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Nonprofiteer
← INTERBEL TELEPHONE COOPERATIVE INC

Form 990 for tax year 2022

Filed by INTERBEL TELEPHONE COOPERATIVE INC.

Totals

Total revenue
$13,513,212
Total expenses
$13,513,212
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$13,146,589
Investment income
$366,623
Other revenue
$0
Total assets, end of year
$52,339,474
Total liabilities, end of year
$29,840,303
Net assets or fund balances, end of year
$22,499,171
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 $9,585,131 · related or exempt $9,585,131

  • 2b · Program service revenue: INTERNET

    total $3,397,893 · related or exempt $3,397,893

  • 2c · Program service revenue: MISCELLANEOUS

    total $129,563 · related or exempt $80,289 · unrelated business $49,274

  • 2d · Program service revenue: ALLOWANCE FOR CONSTRUCTION

    total $34,002 · related or exempt $34,002

  • 3 · Investment income

    total $254,673 · excluded $254,673

  • 7a · Gross sales of assets other than inventory

    other assets $156,972

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

    other assets $45,022

  • 7c · Gain or loss

    other assets $111,950

  • 7d · Net gain or loss

    total $111,950 · excluded $111,950

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $2,052,490

  • 5 · Compensation of officers, directors and key employees

    total $473,106

  • 20 · Interest

    total $798,091

  • 22 · Depreciation, depletion and amortization

    total $3,827,243

  • 24a · Other expenses: NONREGULATED EXPENSES

    total $1,910,976

  • 24b · Other expenses: PLANT SPECIFIC OPERATIO

    total $1,869,930

  • 24c · Other expenses: CORPORATE OPERATIONS

    total $794,001

  • 24d · Other expenses: PLANT NONSPECIFIC OPERA

    total $774,885

  • 24e · All other expenses

    total $1,012,490

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,334,591 · end of year $4,019,918

  • 2 · Savings and temporary cash investments

    beginning of year $199,448 · end of year $1,226,971

  • 4 · Accounts receivable

    beginning of year $1,177,812 · end of year $1,940,060

  • 8 · Inventories for sale or use

    beginning of year $496,521 · end of year $1,225,366

  • 9 · Prepaid expenses and deferred charges

    beginning of year $217,878 · end of year $176,100

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

    $73,916,850

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

    $30,775,590

  • 10c · Land, buildings and equipment, net

    beginning of year $44,073,618 · end of year $43,141,260

  • 12 · Investments: other securities

    beginning of year $595,872 · end of year $608,576

  • 15 · Other assets

    beginning of year $656 · end of year $1,223

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,031,969 · end of year $750,400

  • 23 · Secured mortgages and notes payable

    beginning of year $27,130,356 · end of year $28,346,840

  • 25 · Other liabilities

    beginning of year $836,924 · end of year $743,063

  • 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 $21,097,147 · end of year $22,499,171

Mission and programs · 2022

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 2022 return.

Listed in Part VII

  • Craig Sands

    TRUSTEE/SECRETARY TREASURER

    Total calculated
    $3,150
    From this org
    $3,150
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Craig Eaton

    TRUSTEE/VICE PRESIDENT

    Total calculated
    $3,585
    From this org
    $3,585
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Michael Hedges

    TRUSTEE/PRESIDENT

    Total calculated
    $3,750
    From this org
    $3,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Vick Tisdell

    TRUSTEE

    Total calculated
    $3,000
    From this org
    $3,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Stan Pluid

    TRUSTEE

    Total calculated
    $1,950
    From this org
    $1,950
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Jason Moothart

    GENERAL MANAGER/CEO

    Total calculated
    $249,154
    From this org
    $194,606
    From related orgs
    $0
    Other
    $54,548
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $173,229
    Bonus
    $13,357
    Other
    $8,020
    Deferred
    $38,058
    Nontaxable benefits
    $16,490
    Filer's total
    $249,154

  • Kevin Hodik

    CFO

    Total calculated
    $175,622
    From this org
    $127,341
    From related orgs
    $0
    Other
    $48,281
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $124,964
    Bonus
    $1,357
    Other
    $1,020
    Deferred
    $32,426
    Nontaxable benefits
    $15,855
    Filer's total
    $175,622

  • Troy Unrein

    DIRECTOR OF OPERATIONS

    Total calculated
    $138,315
    From this org
    $116,324
    From related orgs
    $0
    Other
    $21,991
    Hours/week
    45

  • Jared Sherwood

    NETWORK OPERATIONS SUPERVISOR

    Total calculated
    $125,781
    From this org
    $106,135
    From related orgs
    $0
    Other
    $19,646
    Hours/week
    50

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
31 October 2023
IRS schema version
2022v5.0
Source object
202303059349302915

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