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Nonprofiteer
← CITIZENS MUTUAL TELEPHONE COOPERATIVE

Form 990 for tax year 2024

Filed by CITIZENS MUTUAL TELEPHONE COOPERATIVE.

Totals

Total revenue
$8,327,907
Total expenses
$7,575,452
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$7,756,868
Investment income
$323,359
Other revenue
$247,680
Total assets, end of year
$39,206,760
Total liabilities, end of year
$12,683,193
Net assets or fund balances, end of year
$26,523,567
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$0

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: TELECOM SERVICES

    total $7,756,868 · related or exempt $7,744,178 · unrelated business $12,690

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $323,359 · excluded $323,359

  • 6a · Gross rents

    real property $247,680

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $247,680 · personal property $0

  • 6d · Net rental income or loss

    total $247,680 · excluded $247,680

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $522,141

  • 5 · Compensation of officers, directors and key employees

    total $313,020

  • 7 · Other salaries and wages

    total $1,044,600

  • 8 · Pension plan contributions

    total $129,280

  • 9 · Other employee benefits

    total $281,710

  • 10 · Payroll taxes

    total $146,145

  • 11b · Fees: legal

    total $3,308

  • 11c · Fees: accounting

    total $137,547

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $185,669

  • 13 · Office expenses

    total $4,755

  • 14 · Information technology

    total $501,590

  • 16 · Occupancy

    total $131,515

  • 17 · Travel

    total $3,932

  • 22 · Depreciation, depletion and amortization

    total $2,197,771

  • 23 · Insurance

    total $19,653

  • 24a · Other expenses: PLANT SPECIFIC OPERATIONS

    total $680,251

  • 24b · Other expenses: COST OF SERVICES

    total $635,415

  • 24c · Other expenses: CUSTOMER OPERATIONS

    total $280,100

  • 24d · Other expenses: CORPORATE OPERATIONS

    total $262,680

  • 24e · All other expenses

    total $94,370

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $94,745 · end of year $593,461

  • 2 · Savings and temporary cash investments

    beginning of year $3,833,655 · end of year $8,234,310

  • 4 · Accounts receivable

    beginning of year $362,781 · end of year $281,489

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $81,170 · end of year $161,509

  • 8 · Inventories for sale or use

    beginning of year $2,705,197 · end of year $2,824,069

  • 9 · Prepaid expenses and deferred charges

    beginning of year $499,044 · end of year $599,817

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

    $54,052,724

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

    $31,194,605

  • 10c · Land, buildings and equipment, net

    beginning of year $16,719,996 · end of year $22,858,119

  • 12 · Investments: other securities

    beginning of year $3,510,968 · end of year $3,495,442

  • 13 · Investments: program-related

    beginning of year $0

  • 14 · Intangible assets

    beginning of year $88,016 · end of year $88,016

  • 15 · Other assets

    beginning of year $113,728 · end of year $70,528

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,845,154 · end of year $1,899,938

  • 19 · Deferred revenue

    beginning of year $9,985 · end of year $10,405,664

  • 22 · Loans and payables to officers and key people

    end of year $0

  • 25 · Other liabilities

    beginning of year $368,729 · end of year $377,591

  • 29 · Capital stock, trust principal or current funds

    beginning of year $63,060 · end of year $72,000

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

    beginning of year $14,609,899 · end of year $17,002,768

  • 31 · Retained earnings, endowment or other funds

    beginning of year $11,112,473 · end of year $9,448,799

Mission and programs · 2024

Mission

Provide advanced telecommunications services in southern Iowa.

Activities or mission (Part I)

Providing advanced telecommunications services in southern Iowa.

  • Provide internet access to approximately 3,500 members.

  • Provide telephone service to approximately 1,500 members.

  • Provide television services to approximately 836 members.

As filed on the 2024 return.

Listed in Part VII

  • Dean Hougland

    Director, Vice President

    Total calculated
    $600
    From this org
    $600
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Gary Dunlavy

    Director, President

    Total calculated
    $2,450
    From this org
    $2,450
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Sue Utt

    Director, Secretary & Treasurer

    Total calculated
    $1,950
    From this org
    $1,950
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Angela Shipley

    Director

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

  • David Rasmussen

    Director

    Total calculated
    $1,450
    From this org
    $1,450
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Gary French

    Director

    Total calculated
    $1,450
    From this org
    $1,450
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Jeff Greiner

    Director

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

  • Randy Jones

    Director

    Total calculated
    $500
    From this org
    $500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Rick Krenz

    Director

    Total calculated
    $800
    From this org
    $800
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Vince Tyson

    GENERAL MANAGER/ASSISTANT SECRETARY

    Total calculated
    $301,820
    From this org
    $199,826
    From related orgs
    $0
    Other
    $101,994
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $199,826
    Bonus
    $0
    Other
    $0
    Deferred
    $70,196
    Nontaxable benefits
    $31,798
    Filer's total
    $301,820

  • Brett Warning

    Central Office Technician

    Total calculated
    $197,496
    From this org
    $149,328
    From related orgs
    $0
    Other
    $48,168
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $149,328
    Bonus
    $0
    Other
    $0
    Deferred
    $33,244
    Nontaxable benefits
    $14,924
    Filer's total
    $197,496

  • Curtis C Benge

    Customer Experience Manager

    Total calculated
    $163,611
    From this org
    $101,906
    From related orgs
    $0
    Other
    $61,705
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $101,906
    Bonus
    $0
    Other
    $0
    Deferred
    $28,018
    Nontaxable benefits
    $33,687
    Filer's total
    $163,611

  • James Schooley

    Central Office Technician

    Total calculated
    $169,492
    From this org
    $105,451
    From related orgs
    $0
    Other
    $64,041
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $105,451
    Bonus
    $0
    Other
    $0
    Deferred
    $31,296
    Nontaxable benefits
    $32,745
    Filer's total
    $169,492

  • Trent Gregory

    Operations Manager

    Total calculated
    $188,266
    From this org
    $125,962
    From related orgs
    $0
    Other
    $62,304
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $125,962
    Bonus
    $0
    Other
    $0
    Deferred
    $34,965
    Nontaxable benefits
    $27,339
    Filer's total
    $188,266

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 · Compensation committee
  • 3 · Form 990 of other organizations
  • 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.

  • CITIZENS COMMUNICATIONS COMPANY

    C Corporation · COMMUNICATION · IA · 100% owned · share of income -$11,762 · share of assets $1,436,314 · controlled entity

    Directly controlled by CMTC

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.1
Source object
202533219349311193

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