Hancock Rural Telephone Corporation

Organization Overview

Hancock Rural Telephone Corporation, operating under the name Ninestar Connect, is located in Greenfield, IN. The organization was established in 1962. 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 12/2018, Ninestar Connect employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ninestar Connect 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 12/2019, Ninestar Connect generated $51.2m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $47.8m during the year ending 12/2019. While expenses have increased by 2.3% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2019

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDING SUPERIOR ELECTRIC AND VARIOUS TELECOMMUNICATION PRODUCTS AND SERVICES TO OUR CUSTOMERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDE VARIOUS ELECTRIC, TELECOMMUNICATIONS, WATER, AND SEWER PRODUCTS AND SERVICES TO COOPERATIVE CUSTOMERS IN A 8-COUNTY AREA OF EAST CENTRAL INDIANA. AS OF DECEMBER 31, 2018, THE NUMBER OF ELECTRIC SERVICES TOTALED 15,396, THE NUMBER OF TELECOMMUNICATIONS ACCESS LINES TOTALED 5,410, THE NUMBER OF BROADBAND CUSTOMERS TOTALED 7,858 AND THE NUMBER OF WATER AND SEWER CUSTOMERS TOTALED 171.


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Board, Officers & Key Employees

Name (title)Compensation
Mike Burrow
President
$277,412
Scott Hiatt
CFO
$189,956
Regina Bever
VP Of Administration
$145,054
Jeff Conley
VP Of Operations
$143,142
Ross Ferson
Chief Technology Officer
$139,465
Jamie Bell
Operations Director
$120,007

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Electricom Llc
Contract Labor And Materials
$1,346,378
5 Star Electric Llc
Contract Labor And Materials
$766,738
Hendricks Power Coop
Contract Labor - Locates
$428,500
Indiana Excavating Services
Contract Labor
$273,690
Yates Engineering Services
Engineering Services
$196,280
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$0
Investment income $494,126
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $6,225
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 $51,230,558

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