Civic Intelligence

Atlantic Telephone Membership Corporation Retiree Welfare Trust

990 • Fiscal year 2016 • EIN 20-8662055

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 07, 2017

Organization ProfileN/A

View Organization Page

620 Whiteville Road NWShallotte, NC 28459

(910) 754-4301

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

27th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • 501(c)9 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

27th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • 501(c)9 • $5M-$10M nonprofits • Source year 2016

Net Margin

93rd percentile

60%

Higher net margin than 93% of similar nonprofits.

2016 filings • 501(c)9 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

88th percentile

$202,908

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 12.9% of source-year revenue.

2016 filings • 501(c)9 • $5M-$10M nonprofits • Source year 2016

Asset Growth

74th percentile

14%

Faster asset growth than 74% of similar nonprofits.

2016 filings • 501(c)9 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

34th percentile

-1.6%

Faster revenue growth than 34% of similar nonprofits.

2016 filings • 501(c)9 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets27th percentile

Assets

Up

$9,755,909

Up $1,199,105 (+14%) from 2015

Net Assets

Up

$9,755,909

Up $1,199,105 (+14%) from 2015

Liabilities

Flat

$0

Flat from 2015

Revenue And Expenses
Liabilities / Revenue27th percentileNet Margin93rd percentile

Revenue

Down

$1,571,765

Down $25,851 (-1.6%) from 2015

Expenses

Up

$631,308

Up $25,554 (+4.2%) from 2015

Net Income

Down

$940,457

Down $51,405 (-5.2%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth74th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$20M$15M$10M$5.0M$0-$5.0MAssets 2011: $3,891,031Liabilities 2011: -$336,759Net Assets 2011: $4,227,7902011Assets 2012: $5,094,918Liabilities 2012: $260,026Net Assets 2012: $4,834,8922012Assets 2013: $6,974,536Liabilities 2013: $1,498,405Net Assets 2013: $5,476,1312013Assets 2014: $8,102,965Liabilities 2014: $1,400,030Net Assets 2014: $6,702,9352014Assets 2015: $8,556,804Liabilities 2015: $0Net Assets 2015: $8,556,8042015Assets 2016: $9,755,909Liabilities 2016: $0Net Assets 2016: $9,755,9092016Assets 2017: $12,414,548Liabilities 2017: $0Net Assets 2017: $12,414,5482017Assets 2018: $11,876,310Liabilities 2018: $0Net Assets 2018: $11,876,3102018Assets 2019: $14,710,547Liabilities 2019: $0Net Assets 2019: $14,710,5472019Assets 2020: $16,605,736Liabilities 2020: $0Net Assets 2020: $16,605,7362020Assets 2021: $18,926,434Liabilities 2021: $0Net Assets 2021: $18,926,4342021Assets 2022: $15,902,654Liabilities 2022: $0Net Assets 2022: $15,902,6542022Assets 2023: $13,988,935Liabilities 2023: $22,434Net Assets 2023: $13,966,5012023Assets 2024: $13,552,558Liabilities 2024: $0Net Assets 2024: $13,552,5582024

Highlighted filing

2016

Assets$9,755,909
Liabilities$0
Net Assets$9,755,909
Open 2016 Filing

Operations Trend

Revenue Growth34th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0MExpenses 2011: $478,2382011Expenses 2012: $522,4732012Revenue 2013: $1,165,224Expenses 2013: $523,985Net Income 2013: $641,2392013Revenue 2014: $1,767,911Expenses 2014: $541,107Net Income 2014: $1,226,8042014Revenue 2015: $1,597,616Expenses 2015: $605,754Net Income 2015: $991,8622015Revenue 2016: $1,571,765Expenses 2016: $631,308Net Income 2016: $940,4572016Revenue 2017: $2,305,205Expenses 2017: $769,394Net Income 2017: $1,535,8112017Revenue 2018: $2,085,732Expenses 2018: $762,882Net Income 2018: $1,322,8502018Revenue 2019: $2,457,982Expenses 2019: $899,291Net Income 2019: $1,558,6912019Revenue 2020: $2,010,292Expenses 2020: $986,080Net Income 2020: $1,024,2122020Revenue 2021: $2,700,585Expenses 2021: $935,224Net Income 2021: $1,765,3612021Revenue 2022: $1,116,655Expenses 2022: $877,291Net Income 2022: $239,3642022Revenue 2023: $1,149,646Expenses 2023: $5,018,148Net Income 2023: -$3,868,5022023Revenue 2024: $2,815,136Expenses 2024: $2,839,484Net Income 2024: -$24,3482024

Highlighted filing

2016

Revenue$1,571,765
Expenses$631,308
Net Income$940,457
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 7, 2017
Return Version
2016v3.0
Gross Receipts
$1,737,321
Mission and Program Overview

Mission

The organization provides certain medical, dental, and life insurance benefits along with discounts on telephone, internet and cable television services for the eligible retirees of the atlantic telephone membership corporation and dependents of such eligible retirees.

