Civic Intelligence

New Hope Telephone Cooperative

EIN 30-0316192 • 501(c)12 • New Hope, VA

Profile

NONE

PO Box 66New Hope, VA 24469

www.newhopetel.net

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

67th percentile

0.45x

Higher debt load relative to assets than 67% of similar nonprofits.

501(c)12 • $10M-$25M nonprofits • Source year 2025

Liabilities / Revenue

71st percentile

2.06x

Higher debt load relative to revenue than 71% of similar nonprofits.

501(c)12 • $10M-$25M nonprofits • Source year 2025

Net Margin

36th percentile

4.0%

Higher net margin than 36% of similar nonprofits.

501(c)12 • $10M-$25M nonprofits • Source year 2025

Top Officer Pay

60th percentile

$115,556

Higher top officer pay than 60% of similar nonprofits.

Top officer pay equals 4.9% of source-year revenue.

501(c)12 • $10M-$25M nonprofits • Source year 2025

Asset Growth

36th percentile

1.3%

Faster asset growth than 36% of similar nonprofits.

501(c)12 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Revenue Growth

55th percentile

6.5%

Faster revenue growth than 55% of similar nonprofits.

501(c)12 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Assets

Up

$10,581,276

Up $138,191 (+1.3%) from 2024

Liabilities

Down

$4,810,478

Down $220,756 (-4.4%) from 2024

Net Assets

Up

$5,770,798

Up $358,947 (+6.6%) from 2024

Revenue

Up

$2,337,681

Up $142,024 (+6.5%) from 2024

Expenses

Up

$2,244,521

Up $23,607 (+1.1%) from 2024

Net Income

Up

$93,160

Up $118,417 (+469%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15M$10M$5.0M$0Assets 2022: $10,490,010Liabilities 2022: $5,328,909Net Assets 2022: $5,161,1012022Assets 2023: $10,352,910Liabilities 2023: $5,143,778Net Assets 2023: $5,209,1322023Assets 2024: $10,443,085Liabilities 2024: $5,031,234Net Assets 2024: $5,411,8512024Assets 2025: $10,581,276Liabilities 2025: $4,810,478Net Assets 2025: $5,770,7982025

Highlighted filing

2025

Assets$10,581,276
Liabilities$4,810,478
Net Assets$5,770,798

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2022: $2,140,904Expenses 2022: $2,015,253Net Income 2022: $125,6512022Revenue 2023: $2,030,457Expenses 2023: $1,774,179Net Income 2023: $256,2782023Revenue 2024: $2,195,657Expenses 2024: $2,220,914Net Income 2024: -$25,2572024Revenue 2025: $2,337,681Expenses 2025: $2,244,521Net Income 2025: $93,1602025

Highlighted filing

2025

Revenue$2,337,681
Expenses$2,244,521
Net Income$93,160

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Nov 1, 2024 to Oct 31, 2025
Signed
Feb 24, 2026
Return Version
2024v5.5
Gross Receipts
$2,849,609
Mission and Program Overview

Mission

NONE

To create and maintain a quality communications system for customers of the new hope telephone cooperative, providing as many of their communications needs as practical.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$5,408,216$5,767,148▲ $358,932
Land, Buildings, and Equipment, Net$6,089,441$5,750,471▼ $338,970
Investments in Publicly Traded Securities$3,764,878$4,373,721▲ $608,843
Cash and Non-Interest-Bearing Accounts$312,536$333,662▲ $21,126
Inventories for Sale or Use$72,460$84,799▲ $12,339
Accounts Receivable$194,485$30,195▼ $164,290
Investments Other Securities$8,793$7,936▼ $857
Cap Stk Tr Prin Current Funds$3,635$3,650▲ $15
Savings and Temporary Cash Investments$492$492→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Total Assets$10,443,085$10,581,276▲ $138,191
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,779,000$4,538,673▼ $240,327
Other Liabilities$135,000$161,000▲ $26,000
Accounts Payable and Accrued Expenses$115,459$107,930▼ $7,529
Deferred Revenue$1,775$2,875▲ $1,100
Total Liabilities$5,031,234$4,810,478▼ $220,756
Net Assets / Fund Balance
Total Net Assets Fund Balance$5,411,851$5,770,798▲ $358,947
Total Liabilities and Net Assets / Fund Balance$10,443,085$10,581,276▲ $138,191

