Vernon Communications Cooperative Inc is located in Westby, 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, Vernon Communications Cooperative Inc employed 46 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vernon Communications Cooperative Inc 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, Vernon Communications Cooperative Inc generated $18.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $18.0m during the year ending 12/2022. While expenses have increased by 3.5% 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
OUR GOAL IS TO BE THE BEST COMMUNICATIONS PROVIDER POSSIBLE AND PROMOTE ECONOMIC DEVELOPMENT IN OUR COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TELEPHONE AND RELATED TELECOMMUNICATIONS SERVICES TO 5,335 ACCESS LINES.
BROADBAND INTERNET ACCESS TO 8,013 SUBSCRIBERS.
STREAMING AND IP TELEVISION SERVICES TO 3,540 SUBSCRIBERS
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Rodney Olson CEO | Officer | 40 | $347,541 |
Garin Mayer CEO | Officer | 40 | $167,800 |
Matthew Mcgarry Director Of Operations | 40 | $135,170 | |
Scott Haakenson Controller | 40 | $136,118 | |
Trudy Wallin Director | OfficerTrustee | 4.6 | $18,000 |
Terrance Jindrick Director | Trustee | 4.3 | $17,400 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
White Construction Inc Cable Construction | 12/30/22 | $3,721,158 |
Sorenson Telcom Splicing Llc Cable Splicing | 12/30/22 | $149,512 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $67,191 |
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 | $67,191 |
Total Program Service Revenue | $17,474,363 |
Investment income | $87,427 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $53,391 |
Net Gain/Loss on Asset Sales | -$17,863 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $18,047,667 |
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 | $2,379,252 |
Compensation of current officers, directors, key employees. | $753,595 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $2,218,274 |
Pension plan accruals and contributions | $52,723 |
Other employee benefits | $525,857 |
Payroll taxes | $204,915 |
Fees for services: Management | $0 |
Fees for services: Legal | $16,028 |
Fees for services: Accounting | $88,562 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $61,706 |
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 | $685,501 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $3,065,327 |
Insurance | $0 |
All other expenses | $1,376,438 |
Total functional expenses | $17,984,015 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $4,672,102 |
Savings and temporary cash investments | $726,832 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $2,164,857 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $863,379 |
Prepaid expenses and deferred charges | $738,949 |
Net Land, buildings, and equipment | $39,639,338 |
Investments—publicly traded securities | $1,971,475 |
Investments—other securities | $829,468 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $51,606,400 |
Accounts payable and accrued expenses | $3,229,728 |
Grants payable | $0 |
Deferred revenue | $5,397,678 |
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 | $17,035,713 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $712,377 |
Total liabilities | $26,375,496 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $25,360 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $25,205,544 |
Total liabilities and net assets/fund balances | $51,606,400 |