Molalla Telephone Company
- Assets
- $52.6m
- Revenue
- $18.5m
- Investments
- $3.0m
- Employees
- 27
- Location
- Molalla, OR
- Founding
- 05/1984
- Data as of
- 12/2022
- 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 12/2022, Molalla Telephone Company employed 27 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 12/2022, Molalla Telephone Company generated $18.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $18.8m during the year ending 12/2022. While expenses have increased by 9.8% 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
2022
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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marci Marsh Chairman | OfficerTrustee | 6 | $21,075 |
Kae Wise Secretary | OfficerTrustee | 6 | $20,100 |
Ron Jones Vice Chairman | OfficerTrustee | 6 | $20,100 |
Rick Dishner Director | Trustee | 6 | $20,100 |
Edward Stafford Director | Trustee | 6 | $18,900 |
Stephen Loutzenhiser President - CEO | Officer | 58 | $667,657 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tele Power Solutions Llc Telecommunication Services | 12/30/22 | $158,700 |
Cci Systems Telecommunication Services | 12/30/22 | $260,700 |
North Sky Communications Telecommunication Services | 12/30/22 | $716,235 |
Ciena Telecommunication Services | 12/30/22 | $261,314 |
Chr Solutions Telecommunication Services | 12/30/22 | $144,684 |
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 | $18,519,561 |
| Investment income | $226,851 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $97,946 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,505,503 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $250,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $4,742,073 |
| Compensation of current officers, directors, key employees. | $1,781,650 |
| 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 | $619,443 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $186,778 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,648,424 |
| Insurance | $0 |
| All other expenses | $362,168 |
| Total functional expenses | $18,844,360 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,656,741 |
| Savings and temporary cash investments | $3,652,580 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,669,053 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $550,063 |
| Prepaid expenses and deferred charges | $748,868 |
| Net Land, buildings, and equipment | $25,430,032 |
| Investments—publicly traded securities | $5,907,364 |
| Investments—other securities | $3,026,298 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $52,640,999 |
| Accounts payable and accrued expenses | $1,944,426 |
| 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 | $9,370,001 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $11,314,427 |
| 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 | $39,736 |
| Retained earnings, endowment, accumulated income, or other funds | $41,286,836 |
| Total liabilities and net assets/fund balances | $52,640,999 |