Skip to content
Nonprofiteer
← FOOTHILLS RURAL TELEPHONE COOPERATIVE CORP INC

Form 990 for tax year 2022

Filed by FOOTHILLS RURAL TELEPHONE COOPERATIVE CORP INC.

Totals

Total revenue
$32,969,496
Total expenses
$32,969,496
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$30,567,000
Investment income
$0
Other revenue
$2,402,496
Total assets, end of year
$125,994,369
Total liabilities, end of year
$12,690,803
Net assets or fund balances, end of year
$113,303,566
Program services expenses (Part IX)
$32,969,496
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$32,969,496

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 $17,123,931 · related or exempt $17,123,931

  • 2b · Program service revenue: ACCESS REVENUES

    total $13,427,273 · related or exempt $13,427,273

  • 2c · Program service revenue: PATRONAGE CAPITAL CREDITS

    total $15,796 · related or exempt $15,796

  • 11a · Other revenue: CELLULAR SERVICES

    total $1,398,510 · excluded $1,398,510

  • 11b · Other revenue: JOINT US POLE ATTACHMENT

    total $990,428 · excluded $990,428

  • 11c · Other revenue: BOLDFACE ADVERTISING

    total $13,558 · unrelated business $13,558

  • 11e · Other revenue, total

    $2,402,496

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $3,881,044 · program services $3,881,044

  • 5 · Compensation of officers, directors and key employees

    total $369,278 · program services $369,278

  • 7 · Other salaries and wages

    total $5,008,611 · program services $5,008,611

  • 8 · Pension plan contributions

    total $819,857 · program services $819,857

  • 9 · Other employee benefits

    total $1,654,455 · program services $1,654,455

  • 10 · Payroll taxes

    total $419,209 · program services $419,209

  • 11b · Fees: legal

    total $71,771 · program services $71,771

  • 11c · Fees: accounting

    total $27,700 · program services $27,700

  • 20 · Interest

    total $126,953 · program services $126,953

  • 22 · Depreciation, depletion and amortization

    total $5,547,707 · program services $5,547,707

  • 23 · Insurance

    total $127,645 · program services $127,645

  • 24a · Other expenses: UBIT

    total $1,070 · program services $1,070

  • 24b · Other expenses: INTERNET ACTIVITIES

    total $5,454,032 · program services $5,454,032

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

    total $5,150,840 · program services $5,150,840

  • 24d · Other expenses: PLANT SPECIFIC

    total $4,847,332 · program services $4,847,332

  • 24e · All other expenses

    total -$538,008 · program services -$538,008

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $19,650,552 · end of year $23,915,629

  • 2 · Savings and temporary cash investments

    beginning of year $2,635,980 · end of year $2,533,250

  • 4 · Accounts receivable

    beginning of year $2,381,395 · end of year $3,709,649

  • 8 · Inventories for sale or use

    beginning of year $1,841,741 · end of year $2,191,141

  • 9 · Prepaid expenses and deferred charges

    beginning of year $677,262 · end of year $331,166

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

    $128,274,044

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

    $89,104,856

  • 10c · Land, buildings and equipment, net

    beginning of year $42,475,686 · end of year $39,169,188

  • 15 · Other assets

    beginning of year $53,324,512 · end of year $54,144,346

  • 17 · Accounts payable and accrued expenses

    beginning of year $951,057 · end of year $1,797,527

  • 23 · Secured mortgages and notes payable

    beginning of year $172,934

  • 25 · Other liabilities

    beginning of year $9,561,027 · end of year $10,893,276

  • 29 · Capital stock, trust principal or current funds

    beginning of year $621,310 · end of year $621,752

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

    beginning of year -$4,746,491 · end of year -$5,666,331

  • 31 · Retained earnings, endowment or other funds

    beginning of year $116,427,291 · end of year $118,348,145

Mission and programs · 2022

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 $32,969,496 · Revenue $30,567,000

As filed on the 2022 return.

Listed in Part VII

  • C Roger Jordan

    PRESIDENT

    Total calculated
    $6,750
    From this org
    $6,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Jeffrey Reed

    VICE PRESIDENT

    Total calculated
    $6,750
    From this org
    $6,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Lawrence Carpenter

    SEC-TREAS

    Total calculated
    $6,750
    From this org
    $6,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Paul Williams

    DIRECTOR

    Total calculated
    $6,750
    From this org
    $6,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Charles Arrington

    DIRECTOR

    Total calculated
    $6,750
    From this org
    $6,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Ruth Conley

    GENERAL MANAGER/CEO

    Total calculated
    $395,592
    From this org
    $335,528
    From related orgs
    $0
    Other
    $60,064
    Hours/week
    48

    Schedule J breakdown matched by us

    Base
    $335,528
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $60,064
    Filer's total
    $395,592

  • Jerry Brown

    SPLICING TECH

    Total calculated
    $145,819
    From this org
    $103,598
    From related orgs
    $0
    Other
    $42,221
    Hours/week
    48

  • Jim Bailey

    PLANT SUPERVISOR

    Total calculated
    $158,076
    From this org
    $117,494
    From related orgs
    $0
    Other
    $40,582
    Hours/week
    48

    Schedule J breakdown matched by us

    Base
    $117,494
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $40,582
    Filer's total
    $158,076

  • Patrick Fletcher

    PLANT SUPERVISOR

    Total calculated
    $174,159
    From this org
    $119,453
    From related orgs
    $0
    Other
    $54,706
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $119,453
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $54,706
    Filer's total
    $174,159

  • Shawn Thompson

    MANAGER OF TECH SERVICES

    Total calculated
    $163,136
    From this org
    $109,643
    From related orgs
    $0
    Other
    $53,493
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $109,643
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $53,493
    Filer's total
    $163,136

  • Robert Ward

    VIDEO SERVICES MGR

    Total calculated
    $159,399
    From this org
    $106,468
    From related orgs
    $0
    Other
    $52,931
    Hours/week
    42.6

    Schedule J breakdown matched by us

    Base
    $106,468
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $52,931
    Filer's total
    $159,399

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 $1,398,510 · share of assets $55,338,754

Provenance

Return type
form_990
Tax year
2022
Filed
11 May 2023
IRS schema version
2022v5.0
Source object
202341359349313094

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.