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Nonprofiteer
← WEST CAROLINA RURAL TELEPHONE COOPERATIVE INC

Form 990 for tax year 2024

Filed by WEST CAROLINA RURAL TELEPHONE COOPERATIVE INC.

Totals

Total revenue
$34,370,845
Total expenses
$29,024,404
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$29,431,167
Investment income
$4,154,246
Other revenue
$785,432
Total assets, end of year
$152,677,072
Total liabilities, end of year
$37,979,492
Net assets or fund balances, end of year
$114,697,580
Program services expenses (Part IX)
$29,024,404
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$29,024,404

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 $19,342,073 · related or exempt $19,342,073

  • 2b · Program service revenue: NETWORK ACCESS REVENUE

    total $7,886,821 · related or exempt $7,886,821

  • 2c · Program service revenue: LOCAL NETWORK SERVICE

    total $2,202,273 · related or exempt $2,202,273

  • 3 · Investment income

    total $4,104,665 · excluded $4,104,665

  • 7a · Gross sales of assets other than inventory

    securities $48,345 · other assets $43,585

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

    securities $42,349 · other assets $0

  • 7c · Gain or loss

    securities $5,996 · other assets $43,585

  • 7d · Net gain or loss

    total $49,581 · excluded $49,581

  • 11a · Other revenue: OTHER

    total $785,432 · related or exempt $785,432

  • 11e · Other revenue, total

    $785,432

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $472,149 · program services $472,149

  • 7 · Other salaries and wages

    total $10,783,715 · program services $10,783,715

  • 20 · Interest

    total $150,887 · program services $150,887

  • 22 · Depreciation, depletion and amortization

    total $6,798,389 · program services $6,798,389

  • 24a · Other expenses: PLANT NON-SPECIFIC OPER

    total $3,239,739 · program services $3,239,739

  • 24b · Other expenses: CORPORATE OPERATIONS

    total $3,135,198 · program services $3,135,198

  • 24c · Other expenses: CUSTOMER OPERATIONS

    total $2,269,294 · program services $2,269,294

  • 24d · Other expenses: PLANT SPECIFIC OPERATIO

    total $1,957,236 · program services $1,957,236

  • 24e · All other expenses

    total $217,797 · program services $217,797

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $828,425 · end of year $1,691,151

  • 2 · Savings and temporary cash investments

    beginning of year $24,943 · end of year $33,009

  • 4 · Accounts receivable

    beginning of year $1,288,431 · end of year $2,427,932

  • 7 · Other notes and loans receivable

    beginning of year $314,760 · end of year $203,640

  • 8 · Inventories for sale or use

    beginning of year $464,149 · end of year $243,476

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,443,625 · end of year $1,133,620

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

    $137,928,501

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

    $92,346,405

  • 10c · Land, buildings and equipment, net

    beginning of year $44,907,507 · end of year $45,582,096

  • 11 · Investments: publicly traded securities

    beginning of year $1,203,429 · end of year $1,443,762

  • 12 · Investments: other securities

    beginning of year -$3,952,248 · end of year -$3,027,905

  • 13 · Investments: program-related

    beginning of year $701,976 · end of year $769,106

  • 14 · Intangible assets

    beginning of year $86,017 · end of year $51,610

  • 15 · Other assets

    beginning of year $99,470,669 · end of year $102,125,575

  • 17 · Accounts payable and accrued expenses

    beginning of year $11,013,088 · end of year $15,348,467

  • 19 · Deferred revenue

    beginning of year $7,999,085 · end of year $7,142,041

  • 23 · Secured mortgages and notes payable

    beginning of year $17,897,312 · end of year $15,488,984

  • 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 $109,872,198 · end of year $114,697,580

Mission and programs · 2024

Mission

TO DELIVER QUALITY COMMUNICATION SERVICES AT AFFORDABLE PRICES

Activities or mission (Part I)

WEST CAROLINA RURAL TELEPHONE COOPERATIVE, INC. IS A MEMBER-OWNED PROVIDER OF COMMUNICATIONS SERVICES IN WESTERN SOUTH CAROLINA.

  • PROVIDE QUALITY COMMUNICATION SERVICES TO THE WIDEST NUMBER OF USERS ON A NON-PROFIT, COOPERATIVE BASIS.

    Expenses $29,024,404 · Revenue $30,216,599

As filed on the 2024 return.

Listed in Part VII

  • Westley McAllister

    PRESIDENT

    Total calculated
    $16,657
    From this org
    $16,657
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Michael Thomas

    VICE PRESIDENT

    Total calculated
    $15,276
    From this org
    $15,276
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Jane Stone

    SECRETARY/TREASURER

    Total calculated
    $16,293
    From this org
    $16,293
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Talmadge Bussey

    DIRECTOR

    Total calculated
    $13,098
    From this org
    $13,098
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Lee Logan

    DIRECTOR

    Total calculated
    $13,912
    From this org
    $13,912
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Darren Lewis

    DIRECTOR

    Total calculated
    $13,062
    From this org
    $13,062
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Robert Hester

    DIRECTOR

    Total calculated
    $13,738
    From this org
    $13,738
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Eric McCall

    DIRECTOR

    Total calculated
    $12,491
    From this org
    $12,491
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Aimee Gray

    DIRECTOR

    Total calculated
    $13,261
    From this org
    $13,261
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Jeff Wilson

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $204,552
    From this org
    $204,552
    From related orgs
    $0
    Other
    $0
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $204,552
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $204,552

  • Lance Tade

    CHIEF FINANCIAL OFFICER

    Total calculated
    $139,809
    From this org
    $139,809
    From related orgs
    $0
    Other
    $0
    Hours/week
    45

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.

  • WEST CAROLINA COMMUNICATIONS LLC

    COMPETITIVE LOCAL EXCHANGE, INTERNET, AND VIDEO SERVICES · SC · income $24,043,318 · assets $39,292,227

    Directly controlled by WEST CAROLINA RURAL TELEPHONE COOPERATIVE INC

  • WC FIBER LLC

    COMPETITIVE LOCAL EXCHANGE AND INTERNET SERVICES · SC · income $33,423,182 · assets $135,818,293

    Directly controlled by WEST CAROLINA COMMUNICATIONS LLC

Provenance

Return type
form_990
Tax year
2024
Filed
4 November 2025
IRS schema version
2024v5.2
Source object
202543099349303104

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