2025-11-05T00:04:42-06:00 2024-12-31 720398470 HEARD MCELROY & VESTAL LLC 2403 JUDSON ROAD LONGVIEW TX 75605 990 2024-01-01 742562693 GUADALUPE VALLEY TELEPHONE COOP INC EMPLOYEE BENEFIT PLAN TRUST GUAD 8308854411 36101 FM 3159 NEW BRAUNFELS TX 781325900 MARK GITTER ADMINISTRATOR 8308854411 2025-10-20 1 0 REBECCA VANNATTAN CPA P01781574 9037580734 2025-10-20 2024 2025-03-06 01:10:19Z MARK GITTER 36101 FM 3159 NEW BRAUNFELS TX 781325900 6375817 0 X N/A X 1989 TX PROVIDE FOR THE MEDICAL BENEFITS OF RETIRED EMPLOYEES UNDER THE HEALTH CARE PLAN OF GVTC, INC. 1 0 0 0 0 0 0 0 669798 668942 -419344 595413 0 0 250454 1264355 0 0 0 0 0 0 0 0 0 1096095 1149164 1096095 1149164 -845641 115191 9686075 10066791 0 0 9686075 10066791 THE TRUST WAS ESTABLISHED TO PROVIDE FOR THE MEDICAL BENEFITS OF RETIRED EMPLOYEES UNDER THE HEALTH CARE PLAN OF GUADALUPE VALLEY TELEPHONE COOPERATIVE, INC. 0 0 PROVIDING MEDICAL BENEFITS TO RETIRED EMPLOYEES OF GUADALUPE VALLEY TELEPHONE COOPERATIVE, INC. (GVTC). DURING THE YEAR THE TRUST PAID BENEFITS TO AND FOR SUCH RETIRED EMPLOYEES. AT 12/31/24, THE TRUST HAD 143 RETIRED OR SEPARATED PARTICIPANTS RECEIVING BENEFITS. 0 0 0 0 0 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 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 X GVTC ACCOUNTING DEPT 8308854411 36101 FM 3159 NEW BRAUNFELS TX 781325900 X MARK GITTER ADMINISTRATOR 5.00 35.00 X X 0 639240 354654 0 639240 354654 0 0 1 0 0 X CONTR-PLAN SPONSOR & PARTICIPANTS 900099 668942 668942 668942 247205 247205 5459670 5111462 348208 348208 348208 1264355 668942 0 595413 1488 48063 1382 SUBSIDIZED PERS. ASSIST 411042 MEDICAL PREMIUMS PAID 397294 ADMINISTRATIVE FEES 289895 1149164 42202 46452 18098 17933 9594363 10002406 31412 9686075 10066791 0 0 X 9686075 10066791 0 0 0 0 9686075 10066791 9686075 10066791 115191 265525 0 X 0 1 X 1 0 0 1 0 MARK GITTER ADMINISTRATOR 0 405060 0 222750 0 11430 0 349375 0 5279 0 993894 0 0 PART I, LINE 4 - RECEIVED SEVERANCE, SUPPLEMENTAL NQ RETIREMENT, EQUITY-BAS MARK GITTER $349,375 THIS AMOUNT REPRESENTS TENURE COMPENSATION EARNED EACH CALENDAR YEAR OF HIS FIVE-YEAR EMPLOYMENT AGREEMENT IN ACCORDANCE WITH THE GUADALUPE VALLEY TELEPHONE COOPERATIVE, INC. SUPPLEMENTAL 409A RETIREMENT PLAN. PROVIDED THAT HE COMPLETES THE TERM OF HIS EMPLOYMENT AGREEMENT, THIS COMPENSATION WILL BE PAID IN A LUMP SUM OF EACH YEAR'S DEFERRED COMPENSATION AMOUNT ALONG WITH A TAX INDEMNIFICATION PAYMENT ON OR ABOUT JANUARY 1, 2025, IN A MUTUALLY AGREEABLE FINANCIAL METHOD THAT COMPLIES WITH APPLICABLE LAW. FORM 990, PART IV, LINE 34 ALSO FORM 990, SCHEDULE R, PART IV GUADALUPE VALLEY TELEPHONE COOPERATIVE, INC. EMPLOYEE BENEFIT TRUST WAS ESTABLISHED BY GUADALUPE VALLEY TELEPHONE COOPERATIVE, INC. (GVTC). GVTC CONTROLS THE EMPLOYEE BENEFIT TRUST BY VIRTUE OF ITS POWER TO REMOVE AND REPLACE THE TRUST'S TRUSTEE(S). FORM 990, PART VI, SECTION A, LINE 8A THE GOVERNING BODY OF GUADALUPE VALLEY TELEPHONE COOPERATIVE, INC. EMPLOYEE BENEFIT TRUST IS THE SINGLE TRUSTEE, MARK GITTER. HOWEVER, THE