Form 990 for tax year 2024
Filed by MULBERRY COOPERATIVE TELEPHONE COMPANY INCORPORATED.
Totals
- Total revenue
- $6,044,271
- Total expenses
- $6,161,206
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $5,881,138
- Investment income
- $163,133
- Other revenue
- $0
- Total assets, end of year
- $29,086,572
- Total liabilities, end of year
- $980,234
- Net assets or fund balances, end of year
- $28,106,338
- Program services expenses (Part IX)
- $6,114,540
- Management and general expenses
- $46,666
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $6,114,540
Program services were 99.2% 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: INTERNET SERVICE
total $2,477,847 · related or exempt $2,454,447 · unrelated business $23,400
-
2b · Program service revenue: NETWORK ACCESS SERVICE
total $1,673,059 · related or exempt $1,673,059
-
2c · Program service revenue: VIDEO SERVICES
total $1,145,726 · related or exempt $1,145,726
-
2d · Program service revenue: LOCAL SERVICE
total $337,509 · related or exempt $337,509
-
2e · Program service revenue: MISCELLANEOUS REVENUE
total $164,966 · related or exempt $61,436 · unrelated business $103,530
-
2f · All other program service revenue
total $82,031 · related or exempt $82,031
-
3 · Investment income
total $344,592 · excluded $344,592
-
7a · Gross sales of assets other than inventory
securities $2,856,394
-
7b · Less cost or other basis and sales expenses
securities $3,037,853
-
7c · Gain or loss
securities -$181,459
-
7d · Net gain or loss
total -$181,459 · related or exempt -$181,459
Functional expenses
Part IX, the statement of functional expenses.
-
11b · Fees: legal
total $8,292 · program services $8,292
-
11c · Fees: accounting
total $119,149 · program services $119,149
-
12 · Advertising and promotion
total $22,090 · program services $22,090
-
13 · Office expenses
total $9,468 · program services $9,468
-
20 · Interest
total $1,054 · program services $1,054
-
22 · Depreciation, depletion and amortization
total $1,196,875 · program services $1,196,875
-
23 · Insurance
total $18,825 · program services $18,825
-
24a · Other expenses: TAXES AND LICENSES
total $286,168 · program services $239,502 · management and general $46,666
-
24b · Other expenses: MAINTENANCE AND REPAIRS
total $2,199,981 · program services $2,199,981
-
24c · Other expenses: VIDEO PROGRAMMING
total $951,538 · program services $951,538
-
24d · Other expenses: INTERNET EXPENSE
total $604,544 · program services $604,544
-
24e · All other expenses
total $743,222 · program services $743,222
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $342 · end of year $575
-
2 · Savings and temporary cash investments
beginning of year $208,588 · end of year $697,525
-
4 · Accounts receivable
beginning of year $169,186 · end of year $167,253
-
7 · Other notes and loans receivable
beginning of year $32,738 · end of year $23,681
-
8 · Inventories for sale or use
beginning of year $370,507 · end of year $349,687
-
9 · Prepaid expenses and deferred charges
beginning of year $153,866 · end of year $150,662
-
10a · Land, buildings and equipment: cost or other basis
$28,183,172
-
10b · Land, buildings and equipment: accumulated depreciation
$8,729,003
-
10c · Land, buildings and equipment, net
beginning of year $17,601,050 · end of year $19,454,169
-
11 · Investments: publicly traded securities
beginning of year $8,977,604 · end of year $7,250,349
-
12 · Investments: other securities
beginning of year $147,158 · end of year $214,074
-
15 · Other assets
beginning of year $558,304 · end of year $778,597
-
17 · Accounts payable and accrued expenses
beginning of year $514,810 · end of year $976,001
-
25 · Other liabilities
beginning of year $3,791 · end of year $4,233
-
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 $27,700,742 · end of year $28,106,338
Mission and programs · 2024
Mission
TO PROVIDE TELECOMMUNICATIONS, LONG DISTANCE, VIDEO AND INTERNET SERVICES TO PATRONS ON A NON-PROFIT BASIS.
Activities or mission (Part I)
THE COOPERATIVE PROVIDES TELECOMMUNICATIONS, LONG DISTANCE, VIDEO AND INTERNET SERVICES.
-
THE COOPERATIVE PROVIDES TELECOMMUNICATIONS, LONG DISTANCE, VIDEO AND INTERNET SERVICES TO PATRONS ON A NON-PROFIT BASIS.
Expenses $6,114,540
As filed on the 2024 return.
Listed in Part VII
-
Gerald NealGERALD NEAL
DIRECTOR
- Total calculated
- $8,100
- From this org
- $8,100
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Jeffrey SiglerJEFFREY SIGLER
PRESIDENT
- Total calculated
- $11,233
- From this org
- $11,233
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Jon MyersJON MYERS
SECRETARY
- Total calculated
- $10,033
- From this org
- $10,033
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Gary LahrmanGARY LAHRMAN
DIRECTOR
- Total calculated
- $5,700
- From this org
- $5,700
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Randy CooperRANDY COOPER
VICE PRESIDENT
- Total calculated
- $8,233
- From this org
- $8,233
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Max WhitlockMAX WHITLOCK
DIRECTOR
- Total calculated
- $9,352
- From this org
- $9,352
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Craig SeagerCRAIG SEAGER
TREASURER
- Total calculated
- $9,733
- From this org
- $9,733
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Gregory MaishGREGORY MAISH
CEO
- Total calculated
- $188,592
- From this org
- $156,396
- From related orgs
- $0
- Other
- $32,196
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $155,896
- Bonus
- $500
- Other
- $0
- Deferred
- $9,624
- Nontaxable benefits
- $22,572
- Filer's total
- $188,592
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
- 2024
- Filed
- 21 July 2025
- IRS schema version
- 2024v5.2
- Source object
- 202502029349301380
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