Form 990 for tax year 2023
Filed by NORTH CENTRAL TELEPHONE COOPERATIVE CORP.
Totals
- Total revenue
- $49,707,577
- Total expenses
- $37,443,024
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $43,731,189
- Investment income
- $5,983,164
- Other revenue
- -$6,776
- Total assets, end of year
- $185,818,001
- Total liabilities, end of year
- $43,619,748
- Net assets or fund balances, end of year
- $142,198,253
- Program services expenses (Part IX)
- $37,443,024
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $37,443,024
Program services were 100.0% 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: TELEPHONE SERVICE
total $43,731,189 · related or exempt $43,731,189
-
3 · Investment income
total $5,983,164 · related or exempt $5,983,164
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6a · Gross rents
personal property $45,338
-
6b · Less rental expenses
personal property $100,485
-
6c · Rental income or loss
personal property -$55,147
-
6d · Net rental income or loss
total -$55,147 · unrelated business -$55,147
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: DIRECTORY ADVERTISING
total $48,371 · related or exempt $48,371
-
11e · Other revenue, total
$48,371
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $1,193,329 · program services $1,193,329
-
5 · Compensation of officers, directors and key employees
total $597,362 · program services $597,362
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $933,252 · program services $933,252
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $9,001,150 · program services $9,001,150
-
23 · Insurance
total $0
-
24a · Other expenses: INTERNET & VIDEO
total $8,956,602 · program services $8,956,602
-
24b · Other expenses: PLANT SPECIFIC OPERATING
total $7,722,412 · program services $7,722,412
-
24c · Other expenses: CUSTOMER OPERATIONS
total $2,799,129 · program services $2,799,129
-
24d · Other expenses: CORPORATE OPERATIONS
total $2,537,708 · program services $2,537,708
-
24e · All other expenses
total $3,702,080 · program services $3,702,080
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $44,458,702 · end of year $45,439,511
-
2 · Savings and temporary cash investments
beginning of year $6,748,653 · end of year $16,152,049
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $1,283,106 · end of year $1,269,787
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
beginning of year $219,737 · end of year $175,719
-
8 · Inventories for sale or use
beginning of year $2,775,343 · end of year $2,509,637
-
9 · Prepaid expenses and deferred charges
beginning of year $706,096 · end of year $644,239
-
10a · Land, buildings and equipment: cost or other basis
$205,737,979
-
10b · Land, buildings and equipment: accumulated depreciation
$133,282,592
-
10c · Land, buildings and equipment, net
beginning of year $73,904,521 · end of year $72,455,387
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
beginning of year $43,956,343 · end of year $46,687,377
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $381,477 · end of year $484,295
-
17 · Accounts payable and accrued expenses
beginning of year $1,357,845 · end of year $1,095,997
-
23 · Secured mortgages and notes payable
beginning of year $18,780,925 · end of year $15,820,950
-
25 · Other liabilities
beginning of year $30,007,548 · end of year $26,702,801
-
31 · Retained earnings, endowment or other funds
beginning of year $124,287,660 · end of year $142,198,253
Mission and programs · 2023
Mission
To provide members with reliable telecommunication services located within its rural trade area.
-
TO PROVIDE TELECOMMUNICATION SERVICES TO COOPERATIVE MEMBERS IN RURAL AREAS
Expenses $37,443,024 · Revenue $49,707,577
As filed on the 2023 return.
Listed in Part VII
-
JOHNNY L McCLANAHAN
President & CEO
- Total calculated
- $322,112
- From this org
- $275,666
- From related orgs
- $0
- Other
- $46,446
- Hours/week
- 55 + 5 related
Schedule J breakdown matched by us
- Base
- $275,666
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- $46,446
- Filer's total
- $322,112
-
John CarterJOHN CARTER
DIRECTOR TECH
- Total calculated
- $245,675
- From this org
- $165,329
- From related orgs
- $0
- Other
- $80,346
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $165,329
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- $80,346
- Filer's total
- $245,675
-
Donnie Steen
Director
- Total calculated
- $42,116
- From this org
- $42,116
- From related orgs
- $0
- Other
- $0
- Hours/week
- 10 + 1 related
-
Glen Hardcastle JrGLEN HARDCASTLE JR
Chairman
- Total calculated
- $41,930
- From this org
- $41,930
- From related orgs
- $0
- Other
- $0
- Hours/week
- 16 + 1 related
-
Jeff FlippinJEFF FLIPPIN
Director
- Total calculated
- $41,183
- From this org
- $41,183
- From related orgs
- $0
- Other
- $0
- Hours/week
- 12 + 1 related
-
Chad OwensCHAD OWENS
Director
- Total calculated
- $40,559
- From this org
- $40,559
- From related orgs
- $0
- Other
- $0
- Hours/week
- 10 + 1 related
-
Martha BowserMARTHA BOWSER
Director
- Total calculated
- $31,478
- From this org
- $31,478
- From related orgs
- $0
- Other
- $0
- Hours/week
- 12 + 1 related
-
Randy HarstonRANDY HARSTON
Vice Chairman
- Total calculated
- $29,144
- From this org
- $29,144
- From related orgs
- $0
- Other
- $0
- Hours/week
- 12 + 1 related
-
Kevin DickersonKEVIN DICKERSON
Director
- Total calculated
- $23,600
- From this org
- $23,600
- From related orgs
- $0
- Other
- $0
- Hours/week
- 12 + 1 related
-
Calvin GravesCALVIN GRAVES
Secretary
- Total calculated
- $17,120
- From this org
- $17,120
- From related orgs
- $0
- Other
- $0
- Hours/week
- 12 + 1 related
-
Chad EvittsCHAD EVITTS
Director
- Total calculated
- $8,120
- From this org
- $8,120
- From related orgs
- $0
- Other
- $0
- Hours/week
- 12 + 1 related
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 committee
- 3 · Written employment contract
- 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
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.
-
North Central Communications Inc
C CORP · Telecommunications · TN · 100% owned · controlled entity
-
North Central Security Services Inc
C CORP · Security monitoring and sales · TN · 100% owned
Directly controlled by North Central Commun
-
North Central Computer Technologies Inc
C corp · Leasing activities · TN · 100% owned
Directly controlled by North Central Commun
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 13 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202403189349302525
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