2016-05-16T14:51:24-07:00 2015-09-30 CURTIS BLAKELY & CO PC PO BOX 5486 LONGVIEW TX 756085486 990 2014-10-01 750830462 PEOPLES TELEPHONE COOPERATIVE INC PEOP 9037632214 PO BOX 228 QUITMAN TX 75783 Steven Steele Manager 2016-05-16 true Kathy Jackson CPA P00934555 9037580734 2014 2016-08-17 19:52:53Z X 11502508 false false X www.peoplescom.net X 1952 TX To provide dependable area-wide telephone service on the cooperative plan and at the lowest cost consistent with sound economy and good management. 9 9 105 164062 55444 0 12127290 11441809 19353 18870 24988 26615 12171631 11487294 15000 15000 0 5777567 5768753 0 0 7235679 8866451 13028246 14650204 -856615 -3162910 75920732 53651359 63211635 39495844 12709097 14155515 To provide dependable area-wide telephone service on the cooperative plan and at the lowest cost consistent with sound economy and good management. false false Providing rural telephone service to approximately 9,733 members, which includes local and long distance service, installation, maintenance and equipment sales. false false false false false false false false false false true false false true true true false true false false false false false false false false false false true true false false false false false false false false false false false false false false false false true true true false false true 29 0 true 105 true true true false false false false false false false 3522286 145302 false false false X 9 9 false false false false true true false true true false false true false false false false false true true false X Scott Thompson 9037632214 PO Box 228 Quitman TX 757830228 Bill Galyean President 1.00 0.00 X X 1200 0 0 Jeff Guthrie Vice President 1.00 0.00 X X 800 0 23100 Mike Fowler Secretary 1.00 0.00 X X 1200 0 0 Mark Johnson Director 1.00 0.00 X 800 0 23100 Bob Clopton Director 1.00 0.00 X 1100 0 0 JAMES PETE Gibson Director 1.00 0.00 X 900 0 0 Johnny Ziegler Director 1.00 0.00 X 1100 0 0 Doug Cameron Director 1.00 0.00 X 1200 0 0 Rodney Whitter Director 1.00 0.00 X 1000 0 16800 Steven Steele Manager 40.00 0.00 X 163342 0 55884 Scott Thompson CFO 40.00 0.00 X 116017 0 39203 288659 158087 2 false true false TRIPLE L CONTRACTORS LLC PO BOX 986 EMORY TX 75440 CONTRACTOR 208903 1 0 Directory Advertising 211457 74010 137447 Federal USF 2160170 2160170 Local & Long Distance 4766801 4766801 NECA Settlement 2385273 2385273 Texas USF 1918108 1918108 11441809 8786 8786 0 0 41829 15214 26615 26615 26615 10084 10084 10084 10084 0 0 0 0 11487294 11314446 164062 8786 X 0 15000 0 0 446746 0 2998654 0 2084196 239157 0 23227 746143 0 0 0 0 0 0 0 0 299426 0 0 0 442626 0 3471265 0 Plant Specific 5075296 Corporate Operations 2216959 Plant Non Specific 1470594 Customer Operations 916890 -5795975 14650204 0 0 0 696 699 803912 1123545 0 43997383 18728949 0 0 25000 25000 146959 149096 257898 279204 69036673 50858087 19607292 18178586 0 0 0 0 11081592 15166280 75920732 53651359 29953156 8572949 47544 35286 15920427 13800859 17290508 17086750 63211635 39495844 X 101300 99490 12607797 14056025 12709097 14155515 75920732 53651359 X -3162910 4609328 X false true X true false 153877 153877 4789762 3284563 1505199 1559075 1525461 33614 62533959 46048063 16485896 18178586 CONST WIP - SHORT TERM 392175 15166280 POSTRETIREMENT BENEFITS 17086750 17086750 X Part X : FIN48 Footnote We use a two-step approach for recognizing and measuring tax benefits taken or expected to be taken in a tax return and disclosures regarding uncertainties in income tax positions. The first step is recognition: we determine whether it is more likely than not that a tax position will be sustained upon examination, including resolution of any related appeals or litigation processes, based on the technical merits of the position. In evaluating whether a tax position has met the more-likely-than-not recognition threshold, we presume that the position will be examined by the appropriate taxing authority that has full knowledge of all relevant information. The second step is measurement: a tax position that meets the more-likely-than-not recognition threshold is measured to determine the amount of benefit to recognize in the financial statements. The tax position is measured at the largest amount of benefit that is greater than 50 percent likely of being realized upon ultimate settlement. Differences between tax positions taken in a return and amounts recognized in the financial statements will generally result in one or more of the following: an increase in liability for income taxes payable, a reduction of an income tax refund receivable, a reduction in a deferred tax asset, or an increase in a deferred tax liability. We have not identified any uncertain tax positions requiring adjustment or disclosure. true 0 0 Scholarship 15 15000 Cash Grantmaker's Description of How Grants are Used Peoples Telephone Cooperative, Inc. pays the individual scholarships it awards directly to the school attended by the scholarship recipient to be used only for approved educational purposes. X false false false Scott Thompson CFO 116017 18702 20501 155220 Steven Steele Manager 163342 26710 29174 219226 Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder Peoples Telephone Cooperative, Inc. has approximately 9,733 members in the rural area of Wood, Franklin, and Rains Counties, Texas. Form 990, Part VI, Line 11b: Form 990 Review Process The Form 990 will be reviewed by all of the board of directors of Peoples Telephone Cooperative, Inc. at a board meeting before it is filed. Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management Compensation of the top management official and other officers is reviewed and approved by the board of directors of Peoples Telephone Cooperative, Inc. and determined based on comparison with other industry companies. Such decisions are contemporaneously documented and recorded. Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees See Form 990, Part VI, Line 15a Form 990, Part VI, Line 19: Other Organization Documents Publicly Available Peoples Telephone Cooperative, Inc. makes its governing documents and financial statements available to its members upon request at the monthly board meetings. Other Changes In Net Assets Or Fund Balances - Other Decreases CHANGE IN MEMBERSHIP = -$1810 Other Changes In Net Assets Or Fund Balances - Other Increases CHANGE IN POST RETIREMENT - 158 = $578758 Other Changes In Net Assets Or Fund Balances - Other Increases Prior Period Adj - Equity in Sub = $105442 Other Changes In Net Assets Or Fund Balances - Other Increases Rounding = $2 Other Changes In Net Assets Or Fund Balances - Other Increases SUBSIDIARY INCOME = $3926936 Amended Explanation Tax return is being amended to include Forms 3115 that were inadvertently excluded from the original e-filed return. Form 990, Part IX, Line 24e Other Expenses:Special Charges 500Nonregulated Service Expense 2,492Less: Grants Paid -15,000Less: Wages/Benefits/Taxes -5,768,753 see belowLess: Rental Expenses -15,214 see below -5,795,975Peoples Telephone Cooperative, Inc. (PTC) prepares its books as required in Part 32 of Title 47 of the FCC Code of Federal Regulations. Under Part 32, salaries, other compensation, and employee benefits are spread among numerous accounts (plant specific, customer operations, corporate operations, plant nonspecific, and nonregulated service expense). PTC has separately stated these expenses in the various categories in Part IX, Column (A), Lines 5-10.Rental expenses associated with rental revenue are reported in Part VIII, Lines 6a-d. These are also spread among numerous accounts listed in Part IX. Form 990, Part XII, Line 2c The entire board of directors of Peoples Telephone Cooperative, Inc. assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant. Form 990, Schedule R, Part V, Line 2d (Transaction Type A-P) The method used by Peoples Telephone Cooperative, Inc. to determine the value of the services, cash, and other assets reported in column (c): Peoples Telephone Cooperative, Inc. (PTC) operates in a regulated environment, and as such, is required to record transactions with related organizations according to Part 32.27 of Title 47 of the Code of Federal Regulations. Under these regulations, assets sold or transferred between the taxpayer and its affiliate pursuant to a tariff, including a tariff filed with a state commission, are valued at the tariffed rate. If no tariff exists, the transaction is valued at prevailing rates charged by the taxpayer to non-affiliate entities, as long as over 25% of the total output for that type of asset or service is with non-affiliates. All other sales (or transfers) of assets or services to nonregulated affiliates are valued at the greater of net book cost or fair market value. Purchases (or transfers) of assets or services from nonregulated affiliates are valued at the lower of net book cost or fair market value. The only exception to the above, is if PTC purchases from its affiliate services that are neither tariffed nor subject to prevailing company prices and such affiliate exists solely to provide services to members of PTC's corporate family, such services are valued at fully distributed cost.Fair market value is determined by PTC's geographical location and transactions with non-related entities. Peoples Holding Inc PO Box 228 Quitman TX 75783 752959231 Holding Company DE N/A C 12812779 1.00000 false Peoples Communication Inc PO Box 228 Quitman TX 75783 751831802 Telecommunications TX Peoples Holding Inc C 10826159 44698604 1.00000 true Texas RSA 7B3 LP PO Box 228 Quitman TX 75783 752295094 Cellular Telecommunications TX Peoples Holding Inc C 4437638 7300622 1.00000 true Peoples Fibercom Corporation PO Box 228 Quitman TX 75783 752887111 Communications TX Peoples Holding Inc C 2032173 5401016 1.00000 false true false false false false false false false false true true false true false true false false false false Peoples Communication Inc a 22073 See SCH. O Peoples Communication Inc j 320028 SEE SCH. O Peoples Communication Inc k 1158369 SEE SCH. O Peoples Communication Inc m 185387 SEE SCH. O Peoples Communication Inc o 1668604 SEE SCH. O Texas RSA 7B3 LP a 19756 SEE SCH. O Texas RSA 7B3 LP j 12343 SEE SCH. O Texas RSA 7B3 LP m 33084 SEE SCH. O Texas RSA 7B3 LP o 559356 SEE SCH. O