North Georgia Network Cooperative Inc

Organization Overview

North Georgia Network Cooperative Inc is located in Cornelia, GA. The organization was established in 2012. 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 12/2021, North Georgia Network Cooperative Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Georgia Network Cooperative Inc is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.

For the year ending 12/2021, North Georgia Network Cooperative Inc generated $3.3m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $3.4m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

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.

Describe the Organization's Program Activity:

Part 3 - Line 4a

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


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Board, Officers & Key Employees

Name (title)Compensation
Paul Belk
President An
$304,160
Charles Auverman
Chair
$3,250
Billy Cantrell
Sec/treasure
$2,750
Roy Perren
Chair
$2,750
Ben Gilleland
Director
$2,750
Rick Wood
Director
$2,750

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$2,936,665
Investment income $14,512
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,287,743

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