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Nonprofiteer
← NORTH GEORGIA NETWORK COOPERATIVE INC

Form 990 for tax year 2022

Filed by NORTH GEORGIA NETWORK COOPERATIVE INC.

Totals

Total revenue
$3,437,461
Total expenses
$3,309,278
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$3,144,796
Investment income
$287
Other revenue
$292,378
Total assets, end of year
$3,125,516
Total liabilities, end of year
$874,859
Net assets or fund balances, end of year
$2,250,657
Program services expenses (Part IX)
$3,220,506
Management and general expenses
$88,772
Fundraising expenses
$0
Program service expenses (Part III)
$3,220,506

Program services were 97.3% 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 $3,144,796 · related or exempt $3,144,796

  • 3 · Investment income

    total $287 · excluded $287

  • 7a · Gross sales of assets other than inventory

    other assets $69,425

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

    other assets $69,425

  • 11a · Other revenue: OTHER REVENUE

    total $288,099 · related or exempt $288,099

  • 11b · Other revenue: UTILITIES REFUND

    total $4,279 · excluded $4,279

  • 11e · Other revenue, total

    $292,378

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $338,379 · program services $338,379

  • 7 · Other salaries and wages

    total $851,519 · program services $851,519

  • 8 · Pension plan contributions

    total $57,204 · program services $57,204

  • 9 · Other employee benefits

    total $2,258 · program services $2,258

  • 10 · Payroll taxes

    total $30,265 · program services $30,265

  • 11b · Fees: legal

    total $230,281 · program services $230,281

  • 11c · Fees: accounting

    total $16,500 · management and general $16,500

  • 11g · Fees: other

    total $60,253 · program services $60,253

  • 12 · Advertising and promotion

    total $150 · program services $150

  • 13 · Office expenses

    total $18,654 · program services $18,654

  • 16 · Occupancy

    total $281,410 · program services $281,410

  • 17 · Travel

    total $25,620 · program services $25,620

  • 20 · Interest

    total $19,207 · management and general $19,207

  • 22 · Depreciation, depletion and amortization

    total $387,937 · program services $387,937

  • 23 · Insurance

    total $53,065 · management and general $53,065

  • 24a · Other expenses: OUTSIDE SERVICES

    total $412,751 · program services $412,751

  • 24b · Other expenses: COST OF BANDWIDTH

    total $303,787 · program services $303,787

  • 24c · Other expenses: REPAIRS AND MAINT

    total $156,156 · program services $156,156

  • 24d · Other expenses: DUE AND SUBS

    total $28,331 · program services $28,331

  • 24e · All other expenses

    total $35,551 · program services $35,551

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $497,200 · end of year $369,620

  • 2 · Savings and temporary cash investments

    beginning of year $452,293

  • 4 · Accounts receivable

    beginning of year $152,952 · end of year $438,032

  • 8 · Inventories for sale or use

    beginning of year $173,284 · end of year $108,333

  • 9 · Prepaid expenses and deferred charges

    beginning of year $93,298 · end of year $109,195

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

    $3,190,306

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

    $1,488,067

  • 10c · Land, buildings and equipment, net

    beginning of year $1,634,699 · end of year $1,702,239

  • 13 · Investments: program-related

    beginning of year $38,202 · end of year $38,007

  • 15 · Other assets

    end of year $360,090

  • 17 · Accounts payable and accrued expenses

    beginning of year $319,268 · end of year $277,803

  • 23 · Secured mortgages and notes payable

    beginning of year $766,654 · end of year $265,962

  • 25 · Other liabilities

    end of year $331,094

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,956,006 · end of year $2,250,657

Mission and programs · 2022

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 $3,220,506 · Revenue $3,144,796

As filed on the 2022 return.

Listed in Part VII

  • Paul Belk

    PRESIDENT AN

    Total calculated
    $353,856
    From this org
    $318,629
    From related orgs
    $0
    Other
    $35,227
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $318,629
    Bonus
    not reported
    Other
    not reported
    Deferred
    $35,227
    Nontaxable benefits
    not reported
    Filer's total
    $353,856

  • Billy Cantrell

    SEC/TREASURE

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

  • Jason Davis

    DIRECTOR

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

  • Brian Ferguson

    DIRECTOR

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

  • Ben Gilleland

    DIRECTOR

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

  • Rick Wood

    DIRECTOR

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

  • Roy Perren

    CHAIR

    Total calculated
    $3,250
    From this org
    $3,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Charles Auverman

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Erik Brinke

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Allan Glidewell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joe Patton

    DIRECTOR

    Total calculated
    $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.

Provenance

Return type
form_990
Tax year
2022
Filed
3 November 2023
IRS schema version
2022v5.0
Source object
202303179349310145

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