Pineland Telephone Cooperative Inc
- Assets
- $116.5m
- Revenue
- $20.4m
- Investments
- $0.0
- Employees
- 67
- Location
- Metter, GA
- Founding
- 03/1959
- Data as of
- 12/2021
- EIN
- 58-0607833
Organization Overview
Pineland Telephone Cooperative Inc is located in Metter, GA. The organization was established in 1959. According to its NTEE Classification (W50) the organization is classified as: Telecommunications, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Pineland Telephone Cooperative Inc employed 67 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pineland Telephone Cooperative Inc is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.
For the year ending 12/2021, Pineland Telephone Cooperative Inc generated $20.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $19.2m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVISION OF TELECOMMUNICATIONS SERVICE
Describe the Organization's Program Activity:
Part 3 - Line 4a
PINELAND TELEPHONE COOPERATIVE, INC. IS A COOPERATIVE PROVIDING TELEPHONE, INTERNET AND TELEVISION SERVICE TO ITS MEMBERS IN A COST EFFECTIVE MANNER IN ALL OR PARTS OF NINE COUNTIES IN SOUTHEAST GEORGIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Moore Director | Trustee | 1 | $4,346 |
Jean Melton Director | Trustee | 1 | $4,045 |
Ralph Clifton Director | Trustee | 1 | $4,042 |
Mark Bland Director | Trustee | 1 | $3,921 |
Carson Cross Director | Trustee | 1 | $3,060 |
Will Donaldson Director | Trustee | 1 | $3,055 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $19,804,264 |
| Investment income | $463,395 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $88,463 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $20,356,122 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $264,303 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,792,045 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,716,596 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $559,017 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,852,099 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $19,184,060 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,604,930 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,823,605 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $126,039 |
| Prepaid expenses and deferred charges | $2,285,888 |
| Net Land, buildings, and equipment | $38,690,510 |
| Investments—publicly traded securities | $4,276,403 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $63,740,507 |
| Total assets | $116,547,882 |
| Accounts payable and accrued expenses | $771,267 |
| Grants payable | $0 |
| Deferred revenue | $358,624 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $20,844,176 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $15,239,273 |
| Total liabilities | $37,213,340 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $163,275 |
| Paid-in or capital surplus, or land, building, or equipment fund | $4,930 |
| Retained earnings, endowment, accumulated income, or other funds | $79,166,337 |
| Total liabilities and net assets/fund balances | $116,547,882 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
North Central Telephone Cooperative Corp Lafayette, TN | $151,550,123 | $41,901,963 |
West Carolina Rural Telephone Cooperative Inc Abbeville, SC | $138,539,620 | $33,803,232 |
Sandhill Rural Telephone Cooperative Inc Jefferson, SC | $67,342,746 | $27,096,055 |
Ben Lomand Rural Telephone Cooperative Inc Mcminnville, TN | $135,020,409 | $32,327,349 |
Dekalb Telephone Cooperative Alexandria, TN | $99,962,174 | $26,158,817 |
Bledsoe Telephone Cooperative Pikeville, TN | $52,661,532 | $24,894,746 |
Palmetto Rural Telephone Cooperative Inc Walterboro, SC | $95,544,834 | $23,786,093 |
Pineland Telephone Cooperative Inc Metter, GA | $116,547,882 | $20,356,122 |
Highland Telephone Cooperative Inc Sunbright, TN | $81,089,190 | $24,131,946 |
Bulloch County Rural Telephone Cooperative Inc Statesboro, GA | $84,501,417 | $18,614,322 |
New Hope Telephone Cooperative New Hope, AL | $37,548,227 | $12,900,779 |
Mon-Cre Telephone Cooperative Inc Ramer, AL | $29,206,328 | $7,623,629 |