Usfon Inc
- Assets
- $1.1m
- Revenue
- $571.5k
- Investments
- $0.0
- Employees
- 4
- Location
- Rockdale, TX
- Founding
- 06/2009
- Data as of
- 12/2022
- EIN
- 26-2137014
Organization Overview
Usfon Inc is located in Rockdale, TX. The organization was established in 2009. According to its NTEE Classification (Y22) the organization is classified as: Local Benevolent Life Insurance Associations, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2022, Usfon Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Usfon Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Usfon Inc generated $571.5k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $484.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (5.5%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE HELPED PROVIDE AFFORDABLE BROADBAND AND/OR VOICE SERVICES TO RURAL AND LOW-INCOME PERSONS OR ENTITIES, AS WELL AS TO EDUCATIONAL INSTITUTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lowell Feldman Chairman | 6 | $0 | |
Greg Hudson Director | 2 | $0 | |
Sara Leon Director | 2 | $0 | |
Brett Perlman Director | 2 | $0 | |
Brian Dehaven President | 40 | $102,595 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $38 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $571,485 |
| Total Revenue | $571,523 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $102,595 |
| Other employee salaries and wages | $94,117 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $15,089 |
| Depreciation | $24,506 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $246,551 |
| Total operating and administrative expenses | $484,458 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $484,458 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $104 |
| Savings and temporary cash investments | $57,401 |
| Net Accounts receivable | $60,594 |
| Net Pledges Receivable | $0 |
| Grants receivable | $21,661 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $9,858 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $313,909 |
| Other assets | $666,648 |
| Total assets | $1,130,175 |
| Accounts payable and accrued expenses | $37,195 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,597,072 |
| Total liabilities | $1,634,267 |