2024-10-10T15:57:22-05:00 2023-12-31 910189318 MOSS ADAMS LLP 601 W RIVERSIDE AVENUE STE 1800 SPOKANE WA 99201 990 2023-01-01 620513986 DEKALB TELEPHONE COOPERATIVE INC DEKA 8003674274 PO BOX 247 ALEXANDRIA TN 37012 CHRISTOPHER TOWNSON CEO 8003674274 2024-10-04 1 0 CHERI R BURNHAM CPA P00055324 5097472600 2024-10-04 2023 2024-10-15 13:58:12Z DTC COMMUNICATIONS CHRISTOPHER TOWNSON PO BOX 247 ALEXANDRIA TN 37012 26316366 0 X WWW.DTCCOM.NET X 1951 TN TO PROVIDE WORLD-CLASS BROADBAND AND TECHNOLOGY SOLUTIONS TO IMPROVE THE QUALITY OF LIFE OF OUR MEMBERS AND THE REGIONS WE SERVE. 10 10 49 0 295843 0 0 0 27801681 24746842 151489 149887 3821317 1419637 31774487 26316366 0 0 5022450 0 1090053 1129597 0 0 0 21982098 24065579 28094601 25195176 3679886 1121190 115498071 122025044 63462901 69866192 52035170 52158852 TO PROVIDE WORLD-CLASS BROADBAND AND TECHNOLOGY SOLUTIONS TO IMPROVE THE QUALITY OF LIFE OF OUR MEMBERS AND THE REGIONS WE SERVE. 0 0 DEKALB TELEPHONE COOPERATIVE, INC. PROVIDED A VARIETY OF TELECOMMUNICATION SERVICES TO ITS MEMBERS THAT ARE PRIMARILY LOCATED IN ALEXANDRIA, AUBURNTOWN, GORDONSVILLE, LIBERTY, MILTON, NORENE, SMITHVILLE, TEMPERANCE HALL, WOODBURY, AND WOODLAND (TENNESSEE). THESE SERVICES INCLUDED WIRELESS SERVICE, INTERNET ACCESS, HIGH SPEED DATA SERVICES, SPECIAL CALLING FEATURES, VOICE MAIL, LONG DISTANCE AND DTC TV SERVICE. DEKALB TELEPHONE COOPERATIVE, INC. CONTINUED BUILD OUT OF ITS FIBER NETWORK, WHICH PROVIDES HIGH SPEED BROADBAND SERVICES TO COOPERATIVE MEMBERS. THE COMPLETION OF THE FIBER NETWORK IS PROJECTED FOR ALL COOPERATIVE MEMBERS BY 2025. 0 0 0 0 0 0 0 0 0 1 0 1 0 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 1 0 0 1 88 0 1 49 1 1 1 0 0 0 0 16080798 2065915 0 0 0 X 10 10 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X JOE MITCHELL 8003674274 111 HIGH STREET ALEXANDRIA TN 37012 JAMES VINSON DIRECTOR 5.00 5.00 X 30047 10150 0 RANDY CAMPBELL DIRECTOR / TREASURER 5.00 5.00 X X 29149 8050 0 BENNIE CURTIS DIRECTOR / PRESIDENT 5.00 5.00 X X 25467 13892 0 KURT BASS DIRECTOR 5.00 5.00 X 21825 7350 0 RONNIE GARRISON DIRECTOR 5.00 5.00 X 21504 8400 0 DAVID PARKER DIRECTOR 5.00 5.00 X 21254 6650 0 KATHY PUGH DIRECTOR 5.00 5.00 X 11688 10500 0 JAMES DILLARD DIRECTOR / VICE-PRESIDENT 5.00 5.00 X X 11338 8050 0 TERRY MCPEAK DIRECTOR / SECRETARY 5.00 5.00 X X 4565 11771 0 BRIAN ALEXANDER DIRECTOR 5.00 5.00 X 1994 9800 0 STEVE JOHNSON PLANT MANAGER 55.00 X 138584 0 38553 CHRISTOPHER TOWNSON CEO 65.00 X 346740 0 46358 ED MASSEY IT / CO MANAGER 55.00 X 139956 0 30004 JOE MITCHELL CONTROLLER 55.00 X 123853 0 27326 BRENT ADCOCK ENGINEERING MANAGER 55.00 X 116581 0 38631 JANNIE MULASKI MARKETING MANAGER 55.00 X 112509 0 34213 ANITA PATRICK HR MANAGER 55.00 X 117224 0 28868 SABRINA CARUTHERS CUSTOMER EXPERIENCE MANAGER 55.00 X 101892 0 19020 1376170 94613 262973 7 0 1 0 RED STAG CONTRACTORS LLC 358 5TH AVE SOUTH BAXTER TN 38544 TELEPHONE LINE CONSTRUCTION 11894381 PALMETTO ENGINEERING LLC 3504 - 320 HIGHWAY 153 GREENEVILLE SC 29611 ENGINEERING CONSULTING 2598303 BILLY F HOUSE JR 804 NEW HOME ROAD