Liabilities / Assets
14th percentile
Higher debt load relative to assets than 14% of similar nonprofits.
Highland Telephone Cooperative Inc
EIN 54-6007441 • 501(c)12 • Monterey, VA
Profile
HTC is a progressive communications company committed to providing its members maximum value through state-of-the-art voice and data services in a global environment by utilizing our highly skilled staff. Excellent customer service is our goal in all subscriber interactions.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.04x
Liabilities / Revenue
13th percentile
Higher debt load relative to revenue than 13% of similar nonprofits.
Net Margin
26th percentile
Higher net margin than 26% of similar nonprofits.
Top Officer Pay
67th percentile
Higher top officer pay than 67% of similar nonprofits.
Top officer pay equals 4.3% of source-year revenue.
Asset Growth
68th percentile
Faster asset growth than 68% of similar nonprofits.
Revenue Growth
25th percentile
Faster revenue growth than 25% of similar nonprofits.
Balance Sheet
Assets
Up$10,480,987
Up $739,847 (+7.6%) from 2023
Liabilities
Up$415,664
Up $1,345 (+0.3%) from 2023
Net Assets
Up$10,065,323
Up $738,502 (+7.9%) from 2023
Revenue
Down$3,200,965
Down $27,648 (-0.9%) from 2023
Expenses
Down$3,155,263
Down $40,146 (-1.3%) from 2023
Net Income
Up$45,702
Up $12,498 (+38%) from 2023
Trend Graphs
Filings
Most recent year
2024 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $10,480,987
- Liabilities
- $415,664
- Net assets
- $10,065,323
- Revenue
- $3,200,965
- Expenses
- $3,155,263
- Net income
- $45,702
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2024 to Dec 31, 2024
- Signed
- Oct 14, 2025
- Return Version
- 2024v5.2
- Gross Receipts
- $3,200,965
Mission and Program Overview
Mission
HTC is a progressive communications company committed to providing its members maximum value through state-of-the-art voice and data services in a global environment by utilizing our highly skilled staff. Excellent customer service is our goal in all subscriber interactions.
To provide telecommunication services to its members located in the cooperative's service area.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Rtn Earn Endowment Incm Other Fnds | $9,315,591 | $10,053,983 | ▲ $738,392 |
| Land, Buildings, and Equipment, Net | $7,261,494 | $7,390,216 | ▲ $128,722 |
| Savings and Temporary Cash Investments | $1,375,096 | $1,395,874 | ▲ $20,778 |
| Cash and Non-Interest-Bearing Accounts | $592,245 | $1,243,993 | ▲ $651,748 |
| Accounts Receivable | $285,961 | $272,409 | ▼ $13,552 |
| Inventories for Sale or Use | $135,108 | $83,376 | ▼ $51,732 |
| Investments Program Related | $68,883 | $71,920 | ▲ $3,037 |
| Prepaid Expenses and Deferred Charges | $13,223 | $14,069 | ▲ $846 |
| Cap Stk Tr Prin Current Funds | $11,230 | $11,340 | ▲ $110 |
| Investments Other Securities | $9,130 | $9,130 | → $0 |
| Pd in Cap Srpls Land Bldg Eqp Fund | $0 | $0 | → $0 |
| Total Assets | $9,741,140 | $10,480,987 | ▲ $739,847 |
| Liabilities | |||
| Other Liabilities | $331,865 | $332,215 | ▲ $350 |
| Deferred Revenue | $82,454 | $83,449 | ▲ $995 |
| Total Liabilities | $414,319 | $415,664 | ▲ $1,345 |
| Net Assets / Fund Balance | |||
| Total Net Assets Fund Balance | $9,326,821 | $10,065,323 | ▲ $738,502 |
| Total Liabilities and Net Assets / Fund Balance | $9,741,140 | $10,480,987 | ▲ $739,847 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | $6,904,381 | $7,313,128 | $14,217,509 |
| Buildings | $462,169 | $470,489 | $932,658 |
| Land | $23,666 | - | $23,666 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Chad Kimble | G.m. | FT | $104,032 | $32,521 | $136,553 |
| Denise Waybright | Secretary/Treasurer | FT | $52,180 | $16,936 | $69,116 |
| Garland Dever | Director/President | - | $1,750 | - | $1,750 |
