2021-11-04T11:02:33-05:00 2020-12-31 620647474 BLACKBURN CHILDERS & STEAGALL PLC 801B SUNSET DRIVE JOHNSON CITY TN 37604 990 2020-01-01 540169578 CITIZENS TELEPHONE COOPERATIVE CITI 5407452111 220 WEBBS MILL ROAD P O BOX 137 FLOYD VA 24091 J GREGORY SAPP GENERAL MANAGER 5407452111 2021-10-26 1 J GREGORY SAPP XXX-XX-XXXX SARAH PRESNELL P01269151 4232824511 2021-10-26 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z J GREGORY SAPP 220 WEBBS MILL ROAD P O BOX 137 FLOYD VA 24091 15931244 0 X WWW.CITIZENS.COOP X 1953 VA CITIZENS TELEPHONE COOPERATIVE PROVIDES TELECOMMUNICATIONS SERVICES, SUCH AS TELEPHONE, INTERNET, CABLE TELEVISION, TRANSPORT, HOME SECURITY, MEDICAL ALERT, AND WEB AND EMAIL HOSTING SERVICES, FOR MEMBERS OF THE COOPERATIVE. 8 8 74 0 102837 13525 2721433 2726068 11726251 12597885 20429 80617 662513 526674 15130626 15931244 0 0 0 0 579965 534335 0 0 0 12707154 13444883 13287119 13979218 1843507 1952026 43947455 47446442 18806805 20495094 25140650 26951348 CITIZENS' MISSION: TO PROVIDE QUALITY SERVICE, EXCELLENT SUPPORT, AND ADVANCED TECHNOLOGIES RELATED TO COMMUNICATIONS AND ENTERTAINMENT IN OUR SERVICE TERRITORY. 0 0 CITIZENS TELEPHONE COOPERATIVE AND ITS SUBSIDIARIES PROVIDE TELEPHONE, INTERNET, CABLE TELEVISION, TRANSPORT, HOME SECURITY, MEDICAL ALERT, AND WEB AND EMAIL HOSTING SERVICES FOR MEMBERS OF THE COOPERATIVE. ADDITIONALLY, THE COOPERATIVE PROVIDES, SELLS, AND LEASES COMMUNICATION EQUIPMENT. 0 1 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 25 0 1 74 1 1 1 0 0 0 0 0 0 0 0 12130066 247949 0 0 0 X 8 8 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 VA X CHRIS J BOND 5407452111 220 WEBBS MILL ROAD P O BOX 137 FLOYD VA 24091 WESLEY GOFF PRESIDENT 1.00 0.10 X X 8329 0 0 LYNWOOD ALLEN VICE-PRESIDENT 1.00 0.14 X X 6827 0 0 SHELBY QUESENBERRY SECRETARY 1.00 0.14 X X 11659 0 0 DANIEL GRIM DIRECTOR 1.00 0.10 X 12401 0 0 KEVIN HUBBARD DIRECTOR 1.00 0.10 X 7106 0 0 RHONDA TURPIN DIRECTOR 1.00 0.10 X 13214 0 0 JONATHAN VEST DIRECTOR 1.00 0.14 X 7200 0 0 JOE ITALIANO DIRECTOR 1.00 0.10 X 12181 0 0 J GREGORY SAPP CEO/GENERAL MANAGER 45.00 0.10 X 175781 0 41635 DONNA SMITH COO 45.00 X 87710 0 28706 CHRIS J BOND CFO 45.00 X 91214 0 30372 433622 0 100713 3 0 1 0 WHITING CONSTRUCTION INC P O BOX 485 TROUTMAN NC 28166 LINE EXTENSION PROJECTS/ACAM PROJECT 3281718 NICHOLAS CONSTRUCTION P O BOX 932356 ATLANTA GA 311932356 CONSTRUCTION FOR ACAM FIBER PROJECT 569885 MASTEC 209 ART BRYAN DRIVE ASHEBORO NC 27203 CONSTRUCTION FOR ACAM FIBER PROJECT 537631 CHR SOLUTIONS P O BOX 1450 MINNEAPOLIS MN 554855494 ENGINEERING FOR ACAM FIBER PROJECT 394943 STAKE CENTER LOCATING INC PO BOX 769 KERNERSVILLE NC 27285 UTILITY LOCATING SERVICES 288110 5 2726068 2726068 GROSS PROGRAM SERVICE REVENUE 517000 12597885 12501605 96280 12597885 10000 10000 31875 31875 38742 0 38742 38742 38742 OTHER GROSS NON-MEMBER INCOME 517000 526674 520117 6557 526674 15931244 13021722 102837 80617 534335 301373 2875657 NON-REGULATED EXPENSES 5317851 PLANT