North Central Telephone Cooperative Corp
- Assets
- $151.6m
- Revenue
- $41.9m
- Investments
- $0.0
- Employees
- 86
- Location
- Lafayette, TN
- Founding
- 02/1963
- Data as of
- 12/2020
- EIN
- 62-0516439
Organization Overview
North Central Telephone Cooperative Corp is located in Lafayette, TN. The organization was established in 1963. 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 12/2020, North Central Telephone Cooperative Corp employed 86 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Central Telephone Cooperative Corp 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 12/2020, North Central Telephone Cooperative Corp generated $41.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $31.1m during the year ending 12/2020. While expenses have increased by 0.5% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE MEMBERS WITH RELIABLE TELECOMMUNICATION SERVICES LOCATED WITHIN ITS RURAL TRADE AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE TELECOMMUNICATION SERVICES TO COOPERATIVE MEMBERS IN RURAL AREAS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Johnny L Mcclanahan President & CEO | Officer | 55 | $276,412 |
John Carter Director Tech | 50 | $147,678 | |
Jack Midkiff Accounting Manager | 50 | $127,268 | |
Troy Wells Network Specialist | 50 | $125,793 | |
Kevin Driver Hr Manager | 50 | $110,503 | |
Troy Davis Engineering Manage | 50 | $109,702 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gilsbar Llc Insurance | 12/30/20 | $195,180 |
Millennium Contractor | 12/30/20 | $119,708 |
Akc Recycling Recycling | 12/30/20 | $107,291 |
J Johnson Fiber Solutions Llc Contractor | 12/30/20 | $391,000 |
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 | $37,377,505 |
| Investment income | $4,705,135 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$252,070 |
| 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 | $41,901,963 |
| 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. | $488,106 |
| 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 | $1,123,430 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,063,778 |
| Insurance | $0 |
| All other expenses | $2,008,433 |
| Total functional expenses | $31,134,240 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,713,199 |
| Savings and temporary cash investments | $4,601,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,069,494 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $39,655 |
| Inventories for sale or use | $1,474,352 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $78,458,082 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $46,855,419 |
| Intangible assets | $0 |
| Other assets | $3,338,922 |
| Total assets | $151,550,123 |
| Accounts payable and accrued expenses | $5,334,185 |
| 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 | $45,000,663 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $10,379,084 |
| Total liabilities | $60,713,932 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $90,836,191 |
| Total liabilities and net assets/fund balances | $151,550,123 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Twin Lakes Telephone Cooperative Corporation Gainesboro, TN | $182,271,537 | $62,867,275 |
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 |
Pineland Telephone Cooperative Inc Metter, GA | $116,547,882 | $20,356,122 |
Highland Telephone Cooperative Inc Sunbright, TN | $81,089,190 | $24,131,946 |
Bulloch County Rural Telephone Cooperative Inc Statesboro, GA | $84,501,417 | $18,614,322 |
Telecommunication Facilities Corporation St Louis, MO | $37,705,343 | $20,079,070 |