Farmers Mutual Cooperative Telephone Co

  • Moulton, IA
  • Tax exemption issued: Dec. 1962
  • EIN: 42-0246310

Organization summary

Type of Nonprofit

Designated as a Benevolent life insurance associations, irrigation companies, telephone companies, etc., which have a mutually beneficial nature.

Donations to this organization are not tax deductible.

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Organizations with gross receipts of less than $50,000 can file the form 990-N postcard filing, which doesn’t include financial details. All Form 990 data is from the IRS.

Fiscal Year Ending Sept.
2025

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,180,906
Expenses
$1,713,304
Net Income
$467,602
Net Assets
$5,871,713
Notable Sources of Revenue Percent of Total Revenue
Contributions $340,421
15.6%
Program Services $1,720,773
78.9%
Investment Income $95,274
4.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $24,078
1.1%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $360
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $114,114
6.7%
Professional Fundraising Fees $0
Other Salaries and Wages $358,732
20.9%
Assets/Debt
Total Assets $22,774,068
Total Liabilities $16,902,355
Net Assets $5,871,713
Club or Co-Op Income
Income From Members $1,023,990
Income From Other Sources $95,660
Compensation
Key Employees and Officers Compensation Related Other
Tammy Wheeler (General Manager) $86,422 $0 $17,016
Carol Sue Howard (Director/secretary) $900 $0 $0
Alan Boetticher (Director) $900 $0 $0
Jerald Lawson (Director/president) $825 $0 $0
Lyle Hodges (Director) $825 $0 $0
John Probasco (Director) $750 $0 $0
Whitney Ballanger (Director) $675 $0 $0
Kalen Martsching (Director) $0 $0 $0
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Document Links

990
Filed on April 6, 2026

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Sept.
2024

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,570,034
Expenses
$1,284,213
Net Income
$285,821
Net Assets
$5,152,491
Notable Sources of Revenue Percent of Total Revenue
Contributions $35,097
2.2%
Program Services $1,424,981
90.8%
Investment Income $89,300
5.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $20,656
1.3%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $103,854
8.1%
Professional Fundraising Fees $0
Other Salaries and Wages $217,188
16.9%
Assets/Debt
Total Assets $16,501,844
Total Liabilities $11,349,353
Net Assets $5,152,491
Club or Co-Op Income
Income From Members $715,339
Income From Other Sources $89,317
Compensation
Key Employees and Officers Compensation Related Other
Tammy Wheeler (General Manager) $89,371 $0 $16,984
Jerald Lawson (Director/president) $825 $0 $0
Alan Boetticher (Director) $825 $0 $0
Lyle Hodges (Director) $825 $0 $0
Carol Sue Howard (Director/secretary) $750 $0 $0
Whitney Ballanger (Director) $600 $0 $0
John Probasco (Director) $375 $0 $0
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990
Filed on Aug. 14, 2025

