2015-08-13T13:23:59-07:00 2014-09-30 CURTIS BLAKELY & CO PC PO BOX 5486 LONGVIEW TX 756085486 990 2013-10-01 750830462 PEOPLES TELEPHONE COOPERATIVE INC PEOP 9037632214 PO BOX 228 QUITMAN TX 75783 Steven Steele Manager 2015-08-13 true Kathy Jackson CPA P00934555 9037580734 2013 2016-02-25 16:41:14Z 12185432 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 99 180249 53392 0 12819763 12127290 28483 19353 26059 24988 12874305 12171631 17000 15000 0 5195553 5777567 0 0 8920947 7235679 14133500 13028246 -1259195 -856615 98340216 75920732 84352340 63211635 13987876 12709097 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 9,973 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 26 0 true 99 true true false false false false false false false 3420279 125837 false false false X 9 9 false false true 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 22644 Mike Fowler Secretary 1.00 0.00 X X 900 0 9604 Mark Johnson Director 1.00 0.00 X 1200 0 22644 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 1200 0 0 Doug Cameron Director 1.00 0.00 X 1200 0 0 Rodney Whitter Director 1.00 0.00 X 1100 0 16464 Steven Steele Manager 40.00 0.00 X 151205 0 46904 SCOTT THOMPSON CFO 40.00 0.00 X 96207 0 0 257012 118260 1 false true false TRIPLE L CONTRACTORS LLC PO BOX 986 EMORY TX 75440 CONTRACTOR 111683 1 0 Directory Advertising 238863 83602 155261 Federal USF 2590034 2590034 Local & Long Distance 4795308 4795308 NECA Seetlement 2608819 2608819 Texas USF 1894266 1894266 12127290 19353 19353 0 0 38789 13801 24988 24988 24988 0 0 0 0 0 12171631 11972029 180249 19353 0 15000 0 0 375272 0 3074851 0 2063012 264432 0 65581 475942 0 0 0 0 0 0 0 0 324013 0 0 0 464537 0 3285471 0 Plant Specific 4504897 Plant Non Specific 1509999 Customer Operations 1400485 Corporate Operations 1004605 -5799851 13028246 0 0 0 699 696 920914 803912 0 26728013 43997383 0 0 25000 25000 120123 146959 290352 257898 70987466 51380174 21014988 19607292 0 0 0 0 49240127 11081592 98340216 75920732 19337972 29953156 28890572 47544 18400739 15920427 17723057 17290508 84352340 63211635 X 106470 101300 13881406 12607797 13987876 12709097 98340216 75920732 X -856615 -422164 X false true X true false 153877 153877 4692722 3141834 1550888 1266139 1255639 10500 64874728 46982701 17892027 19607292 CONST WIP - SHORT TERM 165785 CONSTRUCTION IN PROGRESS 11081592 POSTRETIREMENT BENEFITS 17290508 17290508 X Part X : FIN48 Footnote Peoples Telephone Cooperative, Inc.'s financial statements do not include a footnote reporting a liability for uncertain tax positions under FIN 48. 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 Steven Steele Manager 151205 18724 28180 198109 Form 990, Part VI, Line 4: Description of Significant Changes to Organizational Documents ADDED TO BY-LAWS, ARTICLE I SECTION 8. Consent to Service to Members. Each member, upon receipt of requested service by the Cooperative, thereby grants consent to the Cooperative for such service easements or rights-of-way, on and under such lands owned or leased by or mortgaged to the member, and in accordance with such reasonable terms and conditions, as the Cooperative shall require for the furnishing of telecommunications service to the member or other members for the construction, operation, maintenance or relocation of the Cooperatives telecommunications system.CHANGE IN BY-LAWS, ARTICLE III SECTION 1. ANNUAL MEETING. THE ANNUAL MEETING OF MEMBERS WAS CHANGED FROM THE 3RD TUESDAY OF NOVEMBER TO A TIME EACH YEAR DURING THE FIRST QUARTER DETERMINED BY THE BOD.ADDED TO BY-LAWS, ARTICLE III SECTION 6. MANNER OF VOTING. The Board shall determine the manner of voting for each issue to come before the Cooperative, whether such voting is to be in person, by mail, or electronically. The board shall establish policies and rules to govern the integrity and security of the voting process, and provide sufficient notice to members of the manner of voting and the applicable process.ADDED TO BY-LAWS, ARTICLE IV, SECTION 3. QUALIFICATIONS (TO BECOME OR REMAIN A DIRECTOR). - While a director, and during the five (5) years immediately before becoming director, not be convicted of, or plead guilty to, a felony or two (2) misdemeanors; or found guilty of an offense involving moral turpitude. - While a director and during the five (5) years immediately before becoming a director, not be an employee of the cooperative or an employee of an entity controlled by the cooperative or in which the cooperative owns a majority interest.CHANGE TO BY-LAWS, ARTICLE IV, SECTION 4. NOMINATIONS.New Law: There shall be no additional nominations from the floor at the Annual meeting except as permitted pursuant to the provisions of Sections 5 and 6 of this Article.Old Law: The chairman shall call for additional nominations from the floor and nominations shall not be closed until at least one minute has passed during which no additional nomination has been made.ADDED TO BY-LAWS, ARTICLE VI, SECTION 6 & 7. SECRETARY AND TREASURER DUTIES.Both the Secretary and Treasurer's ministerial duties may be delegated to a Cooperative staff