Bledsoe Telephone Cooperative
- Assets
- $55.4m
- Revenue
- $25.1m
- Investments
- $0.0
- Employees
- 78
- Location
- Pikeville, TN
- Founding
- 02/1962
- Data as of
- 12/2022
- EIN
- 62-0526657
Organization Overview
Bledsoe Telephone Cooperative is located in Pikeville, TN. The organization was established in 1962. 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 12/2022, Bledsoe Telephone Cooperative employed 78 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bledsoe Telephone Cooperative 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 12/2022, Bledsoe Telephone Cooperative generated $25.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $25.1m during the year ending 12/2022. While expenses have increased by 4.9% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE DEPENDABLE, STATE OF THE ART TELECOMMUNICATION SERVICE ON THE COOPERATIVE PLAN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Lee Downey Director/president | Trustee | 5 | $37,415 |
Rufus Johnson Director | Trustee | 5 | $22,520 |
James Condra Director/vice President | Trustee | 5 | $37,415 |
Danny Wallace Director | Trustee | 5 | $8,649 |
Sandy Burnett Director/secretary | Trustee | 5 | $41,859 |
Richard Smith Director | Trustee | 5 | $44,828 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Loftis Underground Outside Plant Contractors | 12/30/22 | $6,067,459 |
Iris Networks Telecommunications Services | 12/30/22 | $291,808 |
Innovative Systems Llc Software | 12/30/22 | $204,692 |
Epb Broadband Solutions Electric & Telecommunications Services | 12/30/22 | $121,534 |
Eric Keith Scoggins Outside Plant Contractors | 12/30/22 | $115,825 |
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 | $24,119,078 |
| Investment income | $63,286 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $33,835 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $46,588 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $25,119,432 |
| 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 | $3,075,631 |
| Compensation of current officers, directors, key employees. | $875,251 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| 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 | $0 |
| 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 | $28,289 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,047,403 |
| Insurance | $0 |
| All other expenses | $1,473,332 |
| Total functional expenses | $25,119,432 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,846,449 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,563,573 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,218,260 |
| Prepaid expenses and deferred charges | $762,732 |
| Net Land, buildings, and equipment | $28,789,778 |
| Investments—publicly traded securities | $6,932,027 |
| Investments—other securities | $0 |
| Investments—program-related | $7,778,579 |
| Intangible assets | $0 |
| Other assets | $1,521,047 |
| Total assets | $55,412,445 |
| Accounts payable and accrued expenses | $2,412,391 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $4,730,198 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,911,555 |
| Total liabilities | $10,054,144 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $135,189 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $45,223,112 |
| Total liabilities and net assets/fund balances | $55,412,445 |