Utilities Telecom Council
- Assets
- $3.1m
- Revenue
- $5.2m
- Investments
- $0.0
- Employees
- 28
- Location
- Arlington, VA
- Founding
- 03/1979
- Data as of
- 12/2021
- EIN
- 52-6042453
Organization Overview
Utilities Telecom Council is located in Arlington, VA. The organization was established in 1979. According to its NTEE Classification (W03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Utilities Telecom Council employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Utilities Telecom Council is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Utilities Telecom Council generated $5.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $5.0m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.4%) per year over the past 7 years. 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
EDUCATE AND REPRESENT MEMBER ORGANIZATIONS ON COMMUNICATIONS ISSUES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP SERVICES - PROVIDES A FORUM IN WHICH OUR MEMBER COMPANIES CAN BENEFIT FROM EDUCATION AND INFORMATION SERVICES FOR THEIR EMPLOYEES.
ANNUAL CONFERENCE - PROVIDES EDUCATIONAL AND NETWORKING OPPORTUNITIES FOR EMPLOYEES OF MEMBER COMPANIES AND THEIR TECHNOLOGY PARTNERS.
FREQUENCY COORDINATION - COORDINATES RADIO FREQUENCIES TO SUPPORT THE NEEDS OF THE ENERGY AND WATER INDUSTRIES THAT DEPLOY TELECOM METERS AS A NON-PROFIT ORGANIZATION APPROVED BY THE FEDERAL COMMUNICATIONS COMMISSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sheryl Riggs Utc President & CEO | OfficerTrustee | 40 | $322,794 |
Karnel Thomas Senior VP - Membership | Officer | 40 | $197,711 |
Brett Kilbourne General Counsel And VP | Officer | 40 | $188,426 |
Robert Lockhart Vp, Cybersecurity, Technology | Officer | 40 | $158,874 |
Paul Lambert Chairman | OfficerTrustee | 1 | $0 |
Dewey Day Vice Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Republic 20th Street Llc Rent | 12/30/19 | $423,688 |
Media Convention Sales Llc Professional Services | 12/30/19 | $253,454 |
Think Designs Llc Professional Services | 12/30/19 | $102,615 |
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 | $5,225,523 |
| Investment income | $5,768 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,852 |
| 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 | $5,234,143 |
| 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. | $1,080,705 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,181,321 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $292,096 |
| Payroll taxes | $143,218 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $61,824 |
| Fees for services: Accounting | $32,186 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,045 |
| Fees for services: Other | $743,398 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $225,360 |
| Travel | $60,165 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $633,487 |
| Interest | $8,208 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,218 |
| Insurance | $77,542 |
| All other expenses | $187,836 |
| Total functional expenses | $4,987,313 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,043,071 |
| Savings and temporary cash investments | $30,216 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $462,596 |
| 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 | $239,874 |
| Net Land, buildings, and equipment | $74,166 |
| Investments—publicly traded securities | $247,411 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $28,859 |
| Total assets | $3,126,193 |
| Accounts payable and accrued expenses | $105,255 |
| Grants payable | $0 |
| Deferred revenue | $2,166,395 |
| 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 | $490,262 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $195,440 |
| Total liabilities | $2,957,352 |
| Net assets without donor restrictions | $168,841 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $3,126,193 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Utilities Telecom Council has recieved totaling $5,100.
| Awarding Organization | Amount |
|---|---|
American Petroleum Institute Washington, DC PURPOSE: EVENT SPONSORSHIP | $5,100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Public Transit Association Washington, DC | $25,928,823 | $18,627,373 |
National Association Of Federal Credit Unions Inc Arlington, VA | $31,185,033 | $18,837,903 |
National Telecommunications Cooperative Association Arlington, VA | $35,978,919 | $14,734,223 |
Nreca International Ltd Arlington, VA | $16,103,141 | $13,958,230 |
United States Telecom Association Washington, DC | $26,999,064 | $14,419,422 |
National Association Of Regulatory Utility Commissioners Washington, DC | $14,588,498 | $9,839,643 |
United States Naval Institute Annapolis, MD | $27,665,507 | $24,447,598 |
Tennessee Electric Co-Op Assn Nashville, TN | $3,724,180 | $7,501,409 |
Telecommunications Industry Association Arlington, VA | $9,432,322 | $8,404,450 |
Tennessee Valley Public Power Assocation Inc Chattanooga, TN | $38,455,755 | $10,938,894 |
National Motor Freight Traffic Association Inc Alexandria, VA | $59,067,846 | $11,675,986 |
Government Employees Benefit Association Inc Hanover, MD | $24,504,834 | $8,425,068 |