Kalona Cooperative Telephone Company

Kalona, IA
Tax-exempt since Feb. 1951
EIN: 42-0650488

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Type of Nonprofit

Designated as a 501(c)(12) Benevolent life insurance associations, irrigation companies, telephone companies, etc., which have a mutually beneficial nature.

Donations to this organization are not tax deductible.

Revenue

$8.31M (2023)

Expenses

$8.49M (2023)

Total Assets

$20.7M (2023)

Total Liabilities

$8.66M (2023)

Source: Form 990 tax filings from 2011 to 2023

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. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Revenue

$8,308,916

Expenses

$8,494,279

Net Income

-$185,363

Net Assets

$12,002,490

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$18,005	0.2%
Program Services	$8,234,621	99.1%
Investment Income	$149,950	1.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$32,578	0.4%
Net Fundraising	$0
Sales of Assets	-$16,684
Net Inventory Sales	$0
Other Revenue	-$109,554

Notable Expenses		Percent of Total Expenses
Executive Compensation	$324,953	3.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$20,658,115
Total Liabilities	$8,655,625
Net Assets	$12,002,490

Club or Co-Op Income
Income From Members	$5,526,326
Income From Other Sources	$514,341

Compensation

Key Employees and Officers	Compensation	Related	Other
Casey Peck (Cfo/General Manager)	$188,993	$0	$77,838
Jeremy Gugel (Assistant Manager)	$119,852	$0	$33,426
Curt Wyse (Director)	$11,473	$0	$0
Steve Yotty (President)	$8,865	$0	$0
Steve Rich (Vice President)	$8,585	$0	$0
Atlee Yoder (Secretary)	$8,400	$0	$0
Keith Troyer (Director)	$7,000	$0	$0
Luke Horak (Director)	$7,000	$0	$0
Jeremy Kuenster (Director)	$6,800	$0	$0

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990

Filed on Oct. 30, 2024

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

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Fiscal Year Ending Dec.
2022

Revenue

$7,984,375

Expenses

$7,963,616

Net Income

$20,759

Net Assets

$10,998,289

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$36,998	0.5%
Program Services	$7,664,993	96.0%
Investment Income	$155,869	2.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$28,978	0.4%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$97,537	1.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$253,716	3.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$19,410,393
Total Liabilities	$8,412,104
Net Assets	$10,998,289

Club or Co-Op Income
Income From Members	$5,157,370
Income From Other Sources	$599,898

Compensation

Key Employees and Officers	Compensation	Related	Other
Casey Peck (Cfo/General Manager)	$174,145	$0	$42,303
Jeremy Gugel (Assistant Manager)	$115,055	$0	$31,890
Atlee Yoder (Secretary)	$10,867	$0	$0
Curt Wyse (Director)	$9,567	$0	$0
Luke Horak (Director)	$9,400	$0	$0
Steve Yotty (President)	$8,547	$0	$0
Steve Rich (Vice President)	$8,287	$0	$0
Keith Troyer (Director)	$6,800	$0	$0
Jeremy Kuenster (Director)	$6,800	$0	$0

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990

Filed on Sept. 19, 2023

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Fiscal Year Ending Dec.
2021

Revenue

$7,276,052

Expenses

$7,218,127

Net Income

$57,925

Net Assets

$9,794,035

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$244,694	3.4%
Program Services	$6,759,879	92.9%
Investment Income	$113,401	1.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$26,573	0.4%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$131,505	1.8%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$375,987	5.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$16,733,268
Total Liabilities	$6,939,233
Net Assets	$9,794,035

Club or Co-Op Income
Income From Members	$4,544,031
Income From Other Sources	$410,800

Compensation

Key Employees and Officers	Compensation	Related	Other
Casey Peck (Cfo/General Manager)	$172,322	$0	$35,912
Jeremy Gugel (Assistant Manager)	$106,718	$0	$0
Steve Rich (Vice President)	$14,437	$0	$0
Atlee Yoder (Secretary)	$9,637	$0	$0
Steve Yotty (President)	$8,547	$0	$0
Curt Wyse (Director)	$8,412	$0	$0
Keith Troyer (Director)	$6,800	$0	$0
Jeremy Kuenster (Director)	$6,600	$0	$0
Luke Horak (Director)	$6,600	$0	$0

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990

Filed on Sept. 29, 2022

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Fiscal Year Ending Dec.
2020

