Tele-Media Solutions
- Assets
- $15.2m
- Revenue
- $5.7m
- Investments
- $2.5m
- Employees
- 17
- Location
- Pekin, IN
- Founding
- 12/1965
- Data as of
- 06/2020
- EIN
- 35-0916880
Organization Overview
Tele-Media Solutions is located in Pekin, IN. The organization was established in 1965. 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 06/2020, Tele-Media Solutions employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tele-Media Solutions 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 06/2020, Tele-Media Solutions generated $5.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $5.1m during the year ending 06/2020. While expenses have increased by 2.1% per year over the past 6 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
THE CORPORATION PROVIDES TELECOMMUNICATION SERVICES TO ITS PATRONS ON A NON-PROFIT BASIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COMPANY PROVIDES TELECOMMUNICATION SERVICES INCLUDING INTERNET TO APPROXIMATELY 2,500 PATRONS ON A NON-PROFIT BASIS.
THE COMPANY PROVIDES TELECOMMUNICATION SERVICES INCLUDING INTERNET TO APPROXIMATELY 2,500 PATRONS ON A NON-PROFIT BASIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael K Harian General Manager | 40 | $157,590 | |
Sara M Morris Controller | 40 | $134,563 | |
David E Souder Director | Trustee | 1 | $3,525 |
John A Hoke Director | Trustee | 1 | $3,525 |
Thomas K Gray Director | Trustee | 1 | $3,400 |
David C Gottbrath Vice President | OfficerTrustee | 1 | $3,325 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Electricom Engineering/consulting | 6/29/19 | $421,495 |
Endeavor Communications Engineering/consulting | 6/29/19 | $156,387 |
Vantage Point Engineering/consulting | 6/29/19 | $121,859 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $45,312 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$6,595 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,699,171 |
| Statement of Expenses | |
|---|---|
| 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. | $342,423 |
| 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 | $17,496 |
| Fees for services: Accounting | $52,705 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $75,055 |
| Office expenses | $19,934 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $22,374 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,541,017 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $5,116,990 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $519,101 |
| Savings and temporary cash investments | $778,781 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $296,978 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $310,510 |
| Prepaid expenses and deferred charges | $123,815 |
| Investments—publicly traded securities | $333,124 |
| Investments—other securities | $2,453,551 |
| Investments—program-related | $0 |
| Intangible assets | $16,096 |
| Other assets | $3,667,467 |
| Total assets | $15,249,917 |
| Accounts payable and accrued expenses | $1,108,984 |
| Grants payable | $0 |
| Deferred revenue | $228,145 |
| 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 | $1,487,252 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,824,381 |
| 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 |
| Total liabilities and net assets/fund balances | $12,425,536 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Heartland Rural Electric Membership Corporation Markle, IN | $157,490,377 | $23,868,084 |
Fulton County Rural Electric Membership Corporation Rochester, IN | $29,622,941 | $14,789,521 |
Tele-Media Solutions Pekin, IN | $15,249,917 | $5,699,171 |
Mulberry Cooperative Telephone Company Incorporated Mulberry, IN | $26,134,752 | $5,202,012 |
West Laurel Water Association London, KY | $7,194,602 | $2,712,671 |
Gateway Regional Water Company Inc Sandoval, IL | $15,996,630 | $1,950,229 |
Kentucky School Boards Insurance Trust Frankfort, KY | $9,762,236 | $6,954,916 |
East Daviess County Water Association Inc Philpot, KY | $8,177,247 | $1,911,945 |
East Washington Rural Water Corporation Salem, IN | $8,682,165 | $2,067,684 |
Western Wayne Water District Wayne City, IL | $8,626,198 | $1,059,385 |
Kirksville Water Association Richmond, KY | $4,878,304 | $2,383,613 |
Illinois Life & Health Insurance Council Springfield, IL | $1,068,596 | $787,527 |