Skip to content
Nonprofiteer
← MOUNTAIN RURAL TELEPHONE COOPERATIVE CORPORATION

Form 990 for tax year 2022

Filed by MOUNTAIN RURAL TELEPHONE COOPERATIVE CORPORATION.

Totals

Total revenue
$30,286,018
Total expenses
$30,286,018
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$27,980,645
Investment income
$519,360
Other revenue
$1,786,013
Total assets, end of year
$145,442,350
Total liabilities, end of year
$8,809,825
Net assets or fund balances, end of year
$136,632,525
Program services expenses (Part IX)
$29,911,484
Management and general expenses
$374,534
Fundraising expenses
$0
Program service expenses (Part III)
$29,911,484

Program services were 98.8% 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: LOCAL TOLL AND INTERNET

    total $21,026,976 · related or exempt $21,026,976

  • 2b · Program service revenue: ACCESS REVENUE

    total $6,953,669 · related or exempt $6,953,669

  • 3 · Investment income

    total $519,360 · excluded $519,360

  • 11a · Other revenue: WHOLLY OWNED SUBSIDIARY

    total $1,699,639 · excluded $1,699,639

  • 11b · Other revenue: DIRECTORY ADVERTISING

    total $66,883 · related or exempt $41,467 · unrelated business $25,416

  • 11c · Other revenue: OTHER NONOPERATING INCOME

    total $13,452 · excluded $13,452

  • 11d · All other revenue

    total $6,039 · excluded $6,039

  • 11e · Other revenue, total

    $1,786,013

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $5,815,348 · program services $5,815,348

  • 5 · Compensation of officers, directors and key employees

    total $613,509 · program services $238,975 · management and general $374,534

  • 7 · Other salaries and wages

    total $4,012,992 · program services $4,012,992

  • 8 · Pension plan contributions

    total $521,024 · program services $521,024

  • 9 · Other employee benefits

    total $3,606,061 · program services $3,606,061

  • 10 · Payroll taxes

    total $338,050 · program services $338,050

  • 11c · Fees: accounting

    total $15,160 · program services $15,160

  • 20 · Interest

    total $121,841 · program services $121,841

  • 22 · Depreciation, depletion and amortization

    total $5,414,770 · program services $5,414,770

  • 23 · Insurance

    total $201,726 · program services $201,726

  • 24a · Other expenses: NONREGULATED EXPENSES

    total $7,760,000 · program services $7,760,000

  • 24b · Other expenses: PLANT SPECIFIC

    total $4,090,934 · program services $4,090,934

  • 24c · Other expenses: CORPORATE OPERATIONS

    total $2,266,747 · program services $2,266,747

  • 24d · Other expenses: PLANT NONSPECIFIC

    total $2,257,638 · program services $2,257,638

  • 24e · All other expenses

    total -$6,749,782 · program services -$6,749,782

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $26,301,886 · end of year $25,977,630

  • 2 · Savings and temporary cash investments

    beginning of year $11,952,134 · end of year $12,079,201

  • 4 · Accounts receivable

    beginning of year $202,074 · end of year $299,716

  • 8 · Inventories for sale or use

    beginning of year $1,398,301 · end of year $2,734,021

  • 9 · Prepaid expenses and deferred charges

    beginning of year $31,322 · end of year $43,639

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

    $138,245,782

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

    $89,760,910

  • 10c · Land, buildings and equipment, net

    beginning of year $48,620,785 · end of year $48,484,872

  • 15 · Other assets

    beginning of year $53,709,653 · end of year $55,823,271

  • 17 · Accounts payable and accrued expenses

    beginning of year $713,634 · end of year $1,210,332

  • 23 · Secured mortgages and notes payable

    beginning of year $5,367,073 · end of year $4,952,143

  • 25 · Other liabilities

    beginning of year $10,324,476 · end of year $2,647,350

  • 29 · Capital stock, trust principal or current funds

    beginning of year $141,564 · end of year $142,908

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

    beginning of year -$11,171,622 · end of year -$2,977,946

  • 31 · Retained earnings, endowment or other funds

    beginning of year $136,841,030 · end of year $139,467,563

Mission and programs · 2022

Mission

PROVIDE TELEPHONE SERVICE TO MEMBER OWNERS ON A PATRONAGE BASIS. SERVE APPROXIMATELY 12,500 CUSTOMERS MONTHLY.

  • PROVIDE TELEPHONE SERVICE TO MEMBER OWNERS ON A PATRONAGE BASIS. SERVE APPROXIMATELY 12,500 CUSTOMERS MONTHLY.

    Expenses $29,911,484

As filed on the 2022 return.

Listed in Part VII

  • Jimmie Jones

    PRESIDENT

    Total calculated
    $25,100
    From this org
    $25,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Katie Ison

    VICE PRESIDENT

    Total calculated
    $20,100
    From this org
    $20,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Jodi Lawson

    SECRETARY

    Total calculated
    $23,100
    From this org
    $23,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Susan Lynn Cable

    TREASURER

    Total calculated
    $23,600
    From this org
    $23,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Christopher Dickerson

    DIRECTOR

    Total calculated
    $17,675
    From this org
    $17,675
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Jackie Howard

    DIRECTOR

    Total calculated
    $19,600
    From this org
    $19,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Robert Bradley

    DIRECTOR

    Total calculated
    $23,600
    From this org
    $23,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Randy Halsey

    DIRECTOR

    Total calculated
    $14,100
    From this org
    $14,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • John M Helton

    DIRECTOR

    Total calculated
    $22,600
    From this org
    $22,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • John Nickell

    DIRECTOR

    Total calculated
    $22,100
    From this org
    $22,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Ronnie Ison

    CEO/GM

    Total calculated
    $289,682
    From this org
    $289,682
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $221,467
    Bonus
    $0
    Other
    $68,215
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $289,682

  • Billy Quentin Murphy

    ASST GENERAL MANAGER

    Total calculated
    $209,381
    From this org
    $209,381
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $153,067
    Bonus
    $0
    Other
    $56,314
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $209,381

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 · Written employment contract
  • 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.

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.

  • MOUNTAIN TELE-COMMUNICATIONS

    C · CELLULAR INVESTMENT · KY · 100% owned · share of income $1,699,639 · share of assets $52,917,583

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2023
IRS schema version
2022v5.0
Source object
202321359349310497

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.