Cause IQ organization profile

Mountain Rural Telephone Cooperative Corporation

Mountain Rural Telephone Cooperative Corporation is a telephone co-op based in West Liberty, KY that was founded in 1950. As of 2019 they had $27 million in revenue and $127 million in assets.

Provide telephone service to member owners on a patronage basis. Serve approximately 14,500 customers monthly. Serve approximately 13,500 customers monthly.

EIN:

61-0467317

City:

West Liberty

State:

Kentucky

Website:

mrtc.com

Founded:

1950

Type:

501(c)(12)

NTEE:

W50: Telephone cooperatives

Revenue:

$27,931,527

Assets:

$127,450,174

Employees:

Fiscal year end:

December

Revenue trends:

Asset trends:

Program areas at Mountain Rural Telephone Cooperative Corporation

Provide telephone service on a patronage basis to member owners. Serve approximately 13,500 customers monthly.

Form 990s for Mountain Rural Telephone Cooperative Corporation

Fiscal year ending	Date received by IRS	Form	PDF link
2018-12	Jul 23, 2019	990	View PDF
2017-12	Sep 12, 2018	990	View PDF
2016-12	Aug 25, 2017	990O	View PDF
2015-12	Aug 31, 2016	990O	View PDF
2014-12	Jun 29, 2015	990O	View PDF
...and five more Form 990 PDFs

Financials for Mountain Rural Telephone Cooperative Corporation

Field	2018	2017
Federated campaigns	$0	$0
Membership dues	$0	$0
Fundraising event contributions	$0	$0
Related organizations	$0	$0
Government grants (contributions)	$0	$0
Normal grants, contributions, etc.	$0	$0
<em>Non-cash contributions included in above</em>	$0	$0
Total grants, contributions, etc.	$0	$0

Field	2018	2017	% Change
Total grants, contributions, etc.	$0	$0
Program services	$26,773,552	$26,048,841	2.8%
Investment income and dividends	$335,821	$319,870	5.0%
Tax-exempt bond proceeds	$0	$0
Royalty revenue	$0	$0
Net rental income	$0	$0
Net gain from sale of non-inventory assets	$0	$0
Net income from fundraising events	$0	$0
Net income from gaming activities	$0	$0
Net income from sales of inventory	$0	$0
Miscellaneous revenues	$822,154	$6,065,506	-86.4%
Total revenues	$27,931,527	$32,434,217	-13.9%

Field	2018	2017	% Change
Grants to govts. and orgs. in USA	$0	$0
Grants to individuals in USA	$0	$0
Grants to govts., orgs., and individuals outside USA	$0	$0
Benefits paid to or for members	$5,087,148	$10,091,658	-49.6%
Compensation of current officers, etc.	$499,050	$494,599	0.9%
Compensation not included above, to disqualified persons	$0	$0
Non-officer salaries and wages	$3,500,124	$3,657,171	-4.3%
Pension/retirement accruals and contributions	$557,149	$490,573	13.6%
Other employee benefits	$2,004,210	$1,838,428	9.0%
Payroll taxes	$291,478	$311,556	-6.4%
Management fees	$0	$0
Legal fees	$18,800	$23,250	-19.1%
Accounting fees	$11,115	$11,250	-1.2%
Lobbying fees	$0	$0
Pro. fundraising fees	$0	$0
Investment mgmt fees	$0	$0
Other fee-for-service	$0	$0
Advertising and promotion	$0	$0
Office expenses	$0	$0
Information tech. expenses	$0	$0
Royalty expenses	$0	$0
Occupancy	$0	$0
Travel	$0	$0
Public official travel and entertainment	$0	$0
Conferences, meetings, etc.	$0	$0
Interest	$214,352	$494,673	-56.7%
Payments to affiliates	$0	$0
Depreciation, amortization, etc.	$6,416,357	$6,409,123	0.1%
Insurance	$231,277	$175,544	31.7%
All other expenses	$9,100,467	$8,436,392	7.9%
Total expenses	$27,931,527	$32,434,217	-13.9%

Field	2018	2017	% Change
Cash (non-interest-bearing)	$10,139,136	$16,717,723	-39.4%
Savings, short-term investments, etc.	$13,027,021	$13,011,308	0.1%
Pledges and grants receivable	$0	$0
Accounts receivable	$722,541	$527,262	37.0%
Loans receivable from officers, directors, etc.	$0	$0
Loans receivable from other disqualified persons	$0	$0
Notes and loans receivable	$0	$0
Inventories for use	$1,587,902	$2,476,883	-35.9%
Prepaid expenses and deferred charges	$33,521	$38,800	-13.6%
Buildings, equipment, etc. post-depreciation	$54,994,848	$57,794,053	-4.8%
Investments, publicly traded securities	$0	$0
Investments, other securities	$0	$0
Investments, program-related	$0	$0
Intangible assets	$0	$0
Other assets	$46,945,205	$46,066,775	1.9%
Total assets	$127,450,174	$136,632,804	-6.7%

