Vernon Communications Cooperative Inc

Organization Overview

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.

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


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Board, Officers & Key Employees

Name (title)Compensation
Rodney Olson
CEO
$347,541
Garin Mayer
CEO
$167,800
Matthew Mcgarry
Director Of Operations
$135,170
Scott Haakenson
Controller
$136,118
Trudy Wallin
Director
$18,000
Terrance Jindrick
Director
$17,400

Outside Vendors & Contractors

Vendor Name (Service)Compensation
White Construction Inc
Cable Construction
$3,721,158
Sorenson Telcom Splicing Llc
Cable Splicing
$149,512
View All Vendors

Financial Statements

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

Peer Organizations

Organization NameAssets
South Slope Cooperative Telephone Company Inc
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$41,648,044
Merit Network Inc
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$33,834,611
Vernon Communications Cooperative Inc
Westby, WI
$18,047,667
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$13,598,598
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$16,908,239
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$7,984,375
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$6,374,669
Nelson Communications Cooperative
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Illnois Fiber Resources Group Nfp
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On Being Project
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La Valle Telephone Cooperative
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Lehigh Valley Co-Operative Telephone Association
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$3,317,069
Cooperative Telephone Company
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$3,221,068
Keystone Farmers Co-Op Telephone Co
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Grand Mound Cooperative Telephone Association
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$2,628,159
Springville Cooperative Telephone Association Inc
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$2,326,038
Rockwell Cooperative Telephone Association
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$2,196,047
Glasford Telephone Co
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$1,550,064
Palo Cooperative Telephone
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$1,705,029
North English Cooperative Telephone Company
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$1,026,893
Clarksville Mutual Telephone Company
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$578,458

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