2022-09-12T15:07:20-05:00 2021-12-31 411360831 OLSEN THIELEN & CO LTD 2675 LONG LAKE ROAD ROSEVILLE MN 551131117 990 2021-01-01 420803307 COOPERATIVE TELEPHONE COMPANY COOP 3196473131 704 3RD STREET PO BOX H VICTOR IA 52347 SCOTT SCHABACKER GENERAL MANAGER 3196473131 2022-08-02 1 SCOTT SCHABACKER XXX-XX-XXXX NATHANIEL L NELSON CPA P00812583 6514834521 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z SCOTT SCHABACKER 704 3RD STREET PO BOX H VICTOR IA 52347 3221068 0 X WWW.COOPERATIVETELEPHONE.COM X 1956 IA TO PROVIDE TELECOMMUNICATIONS SERVICE TO ITS MEMBERS. 7 7 11 0 12444 0 159600 0 3070080 3086207 141521 137392 -8316 -2531 3362885 3221068 0 500 0 0 768272 756292 0 0 0 1843243 1921403 2611515 2678195 751370 542873 13828846 15965602 5414080 7050891 8414766 8914711 TO PROVIDE TELECOMMUNICATIONS TO ITS MEMBERS. 0 0 TELECOMMUNICATIONS SERVICES: THE COOPERATIVE PROVIDES QUALITY SERVICES TO ITS MEMBER SUBSCRIBERS. THESE SERVICES INCLUDE LOCAL EXCHANGE SEVICES, TOLL SERVICES, TERMINAL EQUIPMENT FOR SALE OR LEASE, INTERNET SERVICES, PCS SERVICES, CABLE TELEVISION SERVICES AND OTHER MISCELLANEOUS SERVICES FOR QUALITY TELECOMMUNICATIONS SERVICE. 0 0 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 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 32 0 1 11 1 1 1 0 0 0 0 1602783 208926 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 IA X SCOTT SCHABACKER 3196473131 704 3RD STREET PO BOX H VICTOR IA 52347 LONNY KOEHN DIRECTOR/PRESIDENT 2.00 X X 3700 0 0 KYLE GRAY DIRECTOR 1.00 X 1200 0 0 DENNIS REFER DIRECTOR 1.00 X 900 0 0 KEN FOLKMANN DIRECTOR 1.00 X 1500 0 0 KEN BLOOME DIRECTOR/VICE PRESIDENT 1.00 X X 1500 0 0 TRACY SCHAFBUCH DIRECTOR/SECRETARY/TREASUR 1.00 X X 1700 0 0 CURT MCWILLIAMS DIRECTOR 1.00 X 1500 0 0 SCOTT SCHABACKER GENERAL MANAGER/COO 40.00 X 102784 0 26348 114784 0 26348 1 0 0 0 CENTRAL CABLE CONTRACTORS INC W7435 COUNTY RD AW WAUPUN WI 53963 UNDERGROUND CONSTRUCTION 1284081 CHR SOLUTIONS INC NW 5494 PO BOX 1450 MINNEAPOLIS MN 54485 ENGINEERING-FIBER 331013 2 TELECOM SERVICES 517000 3077125 3077125 ADVERTISING 541800 9082 9082 3086207 137392 137392 OTHER REVENUE 900099 6107 6107 MANAGED IT SERVICES 541519 2231 2231 COMPUTER REPAIR 541519 1131 1131 -12000 -12000 -2531 3221068 3071232 12444 137392 500 141132 418479 30179 125707 40795 20354 106486 44639 77871 665131 COST OF VIDEO SERVICES 535738 PLANT SPECIFIC OPERATIO 440630 CORPORATE 289152 COST OF INTERNET SERVIC 141284 -399882 2678195 1545344 1752818 136220 122478 37465 37465 202028 184202 19236677 9897192 7120118 9339485 332362 333869 1691116 1700116 2764193 2495169 13828846 15965602 1384135 1872254 4020749 5151781 9196 26856 5414080 7050891 X 0 0 0 0 8414766 8914711 8414766 8914711 13828846 15965602 X 542873 -6817 -36111 X X 0 1 X 1 0 30323 30323 601334 501819 99515 18605020 9395373 9209647 9339485 1700116 F 1700116 PLANT UNDER CONSTRUCTION 2495169 2495169 DEPOSITS 18327 ACCRUED INTEREST 8529 26856 X PART X, LINE 2: THE COMPANY REVIEWS INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN INCOME TAX RETURNS TO DETERMINE IF THERE ARE ANY INCOME TAX UNCERTAINTIES. THIS INCLUDES POSITIONS THAT THE ENTITY IS NOT SUBJECT TO INCOME TAXES AS A PASS-THROUGH ENTITY. THE COMPANY RECOGNIZES TAX BENEFITS FROM UNCERTAIN TAX POSITIONS ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITIONS WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITIONS. THE COMPANY HAS IDENTIFIED NO INCOME TAX UNCERTAINTIES. FORM 990, PART VI, SECTION A, LINE 6 CLASSES OF MEMBERS OR STOCKHOLDERS SUBSCRIBERS OF TELECOMMUNICATIONS, VIDEO SERVICES, AND INTERNET (DIAL-UP, DSL, AND WIRELESS) SERVICES