Mountain Rural Telephone Cooperative Corporation is located in West Liberty, KY. 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 12/2021, Mountain Rural Telephone Cooperative Corporation employed 87 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mountain Rural Telephone Cooperative Corporation 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 12/2021, Mountain Rural Telephone Cooperative Corporation generated $31.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $31.0m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.1%) 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
PROVIDE TELEPHONE SERVICE TO MEMBER OWNERS ON A PATRONAGE BASIS. SERVE APPROXIMATELY 12,500 CUSTOMERS MONTHLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE TELEPHONE SERVICE TO MEMBER OWNERS ON A PATRONAGE BASIS. SERVE APPROXIMATELY 12,500 CUSTOMERS MONTHLY.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Ronnie Shayne Ison Ceo/gm | Officer | 40 | $205,880 |
Billy Quintin Murphy Asst General Manager | 40 | $143,595 | |
Jimmie Jones President | OfficerTrustee | 8 | $24,500 |
Joleen Frederick Director | Trustee | 8 | $23,610 |
Jodi Lawson Secretary | OfficerTrustee | 8 | $19,000 |
John Nickell Director | Trustee | 4 | $18,500 |
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 | $27,609,465 |
Investment income | $297,651 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
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 | $30,956,573 |
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 | $7,826,161 |
Compensation of current officers, directors, key employees. | $413,665 |
Compensation of current officers, directors, key employees. | $205,880 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $3,889,752 |
Pension plan accruals and contributions | $511,970 |
Other employee benefits | $3,613,726 |
Payroll taxes | $317,003 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $14,110 |
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 | $131,804 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $5,032,426 |
Insurance | $183,063 |
All other expenses | -$6,690,296 |
Total functional expenses | $30,956,573 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $26,301,886 |
Savings and temporary cash investments | $11,952,134 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $202,074 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $1,398,301 |
Prepaid expenses and deferred charges | $31,322 |
Net Land, buildings, and equipment | $48,620,785 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $53,709,653 |
Total assets | $142,216,155 |
Accounts payable and accrued expenses | $713,634 |
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 | $5,367,073 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $10,324,476 |
Total liabilities | $16,405,183 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $141,564 |
Paid-in or capital surplus, or land, building, or equipment fund | -$11,171,622 |
Retained earnings, endowment, accumulated income, or other funds | $136,841,030 |
Total liabilities and net assets/fund balances | $142,216,155 |
Organization Name | Assets | Revenue |
---|---|---|
Twin Lakes Telephone Cooperative Corporation Gainesboro, TN | $182,271,537 | $62,867,275 |
Hancock Rural Telephone Corporation Greenfield, IN | $147,768,424 | $51,230,558 |
Foothills Rural Telephone Cooperative Corp Inc Staffordsville, KY | $122,987,128 | $34,205,893 |
North Central Telephone Cooperative Corp Lafayette, TN | $151,550,123 | $41,901,963 |
Mountain Rural Telephone Cooperative Corporation West Liberty, KY | $142,216,155 | $30,956,573 |
Ben Lomand Rural Telephone Cooperative Inc Mcminnville, TN | $135,020,409 | $32,327,349 |
Dekalb Telephone Cooperative Alexandria, TN | $99,962,174 | $26,158,817 |
Bledsoe Telephone Cooperative Pikeville, TN | $52,661,532 | $24,894,746 |
Peoples Rural Telephone Cooperative Corporation Inc Mckee, KY | $99,458,138 | $24,354,512 |
Highland Telephone Cooperative Inc Sunbright, TN | $81,089,190 | $24,131,946 |
Telecommunication Facilities Corporation St Louis, MO | $37,705,343 | $20,079,070 |
Wabash Telephone Cooperative Inc Louisville, IL | $76,292,242 | $16,908,239 |