Bulloch County Rural Telephone Cooperative Inc
- Assets
- $84.5m
- Revenue
- $18.6m
- Investments
- $17.0m
- Employees
- 47
- Location
- Statesboro, GA
- Founding
- 09/1972
- Data as of
- 12/2018
- EIN
- 58-0621752
Organization Overview
Bulloch County Rural Telephone Cooperative Inc is located in Statesboro, GA. The organization was established in 1972. 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 12/2018, Bulloch County Rural Telephone Cooperative Inc employed 47 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bulloch County Rural Telephone 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 12/2018, Bulloch County Rural Telephone Cooperative Inc generated $18.6m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $17.9m during the year ending 12/2018. While expenses have increased by 4.4% per year over the past 3 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
2018
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO PROVIDE OUR MEMBERS WITH HIGH QUALITY TELECOMMUNICATIONS SERVICES AT AFFORDABLE RATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COOPERATIVE IS A RURAL TELEPHONE COOPERATIVE SERVING MEMBER SUBSCRIBERS IN PORTIONS OF BULLOCH AND BRYAN CO., GA. THE COOPERATIVE OFFERS A COMPLETE LINE OF TELEPHONE SERVICES TO ITS APPROXIMATELY 10,000 MEMBER SUBSCRIBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wade D Mcelveen Director | Trustee | 1 | $4,102 |
Charles W Lee Director | Trustee | 1 | $4,920 |
Lehman M Brannen Director | Trustee | 1 | $5,183 |
John Anderson Director | Trustee | 1 | $3,912 |
Charles Finch Director | Trustee | 1 | $6,000 |
Joe Hart Director | Trustee | 1 | $813 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
K&k Utility Construction Fiber Construction | 12/30/18 | $600,290 |
Mccall Thomas Engineering Engineering Services | 12/30/18 | $344,872 |
Jim Young Construction Fiber Construction | 12/30/18 | $338,078 |
Birdfor Contracting Fiber Drops | 12/30/18 | $232,307 |
Wiley Fiber Optics Fiber Drops | 12/30/18 | $107,212 |
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 | $16,916,700 |
| Investment income | $665,278 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $310,586 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,614,322 |
| 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 | $2,271,804 |
| Compensation of current officers, directors, key employees. | $612,321 |
| 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 | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $125,466 |
| Fees for services: Other | $13,035 |
| Advertising and promotion | $0 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,078,129 |
| Insurance | $0 |
| All other expenses | $913,083 |
| Total functional expenses | $17,892,564 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,713,939 |
| Savings and temporary cash investments | $1,565,978 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,437,095 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $500,000 |
| Inventories for sale or use | $297,207 |
| Prepaid expenses and deferred charges | $315,523 |
| Net Land, buildings, and equipment | $28,202,289 |
| Investments—publicly traded securities | $17,637,490 |
| Investments—other securities | $16,991,718 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $840,178 |
| Total assets | $84,501,417 |
| Accounts payable and accrued expenses | $3,444,000 |
| Grants payable | $0 |
| Deferred revenue | $443,925 |
| 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 | $3,887,925 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $80,613,492 |