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Nonprofiteer
← HEMINGFORD CO-OP TELEPHONE COMPANY

Form 990 for tax year 2023

Filed by HEMINGFORD CO-OP TELEPHONE COMPANY.

Totals

Total revenue
$2,794,223
Total expenses
$2,744,447
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$2,693,942
Investment income
$100,281
Other revenue
$0
Total assets, end of year
$16,374,954
Total liabilities, end of year
$4,180,052
Net assets or fund balances, end of year
$12,194,902
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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: NONMEMBER SOURCED PATRONAGE

    total $2,540,230 · related or exempt $2,540,230

  • 2b · Program service revenue: MEMBER SOURCED PATRONAGE

    total $514,406 · related or exempt $514,406

  • 2c · Program service revenue: MEMBER SOURCED NONPATRONAGE

    total $1,971 · related or exempt $1,971

  • 2d · Program service revenue: PATRONAGE DIVIDEND

    total -$362,665 · related or exempt -$362,665

  • 3 · Investment income

    total $83,092 · related or exempt $83,092

  • 7a · Gross sales of assets other than inventory

    securities $773,951 · other assets $20,267

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

    securities $775,305 · other assets $1,724

  • 7c · Gain or loss

    securities -$1,354 · other assets $18,543

  • 7d · Net gain or loss

    total $17,189 · related or exempt $17,189

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $738,407

  • 8 · Pension plan contributions

    total $94,564

  • 9 · Other employee benefits

    total $101,142

  • 20 · Interest

    total $193,176

  • 22 · Depreciation, depletion and amortization

    total $466,326

  • 24a · Other expenses: CORPORATE OPERATIONS

    total $519,103

  • 24b · Other expenses: PLANT SPECIFIC

    total $458,670

  • 24c · Other expenses: TAXES

    total $76,043

  • 24d · Other expenses: PLANT NON-SPECIFIC

    total $66,238

  • 24e · All other expenses

    total $30,778

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $452,347 · end of year $595,064

  • 2 · Savings and temporary cash investments

    beginning of year $100,000 · end of year $100,000

  • 4 · Accounts receivable

    beginning of year $292,936 · end of year $328,053

  • 9 · Prepaid expenses and deferred charges

    beginning of year $24,426 · end of year $27,583

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

    $13,639,171

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

    $9,417,309

  • 10c · Land, buildings and equipment, net

    beginning of year $4,609,559 · end of year $4,221,862

  • 11 · Investments: publicly traded securities

    beginning of year $2,394,172 · end of year $2,629,278

  • 12 · Investments: other securities

    beginning of year $24,558 · end of year $24,643

  • 15 · Other assets

    beginning of year $7,926,479 · end of year $8,448,471

  • 17 · Accounts payable and accrued expenses

    beginning of year $147,793 · end of year $331,617

  • 25 · Other liabilities

    beginning of year $4,338,379 · end of year $3,848,435

  • 29 · Capital stock, trust principal or current funds

    beginning of year $5,570 · end of year $5,750

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

    beginning of year -$669 · end of year -$459

  • 31 · Retained earnings, endowment or other funds

    beginning of year $11,333,404 · end of year $12,189,611

Mission and programs · 2023

Mission

PROVIDE TELECOMMUNICATIONS SERVICE TO RESIDENTS IN WESTERN NEBRASKA

  • PROVIDE COMMUNICATIONS SERVICE OVER A WIRELINE NETWORK TO SUBSCRIBERS IN NORTHWEST NEBRASKA

As filed on the 2023 return.

Listed in Part VII

  • Ryan Gasseling

    PRESIDENT

    Total calculated
    $5,740
    From this org
    $4,760
    From related orgs
    $980
    Other
    $0
    Hours/week
    1

  • Brad Delsing

    SECRETARY

    Total calculated
    $5,460
    From this org
    $4,480
    From related orgs
    $980
    Other
    $0
    Hours/week
    1

  • David Roes

    DIRECTOR

    Total calculated
    $5,145
    From this org
    $4,165
    From related orgs
    $980
    Other
    $0
    Hours/week
    1

  • Greg Hansen

    VICE PRESIDE

    Total calculated
    $5,040
    From this org
    $3,920
    From related orgs
    $1,120
    Other
    $0
    Hours/week
    1

  • Bruce Winten

    DIRECTOR

    Total calculated
    $4,900
    From this org
    $4,165
    From related orgs
    $735
    Other
    $0
    Hours/week
    1

  • Ed Wernke

    DIRECTOR

    Total calculated
    $3,675
    From this org
    $2,695
    From related orgs
    $980
    Other
    $0
    Hours/week
    1

  • Jessica Davies

    DIRECTOR

    Total calculated
    $2,695
    From this org
    $1,960
    From related orgs
    $735
    Other
    $0
    Hours/week
    1

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.

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.

  • MOBIUS COMMUNICATIONS COMPANY

    BROADBAND · NE · controlled entity

Provenance

Return type
form_990
Tax year
2023
Filed
4 October 2024
IRS schema version
2023v5.0
Source object
202412849349301621

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