Washington County Rural Telephone Cooperative Inc
- Assets
- $29.7m
- Revenue
- $6.1m
- Investments
- $207.7k
- Employees
- 16
- Location
- Pekin, IN
- Founding
- 12/1965
- Data as of
- 06/2022
- EIN
- 35-0916880
Organization Overview
Washington County Rural Telephone Cooperative Inc, operating under the name 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 06/2022, Tele-Media Solutions employed 16 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 06/2022, Tele-Media Solutions generated $6.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $5.3m during the year ending 06/2022. While expenses have increased by 2.4% 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
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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roland K King President | OfficerTrustee | 1.5 | $6,150 |
David E Souder Director | Trustee | 1 | $5,050 |
Thomas K Gray Director | Trustee | 1 | $4,975 |
John A Hoke Vice President | OfficerTrustee | 1 | $5,675 |
David C Gottbrath Director | Trustee | 1 | $5,425 |
Kevin J Akers Director | Trustee | 1 | $5,325 |
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 | |
|---|---|
| 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 | $6,039,815 |
| Investment income | $26,624 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $42,812 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,091,472 |
| 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. | $38,675 |
| 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 | $25,421 |
| Fees for services: Accounting | $63,310 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $63,268 |
| Office expenses | $8,948 |
| 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 | $19,252 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,794,228 |
| Insurance | $0 |
| All other expenses | $381,871 |
| Total functional expenses | $5,346,520 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,035,999 |
| Savings and temporary cash investments | $923,171 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $26,981 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $826,853 |
| Prepaid expenses and deferred charges | $93,485 |
| Net Land, buildings, and equipment | $19,038,148 |
| Investments—publicly traded securities | $223,560 |
| Investments—other securities | $207,666 |
| Investments—program-related | $84,882 |
| Intangible assets | $16,164 |
| Other assets | $5,245,956 |
| Total assets | $29,722,865 |
| Accounts payable and accrued expenses | $3,655,026 |
| Grants payable | $0 |
| Deferred revenue | $2,170,823 |
| 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 | $9,423,478 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $15,249,327 |
| 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 | $14,473,538 |
| Total liabilities and net assets/fund balances | $29,722,865 |