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Nonprofiteer
← BLEDSOE TELEPHONE COOPERATIVE

Form 990 for tax year 2022

Filed by BLEDSOE TELEPHONE COOPERATIVE.

Totals

Total revenue
$25,119,432
Total expenses
$25,119,432
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$24,119,078
Investment income
$97,121
Other revenue
$903,233
Total assets, end of year
$55,412,445
Total liabilities, end of year
$10,054,144
Net assets or fund balances, end of year
$45,358,301
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 $12,261,835 · related or exempt $12,261,835

  • 2b · Program service revenue: Telephone Service

    total $11,857,243 · related or exempt $11,662,714 · unrelated business $194,529

  • 3 · Investment income

    total $63,286 · excluded $63,286

  • 7a · Gross sales of assets other than inventory

    other assets $33,835

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

    other assets $0

  • 7c · Gain or loss

    other assets $33,835

  • 7d · Net gain or loss

    total $33,835 · excluded $33,835

  • 10a · Gross sales of inventory

    $58,992

  • 10b · Cost of goods sold

    $12,404

  • 10c · Net income from sales of inventory

    total $46,588 · related or exempt $46,588

  • 11a · Other revenue: Partnership Income

    total $856,645 · related or exempt $856,645

  • 11e · Other revenue, total

    $856,645

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $3,075,631

  • 5 · Compensation of officers, directors and key employees

    total $875,251

  • 20 · Interest

    total $28,289

  • 22 · Depreciation, depletion and amortization

    total $4,047,403

  • 24a · Other expenses: Plant Operations

    total $6,090,873

  • 24b · Other expenses: Internet Service Operat

    total $4,690,764

  • 24c · Other expenses: Video Service Operation

    total $2,471,334

  • 24d · Other expenses: Corporate Operations

    total $2,366,555

  • 24e · All other expenses

    total $1,473,332

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,518,359 · end of year $4,846,449

  • 4 · Accounts receivable

    beginning of year $837,712 · end of year $1,563,573

  • 8 · Inventories for sale or use

    beginning of year $2,508,081 · end of year $3,218,260

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,223,615 · end of year $762,732

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

    $96,989,983

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

    $68,200,205

  • 10c · Land, buildings and equipment, net

    beginning of year $23,487,099 · end of year $28,789,778

  • 11 · Investments: publicly traded securities

    beginning of year $7,012,415 · end of year $6,932,027

  • 13 · Investments: program-related

    beginning of year $7,830,189 · end of year $7,778,579

  • 15 · Other assets

    beginning of year $3,244,062 · end of year $1,521,047

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,831,190 · end of year $2,412,391

  • 23 · Secured mortgages and notes payable

    beginning of year $4,366,522 · end of year $4,730,198

  • 25 · Other liabilities

    beginning of year $1,603,084 · end of year $2,911,555

  • 29 · Capital stock, trust principal or current funds

    beginning of year $130,717 · end of year $135,189

  • 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 $43,730,019 · end of year $45,223,112

Mission and programs · 2022

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 2022 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
    $37,415
    From this org
    $37,415
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Rufus Johnson

    Director

    Total calculated
    $22,520
    From this org
    $22,520
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • James Condra

    Director/Vice President

    Total calculated
    $37,415
    From this org
    $37,415
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Danny Wallace

    Director

    Total calculated
    $8,649
    From this org
    $8,649
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Sandy Burnett

    Director/Secretary

    Total calculated
    $41,859
    From this org
    $41,859
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Richard Smith

    Director

    Total calculated
    $44,828
    From this org
    $44,828
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Dion Ault

    Director

    Total calculated
    $38,037
    From this org
    $38,037
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Marvin Price

    Director

    Total calculated
    $16,403
    From this org
    $16,403
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Charles Boring

    General Manager

    Total calculated
    $404,243
    From this org
    $313,702
    From related orgs
    $0
    Other
    $90,541
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $312,413
    Bonus
    $0
    Other
    $1,289
    Deferred
    $60,068
    Nontaxable benefits
    $30,473
    Filer's total
    $404,243

  • Carrie Humble

    CFO

    Total calculated
    $225,593
    From this org
    $159,031
    From related orgs
    $0
    Other
    $66,562
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $158,607
    Bonus
    $0
    Other
    $424
    Deferred
    $34,732
    Nontaxable benefits
    $31,830
    Filer's total
    $225,593

  • David Camp

    Information Systems Manage

    Total calculated
    $212,523
    From this org
    $148,979
    From related orgs
    $0
    Other
    $63,544
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $148,376
    Bonus
    $0
    Other
    $603
    Deferred
    $31,443
    Nontaxable benefits
    $32,101
    Filer's total
    $212,523

  • Michael Stults

    Outside Plant Manager

    Total calculated
    $218,458
    From this org
    $161,092
    From related orgs
    $0
    Other
    $57,366
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $159,863
    Bonus
    $0
    Other
    $1,229
    Deferred
    $33,016
    Nontaxable benefits
    $24,350
    Filer's total
    $218,458

  • Houston Thomas

    Network Operations Manager

    Total calculated
    $302,810
    From this org
    $236,234
    From related orgs
    $0
    Other
    $66,576
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $235,052
    Bonus
    $0
    Other
    $1,182
    Deferred
    $36,958
    Nontaxable benefits
    $29,618
    Filer's total
    $302,810

  • Ruby Smith

    Administrative Assistant

    Total calculated
    $232,327
    From this org
    $181,155
    From related orgs
    $0
    Other
    $51,172
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $179,849
    Bonus
    $0
    Other
    $1,306
    Deferred
    $28,325
    Nontaxable benefits
    $22,847
    Filer's total
    $232,327

  • Sherry Cartwright

    Customer Experience Manage

    Total calculated
    $239,623
    From this org
    $181,145
    From related orgs
    $0
    Other
    $58,478
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $180,260
    Bonus
    $0
    Other
    $885
    Deferred
    $28,908
    Nontaxable benefits
    $29,570
    Filer's total
    $239,623

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

  • 1a · Travel for companions
  • 1b · Written policy on the line-1a expenses
  • 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

The filer's explanations (Part III)

Part I, Line 1a
Travel for companions: John Lee Downey - $369 James Condra - $369 Sandy Burnett - $369 Dion Ault - $369 Richard Smith - $938 Each amount above is reported as income on the Form W-2 or Form 1099 of the respective employee or director.

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 $479,757 · share of assets $2,563,043 · controlled entity

    Directly controlled by Bledsoe Telephone Cooperative Inc

Provenance

Return type
form_990
Tax year
2022
Filed
24 October 2023
IRS schema version
2022v5.0
Source object
202332989349300338

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