| Carol Swecker | Director/ Vice President | - | $1,200 | - | $1,200 |
| Nancy Witschey | Director | - | $1,200 | - | $1,200 |
| Sarah Shifflett | Director | - | $1,100 | - | $1,100 |
| Troy Snead | Director | - | $1,000 | - | $1,000 |
| Bonnie Boykin | Director | - | $600 | - | $600 |
| Debbi Stephenson | Director | - | $600 | - | $600 |
Highest Paid Contractors
| Contractor | Services | Location | Compensation |
|---|---|---|---|
| ER Excavating & Utilities LLC | Installer of fiber optic network | PO BOX 1065, Moorefield, WV 26836 | $479,147 |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $0
- Program Service Revenue
- $3,150,981
- Investment Income
- $38,724
- Other Revenue
- $11,260
- Change in Net Assets
- $45,702
Audited Revenue Reconciliation
- Revenue per Audited Statements
- $3,200,965
- Revenue Not Reported on Financial Statements
- $0
- Revenue Not Reported on Form 990
- $0
- Total Revenue per Audited Statements
- $3,200,965
- Total Revenue per Form 990
- $3,200,965
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Other Expenses | $1,907,857 |
| Salaries, Compensation, and Employee Benefits | $213,120 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Benefits to Members | - | - | - | $1,034,286 |
| Depreciation Depletion | - | - | - | $650,734 |
| Current Officers, Directors, Trustees, and Key Employees | - | - | - | $213,120 |
| Other Expenses | - | - | - | $143,208 |
| All Other Expenses | - | - | - | $67,508 |
| Total Functional Expenses | $0 | $0 | $0 | $3,155,263 |
Audited Expense Reconciliation
| Line Item | Amount |
|---|---|
| Total Expenses per Form 990 | $3,155,263 |
| Expenses per Audited Statements | $2,120,977 |
| Total Expenses per Audited Statements | $2,120,977 |
| Expenses Not Reported on Financial Statements | $1,034,286 |
| Other Expense Adjustments | $1,034,286 |
| Expenses Not Reported on Form 990 | $0 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
Political and Lobbying Activity
- Political campaign activity
- No
- Subject to proxy tax
- No
Debt and Bond Financing
Other Reported Liabilities
| Liability | Amount |
|---|---|
| Patronage Dividends Payable | $325,000 |
| Customer Deposits | $7,215 |
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- No
- Annual disclosure for covered persons
- No
- Audit committee
- Yes
- Backup withholding compliance
- Yes
- Business relationship with 35% controlled entity
- No
- Business relationship with family members
- No
- Business relationship with organization members
- No
- Material changes to governing documents
- No
- Compensation from other sources disclosed
- No
- CEO compensation reviewed
- Yes
- Other officer compensation reviewed
- Yes
- Conflict-of-interest policy
- Yes
- Audited financial statements prepared
- No
- Key decisions subject to board approval
- Yes
- Management duties delegated
- No
Governance Explanations
Form 990, Part VI, Section A, line 6
“Highland 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
“The members of Highland Telephone Cooperative democratically elect six members to the board of directors who govern the cooperative on their behalf. These directors serve a term of three years and an election is held each year during the annual meeting. The terms are staggered so that no more than two directors are elected each year.”
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 articles of incorporation, and/or the cooperative's bylaws.”
Form 990, Part VI, Section B, line 11B
“Management reviewed the completed copy of the Form 990 before it was filed with the Internal Revenue Service. Also, members of the board of directors were provided a copy of the completed form 990 at a board meeting prior to filing the form with the Internal Revenue Service.”
