Mulberry Cooperative Telephone Company Incorporated
- Assets
- $26.1m
- Revenue
- $5.2m
- Investments
- $12.6m
- Employees
- 19
- Location
- Mulberry, IN
- Founding
- 07/1993
- Data as of
- 12/2020
- EIN
- 35-1892436
Organization Overview
Mulberry Cooperative Telephone Company Incorporated is located in Mulberry, IN. The organization was established in 1993. 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 12/2020, Mulberry Cooperative Telephone Company Incorporated employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mulberry Cooperative Telephone Company Incorporated 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 12/2020, Mulberry Cooperative Telephone Company Incorporated generated $5.2m in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $4.9m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE COOPERATIVE PROVIDES TELECOMMUNICATIONS, LONG DISTANCE, VIDEO AND INTERNET SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COOPERATIVE PROVIDES TELECOMMUNICATIONS, LONG DISTANCE, VIDEO AND INTERNET SERVICES TO PATRONS ON A NON-PROFIT BASIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randall Maish CEO | Officer | 40 | $159,079 |
Gregory Maish COO Sports Production | 40 | $112,823 | |
Jon Myers Secretary | OfficerTrustee | 1 | $6,700 |
Jeffrey Sigler President | OfficerTrustee | 1 | $6,500 |
Gerald Neal Treasurer | OfficerTrustee | 1 | $6,300 |
Randy Cooper Vice-President | OfficerTrustee | 1 | $6,200 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jm Excavating Cable Construction | 12/30/20 | $181,858 |
Ed Patton Construction Cable Construction | 12/30/20 | $114,886 |
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 | $4,995,212 |
| Investment income | $89,124 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $117,676 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,202,012 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,286 |
| Fees for services: Accounting | $104,797 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,951 |
| Office expenses | $8,350 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $52 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $867,539 |
| Insurance | $17,813 |
| All other expenses | $1,117,802 |
| Total functional expenses | $4,902,976 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,114 |
| Savings and temporary cash investments | $951,019 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $186,942 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $127,866 |
| Prepaid expenses and deferred charges | $110,801 |
| Net Land, buildings, and equipment | $8,998,528 |
| Investments—publicly traded securities | $3,073,557 |
| Investments—other securities | $12,599,425 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $85,500 |
| Total assets | $26,134,752 |
| Accounts payable and accrued expenses | $478,590 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $478,590 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $25,656,162 |
| Total liabilities and net assets/fund balances | $26,134,752 |
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|---|---|---|
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