Canby Telephone Association
- Assets
- $56.5m
- Revenue
- $23.4m
- Investments
- $3.8m
- Employees
- 0
- Location
- Mt Angel, OR
- Founding
- 01/1942
- Data as of
- 12/2023
- EIN
- 93-0134820
Organization Overview
Canby Telephone Association is located in Mt Angel, OR. The organization was established in 1942. According to its NTEE Classification (W50) the organization is classified as: Telecommunications, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Canby Telephone Association 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, Canby Telephone Association generated $23.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $23.4m during the year ending 12/2023. While expenses have increased by 6.3% 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
PROVIDE COOPERATIVE TELECOMMUNICATIONS SERVICE TO MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE TELECOMMUNICATIONS SERVICE TO COOPERATIVE MEMBERS. AS OF DECEMBER 31, 2023, THE NUMBER OF ACCESS LINES TOTALED 4,774 AND THE TOTAL NUMBER OF BROADBAND CUSTOMERS TOTALED 7,852.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Teresa Sasse Director | Trustee | 1 | $4,325 |
John Zieg Secretary | OfficerTrustee | 1 | $4,675 |
Scott Scarborough Vice Chair | OfficerTrustee | 1 | $4,400 |
Raymond Roger Reif Board Chairman | OfficerTrustee | 1 | $5,575 |
Erik Peterson Director | Trustee | 1 | $2,150 |
Thomas C Bauman Director | Trustee | 1 | $3,925 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Consolidated Business Services Llc Management Services | 12/30/23 | $8,478,398 |
North Sky Communications Inc Construction | 12/30/23 | $1,827,993 |
Mid-states Consultants Inc Engineering | 12/30/23 | $204,665 |
Moss Adams Llp Consulting, Audit, Tax | 12/30/23 | $180,348 |
Mountain West Utility Svcs Inc Construction | 12/30/23 | $570,689 |
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 | $23,407,718 |
| Investment income | $229,535 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $154,331 |
| Net Gain/Loss on Asset Sales | $19,188 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,372,786 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $32,699 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $2,955,817 |
| Compensation of current officers, directors, key employees. | $432,611 |
| 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 | $64,599 |
| Fees for services: Accounting | $409,770 |
| 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 | $122,793 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $771,286 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,469,020 |
| Insurance | $0 |
| All other expenses | $2,524,112 |
| Total functional expenses | $23,372,786 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,403,302 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,504,641 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $19,020 |
| Inventories for sale or use | $1,459,898 |
| Prepaid expenses and deferred charges | $431,715 |
| Net Land, buildings, and equipment | $43,645,559 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,806,167 |
| Investments—program-related | $0 |
| Intangible assets | $1,775,678 |
| Other assets | $438,797 |
| Total assets | $56,484,777 |
| Accounts payable and accrued expenses | $1,408,774 |
| 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 | $10,280,630 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,188,441 |
| Total liabilities | $13,877,845 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $47,790 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $42,559,142 |
| Total liabilities and net assets/fund balances | $56,484,777 |