2013-09-25T15:28:41-05:00 2012-12-31 631035228 Jackson Thornton & Co PC P O Box 96 Montgomery AL 361010096 990 2012-01-01 620526657 Bledsoe Telephone Cooperative Inc BLED 4234472121 P O Box 609 Pikeville TN 37367 John Lee Downey 4234472121 2013-09-23 1 PATRICK COOPER P00856177 3348347660 2013-09-23 2012 2016-02-24 21:20:13Z Gregory Anderson P O Box 609 Pikeville TN 37367 24412190 0 X www.bledsoe.net X 1953 TN To provide dependable, state of the art telecommunication service on the cooperative plan. 7 7 53 0 0 0 0 0 14553426 14919383 206308 148478 515350 686126 15275084 15753987 0 0 0 325198 497648 522622 0 0 0 14830257 13929335 15327905 14777155 -52821 976832 40603722 40456143 11833177 10704542 28770545 29751601 X It is the aim of the Bledsoe Telephone Cooperative to provide dependable, state of the art telecommunication service on the cooperative plan and at the lowest cost consistent with sound economy and good management.In order to achieve this aim, Bledsoe Telephone Cooperative is committed to developing a courteous and dedicated staff of employees by providing quality training, opportunity for advancement, adequate compensation and a safe working environment. 0 0 Bledsoe Telephone Cooperative provided a variety of dependable telecommunication services to its cooperative members who were primarily located in Bledsoe, Sequatchie and Van Buren Counties. 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 1 1 64 0 53 1 0 0 0 0 0 9855668 1155804 0 X 7 7 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 1 1 1 0 X James Condra 4234472121 338 Cumberland Avenue Pikeville TN 37367 John Lee Downey 5.00 X 16482 0 0 Rufus Johnson 5.00 X 8220 0 0 James Condra 5.00 X 20665 0 0 Randell Singleton 5.00 X 14786 0 0 Danny Wallace 5.00 X 16172 0 0 Sandy Burnett 5.00 X 19519 0 0 Richard Smith 5.00 X 21076 0 0 Gregory L Anderson 40.00 X 175374 0 54994 Janie R Rothwell 40.00 X 134319 0 41015 426613 0 96009 2 0 1 0 Red Stag Contractors LLC 358 5th Ave South Baxter TN 38544 Outside Plant Contractors 969471 Calix Inc 1035 N McDowell Blvd Petaluma CA 94954 Central Office Contractors 502644 A&C Communications Corporation 1118 Garrett Creek Rd Burkesville KY 42717 Outside Plant Contractors 393092 GenBand US LLC PO Box 731188 Dallas TX 75373 Central Office Contractors 353248 Dell Marketing LP PO Box 534118 Atlanta GA 30353 Computers 330456 7 Telephone Service 517000 9391400 9391400 Cable/Internet/Video 517000 5527983 5527983 14919383 105948 105948 8696432 8653902 42530 42530 42530 6536 4301 2235 2235 Partnership Income 517000 683891 683891 683891 15753987 15605509 0 148478 X 325198 522622 404974 3650794 Plant Operations 3330243 Internet Expense 1892764 Video Expense 1624792 Corporate Operations 1136152 1889616 14777155 1733521 1596103 300000 300000 664980 790381 734672 791261 14522 19028 69718587 47848741 22212527 21869846 11718783 11823045 112641 118710 3112076 3147769 40603722 40456143 1633590 1950644 9566800 8087136 632787 666762 11833177 10704542 X 167637 165544 0 0 28602908 29586057 28770545 29751601 40603722 40456143 X 976832 4224 X X 0 1 X 1 1 1 174218 174218 3285890 1876646 1409244 222455 222455 0 66036024 45749640 20286384 21869846 Cellular Radio of Chattanooga 1904714 C NRTC Stock Certificates 195404 C Investment in T.I.T.G. 1047651 C 3147769 Deferred Compensation 73536 Postretirement Benefits 593226 666762 X 15432141 0 15432141 321846 321846 15753987 0 0 0 14130111 647044 14777155 14777155 Description of Uncertain Tax Positions Under FIN 48: Part X, Line 2: Income taxes - The Cooperative is exempt from income taxes under Section 501(c)(12) of the Internal Revenue Code. Management has evaluated the Cooperative's tax positions and concluded that the Cooperative has taken no uncertain tax positions that require adjustments to the financial statements. With few exceptions, the Cooperative is no longer subject to income tax examinations by the U.S. federal, state, or local tax authorities for years before 2009. Part XI, Line 4b - Other Adjustments: Reclassification of expense items included in revenues on F/S 321,846. Part XII, Line 4b - Other Adjustments: Reclassification of expense items included in revenues on F/S 321,846. Allocation of margins to cooperative members 325,198. X 1 1 X X 0 0 0 Gregory L Anderson 173760 0 0 0 1614 0 33190 0 21804 0 230368 0 0 0 Janie R Rothwell 134319 0 0 0 0 0 25537 0 15478 0 175334 0 0 0 Part I, Line 1a Travel for companions: John Lee Downey - $1,686 Randell Singleton - $590 James Condra - $1,609 Danny Wallace - $1,076 Sandy Burnett - $1,363 Richard Smith - $2,020 Greg Anderson - $2,155 Each amount above is reported as income on the Form W-2 or Form 1099 of the respective employee or director. TITG LLC dba IRIS Networks The GM of BTC serves on the governing body of the interested party. 