SPECIFIC EXPENSES 1809008 PLANT NON-SPECIFIC EXPE 1386668 CORPORATE OPERATIONS 852131 902195 13979218 312805 294648 1762299 1895695 6612960 6122468 565317 684798 1765757 1598863 71855942 39349308 27523559 32506634 2450390 2425842 2954368 1917494 43947455 47446442 1811768 2563725 9093755 9032686 7614402 8592188 286880 306495 18806805 20495094 X 1245 1245 0 0 25139405 26950103 25140650 26951348 43947455 47446442 X 1952026 120912 -262240 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 425314 425314 3853519 2896311 957208 3953068 2720073 1232995 63624041 33732924 29891117 32506634 2200000 C ASSOC NETWORK PARTNERS, INC. 4700 C NECA SERVICES, INC. 3000 C VA INDEPENDENT TELEPHONE ALLIANCE 141396 C LIT NETWORK 76746 C 2425842 OTHER ACCRUED LIABILITIES 252121 ACCRUED PAYROLL TAXES 28717 ACCRUED INTEREST 25657 306495 X PART X, LINE 2: UNCERTAIN TAX POSITIONS: THE COOPERATIVE FOLLOWS THE PROVISIONS OF UNCERTAIN TAX POSITIONS AS ADDRESSED IN THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION(ASC). THE COOPERATIVE DID NOT HAVE UNRECOGNIZED TAX LIABILITIES AS OF JUNE 30, 2021 AND 2020 AND DOES NOT EXPECT THIS TO CHANGE SIGNIFICANTLY OVER THE NEXT 12 MONTHS. THE COOPERATIVE WILL RECOGNIZE INTEREST AND PENALTIES ACCRUED ON ANY UNRECOGNIZED TAX LIABILITIES AS A COMPONENT OF INCOME TAX EXPENSE. AS OF JUNE 30, 2021 AND 2020, THE COOPERATIVE HAS NOT ACCRUED INTEREST OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS. X 1 1 X X X 0 0 0 J GREGORY SAPP CEO/GENERAL MANAGER 175781 0 0 0 0 0 0 0 41635 0 217416 0 0 0 PART I, LINE 1A WHEN A BOARD MEMBER TRAVELS, THE ORGANIZATION PAYS FOR THEIR SPOUSE'S AIRFARE AND MEALS. FORM 990, PART VI, SECTION A, LINE 6 CITIZENS TELEPHONE COOPERATIVE IS A MEMBER-OWNED TELEPHONE COOPERATIVE. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS ARE RESPONSIBLE FOR VOTING FOR THE BOARD OF DIRECTORS EACH YEAR AT THE COOPERATIVE'S ANNUAL MEETING. THE EIGHT BOARD MEMBERS EACH SERVE THREE YEAR TERMS, AND THEY ARE ON A ROTATING BASIS. THREE BOARD POSITIONS ARE UP FOR ELECTION ONE YEAR, THREE THE NEXT, AND THEN TWO, AND SO ON. FORM 990, PART VI, SECTION A, LINE 7B EXCEPT AS OTHERWISE REQUIRED BY THE VIRGINIA TELEPHONE COOPERATIVES ACT OR OTHER APPLICABLE LAW, THE MEMBERS SHALL HAVE ONLY THE FOLLOWING VOTING RIGHTS: (1) ANY CORPORATE ACTION, EXCEPT THE ELECTION OF DIRECTORS, A MERGER, SALE OR OTHER DISPOSITION OF ALL OR SUBSTANTIALLY ALL OF THE COOPERATIVE'S ASSETS OTHER THAN IN THE USUAL AND REGULAR COURSE OF BUSINESS OR DISSOLUTION, WHICH, UNDER APPLICABLE LAW, REQUIRES APPROVAL OF THE MEMBERS, SHALL BE APPROVED AT A MEETING AT WHICH A QUORUM OF THE MEMBERS IS PRESENT IF THE VOTES CAST IN FAVOR OF THE ACTION EXCEED THE VOTES CAST AGAINST THE ACTION. (2) DIRECTORS SHALL BE ELECTED BY A PLURALITY OF THE VOTES CAST BY THE MEMBERS ENTITLED TO VOTE IN THE ELECTIONS AT A MEETING AT WHICH A QUORUM IS PRESENT; AND (3) A MERGER, SALE OR OTHER DISPOSITION OF ALL OR SUBSTANTIALLY ALL OF THE COOPERATIVE'S ASSETS OTHERWISE