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Palo Cooperative Telephone

  • Palo, IA
  • Tax-exempt since Nov. 1977
  • EIN: 42-0793094

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.

Summary charts: organization finances over time

Revenue
$1.69M (2023)

Expenses
$1.76M (2023)

Total Assets
$6.16M (2023)

Total Liabilities
$60.1k (2023)

Years with missing data
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

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,685,077
Expenses
$1,760,331
Net Income
-$75,254
Net Assets
$6,095,406
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,452,056
86.2%
Investment Income $82,734
4.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $2,521
0.1%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $147,766
8.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $125,872
7.2%
Professional Fundraising Fees $0
Other Salaries and Wages $77,551
4.4%
Assets/Debt
Total Assets $6,155,489
Total Liabilities $60,083
Net Assets $6,095,406
Club or Co-Op Income
Income From Members $775,942
Income From Other Sources $134,823
Compensation
Key Employees and Officers Compensation Related Other
Erin Petersen (Gm/Ceo/Coo) $107,154 $0 $13,301
Jeremy Robertson (Board Treasurer) $1,120 $0 $0
Danny Gardemann (Board President) $980 $0 $0
Eric Schmitz (Officer Of The Board) $980 $0 $0
Gordon Bull (Treasurer) $980 $0 $0
Jeremy Miller (Board Vice President) $980 $0 $0
Mark Harvey (Officer/Director Of The Board) $377 $0 $0
+ View more people

Document Links

990
Filed on Nov. 13, 2024

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

View Filing
XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,705,029
Expenses
$1,314,624
Net Income
$390,405
Net Assets
$5,370,831
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,554,909
91.2%
Investment Income $45,085
2.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $2,422
0.1%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $102,613
6.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $119,437
9.1%
Professional Fundraising Fees $0
Other Salaries and Wages $37,322
2.8%
Assets/Debt
Total Assets $5,469,047
Total Liabilities $98,216
Net Assets $5,370,831
Club or Co-Op Income
Income From Members $784,035
Income From Other Sources $71,590
Compensation
Key Employees and Officers Compensation Related Other
Erin Petersen (Gm/Ceo/Coo) $112,000 $0 $2,880
Jeremy Robertson (Board Treasurer) $960 $0 $0
Danny Gardemann (Board President) $840 $0 $0
Jeremy Miller (Board Vice President) $840 $0 $0
Gordon Bull (Treasurer) $840 $0 $0
Eric Schmitz (Officer Of The Board) $700 $0 $0
Mark Harvey (Officer/Director Of The Board) $377 $0 $0
+ View more people

Document Links

990
Filed on Nov. 15, 2022

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,611,577
Expenses
$1,450,018
Net Income
$161,559
Net Assets
$4,777,530
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,403,183
87.1%
Investment Income $51,872
3.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $2,220
0.1%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $154,302
9.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $96,945
6.7%
Professional Fundraising Fees $0
Other Salaries and Wages $42,046
2.9%
Assets/Debt
Total Assets $4,917,297
Total Liabilities $139,767
Net Assets $4,777,530
Club or Co-Op Income
Income From Members $762,575
Income From Other Sources $59,889
Compensation
Key Employees and Officers Compensation Related Other
Erin Petersen (General Manager) $90,224 $0 $1,517
Gordon Bull (Director/Treasurer) $980 $0 $0
Danny Gardemann (Director/President) $980 $0 $0
Travis Schrage (Director/Vice President) $840 $0 $0
Dustin Mckenna (Director/Secretary) $800 $0 $0
Jeremy Miller (Director) $700 $0 $0
Mark Harvey (Director) $384 $0 $0
Shirley Harrison (Director/Secretary) $160 $0 $0
Doug Yates (Director/Treasurer) $140 $0 $0
Jay Shultz (Director/Vice President) $140 $0 $0
Jeremy Robertson (Director/Secretary) $80 $0 $0
+ View more people

Document Links

990
Filed on Nov. 12, 2021

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

View Filing
XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,291,142
Expenses
$1,257,671
Net Income
$33,471
Net Assets
$3,663,609
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,276,698
98.9%
Investment Income $11,283
0.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $2,422
0.2%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $739
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $73,423
5.8%
Professional Fundraising Fees $0
Other Salaries and Wages $83,527
6.6%
Assets/Debt
Total Assets $3,756,617
Total Liabilities $93,008
Net Assets $3,663,609
Club or Co-Op Income
Income From Members $689,006
Income From Other Sources $25,901
Compensation
Key Employees and Officers Compensation Related Other
Erin Petersen (General Manager) $58,611 $0 $9,675
Shirley Harrison (Director/Secretary) $1,040 $0 $0
Gordon Bull (Director) $980 $0 $0
Doug Yates (Director/Treasurer) $980 $0 $0
Danny Gardemann (Director/President) $910 $0 $0
Jay Shultz (Director/Vice President) $850 $0 $0
Mark Harvey (Director) $377 $0 $0
+ View more people

Document Links

990
Filed on Oct. 9, 2020

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,175,299
Expenses
$1,150,811
Net Income
$24,488
Net Assets
$3,330,481
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,135,152
96.6%
Investment Income $37,094
3.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $2,422
0.2%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales -$564
Other Revenue $1,195
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $48,031
4.2%
Professional Fundraising Fees $0
Other Salaries and Wages $42,216
3.7%
Assets/Debt
Total Assets $3,606,079
Total Liabilities $275,598
Net Assets $3,330,481
Club or Co-Op Income
Income From Members $718,613
Income From Other Sources $40,363
Compensation
Key Employees and Officers Compensation Related Other
Erin Petersen (General Manager (Start 08/18)) $43,271 $0 $0
Shirley Harrison (Secretary) $1,120 $0 $0
Gordon Bull (Director) $980 $0 $0
Doug Yates (Treasurer) $910 $0 $0
Jay Shultz (Vice President) $910 $0 $0
Danny Gardemann (President) $840 $0 $0
Mark Harvey (General Manager (Ending 07/18)) $0 $0 $0
+ View more people

