Clarksville Mutual Telephone Company
- Assets
- $3.3m
- Revenue
- $559.4k
- Investments
- $7.5k
- Employees
- 2
- Location
- Marshall, IL
- Founding
- 02/1963
- Data as of
- 10/2021
- EIN
- 37-0655412
Organization Overview
Clarksville Mutual Telephone Company is located in Marshall, IL. The organization was established in 1963. 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 10/2021, Clarksville Mutual Telephone Company employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clarksville Mutual Telephone Company 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 10/2021, Clarksville Mutual Telephone Company generated $559.4k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.8% each year . All expenses for the organization totaled $293.1k during the year ending 10/2021. While expenses have increased by 2.0% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
MUTUAL TELEPHONE COMMUNICATIONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING TELEPHONE SERVICE TO OVER 200 MEMBERS, INCLUDING LONG DISTANCE AND INTERNET ACCESS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce Trefz Vice Preside | OfficerTrustee | 0.5 | $0 |
John Goekler President | OfficerTrustee | 2 | $0 |
John Buckner Director | Trustee | 0.5 | $0 |
David Wallace Director | Trustee | 0.5 | $0 |
Allen Walters Director | Trustee | 0.5 | $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 | $549,019 |
| Investment income | $10,392 |
| 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 | $559,411 |
| 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 | $69,314 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,256 |
| Fees for services: Management | $7,091 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,003 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,298 |
| Advertising and promotion | $0 |
| Office expenses | $1,460 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,833 |
| 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 | $63,851 |
| Insurance | $10,864 |
| All other expenses | $5,977 |
| Total functional expenses | $293,103 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $482,961 |
| Savings and temporary cash investments | $2,133,897 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $665,749 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $7,500 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,290,107 |
| Accounts payable and accrued expenses | $1,344 |
| 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 | $7,713 |
| Total liabilities | $9,057 |
| Net assets without donor restrictions | $3,281,050 |
| 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 | $3,290,107 |
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| Organization Name | Assets | Revenue |
|---|---|---|
Hancock Rural Telephone Corporation Greenfield, IN | $147,768,424 | $51,230,558 |
South Slope Cooperative Telephone Company Inc North Liberty, IA | $103,327,478 | $39,258,245 |
Foothills Rural Telephone Cooperative Corp Inc Staffordsville, KY | $122,987,128 | $34,205,893 |
Mountain Rural Telephone Cooperative Corporation West Liberty, KY | $142,216,155 | $30,956,573 |
Peoples Rural Telephone Cooperative Corporation Inc Mckee, KY | $99,458,138 | $24,354,512 |
Vernon Communications Cooperative Inc Westby, WI | $43,756,692 | $18,296,533 |
Telecommunication Facilities Corporation St Louis, MO | $37,705,343 | $20,079,070 |
Wabash Telephone Cooperative Inc Louisville, IL | $76,292,242 | $16,908,239 |
Mid Century Telephone Cooperative -Inc- Fairview, IL | $76,982,945 | $10,851,505 |
Kalona Cooperative Telephone Company Kalona, IA | $16,733,268 | $7,276,052 |
Daviess-Martin County Rural Telephone Corporation Montgomery, IN | $38,835,355 | $7,744,077 |
Nelson Communications Cooperative Durand, WI | $35,266,110 | $8,238,356 |