Twin Lakes Telephone Cooperative Corporation

Organization Overview

Twin Lakes Telephone Cooperative Corporation is located in Gainesboro, TN. The organization was established in 1963. 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, Twin Lakes Telephone Cooperative Corporation employed 121 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Twin Lakes Telephone Cooperative Corporation 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, Twin Lakes Telephone Cooperative Corporation generated $62.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $60.7m during the year ending 12/2021. While expenses have increased by 6.3% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE TELECOMMUNICATION SERVICES TO COOPERATIVE MEMBERS IN RURAL AREAS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TWIN LAKES TELEPHONE COOPERATIVE CORP. PROVIDED A VARIETY OF TELECOMMUNICATION SERVICES TO ITS MEMBERS WHO WERE LOCATED IN ITS SERVICE AREA. THESE SERVICES INCLUDED TELEPHONE SERVICE, INTERNET ACCESS, HIGH SPEED DATA SERVICES, SPECIAL CALLING FEATURES, AND VOICE MAIL.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
R & L Contracting Inc
Construction
$1,562,993
Ladd Engineering Associates Inc
Consulting/engineering
$1,662,342
Red Stag Contractors Llc
Construction
$5,204,430
Electricom Row Services Llc
Construction
$1,001,818
Elliott Fiber Llc
Construction
$1,165,791
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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $2,309,116
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$2,309,116
Total Program Service Revenue$57,513,248
Investment income $311,073
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $24,026
Net Gain/Loss on Asset Sales $448,145
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $62,867,275

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