Kalona Cooperative Telephone Company

Organization Overview

Kalona Cooperative Telephone Company, operating under the name Kctc, is located in Kalona, IA. The organization was established in 1951. 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, Kctc employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kctc 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, Kctc generated $8.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $8.0m during the year ending 12/2022. While expenses have increased by 9.8% 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

TO PROVIDE TELECOMMUNICATION SERVICES TO ITS MEMBERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE COOPERATIVE PROVIDES QUALITY TELECOMMUNICATION SERVICES TO ITS MEMBER SUBSCRIBERS. THESE SERVICES INCLUDE LOCAL EXCHANGE SERVICES, TOLL SERVICES, TERMINAL EQUIPMENT FOR SALE OR LEASE, INTERNET SERVICES, PCS SERVICES, INSTALL, AND MAINTENANCE OF CUSTOMER PREMISE WIRING, VIDEO SERVICES, AND OTHER MISC. SERVICES FOR QUALITY TELECOMMUNICATIONS SERVICE.


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Board, Officers & Key Employees

Name (title)Compensation
Steve Rich
Vice President
$8,287
Atlee Yoder
Secretary
$10,867
Steve Yotty
President
$8,547
Curt Wyse
Director
$9,567
Keith Troyer
Director
$6,800
Jeremy Kuenster
Director
$6,800

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Skitter Cable Tv Inc
Video Service
$923,482
Slabach Construction Company
Fiber / Duct Installation
$648,908
Calix
Ont Equipment / Services
$629,506
National Information Solutions Cooperati
Billings
$161,358
Hartco Cable Inc And Hart Enterprise
Fiber / Duct Installation
$897,702
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $36,998
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$36,998
Total Program Service Revenue$7,664,993
Investment income $155,869
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $28,978
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 $7,984,375

Peer Organizations

Organization NameAssets
Vernon Communications Cooperative Inc
Westby, WI
$18,047,667
West Central Telephone Association
Sebeka, MN
$13,598,598
Wabash Telephone Cooperative Inc
Louisville, IL
$16,908,239
Mid Century Telephone Cooperative -Inc-
Fairview, IL
$13,206,738
Telecommunication Facilities Corporation
St Louis, MO
$19,193,668
Runestone Telephone Association
Hoffman, MN
$12,390,032
Federated Telephone Cooperative
Chokio, MN
$11,447,684
Kalona Cooperative Telephone Company
Kalona, IA
$7,984,375
Richland-Grant Telephone Cooperative Inc
Blue River, WI
$6,374,669
Nelson Communications Cooperative
Durand, WI
$8,166,888
Illnois Fiber Resources Group Nfp
Sycamore, IL
$3,347,168
On Being Project
Minneapolis, MN
$1,714,730
La Valle Telephone Cooperative
La Valle, WI
$4,810,156
Emily Cooperative Telephone Company
Emily, MN
$4,462,519
Lehigh Valley Co-Operative Telephone Association
Lehigh, IA
$3,317,069
Cooperative Telephone Company
Victor, IA
$3,221,068
Keystone Farmers Co-Op Telephone Co
Keystone, IA
$2,602,559
Grand Mound Cooperative Telephone Association
Grand Mound, IA
$2,628,159
Springville Cooperative Telephone Association Inc
Springville, IA
$2,326,038
Rockwell Cooperative Telephone Association
Rockwell, IA
$2,196,047
Glasford Telephone Co
Glasford, IL
$1,550,064
Palo Cooperative Telephone
Palo, IA
$1,705,029
North English Cooperative Telephone Company
North English, IA
$1,026,893
Clarksville Mutual Telephone Company
Marshall, IL
$578,458
Minneapolis Telecommunications Network-Mtn
Minneapolis, MN
$0

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