ARE REQUIRED TO PURCHASE A REFUNDABLE $10 MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7A ELECTION OF MEMBERS COOPERATIVE TELEPHONE COMPANY'S MEMBERS ELECT DIRECTORS TO THE BOARD OF GOVERNANCE AT AN ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 7B DECISIONS SUBJECT TO APPROVAL OF MEMBERS COOPERATIVE TELEPHONE COMPANY'S MEMBERS ELECT DIRECTORS TO THE BOARD OF GOVERNANCE AT AN ANNUAL MEETING. MEMBERS ALSO MUST APPROVE ANY SIGNIFICANT DECISIONS BY THE BOARD THAT MAY ARISE AFFECTING THE GOVERNING DOCUMENTS AND STRUCTURES OF THE COOPERATIVE. FORM 990, PART VI, SECTION B, LINE 11B 990 REVIEW PROCESS AN INDEPENDENT ACCOUNTING FIRM PREPARES AND REVIEWS THE 990. THE 990 IS THEN REVIEWED BY CTC MANAGEMENT. ANY QUESTIONS OR CONCERNS ARE ADDRESSED AND CORRECTIONS OR CLARIFICATIONS ARE MADE. THE FINAL 990 WITH ALL REQUIRED SCHEDULES IS THEN PROVIDED TO ALL VOTING MEMBERS OF THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR, OFFICER, OR MEMBER OF A COMMITTEE WITH GOVERNING BOARD-DELEGATED POWERS WILL DISCLOSE TO THE BOARD ANY ACTUAL OR POTENTIAL CONFLICT OF INTEREST HE/SHE MAY HAVE WITH RESPECT TO ANY MATTER PUT TO A VOTE, AND WILL NOT VOTE ON ANY MATTER IN WHICH HE/SHE HAS AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST. A DIRECTOR, OFFICER, OR MEMBER OF A COMMITTEE HAS A CONFLICT OF INTEREST IF THAT PERSON HAS, DIRECTLY OR INDIRECTLY, THROUGH BUSINESS, INVESTMENT OR FAMILY: A. A SUBSTANTIAL OWNERSHIP OR INVESTMENT INTEREST IN ANY ENTITY WITH WHICH THE COOPERATIVE HAS A TRANSACTION OR ARRANGEMENT; SUBSTANTIAL MEANS OWNERSHIP OF MORE THAN 10%. B. A COMPENSATION ARRANGEMENT WITH ANY ENTITY OR INDIVIDUAL WITH WHICH THE COOPERATION HAS A TRANSACTION OR ARRANGEMENT; COMPENSATION INCLUDES DIRECT AND INDIRECT REMUNERATION AS WELL AS GIFTS OR FAVORS THAT ARE NOT NEGLIGIBLE. C. A POTENTIAL OWNERSHIP OR INVESTMENT INTEREST IN, OR COMPENSATION ARRANGEMENT WITH, ANY ENTITY OR INDIVIDUAL WITH WHICH THE COOPERATION IS NEGOTIATING A TRANSACTION OR ARRANGEMENT; D. AN AWARENESS THAT HIS OR HER SPOUSE, OR ANY OF THEIR PARENTS, SIBLINGS OR DESCENDANTS ARE INVOLVED WITH AN ENTITY IN ANY MANNER OUTLINED IN PARAGRAPHS (A), (B), AND (C), OR E. WHEN, WITHOUT REGARD TO THE FOREGOING STANDARDS, SUCH DIRECTOR, OFFICER OR MEMBER OF A COMMITTEE REASONABLY BELIEVES HIS OR HER INDEPENDENT JUDGMENT IS OR MIGHT BE IMPAIRED BY AN EXISTING OR POTENTIAL CONFLICT, FINANCIAL OR OTHERWISE (I.E. MORAL, ETHICAL, ETC.) THIS IS HANDLED ON A CASE-BY-CASE BASIS. THE BOARD OF DIRECTORS DISCUSS AT A MEETING, WHAT THE CONFLICT MAY OR MAY NOT BE, AND DETERMINE FROM THERE IF THERE IS A CONFLICT AS LISTED IN THE BY LAWS. FORM 990, PART VI, SECTION B, LINE 15A THE GENERAL MANAGER EVALUATES THE COMPENSATION FOR ALL EMPLOYEES ANNUALLY USING AN NTCA COMPENSATION STUDY, CURRENT COST-OF-LIVING AND INFLATION DATA, AS WELL AS PERFORMANCE CRITERIA TO DETERMINE RECOMMENDED INCREASES FOR ALL EMPLOYEES. THESE RECOMMENDATIONS ARE PRESENTED TO THE BOARD FOR THEIR EVALUATION, INPUT AND FINAL DETERMINATION. THE BOARD THEN USES THAT INFORMATION TO EVALUATE COMPENSATION LEVELS FOR THE GENERAL MANAGER, AND APPROVES GENERAL MANAGER COMPENSATION FOR THE FOLLOWING YEAR. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENT DISCLOSURE THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST AT THE ORGANIZATION'S OFFICE. FORM 990, PART XI, LINE 9: CHANGE IN MEMBERSHIP FEES 50. PATRONAGE CAPITAL RETIRED -32,971. STATUTORY SURPLUS -3,190. FORM 990, PART XII, LINE 2C: NO CHANGE FROM PRIOR YEAR. CTC TRANSPORT LLC 704 THIRD STREET PO BOX H VICTOR IA 52347 COMMUNICATION IA COOPERATIVE TELEPHONE COMPANY