3 Rivers Telephone Cooperative Inc
- Assets
- $178.8m
- Revenue
- $58.3m
- Investments
- $6.6m
- Employees
- 133
- Location
- Fairfield, MT
- Founding
- 11/1962
- Data as of
- 12/2023
- EIN
- 81-0243702
Organization Overview
3 Rivers Telephone Cooperative Inc, operating under the name 3 Rivers Communications, is located in Fairfield, MT. The organization was established in 1962. 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, 3 Rivers Communications employed 133 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 3 Rivers Communications 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, 3 Rivers Communications generated $58.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $58.3m during the year ending 12/2023. While expenses have increased by 2.7% per year over the past 8 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
TO PROVIDE ADVANCED COMMUNICATIONS SERVICES AND GAINFUL EMPLOYMENT TO ENHANCE THE QUALITY OF OUR MEMBERS AND EMPLOYEES' LIVES WHILE IMPROVING THE ECONOMIC WELL-BEING OF THE COMMUNITIES SERVED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
3 RIVERS TELEPHONE COOPERATIVE MAKES TELEPHONE, INTERNET SERVICES AND FACILITIES AVAILABLE TO THE WIDEST PRACTICAL NUMBER OF USERS ON A NON-PROFIT, COOPERATIVE BASIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary E Hill President | OfficerTrustee | 8 | $40,539 |
Logan P Good Trustee | Trustee | 5 | $34,647 |
Kirk R Dige Vice President | OfficerTrustee | 5 | $19,843 |
Howard W Goltz Trustee | Trustee | 5 | $16,534 |
Kelly M Mcinerney Secretary/treasurer | OfficerTrustee | 5 | $32,425 |
Kyle J Burgmaier Trustee | Trustee | 5 | $34,147 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Victory Equity Construction Construction | 12/30/23 | $10,105,452 |
Mastec Inc Construction | 12/30/23 | $4,998,209 |
Optical Xperts Llc Construction | 12/30/23 | $2,057,265 |
Crown Utilities Llc Construction | 12/30/23 | $720,925 |
Mid-state Consultants Inc Engineering | 12/30/23 | $808,231 |
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 | $57,938,086 |
| Investment income | $249,020 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$127,230 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $58,316,762 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $50,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $3,183,592 |
| Compensation of current officers, directors, key employees. | $1,702,736 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $729,850 |
| 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 | $0 |
| Fees for services: Other | $0 |
| 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 | $1,394,614 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,308,241 |
| Insurance | $0 |
| All other expenses | $3,919,039 |
| Total functional expenses | $58,316,762 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,201,609 |
| Savings and temporary cash investments | $4,463,396 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,884,381 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,135,852 |
| Prepaid expenses and deferred charges | $1,402,718 |
| Net Land, buildings, and equipment | $137,609,395 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $6,571,526 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,491,234 |
| Total assets | $178,760,111 |
| Accounts payable and accrued expenses | $5,866,872 |
| 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 | $45,402,211 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,575,839 |
| Total liabilities | $57,844,922 |
| 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 | $11,992,318 |
| Retained earnings, endowment, accumulated income, or other funds | $108,922,871 |
| Total liabilities and net assets/fund balances | $178,760,111 |
Grants Awarded
Over the last fiscal year, 3 Rivers Telephone Cooperative Inc has awarded $110,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
GIRL SCOUT TROOP 3535 (UNDER UMBRELLA ORGANIZATION GIRL SCOUTS OF MONTANA & PURPOSE: YOUTH TECHNOLOGY GRANT | $10,000 |
FAIRFIELD COMMUNITY CIVIC AND RECREATION INC PURPOSE: COMMUNITY HALL RENOVATION DONATION | $100,000 |