THAN IN THE USUAL AND REGULAR COURSE OF BUSINESS, OR DISSOLUTION SHALL BE APPROVED BY MAJORITY OF THE VOTES PRESENT AND ENTITLED TO VOTE ON THE TRANSACTION AT A MEETING AT WHICH A QUORUM OF THE MEMBERS IS PRESENT. FORM 990, PART VI, SECTION B, LINE 11B A COMPLETE COPY OF THE ORGANIZATION'S FORM 990 (INCLUDING ALL REQUIRED SCHEDULES), AS ULTIMATELY FILED WITH THE INTERNAL REVENUE SERVICE, WAS PROVIDED TO EACH PERSON WHO WAS A VOTING MEMBER OF THE GOVERNING BODY, WHETHER IN PAPER OR ELECTRONIC FORM, BEFORE ITS FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C CURRENTLY THE CONFLICT OF INTEREST POLICY IS NOT SIGNED OFF ON BY THE BOARD OF DIRECTORS ON A ANNUAL BASIS. IT IS IN THE COOPERATIVE'S BYLAWS, WHICH ARE PRINTED IN THE COOPERATIVE'S DIRECTORY EACH YEAR AND IN THE BOARD MANUAL, WHICH EACH BOARD MEMBER RECEIVES. FORM 990, PART VI, SECTION B, LINE 15 CITIZENS TELEPHONE COOPERATIVE HAS AN ANNUAL PERFORMANCE REVIEW OF TOP MANAGEMENT. THE BOARD OF DIRECTORS DOES THE ANNUAL PERFORMANCE REVIEW OF THE GENERAL MANAGER, WHICH ENCOMPASSES COMPANY GOALS AND OBJECTIVES WHICH ARE SET FORTH IN THE GENERAL MANAGER'S CONTRACT, WHICH RUNS FROM JANUARY TO DECEMBER OF EACH YEAR. THE PERFORMANCE REVIEWS ARE NOTED IN THE BOARD OF DIRECTORS MINUTES. WHEN THE PREVIOUS GENERAL MANAGER RETIRED, THE BOARD OF DIRECTORS HAD ADVANCE NOTICE THAT THE PRIOR GENERAL MANAGER WAS PLANNING TO RETIRE. THE CURRENT GENERAL MANGER WAS ASSISTANT GENERAL MANAGER AT THAT TIME, AND HE WAS GROOMED FOR THE POSITION OF GENERAL MANAGER BY THE PRIOR GENERAL MANAGER. FORM 990, PART VI, SECTION C, LINE 19 CITIZENS TELEPHONE COOPERATIVE MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: INCREASE (DECREASE) IN PATRONAGE CAPITAL ACCOUNTS -262,240. FORM 990, PART XII, LINE 2C THE COOPERATIVE'S PROCESS FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND FOR SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. THE BOARD OF DIRECTORS ALSO ACTS AS THE AUDIT COMMITTEE. BOTH THE COOPERATIVE AND EACH OF ITS TWO SUBSIDIARIES' YEAR ENDS ARE DECEMBER 31, 2020. HOWEVER, CONSOLIDATED, AUDITED FINANCIAL STATEMENTS FOR THE PARENT AND ITS TWO SUBSIDIARIES WILL BE PREPARED AS OF JUNE 30, 2021. CITIZENS CABLEVISION INC 220 WEBBS MILL ROAD FLOYD VA 24091 050572816 CABLE TELEVISION, INTERNET, AND TELEPHONE TO NON-MEMBERS OF THE COOPERATIVE VA N/A C 1.00000 0 SELECTEC INC 220 WEBBS MILL ROAD FLOYD VA 24091 541252852 PROVISION, SALES, AND LEASING OF COMMUNICATION EQUIPMENT VA N/A C 1.00000 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 CITIZENS CABLEVISION INC Q 689698 A/P INVOICES PARENT PAID FOR SUB CITIZENS CABLEVISION INC O 240000 LABOR PARENT PAID FOR SUB CITIZENS CABLEVISION INC S -4203995 SUB'S REVENUE COLLECTED BY PARENT CITIZENS CABLEVISION INC R 3097000 AMOUNT PARENT PAID TO SUB SELECTEC INC A 600 RENT SUB OWES TO PARENT SELECTEC INC R -15652 MISC CASH PARENT OWES SUB SELECTEC INC S -8250 SUB'S REVENUE COLLECTED BY PARENT SELECTEC INC Q 681 A/P INVOICES PARENT PAID FOR SUB