Pembroke Telephone Cooperative
- Assets
- $7.7m
- Revenue
- $2.5m
- Investments
- $991.8k
- Employees
- 13
- Location
- Pembroke, VA
- Founding
- Data as of
- 12/2022
- EIN
- 54-0855602
Organization Overview
Pembroke Telephone Cooperative is located in Pembroke, VA. As of 12/2022, Pembroke Telephone Cooperative employed 13 individuals. Pembroke Telephone 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 12/2022, Pembroke Telephone Cooperative generated $2.5m in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $1.9m during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES COMMUNICATIONS SERVICES TO EASTERN GILES COUNTY, VIRGINIA
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES LOCAL AND LONG-DISTANCE TELEPHONE SERVICES INCLUDING DSL TO CUSTOMERS IN EASTERN GILES COUNTY, VIRGINIA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leon Law President | OfficerTrustee | 5 | $5,550 |
Giles Lester Jr Secretary/treasurer | OfficerTrustee | 2 | $4,150 |
Elaine Cook Director | Trustee | 2 | $3,950 |
Matthew Little Director | Trustee | 2 | $3,100 |
Brett Farmer Vice-President | OfficerTrustee | 2 | $4,250 |
Michael Dudding General Manager | Officer | 40 | $83,154 |
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 | $2,480,406 |
| Investment income | $5,481 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $48,644 |
| 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 | $2,534,531 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| 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 | $0 |
| 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 | $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 | $7,923 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $292,273 |
| Insurance | $0 |
| All other expenses | $35,407 |
| Total functional expenses | $1,929,750 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $293,759 |
| Savings and temporary cash investments | $1,000,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $219,157 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $397,316 |
| Prepaid expenses and deferred charges | $95,576 |
| Net Land, buildings, and equipment | $4,679,404 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $991,825 |
| Investments—program-related | $68,866 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,745,903 |
| Accounts payable and accrued expenses | $678,786 |
| 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 | $280,832 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $224,442 |
| Total liabilities | $1,184,060 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $32,745 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $6,529,098 |
| Total liabilities and net assets/fund balances | $7,745,903 |