Minnesota Telephone Association Inc
- Assets
- $1.3m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 8
- Location
- Stpaul, MN
- Founding
- 11/1944
- Data as of
- 09/2022
- EIN
- 41-0418730
Organization Overview
Minnesota Telephone Association Inc is located in Stpaul, MN. The organization was established in 1944. According to its NTEE Classification (W03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Public & Societal Benefit and related organizations. As of 09/2022, Minnesota Telephone Association Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minnesota Telephone Association Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 09/2022, Minnesota Telephone Association Inc generated $1.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $2.2m during the year ending 09/2022. While expenses have increased by 7.6% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ENHANCE THE SUCCESS AND VIABILITY OF ITS TELECOMMUNICATIONS INDUSTRY MEMBERS IN AN INCREASINGLY COMPETITIVE ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WITH OVER 400 MEMBERS, THE MTA ACTIVELY ADVOCATES AND REPRESENTS THE INTERESTS OF MINNESOTA'S TELECOM INDUSTRY, INCLUDING SMALL, MEDIUM AND LARGE TELECOMMUNICATIONS COMPANIES THAT PROVIDE ADVANCED VOICE, DATA, HIGH-SPEED INTERNET AND WIRELESS COMMUNICATIONS SERVICES. THE ORGANIZATION SERVES ITS MEMBERS BY INFORMING AND EDUCATING MEMBER COMPANIES ON SUBJECTS RELATING TO THE TELECOMMUNICATIONS INDUSTRY; DEVELOPING AND PROMOTING UNIFORM STANDARDS OF COMMUNICATIONS SERVICES, PROCEDURES AND PRACTICES; SUPPORTING THE PROVISION OF HIGH QUALITY, UNIVERSAL SERVICE FOR CONSUMERS; INFORMING AND EDUCATING CONSUMERS, LEGISLATORS AND REGULATORS ON THE NECESSITY, APPLICATIONS AND BENEFITS OF A RELIABLE, EFFICIENT AND MODERN TELECOMMUNICATIONS INFRASTRUCTURE AND THE NEED FOR ADEQUATE COMPENSATION TO FUND THE INFRASTRUCTURE; AND BY REPRESENTING THE MEMBER COMPANIES' INTERESTS BEFORE THE GENERAL PUBLIC AND LEGISLATIVE AND REGULATORY BODIES. MTA HOSTS THE NATION'S LARGEST STATE TELECOMMUNICATIONS CONVENTION AND TRADE SHOW. THE 2022 ANNUAL CONVENTION WAS HELD MARCH 14 THROUGH MARCH 16, 2022 AND INCLUDED GENERAL AND BREAKOUT SESSIONS, NETWORKING OPPORTUNITIES AND EXHIBITS. MTA COMMUNICATES WITH ITS MEMBERS THROUGH ITS WEEKLY BULLETIN AND A MONTHLY HUMAN RESOURCES BULLETIN. MTA PUBLISHES THE MINNESOTA TELECOMMUNICATIONS GUIDE, A NON-TECHNICAL PUBLICATION WHICH IS SPECIFICALLY DESIGNED FOR LEGISLATORS AND OTHER POLICYMAKERS INVOLVED IN THE TELECOMMUNICATIONS INDUSTRY. THE TELECOMMUNICATIONS GUIDE IS PUBLISHED SEVERAL TIMES EACH YEAR. MTA OFFERS TRAINING PROGRAMS TO MEET THE NEEDS OF ITS MEMBERS. ITS SAFETY PROGRAM IS A TOTAL SAFETY, HEALTH, AND ENVIRONMENTAL LOSS-CONTROL PROGRAM DESIGNED SPECIFICALLY FOR INDEPENDENT TELEPHONE COMPANIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brent Christensen Ceo/president | Officer | 40 | $176,275 |
Terry Nelson Vice Chair | OfficerTrustee | 5 | $0 |
Chad Bullock Chairman | OfficerTrustee | 5 | $0 |
Andy Schriner Secetary/treasurer | OfficerTrustee | 5 | $0 |
Bruce Hanson Director | Trustee | 2 | $0 |
Dave Bickett Director | Trustee | 2 | $0 |
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 | $1,663,837 |
| Investment income | $44,127 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$219 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,707,745 |
| 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. | $227,092 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $447,878 |
| Pension plan accruals and contributions | $23,166 |
| Other employee benefits | $111,058 |
| Payroll taxes | $44,713 |
| Fees for services: Management | $242,244 |
| Fees for services: Legal | $523,054 |
| Fees for services: Accounting | $23,079 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $30,385 |
| Information technology | $17,675 |
| Royalties | $0 |
| Occupancy | $392 |
| Travel | $53,016 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $219,789 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $36,752 |
| Insurance | $22,520 |
| All other expenses | $9,876 |
| Total functional expenses | $2,221,834 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $221,966 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $21,170 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,033 |
| Net Land, buildings, and equipment | $60,157 |
| Investments—publicly traded securities | $969,956 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,279,282 |
| Accounts payable and accrued expenses | $153,564 |
| Grants payable | $0 |
| Deferred revenue | $187,419 |
| 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 | $59,402 |
| Total liabilities | $400,385 |
| Net assets without donor restrictions | $878,897 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,279,282 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Credit Union Executives Society Madison, WI | $8,321,099 | $11,726,194 |
World Council Of Credit Unions Inc Madison, WI | $4,821,097 | $12,974,167 |
Minnesota Bankers Association Eden Prairie, MN | $8,043,309 | $3,421,584 |
Wisconsin Credit Union League Inc Madison, WI | $8,422,290 | $3,629,838 |
Minnesota Rural Water Association Elbow Lake, MN | $3,077,826 | $3,261,922 |
Minnesota Telephone Association Inc Stpaul, MN | $1,279,282 | $1,707,745 |
Wisconsin Rural Water Association Inc Plover, WI | $3,269,363 | $2,411,727 |
North Dakota Bankers Association Bismarck, ND | $3,870,374 | $1,718,847 |
South Dakota Bankers Association Pierre, SD | $4,336,502 | $1,608,814 |
Wisconsin State Telecommunications Association Inc Madison, WI | $2,668,906 | $969,742 |
Wisconsin National Guard Association Incorporated Madison, WI | $1,296,731 | $475,173 |
Guitars For Vets Wauwatosa, WI | $1,416,871 | $834,687 |