Form 990, Part VI, Section B, line 15
“Utilizing salary data from the NTCA as well as the cooperative's financial data, the board of directors determines and approves compensation as well as raises for all employees.”
Form 990, Part VI, Section C, line 19
“These documents are available upon request at the Cooperative's headquarters located in Monterey, Virginia.”
Filing and Contact Details
Filer
- Filer Name
- Highland Telephone Cooperative Inc
- EIN
- 54-6007441
- Phone
- 5404682131
- Address
- PO Box 340, Monterey, VA 24465
Signing Officer
- Name
- Chad Kimble
- Title
- General Manager
- Phone
- 5404682131
- Signed
- 2025-10-14
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Chad Kimble
- Formed
- 1905
- Legal Domicile
- Va
- Voting Board Members
- 6
- Independent Board Members
- 6
- Employees
- 7
- Volunteers
- 0
Preparer
- Firm
- Jackson Thornton & Co PC
- Address
- PO Box 96, Montgomery, AL 36101-0096
- Preparer
- Richard B Compton
- Phone
- 3348347660
Supplemental Narrative
Additional Explanations
Form 990, Part IX, Line 4
“The instructions to the 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. Highland Telephone Cooperative has interpreted the words "patronage dividends paid" in the instructions to mean margins that are assigned or assignable to the members. Highland Telephone Cooperative assigns the net operating margins to its members each year. Therefore, the amount listed in Part IX, Line 4 represents the net operating margins assignable to the members for the calendar year.”
Form 990, Part XI, line 9:
“Retirement of Patronage Capital -341,596. Increase in Memberships 110. Patronage Allocations to Members - Operating Income 1,034,286.”
Form 990, Part XII, Line 2C
“The filing organization did not change its processes of oversight or selection for the year.”
Financial Statement Notes
Part X, Line 2:
“Income taxes - The Cooperative is exempt from income taxes under Section 501(c)(12) of the Internal Revenue Code. However, in any given year, if the Cooperative receives less than 85.0% of its total revenues from member services for purposes of the member income test under Section 501(c)(12), the Cooperative loses its tax-exempt status for that year. With few exceptions, the Cooperative is no longer subject to income tax examinations by the federal, state, or local tax authorities for the years before 2019. Management evaluated the Cooperative's tax positions and concluded that the Cooperative had taken no uncertain tax positions that require adjustment to the financial statements.”
Part XII, Line 4B - Other Adjustments:
“Net operating margins assigned to members 1,034,286. Revenue on 990 netted to Expenses on Financial Statements”
Raw XML Appendix386 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990/AccountantCompileOrReviewInd | 0 | 0 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 285961 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 272409 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | To provide telecommunication services to its members located in the cooperative's service area. |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 67508 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | 0 |
| IRS990/AuditCommitteeInd | 0 | 1 |
| IRS990/BackupWthldComplianceInd | 0 | 1 |
| IRS990/BenefitsToMembersGrp/TotalAmt | 0 | 1034286 |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | Denise Waybright |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 5404682131 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 392 Potomac River Road |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | Monterey |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | VA |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 24465 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | 0 |
| IRS990/BusinessRlnWithFamMemInd | 0 | 0 |
| IRS990/BusinessRlnWithOrgMemInd | 0 | 0 |
| IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt | 0 | 11230 |
| IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt | 0 | 11340 |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 592245 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 1243993 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 1 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 213120 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 1 |
| IRS990/CompensationProcessOtherInd | 0 | 1 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 1 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 0 |
| IRS990/ContractorCompensationGrp/CompensationAmt | 0 | 479147 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt | 0 | PO BOX 1065 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm | 0 | Moorefield |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd | 0 | WV |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd | 0 | 26836 |
| IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt | 0 | ER Excavating & Utilities LLC |
| IRS990/ContractorCompensationGrp/ServicesDesc | 0 | Installer of fiber optic network |
| IRS990/CreditCounselingInd | 0 | 0 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 1034286 |
| IRS990/CYContributionsGrantsAmt | 0 | 0 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 38724 |
| IRS990/CYOtherExpensesAmt | 0 | 1907857 |
| IRS990/CYOtherRevenueAmt | 0 | 11260 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 3150981 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 45702 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 213120 |
| IRS990/CYTotalExpensesAmt | 0 | 3155263 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 3200965 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 1 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DeferredRevenueGrp/BOYAmt | 0 | 82454 |