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$5,564,487$2,534,852$8,099,339
Equipment$13,758$1,372,256$1,386,014
Buildings$141,583$206,526$348,109
Land$30,643-$30,643
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Timothy HarrisGen Mgr & Exec VPFT$94,716$20,840$115,556
Jill LevineSec/treasFT$57,054$14,443$71,497
Larry PowellPresidentPT$14,437-$14,437
Ricky HelperDirector-$3,300-$3,300
Matt DeitzDirector-$3,000-$3,000
Steve JellersonDirector-$3,000-$3,000
Daniel PhillipsVice President-$2,700-$2,700
Daniel FloraDirector-$2,700-$2,700
Jason ShiflettDirector-$2,400-$2,400
Bud ShaverDirector-$2,100-$2,100
Marc ShieldsDirector-$2,100-$2,100
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,091,680
Investment Income
$246,858
Other Revenue
$-857
Change in Net Assets
$93,160

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,300,509
Revenue Not Reported on Financial Statements
$37,172
Revenue Not Reported on Form 990
$102,953
Total Revenue per Audited Statements
$2,403,462
Total Revenue per Form 990
$2,337,681
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,737,055
Salaries, Compensation, and Employee Benefits$507,466
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion---$464,863
Other Salaries and Wages---$258,078
Other Expenses---$188,869
Current Officers, Directors, Trustees, and Key Employees---$162,760
Interest---$156,722
Other Employee Benefits---$70,817
Fees for Services Accounting---$58,010
Fees for Service Investment Mgmnt Fees---$37,172
All Other Expenses---$23,064
Advertising---$17,415
Pension Plan Contributions---$15,811
Total Functional Expenses$0$0$0$2,244,521

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$2,244,521
Expenses per Audited Statements$1,913,731
Total Expenses per Audited Statements$1,913,731
Expenses Not Reported on Financial Statements$330,790
Other Expense Adjustments$293,618
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Income Taxes$161,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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 A, Line 6

Each customer of the cooperative must be a member. The rights of membership do not include involvement in governace, but does entitle the member to his/her portion of patronage equity.

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

The board of directors does not formally review and approve the form 990 prior to filing.

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

The cooperative's bylaws define conflicts of interest and require directors to recuse themselves from discussion and voting when such a conflict arises. Before any measure is brought up for discussion, directors will volunteer if any such conflict exists.

Form 990, Part VI, Section C, Line 19

The cooperative makes its governing documents and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
New Hope Telephone Cooperative
EIN
30-0316192
Phone
5403635277
Address
PO BOX 66, NEW HOPE, VA 24469

Signing Officer

Name
Timothy Harris
Title
General Manager
Phone
5403635277
Signed
2026-02-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Timothy Harris
Formed
1902
Legal Domicile
Va
Voting Board Members
9
Independent Board Members
9
Employees
7
Volunteers
0

Preparer

Firm
Brown Edwards & Company Llp
Address
1909 FINANCIAL DRIVE, HARRISONBURG, VA 22801
Preparer
James R Fries
Phone
5404346736
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Increase in memberships 15. Return of patronage to members -130,799. Allocation of current year patronage to members 293,618.

FORM 990, PART XII, LINE 2C:

There were no changes from the prior year.

Form 990 Footnote

New hope telephone cooperative is a 501(c)12 tax exempt organization. As such, if it receives more than 85% of its total income from members, it is tax exempt and completes a form 990 return. If it receives less than 85% of total income from members, it is a taxable entity and files a federal form 1120 income tax return. For several years recently, the cooperative has failed this 85/15 test and, accordingly, has filed a form 1120. For the prior two years and the current tax year, however, it passed this test and will file a form 990.

Financial Statement Notes

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Patronage allocation deduction 293,618.