Revenue

$6,293,034

Expenses

$6,239,148

Net Income

$53,886

Net Assets

$8,691,424

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$6,092,813	96.8%
Investment Income	$80,322	1.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$21,554	0.3%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$98,345	1.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$254,034	4.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$15,254,584
Total Liabilities	$6,563,160
Net Assets	$8,691,424

Club or Co-Op Income
Income From Members	$4,320,392
Income From Other Sources	$296,825

Compensation

Key Employees and Officers	Compensation	Related	Other
Casey Peck (Cfo/General Manager)	$161,987	$0	$57,287
Jeremy Gugel (Assistant Manager)	$109,574	$0	$22,841
Steve Rich (Vice President)	$17,227	$0	$0
Curt Wyse (Director)	$8,636	$0	$0
Atlee Yoder (Secretary)	$8,547	$0	$0
Steve Yotty (President)	$8,547	$0	$0
Keith Troyer (Director)	$6,800	$0	$0
Jeremy Kuenster (Director)	$6,600	$0	$0
Luke Horak (Director)	$6,600	$0	$0

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990

Filed on Nov. 10, 2021

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Fiscal Year Ending Dec.
2019

Revenue

$5,648,962

Expenses

$5,607,227

Net Income

$41,735

Net Assets

$7,357,383

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$5,526,944	97.8%
Investment Income	$34,725	0.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$20,400	0.4%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$17,964	0.3%
Other Revenue	$48,929	0.9%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$210,910	3.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$622,775	11.1%

Assets/Debt
Total Assets	$13,743,089
Total Liabilities	$6,385,706
Net Assets	$7,357,383

Club or Co-Op Income
Income From Members	$3,993,213
Income From Other Sources	$115,812

Compensation

Key Employees and Officers	Compensation	Related	Other
Casey Peck (Cfo/General Manager)	$146,598	$0	$18,669
Steve Yotty (President)	$9,030	$0	$0
Atlee Yoder (Secretary)	$9,027	$0	$0
Steve Rich (Vice President)	$8,270	$0	$0
Kieth Troyer (Director)	$6,800	$0	$0
Curt Wyse (Director)	$5,566	$0	$0
Jeremy Kuenster (Director)	$3,600	$0	$0
Luke Horak (Director)	$3,350	$0	$0

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990

Filed on Nov. 6, 2020

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

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Fiscal Year Ending Dec.
2018

Revenue

$5,189,485

Expenses

$5,164,780

Net Income

$24,705

Net Assets

$6,994,549

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$5,035,573	97.0%
Investment Income	$72,754	1.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	-$9,502
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$33,501	0.6%
Other Revenue	$57,159	1.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$195,621	3.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$559,890	10.8%

Assets/Debt
Total Assets	$13,552,169
Total Liabilities	$6,557,620
Net Assets	$6,994,549

Club or Co-Op Income
Income From Members	$3,437,538
Income From Other Sources	$192,446

Compensation

Key Employees and Officers	Compensation	Related	Other
Casey Peck (Cfo/General Manager)	$141,365	$0	$22,462
Steve Rich (Vice President)	$7,792	$0	$0
Atlee Yoder (Secretary)	$7,572	$0	$0
Steve Yotty (President)	$6,984	$0	$0
Kieth Troyer (Director)	$5,300	$0	$0
Curt Wyse (Director)	$3,046	$0	$0
Jeremy Kuenster (Director)	$1,100	$0	$0

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990

Filed on Nov. 11, 2019

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Fiscal Year Ending Dec.
2017

Revenue

$4,531,031

Expenses

$4,514,065

Net Income

$16,966

Net Assets

$6,676,821

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$4,323,358	95.4%
Investment Income	$27,828	0.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	-$8,261
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$56,722	1.3%
Other Revenue	$131,384	2.9%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$128,896	2.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$583,884	12.9%

Assets/Debt
Total Assets	$13,109,754
Total Liabilities	$6,432,933
Net Assets	$6,676,821

Club or Co-Op Income
Income From Members	$2,894,853
Income From Other Sources	$148,961

Compensation

Key Employees and Officers	Compensation	Related	Other
Casey Peck (Cfo/Manager)	$137,293	$0	$11,038
Steve Rich (Vice President)	$6,729	$0	$0
Steve Yotty (President)	$6,699	$0	$0
Atlee Yoder (Secretary)	$6,425	$0	$0
Kieth Troyer (Director)	$5,400	$0	$0
Curt Wyse (Director)	$2,843	$0	$0
Jeremy Kuenster (Director)	$900	$0	$0

