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Nonprofiteer
← FOOTHILLS RURAL TELEPHONE COOPERATIVE CORP INC

Form 990 for tax year 2024

Filed by FOOTHILLS RURAL TELEPHONE COOPERATIVE CORP INC.

Totals

Total revenue
$33,692,878
Total expenses
$33,692,878
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$31,160,572
Investment income
$163,229
Other revenue
$2,369,077
Total assets, end of year
$131,492,056
Total liabilities, end of year
$12,400,349
Net assets or fund balances, end of year
$119,091,707
Program services expenses (Part IX)
$33,692,878
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$33,692,878

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: LOCAL TOLL AND INTERNET

    total $18,003,961 · related or exempt $18,003,961

  • 2b · Program service revenue: ACCESS REVENUES

    total $13,144,569 · related or exempt $13,144,569

  • 2c · Program service revenue: PATRONAGE CAPITAL CREDITS

    total $12,042 · related or exempt $12,042

  • 3 · Investment income

    total $163,229 · excluded $163,229

  • 11a · Other revenue: CELLULAR SERVICES

    total $1,700,186 · excluded $1,700,186

  • 11b · Other revenue: JOINT USE POLE ATTACHMENT

    total $668,516 · excluded $668,516

  • 11c · Other revenue: BOLDFACE ADVERTISING

    total $375 · unrelated business $375

  • 11e · Other revenue, total

    $2,369,077

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $4,398,527 · program services $4,398,527

  • 5 · Compensation of officers, directors and key employees

    total $408,221 · program services $408,221

  • 7 · Other salaries and wages

    total $5,380,442 · program services $5,380,442

  • 8 · Pension plan contributions

    total $900,393 · program services $900,393

  • 9 · Other employee benefits

    total $2,092,938 · program services $2,092,938

  • 10 · Payroll taxes

    total $422,009 · program services $422,009

  • 11b · Fees: legal

    total $100,791 · program services $100,791

  • 11c · Fees: accounting

    total $27,800 · program services $27,800

  • 20 · Interest

    total $5,038 · program services $5,038

  • 22 · Depreciation, depletion and amortization

    total $5,682,801 · program services $5,682,801

  • 23 · Insurance

    total $215,113 · program services $215,113

  • 24a · Other expenses: INTERNET ACTIVITIES

    total $5,841,237 · program services $5,841,237

  • 24b · Other expenses: PLANT SPECIFIC

    total $4,918,320 · program services $4,918,320

  • 24c · Other expenses: FIBER TO THE HOME EXPEN

    total $4,861,656 · program services $4,861,656

  • 24d · Other expenses: CUSTOMER OPERATIONS

    total $2,520,045 · program services $2,520,045

  • 24e · All other expenses

    total -$4,082,453 · program services -$4,082,453

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $21,802,089 · end of year $25,501,427

  • 2 · Savings and temporary cash investments

    beginning of year $2,695,865 · end of year $2,707,194

  • 4 · Accounts receivable

    beginning of year $8,958,096 · end of year $9,616,608

  • 8 · Inventories for sale or use

    beginning of year $2,914,346 · end of year $3,745,720

  • 9 · Prepaid expenses and deferred charges

    beginning of year $470,630 · end of year $471,036

  • 10a · Land, buildings and equipment: cost or other basis

    $132,137,771

  • 10b · Land, buildings and equipment: accumulated depreciation

    $98,593,624

  • 10c · Land, buildings and equipment, net

    beginning of year $36,764,380 · end of year $33,544,147

  • 15 · Other assets

    beginning of year $54,592,065 · end of year $55,905,924

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,255,038 · end of year $1,691,823

  • 25 · Other liabilities

    beginning of year $9,934,825 · end of year $10,708,526

  • 29 · Capital stock, trust principal or current funds

    beginning of year $622,406 · end of year $609,495

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year -$3,956,625 · end of year -$4,279,379

  • 31 · Retained earnings, endowment or other funds

    beginning of year $120,341,827 · end of year $122,761,591

Mission and programs · 2024

Mission

PROVIDE TELEPHONE SERVICE TO MEMBER OWNERS ON A PATRONAGE BASIS.

  • PROVIDE TELEPHONE SERVICE TO MEMBER OWNERS ON A PATRONAGE BASIS. SERVE AN AVERAGE OF APPROXIMATELY 12,500 MEMBERS PER MONTH.

    Expenses $33,692,878 · Revenue $31,160,572

As filed on the 2024 return.

Listed in Part VII

  • C Roger Jordan

    PRESIDENT

    Total calculated
    $7,500
    From this org
    $7,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Charles Arrington

    DIRECTOR

    Total calculated
    $7,500
    From this org
    $7,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Jeffrey A Reed

    VICE PRESIDENT

    Total calculated
    $7,500
    From this org
    $7,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Lawrence Carpenter

    SECRETARY

    Total calculated
    $7,500
    From this org
    $7,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Paul Williams

    DIRECTOR

    Total calculated
    $7,500
    From this org
    $7,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Ruth Conley

    GENERAL MANAGER/CEO

    Total calculated
    $458,458
    From this org
    $205,765
    From related orgs
    $164,955
    Other
    $87,738
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $205,765 + $164,955 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $87,738
    Filer's total
    $293,503 + $164,955 related

  • Anthony Sagraves

    TECH 3

    Total calculated
    $163,891
    From this org
    $113,380
    From related orgs
    $2,316
    Other
    $48,195
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $113,380 + $2,316 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $48,195
    Filer's total
    $161,575 + $2,316 related

  • Brandon Wheeler

    CONTROLLER

    Total calculated
    $165,471
    From this org
    $76,533
    From related orgs
    $40,179
    Other
    $48,759
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $76,533 + $40,179 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $48,759
    Filer's total
    $125,292 + $40,179 related

  • Jim Bailey

    NETWORK OPERATIONS MANAGER

    Total calculated
    $192,071
    From this org
    $104,410
    From related orgs
    $36,274
    Other
    $51,387
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $104,410 + $36,274 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $51,387
    Filer's total
    $155,797 + $36,274 related

  • Patrick Fletcher

    OUTSIDE PLANT MANAGER

    Total calculated
    $199,461
    From this org
    $93,525
    From related orgs
    $45,324
    Other
    $60,612
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $93,525 + $45,324 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $60,612
    Filer's total
    $154,137 + $45,324 related

  • Robert Ward

    VIDEO SERVICES MGR

    Total calculated
    $180,260
    From this org
    $25,555
    From related orgs
    $96,177
    Other
    $58,528
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $25,555 + $96,177 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $58,528
    Filer's total
    $84,083 + $96,177 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CELLULAR SERVICES INC

    C · COMMUNICATIONS · KY · 100% owned · share of income $1,700,186 · share of assets $64,263,082

Provenance

Return type
form_990
Tax year
2024
Filed
9 October 2025
IRS schema version
2024v5.2
Source object
202522829349300837

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