Nelson Communications Cooperative
- Assets
- $37.8m
- Revenue
- $8.2m
- Investments
- $7.4m
- Employees
- 18
- Location
- Durand, WI
- Founding
- 07/1961
- Data as of
- 12/2022
- EIN
- 39-0790115
Organization Overview
Nelson Communications Cooperative is located in Durand, WI. The organization was established in 1961. 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 12/2022, Nelson Communications Cooperative employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nelson Communications Cooperative 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 12/2022, Nelson Communications Cooperative generated $8.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $6.0m during the year ending 12/2022. 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
TO PROVIDE ITS MEMBERS TELECOMMUNICATIONS SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED TELECOMMUNICATIONS SERVICES TO ITS MEMBER SUBSCRIBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christy Berger Former Gener | 0 | $219,657 | |
Laura Gullickson General Mana | Officer | 40 | $224,335 |
Matt Hoyt Plant Manage | Officer | 40 | $129,402 |
Stanley Winsand Director | Trustee | 5 | $36,731 |
Bruce Lindstrom President | Trustee | 5 | $36,231 |
Michael Hayden Director | Trustee | 5 | $34,063 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tjader & Highstrom Construction | 12/30/22 | $981,970 |
Kohnen Underground Utilities Inc Fiber Locating | 12/30/22 | $146,677 |
Interstate Telecom Consulting Inc Consulting | 12/30/22 | $131,179 |
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 | $5,482,215 |
| Investment income | $332,149 |
| 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 | $8,166,888 |
| 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 | $164,803 |
| Compensation of current officers, directors, key employees. | $570,954 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $241,475 |
| 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 | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $57,834 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,911,114 |
| Insurance | $0 |
| All other expenses | $297,314 |
| Total functional expenses | $6,006,050 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $182,507 |
| Savings and temporary cash investments | $14,897,539 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $697,783 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $139,152 |
| Prepaid expenses and deferred charges | $19,090 |
| Net Land, buildings, and equipment | $12,261,264 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $7,436,600 |
| Investments—program-related | $277,980 |
| Intangible assets | $0 |
| Other assets | $1,886,602 |
| Total assets | $37,798,517 |
| Accounts payable and accrued expenses | $1,785,840 |
| 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 | $3,996,989 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,393,592 |
| Total liabilities | $7,176,421 |
| 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 | $8,589 |
| Retained earnings, endowment, accumulated income, or other funds | $30,613,507 |
| Total liabilities and net assets/fund balances | $37,798,517 |