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990

Filed on Nov. 15, 2018

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Fiscal Year Ending Dec.
2016

Revenue

$4,378,606

Expenses

$4,126,041

Net Income

$252,565

Net Assets

$6,539,644

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$4,054,642	92.6%
Investment Income	$21,728	0.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	-$5,334
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$42,153	1.0%
Other Revenue	$265,417	6.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$129,591	3.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$634,314	15.4%

Assets/Debt
Total Assets	$12,785,951
Total Liabilities	$6,246,307
Net Assets	$6,539,644

Club or Co-Op Income
Income From Members	$2,385,600
Income From Other Sources	$352,435

Compensation

Key Employees and Officers	Compensation	Related	Other
Casey Peck (Cfo/Manager)	$120,761	$0	$24,890
Steve Yotty (President)	$1,800	$0	$4,870
Atlee Yoder (Secretary)	$1,800	$0	$4,436
Steve Rich (Director)	$1,730	$0	$4,820
Kieth Troyer (Director)	$1,200	$0	$4,200
Jeremy Kuenster (Director)	$1,200	$0	$309
Curt Wyse (Director)	$1,100	$0	$1,702

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990

Filed on Nov. 15, 2017

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

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Fiscal Year Ending Dec.
2015

Revenue

$4,594,870

Expenses

$4,229,655

Net Income

$365,215

Net Assets

$6,386,325

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$4,490,377	97.7%
Investment Income	$36,393	0.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$2,519	0.1%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	-$50,752
Other Revenue	$116,333	2.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$136,456	3.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$673,872	15.9%

Assets/Debt
Total Assets	$12,934,512
Total Liabilities	$6,548,187
Net Assets	$6,386,325

Club or Co-Op Income
Income From Members	$2,254,908
Income From Other Sources	$354,155

990

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

PDF

Fiscal Year Ending Dec.
2014

Revenue

$4,693,834

Expenses

$4,404,047

Net Income

$289,787

Net Assets

$6,183,589

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$4,583,767	97.7%
Investment Income	$58,318	1.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$3,486	0.1%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	-$67,029
Other Revenue	$115,292	2.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$124,591	2.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$628,686	14.3%

Assets/Debt
Total Assets	$12,984,016
Total Liabilities	$6,800,427
Net Assets	$6,183,589

Club or Co-Op Income
Income From Members	$2,133,441
Income From Other Sources	$374,431

990

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

PDF

Fiscal Year Ending Dec.
2013

Revenue

$4,557,624

Expenses

$4,200,148

Net Income

$357,476

Net Assets

$5,887,818

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$4,470,127	98.1%
Investment Income	$55,096	1.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$7,820	0.2%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	-$85,953
Other Revenue	$110,534	2.4%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$187,159	4.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$614,662	14.6%

Assets/Debt
Total Assets	$13,292,569
Total Liabilities	$7,404,751
Net Assets	$5,887,818

Club or Co-Op Income
Income From Members	$2,116,195
Income From Other Sources	$323,756

990

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

PDF

Fiscal Year Ending Dec.
2012

Revenue

$4,108,307

Expenses

$4,267,960

Net Income

-$159,653

Net Assets

$5,570,011

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$3,983,666	97.0%
Investment Income	$54,400	1.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$16,039	0.4%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	-$63,748
Other Revenue	$117,950	2.9%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$251,886	5.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$571,258	13.4%

Assets/Debt
Total Assets	$12,744,878
Total Liabilities	$7,174,867
Net Assets	$5,570,011

Club or Co-Op Income
Income From Members	$2,018,076
Income From Other Sources	$334,618

990

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$4,216,227

Expenses

$4,190,891

Net Income

$25,336

Net Assets

$5,782,630

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$4,126,730	97.9%
Investment Income	$57,507	1.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$24,478	0.6%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	-$111,392
Other Revenue	$118,904	2.8%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$120,915	2.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$595,637	14.2%

Assets/Debt
Total Assets	$13,787,918
Total Liabilities	$8,005,288
Net Assets	$5,782,630

Club or Co-Op Income
Income From Members	$2,050,039
Income From Other Sources	$350,277

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

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Kalona Cooperative Telephone Company

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $8.31M (2023)

Expenses $8.49M (2023)

Total Assets $20.7M (2023)

Total Liabilities $8.66M (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2011

Extracted Financial Data

Extracted Financial Data from Form 990

Revenue

$8.31M (2023)

Expenses

$8.49M (2023)

Total Assets

$20.7M (2023)

Total Liabilities

$8.66M (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004