DOWELLTOWN TN 37059 TELEPHONE LINE CONSTRUCTION 881712 CROSSCONNECT ENGINEERING 1155 KELLY JOHNSON BLVD SUITE 460 COLORADO SPRINGS CO 80920 ENGINEERING CONSULTING 736482 E & E FIBER LLC 775 DR JENNINGS ROAD ROCK ISLAND TN 38581 FIBER ELECTRONICS INSTALLATIONS 562368 27 TELECOMMUNICATION REVENUE 517000 24612641 24612641 POLE RENTAL INCOME 900099 134201 134201 24746842 149887 149887 2604 0 2604 2604 2604 AFFILIATE INCOME 523000 1121190 1121190 TECH TEAM REVENUE 541519 197151 197151 DIRECTORY REVENUE 541800 98692 98692 1417033 26316366 24612641 295843 1407882 1129597 1852387 7769603 PLANT SPECIFIC OPERATIO 5548066 CUSTOMER OPERATIONS 2714265 NONREGULATED 2508597 CORPORATE OPERATIONS 1919401 1753260 25195176 9663338 1179352 5178464 3800048 4202821 4423335 2783605 593811 590708 174513092 83998925 80465614 90514167 16009196 17056102 487847 487847 54882 31978 115498071 122025044 5916855 7325982 45299294 49822120 12246752 12718090 63462901 69866192 X 0 0 0 0 52035170 52158852 52035170 52158852 115498071 122025044 X 1121190 -997508 X 0 1 X 1 0 888096 888096 7346644 5623272 1723372 155622811 78375653 77247158 10655541 10655541 90514167 INVESTMENT IN FIRST CHOICE 246825 C INVESTMENT IN T.I.T.G. 2255987 C INVESTMENT IN ADVANTAGE CELLULAR SYSTEMS, INC. 14553290 C 17056102 POSTRETIREMENT BENEFITS OTHER THAN PENSION 12521492 CUSTOMER DEPOSITS 164620 OPERATING LEASE OBLIGATION 31978 12718090 X PART X, LINE 2: THE COOPERATIVE RECORDS UNCERTAIN TAX POSITIONS IF THE LIKELIHOOD THE POSITION WILL BE SUSTAINED UPON EXAMINATION IS LESS THAN 50%. AS OF DECEMBER 31, 2023 AND 2022, THE COOPERATIVE HAD NO ACCRUED AMOUNTS RELATED TO UNCERTAIN TAX POSITIONS. INTEREST AND PENALTIES, IF ANY, ARE RECORDED AS INTEREST EXPENSE AND OTHER EXPENSE, RESPECTIVELY. IN 2023 AND 2022, THE COOPERATIVE QUALIFIED AS A TAX-EXEMPT ENTITY BECAUSE MORE THAN 85% OF GROSS REVENUES WERE FROM THE COOPERATIVE MEMBERS. TAXES ARE COMPUTED ON INCOME UNRELATED TO THE COOPERATIVE'S EXEMPT PURPOSE. THE COOPERATIVE'S SUBSIDIARIES ARE TAXABLE FOR BOTH FEDERAL AND STATE INCOME TAX PURPOSES AND FILE SEPARATE TAX RETURNS. DEFERRED TAXES ARE PROVIDED ON A LIABILITY METHOD, WHEREBY DEFERRED TAX ASSETS ARE RECOGNIZED FOR FUTURE DEDUCTIBLE TEMPORARY DIFFERENCES AND DEFERRED TAX LIABILITIES ARE RECOGNIZED FOR FUTURE TAXABLE TEMPORARY DIFFERENCES. TEMPORARY DIFFERENCES ARE THE DIFFERENCES BETWEEN THE REPORTED AMOUNTS OF ASSETS AND LIABILITIES AND THEIR TAX BASIS. DEFERRED TAX ASSETS ARE REDUCED BY A VALUATION ALLOWANCE WHEN, IN THE OPINION OF MANAGEMENT, IT IS MORE LIKELY THAN NOT THAT SOME PORTION OF ALL OF THE DEFERRED TAX WILL NOT BE REALIZED. DEFERRED TAX ASSETS AND LIABILITIES ARE ADJUSTED FOR THE EFFECTS OF CHANGES IN TAX LAWS AND RATES ON THE DATE OF ENACTMENT. X 1 1 X X 0 0 0 CHRISTOPHER TOWNSON CEO 296740 0 50000 0 0 0 14339 0 32019 0 393098 0 0 0 STEVE JOHNSON PLANT MANAGER 128478 0 10106 0 0 0 8258 0 30295 0 177137 0 0 0 ED MASSEY IT / CO MANAGER 128043 0 11913 0 0 0 6803 0 23201 0 169960 0 0 0 BRENT ADCOCK ENGINEERING MANAGER 106574 0 10007 0 0 0 8606 0 30025 0 155212 0 0 0 JOE MITCHELL CONTROLLER 113346 0 10507 0 0 0 4890 0 22436 0 151179 0 0 0 PART I, LINE 1A THE FOLLOWING AMOUNTS WERE INCLUDED IN EACH OF THE RESPECTIVE DIRECTORS' COMPENSATION AS IT RELATES TO TRAVEL FOR COMPANIONS: BRIAN ALEXANDER - $620 BENNIE CURTIS - $2,122 TERRY MCPEAK - $1,834 JAMES VINSON - $598 FORM 990, PART VI, SECTION A, LINE 6 DEKALB TELEPHONE COOPERATIVE, INC. 