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← WELLMAN COOPERATIVE TELEPHONE ASSOCIATION

Form 990 for tax year 2023

Filed by WELLMAN COOPERATIVE TELEPHONE ASSOCIATION.

Totals

Total revenue
$3,080,861
Total expenses
$3,001,699
Contributions and grants received
$0
Grants paid
$9,812
Program service revenue
$2,888,976
Investment income
$49,816
Other revenue
$142,069
Total assets, end of year
$10,040,834
Total liabilities, end of year
$4,059,607
Net assets or fund balances, end of year
$5,981,227
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$0

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: Telecommunications Services

    total $2,888,976 · related or exempt $2,888,976

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $49,816 · excluded $49,816

  • 6a · Gross rents

    real property $117,168

  • 6b · Less rental expenses

    real property $1,180

  • 6c · Rental income or loss

    real property $115,988 · personal property $0

  • 6d · Net rental income or loss

    total $115,988 · related or exempt $100,035 · excluded $15,953

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 10a · Gross sales of inventory

    $3,890

  • 10b · Cost of goods sold

    $6,513

  • 10c · Net income from sales of inventory

    total -$2,623 · related or exempt -$2,623

  • 11a · Other revenue: DIRECTORY REVENUE

    total $16,156 · unrelated business $8,092 · excluded $8,064

  • 11b · Other revenue: K-1 INCOME/LOSS

    total -$3,869 · excluded -$3,869

  • 11c · Other revenue: ALL OTHER MISC REVENUE

    total $16,417 · excluded $16,417

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $28,704

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $9,812

  • 4 · Benefits paid to or for members

    total $434,528

  • 5 · Compensation of officers, directors and key employees

    total $196,794

  • 7 · Other salaries and wages

    total $132,473

  • 8 · Pension plan contributions

    total $4,512

  • 9 · Other employee benefits

    total $116,749

  • 10 · Payroll taxes

    total $29,468

  • 11b · Fees: legal

    total $3,645

  • 11c · Fees: accounting

    total $118,081

  • 11g · Fees: other

    total $0

  • 13 · Office expenses

    total $17,611

  • 20 · Interest

    total $111,372

  • 22 · Depreciation, depletion and amortization

    total $547,032

  • 24a · Other expenses: PLANT SPECIFIC OPERATIONS

    total $679,227

  • 24b · Other expenses: COST OF VIDEO SERVICES

    total $420,121

  • 24c · Other expenses: PLANT NON-SPECIFIC OPERATION

    total $83,067

  • 24d · Other expenses: CUSTOMER OPERATIONS

    total $74,946

  • 24e · All other expenses

    total $22,261

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,358,602 · end of year $1,211,493

  • 2 · Savings and temporary cash investments

    beginning of year $304,456 · end of year $20,011

  • 4 · Accounts receivable

    beginning of year $89,830 · end of year $721,790

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $31,790 · end of year $29,007

  • 9 · Prepaid expenses and deferred charges

    beginning of year $65,900 · end of year $88,464

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

    $12,660,430

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

    $6,332,036

  • 10c · Land, buildings and equipment, net

    beginning of year $6,690,359 · end of year $6,328,394

  • 12 · Investments: other securities

    beginning of year $1,088,927 · end of year $1,114,527

  • 13 · Investments: program-related

    beginning of year $0

  • 14 · Intangible assets

    beginning of year $10,000 · end of year $10,000

  • 15 · Other assets

    beginning of year $496,573 · end of year $517,148

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,830,650 · end of year $1,282,685

  • 18 · Grants payable

    beginning of year $383,106 · end of year $780,551

  • 19 · Deferred revenue

    beginning of year $15,381 · end of year $8,403

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $1,941,768 · end of year $1,526,250

  • 25 · Other liabilities

    beginning of year $500,536 · end of year $461,718

  • 31 · Retained earnings, endowment or other funds

    beginning of year $5,464,996 · end of year $5,981,227

Mission and programs · 2023

Mission

TO PROVIDE HIGH QUALITY, RELIABLE TELECOMMUNICATIONS sERVICES TO ITS MEMBERS.

Activities or mission (Part I)

TO PROVIDE HIGH QUALITY, RELIABLE, TELECOMMUNICATIONS SERVICES TO ITS MEMBERS.

  • THE COOPERATIVE PROVIDES QUALITY SERVICES TO ITS MEMBER SUBSCRIBERS WE HAVE BUILT OUR ENTIRE SERVICE AREA WITH FIBER TO PROVIDE HIGH SPEED INTERNET, VIDEO, LOCAL EXCHANGE SERVICES AND TOLL SERVICES. WE PROVIDE EQUIPMENT FOR SALE OR LEASE AND INSTALLATION AND MAINTENANCE OF CUSTOMER PREMISE WIRING AND OTHER MISCELLANEOUS SERVICES. WE ALSO PROVIDE TRANSPORT FROM OUR TOWERS.

As filed on the 2023 return.

Listed in Part VII

  • Diane Brenneman

    PRESIDENT

    Total calculated
    $2,700
    From this org
    $2,700
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5

  • Jeremy Statler

    DIRECTOR

    Total calculated
    $2,805
    From this org
    $2,805
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5

  • Jonathan Chalupa

    DIRECTOR

    Total calculated
    $2,550
    From this org
    $2,550
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5

  • Leroy Powell

    DIRECTOR

    Total calculated
    $3,060
    From this org
    $3,060
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5

  • Nicole Slabaugh

    DIRECTOR

    Total calculated
    $2,970
    From this org
    $2,970
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5

  • Terra Huber

    DIRECTOR

    Total calculated
    $2,040
    From this org
    $2,040
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5

  • Tony Stutzman

    DIRECTOR

    Total calculated
    $3,180
    From this org
    $3,180
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5

  • Dion Schminke

    COO

    Total calculated
    $177,489
    From this org
    $135,109
    From related orgs
    $0
    Other
    $42,380
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $135,109
    Bonus
    $0
    Other
    $0
    Deferred
    $6,054
    Nontaxable benefits
    $36,326
    Filer's total
    $177,489

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 corporations and trusts

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

  • WKIJ COMMUNICATIONS

    C Corporation · INVESTMENT · IA · 100% owned · share of income $29,719 · share of assets $489,852 · controlled entity

    Directly controlled by WELLMAN COOP

Provenance

Return type
form_990
Tax year
2023
Filed
7 October 2024
IRS schema version
2023v5.1
Source object
202402819349302255

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