Mountain Rural Telephone Cooperative Corporation

Organization Overview

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.

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.


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Board, Officers & Key Employees

Name (title)Compensation
Ronnie Shayne Ison
Ceo/gm
$205,880
Billy Quintin Murphy
Asst General Manager
$143,595
Jimmie Jones
President
$24,500
Joleen Frederick
Director
$23,610
Jodi Lawson
Secretary
$19,000
John Nickell
Director
$18,500

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$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

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