Monitor Cooperative Telephone Company
- Assets
- $6.8m
- Revenue
- $2.1m
- Investments
- $1.7m
- Employees
- 6
- Location
- Woodburn, OR
- Founding
- 06/1931
- Data as of
- 12/2021
- EIN
- 93-0228976
Organization Overview
Monitor Cooperative Telephone Company is located in Woodburn, OR. The organization was established in 1931. 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, Monitor Cooperative Telephone Company employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Monitor Cooperative 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, Monitor Cooperative Telephone Company generated $2.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $2.0m during the year ending 12/2021. 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
THE COOPERATIVE PROVIDES TELECOMMUNICATIONS SERVICES TO ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COOPERATIVE PROVIDES TELECOMMUNICATION SERVICES TO ITS MEMBERS. AT DECEMBER 31, 2021, THERE WERE 321 ACCESS LINES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Geri Fraijo President/ceo | Officer | 40 | $159,882 |
Jon Lever Director | Trustee | 1 | $3,536 |
Jason Augustus Director | Trustee | 1 | $3,419 |
Barbara Iverson Chairperson | OfficerTrustee | 1 | $2,886 |
Kim Guest Secretary-Treasurer | OfficerTrustee | 1 | $2,669 |
Derek Pavlicek Vice Chairperson | OfficerTrustee | 1 | $2,613 |
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 | $2,031,817 |
| Investment income | $67,901 |
| 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 | $2,101,129 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,950 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $419,260 |
| Compensation of current officers, directors, key employees. | $233,916 |
| 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 | $7,423 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $252,272 |
| Insurance | $0 |
| All other expenses | $121,624 |
| Total functional expenses | $1,963,192 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,178,905 |
| Savings and temporary cash investments | $583,670 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $172,368 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $30,659 |
| Inventories for sale or use | $65,423 |
| Prepaid expenses and deferred charges | $57,549 |
| Net Land, buildings, and equipment | $3,021,357 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,700,246 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,810,177 |
| Accounts payable and accrued expenses | $40,752 |
| 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 | $236,671 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $218,490 |
| Total liabilities | $495,913 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $3,123 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $6,311,141 |
| Total liabilities and net assets/fund balances | $6,810,177 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
St Paul Cooperative Telephone Assn St Paul, OR | $3,035,100 | $1,009,678 |