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
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 |
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 |