Lehigh Valley Co-Operative Telephone Association
- Assets
- $19.3m
- Revenue
- $3.3m
- Investments
- $95.6k
- Employees
- 9
- Location
- Lehigh, IA
- Founding
- 10/1957
- Data as of
- 12/2017
- EIN
- 42-0724379
Organization Overview
Lehigh Valley Co-Operative Telephone Association is located in Lehigh, IA. The organization was established in 1957. 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 12/2017, Lehigh Valley Co-Operative Telephone Association employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lehigh Valley Co-Operative 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
2017
Describe the Organization's Mission:
Part 3 - Line 1
LEHIGH VALLEY COOP TELEPHONE ASSN. PROVIDES COMMUNICATION SERVICES TO ITS MEMBERS ON A NON-PROFIT COOPERATIVE BASIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEHIGH VALLEY COOP TELEPHONE ASSN. PROVIDES COMMUNICATION SERVICES TO ITS MEMBERS ON A NON-PROFIT COOPERATIVE BASIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Suchan Manager/ceo | Officer | 40 | $150,039 |
Brian Lambert Vice President | OfficerTrustee | 1 | $2,600 |
Kenneth Sanders President | OfficerTrustee | 1 | $2,600 |
Mark Lundgren Director | Trustee | 1 | $2,600 |
James Hay Secretary/treasurer | OfficerTrustee | 1 | $2,400 |
John Flickinger Director | Trustee | 1 | $2,400 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Calix Networks Tranport Equip/premise Equip | 12/30/17 | $217,175 |
Olsen Thielen & Co Auditors/tax Consultant | 12/30/17 | $141,281 |
Riley Armstrong Plumbing Hvac Equip Replacement | 12/30/17 | $106,950 |
Aureon Network Services Toll/internet/email/video | 12/30/17 | $222,189 |
View All Vendors
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 | $3,114,142 |
| Investment income | $193,442 |
| Tax Exempt Bond Proceeds | $28,465 |
| Royalties | $0 |
| Net Rental Income | $27,694 |
| Net Gain/Loss on Asset Sales | -$52,891 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,317,069 |
| 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 | $200,000 |
| Compensation of current officers, directors, key employees. | $181,735 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $51,085 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,432 |
| Fees for services: Accounting | $207,278 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $18,804 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| 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 | $53,429 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $889,074 |
| Insurance | $0 |
| All other expenses | $161,185 |
| Total functional expenses | $3,540,359 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,690 |
| Savings and temporary cash investments | $108,414 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $115,403 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $58,078 |
| Prepaid expenses and deferred charges | $63,256 |
| Net Land, buildings, and equipment | $6,639,578 |
| Investments—publicly traded securities | $11,607,558 |
| Investments—other securities | $95,554 |
| Investments—program-related | $0 |
| Intangible assets | $422,964 |
| Other assets | $158,513 |
| Total assets | $19,306,008 |
| Accounts payable and accrued expenses | $98,296 |
| 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 | $1,104,661 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $511,507 |
| Total liabilities | $1,714,464 |
| 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 | $17,591,544 |
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|---|---|---|
Vernon Communications Cooperative Inc Westby, WI | $43,756,692 | $18,296,533 |
Telecommunication Facilities Corporation St Louis, MO | $37,705,343 | $20,079,070 |
Wabash Telephone Cooperative Inc Louisville, IL | $76,292,242 | $16,908,239 |
West Central Telephone Association Sebeka, MN | $34,025,496 | $12,330,279 |
Mid Century Telephone Cooperative -Inc- Fairview, IL | $76,982,945 | $10,851,505 |
Runestone Telephone Association Hoffman, MN | $32,214,901 | $11,495,965 |
Kalona Cooperative Telephone Company Kalona, IA | $16,733,268 | $7,276,052 |
Nelson Communications Cooperative Durand, WI | $35,266,110 | $8,238,356 |
Richland-Grant Telephone Cooperative Inc Blue River, WI | $18,746,059 | $6,374,669 |
Illnois Fiber Resources Group Nfp Sycamore, IL | $36,396,135 | $3,347,168 |
La Valle Telephone Cooperative La Valle, WI | $13,091,792 | $4,810,156 |
On Being Project Minneapolis, MN | $6,237,366 | $6,582,457 |