| IRS990/DeferredRevenueGrp/EOYAmt | 0 | 83449 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 0 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 650734 |
| IRS990/Desc | 0 | Highland Telephone Cooperative provided a variety of telecommunication services to approximately 1,100 members located in Highland County, Virginia. |
| IRS990/DescribedInSection501c3Ind | 0 | 0 |
| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 0 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 1 |
| IRS990/EmployeeCnt | 0 | 7 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | 1 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 0 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 8 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 7 | 32521 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 8 | 16936 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | Sarah Shifflett |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | Carol Swecker |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | Garland Dever |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | Debbi Stephenson |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | Nancy Witschey |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | Troy Snead |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | Bonnie Boykin |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | Chad Kimble |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | Denise Waybright |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 1100 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 1200 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 1750 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 600 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 1200 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 1000 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 600 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 7 | 104032 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 8 | 52180 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | Director/ Vice President |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | Director/President |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | G.M. |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | Secretary/Treasurer |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/Form990TFiledInd | 0 | 1 |
| IRS990/FormationYr | 0 | 1905 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | 1 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 6 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 0 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossReceiptsAmt | 0 | 3200965 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 1 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 1 |
| IRS990/IndependentVotingMemberCnt | 0 | 6 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 1 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartIXInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIInd | 0 | X |
| IRS990/InventoriesForSaleOrUseGrp/BOYAmt | 0 | 135108 |
| IRS990/InventoriesForSaleOrUseGrp/EOYAmt | 0 | 83376 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 38724 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 38724 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt | 0 | 9130 |
| IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt | 0 | 9130 |
| IRS990/InvestmentsProgramRelatedGrp/BOYAmt | 0 | 68883 |
| IRS990/InvestmentsProgramRelatedGrp/EOYAmt | 0 | 71920 |
| IRS990/IRPDocumentCnt | 0 | 13 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 7783617 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 7261494 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 7390216 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 15173833 |
| IRS990/LegalDomicileStateCd | 0 | VA |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersAndShrGrossIncomeAmt | 0 | 1285711 |
| IRS990/MembersOrStockholdersInd | 0 | 1 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 1 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | HTC is a progressive communications company committed to providing its members maximum value through state-of-the-art voice and data services in a global environment by utilizing our highly skilled staff. Excellent customer service is our goal in all subscriber interactions. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 9326821 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 10065323 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501cInd | 0 | X |
| IRS990/OrgDoesNotFollowFASB117Ind | 0 | X |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 692800 |
| IRS990/OtherExpensesGrp/Desc | 0 | Plant Specific Operatio |
| IRS990/OtherExpensesGrp/Desc | 1 | Nonregulated Operations |
| IRS990/OtherExpensesGrp/Desc | 2 | Corporate Operations |
| IRS990/OtherExpensesGrp/Desc | 3 | Customer Operations |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 518988 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 332636 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 194783 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 143208 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 331865 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 332215 |
| IRS990/OtherRevenueMiscGrp/BusinessCd | 0 | 513140 |
| IRS990/OtherRevenueMiscGrp/Desc | 0 | Directory Revenue |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 0 | 11260 |
| IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt | 0 | 11260 |
| IRS990/OtherRevenueTotalAmt | 0 | 11260 |
| IRS990/OtherSourcesGrossIncomeAmt | 0 | 49970 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt | 0 | 0 |
| IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt | 0 | 0 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 13223 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 14069 |
