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Nonprofiteer
← WASHINGTON COUNTY RURAL TELEPHONE COOPERATIVE INC

Form 990 for tax year 2022

Filed by WASHINGTON COUNTY RURAL TELEPHONE COOPERATIVE INC.

Totals

Total revenue
$7,151,551
Total expenses
$5,910,014
Contributions and grants received
$85,033
Grants paid
$0
Program service revenue
$6,979,285
Investment income
$30,645
Other revenue
$56,588
Total assets, end of year
$30,637,886
Total liabilities, end of year
$14,979,572
Net assets or fund balances, end of year
$15,658,314
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$5,910,014

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.

  • 1e · Government grants (contributions)

    $85,033

  • 2a · Program service revenue: NETWORK ACCESS SERVICE

    total $4,940,252 · related or exempt $4,940,252

  • 2b · Program service revenue: INTERNET REVENUE

    total $1,703,033 · related or exempt $1,703,033

  • 2c · Program service revenue: LOCAL SERVICE

    total $317,593 · related or exempt $317,449 · unrelated business $144

  • 2f · All other program service revenue

    total $18,407 · excluded $18,407

  • 3 · Investment income

    total $30,549 · excluded $30,549

  • 6a · Gross rents

    personal property $56,466

  • 6b · Less rental expenses

    personal property $0

  • 6c · Rental income or loss

    personal property $56,466

  • 6d · Net rental income or loss

    total $56,466 · related or exempt $56,466

  • 7a · Gross sales of assets other than inventory

    other assets $96

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

    other assets $0

  • 7c · Gain or loss

    other assets $96

  • 7d · Net gain or loss

    total $96 · excluded $96

  • 11a · Other revenue: DIRECTORY REVENUE

    total $122 · unrelated business $122

  • 11e · Other revenue, total

    $122

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $115,707

  • 8 · Pension plan contributions

    total $130,192

  • 11b · Fees: legal

    total $44,790

  • 11c · Fees: accounting

    total $84,319

  • 11f · Fees: investment management

    total $1,166

  • 12 · Advertising and promotion

    total $71,348

  • 16 · Occupancy

    total $164,793

  • 20 · Interest

    total $242,147

  • 22 · Depreciation, depletion and amortization

    total $1,995,333

  • 24a · Other expenses: TELEPHONE

    total $1,235,967

  • 24b · Other expenses: INTERNET EXPENSE

    total $1,214,280

  • 24c · Other expenses: CORPORATE OPERATIONS

    total $405,095

  • 24d · Other expenses: CUSTOMER OPERATIONS

    total $204,877

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,035,999 · end of year $1,132,671

  • 2 · Savings and temporary cash investments

    beginning of year $923,171 · end of year $2,062,260

  • 4 · Accounts receivable

    beginning of year $26,981 · end of year $856,594

  • 8 · Inventories for sale or use

    beginning of year $826,853 · end of year $739,344

  • 9 · Prepaid expenses and deferred charges

    beginning of year $93,485 · end of year $91,501

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

    $47,560,378

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

    $22,796,941

  • 10c · Land, buildings and equipment, net

    beginning of year $19,038,148 · end of year $24,763,437

  • 11 · Investments: publicly traded securities

    beginning of year $223,560 · end of year $0

  • 12 · Investments: other securities

    beginning of year $207,666 · end of year $888,866

  • 13 · Investments: program-related

    beginning of year $84,882 · end of year $84,882

  • 14 · Intangible assets

    beginning of year $16,164 · end of year $16,164

  • 15 · Other assets

    beginning of year $5,245,956 · end of year $2,167

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,655,026 · end of year $338,311

  • 19 · Deferred revenue

    beginning of year $2,170,823 · end of year $2,752,647

  • 23 · Secured mortgages and notes payable

    beginning of year $9,423,478 · end of year $11,888,614

  • 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 $14,473,538 · end of year $15,658,314

Mission and programs · 2022

Mission

TO PROVIDE TELECOMMUNICATIONS, LONG DISTANCE, AND INTERNET SERVICES TO PATRONS ON A NON-PROFIT BASIS.

Activities or mission (Part I)

THE CORPORATION PROVIDES TELECOMMUNICATION SERVICES TO ITS PATRONS ON A NON-PROFIT BASIS.

  • THE COMPANY PROVIDES TELECOMMUNICATION SERVICES INCLUDING INTERNET TO APPROXIMATELY 2,550 PATRONS ON A NON-PROFIT BASIS.

    Expenses $5,910,014 · Revenue $7,017,200

As filed on the 2022 return.

Listed in Part VII

  • Roland King

    PRESIDENT

    Total calculated
    $5,442
    From this org
    $5,442
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.5

  • David Gottbrath

    VICE PRESIDENT

    Total calculated
    $5,100
    From this org
    $5,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Dan Meador

    SECRETARY

    Total calculated
    $2,700
    From this org
    $2,700
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • John Hoke

    TREASURER

    Total calculated
    $4,901
    From this org
    $4,901
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Thomas Gray

    BOARD MEMBER

    Total calculated
    $4,550
    From this org
    $4,550
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Kevin Akers

    BOARD MEMBER

    Total calculated
    $2,316
    From this org
    $2,316
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • David Souder

    BOARD MEMBER

    Total calculated
    $4,400
    From this org
    $4,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Chris Broy

    GENERAL MANAGER

    Total calculated
    $92,578
    From this org
    $84,776
    From related orgs
    $0
    Other
    $7,802
    Hours/week
    43

  • Laurie Oetken

    CONTROLLER

    Total calculated
    $69,055
    From this org
    $62,540
    From related orgs
    $0
    Other
    $6,515
    Hours/week
    42

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.

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202441369349312614

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