Overview
What is Runestone Telephone Association?
Runestone Telephone Association is a nonprofit organization situated in Hoffman, Minnesota. Their primary focus is to provide reliable telephone, internet, and cable television services to their cooperative members. With a commitment to reasonable rates, they strive to satisfy both employees and customers alike, ensuring quality telecommunication services. The organization, employing a team of 27 individuals, operates within the specified zip code.
Official website here: www.runestone.net
Is Runestone Telephone Association legitimate?
Runestone Telephone Association is a legitimate nonprofit organization registered as a 501(c)(12) entity. Runestone Telephone Association submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $420,161
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.runestone.net
What is the mission statement of Runestone Telephone Association?
The Runestone Telephone Association's mission is centered around providing reliable telecommunication services to its cooperative members. They strive to deliver these services at reasonable rates, all while maintaining respect for their employees and customers. The association's services encompass telephone, internet, and cable television.
Official website here: www.runestone.net
Who is the CEO of Runestone Telephone Association?
Kent Hedstrom is the CEO of Runestone Telephone Association The CEO's salary of Runestone Telephone Association is $268,580 and their total compensation is $354,911.
Official website here: www.runestone.net
What is the revenue of Runestone Telephone Association?
Runestone Telephone Association's revenue in 2023 was $12,390,032.
Official website here: www.runestone.net
Who are the executives of Runestone Telephone Association and what are their salaries?
The average compensation at Runestone Telephone Association during 2023 was $15,006. There are 28 employees at Runestone Telephone Association.
Here are 9 key members and their salaries (Runestone Telephone Association's CEO's salary is $268,580 and their total compensation is $354,911):
- Compensation: $13,680
- Related: $0
- Other: $0
- Compensation: $12,780
- Related: $0
- Other: $0
- Compensation: $13,230
- Related: $0
- Other: $0
- Compensation: $12,780
- Related: $0
- Other: $0
- Compensation: $12,780
- Related: $0
- Other: $0
- Compensation: $268,580
- Related: $0
- Other: $86,331
- Compensation: $115,198
- Related: $0
- Other: $43,227
- Compensation: $129,552
- Related: $0
- Other: $56,130
- Compensation: $105,283
- Related: $0
- Other: $54,253
Official website here: www.runestone.net
Where can I find the form 990 for Runestone Telephone Association?
Runestone Telephone Association's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.runestone.net
Learn more at the official website: www.runestone.net
Mission Statement of Runestone Telephone Association
Runestone Telephone Association, as a cooperative, is committed to providing its members with reliable telecommunication services. Its mission is multifaceted, encompassing not only the delivery of telephone, internet, and cable television services but also doing so at reasonable rates. The association places a strong emphasis on respecting its employees and customers, ensuring a positive and inclusive environment for all. In essence, Runestone Telephone Association seeks to serve its members effectively and fairly, leveraging its telecommunication expertise to enhance their daily lives.
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Impact
October, 2024
Runestone Telephone Association plays a vital role in enhancing the connectivity of its community by providing reliable telecommunication services. Operating in Hoffman, MN, it ensures that cooperative members have access to essential services like telephone, internet, and cable television, which are crucial for day-to-day communication and information access.
By prioritizing reasonable rates, the organization makes these services more accessible, promoting digital inclusivity. This commitment not only supports individual households but also strengthens local businesses and fosters economic development within the region. The association's focus on respect for employees and customers further enriches community relationships, creating a supportive environment that enhances overall quality of life. Through its efforts, Runestone Telephone Association significantly contributes to the public benefit by bridging the digital divide and enhancing the connectivity of its community.
This information is meant to be a general summary of Runestone Telephone Association. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $122,202
- Program Service Revenue: $12,113,973
- Gross Receipts: $12,390,032
Assets and Liabilities:
- Total Assets: $33,594,503
- Total Liabilities: $1,487,918
- Net Assets: $32,106,585
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TELEPHONE SERVICES
Revenue
$11,991,337
PARTNERSHIP INCOME
Revenue
$90,492
ADVERTISING INCOME
Revenue
$32,144
Organization Details
Founding Year
1949
Principal Officer
Kent Hedstrom
Website
www.runestone.netNTEE Category
Code: W50 - Public benefit
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