Nelson Communications Cooperative FY2022 filing

Not tax-deductible

Durand, WIMutual-benefit / member-servingSince 1948EIN 39-0790115Revenue $8.2M in FY2022

On file with the IRS318 3rd Ave W, 54736-1135 · Durand, WITax-exempt since Jul 1961

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To provide its members telecommunications services.

$733K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 4
filings with a surplus
Average surplus $1.7M a year · 21% of revenue · last 4 filings
Looks good: a surplus in 4 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$733K
to officers and key staff · 12% of spending
Looks good: pay to officers and key staff is 12% of spending; 15% or less.
Pt VII · Sec A
30 mo
of spending, in cash
Looks good: 30.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$7.2M
19% of total assets
Looks good: liabilities are 19% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$8.2M
-0.9% vs prior year
Spent
$6.0M
To programs
0%
Net assets
$30.6M
By yearFY2020–FY2023
Revenue
$8.2M
FY2022▼ -0.9%
Tap a bar for its year
Revenue by fiscal year
FY2020$8.3M
FY2021$8.2M
FY2022$8.2M
FY2023$8.3M
Expenses
$6.0M
FY2022▼ -4%
Tap a bar for its year
Expenses by fiscal year
FY2020$6.6M
FY2021$6.3M
FY2022$6.0M
FY2023$7.3M
Net assets
$30.6M
FY2022▲ +3%
Tap a bar for its year
Net assets by fiscal year
FY2020$28.1M
FY2021$29.6M
FY2022$30.6M
FY2023$29.9M

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2023) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023. IRS ruling in Jul 1961.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

11 people listed on the 990; $733K paid to officers and key staff.

Part VII, Section A · reportable compensation
General Mana
$224,335Pt VII · Sec A
Former Gener
$219,657Pt VII · Sec A
Plant Manage
$129,402Pt VII · Sec A
$36,731Pt VII · Sec A
$36,231Pt VII · Sec A
$34,063Pt VII · Sec A
Vice Preside
$22,955Pt VII · Sec A
$9,300Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2023FY2022FY2021FY2020
Christy Berger—$219,657$439,148$418,148
Laura Gullickson$257,775$224,335$164,008$154,457
Matt Hoyt$126,878$129,402$119,230$113,202
Tyson Gullicksrud$103,112———
Bruce Lindstorm$36,819———
Stanley Winsand$36,620$36,731$32,621$27,696
Bruce Lindstrom—$36,231$30,121$26,995
Michael Hayden$34,981$34,063$29,753$28,827

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Offers members affordable phone and internet services.

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Provided by the organization

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1 program · in their own filed words · FY2022
01

Provided telecommunications services to its member subscribers.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$10K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$8.2M
Ln 12
Fees for servicesLn 2g$5.5M
Other incomeLn 4–11$2.4M
Investment incomeLn 3$332K
Money outPt IX
$6.0M
Ln 25
Owns and owesPt X
$30.6M
net assets · Ln 32
Cash and savingsLn 1–2$15.1M
Total assetsLn 16$37.8M
LiabilitiesLn 26$7.2M
PeoplePt VI, VII
11
listed · VII A
PaidVII A11
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$5.5M
Investment incomeLn 3$332K
Other incomeLn 4–11$2.4M
Total revenueLn 12$8.2M
Assets in detailPt X, end of year
CashLn 1$183K
SavingsLn 2$14.9M
Cash and savings togetherLn 1–2$15.1M
InvestmentsLn 11–13$7.7M
Land, buildings, equipmentLn 10c$12.3M
Other assetsLn 15$1.9M
Total assetsLn 16$37.8M
LiabilitiesLn 26$7.2M
Net assetsLn 32$30.6M
OperationsPt I, VI
EmployeesI 515
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$14.3M$15.1M
InvestmentsLn 11–13$7.3M$7.7M
Land, buildings, equipmentLn 10c$10.9M$12.3M
Total assetsLn 16$35.3M$37.8M
LiabilitiesLn 26$5.7M$7.2M
Net assetsLn 32$29.6M$30.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Benefits paid to or for membersLn 4$165K
Pay of current officers, directors and key staffLn 5$571K
Pay of disqualified personsLn 6$241K
InterestLn 20$58K
Depreciation, depletion and amortizationLn 22$1.9M
Other expenses (24a–d)Ln 24$2.8M
All other expensesLn 24e$297K
Total functional expensesLn 25$6.0M$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest $8.3M$7.3M$950K$29.9M 990 PDF
FY2022 Viewing $8.2M$6.0M$2.2M$30.6M 990 PDF
FY2021 $8.2M$6.3M$2.0M$29.6M 990 PDF
FY2020 $8.3M$6.6M$1.8M$28.1M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $8,166,888 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $5,776,197$5,482,215
I-10 Investment incomePrior year $368,227$332,149
I-11 Other revenuePrior year $2,093,932$2,352,524
I-12 Total revenuePrior year $8,238,356$8,166,888
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to membersPrior year $161,211$164,803
I-15 Salaries and benefitsPrior year $1,003,187$812,429
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $5,095,547$5,028,818
I-18 Total expensesPrior year $6,259,945$6,006,050
I-19 Revenue less expensesPrior year $1,978,411$2,160,838
Part VI · Governance 7 of 7 board members independent, no flags
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $8,166,888 across 4 lines filed
Lines not itemized here account for $32,415 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $5,446,199 · Unrelated business $36,016$5,482,215
VIII-3 Investment incomeExcluded from tax $332,149$332,149
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2,320,109$2,320,109
VIII-12 Total revenueRelated to mission $7,798,723 · Unrelated business $36,016 · Excluded from tax $332,149$8,166,888
Part IX · Statement of functional expenses $6,006,050 across 7 lines filed
IX-4 Benefits paid to or for members$164,803
IX-5 Pay of current officers, directors and key staff$570,954
IX-6 Pay of disqualified persons$241,475
IX-20 Interest$57,834
IX-22 Depreciation, depletion and amortization$1,911,114
IX-24 Other expenses (24a–d)$2,762,556
IX-24e All other expenses$297,314
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$6,006,050
Part X · Balance sheet $37,798,517 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $201,586$182,507
X-2 Savings and temporary cash investmentsStart of year $14,131,992$14,897,539
X-4 Accounts receivableStart of year $398,167$697,783
X-8 Inventories for sale or useStart of year $67,709$139,152
X-9 Prepaid expenses and deferred chargesStart of year $23,675$19,090
X-10c Land, buildings and equipment, netStart of year $10,915,633$12,261,264
X-12 Other securitiesStart of year $7,007,041$7,436,600
X-13 Program-related investmentsStart of year $277,980$277,980
X-15 Other assetsStart of year $2,242,327$1,886,602
X-16 Total assetsStart of year $35,266,110$37,798,517
X-17 Accounts payable and accrued expensesStart of year $228,646$1,785,840
X-25 Other liabilitiesStart of year $1,448,217$1,393,592
X-26 Total liabilitiesStart of year $5,659,660$7,176,421
X-32 Total net assets or fund balancesStart of year $29,606,450$30,622,096
X-33 Total liabilities and net assetsStart of year $35,266,110$37,798,517
Part XI · Reconciliation of net assets $30,622,096 net assets at year end
XI-1 Total revenue$8,166,888
XI-2 Total expenses$6,006,050
XI-3 Revenue less expenses$2,160,838
XI-4 Net assets at start of year$29,606,450
XI-5 Net unrealized gains (losses) on investments−$492,848
XI-9 Other changes in net assets−$652,344
XI-10 Net assets at end of year$30,622,096

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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