Mon-Cre Telephone Cooperative Inc
- Assets
- $29.2m
- Revenue
- $7.6m
- Investments
- $0.0
- Employees
- 21
- Location
- Ramer, AL
- Founding
- 02/1961
- Data as of
- 06/2022
- EIN
- 63-0332310
Organization Overview
Mon-Cre Telephone Cooperative Inc is located in Ramer, AL. The organization was established in 1961. 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 06/2022, Mon-Cre Telephone Cooperative Inc employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mon-Cre 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 06/2022, Mon-Cre Telephone Cooperative Inc generated $7.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $7.1m during the year ending 06/2022. While expenses have increased by 3.1% per year over the past 7 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 TELECOMMUNICATION SERVICES TO ITS MEMBERS ON THE COOPERATIVE BASIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MON-CRE TELEPHONE COOPERATIVE, INC. PROVIDED TELECOMMUNICATION SERVICES TO APPROXIMATELY 2,000 MEMBERS LOCATED IN MONTGOMERY, CRENSHAW, PIKE, AND BULLOCK COUNTIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Teresa Rich General Manager | Officer | 50 | $158,953 |
Beverly Hussey CFO | Officer | 40 | $97,728 |
Danny Sikes Trustee | Trustee | 5 | $903 |
Ron Mcgough Trustee | Trustee | 5 | $898 |
Jared Bragg Trustee | Trustee | 5 | $895 |
Brenda Herring Trustee | Trustee | 5 | $872 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Friedrich & Associates Engineering | 6/29/17 | $641,499 |
Southern Diversified Technology Inc Contractor - Cable Placement | 6/29/17 | $508,990 |
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 | $7,348,039 |
| Investment income | $171,680 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $52,050 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,623,629 |
| 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 | $872,822 |
| Compensation of current officers, directors, key employees. | $352,614 |
| 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 | $44,054 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,569,313 |
| Insurance | $0 |
| All other expenses | $565,602 |
| Total functional expenses | $7,082,926 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,441,521 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $237,730 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,230,568 |
| Prepaid expenses and deferred charges | $140,632 |
| Net Land, buildings, and equipment | $22,244,388 |
| Investments—publicly traded securities | $3,353,775 |
| Investments—other securities | $0 |
| Investments—program-related | $195,082 |
| Intangible assets | $0 |
| Other assets | $362,632 |
| Total assets | $29,206,328 |
| Accounts payable and accrued expenses | $516,577 |
| 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 | $13,271,223 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $71,325 |
| Total liabilities | $13,859,125 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $36,440 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $15,310,763 |
| Total liabilities and net assets/fund balances | $29,206,328 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
New Hope Telephone Cooperative New Hope, AL | $37,548,227 | $12,900,779 |
Mon-Cre Telephone Cooperative Inc Ramer, AL | $29,206,328 | $7,623,629 |
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 |
Stano Inc Wesley Chapel, FL | $115,277 | $0 |
National Relief Telecom Inc Jacksonville, FL | $332,391 | $323,700 |