2025-10-08T09:58:51-05:00 2024-12-31 582475857 NICHOLS CAULEY & ASSOCIATES LLC 1300 BELLEVUE AVENUE DUBLIN GA 310214152 990 2024-01-01 580672930 PROGRESSIVE RURAL TELEPHONE COOPERATIVE INC PROG 4789844201 PO BOX 98 RENTZ GA 31075 RON CHAMBERS GENERAL MANAGER 4789844201 2025-10-07 1 0 GREGORY M CHAPMAN P01019632 4782751163 2025-10-07 2024 2025-03-06 01:10:19Z LARRY SANDERS 560 LARRY SANDERS ROAD CHESTER GA 31012 13519746 0 X www.progressivetel.com X 1953 GA Our mission is to be our Members' total communications provider by providing quality services at the best prices. 8 8 30 0 0 0 0 0 12020568 11994487 87374 189553 945723 1335706 13053665 13519746 0 0 0 0 299011 322999 0 0 0 9204106 9052438 9503117 9375437 3550548 4144309 38393058 40932774 7658436 6545749 30734622 34387025 Our mission is to be our Members' total communications provider by providing quality services at the best prices. 0 0 9375437 13330194 The Cooperative provides telecommunications services to its member subscribers in a five county, 500 square mile, unserved, primarily rural area in southeast Georgia. The Cooperative is a rural telephone cooperative that qualifies under IRC Section 501(c)(12) that has at least 85% of its gross income consisting of amounts collected from Members for the sole purpose of meeting losses and expenses. 9375437 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 1 0 0 1 23 0 30 1 0 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 1 1 1 1 1 0 0 0 0 0 0 1 1 0 GA X RONALD L CHAMBERS 4789844201 890 SIMPSON AVENUE RENTZ GA 31075 LARRY SANDERS DIRECTOR 2.00 X X 21516 11304 0 KENNON SMITH DIRECTOR 2.00 X X 21516 7200 0 SHIRLEY WILLIS DIRECTOR 2.00 X 21516 7200 0 Hilton Culpepper DIRECTOR 2.00 X 3600 7200 0 LARRY A WINDHAM DIRECTOR 2.00 X X 19272 6600 0 EMORY ANDERSON DIRECTOR 2.00 X 19572 8001 0 Douglas T Ward DIRECTOR 2.00 X 19572 7200 0 Dan Rowe DIRECTOR 2.00 X 19572 7200 0 RONALD L CHAMBERS GENERAL MANAGER 40.00 X 176863 0 0 322999 61905 0 1 0 1 0 0 UNREGULATED REVENUES 517000 5588377 5588377 NETWORK ACCESS SERVICE 517000 5511991 5511991 LOCAL NETWORK SERVICES 517000 882648 882648 CARRIER BILLING & COLLECTION REV 517000 11471 11471 11994487 189553 189553 MISCELLANEOUS REVENUE 517000 1335706 1335706 1335706 13519746 13330193 0 189553 322999 22981 41465 61897 16864 104797 2234465 26967 NONREGULATED EXPENSE 2667841 PLANT SPECIFIC OPERATIO 1666052 CUSTOMER OPERATIONS 758350 CORPORATE OPERATIONS 674297 776462 9375437 6181760 9026927 873628 913152 5344336 4539687 530553 525678 268278 214174 57150946 38134248 19443158 19016698 5751345 6696458 38393058 40932774 1234534 1308898 571559 579184 2616567 2436256 3235776 2221411 7658436 6545749 X 0 0 23229 21659 30711393 34365366 30734622 34387025 38393058 40932774 X 4144309 -491906 X X 0 1 X 1 0 92176 92176 1242352 1242352 0 54332936 36891896 17441040 1483482 1483482 19016698 DEFERRED COMPENSATION ASSETS 37342 INVESTMENT IN WHOLLY OWNED SUBSIDIARY 6368716 PREFUNED PENSION PLAN 290400 6696458 CUSTOMER DEPOSITS 95251 ACCRUED TAXES 181878 OTHER CURRENT LIABILITIES 462379 ACCRUED POSTRETIREMENT BENEFITS 1444561 DEFERRED COMPENSATION LIABILITIES 37342 2221411 X 13519746 0 13519746 0 13519746 9375437 0 9375437 0 9375437 Part X, Line 2: The Notes to Consolidated Financial Statements include a disclosure that states "the Cooperative and Subsidiary believe appropriate support exists for any tax positions taken, and as such, do not have any uncertain tax positions that are material to the consolidated financial statements". X 0 0 0 RONALD L CHAMBERS GENERAL MANAGER 176863 0 0 0 0 0 0 0 0 0 176863 0 0 0 Form 990, Part VI, Section A, line 6 The Cooperative is a member owned cooperative. To receive service, you must make application and purchase a $10 membership. The Cooperative had approximately 5,100 members at December 31, 2024. Form 990, Part VI, Section A, line 7a The Members of the Cooperative elect the Board of Directors (the Board) at the Cooperative's Annual Meeting held in October each year. The Members are the only ones allowed to vote in the annual Board election. Form 990, Part VI, Section A, line 7b Certain decisions, such as the sale of the Cooperative, are subject to approval by the Members of the Cooperative at an Annual Meeting or Called Meeting held for such purpose. Form 990, Part VI, Section B, line 11b Management and the Board of Directors reviewed the Cooperative's Form 990 with the Board's accountant prior to filing the Form 990. Form 990, Part VI, Section B, line 15 All salaries are approved by the Board of Directors. Management obtains as much information as possible from other surrounding telephone cooperatives and supplements this information with annual salary information published by the National Telecommunications Cooperative Association. Form 990, Part VI, Section C, line 19 The Cooperative makes its governing documents, conflicts of interest policy, and financial statements available to the public at its home office upon receipt of a reasonable request. The Cooperative distributes at its Annual Meeting a two page copy of its balance sheet and income statement taken from its annual audited financial statements. Form 990, Part XI, line 9: Memberships refunded, net -1,570. Other comprehensive margins 624,438. Retirement of members' patronage capital -1,114,774. See explanation below The Cooperative's process has not changed since the prior year. The Board of Directors and its designees assume responsibility for oversight of the Cooperative's financial audits and the selection of the Cooperative's audit firm. PROGRESSIVE HOLDING CO PO BOX 98 RENTZ GA 31075 581900817 TELECOMMUNICATIONS RELATED INVESTMENTS AND SERVICES GA N/A C 1042983 6367716 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0