West Central Telephone Association
- Assets
- $35.8m
- Revenue
- $13.6m
- Investments
- $5.4m
- Employees
- 31
- Location
- Sebeka, MN
- Founding
- 09/1960
- Data as of
- 12/2023
- EIN
- 41-0722430
Organization Overview
West Central Telephone Association is located in Sebeka, MN. The organization was established in 1960. 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 12/2023, West Central Telephone Association employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. West Central Telephone Association 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 12/2023, West Central Telephone Association generated $13.6m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $13.5m during the year ending 12/2023. While expenses have increased by 2.8% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE EXCEPTIONAL, PROGRESSIVE TELECOMMUNICATION SERVICES TO ITS MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
WCTA IS ONE OF APPROXIMATELY 250 RURAL TELEPHONE COOPERATIVES IN THE UNITED STATES PROVIDING ITS MEMBERS STATE-OF-THE-ART TECHNOLOGIES WITH A PERSONAL HOME-TOWN TOUCH. ORIGINALLY FORMED TO IMPROVE RURAL TELEPHONE SERVICE OPTIONS IN THE AREA, THE COOPERATIVE NOW PROVIDES SEVERAL CUTTING-EDGE SERVICES INCLUDING IPTV, BROADBAND INTERNET SERVICE, AND ADVANCED PHONE FEATURES SUCH AS VOICE MAIL E-FORWARDING, WAKE-UP, AND FINDME. WCTA SERVES APPROXIMATELY 4,000 CUSTOMERS IN OUR 602 SQUARE MILE SERVING AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce Kinnunen President | OfficerTrustee | 1 | $23,531 |
David Pulju Vice-President | OfficerTrustee | 1 | $21,984 |
Robert Weaver Secretary/treasurer | OfficerTrustee | 1 | $22,216 |
Harvey Aho Director | Trustee | 1 | $21,791 |
Annette Adamietz Director (starting In May) | Trustee | 1 | $9,639 |
Chad Bullock CEO | Officer | 40 | $230,366 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
National Cable Television Cooperative Video Programming | 12/30/23 | $1,147,567 |
Zenergy Llc Construction Contractor | 12/30/23 | $704,261 |
Calix Inc Circuit Equipment/electronics | 12/30/23 | $614,274 |
Nat'l Information Solutions Video Programming | 12/30/23 | $229,514 |
Bally Sports North Video Programming | 12/30/23 | $173,536 |
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 | $12,725,188 |
| Investment income | $63,563 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $335,375 |
| 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 | $13,598,598 |
| 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 | $2,295,806 |
| Compensation of current officers, directors, key employees. | $587,978 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $193,882 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $17,240 |
| Fees for services: Accounting | $410,149 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $67,323 |
| 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 | $236,667 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,171,328 |
| Insurance | $0 |
| All other expenses | $513,304 |
| Total functional expenses | $13,479,109 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,815,247 |
| Savings and temporary cash investments | $2,371,919 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $287,018 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,144,631 |
| Inventories for sale or use | $581,145 |
| Prepaid expenses and deferred charges | $361,216 |
| Net Land, buildings, and equipment | $21,675,762 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $5,352,526 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $249,160 |
| Total assets | $35,838,624 |
| Accounts payable and accrued expenses | $741,989 |
| 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 | $5,001,966 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $924,124 |
| Total liabilities | $6,668,079 |
| 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 | $17,571,913 |
| Retained earnings, endowment, accumulated income, or other funds | $11,598,632 |
| Total liabilities and net assets/fund balances | $35,838,624 |