Colton Telephone Company
- Assets
- $12.2m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 7
- Location
- Colton, OR
- Founding
- 07/1930
- Data as of
- 12/2021
- EIN
- 93-0143500
Organization Overview
Colton Telephone Company is located in Colton, OR. The organization was established in 1930. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Colton Telephone Company employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Colton Telephone Company 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, Colton Telephone Company generated $3.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $3.0m during the year ending 12/2021. While expenses have increased by 1.5% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO BE A COMMUNITY-MINDED, QUALITY-FOCUSED, SERVICE-CENTERED, AND VALUE-DRIVEN TELECOMMUNICATIONS PROVIDER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE TELECOMMUNICATIONS SERVICE TO COOPERATIVE MEMBERS. AT DECEMBER 31, 2021, 494 LINES WERE IN SERVICE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Geri Fraijo Schedule J Part III General Manager | Officer | 28 | $111,917 |
Stephanie Sauvageau CFO | Officer | 40 | $98,492 |
Kelly Stephens President | OfficerTrustee | 1 | $3,094 |
Grant Stanbro Secretary | OfficerTrustee | 1 | $2,824 |
David Wales Director | Trustee | 1 | $2,574 |
Pete Dostert Director | Trustee | 1 | $1,389 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Monitor Telephone Labor, Shared Expenses | 12/30/21 | $283,625 |
Van Dorn Enterprises Fiber Construction | 12/30/21 | $150,000 |
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 | $3,322,247 |
| Investment income | $47,375 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,369,622 |
| 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 | $356,546 |
| Compensation of current officers, directors, key employees. | $327,595 |
| 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 | $140,693 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $435,878 |
| Insurance | $0 |
| All other expenses | $12,576 |
| Total functional expenses | $3,036,197 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,444,235 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $367,819 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $55,016 |
| Prepaid expenses and deferred charges | $450,841 |
| Net Land, buildings, and equipment | $7,950,779 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $955,766 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,224,456 |
| Accounts payable and accrued expenses | $330,084 |
| 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 | $4,815,853 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $733,336 |
| Total liabilities | $5,879,273 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $6,345,183 |
| Total liabilities and net assets/fund balances | $12,224,456 |
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