Webster Broadband Cooperative
- Assets
- $105.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Dexter, MI
- Founding
- 02/2018
- Data as of
- 12/2023
- 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 12/2023, Webster Broadband Cooperative generated $104.0k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $121.6k during the year ending 12/2023. While expenses have increased by 11.7% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
DURING THE 2023 CALENDAR YEAR, WEBSTER BROADBAND COOPERATIVE CONTINUED TO PROVIDE INTERNET SERVICE TO APPROXIMATELY 130 LOCAL MEMBER RESIDENTS OF NORTH CENTRAL WEBSTER TOWNSHIP. MEMBERS ARE IN AREAS OF THE TOWNSHIP WHICH ARE NOT SERVED WITH INTERNET ACCESS BY LOCAL CABLE OR TELEPHONE COMPANIES. FURTHERMORE, CELLULAR AND SATELLITE RECEPTION IS OFTEN INADEQUATE BECAUSE OF THE HILLY WOODED TERRAIN SURROUNDING MANY OF THE RESIDENTS. WEBSTER BROADBAND COOPERATIVE HAS PROVIDED THESE RESIDENTS AFFORDABLE, RELIABLE INTERNET SERVICE TO ENABLE WORKING FROM HOME, COMPLETING SCHOOL ASSIGNMENTS, REMOTE LEARNING, ONLINE BANKING, INTERACTING WITH THEIR HEALTH CARE PROVIDERS AND ACCESSING NEWS AND ENTERTAINMENT AMONG OTHER THINGS. OUR 130 MEMBERS WOULD BE DISCONNECTED FROM MODERN LIFE WITHOUT WEBSTER BROADBAND COOPERATIVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Leonello President | 15 | $50,390 | |
Tanya Leonello Treasurer | 10 | $10,400 | |
Stratos Kotzabassi Secretary | 0.5 | $0 | |
Josh Barclay Director | 0.5 | $0 | |
Clif Flynt Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $103,860 |
| Membership dues | $150 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $104,010 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $60,790 |
| Professional fees and other payments to independent contractors | $25,862 |
| Occupancy, rent, utilities, and maintenance | $3,775 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $31,202 |
| Total expenses | $121,629 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $86,924 |
| Other assets | $0 |
| Total assets | $105,316 |
| Total liabilities | $302 |
| Net assets or fund balances | $105,014 |