Valley Telephone Cooperative Foundation
- Assets
- $2.9m
- Revenue
- $341.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Willcox, AZ
- Founding
- 09/1991
- Data as of
- 12/2023
- EIN
- 74-2613547
Organization Overview
Valley Telephone Cooperative Foundation is located in Willcox, AZ. The organization was established in 1991. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Valley Telephone Cooperative Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Valley Telephone Cooperative Foundation generated $341.7k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $133.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Valley Telephone Cooperative Foundation has awarded 452 individual grants totaling $845,092. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Thompson President | 1 | $0 | |
William Swift Vice President | 1 | $0 | |
Joseph Chapin Secretary/treasurer | 1 | $0 | |
Mike Skiles Director | 1 | $0 | |
Carrol Miller Director | 1 | $0 | |
Eva Morin Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $323,832 |
| Interest on Savings | $17,883 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $341,715 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $7,750 |
| Contributions, gifts, grants paid | $126,126 |
| Total expenses and disbursements | $133,876 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,795,055 |
| Savings and temporary cash investments | $1,074,597 |
| Net Accounts receivable | $17,676 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,887,328 |
| Accounts payable and accrued expenses | $4,900 |
| Grants payable | $93,750 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $98,650 |
Grants Awarded
Over the last fiscal year, Valley Telephone Cooperative Foundation has awarded $176,125 in support to 124 organizations.
| Grant Recipient | Amount |
|---|---|
ABIGAIL CUSHMAN - WESTERN NEW MEXIC PURPOSE: SCHOLARSHIP | $1,000 |
ADDY OFFUTT - LAMAR COMMUNITY COLLE PURPOSE: SCHOLARSHIP | $1,000 |
ANGALEENA JARVIS - EASTERN ARIZONA PURPOSE: SCHOLARSHIP | $1,500 |
ALEXIS MCKINNEY - EASTERN ARIZONA C PURPOSE: SCHOLARSHIP | $2,250 |
AUSTIN PACE - BRIGHAM YOUNG UNIVERS PURPOSE: SCHOLARSHIP | $1,000 |
AZURE GREEN - EASTERN ARIZONA COLLE PURPOSE: SCHOLARSHIP | $1,250 |