225201 T.I.T.G., LLC is a wholesale telecommunications carrier of which Bledsoe Telephone Cooperative, Inc. owns approximately ten percent of the profits, losses, and capital. The General Manager of Bledsoe Telephone Cooperative, Inc. serves as its representative to the governing body of T.I.T.G., LLC.During the year Bledsoe Telephone Cooperative, Inc. leased telephone circuits from T.I.T.G., LLC and also leased some circuits to T.I.T.G., LLC.The following are those amounts:Telephone Circuit Lease Payments to T.I.T.G., LLC $93,109Telephone Circuit and Fiber Lease Payments from T.I.T.G., LLC $132,092 0 Form 990, Part VI, Section A, line 6 Bledsoe Telephone Cooperative is a not-for-profit membership organization whose members have identical voting rights and are assigned margins in accordance with the cooperative's bylaws. Form 990, Part VI, Section A, line 7a Each member shall be entitled to only one vote upon each matter submitted to a vote at a meeting of the members. Members of the governing body are elected each year at the cooperative's annual meeting provided that a quorum is present. Form 990, Part VI, Section A, line 7b The membership must approve decisions that involve substantial transfers of cooperative assets, amendments to the cooperative's bylaws, as well as other decisions requiring approval of the membership by law, the charter of incorporation, and/or the cooperative's bylaws. Form 990, Part VI, Section A, line 8b There are no other committees that have to authority to act on behalf of the governing body. Form 990, Part VI, Section B, line 11 Management reviewed the completed 2012 Form 990. A copy of the Form 990 was then provided to each of the members of the cooperative's governing body at a meeting prior to filing the form with the Internal Revenue Service by the tax preparer who assisted in the preparation of the form. Once the Form 990 was approved by the governing body, the President signed the E-file authorization form allowing the Form 990 to be transmitted to the Internal Revenue Service by the accounting firm who assisted in the preparation of the form. Form 990, Part VI, Section B, line 12c The General Manager is responsible for monitoring and enforcing the conflict of interest policy. Form 990, Part VI, Section B, line 15 Bledsoe Telephone Cooperative retains a third party expert, Mathis & Associates, to establish job descriptions, pay ranges, and to set matrices for job evaluations, which are then compared to similar industries in the nation. Mathis develops pay ranges based upon nationwide statistics. The Board of Directors determine compensation based on the data provided by Mathis & Associates. This process is reflected in the minutes of the board meetings. Form 990, Part VI, Section C, line 19 Bledsoe Telephone Cooperative makes these documents available by distributing personally or via mail, printed copies of the bylaws to members of the cooperative. Bledsoe Telephone Cooperative provides copies of the audited financials to all members attending the annual meeting and upon request by an individual member. All Other Functional Expenses Form 990, Part IX, line 24e Customer Operations: Total expenses 813,124. Long Distance Exp: Total expenses 391,584. Other Expenses: Total expenses 369,816. Operating Taxes: Total expenses 315,092. Form 990, Part IX, Line 4 The instructions to the 2012 Form 990 indicate that organizations exempt under Section 501(c)(12) should report patronage dividends paid to their members in Part IX, Line 4 of the Form 990. Bledsoe Telephone Cooperative, Inc. has interpreted the words "patronage dividends paid" in the instructions to mean margins that are assigned or assignable to the members. The amount listed in Part IX, Line 4 represents the margins that were assigned to the members for the calendar year ended December 31, 2012. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 9: Change in memberships -2,093. Deceased capital credits -318,881. Allocation of margins to cooperative members 325,198. Form 990, Part XII, Line 2c The filing organization did not change its policies of oversight and selection for the year ended December 31, 2012. Cellular Radio of Chattanooga 1025 Lenox Park Blvd NE Suite 310 Atlanta GA 303195309 620526657 Telecommunications DE Related 0 666007 2162434 0 1 0.25000