Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: TELEPHONE SERVICES

  total $15,264,197 · related or exempt $15,264,197

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

  total $691,544 · related or exempt $691,544

• 3 · Investment income

  total $579,071 · excluded $579,071

• 7a · Gross sales of assets other than inventory

  securities $1,995,000 · other assets $369,764

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

  securities $1,759,586 · other assets $259,412

• 7c · Gain or loss

  securities $235,414 · other assets $110,352

• 7d · Net gain or loss

  total $345,766 · excluded $345,766

• 11a · Other revenue: EQUITY INCOME-AFFILIATE

  total $222,230 · excluded $222,230

• 11e · Other revenue, total

  $222,230

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $500,000

• 4 · Benefits paid to or for members

  total $4,698,722

• 5 · Compensation of officers, directors and key employees

  total $2,019,191

• 16 · Occupancy

  total $591,028

• 20 · Interest

  total $149,940

• 22 · Depreciation, depletion and amortization

  total $3,702,958

• 24a · Other expenses: PLANT SPECIFIC

  total $3,168,859

• 24b · Other expenses: CUSTOMER OPERATIONS

  total $1,013,000

• 24c · Other expenses: PLANT NONSPECIFIC

  total $602,453

• 24d · Other expenses: CORPORATE OPERATIONS (N

  total $165,671

• 24e · All other expenses

  total $158,404

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $13,242,953 · end of year $15,659,592

• 2 · Savings and temporary cash investments

  beginning of year $4,293,650 · end of year $4,116,771

• 4 · Accounts receivable

  beginning of year $3,042,861 · end of year $1,612,825

• 8 · Inventories for sale or use

  beginning of year $609,576 · end of year $631,757

• 9 · Prepaid expenses and deferred charges

  beginning of year $718,283 · end of year $1,345,255

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

  $78,578,207

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

  $56,782,394

• 10c · Land, buildings and equipment, net

  beginning of year $23,711,793 · end of year $21,795,813

• 11 · Investments: publicly traded securities

  beginning of year $6,498,612 · end of year $9,444,106

• 12 · Investments: other securities

  beginning of year $3,291,120 · end of year $3,348,880

• 17 · Accounts payable and accrued expenses

  beginning of year $2,259,923 · end of year $2,486,516

• 23 · Secured mortgages and notes payable

  beginning of year $8,346,788 · end of year $7,317,571

• 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 $40,134 · end of year $40,528

• 31 · Retained earnings, endowment or other funds

  beginning of year $44,762,003 · end of year $48,110,384

The filer's explanations (Part III)

PART I, LINE 1A

DIRECTORS AND OFFICERS HAVE THE OPTION TO TRAVEL COMMERCIAL FIRST CLASS TO CONFERENCES BASED ON AVAILABILITY, TIMING, AND DURATION OF TRAVEL. TRAVEL AND REGISTRATION EXPENSES FOR TELECOMMUNICATIONS INDUSTRY CONFERENCES ATTENDED BY DIRECTORS AND OFFICERS OF THE COMPANY AND THEIR COMPANIONS ARE PAID FOR BY THE COMPANY. COMPANION TRAVEL COSTS ARE TAXABLE TO THE DIRECTOR AND OFFICER.

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 $222,230 · share of assets $2,718,903 · controlled entity

  Directly controlled by MOLALLA TELEPHONE COMPANY