Raw XML AppendixShowing 400 of 412 raw XML fields

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IRS990/ProgramServiceRevenueGrp/Desc4LONG DISTANCE NETWORK
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1428117
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2110586
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt359827
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt49569
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01483581
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1428117
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2110586
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt359827
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt49569
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt076761
IRS990/PYOtherExpensesAmt01753466
IRS990/PYOtherRevenueAmt0-260
IRS990/PYProgramServiceRevenueAmt02119156
IRS990/PYRevenuesLessExpensesAmt0-25257
IRS990/PYSalariesCompEmpBnftPaidAmt0467448
IRS990/PYTotalExpensesAmt02220914
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02195657
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt093160
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt05408216
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt05767148
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0492
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0492
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0141583
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0206526
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0348109
IRS990ScheduleD/EquipmentGrp/BookValueAmt013758
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01372256
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01386014
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0330790
IRS990ScheduleD/ExpensesSubtotalAmt01913731
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt037172
IRS990ScheduleD/InvestmentExpensesNotIncldAmt037172
IRS990ScheduleD/LandGrp/BookValueAmt030643
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt030643
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0102953
IRS990ScheduleD/OtherExpensesNotIncludedAmt0293618
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt05564487
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt02534852
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt08099339
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0161000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED INCOME TAXES
IRS990ScheduleD/RevenueNotReportedAmt0102953
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt037172
IRS990ScheduleD/RevenueSubtotalAmt02300509
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0PATRONAGE ALLOCATION DEDUCTION 293,618.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05750471
IRS990ScheduleD/TotalExpensesPerForm990Amt02244521
IRS990ScheduleD/TotalLiabilityAmt0161000
IRS990ScheduleD/TotalRevenuePerForm990Amt02337681
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02403462
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01913731
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EACH CUSTOMER OF THE COOPERATIVE MUST BE A MEMBER. THE RIGHTS OF MEMBERSHIP DO NOT INCLUDE INVOLVEMENT IN GOVERNACE, BUT DOES ENTITLE THE MEMBER TO HIS/HER PORTION OF PATRONAGE EQUITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS DOES NOT FORMALLY REVIEW AND APPROVE THE FORM 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE COOPERATIVE'S BYLAWS DEFINE CONFLICTS OF INTEREST AND REQUIRE DIRECTORS TO RECUSE THEMSELVES FROM DISCUSSION AND VOTING WHEN SUCH A CONFLICT ARISES. BEFORE ANY MEASURE IS BROUGHT UP FOR DISCUSSION, DIRECTORS WILL VOLUNTEER IF ANY SUCH CONFLICT EXISTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE COOPERATIVE MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4INCREASE IN MEMBERSHIPS 15. RETURN OF PATRONAGE TO MEMBERS -130,799. ALLOCATION OF CURRENT YEAR PATRONAGE TO MEMBERS 293,618.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THERE WERE NO CHANGES FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6NEW HOPE TELEPHONE COOPERATIVE IS A 501(C)12 TAX EXEMPT ORGANIZATION. AS SUCH, IF IT RECEIVES MORE THAN 85% OF ITS TOTAL INCOME FROM MEMBERS, IT IS TAX EXEMPT AND COMPLETES A FORM 990 RETURN. IF IT RECEIVES LESS THAN 85% OF TOTAL INCOME FROM MEMBERS, IT IS A TAXABLE ENTITY AND FILES A FEDERAL FORM 1120 INCOME TAX RETURN. FOR SEVERAL YEARS RECENTLY, THE COOPERATIVE HAS FAILED THIS 85/15 TEST AND, ACCORDINGLY, HAS FILED A FORM 1120. FOR THE PRIOR TWO YEARS AND THE CURRENT TAX YEAR, HOWEVER, IT PASSED THIS TEST AND WILL FILE A FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990 FOOTNOTE
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt010443085
IRS990/TotalAssetsEOYAmt010581276
IRS990/TotalAssetsGrp/BOYAmt010443085
IRS990/TotalAssetsGrp/EOYAmt010581276
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt07
IRS990/TotalFunctionalExpensesGrp/TotalAmt02244521
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt05031234
IRS990/TotalLiabilitiesEOYAmt04810478
IRS990/TotalLiabilitiesGrp/BOYAmt05031234
IRS990/TotalLiabilitiesGrp/EOYAmt04810478
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt05411851
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt05770798
IRS990/TotalOtherCompensationAmt035283
IRS990/TotalProgramServiceRevenueAmt02091680
IRS990/TotalReportableCompFromOrgAmt0187507
IRS990/TotalRevenueGrp/ExclusionAmt0246858
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02090823
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02337681
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt010443085
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt010581276
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 66
IRS990/USAddress/CityNm0NEW HOPE
IRS990/USAddress/StateAbbreviationCd0VA
IRS990/USAddress/ZIPCd024469
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.NEWHOPETEL.NET
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0TIMOTHY HARRIS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0GENERAL MANAGER
ReturnHeader/BusinessOfficerGrp/PhoneNum05403635277
ReturnHeader/BusinessOfficerGrp/SignatureDt02026-02-24
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NEW HOPE TELEPHONE COOPERATIVE
ReturnHeader/Filer/BusinessNameControlTxt0NEWH
ReturnHeader/Filer/EIN0300316192
ReturnHeader/Filer/PhoneNum05403635277
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 66
ReturnHeader/Filer/USAddress/CityNm0NEW HOPE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VA
ReturnHeader/Filer/USAddress/ZIPCd024469
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0540504608
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BROWN EDWARDS & COMPANY LLP

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