Farmers Mutual Cooperative Telephone Company

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

EIN: 420246310 ✦ Moulton, IA ✦ Designated as a 501(c)(12)

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Overview

What is Farmers Mutual Cooperative Telephone Company?

Farmers Mutual Cooperative Telephone Company, located in Moulton, Iowa at 101 N Main Street, is a telecommunications service provider. Established as a mutual cooperative, its primary mission is to offer a range of telecommunications services, including local access, long-distance, internet, and video services, primarily in Appanoose and Davis Counties. The company aims to provide reliable and necessary telecommunications solutions to its community, operating with a cooperative structure that prioritizes its members' needs. With a team of three dedicated individuals, Farmers Mutual Cooperative Telephone Company continues to serve its service area, fostering connectivity and communication within the local community.


Official website here: www.farmersmutualcoop.com

Is Farmers Mutual Cooperative Telephone Company legitimate?

Farmers Mutual Cooperative Telephone Company is a legitimate nonprofit organization registered as a 501(c)(12) entity. Farmers Mutual Cooperative Telephone Company 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: $84,202
Professional Fundraising Fees: $0
Other Salaries and Wages: $61,738

For more financial information, click here


Official website here: www.farmersmutualcoop.com

What is the mission statement of Farmers Mutual Cooperative Telephone Company?

The Farmers Mutual Cooperative Telephone Company is established with the primary objective of establishing and operating a mutual cooperative telephone system and exchange. This organization is dedicated to providing telecommunications services such as local access, long distance, internet, and video services to its service area primarily located in Appanoose and Davis Counties, Iowa. The company's mission is centered around the operation of a cooperative telephone system, aiming to improve communication and connectivity for its users.


Official website here: www.farmersmutualcoop.com

Who is the CEO of Farmers Mutual Cooperative Telephone Company?

Tammy S Wheeler is the General Manager of Farmers Mutual Cooperative Telephone Company.


Official website here: www.farmersmutualcoop.com

What is the revenue of Farmers Mutual Cooperative Telephone Company?

Farmers Mutual Cooperative Telephone Company's revenue in 2020 was $1,225,149.


Official website here: www.farmersmutualcoop.com

Who are the executives of Farmers Mutual Cooperative Telephone Company and what are their salaries?

The average compensation at Farmers Mutual Cooperative Telephone Company during 2020 was $48,647. There are 3 employees and 6 volunteers at Farmers Mutual Cooperative Telephone Company.


Here are 7 key members and their salaries:


Tammy Wheeler (General Manager)
  • Compensation: $61,532
  • Related: $0
  • Other: $18,010
Alan Boettcher (Director)
  • Compensation: $975
  • Related: $0
  • Other: $0
Carol Sue Howard (Director/Secretary)
  • Compensation: $975
  • Related: $0
  • Other: $0
Jerald Lawson (Director/President)
  • Compensation: $900
  • Related: $0
  • Other: $0
John Probasco (Director)
  • Compensation: $900
  • Related: $0
  • Other: $0
Lyle Hodges (Director)
  • Compensation: $900
  • Related: $0
  • Other: $0
Orval Stevenson (Director)
  • Compensation: $750
  • Related: $0
  • Other: $0


Official website here: www.farmersmutualcoop.com

Where can I find the form 990 for Farmers Mutual Cooperative Telephone Company?

Farmers Mutual Cooperative Telephone Company's most recent form 990 was submitted in 2020 and can be accessed here.


Official website here: www.farmersmutualcoop.com

Learn more at the official website: www.farmersmutualcoop.com

Mission Statement of Farmers Mutual Cooperative Telephone Company

Farmers Mutual Cooperative Telephone Company, as its name suggests, was established with a mission to establish and operate a mutual cooperative telephone system and exchange. This mission is centered around providing telecommunications services, encompassing local access, long distance, internet, and video services, to its service area primarily located in Appanoose and Davis Counties, Iowa. The company operates as a provider of these essential telecommunications services, ensuring its community has access to reliable and advanced communication tools.

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Impact




October, 2024

Farmers Mutual Cooperative Telephone Company plays a crucial role in enhancing telecommunications access within its service area, primarily located in Appanoose and Davis counties, Iowa. By providing telecommunications exchange and local access services, long-distance communication, internet connectivity, and video services, the company fosters connectivity and communication among residents and businesses. This diversified service offering enables better access to information and resources, promoting economic growth and improving quality of life in the community. The establishment and operation of a mutual cooperative telephone system underscore its commitment to serving the needs of its members, ensuring that essential communication services are not only available but also reliable and locally managed.




This information is meant to be a general summary of Farmers Mutual Cooperative Telephone Company. 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
$1,225,149 (2020)
Expenses
$1,165,410 (2020)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2020.

  • Investment Income: $32,674
  • Program Service Revenue: $1,136,111
  • Gross Receipts: $1,225,831

Assets and Liabilities:

  • Total Assets: $4,124,687
  • Total Liabilities: $325,477
  • Net Assets: $3,799,210

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Programs

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

TELECOM SERVICES

Revenue

$1,133,236

BILLINGS & COLLECTIONS

Revenue

$2,875

Organization Details

Founding Year

1942

Principal Officer

Tammy S Wheeler

Main Address

101 N MAIN STREET, MOULTON, IA, 52572

NTEE Category

Code: W50 - Public benefit

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