Field	2018	2017	% Change
Accounts payable and accrued expenses	$1,388,660	$1,428,470	-2.8%
Grants payable	$0	$0
Deferred revenue	$0	$0
Tax-exempt bond liabilities	$0	$0
Escrow or custodial account liability	$0	$0
Loans payable to officers and disqualified persons	$0	$0
Secured mortgages and notes payable to unrelated third parties	$6,553,850	$18,781,506	-65.1%
Unsecured notes and loans payable to unrelated third parties	$0	$0
Other liabilities	$-362,242	$-598,500	39.5%
Total liabilities	$7,580,268	$19,611,476	-61.3%

Field	2018	2017
Unrestricted net assets	$0	$0
Temporarily restricted net assets	$0	$0
Permanently restricted net assets	$0	$0

Vendors for Mountain Rural Telephone Cooperative Corporation

Vendor	Services	Date
Kimbia	Fundraising software	2019-08-21
███████ ███ ████	Fundraising software; Payment processing	2019-08-21
████ ████████	Tax accounting	2019-06-27

Personnel at Mountain Rural Telephone Cooperative Corporation

Name	Title	Compensation	Most recent data
R Shayne Ison	General Manager	-	June 27, 2019
Billy Quintin Murphy	Past Asst General Manager	$131,939	Dec. 31, 2018
██████ ██████ ████	Past General Manager	$178,111	Dec. 31, 2018
██████ █████	President	$26,500	Dec. 31, 2018
████ ██████	Secretary	$21,000	Dec. 31, 2018
█████ ████ █████	Treasurer	$21,000	Dec. 31, 2018
█████ ████	Vice President	$21,000	Dec. 31, 2018

Peer telephone cooperatives

	Name	Type	Revenue	Location
1	Foothills Rural Telephone Cooperative	501(c)(12)	$30 million	Staffordsville, KY
2	Peoples Rural Telephone Cooperative Corporation	501(c)(12)	$20 million	Mckee, KY
3	Hill Country Telephone Cooperative	501(c)(12)	$24 million	Ingram, TX
4	Vernon Communications Cooperative	501(c)(12)	$18 million	Westby, WI
5	Craw-Kan Telephone Cooperative	501(c)(12)	$30 million	Girard, KS
6	Garden Valley Telephone Company	501(c)(12)	$36 million	Erskine, MN
7	Peoples Telephone Cooperative	501(c)(12)	$11 million	Quitman, TX
8	Tri-County Communications Cooperative	501(c)(12)	$18 million	Strum, WI
9	Pineland Telephone Cooperative	501(c)(12)	$20 million	Metter, GA
10	South Central Utah Telephone Association	501(c)(12)	$25 million	Escalante, UT
11	Meade County Rural Electric Cooperative Corporation	501(c)(12)	$55 million	Brandenburg, KY
12	Inter County Energy Cooperative	501(c)(12)	$52 million	Danville, KY
13	Big Sandy Rural Electric Cooperative Corporation	501(c)(12)	$25 million	Paintsville, KY
14	Jackson Energy Cooperative	501(c)(12)	$105 million	Mckee, KY
15	Colorado Valley Telephone Cooperative	501(c)(12)	$9.5 million	La Grange, TX
16	South Slope Cooperative Communications	501(c)(12)	$33 million	North Liberty, IA
17	Etex Telephone Cooperative	501(c)(12)	$18 million	Gilmer, TX
18	Grayson Rural Electric Cooperative Corporation	501(c)(12)	$32 million	Grayson, KY
19	Washington Electric Cooperative	501(c)(12)	$7.3 million	East Montpelier, VT
20	Yampa Valley Electric Association	501(c)(12)	$61 million	Steamboat Springs, CO
21	Farmers Electric Cooperative	501(c)(12)	$14 million	Greenfield, IA
22	Southwest Texas Electric Cooperative	501(c)(12)	$27 million	Eldorado, TX
23	Bartlett Electric Cooperative	501(c)(12)	$23 million	Bartlett, TX
24	Raccoon Valley Electric Cooperative	501(c)(12)	$17 million	Glidden, IA
25	Redwood Electric Cooperative	501(c)(12)	$15 million	Clements, MN

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Cause IQ organization profile

Mountain Rural Telephone Cooperative Corporation

Program areas at Mountain Rural Telephone Cooperative Corporation

Form 990s for Mountain Rural Telephone Cooperative Corporation

Financials for Mountain Rural Telephone Cooperative Corporation

Vendors for Mountain Rural Telephone Cooperative Corporation

Personnel at Mountain Rural Telephone Cooperative Corporation

Peer telephone cooperatives

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