2013-11-08T08:29:03-06:00 2012-12-31 620647474 BLACKBURN CHILDERS & STEAGALL PLC 1361 S WILCOX DRIVE KINGSPORT TN 37660 990 2012-01-01 540169578 CITIZENS' TELEPHONE COOPERATIVE CITI 5407452111 220 WEBBS MILL ROAD P O BOX 137 FLOYD VA 24091 J GREGORY SAPP 5407452111 2013-11-07 1 CHAD KISNER P00738241 4232461725 2013-10-14 2012 2016-02-24 21:20:13Z J GREGORY SAPP 220 WEBBS MILL ROAD P O BOX 137 FLOYD VA 24091 10566151 0 X WWW.CITIZENS.COOP X 1953 VA CITIZENS' TELEPHONE COOPERATIVE PROVIDES TELECOMMUNICATIONS SERVICES, SUCH AS PHONE, INTERNET, VIDEO, AND CELLULAR, FOR MEMBERS OF THE COOPERATIVE. 8 8 62 0 95882 30550 250621 736621 8681784 9256293 11455 3148 1125005 570089 10068865 10566151 0 0 0 0 0 0 0 0 0 8780993 8561148 8780993 8561148 1287872 2005003 23917156 30970116 11790106 16959921 12127050 14010195 CITIZENS' TELEPHONE COOPERATIVE PROVIDES TELECOMMUNICATIONS SERVICES, SUCH AS PHONE, INTERNET, VIDEO, AND CELLULAR, FOR MEMBERS OF THE COOPERATIVE. 0 0 CITIZENS' TELEPHONE COOPERATIVE AND ITS SUBSIDIARIES PROVIDE LOCAL AND LONG DISTANCE TELEPHONE SERVICE; PROVIDE, SELL, AND LEASE COMMUNICATION EQUIPMENT; PROVIDE HIGH-SPEED INTERNET, DIAL-UP INTERNET, AND CABLE TELEVISION FOR MEMBERS OF THE COOPERATIVE. 0 1 0 0 0 0 0 0 0 1 1 0 1 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 15 0 1 62 1 1 1 0 0 0 0 0 0 0 0 7216193 573237 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 MELVIN GEARHART 1.00 0.10 X X 6350 0 0 RUSSELL STUMP 1.00 0.10 X X 5400 0 0 SHELBY QUESENBERRY 1.00 0.10 X X 6200 0 0 LYNWOOD ALLEN 1.00 0.10 X 4800 0 0 WESLEY GOFF 1.00 0.10 X 4800 0 0 JOHN HOWELL 1.00 0.10 X 4800 0 0 WARD REECE 1.00 0.10 X 4800 0 0 NOEL UNDERWOOD 1.00 0.10 X 4800 0 0 J GREGORY SAPP 45.00 0.10 X 141370 0 27852 CHRIS J BOND 45.00 X 69928 0 20536 253248 0 48388 1 0 1 0 LAMBERTS CABLE SPLICING CO LLC P O BOX 563 SHARPSBURG NC 27828 FIBER PROJECT CONSTRUCTION 2237280 NICHOLS CONSTRUCTION LLC 1098 CLEAR CREEK ROAD VANSANT VA 24656 FIBER PROJECT CONSTRUCTION 2189254 EDWARDS TELECOMMUNICATIONS INC 777 OLD CLEMSON ROAD COLUMBIA SC 29229 FIBER PROJECT CONSTRUCTION 565618 THOMPSON & LITTON INC P O BOX 759059 BALTIMORE MD 212759059 ENGINEERING SERVICES 500202 CONTRACTING ENTERPRISES INC 2003 RUSSELL AVENUE SW ROANOKE VA 24036 LINE EXTENSION PROJECTS 324119 5 736621 736621 GROSS PROGRAM SERVICE 517000 9256293 9167374 88919 9256293 1610 1610 1538 0 1538 1538 1538 GROSS NON-MEMBER INCOME 517000 570089 563126 6963 570089 10566151 9732038 95882 1610 102809 1507815 PLANT SPECIFIC EXPENSES 2441336 CORPORATE OPERATIONS 1726615 CUSTOMER OPERATIONS 1547081 PLANT NON-SPECIFIC EXPE 1108915 126577 8561148 160832 893380 308451 145550 5421147 5958266 177168 153651 22275 32494 42639293 29828559 13507776 12810734 2268682 2281441 2050825 8694600 23917156 30970116 362809 1435702 5586841 10787561 5577355 4509985 263101 226673 11790106 16959921 X 1245 1245 0 0 12125805 14008950 12127050 14010195 23917156 30970116 X 2005003 -121858 X X 0 1 X 1 1 1 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 196584 196584 3183206 1696049 1487157 10094401 9357680 736721 29165102 