Molalla Telephone Company
- Assets
- $51.5m
- Revenue
- $19.1m
- Investments
- $3.9m
- Employees
- 24
- Location
- Molalla, OR
- Founding
- 05/1984
- Data as of
- 12/2021
- EIN
- 93-0228760
Organization Overview
Molalla Telephone Company is located in Molalla, OR. The organization was established in 1984. 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, Molalla Telephone Company employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Molalla 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, Molalla Telephone Company generated $19.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $18.8m during the year ending 12/2021. While expenses have increased by 11.4% 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
COOPERATIVE TELEPHONE SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE TELEPHONE AND INTERNET SERVICES TO COOPERATIVE MEMBERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Loutzenhiser President - CEO | Officer | 58 | $649,238 |
Lance Eves Vice President - COO | Officer | 58 | $355,448 |
Terrance Simms Vice President - CFO | Officer | 58 | $310,809 |
Daphne Lisac Consumer Services Manager | 48 | $147,062 | |
Jeffrey Stockett Systems Administrator | 48 | $127,559 | |
Marci Marsh Chairman | OfficerTrustee | 6 | $18,100 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
North Sky Communications Osp Fiber Construction | 12/30/19 | $473,198 |
Power & Telephone Supply Co Fttp Project | 12/30/19 | $320,871 |
Metaswitch Networks Software Maintenance | 12/30/19 | $108,756 |
Chr Solutions Customer Billing | 12/30/19 | $141,217 |
Zayo Group Llc Dark Fiber | 12/30/19 | $105,793 |
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 | $18,582,234 |
| Investment income | $156,060 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $36,007 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,104,786 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $750,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $4,102,048 |
| Compensation of current officers, directors, key employees. | $1,607,809 |
| 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 | $556,219 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $213,892 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,579,981 |
| Insurance | $0 |
| All other expenses | $579,958 |
| Total functional expenses | $18,774,300 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,274,487 |
| Savings and temporary cash investments | $2,516,969 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,248,266 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $509,575 |
| Prepaid expenses and deferred charges | $765,702 |
| Net Land, buildings, and equipment | $26,613,875 |
| Investments—publicly traded securities | $5,725,780 |
| Investments—other securities | $3,865,152 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $51,519,806 |
| Accounts payable and accrued expenses | $2,316,261 |
| 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 | $10,387,263 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $12,703,524 |
| 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 | $39,322 |
| Retained earnings, endowment, accumulated income, or other funds | $38,776,960 |
| Total liabilities and net assets/fund balances | $51,519,806 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Canby Telephone Association Mt Angel, OR | $44,188,328 | $21,185,963 |
Molalla Telephone Company Molalla, OR | $51,519,806 | $19,104,786 |
Pioneer Telephone Cooperative Philomath, OR | $33,332,473 | $13,803,671 |
Beaver Creek Cooperative Telephone Company Mt Angel, OR | $10,445,522 | $8,019,128 |
Clear Creek Mutual Telephone Company Oregon City, OR | $3,887,678 | $5,435,820 |
Oregon Fiber Partnership Portland, OR | $21,836,406 | $14,659,612 |
Scio Mutual Telephone Association Scio, OR | $17,845,456 | $4,494,478 |
Tor Project Inc Seattle, WA | $4,406,515 | $7,413,548 |
San Jose Community Media Access Corp San Jose, CA | $11,012,115 | $2,077,013 |
Monitor Cooperative Telephone Company Woodburn, OR | $6,810,177 | $2,101,129 |
Inland Development Corporation Boardman, OR | $11,852,572 | $2,300,003 |
Midpeninsula Community Media Center Inc Palo Alto, CA | $7,154,675 | $636,954 |