Roosevelt County Rural Telephone Cooperative Inc
- Assets
- $50.6m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 35
- Location
- Portales, NM
- Founding
- Data as of
- 12/2018
- EIN
- 85-6002147
Organization Overview
Roosevelt County Rural Telephone Cooperative Inc is located in Portales, NM. As of 12/2018, Roosevelt County Rural Telephone Cooperative Inc employed 35 individuals. Roosevelt County Rural 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 12/2018, Roosevelt County Rural Telephone Cooperative Inc generated $4.6m in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $4.5m during the year ending 12/2018. 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
2018
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE LOCAL TELEPHONE SERVICE TO MEMBERS AT COST ON A COOPERATIVE BASIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COOPERATIVE PROVIDED LOCAL TELEPHONE EXCHANGE SERVICE AND OTHER TELECOMMUNICATIONS SERVICES TO 1,267 SUBSCRIBER ACCESS LINES AT YEAR END. ALL MEMBERS WERE SERVED AT COST ON A COOPERATIVE BASIS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronald Fouts President | OfficerTrustee | 2 | $17,824 |
Jimmy Duncan Vice President | OfficerTrustee | 2 | $20,194 |
Randy Lieb Secretary/treasurer | OfficerTrustee | 2 | $16,590 |
Shelly Buzzard Director | Trustee | 2 | $3,188 |
Dave Sanders Jr Director | Trustee | 2 | $4,620 |
Scott Dickerman Director | Trustee | 2 | $3,100 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
N-com Inc Engineering Services | 12/30/18 | $124,788 |
Gvnw Consulting Group Cost Consulting | 12/30/18 | $120,563 |
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 | $4,395,482 |
| Investment income | $47,141 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $140,755 |
| Net Gain/Loss on Asset Sales | $6,831 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,594,858 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,312 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $1,279,834 |
| Compensation of current officers, directors, key employees. | $327,230 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $309,806 |
| Pension plan accruals and contributions | $38,312 |
| Other employee benefits | $166,159 |
| Payroll taxes | $33,133 |
| 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 | $298,379 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,043,178 |
| Insurance | $0 |
| All other expenses | $55,595 |
| Total functional expenses | $4,529,802 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,776,933 |
| Savings and temporary cash investments | $345,195 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $352,918 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $705,446 |
| Inventories for sale or use | $296,780 |
| Prepaid expenses and deferred charges | $884,040 |
| Net Land, buildings, and equipment | $18,566,417 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $23,629,124 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $50,556,853 |
| Accounts payable and accrued expenses | $681,744 |
| Grants payable | $0 |
| Deferred revenue | $78,274 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $13,956 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $11,064,890 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,303,124 |
| Total liabilities | $15,141,988 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $35,414,865 |