18774830 10390272 12810734 2200000 C ASSOC NETWORK PARTNERS, INC. 4700 C NECA SERVICES, INC. 3000 C VA INDEPENDENT TELEPHONE ALLIANCE 55747 C NON-REGULATED INVESTMENT - INTERNET 17994 C 2281441 UNAMORTIZED DEBT ISSUANCE EXPENSE - LTD 6984 TELEPHONE PLANT UNDER CONSTRUCTION 8687616 8694600 ADVANCE BILLING AND PAYMENTS 2590 CUSTOMER DEPOSITS 24386 ACCRUED LICENSE TAX 2836 OTHER ACCRUED LIABILITIES 151078 ACCRUED PAYROLL TAXES 16241 PATRONAGE CAPITAL PAYABLE 20849 ACCRUED INTEREST 8693 226673 X 10566151 0 10566151 0 10566151 8561148 0 8561148 0 8561148 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: NOTE 17 - UNCERTAIN TAX POSITIONS: THE COOPERATIVE FOLLOWS THE PROVISIONS OF UNCERTAIN TAX POSITIONS AS ADDRESSED IN THE FASB ASC. THE COOPERATIVE DID NOT HAVE UNRECOGNIZED TAX LIABILITIES AS OF JUNE 30, 2013 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, 2013, THE COOPERATIVE HAS NOT ACCRUED INTEREST OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS. ALL COMPANIES' FEDERAL AND VIRGINIA INCOME TAX RETURNS FOR TAX YEARS 2010 AN BEYOND REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. X 1 1 X X X 0 0 0 J GREGORY SAPP 141370 0 0 0 0 0 14641 0 13211 0 169222 0 0 0 PART I, LINE 1A WHEN A BOARD MEMBER TRAVELS, THE ORGANIZATION PAYS FOR THEIR SPOUSE'S AIRFARE AND MEALS. PART I, LINE 1B 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 11 A COMPLETE COPY OF THE ORGANIZATION'S FINAL 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 AT THE TIME THE FORM 990 WAS PROVIDED, 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. THE BOARD OF DIRECTORS INTENDS TO HAVE IT ON THEIR AGENDA TO DECIDE WHETHER OR NOT TO HAVE THE CONFLICT OF INTEREST POLICY REVIEWED AND SIGNED OFF ON ANNUALLY. 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. SIX YEARS AGO, 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: INCREASE (DECREASE) IN PATRONAGE CAPITAL ACCOUNTS -121,858. FINANCIAL STATEMENTS AND REPORTING 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' YEARENDS ARE DECEMBER 31, 2012. HOWEVER, CONSOLIDATED FINANCIAL STATEMENTS FOR THE PARENT AND ITS TWO SUBSIDIARIES WILL BE PREPARED AS OF JUNE 30, 2013. CITIZENS CABLEVISION INC 220 WEBBS MILL ROAD FLOYD VA 24091 050572816 CABLE TV VA N/A C 1.00000 0 SELECTEC INC 220 WEBBS MILL ROAD FLOYD VA 24091 541252852 SALES / LEASING 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 536108 A/P INVOICES PARENT PAID FOR SUB CITIZENS CABLEVISION INC O 669351 LABOR PARENT PAID FOR SUB CITIZENS CABLEVISION INC S 298833 PERCENT REVENUE SHARED TO PARENT CITIZENS CABLEVISION INC P -40602 MISC AMOUNTS SUB PAID FOR PARENT CITIZENS CABLEVISION INC S -2043435 SUB'S REVENUE COLLECTED BY PARENT CITIZENS CABLEVISION INC R 1157316 AMOUNT PARENT PAID TO SUB SELECTEC INC Q 2072 A/P INVOICES PARENT PAID FOR SUB SELECTEC INC O 50453 LABOR PARENT PAID FOR SUB SELECTEC INC A 5160 RENT SUB OWES TO PARENT SELECTEC INC R -10705 MISC CASH PARENT OWES SUB SELECTEC INC S -65124 SUB'S REVENUE COLLECTED BY PARENT SELECTEC INC R 382691 AMOUNT PARENT PAID TO SUB SELECTEC INC P -364104 A/P SUB PAID FOR PARENT