Nelson Communications Cooperative
- Assets
- $35.3m
- Revenue
- $8.2m
- Investments
- $7.0m
- Employees
- 16
- Location
- Durand, WI
- Founding
- 07/1961
- Data as of
- 12/2021
- 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 12/2021, Nelson Communications Cooperative employed 16 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 12/2021, Nelson Communications Cooperative generated $8.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $6.3m during the year ending 12/2021. 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
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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christy Berger General Mana | Officer | 40 | $439,148 |
Laura Gullickson Cfo/current | Officer | 40 | $164,008 |
Matt Hoyt Plant Manage | Officer | 40 | $119,230 |
Stanley Winsand Vice-Preside | Trustee | 5 | $32,621 |
Bruce Lindstrom Secretary/tr | Trustee | 5 | $30,121 |
Michael Hayden Director | Trustee | 5 | $29,753 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Interstate Telcom Consulting Inc Consulting | 12/30/20 | $118,905 |
Tjader & Highstrom Construction | 12/30/20 | $165,114 |
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 | $5,776,197 |
| Investment income | $368,227 |
| 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 | $8,238,356 |
| 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 | $161,211 |
| Compensation of current officers, directors, key employees. | $1,003,187 |
| 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 | $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 | $46,360 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,164,731 |
| Insurance | $0 |
| All other expenses | $361,912 |
| Total functional expenses | $6,259,945 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $201,586 |
| Savings and temporary cash investments | $14,131,992 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $398,167 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $67,709 |
| Prepaid expenses and deferred charges | $23,675 |
| Net Land, buildings, and equipment | $10,915,633 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $7,007,041 |
| Investments—program-related | $277,980 |
| Intangible assets | $0 |
| Other assets | $2,242,327 |
| Total assets | $35,266,110 |
| Accounts payable and accrued expenses | $228,646 |
| 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 | $3,982,797 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,448,217 |
| Total liabilities | $5,659,660 |
| 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 | $29,597,861 |
| Total liabilities and net assets/fund balances | $35,266,110 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Vernon Communications Cooperative Inc Westby, WI | $43,756,692 | $18,296,533 |
Wabash Telephone Cooperative Inc Louisville, IL | $76,292,242 | $16,908,239 |
West Central Telephone Association Sebeka, MN | $34,025,496 | $12,330,279 |
Mid Century Telephone Cooperative -Inc- Fairview, IL | $76,982,945 | $10,851,505 |
Runestone Telephone Association Hoffman, MN | $32,214,901 | $11,495,965 |
Kalona Cooperative Telephone Company Kalona, IA | $16,733,268 | $7,276,052 |
Nelson Communications Cooperative Durand, WI | $35,266,110 | $8,238,356 |
Richland-Grant Telephone Cooperative Inc Blue River, WI | $18,746,059 | $6,374,669 |
Illnois Fiber Resources Group Nfp Sycamore, IL | $36,396,135 | $3,347,168 |
La Valle Telephone Cooperative La Valle, WI | $13,091,792 | $4,810,156 |
On Being Project Minneapolis, MN | $6,237,366 | $6,582,457 |
Emily Cooperative Telephone Company Emily, MN | $11,451,551 | $4,355,246 |