer | Officer | 40 | $70,992 |
Thomas Daniel President | OfficerTrustee | 0.5 | $810 |
Connie Coppus Secretary/treasurer | OfficerTrustee | 0.8 | $810 |
Jerry Swander Vice President | OfficerTrustee | 0.8 | $560 |
David Coppus Trustee | Trustee | 0.5 | $560 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $207,438 |
| 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 | $207,438 |
| Total Program Service Revenue | $3,988,098 |
| Investment income | $365,827 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $67,384 |
| 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 | $4,629,697 |
| 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 | $243,420 |
| Compensation of current officers, directors, key employees. | $181,724 |
| 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 | $11,125 |
| Fees for services: Accounting | $71,092 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $77,164 |
| Office expenses | $8,246 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,900 |
| Travel | $0 |
| 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 | $704,580 |
| Insurance | $0 |
| All other expenses | $540,385 |
| Total functional expenses | $4,102,462 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,235,810 |
| Savings and temporary cash investments | $2,366,295 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $570,384 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,205 |
| Prepaid expenses and deferred charges | $70,629 |
| Net Land, buildings, and equipment | $7,098,156 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $4,280,289 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $290,262 |
| Total assets | $15,916,030 |
| Accounts payable and accrued expenses | $1,661,785 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,661,785 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $33,720 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $14,220,525 |
| Total liabilities and net assets/fund balances | $15,916,030 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Keystone Initiative For Network Based Education & Research Lititz, PA | $86,518,752 | $6,204,433 |
Daviess-Martin County Rural Telephone Corporation Montgomery, IN | $38,835,355 | $7,744,077 |
Wabash Mutual Telephone Co Celina, OH | $16,675,060 | $7,819,409 |
Bascom Mutual Telephone Co Bascom, OH | $15,916,030 | $4,629,697 |
Spruce Knob Seneca Rocks Telephone Inc Riverton, WV | $9,084,789 | $3,420,037 |
Cable Co-Op Oberlin, OH | $1,941,667 | $2,843,130 |
Indiana Telephone Relay Access Corp For The Hearing & Speech Impaired Indianapolis, IN | $10,657,084 | $3,011,868 |
Sherwood Mutual Telephone Association Inc Sherwood, OH | $15,105,947 | $2,980,166 |
Arthur Mutual Telephone Company Defiance, OH | $7,781,591 | $1,998,946 |
Ottoville Mutual Telephone Co Ottoville, OH | $9,758,919 | $1,798,119 |
Farmers Mutual Telephone Company Okolona, OH | $3,438,838 | $963,125 |
I-Man Inc Angola, IN | $0 | $297 |