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Nonprofiteer
← BLEDSOE TELEPHONE COOPERATIVE

Form 990 for tax year 2024

Filed by BLEDSOE TELEPHONE COOPERATIVE.

Totals

Total revenue
$28,847,122
Total expenses
$28,847,122
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$26,603,852
Investment income
$411,778
Other revenue
$1,831,492
Total assets, end of year
$68,959,074
Total liabilities, end of year
$7,385,864
Net assets or fund balances, end of year
$61,573,210
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: Cable/Internet/Video

    total $13,679,380 · related or exempt $13,679,380

  • 2b · Program service revenue: Telephone Service

    total $12,924,472 · related or exempt $12,689,058 · unrelated business $235,414

  • 3 · Investment income

    total $418,874 · excluded $418,874

  • 7b · Less cost or other basis and sales expenses

    other assets $7,096

  • 7c · Gain or loss

    other assets -$7,096

  • 7d · Net gain or loss

    total -$7,096 · excluded -$7,096

  • 10a · Gross sales of inventory

    $15,995

  • 10b · Cost of goods sold

    $13,013

  • 10c · Net income from sales of inventory

    total $2,982 · related or exempt $2,982

  • 11a · Other revenue: Partnership Income

    total $1,828,510 · related or exempt $1,828,510

  • 11e · Other revenue, total

    $1,828,510

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $6,273,763

  • 5 · Compensation of officers, directors and key employees

    total $1,022,558

  • 20 · Interest

    total $1,242

  • 22 · Depreciation, depletion and amortization

    total $4,303,070

  • 24a · Other expenses: Plant Operations

    total $5,517,996

  • 24b · Other expenses: Internet Service Operat

    total $5,498,678

  • 24c · Other expenses: Video Service Operation

    total $2,422,896

  • 24d · Other expenses: Corporate Operations

    total $2,358,315

  • 24e · All other expenses

    total $1,448,604

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,329,217 · end of year $7,288,372

  • 4 · Accounts receivable

    beginning of year $4,066,030 · end of year $3,866,826

  • 8 · Inventories for sale or use

    beginning of year $3,609,661 · end of year $3,996,895

  • 9 · Prepaid expenses and deferred charges

    beginning of year $526,481 · end of year $229,950

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

    $104,813,842

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

    $74,180,153

  • 10c · Land, buildings and equipment, net

    beginning of year $28,539,291 · end of year $30,633,689

  • 11 · Investments: publicly traded securities

    beginning of year $6,987,705 · end of year $7,060,441

  • 13 · Investments: program-related

    beginning of year $8,229,653 · end of year $8,750,551

  • 15 · Other assets

    beginning of year $6,890,210 · end of year $7,132,350

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,360,294 · end of year $3,491,178

  • 23 · Secured mortgages and notes payable

    beginning of year $4,316,602 · end of year $3,894,686

  • 25 · Other liabilities

    beginning of year $1,386,903 · end of year $0

  • 29 · Capital stock, trust principal or current funds

    beginning of year $139,752 · end of year $142,781

  • 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 $53,974,697 · end of year $61,430,429

Mission and programs · 2024

Mission

It is the aim of the Bledsoe Telephone Cooperative to provide dependable, state of the art telecommunication service on the cooperative plan and at the lowest cost consistent with sound economy and good management.In order to achieve this aim, Bledsoe Telephone Cooperative is committed to developing a courteous and dedicated staff of employees by providing quality training, opportunity for advancement, adequate compensation and a safe working environment.

Activities or mission (Part I)

To provide dependable, state of the art telecommunication service on the cooperative plan.

  • Bledsoe Telephone Cooperative provided a variety of dependable telecommunication services to its cooperative members who were primarily located in Bledsoe, Sequatchie and Van Buren Counties.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • John Lee Downey

    Director/President

    Total calculated
    $40,876
    From this org
    $40,876
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Rufus Johnson

    Director

    Total calculated
    $2,793
    From this org
    $2,793
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • James Condra

    Director/Vice President

    Total calculated
    $41,176
    From this org
    $41,176
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • James Reece

    Director

    Total calculated
    $38,859
    From this org
    $38,859
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Sandy Burnett

    Director/Secretary

    Total calculated
    $47,588
    From this org
    $47,588
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Richard Smith

    Director

    Total calculated
    $49,888
    From this org
    $49,888
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Lamar Johnson

    Director

    Total calculated
    $32,006
    From this org
    $32,006
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Marvin Price

    Director

    Total calculated
    $40,008
    From this org
    $40,008
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Charles Boring

    General Manager

    Total calculated
    $480,196
    From this org
    $367,951
    From related orgs
    $0
    Other
    $112,245
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $365,260
    Bonus
    $0
    Other
    $2,691
    Deferred
    $73,089
    Nontaxable benefits
    $39,156
    Filer's total
    $480,196

  • Carrie Humble

    CFO

    Total calculated
    $249,168
    From this org
    $176,010
    From related orgs
    $0
    Other
    $73,158
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $175,530
    Bonus
    $0
    Other
    $480
    Deferred
    $36,844
    Nontaxable benefits
    $36,314
    Filer's total
    $249,168

  • David Camp

    Chief Information Security Officer

    Total calculated
    $221,810
    From this org
    $159,440
    From related orgs
    $0
    Other
    $62,370
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $158,165
    Bonus
    $0
    Other
    $1,275
    Deferred
    $34,838
    Nontaxable benefits
    $27,532
    Filer's total
    $221,810

  • WB Bridges

    Outside Plant Manager

    Total calculated
    $178,479
    From this org
    $120,798
    From related orgs
    $0
    Other
    $57,681
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $120,381
    Bonus
    $0
    Other
    $417
    Deferred
    $24,274
    Nontaxable benefits
    $33,407
    Filer's total
    $178,479

  • Maranda Keith

    Billing/Revenue Assurance Mgr

    Total calculated
    $222,097
    From this org
    $155,015
    From related orgs
    $0
    Other
    $67,082
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $154,652
    Bonus
    $0
    Other
    $363
    Deferred
    $33,187
    Nontaxable benefits
    $33,895
    Filer's total
    $222,097

  • Matthew Boynton

    Chief of Operations

    Total calculated
    $234,780
    From this org
    $167,589
    From related orgs
    $0
    Other
    $67,191
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $167,317
    Bonus
    $0
    Other
    $272
    Deferred
    $33,193
    Nontaxable benefits
    $33,998
    Filer's total
    $234,780

  • Shaun Mapel

    Network Architect

    Total calculated
    $172,473
    From this org
    $122,388
    From related orgs
    $0
    Other
    $50,085
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $121,944
    Bonus
    $0
    Other
    $444
    Deferred
    $29,025
    Nontaxable benefits
    $21,060
    Filer's total
    $172,473

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

  • 2 · Substantiation required before reimbursing expenses
  • 3 · Independent compensation consultant
  • 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.

  • Tennessee Telecommunications Company

    C · Telecommunications · TN · 100% owned · share of income $1,010,737 · share of assets $4,771,036 · controlled entity

    Directly controlled by Bledsoe Telephone Cooperative Inc

Provenance

Return type
form_990
Tax year
2024
Filed
30 October 2025
IRS schema version
2024v5.2
Source object
202503079349301970

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