3 Rivers Telephone Cooperative Inc
- Assets
- $188.6m
- Revenue
- $57.1m
- Investments
- $7.6m
- Employees
- 149
- Location
- Fairfield, MT
- Founding
- 11/1962
- Data as of
- 12/2021
- EIN
- 81-0243702
Organization Overview
3 Rivers Telephone Cooperative Inc, operating under the name 3 Rivers Communications, is located in Fairfield, MT. The organization was established in 1962. 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, 3 Rivers Communications employed 149 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 3 Rivers Communications 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, 3 Rivers Communications generated $57.1m 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 $57.1m during the year ending 12/2021. While expenses have increased by 3.2% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ADVANCED COMMUNICATIONS SERVICES AND GAINFUL EMPLOYMENT TO ENHANCE THE QUALITY OF OUR MEMBERS AND EMPLOYEES' LIVES WHILE IMPROVING THE ECONOMIC WELL-BEING OF THE COMMUNITIES SERVED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
3 RIVERS TELEPHONE COOPERATIVE MAKES TELEPHONE, INTERNET SERVICES AND FACILITIES AVAILABLE TO THE WIDEST PRACTICAL NUMBER OF USERS ON A NON-PROFIT, COOPERATIVE BASIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Gibson General Manager/ceo | Officer | 40 | $332,111 |
David Massey CFO | Officer | 40 | $210,564 |
Ernest Peterson Director Of Facility Operator | Officer | 40 | $166,615 |
Timothy Hodges Director Of Network Operations | Officer | 40 | $158,524 |
Bonnie Mayer Director Of Human Resources | 40 | $143,969 | |
Tyler Lura Big Sky District Supervisor | 40 | $131,768 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mastec Inc Construction | 12/30/21 | $8,838,648 |
Detailed Construction Company Construction | 12/30/21 | $2,432,247 |
Track Utilities Llc Construction | 12/30/21 | $1,677,890 |
Haas Builders Llc Construction | 12/30/21 | $899,906 |
Mid-state Consultants Inc Engineering | 12/30/21 | $747,335 |
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 | $55,740,829 |
| Investment income | $1,138,691 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$3,371 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $57,114,065 |
| 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 | $12,004,860 |
| Compensation of current officers, directors, key employees. | $1,342,538 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $638,954 |
| 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 | $1,276,289 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,899,020 |
| Insurance | $0 |
| All other expenses | $4,141,510 |
| Total functional expenses | $57,114,065 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,527,444 |
| Savings and temporary cash investments | $13,839,306 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,098,199 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,045,945 |
| Prepaid expenses and deferred charges | $963,273 |
| Net Land, buildings, and equipment | $110,420,460 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $7,606,107 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $23,105,768 |
| Total assets | $188,606,502 |
| Accounts payable and accrued expenses | $10,793,586 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $48,034,854 |
| Other liabilities | $11,118,514 |
| Total liabilities | $69,946,954 |
| 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 | $11,028,385 |
| Retained earnings, endowment, accumulated income, or other funds | $107,631,163 |
| Total liabilities and net assets/fund balances | $188,606,502 |
Grants Awarded
Over the last fiscal year, 3 Rivers Telephone Cooperative Inc has awarded $110,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Fairfield, MT PURPOSE: COMMUNITY HALL RENOVATION DONATION | $100,000 |
GIRL SCOUT TROOP 3535 (UNDER UMBRELLA ORGANIZATION GIRL SCOUTS OF MONTANA & Org PageRecipient ProfileBillings, MT PURPOSE: YOUTH TECHNOLOGY GRANT | $10,000 |
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|---|---|---|
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Oregon Community Credit Union Eugene, OR | $2,826,121,126 | $182,242,816 |
Wright-Hennepin Cooperative Electric Association Rockford, MN | $233,547,306 | $112,957,716 |
La Plata Electric Association Inc Durango, CO | $287,521,885 | $109,650,926 |
Northwest Iowa Power Cooperative Le Mars, IA | $209,144,882 | $97,805,529 |
Minnesota Valley Electric Cooperative Jordan, MN | $225,562,606 | $97,633,848 |
Sioux Valley-Southwestern Electric Cooperative Inc Colman, SD | $299,619,509 | $95,033,427 |
Lake Country Power Cohasset, MN | $343,138,601 | $92,478,659 |
Inland Power & Light Co Spokane, WA | $298,221,337 | $90,911,502 |
Credit Unions In The State Of Washington Olympia, WA | $2,172,440,238 | $102,241,429 |
Crow Wing Cooperative Power & Light Company Brainerd, MN | $238,884,299 | $79,431,443 |
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