| IRS990/PrincipalOfficerNm | 0 | Chad Kimble |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 517000 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 1 | 517000 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 2 | 517000 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | Telephone Service Reve |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | Nonregulated Revenue |
| IRS990/ProgramServiceRevenueGrp/Desc | 2 | Patronage Allocations |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 2329929 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 1 | 814074 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 2 | 6978 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 2329929 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 814074 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 2 | 6978 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 740741 |
| IRS990/PYContributionsGrantsAmt | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/PYInvestmentIncomeAmt | 0 | 28587 |
| IRS990/PYOtherExpensesAmt | 0 | 2249514 |
| IRS990/PYOtherRevenueAmt | 0 | 10691 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 3189335 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 33204 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 205154 |
| IRS990/PYTotalExpensesAmt | 0 | 3195409 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 3228613 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 45702 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 0 |
| IRS990/RelatedEntityInd | 0 | 0 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 1 |
| IRS990/ReportOtherAssetsInd | 0 | 0 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 1 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt | 0 | 9315591 |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt | 0 | 10053983 |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 1375096 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 1395874 |
| IRS990/ScheduleBRequiredInd | 0 | 0 |
| IRS990ScheduleD/BuildingsGrp/BookValueAmt | 0 | 462169 |
| IRS990ScheduleD/BuildingsGrp/DepreciationAmt | 0 | 470489 |
| IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 932658 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 6904381 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 7313128 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 14217509 |
| IRS990ScheduleD/ExpensesNotReportedAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesNotRptFinclStmtAmt | 0 | 1034286 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 2120977 |
| IRS990ScheduleD/FootnoteTextInd | 0 | X |
| IRS990ScheduleD/LandGrp/BookValueAmt | 0 | 23666 |
| IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt | 0 | 23666 |
| IRS990ScheduleD/OtherExpensesNotIncludedAmt | 0 | 1034286 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 7215 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 1 | 325000 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | Customer Deposits |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 1 | Patronage Dividends Payable |
| IRS990ScheduleD/RevenueNotReportedAmt | 0 | 0 |
| IRS990ScheduleD/RevenueNotReportedFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 3200965 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | Income taxes - The Cooperative is exempt from income taxes under Section 501(c)(12) of the Internal Revenue Code. However, in any given year, if the Cooperative receives less than 85.0% of its total revenues from member services for purposes of the member income test under Section 501(c)(12), the Cooperative loses its tax-exempt status for that year. With few exceptions, the Cooperative is no longer subject to income tax examinations by the federal, state, or local tax authorities for the years before 2019. Management evaluated the Cooperative's tax positions and concluded that the Cooperative had taken no uncertain tax positions that require adjustment to the financial statements. |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 1 | Net operating margins assigned to members 1,034,286. Revenue on 990 netted to Expenses on Financial Statements |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Part X, Line 2: |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Part XII, Line 4b - Other Adjustments: |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 7390216 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 3155263 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 332215 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 3200965 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 3200965 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 2120977 |
| IRS990/ScheduleJRequiredInd | 0 | 0 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Highland 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | The members of Highland Telephone Cooperative democratically elect six members to the board of directors who govern the cooperative on their behalf. These directors serve a term of three years and an election is held each year during the annual meeting. The terms are staggered so that no more than two directors are elected each year. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | 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 articles of incorporation, and/or the cooperative's bylaws. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | Management reviewed the completed copy of the Form 990 before it was filed with the Internal Revenue Service. Also, members of the board of directors were provided a copy of the completed form 990 at a board meeting prior to filing the form with the Internal Revenue Service. