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Nonprofiteer
← INTERBEL TELEPHONE COOPERATIVE INC

Form 990 for tax year 2024

Filed by INTERBEL TELEPHONE COOPERATIVE INC.

Totals

Total revenue
$16,429,765
Total expenses
$16,429,765
Contributions and grants received
$0
Grants paid
$17,000
Program service revenue
$16,138,171
Investment income
$291,594
Other revenue
$0
Total assets, end of year
$50,225,535
Total liabilities, end of year
$24,729,520
Net assets or fund balances, end of year
$25,496,015
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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: WIRELINE

    total $11,914,022 · related or exempt $11,914,022

  • 2b · Program service revenue: INTERNET

    total $4,043,012 · related or exempt $4,043,012

  • 2c · Program service revenue: MISCELLANEOUS

    total $157,665 · related or exempt $117,852 · unrelated business $39,813

  • 2d · Program service revenue: ALLOWANCE FOR CONSTRUCTION

    total $23,472 · related or exempt $23,472

  • 3 · Investment income

    total $291,594 · excluded $291,594

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $17,000

  • 4 · Benefits paid to or for members

    total $2,217,835

  • 5 · Compensation of officers, directors and key employees

    total $648,772

  • 20 · Interest

    total $627,077

  • 22 · Depreciation, depletion and amortization

    total $3,979,744

  • 24a · Other expenses: NONREGULATED EXPENSES

    total $3,829,831

  • 24b · Other expenses: PLANT SPECIFIC OPERATIO

    total $2,062,615

  • 24c · Other expenses: CORPORATE OPERATIONS

    total $1,004,788

  • 24d · Other expenses: CUSTOMER OPERATIONS

    total $974,556

  • 24e · All other expenses

    total $1,067,547

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,111,122 · end of year $2,227,229

  • 2 · Savings and temporary cash investments

    beginning of year $1,883,454 · end of year $2,056,841

  • 4 · Accounts receivable

    beginning of year $1,399,143 · end of year $1,988,235

  • 8 · Inventories for sale or use

    beginning of year $1,028,219 · end of year $944,450

  • 9 · Prepaid expenses and deferred charges

    beginning of year $250,251 · end of year $309,847

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

    $78,747,163

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

    $36,688,032

  • 10c · Land, buildings and equipment, net

    beginning of year $41,821,550 · end of year $42,059,131

  • 12 · Investments: other securities

    beginning of year $623,501 · end of year $639,802

  • 17 · Accounts payable and accrued expenses

    beginning of year $788,668 · end of year $1,056,251

  • 23 · Secured mortgages and notes payable

    beginning of year $25,464,568 · end of year $22,782,916

  • 25 · Other liabilities

    beginning of year $842,775 · end of year $890,353

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

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

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $24,021,229 · end of year $25,496,015

Mission and programs · 2024

Mission

PROVIDE TO OUR COMMUNITIES THE HIGHEST QUALITY, STATE-OF-THE-ART COMMUNICATIONS RELATED PRODUCTS AND SERVICES AT AFFORDABLE RATES; PROVIDE AN ENJOYABLE AND BENEFICIAL WORK ENVIRONMENT; AND OTHERWISE IMPROVE THE QUALITY OF LIFE IN OUR COMMUNITIES.

  • INTERBEL TELEPHONE COOPERATIVE, INC. CONTINUES TO PROVIDE BASIC PHONE SERVICE AND HIGH SPEED INTERNET ACCESS, SPECIFICALLY FOCUSING ON SUPPLYING FIBER OPTIC INTERNET SERVICES TO THE HOMES AND BUSINESSES, IN ADDITION TO SUPPLYING OTHER VARIOUS TELECOMMUNICATION SERVICES (UNIFIED COMMUNICATIONS AS A SERVICE).

As filed on the 2024 return.

Listed in Part VII

  • Michale Hedges

    BOARD PRESIDENT

    Total calculated
    $5,650
    From this org
    $5,650
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Craig Eaton

    BOARD VICE PRESIDENT

    Total calculated
    $6,150
    From this org
    $6,150
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Craig Sands

    BOARD SECRETARY/TREASURER

    Total calculated
    $6,150
    From this org
    $6,150
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Doug Purdy

    TRUSTEE

    Total calculated
    $6,450
    From this org
    $6,450
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Amy Truman

    TRUSTEE

    Total calculated
    $5,400
    From this org
    $5,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Jason Moothart

    GM/CEO

    Total calculated
    $274,780
    From this org
    $214,611
    From related orgs
    $0
    Other
    $60,169
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $185,235
    Bonus
    $29,376
    Other
    $0
    Deferred
    $29,516
    Nontaxable benefits
    $30,653
    Filer's total
    $274,780

  • Kevin Hodik

    CFO

    Total calculated
    $237,363
    From this org
    $183,226
    From related orgs
    $0
    Other
    $54,137
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $161,249
    Bonus
    $21,977
    Other
    $0
    Deferred
    $30,185
    Nontaxable benefits
    $23,952
    Filer's total
    $237,363

  • Brett Damaskos

    DIRECTOR OF SALES & MARKETING

    Total calculated
    $168,177
    From this org
    $124,740
    From related orgs
    $0
    Other
    $43,437
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $111,763
    Bonus
    $12,977
    Other
    $0
    Deferred
    $13,886
    Nontaxable benefits
    $29,551
    Filer's total
    $168,177

  • Jared Sherwood

    NETWORK OPERATIONS MANAGER

    Total calculated
    $185,791
    From this org
    $118,584
    From related orgs
    $0
    Other
    $67,207
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $108,778
    Bonus
    $9,806
    Other
    $0
    Deferred
    $37,379
    Nontaxable benefits
    $29,828
    Filer's total
    $185,791

  • Thomas Rasmussen

    IT & SECURITY MANAGER

    Total calculated
    $159,142
    From this org
    $112,518
    From related orgs
    $0
    Other
    $46,624
    Hours/week
    47.5

    Schedule J breakdown matched by us

    Base
    $105,291
    Bonus
    $7,227
    Other
    $0
    Deferred
    $16,993
    Nontaxable benefits
    $29,631
    Filer's total
    $159,142

  • Troy Unrein

    OSP SUPERVISOR

    Total calculated
    $203,676
    From this org
    $155,702
    From related orgs
    $0
    Other
    $47,974
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $142,725
    Bonus
    $12,977
    Other
    $0
    Deferred
    $17,924
    Nontaxable benefits
    $30,050
    Filer's total
    $203,676

  • Shanan Truman

    BUSINESS OFFICE SUPERVISOR

    Total calculated
    $149,654
    From this org
    $100,291
    From related orgs
    $0
    Other
    $49,363
    Hours/week
    45

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Provenance

Return type
form_990
Tax year
2024
Filed
22 October 2025
IRS schema version
2024v5.2
Source object
202523039349300932

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