West Carolina Rural Telephone Cooperative Inc is located in Abbeville, SC. The organization was established in 1960. According to its NTEE Classification (W50) the organization is classified as: Telecommunications, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2017, West Carolina Rural Telephone Cooperative Inc employed 71 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. West Carolina Rural Telephone Cooperative Inc 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 12/2017, West Carolina Rural Telephone Cooperative Inc generated $33.8m in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $29.6m during the year ending 12/2017. While expenses have increased by 2.1% per year over the past 2 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2017
Describe the Organization's Mission:
Part 3 - Line 1
TO DELIVER EXCEPTIONAL QUALITY TELECOMMUNICATION AND CUSTOMER SERVICE THROUGH A COST-EFFECTIVE MANNER THAT EMBODIES THE COOPERATIVE PHILOSOPHY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WEST CAROLINA TELEPHONE COOPERATIVE, INC. MAKES TELECOMMUNICATION SERVICE AND FACILITIES AVAILABLE TO THE WIDEST PRACTICAL NUMBER OF USERS ON A NON-PROFIT, COOPERATIVE BASIS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jeff T Wilson Ceo/general Manager | Officer | 40 | $235,079 |
Lance Tade Chief Financial Officer | Officer | 40 | $172,068 |
Westley D Mcallister President | OfficerTrustee | 1 | $28,913 |
William O Bauman Director | Trustee | 1 | $23,501 |
Talmadge R Bussey Director | Trustee | 1 | $19,466 |
John M Thomas Director | Trustee | 1 | $16,106 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Electricom Outside Plant Construction | 12/30/17 | $3,509,705 |
Andrew N Kincannon Video Production | 12/30/17 | $130,200 |
Crawford Communications Outside Plant I&r | 12/30/17 | $609,031 |
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 | $32,019,431 |
Investment income | $1,299,452 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $118,079 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $33,803,232 |
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 | $481,475 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $7,366,312 |
Insurance | $0 |
All other expenses | -$17,312 |
Total functional expenses | $29,617,687 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $4,857,065 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $775,585 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $1,495,369 |
Inventories for sale or use | $496,100 |
Prepaid expenses and deferred charges | $3,077,963 |
Net Land, buildings, and equipment | $67,188,001 |
Investments—publicly traded securities | $48,873,082 |
Investments—other securities | $469,714 |
Investments—program-related | $3,323,762 |
Intangible assets | $0 |
Other assets | $7,982,979 |
Total assets | $138,539,620 |
Accounts payable and accrued expenses | $1,006,564 |
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 | $33,010,168 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $3,090,811 |
Total liabilities | $37,107,543 |
Unrestricted restricted net Assets | $0 |
Temporarily restricted net Assets | $0 |
Permanently restricted net Assets or current funds | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Total net assets or fund balances | $101,432,077 |
Organization Name | Assets | Revenue |
---|---|---|
West Carolina Rural Telephone Cooperative Inc Abbeville, SC | $138,539,620 | $33,803,232 |
Sandhill Rural Telephone Cooperative Inc Jefferson, SC | $67,342,746 | $27,096,055 |
Palmetto Rural Telephone Cooperative Inc Walterboro, SC | $95,544,834 | $23,786,093 |
Pineland Telephone Cooperative Inc Metter, GA | $116,547,882 | $20,356,122 |
Bulloch County Rural Telephone Cooperative Inc Statesboro, GA | $84,501,417 | $18,614,322 |
Progressive Rural Telephone Coop Inc Rentz, GA | $32,679,520 | $9,580,532 |
Georgia Communications Corporation Inc Cornelia, GA | $4,400,237 | $4,279,457 |