Vernon Communications Cooperative Inc is located in Westby, WI. The organization was established in 1961. According to its NTEE Classification (W50) the organization is classified as: Telecommunications, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Vernon Communications Cooperative Inc employed 45 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vernon Communications 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, Vernon Communications Cooperative Inc generated $18.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $17.3m during the year ending 12/2021. While expenses have increased by 3.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
OUR GOAL IS TO BE THE BEST COMMUNICATIONS PROVIDER POSSIBLE AND PROMOTE ECONOMIC DEVELOPMENT IN OUR COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TELEPHONE AND RELATED TELECOMMUNICATIONS SERVICES TO 5,558 ACCESS LINES.
BROADBAND INTERNET ACCESS TO 7,545 SUBSCRIBERS.
IP TELEVISION SERVICES TO 3,646 SUBSCRIBERS
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Rodney Olson CEO | Officer | 40 | $257,899 |
Scott Haakenson Controller | 40 | $126,428 | |
Matthew Mcgarry Director Of Operations | 40 | $124,001 | |
David Dregne Director/vice President | OfficerTrustee | 2.92 | $15,800 |
Bradley Gabrielson Director/president | OfficerTrustee | 4.77 | $15,800 |
Trudy Wallin Director/secretary/treasurer | OfficerTrustee | 3.25 | $15,200 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
White Construction Inc Cable Construction | 12/30/21 | $1,896,456 |
Sorenson Telcom Splicing Llc Cable Splicing | 12/30/21 | $320,656 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $5,181 |
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 | $5,181 |
Total Program Service Revenue | $17,733,299 |
Investment income | $55,050 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $73,070 |
Net Gain/Loss on Asset Sales | -$73,800 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $18,296,533 |
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 | $2,286,589 |
Compensation of current officers, directors, key employees. | $423,166 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $2,248,270 |
Pension plan accruals and contributions | $105,425 |
Other employee benefits | $545,140 |
Payroll taxes | $191,722 |
Fees for services: Management | $0 |
Fees for services: Legal | $6,345 |
Fees for services: Accounting | $77,414 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $73,789 |
Office expenses | $0 |
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 | $440,150 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $2,834,089 |
Insurance | $0 |
All other expenses | $1,747,952 |
Total functional expenses | $17,342,968 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $2,552,231 |
Savings and temporary cash investments | $714,494 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $656,805 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $539,193 |
Prepaid expenses and deferred charges | $586,724 |
Net Land, buildings, and equipment | $35,269,020 |
Investments—publicly traded securities | $2,483,059 |
Investments—other securities | $955,166 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $43,756,692 |
Accounts payable and accrued expenses | $960,261 |
Grants payable | $0 |
Deferred revenue | $1,307,836 |
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 | $16,412,554 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $736,679 |
Total liabilities | $19,417,330 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $25,360 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $24,314,002 |
Total liabilities and net assets/fund balances | $43,756,692 |
Organization Name | Assets | Revenue |
---|---|---|
South Slope Cooperative Telephone Company Inc North Liberty, IA | $103,327,478 | $39,258,245 |
Merit Network Inc Ann Arbor, MI | $191,780,386 | $28,602,952 |
Vernon Communications Cooperative Inc Westby, WI | $43,756,692 | $18,296,533 |
Wabash Telephone Cooperative Inc Louisville, IL | $76,292,242 | $16,908,239 |
West Central Telephone Association Sebeka, MN | $34,025,496 | $12,330,279 |
Mid Century Telephone Cooperative -Inc- Fairview, IL | $76,982,945 | $10,851,505 |
Runestone Telephone Association Hoffman, MN | $32,214,901 | $11,495,965 |
Kalona Cooperative Telephone Company Kalona, IA | $16,733,268 | $7,276,052 |
Nelson Communications Cooperative Durand, WI | $35,266,110 | $8,238,356 |
Richland-Grant Telephone Cooperative Inc Blue River, WI | $18,746,059 | $6,374,669 |
Illnois Fiber Resources Group Nfp Sycamore, IL | $36,396,135 | $3,347,168 |
La Valle Telephone Cooperative La Valle, WI | $13,091,792 | $4,810,156 |