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Nonprofiteer
← NORTH GEORGIA NETWORK COOPERATIVE INC

Form 990 for tax year 2023

Filed by NORTH GEORGIA NETWORK COOPERATIVE INC.

Totals

Total revenue
$6,199,338
Total expenses
$3,006,546
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$5,983,398
Investment income
$7,216
Other revenue
$208,724
Total assets, end of year
$6,715,423
Total liabilities, end of year
$627,818
Net assets or fund balances, end of year
$6,087,605
Program services expenses (Part IX)
$2,909,665
Management and general expenses
$96,881
Fundraising expenses
$0
Program service expenses (Part III)
$2,909,665

Program services were 96.8% 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: BROADBAND SERVICES

    total $5,983,398 · related or exempt $5,983,398

  • 3 · Investment income

    total $6,547 · excluded $6,547

  • 7a · Gross sales of assets other than inventory

    other assets $5,845

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

    other assets $5,176

  • 7c · Gain or loss

    other assets $669

  • 7d · Net gain or loss

    total $669 · related or exempt $669

  • 11a · Other revenue: OTHER REVENUE

    total $208,175 · related or exempt $208,175

  • 11b · Other revenue: EMPLOYEE BENEFIT REFUND

    total $549 · related or exempt $549

  • 11e · Other revenue, total

    $208,724

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $64,500 · program services $64,500

  • 9 · Other employee benefits

    total $50 · program services $50

  • 11b · Fees: legal

    total $114,829 · program services $114,829

  • 11c · Fees: accounting

    total $33,986 · management and general $33,986

  • 11g · Fees: other

    total $1,007,787 · program services $1,007,787

  • 12 · Advertising and promotion

    total $1,314 · program services $1,314

  • 13 · Office expenses

    total $9,402 · program services $9,402

  • 16 · Occupancy

    total $260,110 · program services $260,110

  • 17 · Travel

    total $29,165 · program services $29,165

  • 20 · Interest

    total $15,264 · management and general $15,264

  • 22 · Depreciation, depletion and amortization

    total $445,553 · program services $445,553

  • 23 · Insurance

    total $47,631 · management and general $47,631

  • 24a · Other expenses: OUTSIDE SERVICES

    total $437,885 · program services $437,885

  • 24b · Other expenses: COST OF BANDWIDTH

    total $260,939 · program services $260,939

  • 24c · Other expenses: REPAIRS AND MAINT

    total $127,409 · program services $127,409

  • 24d · Other expenses: BAD DEBT

    total $67,458 · program services $67,458

  • 24e · All other expenses

    total $83,264 · program services $83,264

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $369,620 · end of year $4,683,728

  • 4 · Accounts receivable

    beginning of year $438,032 · end of year $103,312

  • 8 · Inventories for sale or use

    beginning of year $108,333 · end of year $62,906

  • 9 · Prepaid expenses and deferred charges

    beginning of year $109,195 · end of year $149,470

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

    $3,093,801

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

    $1,626,334

  • 10c · Land, buildings and equipment, net

    beginning of year $1,702,239 · end of year $1,467,467

  • 13 · Investments: program-related

    beginning of year $38,007 · end of year $40,761

  • 15 · Other assets

    beginning of year $360,090 · end of year $207,779

  • 17 · Accounts payable and accrued expenses

    beginning of year $277,803 · end of year $368,781

  • 23 · Secured mortgages and notes payable

    beginning of year $265,962 · end of year $87,998

  • 25 · Other liabilities

    beginning of year $331,094 · end of year $171,039

  • 31 · Retained earnings, endowment or other funds

    beginning of year $2,250,657 · end of year $6,087,605

Mission and programs · 2023

Mission

TO PROVIDE IMPROVED ACCESS TO BROADBAND SERVICE TO CONSUMERS RESIDING IN UNDERSERVED AREAS OF NORTH GEORGIA AND TO STIMULATE DEMAND FOR BROADBAND, ECONOMIC GROWTH AND JOB CREATION.

  • TO PROVIDE IMPROVED ACCESS TO BROADBAND SERVICE TO CONSUMERS RESIDING IN UNDERSERVED AREAS OF NORTH GEORGIA AND TO STIMULATE DEMAND FOR BROADBAND, ECONOMIC GROWTH AND JOB CREATION

    Expenses $2,909,665 · Revenue $5,983,398

As filed on the 2023 return.

Listed in Part VII

  • Paul Belk

    PRESIDENT AN

    Total calculated
    $196,560
    From this org
    $21,000
    From related orgs
    $168,000
    Other
    $7,560

    Schedule J breakdown matched by us

    Base
    $21,000 + $168,000 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    $840 + $6,720 related
    Nontaxable benefits
    not reported
    Filer's total
    $21,840 + $174,720 related

  • Donna Unger

    INTERIM CEO

    Total calculated
    $30,000
    From this org
    $30,000
    From related orgs
    $0
    Other
    $0

  • Joe Patton

    DIRECTOR

    Total calculated
    $3,300
    From this org
    $3,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Bryan Ferguson

    CHAIR

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

  • Billy Cantrell

    DIRECTOR

    Total calculated
    $1,650
    From this org
    $1,650
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Jason Davis

    DIRECTOR

    Total calculated
    $1,650
    From this org
    $1,650
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Ben Gilleland

    DIRECTOR

    Total calculated
    $1,650
    From this org
    $1,650
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Roy Perren

    DIRECTOR

    Total calculated
    $1,650
    From this org
    $1,650
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Rick Wood

    DIRECTOR

    Total calculated
    $1,650
    From this org
    $1,650
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

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

None.

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 partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • POINT BROADBAND FIBER HOLDING LLC

    MANAGEMENT · AL

Provenance

Return type
form_990
Tax year
2023
Filed
15 April 2025
IRS schema version
2023v6.0
Source object
202511059349302911

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