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.
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 |
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 |
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 |