Document Links

990
Filed on Nov. 15, 2019

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,055,272
Expenses
$859,730
Net Income
$195,542
Net Assets
$3,085,592
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,051,192
99.6%
Investment Income $6,521
0.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $2,226
0.2%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $2,450
0.2%
Other Revenue -$7,117
Notable Expenses Percent of Total Expenses
Executive Compensation $6,050
0.7%
Professional Fundraising Fees $0
Other Salaries and Wages $65,964
7.7%
Assets/Debt
Total Assets $3,252,110
Total Liabilities $166,518
Net Assets $3,085,592
Club or Co-Op Income
Income From Members $678,276
Income From Other Sources $18,803
Compensation
Key Employees and Officers Compensation Related Other
Mark Harvey (General Manager) $1,500 $0 $0
Jay Shultz (Vice President) $1,030 $0 $0
Doug Yates (Treasurer) $980 $0 $0
Gordon Bull (Director) $980 $0 $0
Danny Gardemann (President) $840 $0 $0
Shirley Harrison (Secretary) $720 $0 $0
+ View more people

Document Links

990
Filed on Nov. 15, 2018

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,057,092
Expenses
$1,057,092
Net Income
$0
Net Assets
$2,872,198
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,046,608
99.0%
Investment Income $11,315
1.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $2,422
0.2%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales -$737
Other Revenue -$2,516
Notable Expenses Percent of Total Expenses
Executive Compensation $6,980
0.7%
Professional Fundraising Fees $0
Other Salaries and Wages $119,084
11.3%
Assets/Debt
Total Assets $3,056,247
Total Liabilities $184,049
Net Assets $2,872,198
Club or Co-Op Income
Income From Members $647,202
Income From Other Sources $13,785
Compensation
Key Employees and Officers Compensation Related Other
Mark Harvey (General Manager) $1,500 $0 $0
Danny Gardemann (President) $1,120 $0 $0
Doug Yates (Treasurer) $1,120 $0 $0
Gordon Bull (Director) $1,120 $0 $0
Jay Shultz (Director) $1,100 $0 $0
Shirley Harrison (Secretary) $1,020 $0 $0
Dick Minor (Vice President) $0 $0 $0
+ View more people

Document Links

990
Filed on Nov. 15, 2017

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$970,750
Expenses
$917,604
Net Income
$53,146
Net Assets
$2,722,360
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $949,057
97.8%
Investment Income $18,633
1.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $1,817
0.2%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $324
0.0%
Other Revenue $919
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $74,784
8.1%
Professional Fundraising Fees $0
Other Salaries and Wages $118,198
12.9%
Assets/Debt
Total Assets $3,020,437
Total Liabilities $298,077
Net Assets $2,722,360
Club or Co-Op Income
Income From Members $585,854
Income From Other Sources $20,450

Document Links

990

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

PDF

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$979,967
Expenses
$887,386
Net Income
$92,581
Net Assets
$2,677,574
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $954,613
97.4%
Investment Income $36,778
3.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales -$12,382
Other Revenue $958
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $90,994
10.3%
Professional Fundraising Fees $0
Other Salaries and Wages $118,402
13.3%
Assets/Debt
Total Assets $3,061,015
Total Liabilities $383,441
Net Assets $2,677,574
Club or Co-Op Income
Income From Members $560,289
Income From Other Sources $36,778

Document Links

990

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

PDF

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$896,981
Expenses
$1,063,780
Net Income
-$166,799
Net Assets
$2,596,465
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $853,381
95.1%
Investment Income $37,117
4.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $5,533
0.6%
Other Revenue $950
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $89,833
8.4%
Professional Fundraising Fees $0
Other Salaries and Wages $147,249
13.8%
Assets/Debt
Total Assets $3,114,368
Total Liabilities $517,903
Net Assets $2,596,465
Club or Co-Op Income
Income From Members $521,640
Income From Other Sources $72,519

Document Links

990

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

PDF

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$933,015
Expenses
$967,138
Net Income
-$34,123
Net Assets
$2,801,953
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $889,395
95.3%
Investment Income $43,109
4.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $1,320
0.1%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales -$1,703
Other Revenue $894
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $87,677
9.1%
Professional Fundraising Fees $0
Other Salaries and Wages $142,415
14.7%
Assets/Debt
Total Assets $3,299,470
Total Liabilities $497,517
Net Assets $2,801,953
Club or Co-Op Income
Income From Members $516,639
Income From Other Sources $44,429

Document Links

990

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

PDF

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$942,644
Expenses
$931,726
Net Income
$10,918
Net Assets
$2,867,566
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $865,774
91.8%
Investment Income $50,205
5.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $25,726
2.7%
Other Revenue $939
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $83,269
8.9%
Professional Fundraising Fees $0
Other Salaries and Wages $210,539
22.6%
Assets/Debt
Total Assets $3,027,866
Total Liabilities $160,300
Net Assets $2,867,566
Club or Co-Op Income
Income From Members $515,499
Income From Other Sources $52,485

Document Links

990

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

PDF

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

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

PDF

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

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

PDF

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

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

PDF

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

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

PDF

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

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

PDF

About 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 information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include 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 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?

Every organization that has been recognized as tax exempt by the IRS has to file 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 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."

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

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 EINs 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. Bulk PDF downloads since 2017 are available from the IRS.
  • 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.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

Byline

By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

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