Peoples Telephone Cooperative Inc

Organization Overview

Peoples Telephone Cooperative Inc is located in Quitman, TX. As of 09/2017, Peoples Telephone Cooperative Inc employed 110 individuals. Peoples 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 09/2017, Peoples Telephone Cooperative Inc generated $11.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (3.6%) each year. All expenses for the organization totaled $13.8m during the year ending 09/2017. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2017

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE DEPENDABLE AREA-WIDE TELEPHONE SERVICE ON THE COOPERATIVE PLAN AND AT THE LOWEST COST CONSISTENT WITH SOUND ECONOMY AND GOOD MANAGEMENT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDING RURAL TELEPHONE SERVICE TO APPROXIMATELY 9,500 MEMBERS, WHICH INCLUDES LOCAL AND LONG DISTANCE SERVICE, INSTALLATION, MAINTENANCE AND EQUIPMENT SALES.


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Board, Officers & Key Employees

Name (title)Compensation
Bill Galyean
President
$1,200
Rocky Christenberry
Director
$600
Mike Fowler
Secretary
$1,200
Mark Johnson
Director
$1,000
Bob Clopton
Director
$1,100
James Pete Gibson
Director
$1,200

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$11,361,982
Investment income $86,664
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $25,397
Net Gain/Loss on Asset Sales $109,035
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $11,583,078

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