Federated Telephone Cooperative

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 410747884 ✦ Chokio, MN ✦ Designated as a 501(c)(12)

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Overview

What is Federated Telephone Cooperative?

Federated Telephone Cooperative, based in Chokio, Minnesota, is a nonprofit organization with a mission to deliver top-notch communication services at reasonable prices. Leveraging advanced technology and up-to-date solutions, the cooperative strives to empower its 4,899 members, employees, and communities, aiming for a sustainable future. Through its exceptional services, the cooperative seeks to contribute positively to the lives of its members, enabling them to achieve success and enhance their overall quality of life.


Official website here: www.fedtel.net

Is Federated Telephone Cooperative legitimate?

Federated Telephone Cooperative is a legitimate nonprofit organization registered as a 501(c)(12) entity. Federated Telephone Cooperative 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: $87,200
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.fedtel.net

What is the mission statement of Federated Telephone Cooperative?

Federated Telephone Cooperative's mission is centered around delivering superior communication services at affordable prices. They achieve this by leveraging modern technology and up-to-date services, offering their customers various options to enhance their quality of life. The cooperative demonstrates a strong commitment to its members, community, and employees, striving for exceptional services and life-changing technology solutions for a sustainable future. Through technology leadership, smart growth, and community engagement, Federated Telephone Cooperative aims to positively transform the lives of those it serves.


Official website here: www.fedtel.net

Who is the CEO of Federated Telephone Cooperative?

Kevin Beyer is the President of Federated Telephone Cooperative. The CEO's salary of Federated Telephone Cooperative is $0 and their total compensation is $318,212.


Official website here: www.fedtel.net

What is the revenue of Federated Telephone Cooperative?

Federated Telephone Cooperative's revenue in 2022 was $11,447,684.


Official website here: www.fedtel.net

Who are the executives of Federated Telephone Cooperative and what are their salaries?


Here are 12 key members and their salaries (Federated Telephone Cooperative's CEO's salary is $0 and their total compensation is $318,212):


Dan Smith (President)
  • Compensation: $12,400
  • Related: $0
  • Other: $0
Nancy Taffe (Vice President)
  • Compensation: $12,800
  • Related: $0
  • Other: $0
Tim Danielson (Secretary/Treasurer)
  • Compensation: $13,000
  • Related: $0
  • Other: $0
Lucas Deneui (Director)
  • Compensation: $12,400
  • Related: $0
  • Other: $0
Lynn Swenson (Director)
  • Compensation: $12,200
  • Related: $0
  • Other: $0
Jon Hanson (Director)
  • Compensation: $12,000
  • Related: $0
  • Other: $0
Dennis Schroeder (Director)
  • Compensation: $12,400
  • Related: $0
  • Other: $0
Kevin Beyer (General Manager/Ceo)
  • Compensation: $0
  • Related: $292,275
  • Other: $25,937
Patricia Knutson (Accountant)
  • Compensation: $0
  • Related: $138,162
  • Other: $25,761
Jade Gehrke (Network Specialist)
  • Compensation: $0
  • Related: $131,478
  • Other: $34,828
Thomas Lorenz (Operations Manager)
  • Compensation: $0
  • Related: $126,673
  • Other: $27,558
Aaron Roggenbuck (Plant Manager)
  • Compensation: $0
  • Related: $120,038
  • Other: $34,703


Official website here: www.fedtel.net

Where can I find the form 990 for Federated Telephone Cooperative?

Federated Telephone Cooperative's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.fedtel.net

Learn more at the official website: www.fedtel.net

Mission Statement of Federated Telephone Cooperative

Federated Telephone Cooperative is committed to delivering top-notch communication services at reasonable prices. This mission is achieved by leveraging advanced technology and up-to-date services, providing individuals with a variety of choices to prosper and enhance their quality of life. The cooperative demonstrates an extraordinary focus on positively transforming those it serves, with a membership of 4,899. Through technological leadership, strategic growth, and community engagement, Federated Telephone Cooperative empowers its members, employees, and communities with exceptional services and life-changing technology solutions, ensuring a sustainable future.

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Impact




October, 2024

Federated Telephone Cooperative significantly impacts its community by providing top-tier communication services at fair prices to its 4,899 members. Through a commitment to technology leadership and smart growth, the cooperative strives to enhance the lives of its members and the surrounding communities. It empowers individuals by offering exceptional services and transformative technology solutions, fostering a sustainable future.

By focusing on community engagement, Federated Telephone cultivates strong relationships with its members, ensuring they receive not only reliable communications but also the necessary tools to succeed in a rapidly evolving digital landscape. This dedication enhances the quality of life for residents, enabling access to essential resources and opportunities that might otherwise be out of reach. The cooperative’s mission reflects its commitment to positively transforming the experiences of those it serves, making it a vital asset in the Chokio, MN area.




This information is meant to be a general summary of Federated Telephone Cooperative. 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.

Revenue
$11,447,684 (2022)
Expenses
$8,234,022 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $3,060
  • Program Service Revenue: $11,218,123
  • Gross Receipts: $21,443,651

Assets and Liabilities:

  • Total Assets: $48,975,021
  • Total Liabilities: $11,942,668
  • Net Assets: $37,032,353

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

TELEPHONE SERVICES

Revenue

$11,088,904

PARTERNSHIP INCOME

Revenue

$94,596

ADVERTISING

Revenue

$34,623

Organization Details

Founding Year

1952

Principal Officer

Kevin Beyer

Main Address

PO BOX 156 EAST HIGHWAY 28, CHOKIO, MN, 56221

NTEE Category

Code: W50 - Public benefit

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