Phillips County Telephone Company
- Assets
- $11.6m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 17
- Location
- Holyoke, CO
- Founding
- 10/1952
- Data as of
- 12/2020
- EIN
- 84-0291250
Organization Overview
Phillips County Telephone Company is located in Holyoke, CO. The organization was established in 1952. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2020, Phillips County Telephone Company employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Phillips County Telephone Company 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE TELECOMMUNICATIONS SERVICE TO RESIDENTS IN EASTERN COLORADO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE COMMUNICATIONS SERVICE OVER A WIRELINE NETWORK TO SUBSCRIBERS IN NORTHEAST COLORADO.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vince Kropp General Mana | 40 | $156,615 | |
Terry Andersen President | OfficerTrustee | 1 | $0 |
Jerold Brandt Secretary | OfficerTrustee | 1 | $0 |
John Schneider Vice Preside | OfficerTrustee | 1 | $0 |
Debra Williamson Director | Trustee | 1 | $0 |
Glen Huwa Director | Trustee | 1 | $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 | $3,020,925 |
| Investment income | $12,981 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$82,611 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,951,295 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $634,773 |
| Pension plan accruals and contributions | $74,873 |
| Other employee benefits | $252,619 |
| Payroll taxes | $58,769 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $878,096 |
| Insurance | $0 |
| All other expenses | $111,760 |
| Total functional expenses | $2,963,962 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,127,353 |
| Savings and temporary cash investments | $1,079,808 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $206,802 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $97,042 |
| Prepaid expenses and deferred charges | $181,869 |
| Net Land, buildings, and equipment | $5,548,745 |
| Investments—publicly traded securities | $3,028,214 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $297,640 |
| Total assets | $11,567,473 |
| Accounts payable and accrued expenses | $64,465 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $699,928 |
| Total liabilities | $764,393 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $15,302 |
| Paid-in or capital surplus, or land, building, or equipment fund | $13,519,104 |
| Retained earnings, endowment, accumulated income, or other funds | -$2,731,326 |
| Total liabilities and net assets/fund balances | $11,567,473 |
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