The organization provides certain medical, dental, and life insurance benefits for the eligible retirees of the Atlantic Telephone Membership Corporation and dependents of such eligible retirees.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$8,556,804$9,755,909▲ $1,199,105
Investments in Publicly Traded Securities$8,372,783$9,570,153▲ $1,197,370
Savings and Temporary Cash Investments$178,953$180,475▲ $1,522
Cash and Non-Interest-Bearing Accounts$5,068$5,281▲ $213
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$8,556,804$9,755,909▲ $1,199,105
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$8,556,804$9,755,909▲ $1,199,105
Total Liabilities and Net Assets / Fund Balance$8,556,804$9,755,909▲ $1,199,105
Compensation and Service Providers
Top Officer Pay88th percentile

Employees

NameTitleOtherTotal
Roger CoxTrustee$116,910$116,910
Kim EdwardsTrustee$114,517$114,517
Allen RussTrustee$76,852$76,852
Jamie MillikenTrustee$16,442$16,442

Board Members and Trustees

NameTitle
O'Neal MillerTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,275,400
Investment Income
$296,365
Other Revenue
$0
Change in Net Assets
$940,457

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,495,857
Revenue Not Reported on Financial Statements
$75,908
Revenue Not Reported on Form 990
$258,648
Total Revenue per Audited Statements
$1,754,505
Total Revenue per Form 990
$1,571,765
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$75,908
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$555,400
Fees for Service Investment Mgmnt Fees---$73,202
Other Expenses---$2,706
Total Functional Expenses$0$0$0$631,308

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$631,308
Expenses per Audited Statements$555,400
Total Expenses per Audited Statements$555,400
Expenses Not Reported on Financial Statements$75,908
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11B

“The Vice President, Accounting & Finance of Atlantic Telephone Membership reviewed the Form 990 before is was filed with the Internal Revenue Service.”

Form 990, Part VI, Section B, line 12C

“The compliance with the policy is reviewed each year at the annual meeting.”

Form 990, Part VI, Section C, line 19

“These documents are available upon request at the Atlantic Telephone Membership Corporation main office.”

Filing and Contact Details

Filer

Filer Name
Atlantic Telephone Membership
EIN
20-8662055
Phone
9107544301
Address
620 Whiteville Road NW, Shallotte, NC 28459

Signing Officer

Name
Kim Edwards
Title
Trustee
Phone
9107544301
Signed
2017-11-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kim Edwards
Formed
2006
Legal Domicile
Nc
Voting Board Members
3
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Jackson Thornton & Co PC
Address
PO Box 96, Montgomery, AL 36101-0096
Preparer
Patrick Cooper
Phone
3348347660
Supplemental Narrative

Additional Explanations

Part XII, line 2C

“The organization has not changed its oversight or selection process.”

Financial Statement Notes

Part X, Line 2:

“The Trust established under the Plan to hold the Plan's net assets is qualified pursuant to Section 501(c)(9) of the Internal Revenue Code (IRC) and, accordingly, the Trust's net investment income is exempt from income taxes. The Plan sponsor has obtained a favorable tax determination letter from the Internal Revenue Service, and the Plan sponsor believes that the Trust, as amended, continues to qualify and to operate in accordance with applicable provisions on the IRC. Accounting principles generally accepted in the United States of America require Plan management to evaluate tax positions taken by the Plan and recognize a tax liability (or asset) if the Plan has taken an uncertain position that more likely than not would not be sustained upon examination by the Internal Revenue Service. The Plan administrator has analyzed the tax positions taken by the Plan, and has concluded that as of December 31, 2016 and 2015, there were no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The Plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The Plan administrator believes it is no longer subject to income tax exemptions for years prior to 2013.”

