Webster Broadband Cooperative
- Assets
- $106.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Dexter, MI
- Founding
- 02/2018
- Data as of
- 12/2021
- EIN
- 47-3153514
Organization Overview
Webster Broadband Cooperative is located in Dexter, MI. The organization was established in 2018. According to its NTEE Classification (Y22) the organization is classified as: Local Benevolent Life Insurance Associations, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Webster Broadband Cooperative 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, Webster Broadband Cooperative generated $101.0k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 23.6% each year . All expenses for the organization totaled $90.0k during the year ending 12/2021. While expenses have increased by 23.9% per year over the past 6 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
WEBSTER BROADBAND PROVIDES INTERNET CONNECTIVITY FOR 120 MEMBERS IN NORTH CENTRAL WEBSTER TOWNSHIP, MICHIGAN WHO WOULD OTHERWISE HAVE NO RELIABLE, AFFORDABLE MEANS OF ACCESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Leonello President | 13 | $21,760 | |
Tanya Leonello Treasurer | 6 | $5,210 | |
Stratos Kotzabassi Secretary | 0.5 | $0 | |
Josh Barclay Director | 0.5 | $0 | |
Clif Flynt Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $100,429 |
| Membership dues | $600 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $101,029 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $28,404 |
| Professional fees and other payments to independent contractors | $8,000 |
| Occupancy, rent, utilities, and maintenance | $3,184 |
| Printing, publications, postage, and shipping | $118 |
| Other expenses | $50,285 |
| Total expenses | $89,991 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $85,694 |
| Other assets | $0 |
| Total assets | $106,294 |
| Total liabilities | $2,883 |
| Net assets or fund balances | $103,411 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tele-Media Solutions Pekin, IN | $15,249,917 | $5,699,171 |
Mulberry Cooperative Telephone Company Incorporated Mulberry, IN | $26,134,752 | $5,202,012 |
Consumers Gas Cooperative Orrville, OH | $13,291,217 | $2,827,990 |
Bright Energy Inc Mt Gilead, OH | $5,001,280 | $2,472,484 |
Keystone Cooperative Association Inc Canton, OH | $779,203 | $2,407,625 |
East Washington Rural Water Corporation Salem, IN | $8,682,165 | $2,067,684 |
Village Energy Cooperative Association Inc Canton, OH | $607,024 | $1,590,630 |
All American Energy Cooperative Association Inc Westlake, OH | $1,615,998 | $1,120,389 |
Policemen Relief Association Of The City Of Milwaukee Milwaukee, WI | $10,515,380 | $789,424 |
Southeast Ohio Broadband Cooperative Lowell, OH | $90,286 | $381,652 |
Webster Broadband Cooperative Dexter, MI | $106,294 | $0 |
Assured Life Association Roscommon, MI | $342,618 | $47,177 |