Peoples Telephone Cooperative Inc
- Assets
- $47.9m
- Revenue
- $11.6m
- Investments
- $0.0
- Employees
- 110
- Location
- Quitman, TX
- Founding
- Data as of
- 09/2017
- EIN
- 75-0830462
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.
Form
990
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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Steele Manager | Officer | 40 | $185,532 |
Scott Thompson CFO | Officer | 40 | $149,954 |
Mike Fowler Secretary | OfficerTrustee | 1 | $1,200 |
Bill Galyean President | OfficerTrustee | 1 | $1,200 |
James Pete Gibson Director | Trustee | 1 | $1,200 |
Johnny Ziegler Vice President | OfficerTrustee | 1 | $1,100 |
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 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $15,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $527,779 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,987,294 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,921,416 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $29,001 |
| Fees for services: Accounting | $478,043 |
| 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 | $309,420 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $333,757 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,240,556 |
| Insurance | $0 |
| All other expenses | -$5,387,098 |
| Total functional expenses | $13,836,751 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $699 |
| Savings and temporary cash investments | $1,602,913 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,195,701 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $25,000 |
| Inventories for sale or use | $181,075 |
| Prepaid expenses and deferred charges | $220,195 |
| Net Land, buildings, and equipment | $13,877,762 |
| Investments—publicly traded securities | $4,281,774 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $21,475,995 |
| Total assets | $47,861,114 |
| Accounts payable and accrued expenses | $5,179,337 |
| Grants payable | $0 |
| Deferred revenue | $28,482 |
| 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 | $7,612,239 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $17,054,573 |
| Total liabilities | $29,874,631 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $93,830 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $17,986,483 |
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