Raw XML Appendix351 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Trust established under the Plan to hold the Plan's net assets is qualified pursuant to Section 501(c)(9) of the Internal Revenue Code (IRC) and, accordingly, the Trust's net investment income is exempt from income taxes. The Plan sponsor has obtained a favorable tax determination letter from the Internal Revenue Service, and the Plan sponsor believes that the Trust, as amended, continues to qualify and to operate in accordance with applicable provisions on the IRC. Accounting principles generally accepted in the United States of America require Plan management to evaluate tax positions taken by the Plan and recognize a tax liability (or asset) if the Plan has taken an uncertain position that more likely than not would not be sustained upon examination by the Internal Revenue Service. The Plan administrator has analyzed the tax positions taken by the Plan, and has concluded that as of December 31, 2016 and 2015, there were no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The Plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The Plan administrator believes it is no longer subject to income tax exemptions for years prior to 2013.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Vice President, Accounting & Finance of Atlantic Telephone Membership reviewed the Form 990 before is was filed with the Internal Revenue Service.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The compliance with the policy is reviewed each year at the annual meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2These documents are available upon request at the Atlantic Telephone Membership Corporation main office.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The organization has not changed its oversight or selection process.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Part XII, line 2c
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Atlantic Telephone Membership Corporation
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Telecommunications
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0620 Whiteville Road NW
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Shallotte
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd028459
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt01258400
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0Plan Contributions
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0Atlantic Telephone Membership Corporation
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0S
IRS990ScheduleR/TransferFromOtherOrgInd01
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt08556804
IRS990/TotalAssetsEOYAmt09755909
IRS990/TotalAssetsGrp/BOYAmt08556804
IRS990/TotalAssetsGrp/EOYAmt09755909
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0631308
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt08556804
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt09755909
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt01275400
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0296365
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01275400
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01571765
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt08556804
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt09755909
IRS990/TotReportableCompRltdOrgAmt0527629
IRS990/TransactionWithControlEntInd00
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0620 Whiteville Road NW
IRS990/USAddress/CityNm0Shallotte
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd028459
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Kim Edwards
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Trustee
ReturnHeader/BusinessOfficerGrp/PhoneNum09107544301
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-11-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Atlantic Telephone Membership
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0Corporation Retiree Welfare Trust
ReturnHeader/Filer/BusinessNameControlTxt0ATLA
ReturnHeader/Filer/EIN0208662055
ReturnHeader/Filer/PhoneNum09107544301
ReturnHeader/Filer/USAddress/AddressLine1Txt0620 Whiteville Road NW
ReturnHeader/Filer/USAddress/CityNm0Shallotte
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028459
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DA39A3EE5E6B4B0D3255BFEF95601890AFD80709
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0183123B44C980926B3971B345CDDF42C4CF6E756
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt097.65.8.162
ReturnHeader/FilingSecurityInformation/IPDt02017-11-07
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm016:09:25
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0631035228
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Jackson Thornton & Co PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO Box 96
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Montgomery
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0361010096
ReturnHeader/PreparerPersonGrp/PhoneNum03348347660
ReturnHeader/PreparerPersonGrp/PreparationDt02017-11-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Patrick Cooper
ReturnHeader/ReturnTs02017-11-10T11:36:29-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$9,755,909
Liabilities
$0
Net assets
$9,755,909
Revenue
$1,571,765
Expenses
$631,308
Net income
$940,457
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.6$0.00$13.6$2.82$2.84$0.02
2023Detailed filing. Detailed filing data is available for this year.$14.0$0.02$14.0$1.15$5.02$3.87
2022Detailed filing. Detailed filing data is available for this year.$15.9$0.00$15.9$1.12$0.88$0.24
2021Detailed filing. Detailed filing data is available for this year.$18.9$0.00$18.9$2.70$0.94$1.77
2020Detailed filing. Detailed filing data is available for this year.$16.6$0.00$16.6$2.01$0.99$1.02
2019Detailed filing. Detailed filing data is available for this year.$14.7$0.00$14.7$2.46$0.90$1.56
2018Detailed filing. Detailed filing data is available for this year.$11.9$0.00$11.9$2.09$0.76$1.32
2017Detailed filing. Detailed filing data is available for this year.$12.4$0.00$12.4$2.31$0.77$1.54
2016Detailed filing. Detailed filing data is available for this year.$9.76$0.00$9.76$1.57$0.63$0.94
2015Detailed filing. Detailed filing data is available for this year.$8.56$0.00$8.56$1.60$0.61$0.99
2014Detailed filing. Detailed filing data is available for this year.$8.10$1.40$6.70$1.77$0.54$1.23
2013Detailed filing. Detailed filing data is available for this year.$6.97$1.50$5.48$1.17$0.52$0.64
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.09$0.26$4.83$0.52
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.89$0.34$4.23$0.48