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 MEMBERS ELECT THE GOVERNING BODY (BOARD OF DIRECTORS) AT THE ANNUAL MEETING ON AN ANNUAL BASIS TO SERVE THREE YEAR TERMS. 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 B, LINE 11B THE CHIEF EXECUTIVE OFFICER AND CONTROLLER REVIEWED A COMPLETED COPY OF THE FORM 990. A COPY OF THE FORM 990 WAS THEN PRESENTED BY A MEMBER OF THE DEKALB TELEPHONE COOPERATIVE, INC. STAFF TO THE BOARD OF DIRECTORS AT A BOARD MEETING PRIOR TO FILING THE FORM WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE WRITTEN CONFLICT OF INTEREST POLICY IS REGULARLY REVIEWED BY KEY EMPLOYEES AND MANAGEMENT AND AMENDED BY BOARD AS NEEDED. DIRECTORS, OFFICERS, AND KEY EMPLOYEES ADHERE TO THE POLICY BY EXCUSING THEMSELVES FROM ACTION, INPUT, DISCUSSION, AND VOTE ON ISSUES WHEREIN THE POTENTIAL OF A CONFLICT EXISTS. ON AN ANNUAL BASIS, EMPLOYEES AND DIRECTORS ARE ASKED TO DISCLOSE ANY FORM OF STOCK OWNERSHIP FROM A LIST OF VENDORS. IF THE OWNERSHIP OF THE STOCK IS CONSIDERED TO BE A CONFLICT OF INTEREST, THE INDIVIDUAL WILL BE REQUIRED TO DISPOSE OF THE STOCK. IF THE OWNERSHIP IS NOT CONSIDERED A CONFLICT OF INTEREST, WRITTEN NOTIFICATION OF SUCH WILL BE GIVEN TO THE INDIVIDUAL. FORM 990, PART VI, SECTION B, LINE 15 IN CONSIDERING COMPENSATION RANGES FOR THE REFERENCED EMPLOYEES, THE BOARD OF DIRECTORS REVIEWED COMPARABILITY DATA AND RELATED INFORMATION IN THE INDUSTRY TO ASSIST THEM IN SETTING COMPENSATION. COMPENSATION RANGES ARE REVIEWED ANNUALLY THROUGH THE BUDGETING PROCESS. THE CEO'S COMPENSATION IS SET DIRECTLY AND ALL OTHER COMPENSATION IS APPROVED HOLISTICALLY THROUGH THE BUDGETING PROCESS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS OF THE COOPERATIVE ARE AVAILABLE UPON REQUEST. THE BYLAWS ARE ALSO AVAILABLE ON THE COOPERATIVE'S WEBSITE. FINANCIAL STATEMENTS ARE MAILED TO EACH MEMBER IN THE ANNUAL REPORT EACH YEAR. OTHER FINANCIAL INFORMATION IS MADE AVAILABLE FOR REVIEW BY MEMBERS UPON PROPER REQUEST. CONFLICT OF INTEREST POLICY IS MADE AVAILABLE FOR REVIEW BY MEMBER UPON PROPER REQUEST. FORM 990, PART XI, LINE 9: RETIREMENT OF CAPITAL CREDITS -510,489. INCOME OF SUBSIDIARY - EQUITY METHOD -799,804. ASSIGNMENT OF NET MARGINS TO MEMBERS 372,196. POSTRETIREMENT BENEFITS 14,873. BOOK TO TAX ADJUSTMENT FOR PASSTHROUGH ENTITY -74,284. ADVANTAGE CELLULAR SYSTEMS INC PO BOX 247 ALEXANDRIA TN 37012 621459553 CELLULAR SERVICE TN DEKALB TELEPHONE COOPERATIVE C 10731883 18707700 1.00000 1 FIRST CHOICE SECURITY INC PO BOX 247 ALEXANDRIA TN 37012 464642258 SECURITY SERVICES TN DEKALB TELEPHONE COOPERATIVE C 355982 383635 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 1 1 1 1 ADVANTAGE CELLULAR SYSTEMS INC L 69168 ACTUAL