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | Utilizing salary data from the NTCA as well as the cooperative's financial data, the board of directors determines and approves compensation as well as raises for all employees. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | These documents are available upon request at the Cooperative's headquarters located in Monterey, Virginia. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | The instructions to the 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. Highland Telephone Cooperative has interpreted the words "patronage dividends paid" in the instructions to mean margins that are assigned or assignable to the members. Highland Telephone Cooperative assigns the net operating margins to its members each year. Therefore, the amount listed in Part IX, Line 4 represents the net operating margins assignable to the members for the calendar year. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | Retirement of Patronage Capital -341,596. Increase in Memberships 110. Patronage Allocations to Members - Operating Income 1,034,286. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 8 | The filing organization did not change its processes of oversight or selection for the year. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990, Part VI, Section A, line 6 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990, Part VI, Section A, line 7a |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Form 990, Part VI, Section A, line 7b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Form 990, Part VI, Section B, line 11b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Form 990, Part VI, Section B, line 15 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | Form 990, Part VI, Section C, line 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | Form 990, Part IX, Line 4 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | Form 990, Part XI, line 9: |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 8 | Form 990, Part XII, Line 2c |
| IRS990/SchoolOperatingInd | 0 | 0 |
| IRS990/SignificantChangeInd | 0 | 0 |
| IRS990/SignificantNewProgramSrvcInd | 0 | 0 |
| IRS990/SubjectToExcsTaxNetInvstIncInd | 0 | 0 |
| IRS990/SubjectToProxyTaxInd | 0 | 0 |
| IRS990/SubjToTaxRmnrtnExPrchtPymtInd | 0 | 0 |
| IRS990/TaxablePartyNotificationInd | 0 | 0 |
| IRS990/TaxExemptBondsInd | 0 | 0 |
| IRS990/TerminateOperationsInd | 0 | 0 |
| IRS990/TotalAssetsBOYAmt | 0 | 9741140 |
| IRS990/TotalAssetsEOYAmt | 0 | 10480987 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 9741140 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 10480987 |
| IRS990/TotalCompGreaterThan150KInd | 0 | 0 |
| IRS990/TotalEmployeeCnt | 0 | 7 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 3155263 |
| IRS990/TotalGrossUBIAmt | 0 | 11260 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 414319 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 415664 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 414319 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 415664 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 9326821 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 10065323 |
| IRS990/TotalOtherCompensationAmt | 0 | 49457 |
| IRS990/TotalProgramServiceRevenueAmt | 0 | 3150981 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 163662 |
| IRS990/TotalRevenueGrp/ExclusionAmt | 0 | 38724 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 3150981 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 3200965 |
| IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 11260 |
| IRS990/TotalVolunteersCnt | 0 | 0 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 9741140 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 10480987 |
| IRS990/TotReportableCompRltdOrgAmt | 0 | 0 |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | 1 |
| IRS990/UponRequestInd | 0 | X |
| IRS990/USAddress/AddressLine1Txt | 0 | PO Box 340 |
| IRS990/USAddress/CityNm | 0 | Monterey |
| IRS990/USAddress/StateAbbreviationCd | 0 | VA |
| IRS990/USAddress/ZIPCd | 0 | 24465 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 6 |
| IRS990/VotingMembersIndependentCnt | 0 | 6 |
| IRS990/WebsiteAddressTxt | 0 | www.htcnet.org |
| IRS990/WhistleblowerPolicyInd | 0 | 0 |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | Chad Kimble |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | General Manager |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 5404682131 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-10-14 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | Highland Telephone Cooperative Inc |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | HIGH |
| ReturnHeader/Filer/EIN | 0 | 546007441 |
| ReturnHeader/Filer/PhoneNum | 0 | 5404682131 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | PO Box 340 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | Monterey |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | VA |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 24465 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | 1 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 631035228 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | Jackson Thornton & Co PC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | PO Box 96 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | Montgomery |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | AL |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 361010096 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 3348347660 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2025-10-09 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | Richard B Compton |
| ReturnHeader/ReturnTs | 0 | 2025-10-20T08:32:38-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-12-31 |
| ReturnHeader/TaxYr | 0 | 2024 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.