North Central Telephone Cooperative Corp
- Assets
- $174.4m
- Revenue
- $45.2m
- Investments
- $0.0
- Employees
- 94
- Location
- Lafayette, TN
- Founding
- 02/1963
- Data as of
- 12/2022
- 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 12/2022, North Central Telephone Cooperative Corp employed 94 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 12/2022, North Central Telephone Cooperative Corp generated $45.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $33.8m during the year ending 12/2022. While expenses have increased by 1.6% 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
2022
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 | $375,430 |
John Carter Director Tech | 50 | $157,486 | |
Troy Wells Network Specialist | 50 | $133,252 | |
Christopher A Carlyle Network Specialist | 50 | $118,818 | |
Troy Davis Engineering Manage | 50 | $118,643 | |
Kevin Driver Hr Manager | 50 | $117,906 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gilsbar Llc Insurance | 12/30/20 | $195,180 |
Akc Recycling Recycling | 12/30/20 | $107,291 |
Millennium Contractor | 12/30/20 | $119,708 |
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 | $41,166,204 |
| Investment income | $4,041,379 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$88,555 |
| 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 | $45,173,129 |
| 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. | $758,584 |
| 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 | $460,786 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,740,819 |
| Insurance | $0 |
| All other expenses | $3,726,085 |
| Total functional expenses | $33,812,203 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,458,702 |
| Savings and temporary cash investments | $6,748,653 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,283,106 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $219,737 |
| Inventories for sale or use | $2,775,343 |
| Prepaid expenses and deferred charges | $706,096 |
| Net Land, buildings, and equipment | $73,904,521 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $43,956,343 |
| Intangible assets | $0 |
| Other assets | $381,477 |
| Total assets | $174,433,978 |
| Accounts payable and accrued expenses | $1,357,845 |
| 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 | $18,780,925 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $30,007,548 |
| Total liabilities | $50,146,318 |
| 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 | $124,287,660 |
| Total liabilities and net assets/fund balances | $174,433,978 |