South Slope Cooperative Telephone Company Inc
- Assets
- $103.3m
- Revenue
- $39.3m
- Investments
- $7.7m
- Employees
- 92
- Location
- North Liberty, IA
- Founding
- 03/1962
- Data as of
- 12/2021
- EIN
- 42-0819332
Organization Overview
South Slope Cooperative Telephone Company Inc is located in North Liberty, IA. The organization was established in 1962. 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, South Slope Cooperative Telephone Company Inc employed 92 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Slope Cooperative Telephone Company 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, South Slope Cooperative Telephone Company Inc generated $39.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $39.3m during the year ending 12/2021. While expenses have increased by 0.8% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE COMMUNICATIONS SERVICES TO ITS MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COOPERATIVE PROVIDES QUALITY SERVICES TO ITS MEMBER SUBSCRIBERS. THESE SERVICES INCLUDE LOCAL EXCHANGE SERVICES, TOLL SERVICES, TERMINAL EQUIPMENT FOR SALE OR LEASE, INTERNET SERVICES, PERSONAL COMMUNICATIONS SERVICES, INSTALLATION AND MAINTENANCE OF CUSTOMER PREMISE WIRING, VIDEO SERVICES, AND OTHER MISCELLANEOUS SERVICES.
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 |
|---|---|---|---|
Charles Deisbeck CEO | Officer | 60 | $311,164 |
Brian Hamacher Director Of Operations | 60 | $150,095 | |
Carla Miner Controller | Officer | 55 | $139,895 |
Shelley Massell Accounting Supervisor | 55 | $107,114 | |
Jason Urell Plant Superintendent | 50 | $104,995 | |
Michael Schanz President | OfficerTrustee | 2 | $10,775 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Central Cable Contractors Inc Fiber Construction | 12/30/21 | $3,683,596 |
Ispn Tech Support | 12/30/21 | $316,168 |
Vantage Point Solutions Inc Consulting | 12/30/21 | $747,351 |
Midwest Underground Contractors Fiber Construction | 12/30/21 | $387,347 |
Swick Cable Contractors Inc Fiber Construction | 12/30/21 | $747,351 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $24,247 |
| 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 | $24,247 |
| Total Program Service Revenue | $37,832,087 |
| Investment income | $592,918 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $736,586 |
| 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 | $17,128 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $39,258,245 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $16,302 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $6,611,777 |
| Compensation of current officers, directors, key employees. | $796,681 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,925,564 |
| Pension plan accruals and contributions | $409,484 |
| Other employee benefits | $883,566 |
| Payroll taxes | $435,862 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $35,555 |
| Fees for services: Accounting | $639,396 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $354,935 |
| 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 | $929,303 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,751,254 |
| Insurance | $0 |
| All other expenses | $52,855 |
| Total functional expenses | $39,292,605 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,795,980 |
| Savings and temporary cash investments | $935,453 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $789,506 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $845,376 |
| Prepaid expenses and deferred charges | $339,562 |
| Net Land, buildings, and equipment | $77,893,850 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $7,710,823 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $16,928 |
| Total assets | $103,327,478 |
| Accounts payable and accrued expenses | $2,275,437 |
| Grants payable | $1,119,303 |
| 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 | $30,755,477 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $64,324 |
| Total liabilities | $34,214,541 |
| 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 | $5,555,124 |
| Retained earnings, endowment, accumulated income, or other funds | $63,557,813 |
| Total liabilities and net assets/fund balances | $103,327,478 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Paul Bunyan Rural Telephone Cooperative Bemidji, MN | $167,591,032 | $74,199,172 |
South Slope Cooperative Telephone Company Inc North Liberty, IA | $103,327,478 | $39,258,245 |
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 |