Springville Cooperative Telephone Association Inc
- Assets
- $7.9m
- Revenue
- $2.4m
- Investments
- $1.3m
- Employees
- 6
- Location
- Springville, IA
- Founding
- 01/1989
- Data as of
- 12/2021
- EIN
- 42-0819110
Organization Overview
Springville Cooperative Telephone Association Inc is located in Springville, IA. The organization was established in 1989. 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 12/2021, Springville Cooperative Telephone Association Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Springville Cooperative Telephone Association 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 12/2021, Springville Cooperative Telephone Association Inc generated $2.4m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $2.1m during the year ending 12/2021. While expenses have increased by 3.9% per year over the past 5 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE TELECOMMUNICATIONS EXCHANGE AND LOCAL ACCESS SERVICES, VIDEO AND INTERNET SERVICES IN A SERVICE AREA LOCATED PRIMARILY IN LINN COUNTY, IOWA
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE TELECOMMUNICATIONS EXCHANGE AND LOCAL ACCESS SERVICES, VIDEO AND INTERNET SERVICES IN A SERVICE AREA LOCATED PRIMARILY IN LINN COUNTY, IOWA
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 |
|---|---|---|---|
Jean Schilling Treasurer/executive Office Mgr | Officer | 40 | $78,136 |
Gary Knight Director/president | OfficerTrustee | 1 | $1,320 |
John Bohlken Director/vice President | OfficerTrustee | 1 | $1,200 |
Kurt Feltes Director | Trustee | 1 | $1,200 |
Mark Nietert Director | Trustee | 1 | $1,100 |
Curt Koppes Director | Trustee | 1 | $1,100 |
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 | $2,120,498 |
| Investment income | $209,728 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,916 |
| 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 | $2,350,786 |
| 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 | $620,000 |
| Compensation of current officers, directors, key employees. | $118,128 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $159,547 |
| Pension plan accruals and contributions | $19,524 |
| Other employee benefits | $102,655 |
| Payroll taxes | $89,747 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $496 |
| Fees for services: Accounting | $38,594 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,966 |
| Office expenses | $1,357 |
| Information technology | $291 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $269,898 |
| Insurance | $0 |
| All other expenses | $13,833 |
| Total functional expenses | $2,135,036 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $466,997 |
| Savings and temporary cash investments | $634,084 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $73,180 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $31,307 |
| Net Land, buildings, and equipment | $3,241,289 |
| Investments—publicly traded securities | $1,803,786 |
| Investments—other securities | $1,316,659 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $287,783 |
| Total assets | $7,855,085 |
| Accounts payable and accrued expenses | $117,797 |
| Grants payable | $0 |
| Deferred revenue | $25,915 |
| 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 | $1,122 |
| Total liabilities | $144,834 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $7,710,251 |
| Total liabilities and net assets/fund balances | $7,855,085 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |