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Nonprofiteer
← MINFORD TELEPHONE COMPANY

Form 990 for tax year 2023

Filed by MINFORD TELEPHONE COMPANY.

Totals

Total revenue
$2,907,358
Total expenses
$2,805,594
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$2,718,587
Investment income
$188,771
Other revenue
$0
Total assets, end of year
$41,026,081
Total liabilities, end of year
$24,285,288
Net assets or fund balances, end of year
$16,740,793
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: S/A REV INTER-NECA

    total $1,085,064 · related or exempt $1,085,064

  • 2b · Program service revenue: LOCAL SERVICE REVENUE

    total $776,137 · related or exempt $776,137

  • 2c · Program service revenue: INTERSTATE BROADBAND LINE CHG

    total $290,716 · related or exempt $290,716

  • 2d · Program service revenue: END USER REVENUE

    total $280,944 · related or exempt $280,944

  • 2e · Program service revenue: OTHER INCIDENTAL REVENUE

    total $97,216 · related or exempt $97,216

  • 2f · All other program service revenue

    total $188,510 · related or exempt $188,510

  • 3 · Investment income

    total $220,434 · excluded $220,434

  • 7a · Gross sales of assets other than inventory

    securities $2,070,101

  • 7b · Less cost or other basis and sales expenses

    securities $2,101,764

  • 7c · Gain or loss

    securities -$31,663

  • 7d · Net gain or loss

    total -$31,663 · excluded -$31,663

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $160,653

  • 7 · Other salaries and wages

    total $805,015

  • 8 · Pension plan contributions

    total $124,991

  • 9 · Other employee benefits

    total $261,020

  • 10 · Payroll taxes

    total $85,042

  • 20 · Interest

    total $53,435

  • 22 · Depreciation, depletion and amortization

    total $643,074

  • 24a · Other expenses: SERVICES

    total $229,836

  • 24b · Other expenses: GENERAL & ADMINISTRATIVE

    total $172,913

  • 24c · Other expenses: ACCESS EXPENSE

    total $83,871

  • 24d · Other expenses: NETWORK OPERATING EXPENSE

    total $82,753

  • 24e · All other expenses

    total $102,991

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,680,867 · end of year $3,048,515

  • 2 · Savings and temporary cash investments

    beginning of year $6,337,033 · end of year $3,468,405

  • 4 · Accounts receivable

    beginning of year $21,807,301 · end of year $25,446,237

  • 8 · Inventories for sale or use

    beginning of year $242,938 · end of year $255,699

  • 9 · Prepaid expenses and deferred charges

    beginning of year $176,845 · end of year $141,560

  • 10a · Land, buildings and equipment: cost or other basis

    $17,859,385

  • 10b · Land, buildings and equipment: accumulated depreciation

    $10,468,077

  • 10c · Land, buildings and equipment, net

    beginning of year $7,479,894 · end of year $7,391,308

  • 12 · Investments: other securities

    beginning of year $10,000 · end of year $10,000

  • 15 · Other assets

    beginning of year $1,233,963 · end of year $1,264,357

  • 17 · Accounts payable and accrued expenses

    beginning of year $21,746,644 · end of year $22,651,999

  • 25 · Other liabilities

    beginning of year $1,652,928 · end of year $1,633,289

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $204,832 · end of year $208,432

  • 31 · Retained earnings, endowment or other funds

    beginning of year $16,364,437 · end of year $16,532,361

Mission and programs · 2023

Mission

TO PROVIDE TELECOMMUNICATION SERVICES TO MEMBERS.

Activities or mission (Part I)

TO PROVIDE TELECOMMUNICATIONS SERVICES TO MEMBERS OF OUR COOPERATIVE ORGANIZATION.

  • TELECOMMUNICATIONS SERVICES TO MEMBERS

  • TO PROVIDE TELECOMMUNICATION SERVICES TO MEMBERS.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Paula McGraw

    GENERAL MANA

    Total calculated
    $135,328
    From this org
    $135,328
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Mary Jo Pritchard

    SECRETARY

    Total calculated
    $3,150
    From this org
    $3,150
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Richard Powell

    TREASURER

    Total calculated
    $2,925
    From this org
    $2,925
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Mark Risner

    VICE PRESIDE

    Total calculated
    $2,925
    From this org
    $2,925
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5

  • David Seidel

    PRESIDENT

    Total calculated
    $2,925
    From this org
    $2,925
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Shane Mougey

    BOARD MEMBER

    Total calculated
    $2,800
    From this org
    $2,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5

  • Craig Veach

    BOARD MEMBER

    Total calculated
    $2,800
    From this org
    $2,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5

  • Henry Collins

    BOARD MEMBER

    Total calculated
    $2,600
    From this org
    $2,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5

  • Jason Cottle

    BOARD MEMBER

    Total calculated
    $2,600
    From this org
    $2,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5

  • Marcus Williams

    BOARD MEMBER

    Total calculated
    $2,600
    From this org
    $2,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5

  • Casey Neal

    INTERIM GM

    Total calculated
    $0

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • FALCON1

    C CORP · NONREGBUS · OH

Provenance

Return type
form_990
Tax year
2023
Filed
2 July 2024
IRS schema version
2023v5.0
Source object
202402609349301250

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