person so long as final review and responsibility continues to reside with the officer.ADDED TO BY-LAWS, ARTICLE X. NON-PROFIT OPERATIONS.THE FOLLOWING SECTIONS HAVE BEEN ADDED TO ARTICLE X: - Capital Credits. The Cooperative shall allocate and pay Capital Credits as provided in this Article. - Allocating Non-Operating Margins. All non-operating margins except those derived from furnishing goods and services other than telecommunications {and information services}, shall, insofar as permitted by law, be used to offset any losses during the current or any prior fiscal year and, to the extent not needed for that purpose, either: i. allocated to its patrons on a patronage basis and any amount so allocated shall be included as part of the capital to be allocated to the accounts of the various classes of patrons in an equitable manner as approved by the Board, or ii. used to establish and maintain a non-operating margin reserve not assignable to patrons prior to dissolution of the Cooperative. - Capital Assignment. Patrons at any time may assign their capital credits back to the Cooperative and the Cooperative is authorized to negotiate capital credit settlement arrangements with bankrupt patrons. Any attempt to assign or transfer the capital credited to the account of a patron pursuant to state or federal law is subject to a right of first refusal vested in the Cooperative for a period of sixty (60) days following notice to the Cooperative of a proposed transfer of such capital to the extent the Co-operative meets any compensation terms of the proposed transfer. - Minimum Accounts. When the capital credits of any patron no longer receiving service from the Cooperative comes to a total amount of less than a fixed sum determined by the Board of Directors, the same shall be retired in full with such retirements made only when and at the same time that a general retirement to other patrons is made. During a general capital credit retirement, no checks shall be issued for less than a fixed amount determined by the Board, and the amount of such unretired capital credits will be retired in the first following year, when the total amount of capital credits qualifying for retirement exceeds that amount set by the Board, including the amount carried over. - Tax Refunds. All tax refunds made by the United States Government or any of the states in connection with the final or true cost of service as determined by the capital credits allocation process may be held and used by the Cooperative as furnished patronage capital and shall be treated in the same manner as furnished capital set out in this Section of these Bylaws. - Debts Offset. Regardless of the statute of limitations or other time limitation, the Cooperative may recoup, offset, or setoff any amount owed to the Cooperative by a patron or member prior to payment of capital credits to the patron or member. - Patronage Capital in Connection With Furnishing Other Services. In the event that the Cooperative should engage in the business of furnishing goods or services other than traditional telecommunications and information services, all amounts received and receivable there from which are in excess of costs and expenses properly chargeable against the furnishing of such goods or services shall, insofar as permitted by law, be prorated annually on a patronage basis and returned to those patrons from whom such amounts were obtained at such time and in such order of priority as the Board shall determine. Any margins received by the Cooperative from subsidiaries or affiliates may be allocated or determined within the discretion of the Board of Directors as patronage credit or as permanent equity of the Cooperative. Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder Peoples Telephone Cooperative, Inc. has approximately 9,973 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 changein members = -$5170 Other Changes In Net Assets Or Fund Balances - Other Increases Increases in Capital account = $686731 Other Changes In Net Assets Or Fund Balances - Other Decreases SUBSIDIARY INCOME = -$1103725 Form 990, Part IX, Line 24e Other Expenses:Special Charges 3,149Nonregulated Service Expense 3,367Less: Grants Paid -15,000Less: Wages/Benefits/Taxes -5,777,567 see belowLess: Rental Expenses -13,800 see below -5,799,851Peoples 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 8780401 1.00000 false Peoples Communication Inc PO BOX 228 Quitman TX 75783 751831802 Telecommunications TX Peoples Holding Inc C 8779706 60915979 1.00000 true Texas RSA 7B3 LP PO BOX 228 Quitman TX 75783 752295094 Cellular Telecommunications TX Peoples Holding Inc C 2882393 14444761 1.00000 true Peoples Fibercom Corporation PO BOX 228 Quitman TX 75783 752887111 Communications TX Peoples Holding Inc C 1458104 5302523 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 352018 SEE SCH. O Peoples Communication Inc k 1158369 SEE SCH. O Peoples Communication Inc m 125139 SEE SCH. O Peoples Communication Inc o 1000629 SEE SCH. O Texas RSA 7B3 LP a 16716 SEE SCH. O Texas RSA 7B3 LP o 438002 SEE SCH. O