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Nonprofiteer
← HIGHLAND TELEPHONE COOPERATIVE

Form 990 for tax year 2022

Filed by HIGHLAND TELEPHONE COOPERATIVE.

Totals

Total revenue
$3,213,501
Total expenses
$3,187,146
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$3,200,175
Investment income
$2,150
Other revenue
$11,176
Total assets, end of year
$9,310,302
Total liabilities, end of year
$404,706
Net assets or fund balances, end of year
$8,905,596
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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: Telephone Service Reve

    total $2,401,117 · related or exempt $2,401,117

  • 2b · Program service revenue: Nonregulated Revenue

    total $774,853 · related or exempt $774,853

  • 2c · Program service revenue: Patronage Allocations

    total $24,205 · related or exempt $24,205

  • 3 · Investment income

    total $2,150 · excluded $2,150

  • 6a · Gross rents

    real property $246

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $246

  • 6d · Net rental income or loss

    total $246 · excluded $246

  • 11a · Other revenue: Directory Revenue

    total $10,930 · unrelated business $10,930

  • 11e · Other revenue, total

    $10,930

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $952,760

  • 5 · Compensation of officers, directors and key employees

    total $194,122

  • 20 · Interest

    total $1

  • 22 · Depreciation, depletion and amortization

    total $766,136

  • 24a · Other expenses: Plant Specific Operatio

    total $519,659

  • 24b · Other expenses: Nonregulated Operations

    total $266,865

  • 24c · Other expenses: Corporate Operations

    total $200,312

  • 24d · Other expenses: Plant Nonspecific Opera

    total $132,022

  • 24e · All other expenses

    total $155,269

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $535,513 · end of year $558,719

  • 2 · Savings and temporary cash investments

    beginning of year $789,656 · end of year $1,080,912

  • 4 · Accounts receivable

    beginning of year $264,539 · end of year $262,959

  • 8 · Inventories for sale or use

    beginning of year $70,885 · end of year $131,807

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,346 · end of year $7,572

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

    $13,795,598

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

    $6,603,674

  • 10c · Land, buildings and equipment, net

    beginning of year $6,907,827 · end of year $7,191,924

  • 12 · Investments: other securities

    beginning of year $9,130 · end of year $9,130

  • 13 · Investments: program-related

    beginning of year $65,938 · end of year $67,279

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,476 · end of year $17,882

  • 19 · Deferred revenue

    beginning of year $111,906 · end of year $78,959

  • 25 · Other liabilities

    beginning of year $325,975 · end of year $307,865

  • 29 · Capital stock, trust principal or current funds

    beginning of year $11,070 · end of year $11,320

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

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $8,193,407 · end of year $8,894,276

Mission and programs · 2022

Mission

HTC is a progressive communications company committed to providing its members maximum value through state-of-the-art voice and data services in a global environment by utilizing our highly skilled staff. Excellent customer service is our goal in all subscriber interactions.

Activities or mission (Part I)

To provide telecommunication services to its members located in the cooperative's service area.

  • Highland Telephone Cooperative provided a variety of Telecommunication services to approximately 1,132 members located in Highland County, Virginia.

As filed on the 2022 return.

Listed in Part VII

  • Richard Simmons

    Director/Former President

    Total calculated
    $650
    From this org
    $650
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Sarah Shifflett

    Director

    Total calculated
    $1,100
    From this org
    $1,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Carol Swecker

    Director

    Total calculated
    $1,050
    From this org
    $1,050
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Garland Dever

    Director/President

    Total calculated
    $1,400
    From this org
    $1,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Debbi Stephenson

    Director

    Total calculated
    $1,100
    From this org
    $1,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Nandy Witschey

    Director

    Total calculated
    $650
    From this org
    $650
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Troy Snead

    Director

    Total calculated
    $1,050
    From this org
    $1,050
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Chad Kimble

    G.M.

    Total calculated
    $126,450
    From this org
    $99,413
    From related orgs
    $0
    Other
    $27,037
    Hours/week
    40

  • Denise Waybright

    Secretary/Treasurer

    Total calculated
    $60,672
    From this org
    $45,550
    From related orgs
    $0
    Other
    $15,122
    Hours/week
    40

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
7 November 2023
IRS schema version
2022v5.0
Source object
202303179349305110

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