Emery Telephone
- Assets
- $19.7m
- Revenue
- $5.8m
- Investments
- $7.3m
- Employees
- 108
- Location
- Orangeville, UT
- Founding
- 09/1962
- Data as of
- 12/2021
- EIN
- 87-0217682
Organization Overview
Emery Telephone is located in Orangeville, UT. The organization was established in 1962. 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 12/2021, Emery Telephone employed 108 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Emery Telephone 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, Emery Telephone generated $5.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $7.3m during the year ending 12/2021. While expenses have increased by 8.5% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE TO OUR COMMUNITIES THE HIGHEST QUALITY, STATE-OF-THE-ART COMMUNICATIONS RELATED PRODUCTS AND SERVICES AT AFFORDABLE RATES; PROVIDE AN ENJOYABLE AND BENEFICIAL WORK ENVIRONMENT; AND OTHERWISE IMPROVE THE QUALITY OF LIFE IN OUR COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INDEPENDENT TELEPHONE COOPERATIVE WITH APPROXIMATELY 3,782 RURAL SUBSCRIBERS AT DECEMBER 31, 2021. THE COOPERATIVE MAKES TELEPHONE SERVICES AVAILABLE TO THE WIDEST PRACTICAL NUMBER OF USERS ON A NONPROFIT, COOPERATIVE BASIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brock Johansen CEO | Officer | 40 | $436,661 |
Jared Anderson COO | Officer | 40 | $300,460 |
Darren Woolsey CFO | Officer | 40 | $297,792 |
Dave Holzer It And Business Services Manager | 40 | $130,178 | |
Greg Barton Op & Construction Manager | 40 | $124,766 | |
Rod Moore Plant Engineer | 40 | $122,964 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Circle Z Construction Llc Contract Fiber Spicing And Placement | 12/30/21 | $699,603 |
Fibertel Inc Contract Fiber Spicing And Placement | 12/30/21 | $2,554,944 |
Mid State Consultants Contract Engineering Work | 12/30/21 | $1,578,537 |
Specialized Communication Services Contract Fiber Splicing And Placement | 12/30/21 | $2,590,218 |
Rmwt Contract Engineering Work | 12/30/21 | $648,468 |
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 | $5,816,667 |
| Investment income | $672 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $28,704 |
| 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 | $5,848,515 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $18,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $1,076,980 |
| Compensation of current officers, directors, key employees. | $1,402,237 |
| 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 | $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 | $1,349,922 |
| Insurance | $0 |
| All other expenses | $470,413 |
| Total functional expenses | $7,250,752 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$4,119,830 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,305,265 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $433,744 |
| Prepaid expenses and deferred charges | $557,286 |
| Net Land, buildings, and equipment | $11,949,622 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $7,328,794 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,237,587 |
| Total assets | $19,692,468 |
| Accounts payable and accrued expenses | $1,391,438 |
| 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 | $1,132,986 |
| Total liabilities | $2,524,424 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $126,256 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $17,041,788 |
| Total liabilities and net assets/fund balances | $19,692,468 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Electric Co-Op Inc Heyburn, ID | $23,389,299 | $19,882,483 |
Roosevelt County Electric Cooperative Incorporated Portales, NM | $65,511,753 | $18,141,245 |
Wheatland Rural Electric Association Wheatland, WY | $32,258,120 | $17,112,530 |
Carbon Power & Light Inc Saratoga, WY | $55,820,091 | $15,960,147 |
Consolidated Mutual Water Company Lakewood, CO | $221,800,692 | $15,225,271 |
Big Horn Rural Electric Company Basin, WY | $40,876,204 | $16,016,362 |
Graham County Electric Cooperative Inc Pima, AZ | $54,360,204 | $15,258,294 |
Columbus Electric Cooperative Inc Deming, NM | $51,291,020 | $15,018,624 |
Bridger Valley Electric Association Inc Mountain View, WY | $29,731,206 | $13,433,186 |
Mora-San Miguel Electric Cooperative Inc Mora, NM | $28,478,652 | $12,852,709 |
Niobrara Electric Association Inc Lusk, WY | $30,067,658 | $12,306,280 |
Sierra Electric Cooperative Inc Elephant Butte, NM | $28,287,663 | $9,920,270 |