Civic Intelligence

Otec Communication Company

EIN 34-1392920 • 501(c)12 • Ottoville, OH

Profile

To conduct and carry on the business of providing communication services of all types, including but not limited to cable television, broadband communication, telephone, data transmission, video transmission, and microwave.

245 W Third Street P O Box 427Ottoville, OH 45876

n/A

Siviq Scores

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

Liabilities / Assets

37th percentile

0.10x

Higher debt load relative to assets than 37% of similar nonprofits.

501(c)12 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

40th percentile

0.36x

Higher debt load relative to revenue than 40% of similar nonprofits.

501(c)12 • $1M-$5M nonprofits • Source year 2022

Net Margin

64th percentile

15%

Higher net margin than 64% of similar nonprofits.

501(c)12 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

68th percentile

$0

Higher top officer pay than 68% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)12 • $1M-$5M nonprofits • Source year 2022

Asset Growth

35th percentile

-1.1%

Faster asset growth than 35% of similar nonprofits.

501(c)12 • $1M-$5M nonprofits • Annualized from 2020 to 2022

Revenue Growth

46th percentile

3.9%

Faster revenue growth than 46% of similar nonprofits.

501(c)12 • $1M-$5M nonprofits • Annualized from 2020 to 2022

Assets

Down

$4,117,394

Down $90,708 (-2.2%) from 2020

Liabilities

Up

$396,508

Up $2,105 (+0.5%) from 2020

Net Assets

Down

$3,720,886

Down $92,813 (-2.4%) from 2020

Revenue

Up

$1,102,328

Up $81,161 (+7.9%) from 2020

Expenses

Up

$940,663

Up $50,211 (+5.6%) from 2020

Net Income

Up

$161,665

Up $30,950 (+24%) from 2020

Trend Graphs

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2013: $4,899,171Liabilities 2013: $64,233Net Assets 2013: $4,834,9382013Assets 2014: $4,714,843Liabilities 2014: $50,821Net Assets 2014: $4,664,0222014Assets 2015: $4,455,588Liabilities 2015: $30,600Net Assets 2015: $4,424,9882015Assets 2016: $4,469,126Liabilities 2016: $175,887Net Assets 2016: $4,293,2392016Assets 2017: $4,421,034Liabilities 2017: $251,871Net Assets 2017: $4,169,1632017Assets 2018: $4,216,118Liabilities 2018: $296,483Net Assets 2018: $3,919,6352018Assets 2019: $4,254,838Liabilities 2019: $344,365Net Assets 2019: $3,910,4732019Assets 2020: $4,208,102Liabilities 2020: $394,403Net Assets 2020: $3,813,6992020Assets 2022: $4,117,394Liabilities 2022: $396,508Net Assets 2022: $3,720,8862022

Highlighted filing

2022

Assets$4,117,394
Liabilities$396,508
Net Assets$3,720,886

Operations Trend

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

$1.5M$1.0M$500K$0Revenue 2013: $725,746Expenses 2013: $691,905Net Income 2013: $33,8412013Revenue 2014: $765,724Expenses 2014: $708,329Net Income 2014: $57,3952014Revenue 2015: $866,256Expenses 2015: $801,598Net Income 2015: $64,6582015Revenue 2016: $917,114Expenses 2016: $736,921Net Income 2016: $180,1932016Revenue 2017: $971,480Expenses 2017: $837,866Net Income 2017: $133,6142017Revenue 2018: $1,089,159Expenses 2018: $866,076Net Income 2018: $223,0832018Revenue 2019: $1,070,320Expenses 2019: $918,386Net Income 2019: $151,9342019Revenue 2020: $1,021,167Expenses 2020: $890,452Net Income 2020: $130,7152020Revenue 2022: $1,102,328Expenses 2022: $940,663Net Income 2022: $161,6652022

Highlighted filing

2022

Revenue$1,102,328
Expenses$940,663
Net Income$161,665

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Oct 9, 2023
Return Version
2022v5.0
Gross Receipts
$1,102,328
Mission and Program Overview

Mission

To conduct and carry on the business of providing communication services of all types, including but not limited to cable television, broadband communication, telephone, data transmission, video transmission, and microwave.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$4,085,200$3,719,919▼ $365,281
Investments in Publicly Traded Securities$1,964,671$1,751,687▼ $212,984
Cash and Non-Interest-Bearing Accounts$1,567,202$1,560,417▼ $6,785
Investments Other Securities$310,512$322,209▲ $11,697
Land, Buildings, and Equipment, Net$119,630$94,649▼ $24,981
Prepaid Expenses and Deferred Charges$7,096$24,658▲ $17,562
Accounts Receivable$200,506$11,055▼ $189,451
Inventories for Sale or Use$4,104$1,601▼ $2,503
Cap Stk Tr Prin Current Funds$1,015$967▼ $48
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Total Assets$4,541,453$4,117,394▼ $424,059
Other Assets Total$367,732$351,118▼ $16,614
Liabilities
Accounts Payable and Accrued Expenses$366,714$396,114▲ $29,400
Other Liabilities$88,524$394▼ $88,130
Total Liabilities$455,238$396,508▼ $58,730
Net Assets / Fund Balance
Total Net Assets Fund Balance$4,086,215$3,720,886▼ $365,329
Total Liabilities and Net Assets / Fund Balance$4,541,453$4,117,394▼ $424,059

