2023-05-11T10:16:23-05:00 2022-12-31 610420207 JONES NALE & MATTINGLY PLC 401 WEST MAIN STREET SUITE 1100 LOUISVILLE KY 40202 990 2022-01-01 610461840 PEOPLES RURAL TELEPHONE COOPERATIVE CORPORATION PEOP 6062877101 PO BOX 159 MCKEE KY 40447 KEITH GABBARD GENERAL MANAGER 6062877101 2023-05-10 1 KEITH GABBARD 999009999 0 JONATHON D EADE P01254533 5025830248 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z KEITH GABBARD PO BOX 159 MCKEE KY 40447 21635112 0 X WWW.PRTCNET.ORG X 1950 KY PROVIDE TELEPHONE SERVICE TO MEMBER OWNERS ON A PATRONAGE BASIS. SERVE AN AVERAGE OF APPROXIMATELY 6,300 CUSTOMERS ON A MONTHLY BASIS. 7 7 64 0 2554068 1025412 0 0 19528788 19081044 957422 0 3868302 2554068 24354512 21635112 0 0 4818809 393777 5762109 5073353 0 0 0 13773594 16167982 24354512 21635112 0 0 99458138 100485904 17725524 22519421 81732614 77966483 PROVIDE TELEPHONE SERVICE TO MEMBER OWNERS ON A PATRONAGE BASIS. SERVE AN AVERAGE OF APPROXIMATELY 6,300 CUSTOMERS ON A MONTHLY BASIS. 0 0 21635112 PROVIDE TELEPHONE SERVICE TO MEMBER OWNERS ON A PATRONAGE BASIS. SERVE AN AVERAGE OF APPROXIMATELY 6,300 CUSTOMERS ON A MONTHLY BASIS 21635112 0 0 0 0 0 0 0 0 0 1 0 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 0 0 1 0 0 1 37 0 1 64 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 0 1 1 1 0 X X CHRISTINE DUNCAN CFO 6062877101 PO BOX 159 MCKEE KY 40447 ARMEL DAVIDSON DIRECTOR 5.00 X 7132 0 0 DON BARRETT DIRECTOR 5.00 X 42737 0 0 PATRICIA HENDERSON DIRECTOR 5.00 X 14371 0 0 GARY CORNETT SECRETARY 5.00 X X 6058 0 0 NELSON BOBROWSKI TREASURER 5.00 X X 32631 0 0 WENDELL GABBARD VICE PRESIDENT 5.00 X X 29506 0 0 KENDELL NORRIS PRESIDENT 5.00 X X 7929 0 0 KEITH GABBARD CEO 40.00 X 181209 0 44134 MICHAEL STIDHAM OPERATIONS MGR 40.00 X 124134 0 58652 JASON LAMB SOFTWARE ENGINEER/IT 40.00 X 135286 0 58298 CHRISTINE DUNCAN CFO 40.00 X 118191 0 50001 699184 0 211085 4 0 1 0 0 LOCAL TOLL AND INTERNET 517000 12429480 12429480 ACCESS REVENUES 517000 6651564 6651564 19081044 EAST KY NETWORK, LLC 517000 1707838 1707838 PEOPLES TELECOM, LLC 517000 798824 798824 JOINT USE ATTACHMENTS 517000 39660 39660 7746 7746 2554068 21635112 19081044 2554068 0 393777 393777 321573 321573 2541540 2541540 539950 539950 1406308 1406308 263982 263982 29502 29502 26283 26283 943571 943571 3546739 3546739 62250 62250 PLANT SPECIFIC 4399181 4399181 VIDEO TO THE HOME 3222050 3222050 CORPORATE OPERATIONS 1894887 1894887 LONG DISTANCE EXPENSES 1886294 1886294 157225 157225 21635112 21635112 0 0 8444591 2619791 11324532 9739877 377573 2848962 3299481 6699397 178879 296315 68462675 38892852 30825287 29569823 45007795 48711739 99458138 100485904 997693 488857 4285973 3940820 12441858 18089744 17725524 22519421 X 233191 236584 -1837581 -5680779 83337004 83410678 81732614 77966483 99458138 100485904 X 0 -3766131 X X 0 1 X 1 0 597230 597230 67865445 38892852 28972593 29569823 DEFERRED PLANT RETIREMENT 542485 EAST