Pleasant Hill Community Line
- Assets
- $586.1k
- Revenue
- $575.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Webster City, IA
- Founding
- Data as of
- 12/2023
- EIN
- 42-0835007
Organization Overview
Pleasant Hill Community Line is located in Webster City, IA. Pleasant Hill Community Line 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 12/2023, Pleasant Hill Community Line generated $575.7k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $543.6k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO DISTRIBUTE ELECTRICITY TO OUR CUSTOMER OWNERS AS REASONABLE AS POSSIBLE. WE ARE A SMALL COOP WITH NO EMPLOYEES. ALL RECORDS ARE KEPT AT 2985 INKPADUTA AVE. ALL OF OUR WORK IS CONTRACTED OUT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SALES OF ELECTRICITY TO OUR COOPERATIVE MEMBER OWNERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Cisco President | Officer | 3 | $75 |
Dennis Hill Vice President | Officer | 1 | $50 |
Leonard Rotschafer Sec-Treas | Officer | 10 | $2,735 |
Adam Richardson Director | Trustee | 1 | $75 |
Brad Schmidt Director | Trustee | 1 | $75 |
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 | $568,399 |
| Investment income | $7,336 |
| 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 | $575,735 |
| 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 | $0 |
| Compensation of current officers, directors, key employees. | $3,010 |
| Compensation of current officers, directors, key employees. | $3,010 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,685 |
| 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 | $0 |
| Payments to affiliates | $4,173 |
| Depreciation, depletion, and amortization | $9,856 |
| Insurance | $2,725 |
| All other expenses | $3,487 |
| Total functional expenses | $543,641 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,118 |
| Savings and temporary cash investments | $431,009 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,992 |
| 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 | $0 |
| Net Land, buildings, and equipment | $133,983 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $586,102 |
| Accounts payable and accrued expenses | $0 |
| 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 | $37,576 |
| Other liabilities | $0 |
| Total liabilities | $37,576 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $48,000 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $500,526 |
| Total liabilities and net assets/fund balances | $586,102 |