Rockwell Cooperative Telephone Association
- Assets
- $18.4m
- Revenue
- $2.2m
- Investments
- $5.4m
- Employees
- 7
- Location
- Rockwell, IA
- Founding
- 12/1965
- Data as of
- 12/2023
- EIN
- 42-0628077
Organization Overview
Rockwell Cooperative Telephone Association is located in Rockwell, IA. The organization was established in 1965. 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 12/2023, Rockwell Cooperative Telephone Association employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rockwell Cooperative Telephone Association 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE TELECOMMUNICATIONS SERVICE TO ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ROCKWELL COOPERATIVE TELEPHONE ASSOCIATION PROVIDES COMMUNICATION SERVICES TO ITS MEMBERS ON A NON-PROFIT COOPERATIVE BASIS.
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 |
|---|---|---|---|
David Severin General Manager | OfficerTrustee | 40 | $137,000 |
Todd Robeoltman President | OfficerTrustee | 1 | $1,350 |
Rick Pearce Vice-President | OfficerTrustee | 1 | $1,350 |
Joseph Staudt Secretary-Treasurer | OfficerTrustee | 1 | $1,350 |
Tom Gauley Director | Trustee | 1 | $1,000 |
Brian Hess Director | Trustee | 1 | $1,150 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
La Pointe Utilities Fiber Installation | 12/30/23 | $4,467,971 |
Huntel Engineering Engineering | 12/30/23 | $582,501 |
Goldfield Telecom Lc Fiber Electronics | 12/30/23 | $171,229 |
Cutts Communications Inc Fiber Splicing | 12/30/23 | $117,870 |
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 | $1,693,073 |
| Investment income | $85,904 |
| 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 | $2,196,047 |
| 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 | $150,000 |
| Compensation of current officers, directors, key employees. | $156,188 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $38,295 |
| Other employee benefits | $15,280 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,841 |
| 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 | $32,395 |
| 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 | $92,967 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $436,812 |
| Insurance | $0 |
| All other expenses | $168,279 |
| Total functional expenses | $1,969,912 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $97,715 |
| Savings and temporary cash investments | $34,016 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $48,993 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $97,968 |
| Prepaid expenses and deferred charges | $27,792 |
| Net Land, buildings, and equipment | $7,687,846 |
| Investments—publicly traded securities | $291,434 |
| Investments—other securities | $5,444,603 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,699,983 |
| Total assets | $18,430,350 |
| Accounts payable and accrued expenses | $972,026 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,421,140 |
| Total liabilities | $7,393,166 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $13,560 |
| Paid-in or capital surplus, or land, building, or equipment fund | $6,107,069 |
| Retained earnings, endowment, accumulated income, or other funds | $4,916,555 |
| Total liabilities and net assets/fund balances | $18,430,350 |