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$93,479$2,398,478$2,491,957
Buildings-$22,639$22,639
Other Land Buildings-$11,868$11,868
Land$1,170-$1,170
Other Assets Org$2,167--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Mike HilversPresident
Jim EickholtVice President
Larry BeiningBoard Member
Tony SchroederBoard Member
William J HonigfordManager
Todd HoerstenSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$970,619
Investment Income
$119,563
Other Revenue
$12,146
Change in Net Assets
$161,665
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$940,663
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
Depreciation Depletion$30,513--$30,513
All Other Expenses$25,688--$25,688
Other Expenses$25,584--$25,584
Advertising$8,093--$8,093
Insurance$6,498--$6,498
Total Functional Expenses$940,663$0$0$940,663
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Advanced Deposits By Subscribers$394
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
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 receiving service from the organization may become a member of the organization.

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

Draft copy of Form 990 is reviewed with management.

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

Board members have each provided a signed indication that they have no current conflicts. This will be reviewed annually.

Form 990, Part VI, Section C, Line 19

The organization's governing documents and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
OTEC Communication Company
EIN
34-1392920
Phone
4194533324
Address
245 W Third Street P O Box 427, Ottoville, OH 45876

Signing Officer

Name
William Honigford
Title
Manager
Signed
2023-10-09
Discuss with paid preparer
Yes

Organization Details

Formed
1982
Legal Domicile
Oh
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

Firm
ES Evans and Company
Address
205 West Elm Street, Lima, OH 45801
Preparer
Andrew J Brown CPA
Phone
4192233075
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Book to Tax Difference on K-1s = -$449

Form 990, Part XI, Line 9

Memberships = -$48

Form 990, Part XI, Line 9

Refund of Patronage Capital = -$278184

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IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/DepreciationAmt022639
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt022639
IRS990ScheduleD/EquipmentGrp/BookValueAmt093479
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02398478
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02491957
IRS990ScheduleD/LandGrp/BookValueAmt01170
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01170
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt03244
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11861
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2343846
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt32167
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Deferred Tax Asset
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Deposits
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2NRTC Patronage Receivable
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3Organizational Costs
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt011868
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt011868
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0394
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Advanced Deposits By Subscribers
IRS990ScheduleD/TotalBookValueLandBuildingsAmt094649
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0351118
IRS990ScheduleD/TotalBookValueSecuritiesAmt0322209
IRS990ScheduleD/TotalLiabilityAmt0394
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Each customer receiving service from the organization may become a member of the organization.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Draft copy of Form 990 is reviewed with management.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Board members have each provided a signed indication that they have no current conflicts. This will be reviewed annually.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The organization's governing documents and financial statements are available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Book to Tax Difference on K-1s = -$449
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Memberships = -$48
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Refund of Patronage Capital = -$278184
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 XI, Line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part XI, Line 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt04541453
IRS990/TotalAssetsEOYAmt04117394
IRS990/TotalAssetsGrp/BOYAmt04541453
IRS990/TotalAssetsGrp/EOYAmt04117394
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0940663
IRS990/TotalFunctionalExpensesGrp/TotalAmt0940663
IRS990/TotalGrossUBIAmt029286
IRS990/TotalLiabilitiesBOYAmt0455238
IRS990/TotalLiabilitiesEOYAmt0396508
IRS990/TotalLiabilitiesGrp/BOYAmt0455238
IRS990/TotalLiabilitiesGrp/EOYAmt0396508
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04086215
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03720886
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt036087
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt036087
IRS990/TotalProgramServiceRevenueAmt0970619
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01073042
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01102328
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt029286
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04541453
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04117394
IRS990/TravelGrp/TotalAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0245 W Third Street P O Box 427
IRS990/USAddress/CityNm0Ottoville
IRS990/USAddress/StateAbbreviationCd0OH
IRS990/USAddress/ZIPCd0458760427
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0William Honigford
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Manager
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-10-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0OTEC Communication Company
ReturnHeader/Filer/BusinessNameControlTxt0OTEC
ReturnHeader/Filer/EIN0341392920
ReturnHeader/Filer/PhoneNum04194533324
ReturnHeader/Filer/USAddress/AddressLine1Txt0245 W Third Street P O Box 427
ReturnHeader/Filer/USAddress/CityNm0Ottoville
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OH
ReturnHeader/Filer/USAddress/ZIPCd045876
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0341717857
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ES Evans and Company
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0205 West Elm Street
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Lima
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd045801
ReturnHeader/PreparerPersonGrp/PhoneNum04192233075
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Andrew J Brown CPA
ReturnHeader/ReturnTs02023-10-09T12:25:52-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0William
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Honigford
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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