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Nonprofiteer
← FOOTHILLS RURAL TELEPHONE COOPERATIVE CORP INC

Form 990 for tax year 2023

Filed by FOOTHILLS RURAL TELEPHONE COOPERATIVE CORP INC.

Totals

Total revenue
$33,074,164
Total expenses
$33,244,670
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$31,646,272
Investment income
$0
Other revenue
$1,427,892
Total assets, end of year
$128,197,471
Total liabilities, end of year
$11,189,863
Net assets or fund balances, end of year
$117,007,608
Program services expenses (Part IX)
$33,244,670
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$33,244,670

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 $17,482,998 · related or exempt $17,482,998

  • 2b · Program service revenue: ACCESS REVENUES

    total $14,162,951 · related or exempt $14,162,951

  • 2c · Program service revenue: PATRONAGE CAPITAL CREDITS

    total $323 · related or exempt $323

  • 11a · Other revenue: JOINT USE POLE ATTACHMENT

    total $785,431 · excluded $785,431

  • 11b · Other revenue: CELLULAR SERVICES

    total $639,855 · excluded $639,855

  • 11c · Other revenue: BOLDFACE ADVERTISING

    total $2,606 · unrelated business $2,606

  • 11e · Other revenue, total

    $1,427,892

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $4,201,067 · program services $4,201,067

  • 5 · Compensation of officers, directors and key employees

    total $352,716 · program services $352,716

  • 7 · Other salaries and wages

    total $5,091,516 · program services $5,091,516

  • 8 · Pension plan contributions

    total $861,080 · program services $861,080

  • 9 · Other employee benefits

    total $2,524,342 · program services $2,524,342

  • 10 · Payroll taxes

    total $409,150 · program services $409,150

  • 11b · Fees: legal

    total $64,834 · program services $64,834

  • 11c · Fees: accounting

    total $24,000 · program services $24,000

  • 20 · Interest

    total $4,251 · program services $4,251

  • 22 · Depreciation, depletion and amortization

    total $5,676,224 · program services $5,676,224

  • 23 · Insurance

    total $190,540 · program services $190,540

  • 24a · Other expenses: UBIT

    total $2,010 · program services $2,010

  • 24b · Other expenses: INTERNET ACTIVITIES

    total $5,643,926 · program services $5,643,926

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

    total $4,869,931 · program services $4,869,931

  • 24d · Other expenses: PLANT SPECIFIC

    total $4,487,242 · program services $4,487,242

  • 24e · All other expenses

    total -$1,158,159 · program services -$1,158,159

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $23,915,629 · end of year $21,802,089

  • 2 · Savings and temporary cash investments

    beginning of year $2,533,250 · end of year $2,695,865

  • 4 · Accounts receivable

    beginning of year $3,709,649 · end of year $8,958,096

  • 8 · Inventories for sale or use

    beginning of year $2,191,141 · end of year $2,914,346

  • 9 · Prepaid expenses and deferred charges

    beginning of year $331,166 · end of year $470,630

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

    $130,348,833

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

    $93,584,453

  • 10c · Land, buildings and equipment, net

    beginning of year $39,169,188 · end of year $36,764,380

  • 15 · Other assets

    beginning of year $54,144,346 · end of year $54,592,065

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,797,527 · end of year $1,255,038

  • 25 · Other liabilities

    beginning of year $10,893,276 · end of year $9,934,825

  • 29 · Capital stock, trust principal or current funds

    beginning of year $621,752 · end of year $622,406

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

    beginning of year -$5,666,331 · end of year -$3,956,625

  • 31 · Retained earnings, endowment or other funds

    beginning of year $118,348,145 · end of year $120,341,827

Mission and programs · 2023

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 $33,244,670 · Revenue $31,475,766

As filed on the 2023 return.

Listed in Part VII

  • Charles Arrington

    DIRECTOR

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

  • C Roger Jordan

    PRESIDENT

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

  • Lawrence Carpenter

    SECRETARY

    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

  • Jeffrey A Reed

    VICE PRESIDENT

    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
    $421,323
    From this org
    $208,195
    From related orgs
    $110,770
    Other
    $102,358
    Hours/week
    48

    Schedule J breakdown matched by us

    Base
    $208,195 + $110,770 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $102,358
    Filer's total
    $310,553 + $110,770 related

  • Jerry Brown

    SERVICE MANAGER

    Total calculated
    $161,242
    From this org
    $99,123
    From related orgs
    $7,625
    Other
    $54,494
    Hours/week
    48

    Schedule J breakdown matched by us

    Base
    $99,123 + $7,625 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $54,494
    Filer's total
    $153,617 + $7,625 related

  • Jim Bailey

    NETWORK OPERATIONS MANAGER

    Total calculated
    $181,311
    From this org
    $120,567
    From related orgs
    $338
    Other
    $60,406
    Hours/week
    48

    Schedule J breakdown matched by us

    Base
    $120,567 + $338 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $60,406
    Filer's total
    $180,973 + $338 related

  • Patrick Fletcher

    OUTSIDE PLANT MANAGER

    Total calculated
    $192,204
    From this org
    $83,910
    From related orgs
    $38,957
    Other
    $69,337
    Hours/week
    48

    Schedule J breakdown matched by us

    Base
    $83,910 + $38,957 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $69,337
    Filer's total
    $153,247 + $38,957 related

  • Shawn Thompson

    ELECTRICAL ENGINEER

    Total calculated
    $180,150
    From this org
    $20,867
    From related orgs
    $92,087
    Other
    $67,196
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $20,867 + $92,087 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $67,196
    Filer's total
    $88,063 + $92,087 related

  • Robert Ward

    VIDEO SERVICES MGR

    Total calculated
    $176,281
    From this org
    $13,832
    From related orgs
    $95,549
    Other
    $66,900
    Hours/week
    42.6

    Schedule J breakdown matched by us

    Base
    $13,832 + $95,549 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $66,900
    Filer's total
    $80,732 + $95,549 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 $639,855 · share of assets $61,413,174

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2024
IRS schema version
2023v5.0
Source object
202411369349311446

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