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Nonprofiteer
← BASCOM MUTUAL TELEPHONE CO

Form 990 for tax year 2023

Filed by BASCOM MUTUAL TELEPHONE CO.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2023 , filed 17 November 2025. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total expenses
$5,183,839 changed to $5,161,808
Total assets, end of year
$19,201,931 changed to $19,320,629
Net assets or fund balances, end of year
$14,858,657 changed to $14,977,355

Totals

Total revenue
$8,547,836
Total expenses
$5,183,839
Contributions and grants received
$3,000,000
Grants paid
$0
Program service revenue
$5,078,694
Investment income
$396,645
Other revenue
$72,497
Total assets, end of year
$19,201,931
Total liabilities, end of year
$4,343,274
Net assets or fund balances, end of year
$14,858,657
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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.

  • 1e · Government grants (contributions)

    $3,000,000

  • 2a · Program service revenue: Cable TV Services Rev

    total $1,359,989 · related or exempt $1,359,989

  • 2b · Program service revenue: High-Speed Internet Rev

    total $1,643,448 · related or exempt $1,621,841 · unrelated business $21,607

  • 2c · Program service revenue: Miscellaneous Revenue

    total $56,128 · related or exempt $2,866 · unrelated business $53,262

  • 2d · Program service revenue: Telecommunications Rev.

    total $2,019,129 · related or exempt $2,021,313 · unrelated business -$2,184

  • 3 · Investment income

    total $396,645 · excluded $396,645

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6a · Gross rents

    personal property $72,497

  • 6c · Rental income or loss

    personal property $72,497

  • 6d · Net rental income or loss

    total $72,497 · unrelated business $72,497

  • 7d · Net gain or loss

    total $0

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $110,834

  • 5 · Compensation of officers, directors and key employees

    total $210,038

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $18,418

  • 11c · Fees: accounting

    total $149,686

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $109,213

  • 13 · Office expenses

    total $6,839

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $1,500

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $969,423

  • 23 · Insurance

    total $0

  • 24a · Other expenses: Programming Fees

    total $1,303,255

  • 24b · Other expenses: Internet Expense

    total $1,021,141

  • 24c · Other expenses: Customer Service Expense

    total $256,221

  • 24d · Other expenses: Other General Admin

    total $200,473

  • 24e · All other expenses

    total $826,798

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,384,115 · end of year $4,337,817

  • 2 · Savings and temporary cash investments

    beginning of year $2,639,375 · end of year $1,948,128

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $269,237 · end of year $234,714

  • 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

    end of year $0

  • 8 · Inventories for sale or use

    beginning of year $395,266 · end of year $373,459

  • 9 · Prepaid expenses and deferred charges

    beginning of year $49,933 · end of year $41,243

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

    $19,095,015

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

    $9,579,743

  • 10c · Land, buildings and equipment, net

    beginning of year $8,062,544 · end of year $9,515,272

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    beginning of year $2,314,823 · end of year $2,253,335

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $906,813 · end of year $497,963

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,404,476 · end of year $1,343,274

  • 19 · Deferred revenue

    end of year $3,000,000

  • 29 · Capital stock, trust principal or current funds

    beginning of year $41,900 · end of year $48,580

  • 31 · Retained earnings, endowment or other funds

    beginning of year $14,575,730 · end of year $14,810,077

Mission and programs · 2023

Mission

To provide, maintain and expand regulated local telephone, cable tv and high-speed internet services for the benefit of the members of the cooperative.

  • To provide, maintain and expand regulated local telephone, cable tv and high-speed internet services for the benefit of the members of the cooperative.

As filed on the 2023 return.

Listed in Part VII

  • Nate Brickner

    Key Employee

    Total calculated
    $169,567
    From this org
    $127,992
    From related orgs
    $0
    Other
    $41,575
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $127,992
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $41,575
    Filer's total
    $169,567

  • Laura Wise

    Asst. Treasurer

    Total calculated
    $113,213
    From this org
    $77,406
    From related orgs
    $0
    Other
    $35,807
    Hours/week
    40

  • Thomas Daniel

    President

    Total calculated
    $560
    From this org
    $560
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.8

  • Connie Coppus

    Secretary/Treas

    Total calculated
    $560
    From this org
    $560
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.8

  • Joseph Smith

    Trustee

    Total calculated
    $560
    From this org
    $560
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5

  • David Coppus

    Trustee

    Total calculated
    $560
    From this org
    $560
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5

  • Andrew Brickner

    Trustee

    Total calculated
    $560
    From this org
    $560
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5

  • Brent Berrier

    Trustee

    Total calculated
    $520
    From this org
    $520
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5

  • Matthew Hoover

    Vice President

    Total calculated
    $480
    From this org
    $480
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5

  • Jeffrey Oakleaf

    Trustee

    Total calculated
    $480
    From this org
    $480
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5

  • Tonya Breidenbach

    Trustee

    Total calculated
    $360
    From this org
    $360
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.3

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.

  • Bascom Advanced Services Inc

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • BTC Multimedia LLC

    Providing cable TV and high-speed internet services · OH · income $363,683 · assets $2,709,177

    Directly controlled by Bascom Mutual Telephone Company

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • Bascom Advanced Services Inc

    C Corp · Internet Access · OH · 100% owned · share of income $256,403 · share of assets $2,142,345

    Directly controlled by Bascom Mutual

Provenance

Return type
form_990
Tax year
2023
Filed
14 October 2024
IRS schema version
2023v5.1
Source object
202442889349301844

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