Totals
- Total revenue
- $15,816,947
- Total expenses
- $12,261,598
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $14,884,930
- Investment income
- $183,497
- Other revenue
- $748,520
- Total assets, end of year
- $37,995,264
- Total liabilities, end of year
- $6,184,040
- Net assets or fund balances, end of year
- $31,811,224
- Program services expenses (Part IX)
- $12,261,598
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $12,261,598
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: OTHER SALES AND SERVICE
total $6,585,185 · related or exempt $6,585,185
-
2b · Program service revenue: NETWORK ACCESS REVENUE
total $5,780,662 · related or exempt $5,780,662
-
2c · Program service revenue: BASIC LOCAL NETWORK SERVICE
total $2,519,083 · related or exempt $2,519,083
-
3 · Investment income
total $183,497 · related or exempt $183,497
-
11a · Other revenue: UNREALIZED GAINS ON EQUITY SECURI
total $555,813 · related or exempt $555,813
-
11b · Other revenue: MISCELLANEOUS
total $123,638 · related or exempt $123,638
-
11c · Other revenue: OTHER INVESTMENT INCOME/LOSS
total $94,806 · related or exempt $94,806
-
11d · All other revenue
total -$25,737 · related or exempt -$36,063 · unrelated business $10,326
-
11e · Other revenue, total
$748,520
Functional expenses
Part IX, the statement of functional expenses.
-
20 · Interest
total $201,444 · program services $201,444
-
22 · Depreciation, depletion and amortization
total $2,551,517 · program services $2,551,517
-
24a · Other expenses: PLANT NON-SPECIFIC OPER
total $3,677,995 · program services $3,677,995
-
24b · Other expenses: PLANT-SPECIFIC OPERATIO
total $2,931,268 · program services $2,931,268
-
24c · Other expenses: CORPORATE OPERATIONS
total $1,974,456 · program services $1,974,456
-
24d · Other expenses: CUSTOMER OPERATIONS
total $892,820 · program services $892,820
-
24e · All other expenses
total $32,098 · program services $32,098
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $5,327,841 · end of year $6,175,405
-
4 · Accounts receivable
beginning of year $732,217 · end of year $692,281
-
8 · Inventories for sale or use
beginning of year $935,522 · end of year $1,063,507
-
10a · Land, buildings and equipment: cost or other basis
$60,769,370
-
10b · Land, buildings and equipment: accumulated depreciation
$38,619,871
-
10c · Land, buildings and equipment, net
beginning of year $21,030,801 · end of year $22,149,499
-
12 · Investments: other securities
beginning of year $6,419,272 · end of year $7,294,578
-
13 · Investments: program-related
beginning of year $197,392 · end of year $144,500
-
14 · Intangible assets
beginning of year $24,250 · end of year $24,250
-
15 · Other assets
beginning of year $1,027,509 · end of year $451,244
-
17 · Accounts payable and accrued expenses
beginning of year $585,031 · end of year $414,266
-
19 · Deferred revenue
beginning of year $119,955 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $6,835,194 · end of year $5,555,967
-
25 · Other liabilities
beginning of year $310,345 · end of year $213,807
-
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 $27,844,279 · end of year $31,811,224
Mission and programs · 2023
Mission
HARDY TELECOMMUNICATIONS, INC. IS A CUSTOMER-OWNED PROVIDER OF COMMUNICATIONS AND INFORMATION SERVICES, COMMITTED TO INNOVATION, AND DEDICATED TO ENHANCING THE QUALITY OF LIFE IN THE COMMUNITIES WE SERVE.
-
PROVIDES COMMUNICATIONS SERVICES TO MEMBERS IN WEST VIRGINIA.
Expenses $12,261,598
As filed on the 2023 return.
Listed in Part VII
-
Greg ZirkGREG ZIRK
PRESIDENT
- Total calculated
- $5,850
- From this org
- $5,850
- From related orgs
- $0
- Other
- $0
- Hours/week
- 4
-
Phyllis CookPHYLLIS COOK
VICE PRESIDENT
- Total calculated
- $2,600
- From this org
- $2,600
- From related orgs
- $0
- Other
- $0
- Hours/week
- 3
-
Victoria DyerVICTORIA DYER
SECRETARY
- Total calculated
- $2,600
- From this org
- $2,600
- From related orgs
- $0
- Other
- $0
- Hours/week
- 3
-
Harold MichaelHAROLD MICHAEL
TREASURER
- Total calculated
- $2,600
- From this org
- $2,600
- From related orgs
- $0
- Other
- $0
- Hours/week
- 3
-
Ward MalcolmWARD MALCOLM
MEMBER
- Total calculated
- $6,350
- From this org
- $6,350
- From related orgs
- $0
- Other
- $0
- Hours/week
- 3
-
Gerald SmithGERALD SMITH
MEMBER
- Total calculated
- $2,800
- From this org
- $2,800
- From related orgs
- $0
- Other
- $0
- Hours/week
- 3
-
Ervin Wilkins JrERVIN WILKINS JR
MEMBER
- Total calculated
- $6,100
- From this org
- $6,100
- From related orgs
- $0
- Other
- $0
- Hours/week
- 3
-
Reed WilliamsREED WILLIAMS
MEMBER
- Total calculated
- $3,750
- From this org
- $3,750
- From related orgs
- $0
- Other
- $0
- Hours/week
- 3
-
Scott ShermanSCOTT SHERMAN
GENERAL MANAGER
- Total calculated
- $239,882
- From this org
- $239,882
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $239,882
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $239,882
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 · 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.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
HARDYNET INC
PROVIDES INTERNET SERVICE TO HARDY TELECOMMUNICATIONS, INC. · WV · income $3,292,594 · assets $21,922,008
Directly controlled by HARDY TELECOMMUNICATIONS INC
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 29 October 2024
- IRS schema version
- 2023v5.1
- Source object
- 202413059349302011
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