Federated Telephone Cooperative
- Assets
- $49.0m
- Revenue
- $11.4m
- Investments
- $1.3m
- Employees
- 0
- Location
- Chokio, MN
- Founding
- 03/1959
- Data as of
- 12/2022
- EIN
- 41-0747884
Organization Overview
Federated Telephone Cooperative is located in Chokio, MN. The organization was established in 1959. According to its NTEE Classification (W50) the organization is classified as: Telecommunications, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Federated Telephone 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE THE BEST COMMUNICATIONS SERVICES AT A FAIR PRICE
Describe the Organization's Program Activity:
Part 3 - Line 4a
THROUGH TECHNOLOGY LEADERSHIP, SMART GROWTH, AND COMMUNITY ENGAGEMENT, OUR COOPERATIVE DEMONSTRATES EXTRAORDINARY FOCUS TO POSITIVELY TRANSFORM THOSE WE SERVE, OUR 4,899 MEMBERS. FEDERATED EMPOWERS OUR MEMBERS, EMPLOYEES AND COMMUNITIES THROUGH EXCEPTIONAL SERVICES AND LIFE CHANGING TECHNOLOGY SOLUTIONS FOR A SUSTAINABLE FUTURE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Smith President | OfficerTrustee | 1 | $12,400 |
Nancy Taffe Vice President | OfficerTrustee | 1 | $12,800 |
Tim Danielson Secretary/treasurer | OfficerTrustee | 1 | $13,000 |
Lucas Deneui Director | Trustee | 1 | $12,400 |
Lynn Swenson Director | Trustee | 1 | $12,200 |
Jon Hanson Director | Trustee | 1 | $12,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
J Carlson Services Inc Outside Plant Construction | 12/30/22 | $1,845,913 |
Calix Inc Electronics To Connect Network | 12/30/22 | $625,680 |
Cooperative Network Services Engineering Services | 12/30/22 | $198,245 |
Cci Systems Electronics | 12/30/22 | $136,060 |
National Information Solutions Cooperati Billing Services | 12/30/22 | $189,370 |
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 | $11,218,123 |
| Investment income | $542,753 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $226,501 |
| Net Gain/Loss on Asset Sales | -$539,693 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,447,684 |
| 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 | $2,163,364 |
| Compensation of current officers, directors, key employees. | $87,200 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $316,473 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,950 |
| Fees for services: Accounting | $263,864 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $74,993 |
| Fees for services: Other | $0 |
| Advertising and promotion | $124,851 |
| 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 | $340,152 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,970,110 |
| Insurance | $0 |
| All other expenses | -$893,430 |
| Total functional expenses | $8,234,022 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,372,474 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $940,034 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $136,836 |
| Inventories for sale or use | $61,912 |
| Prepaid expenses and deferred charges | $231,491 |
| Net Land, buildings, and equipment | $13,945,914 |
| Investments—publicly traded securities | $26,963,187 |
| Investments—other securities | $1,320,867 |
| Investments—program-related | $0 |
| Intangible assets | $7,513 |
| Other assets | $3,994,793 |
| Total assets | $48,975,021 |
| Accounts payable and accrued expenses | $943,990 |
| Grants payable | $0 |
| Deferred revenue | $151,714 |
| 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 | $9,980,530 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $866,434 |
| Total liabilities | $11,942,668 |
| 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 | $21,636,367 |
| Retained earnings, endowment, accumulated income, or other funds | $15,395,986 |
| Total liabilities and net assets/fund balances | $48,975,021 |