Totals
- Total revenue
- $8,141,787
- Total expenses
- $6,238,596
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $8,045,450
- Investment income
- $27,917
- Other revenue
- $68,420
- Total assets, end of year
- $17,631,424
- Total liabilities, end of year
- $4,681,884
- Net assets or fund balances, end of year
- $12,949,540
- Program services expenses (Part IX)
- $6,090,570
- Management and general expenses
- $148,026
- Fundraising expenses
- $0
- Program service expenses (Part III)
- not reported
Program services were 97.6% 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: End User Revenue
total $345,656 · related or exempt $345,656
-
2b · Program service revenue: Local Network Service
total $1,034,591 · related or exempt $1,034,591
-
2c · Program service revenue: Network Access Revenue
total $3,440,361 · related or exempt $3,440,361
-
2d · Program service revenue: NonRegulated Revenues
total $3,103,097 · related or exempt $3,103,097
-
2e · Program service revenue: Other Operating
total $75,823 · related or exempt $75,823
-
2f · All other program service revenue
total $45,922 · related or exempt $45,922
-
3 · Investment income
total $27,917 · related or exempt $27,917
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6a · Gross rents
real property $18,000
-
6c · Rental income or loss
real property $18,000
-
6d · Net rental income or loss
total $18,000 · unrelated business $18,000
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$163,007
-
10b · Cost of goods sold
$125,856
-
10c · Net income from sales of inventory
total $37,151 · related or exempt $37,151
-
11a · Other revenue: Misc. Nonoperating
total $11,340 · related or exempt $11,340
-
11b · Other revenue: QVC Commission
total $1,929 · related or exempt $1,929
-
11e · Other revenue, total
$13,269
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 $0
-
5 · Compensation of officers, directors and key employees
total $212,839 · program services $64,813 · management and general $148,026
-
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 $0
-
11c · Fees: accounting
total $0
-
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 $0
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $119,818 · program services $119,818
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $1,506,044 · program services $1,506,044
-
23 · Insurance
total $0
-
24a · Other expenses: Nonregulated Services
total $2,663,737 · program services $2,663,737
-
24b · Other expenses: Customer Operations
total $761,033 · program services $761,033
-
24c · Other expenses: Plant Specific Operations
total $559,977 · program services $559,977
-
24d · Other expenses: Corporate Operations
total $330,052 · program services $330,052
-
24e · All other expenses
total $85,096 · program services $85,096
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
end of year $0
-
2 · Savings and temporary cash investments
beginning of year $586,327 · end of year $619,730
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $22,539 · end of year $26,184
-
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 $236,478 · end of year $399,406
-
9 · Prepaid expenses and deferred charges
beginning of year $57,345 · end of year $65,751
-
10a · Land, buildings and equipment: cost or other basis
$32,290,486
-
10b · Land, buildings and equipment: accumulated depreciation
$18,123,682
-
10c · Land, buildings and equipment, net
beginning of year $13,341,328 · end of year $14,166,804
-
11 · Investments: publicly traded securities
beginning of year $18,100 · end of year $18,100
-
12 · Investments: other securities
beginning of year $1,992,320 · end of year $1,896,348
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
beginning of year $148,403 · end of year $142,816
-
15 · Other assets
beginning of year $272,220 · end of year $296,285
-
17 · Accounts payable and accrued expenses
beginning of year $115,187 · end of year $148,751
-
19 · Deferred revenue
beginning of year $1,165,956 · end of year $1,081,156
-
23 · Secured mortgages and notes payable
beginning of year $4,300,404 · end of year $3,384,084
-
25 · Other liabilities
beginning of year $70,334 · end of year $67,893
-
29 · Capital stock, trust principal or current funds
beginning of year $5,101 · end of year $5,418
-
31 · Retained earnings, endowment or other funds
beginning of year $11,018,078 · end of year $12,944,122
Mission and programs · 2022
Mission
To conduct and carry on the business of providing telecommunication services of all types, including but not limited to the transmission of voice, data, and video using wire, radio, optical cable, or other communication channels to its subscribers and to do all things incident and necessary to carry forth such purpose.
-
Furnish telecommunication services to approximately 5418 subscribers in the rural area of western Mercer County.
As filed on the 2022 return.
Listed in Part VII
-
Mike Boley
President & CEO
- Total calculated
- $135,071
- From this org
- $135,071
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Jacqueline Muhlenkamp
Secretary
- Total calculated
- $65,468
- From this org
- $65,468
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Tim Berkenstock
Chairman
- Total calculated
- $2,640
- From this org
- $2,640
- From related orgs
- $0
- Other
- $0
- Hours/week
- 0
-
Joseph Bruns
Director
- Total calculated
- $2,510
- From this org
- $2,510
- From related orgs
- $0
- Other
- $0
- Hours/week
- 0
-
Alan Post
Director
- Total calculated
- $2,475
- From this org
- $2,475
- From related orgs
- $0
- Other
- $0
- Hours/week
- 0
-
William Gaerke
Director
- Total calculated
- $2,400
- From this org
- $2,400
- From related orgs
- $0
- Other
- $0
- Hours/week
- 0
-
Chuck Alig
Vice Chairman
- Total calculated
- $2,275
- From this org
- $2,275
- From related orgs
- $0
- Other
- $0
- Hours/week
- 0
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.
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.
-
Wabash Communications
C corp · Internet Service · OH · 100% owned · share of income $4,960,027 · share of assets $2,244,008 · controlled entity
Directly controlled by Wabash Mutual Telephone Company
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202323199349305832
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