Richland-Grant Telephone Cooperative Inc
- Assets
- $18.7m
- Revenue
- $6.4m
- Investments
- $557.3k
- Employees
- 14
- Location
- Blue River, WI
- Founding
- 02/1961
- Data as of
- 12/2016
- EIN
- 39-0866595
Organization Overview
Richland-Grant Telephone Cooperative Inc is located in Blue River, 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 12/2016, Richland-Grant Telephone Cooperative Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Richland-Grant Telephone 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 12/2016, Richland-Grant Telephone Cooperative Inc generated $6.4m in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $6.0m during the year ending 12/2016. While expenses have increased by 6.4% per year over the past 2 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
2016
Describe the Organization's Mission:
Part 3 - Line 1
IT SHALL BE THE AIM OF THE RICHLAND-GRANT TELEPHONE COOPERATIVE, INC TO PROVIDE DEPENDABLE, AREA-WIDE TELEPHONE SERVICE ON THE COOPERATIVE PLAN AND AT THE LOWEST COST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TELEPHONE SERVICE TO 1,880 ACCESS LINES AND RELATED SERVICES
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry D Jewell President | Trustee | 1 | $3,830 |
Terry O'donnell Director | Trustee | 1 | $1,500 |
Bryon D Hillberry Secretary | Trustee | 1 | $1,750 |
Greg L Kinney Director | Trustee | 1 | $2,070 |
Donald L Olson Director | Trustee | 1 | $3,385 |
Robert L Olson Director | Trustee | 1 | $3,705 |
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 | $5,219,541 |
| Investment income | $94,792 |
| 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 | $6,374,669 |
| 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 | $254,445 |
| Compensation of current officers, directors, key employees. | $167,280 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $701,761 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,627 |
| Fees for services: Accounting | $50,431 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $11,732 |
| Office expenses | $0 |
| Information technology | $346 |
| 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 | $345,811 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,397,371 |
| Insurance | $0 |
| All other expenses | $265,088 |
| Total functional expenses | $6,021,467 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,138,301 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $263,386 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $228,933 |
| Prepaid expenses and deferred charges | $36,351 |
| Net Land, buildings, and equipment | $16,192,367 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $557,343 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $329,378 |
| Total assets | $18,746,059 |
| Accounts payable and accrued expenses | $777,077 |
| 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 | $10,911,381 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $11,688,458 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $7,057,601 |