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Nonprofiteer
← MOLALLA TELEPHONE COMPANY

Form 990 for tax year 2022

Filed by MOLALLA TELEPHONE COMPANY.

Totals

Total revenue
$18,505,503
Total expenses
$18,844,360
Contributions and grants received
$0
Grants paid
$250,000
Program service revenue
$18,519,561
Investment income
$324,797
Other revenue
-$338,855
Total assets, end of year
$52,640,999
Total liabilities, end of year
$11,314,427
Net assets or fund balances, end of year
$41,326,572
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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: TELEPHONE SERVICES

    total $17,892,975 · related or exempt $17,892,975

  • 2b · Program service revenue: NONREGULATED & OTHER OPERATING AC

    total $602,293 · related or exempt $602,293

  • 2c · Program service revenue: DIRECTORY REVENUE

    total $24,293 · related or exempt $13,959 · unrelated business $10,334

  • 3 · Investment income

    total $226,851 · excluded $226,851

  • 7a · Gross sales of assets other than inventory

    securities $611,892

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

    securities $513,946

  • 7c · Gain or loss

    securities $97,946

  • 7d · Net gain or loss

    total $97,946 · excluded $97,946

  • 11a · Other revenue: EQUITY INCOME-AFFILIATE

    total -$338,855 · excluded -$338,855

  • 11e · Other revenue, total

    -$338,855

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $250,000

  • 4 · Benefits paid to or for members

    total $4,742,073

  • 5 · Compensation of officers, directors and key employees

    total $1,781,650

  • 16 · Occupancy

    total $619,443

  • 20 · Interest

    total $186,778

  • 22 · Depreciation, depletion and amortization

    total $3,648,424

  • 24a · Other expenses: INCOME TAXES

    total $963

  • 24b · Other expenses: PLANT NONSPECIFIC

    total $3,459,957

  • 24c · Other expenses: PLANT SPECIFIC

    total $2,797,266

  • 24d · Other expenses: CUSTOMER OPERATIONS

    total $995,638

  • 24e · All other expenses

    total $362,168

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $9,274,487 · end of year $10,656,741

  • 2 · Savings and temporary cash investments

    beginning of year $2,516,969 · end of year $3,652,580

  • 4 · Accounts receivable

    beginning of year $2,248,266 · end of year $2,669,053

  • 8 · Inventories for sale or use

    beginning of year $509,575 · end of year $550,063

  • 9 · Prepaid expenses and deferred charges

    beginning of year $765,702 · end of year $748,868

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

    $75,438,179

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

    $50,008,147

  • 10c · Land, buildings and equipment, net

    beginning of year $26,613,875 · end of year $25,430,032

  • 11 · Investments: publicly traded securities

    beginning of year $5,725,780 · end of year $5,907,364

  • 12 · Investments: other securities

    beginning of year $3,865,152 · end of year $3,026,298

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,316,261 · end of year $1,944,426

  • 23 · Secured mortgages and notes payable

    beginning of year $10,387,263 · end of year $9,370,001

  • 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 $39,322 · end of year $39,736

  • 31 · Retained earnings, endowment or other funds

    beginning of year $38,776,960 · end of year $41,286,836

Mission and programs · 2022

Mission

MOLALLA TELEPHONE COMPANY AKA MOLALLA COMMUNICATIONS COMPANY IS AN OREGON COOPERATIVE CORPORATION PROVIDING TELEPHONE AND INTERNET SERVICES TO MEMBERS ON A COOPERATIVE BASIS.

Activities or mission (Part I)

COOPERATIVE TELEPHONE SERVICES

  • PROVIDE TELEPHONE AND INTERNET SERVICES TO COOPERATIVE MEMBERS.

As filed on the 2022 return.

Listed in Part VII

  • Marci Marsh

    CHAIRMAN

    Total calculated
    $21,075
    From this org
    $21,075
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Kae Wise

    SECRETARY

    Total calculated
    $20,100
    From this org
    $20,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Ron Jones

    VICE CHAIRMAN

    Total calculated
    $20,100
    From this org
    $20,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Rick Dishner

    DIRECTOR

    Total calculated
    $20,100
    From this org
    $20,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Edward Stafford

    DIRECTOR

    Total calculated
    $18,900
    From this org
    $18,900
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Stephen Loutzenhiser

    PRESIDENT - CEO

    Total calculated
    $734,486
    From this org
    $667,657
    From related orgs
    $0
    Other
    $66,829
    Hours/week
    58

    Schedule J breakdown matched by us

    Base
    $520,005
    Bonus
    $138,000
    Other
    $9,652
    Deferred
    $47,277
    Nontaxable benefits
    $19,552
    Filer's total
    $734,486

  • Lance Eves

    VICE PRESIDENT - COO

    Total calculated
    $498,169
    From this org
    $424,996
    From related orgs
    $0
    Other
    $73,173
    Hours/week
    58

    Schedule J breakdown matched by us

    Base
    $317,907
    Bonus
    $99,400
    Other
    $7,689
    Deferred
    $47,274
    Nontaxable benefits
    $25,899
    Filer's total
    $498,169

  • Terrance Simms

    VICE PRESIDENT - CFO

    Total calculated
    $448,720
    From this org
    $375,539
    From related orgs
    $0
    Other
    $73,181
    Hours/week
    58

    Schedule J breakdown matched by us

    Base
    $271,147
    Bonus
    $89,400
    Other
    $14,992
    Deferred
    $47,282
    Nontaxable benefits
    $25,899
    Filer's total
    $448,720

  • Daphne Lisac

    CONSUMER SERVICES MANAGER

    Total calculated
    $187,023
    From this org
    $145,260
    From related orgs
    $0
    Other
    $41,763
    Hours/week
    48

    Schedule J breakdown matched by us

    Base
    $136,030
    Bonus
    $8,420
    Other
    $810
    Deferred
    $22,562
    Nontaxable benefits
    $19,201
    Filer's total
    $187,023

  • Jeffrey Stockett

    SYSTEMS ADMINISTRATOR

    Total calculated
    $199,180
    From this org
    $150,458
    From related orgs
    $0
    Other
    $48,722
    Hours/week
    48

    Schedule J breakdown matched by us

    Base
    $140,098
    Bonus
    $9,118
    Other
    $1,242
    Deferred
    $23,104
    Nontaxable benefits
    $25,618
    Filer's total
    $199,180

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

  • 1a · Travel for companions
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 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

The filer's explanations (Part III)

PART I, LINE 1A
TRAVEL AND REGISTRATION EXPENSES FOR TELECOMMUNICATIONS INDUSTRY CONFERENCES ATTENDED BY OFFICERS OF THE COMPANY AND THEIR COMPANIONS ARE PAID FOR BY THE COMPANY. COMPANION TRAVEL COSTS ARE NOT TAXABLE TO THE OFFICER.

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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

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.

  • MOLALLA COMMUNICATIONS SYSTEMS INC

    C · INVESTMENT COMPANY · OR · 100% owned · share of income -$338,855 · share of assets $3,145,160 · controlled entity

    Directly controlled by MOLALLA TELEPHONE COMPANY

Provenance

Return type
form_990
Tax year
2022
Filed
8 August 2023
IRS schema version
2022v5.0
Source object
202332209349301423

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