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Nonprofiteer
← NORTH GEORGIA NETWORK COOPERATIVE INC

Form 990 for tax year 2024

Filed by NORTH GEORGIA NETWORK COOPERATIVE INC.

Totals

Total revenue
$1,441,273
Total expenses
$2,500,070
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,184,836
Investment income
$30,613
Other revenue
$225,824
Total assets, end of year
$5,640,702
Total liabilities, end of year
$312,002
Net assets or fund balances, end of year
$5,328,700
Program services expenses (Part IX)
$2,427,266
Management and general expenses
$72,804
Fundraising expenses
$0
Program service expenses (Part III)
$2,427,266

Program services were 97.1% 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 $1,184,836 · related or exempt $1,184,836

  • 3 · Investment income

    total $72,458 · excluded $72,458

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

    other assets $41,845

  • 7c · Gain or loss

    other assets -$41,845

  • 7d · Net gain or loss

    total -$41,845 · related or exempt -$41,845

  • 11a · Other revenue: OTHER REVENUE

    total $225,824 · related or exempt $225,824

  • 11e · Other revenue, total

    $225,824

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $45,850 · program services $45,850

  • 9 · Other employee benefits

    total $604 · program services $604

  • 11a · Fees: management

    total $586,979 · program services $586,979

  • 11b · Fees: legal

    total $58,890 · program services $58,890

  • 11c · Fees: accounting

    total $41,294 · management and general $41,294

  • 11g · Fees: other

    total $133,846 · program services $133,846

  • 12 · Advertising and promotion

    total $1,557 · program services $1,557

  • 13 · Office expenses

    total $13,084 · program services $13,084

  • 16 · Occupancy

    total $270,524 · program services $270,524

  • 17 · Travel

    total $17,715 · program services $17,715

  • 20 · Interest

    total $1,514 · management and general $1,514

  • 22 · Depreciation, depletion and amortization

    total $419,922 · program services $419,922

  • 23 · Insurance

    total $29,996 · management and general $29,996

  • 24a · Other expenses: OUTSIDE SERVICES

    total $473,892 · program services $473,892

  • 24b · Other expenses: REPAIRS AND MAINT

    total $169,160 · program services $169,160

  • 24c · Other expenses: COST OF BANDWIDTH

    total $155,739 · program services $155,739

  • 24d · Other expenses: DUE AND SUBS

    total $42,917 · program services $42,917

  • 24e · All other expenses

    total $36,587 · program services $36,587

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,683,728 · end of year $3,668,223

  • 4 · Accounts receivable

    beginning of year $103,312 · end of year $190,104

  • 8 · Inventories for sale or use

    beginning of year $62,906 · end of year $205,748

  • 9 · Prepaid expenses and deferred charges

    beginning of year $149,470 · end of year $148,586

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

    $2,401,216

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

    $1,032,464

  • 10c · Land, buildings and equipment, net

    beginning of year $1,467,467 · end of year $1,368,752

  • 13 · Investments: program-related

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

  • 15 · Other assets

    beginning of year $207,779 · end of year $18,528

  • 17 · Accounts payable and accrued expenses

    beginning of year $368,781 · end of year $291,689

  • 23 · Secured mortgages and notes payable

    beginning of year $87,998

  • 25 · Other liabilities

    beginning of year $171,039 · end of year $20,313

  • 31 · Retained earnings, endowment or other funds

    beginning of year $6,087,605 · end of year $5,328,700

Mission and programs · 2024

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 $2,427,266 · Revenue $1,184,836

As filed on the 2024 return.

Listed in Part VII

  • Mitchell Clouatre

    CEO

    Total calculated
    $201,770
    From this org
    $0
    From related orgs
    $181,224
    Other
    $20,546
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    not reported + $175,067 related
    Bonus
    not reported + $6,157 related
    Other
    not reported
    Deferred
    not reported + $19,023 related
    Nontaxable benefits
    not reported + $1,523 related
    Filer's total
    not reported + $201,770 related

  • Bryan Ferguson

    CHAIR

    Total calculated
    $8,450
    From this org
    $8,450
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Billy Cantrell

    DIRECTOR

    Total calculated
    $7,150
    From this org
    $7,150
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Jason Davis

    DIRECTOR

    Total calculated
    $7,150
    From this org
    $7,150
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Ben Gilleland

    DIRECTOR

    Total calculated
    $7,150
    From this org
    $7,150
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Joe Patton

    DIRECTOR

    Total calculated
    $7,150
    From this org
    $7,150
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Rick Wood

    DIRECTOR

    Total calculated
    $6,600
    From this org
    $6,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Roy Perren

    DIRECTOR

    Total calculated
    $2,200
    From this org
    $2,200
    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.

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 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
2024
Filed
11 November 2025
IRS schema version
2024v5.0
Source object
202543189349306589

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