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← MID CENTURY TELEPHONE COOPERATIVE -INC-

Form 990 for tax year 2023

Filed by MID CENTURY TELEPHONE COOPERATIVE -INC-.

Totals

Total revenue
$13,206,738
Total expenses
$12,472,206
Contributions and grants received
$0
Grants paid
$4,000
Program service revenue
$10,738,818
Investment income
$1,600,669
Other revenue
$867,251
Total assets, end of year
$77,990,906
Total liabilities, end of year
$45,928,128
Net assets or fund balances, end of year
$32,062,778
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 $8,027,827 · related or exempt $8,027,827

  • 2b · Program service revenue: DSL REVENUE

    total $2,710,991 · related or exempt $2,710,991

  • 3 · Investment income

    total $1,600,669 · excluded $1,600,669

  • 6a · Gross rents

    real property $83,535

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $83,535

  • 6d · Net rental income or loss

    total $83,535 · excluded $83,535

  • 11a · Other revenue: EQUITY IN AFFILIATES EARNINGS

    total $734,532 · excluded $734,532

  • 11b · Other revenue: OTHER NON-OPERATING INCOME

    total $49,184 · excluded $49,184

  • 11e · Other revenue, total

    $783,716

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $4,000

  • 4 · Benefits paid to or for members

    total $2,271,427

  • 5 · Compensation of officers, directors and key employees

    total $33,425

  • 20 · Interest

    total $2,218,015

  • 22 · Depreciation, depletion and amortization

    total $3,493,716

  • 24a · Other expenses: MAINTENANCE EXPENSE

    total $2,379,367

  • 24b · Other expenses: GENERAL & ADMINISTRATIV

    total $823,615

  • 24c · Other expenses: SALES & MARKETING

    total $736,615

  • 24d · Other expenses: TRAFFIC EXPENSE

    total $300,895

  • 24e · All other expenses

    total $211,131

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,183,106 · end of year $2,341,630

  • 2 · Savings and temporary cash investments

    beginning of year $2,366 · end of year $1,037,352

  • 4 · Accounts receivable

    beginning of year $514,001 · end of year $513,660

  • 8 · Inventories for sale or use

    beginning of year $2,963,962 · end of year $3,060,064

  • 9 · Prepaid expenses and deferred charges

    beginning of year $271,710 · end of year $287,407

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

    $74,717,754

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

    $42,946,152

  • 10c · Land, buildings and equipment, net

    beginning of year $30,830,102 · end of year $31,771,602

  • 11 · Investments: publicly traded securities

    beginning of year $325,257 · end of year $376,290

  • 12 · Investments: other securities

    beginning of year $4,672,225 · end of year $5,406,757

  • 14 · Intangible assets

    beginning of year $145,301 · end of year $109,717

  • 15 · Other assets

    beginning of year $34,237,379 · end of year $33,086,427

  • 17 · Accounts payable and accrued expenses

    beginning of year $73,731 · end of year $1,115,445

  • 18 · Grants payable

    beginning of year $307,711 · end of year $307,711

  • 19 · Deferred revenue

    beginning of year $240 · end of year $1,738

  • 23 · Secured mortgages and notes payable

    beginning of year $45,910,178 · end of year $43,494,219

  • 25 · Other liabilities

    beginning of year $1,773,116 · end of year $1,009,015

  • 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 $29,080,433 · end of year $32,062,778

Mission and programs · 2023

Mission

TO ENHANCE THE VALUE PROVIDED TO MEMBERS, CUSTOMERS AND OUR COMMUNITIES BY CREATIVELY AND INTENSELY SEARCHING FOR GROWTH OPPORTUNITIES WITHIN THE COMMUNICATIONS INDUSTRY, WHICH WILL ALLOW US TO PROVIDE COMPETITIVE COMMUNICATIONS SERVICES TO OUR MEMBERS, CUSTOMERS AND COMMUNITIES.

Activities or mission (Part I)

SALE OF COMMUNICATION SERVICES TO MEMBERS, CUSTOMERS AND COMMUNITIES.

  • MID CENTURY TELEPHONE CO-OPERATIVE CONTINUES TO PROVIDE BASIC PHONE SERVICES AND HIGH SPEED INTERNET ACCESS, SPECIFICALLY FOCUSING ON SUPPLYING FIBER OPTIC INTERNET SERVICES TO THE HOMES AND BUSINESSES, IN ADDITION TO SUPPLYING OTHER VARIOUS COMMUNICATION SERVICES.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Michael Gray

    PRESIDENT

    Total calculated
    $6,525
    From this org
    $6,525
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Sheila Blout

    DIRECTOR

    Total calculated
    $7,025
    From this org
    $7,025
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.5

  • Donna Cecil

    VICE PRESIDENT

    Total calculated
    $3,775
    From this org
    $3,775
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.5

  • Randall Hellyer

    TREASURER

    Total calculated
    $3,775
    From this org
    $3,775
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.5

  • Tonya Pike

    SECRETARY

    Total calculated
    $3,775
    From this org
    $3,775
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.5

  • Daniel Erickson

    DIRECTOR (THRU 9/23)

    Total calculated
    $2,525
    From this org
    $2,525
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.5

  • Ray McCausland

    DIRECTOR

    Total calculated
    $5,025
    From this org
    $5,025
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.5

  • Daniel Lundeen

    DIRECTOR

    Total calculated
    $1,000
    From this org
    $1,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.5

  • James Broemmer

    CEO

    Total calculated
    $0
    Hours/week
    32

  • Aaron Buck

    DIRECTOR OF OPERATIONS

    Total calculated
    $124,206
    From this org
    $106,011
    From related orgs
    $0
    Other
    $18,195
    Hours/week
    40

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.

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.

  • CENCOMM INC

    C · INVESTMENT · IL · 100% owned · share of income $734,532 · share of assets $3,902,460 · controlled entity

    Directly controlled by MID CENTURY TELEPHONE

  • CENTURY ENTERPRISES INC

    C · TELECOMMUNICATIONS · IL · 100% owned · share of income $6,360,686 · share of assets $36,191,304 · controlled entity

    Directly controlled by CENCOMM

Provenance

Return type
form_990
Tax year
2023
Filed
8 October 2024
IRS schema version
2023v5.1
Source object
202432849349301533

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