KY NETWORK, LLC 33427758 NON OPERATING PROPERTY 1552050 PEOPLES TELECOM, LLC 13189446 48711739 ACCRUED EXPENSES 927811 ACCUMULATED POST RETIREMENT BENEFITS 14528933 DEFERRED TAX LIABILITY 2633000 18089744 X PART X, LINE 2: THE COOPERATIVE'S ACCOUNTING POLICY PROVIDES THAT A TAX EXPENSE/BENEFIT FROM AN UNCERTAIN TAX POSITION MAY BE RECOGNIZED WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION, INCLUDING RESOLUTIONS OF ANY RELATED APPEALS OR LITIGATION PROCESSES, BASED ON THE TECHNICAL MERITS. MANAGEMENT BELIEVES THE COOPERATIVE HAS NO UNCERTAIN TAX POSITIONS RESULTING IN AN ACCRUAL OF TAX EXPENSE OR BENEFIT. 0 0 0 0 0 0 0 0 0 KEITH GABBARD CEO 181209 0 0 0 0 0 0 0 44134 0 225343 0 0 0 JASON LAMB SOFTWARE ENGINEER/IT 135286 0 0 0 0 0 0 0 58298 0 193584 0 0 0 MICHAEL STIDHAM OPERATIONS MGR 124134 0 0 0 0 0 0 0 58652 0 182786 0 0 0 CHRISTINE DUNCAN CFO 118191 0 0 0 0 0 0 0 50001 0 168192 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 MUST BE A MEMBER TO RECEIVE TELEPHONE SERVICE. EACH MEMBER HAS 1 VOTE. MAY HAVE MORE THAN 1 SERVICE PER MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7A NOMINATING COMMITTEE MEETS EVERY YEAR TO SELECT MEMBER TO RUN FOR DIRECTOR. MEMBER MAY RUN FOR DIRECTOR POSITION WITH PETITION SIGNED BY 160 OR MORE ELIGIBLE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B ARTICLES OF INCORPORATION CAN ONLY BE CHANGED BY A MAJORITY MEMBERSHIP. THE BY LAWS MAY BE ALTERED, AMENDED OR REPEALED BY THE BOARD OF DIRECTORS AT ANY REGULAR OR SPECIAL BOARD MEETING BY A MAJORITY VOTE OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B NO REVIEW WAS OR WILL BE CONDUCTED FORM 990, PART VI, SECTION B, LINE 12C DIRECTORS AND KEY EMPLOYEES ANNUALLY COMPLETE QUESTIONNAIRE ON FAMILY AND BUSINESS RELATIONSHIPS. FORM 990, PART VI, SECTION B, LINE 15 15A & B. BOARD OF DIRECTORS REVIEW AND APPROVE COMPENSATION OF EMPLOYEES, INCLUDING KEY EMPLOYEES, USING DATA PROVIDED BY STATE AND NATIONAL ORGANIZATION SURVEYS OF TELEPHONE COMPANIES. FORM 990, PART VI, SECTION C, LINE 19 COPY OF ARTICLES OF INCORPORATION AND BY LAWS ARE GIVEN TO EACH NEW MEMBER. BY LAWS ARE PUBLISHED ANNUALLY IN THE TELEPHONE DIRECTORY GIVEN TO EACH MEMBER. FINANCIAL STATEMENTS ARE PUBLISHED ANNUALLY IN NEWSLETTER GIVEN TO EACH MEMBER. AN ANNUAL MEMBERSHIP IS HELD EVERY YEAR. ANNUAL FINANCIAL INFORMATION IS ALSO AVAILABLE ON THE KENTUCKY PUBLIC SERVICE COMMISSION WEBSITE. FORM 990, PART XI, LINE 9: COMPREHENSIVE INCOME POST RETIREMENT BENEFITS -3,496,073. MEMBERSHIPS ISSUED 3,393. REFUNDS OF CAPITAL CREDITS -320,104. MARGINS ALLOCATED TO MEMBERS 393,777. COMPREHENSIVE INCOME SECURITIES -347,124. FORM 990, PART XII, LINE 2C: NO CHANGES FROM PRIOR YEAR. PEOPLES TELECOM PO BOX 159 MCKEE KY 40447 861121664 CABLE TV KY 798824 EAST KENTUCKY NETWORK 101 TECHNOLOGY IVEL KY 41642 611181339 CELLULAR SERVICE KY 224368 0 0 0.20000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0