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Sept.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,387,335
Expenses
$1,290,493
Net Income
$96,842
Net Assets
$4,724,996
Notable Sources of Revenue Percent of Total Revenue
Contributions $16,853
1.2%
Program Services $1,263,777
91.1%
Investment Income $86,639
6.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $19,897
1.4%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $169
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $93,067
7.2%
Professional Fundraising Fees $0
Other Salaries and Wages $204,705
15.9%
Assets/Debt
Total Assets $11,339,096
Total Liabilities $6,614,100
Net Assets $4,724,996
Club or Co-Op Income
Income From Members $554,638
Income From Other Sources $86,807
Compensation
Key Employees and Officers Compensation Related Other
Tammy Wheeler (General Manager) $89,371 $0 $16,984
Alan Boettcher (Director) $825 $0 $0
Jerald Lawson (Director/president) $825 $0 $0
Lyle Hodges (Director) $825 $0 $0
Carol Sue Howard (Director/secretary) $750 $0 $0
Whitney Ballanger (Director) $600 $0 $0
John Probasco (Director) $375 $0 $0
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990
Filed on March 28, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Sept.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,225,149
Expenses
$1,165,410
Net Income
$59,739
Net Assets
$3,799,210
Notable Sources of Revenue Percent of Total Revenue
Contributions $36,300
3.0%
Program Services $1,136,111
92.7%
Investment Income $32,674
2.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $20,286
1.7%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales -$222
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $84,202
7.2%
Professional Fundraising Fees $0
Other Salaries and Wages $61,738
5.3%
Assets/Debt
Total Assets $4,124,687
Total Liabilities $325,477
Net Assets $3,799,210
Club or Co-Op Income
Income From Members $459,423
Income From Other Sources $57,564
Compensation
Key Employees and Officers Compensation Related Other
Tammy Wheeler (General Manager) $61,532 $0 $18,010
Alan Boettcher (Director) $975 $0 $0
Carol Sue Howard (Director/secretary) $975 $0 $0
Jerald Lawson (Director/president) $900 $0 $0
John Probasco (Director) $900 $0 $0
Lyle Hodges (Director) $900 $0 $0
Orval Stevenson (Director) $750 $0 $0
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990
Filed on June 23, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Sept.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,400,580
Expenses
$839,813
Net Income
$560,767
Net Assets
$2,627,291
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,077,561
76.9%
Investment Income $301,666
21.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $21,771
1.6%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales -$592
Other Revenue $174
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $79,953
9.5%
Professional Fundraising Fees $0
Other Salaries and Wages $62,509
7.4%
Assets/Debt
Total Assets $3,141,871
Total Liabilities $514,580
Net Assets $2,627,291
Club or Co-Op Income
Income From Members $0
Income From Other Sources $0

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF
PDF (2 of 2)

Fiscal Year Ending Sept.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$901,373
Expenses
$877,918
Net Income
$23,455
Net Assets
$2,342,302
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $850,042
94.3%
Investment Income $23,455
2.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $21,481
2.4%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales -$882
Other Revenue $7,277
0.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $74,717
8.5%
Professional Fundraising Fees $0
Other Salaries and Wages $56,781
6.5%
Assets/Debt
Total Assets $3,238,878
Total Liabilities $896,576
Net Assets $2,342,302
Club or Co-Op Income
Income From Members $421,656
Income From Other Sources $50,032
Compensation
Key Employees and Officers Compensation Related Other
Tammy Wheeler (General Manager) $57,120 $0 $12,309
Carol Sue Howard (Director/secretary) $900 $0 $0
Lyle Hodges (Director) $900 $0 $0
Jerald Lawson (Director/president) $825 $0 $0
Alan Boettcher (Director) $825 $0 $0
Orval Stevenson (Director) $750 $0 $0
John Probasco (Director) $600 $0 $0
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Document Links

990
Filed on June 27, 2018

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Sept.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$956,046
Expenses
$960,541
Net Income
-$4,495
Net Assets
$2,380,247
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $892,677
93.4%
Investment Income $31,595
3.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $21,316
2.2%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $3,145
0.3%
Other Revenue $7,313
0.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $60,800
6.3%
Professional Fundraising Fees $0
Other Salaries and Wages $67,966
7.1%
Assets/Debt
Total Assets $3,525,758
Total Liabilities $1,145,511
Net Assets $2,380,247
Club or Co-Op Income
Income From Members $415,622
Income From Other Sources $57,296
Compensation
Key Employees and Officers Compensation Related Other
Tammy Wheeler (General Manager) $57,120 $0 $0
Carol Sue Howard (Director/secretary) $900 $0 $0
Lyle Hodges (Director) $900 $0 $0
Jerald Lawson (Director/president) $825 $0 $0
Alan Boettcher (Director) $825 $0 $0
Orval Stevenson (Director) $750 $0 $0
John Probasco (Director) $600 $0 $0
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Document Links

990
Filed on Aug. 15, 2017

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains financial information from tax returns processed by the IRS since the 2012 calendar years, as well as data extracted from digital filings. IRS summary data also includes limited older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits for nonprofit organizations that spent $750,000 or more in federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Most organizations that have been recognized as tax exempt by the IRS have to file the Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file the Form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard," which does not contain financial details. Churches are not required to file Form 990.

Nonprofit Explorer has organizations that are claiming tax exemption in any of the 27 subsections of the 501(c) section of the tax code. Taxable trusts and private foundations that are required to file a form 990PF are also included.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes Employer Identification Numbers and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

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