TRUST HAS A COMMITTEE MADE UP OF FOUR GUADALUPE VALLEY TELEPHONE COOPERATIVE, INC. (GVTC) EMPLOYEES TO SERVE IN AN ADVISORY OR INFORMATIONAL CAPACITY TO THE TRUSTEE. THIS COMMITTEE FUNCTIONS INDEPENDENTLY OF THE BOARD OF DIRECTORS OF GVTC. ALL MEETINGS OF THIS COMMITTEE ARE CONTEMPORANEOUSLY DOCUMENTED. FORM 990, PART VI, SECTION A, LINE 8B THE GOVERNING BODY OF GUADALUPE VALLEY TELEPHONE COOPERATIVE, INC. EMPLOYEE BENEFIT TRUST IS THE SINGLE TRUSTEE, MARK GITTER. HOWEVER, THE TRUST HAS A COMMITTEE MADE UP OF FOUR GUADALUPE VALLEY TELEPHONE COOPERATIVE, INC. (GVTC) EMPLOYEES TO SERVE IN AN ADVISORY OR INFORMATIONAL CAPACITY TO THE TRUSTEE. THIS COMMITTEE FUNCTIONS INDEPENDENTLY OF THE BOARD OF DIRECTORS OF GVTC. ALL MEETINGS OF THIS COMMITTEE ARE CONTEMPORANEOUSLY DOCUMENTED. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 AND ALL RELATED SCHEDULES IS PROVIDED TO THE TRUSTEE FOR HIS REVIEW BEFORE IT IS FILED. ANY CHANGES PURSUANT TO HIS REVIEW ARE INCORPORATED INTO THE FINAL 990 THAT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C IF THE PLAN ADMINISTRATOR OR TRUSTEE'S DISCRETIONARY AUTHORITY UNDER THE PLAN OVER THE TRUST MUST BE EXERCISED WITH RESPECT TO HIMSELF AS AN EMPLOYEE OF GUADALUPE VALLEY TELEPHONE COOPERATIVE, INC., THEN SUCH DISCRETIONARY AUTHORITY SHALL BE DELEGATED TO THE ADVISORY COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 GUADALUPE VALLEY TELEPHONE COOPERATIVE, INC. EMPLOYEE BENEFIT TRUST DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART VI, LINES 13 AND 14 THE GUADALUPE VALLEY TELEPHONE COOPERATIVE, INC. EMPLOYEE BENEFIT TRUST DOES NOT HAVE A WRITTEN WHISTLEBLOWER OR DOCUMENT RETENTION AND DESTRUCTION POLICY. HOWEVER, GUADALUPE VALLEY TELEPHONE COOPERATIVE, INC. (GVTC) HAS WRITTEN POLICIES IN PLACE FOR WHISTLEBLOWERS AND DOCUMENT RETENTION AND DESTRUCTION THAT THE TRUST FOLLOWS. FORM 990, PART VI, LINES 15A AND 15B THE GUADALUPE VALLEY TELEPHONE COOPERATIVE, INC. EMPLOYEE BENEFIT TRUST HAS NO EMPLOYEES AND THEREFORE HAS NO PROCESSES IN PLACE FOR DETERMINING COMPENSATION OF EMPLOYEES. FORM 990, PART VII, SECTION A ALSO FORM 990, SCHEDULE J, PART II GUADALUPE VALLEY TELEPHONE COOPERATIVE, INC. EMPLOYEE BENEFIT TRUST WAS ESTABLISHED BY GUADALUPE VALLEY TELEPHONE COOPERATIVE, INC. (GVTC) TO FUND AND PROVIDE MEDICAL BENEFITS TO RETIRED EMPLOYEES OF GVTC UNDER GVTC'S HEALTH CARE PLAN. MARK GITTER SERVED AS THE PLAN ADMINISTRATOR AND TRUSTEE IN 2024. COMPENSATION PAID TO MARK GITTER WAS FOR SERVICES PERFORMED FOR GVTC AND NOT THE TRUST OR PLAN. THE ORGANIZATIONAL DOCUMENTS OF THE PLAN SPECIFY THAT "THE PLAN ADMINISTRATOR SERVES WITHOUT COMPENSATION." FORM 990, PART VIII, LINE 2A THIS LINE REPRESENTS CONTRIBUTIONS FOR HEALTH BENEFITS BY GUADALUPE VALLEY TELEPHONE COOPERATIVE, INC. AND PLAN PARTICIPANTS. THESE CONTRIBUTIONS ARE USED TO FUND CURRENT HEALTH BENEFITS AND PROVIDE FOR CURRENT BENEFITS UNDER GROUP INSURANCE CONTRACTS FOR PLAN PARTICIPANTS AND THEIR DEPENDENTS. GUADALUPE VALLEY TELEPHONE COOPERATIVE 36101 FM 3159 NEW BRAUNFELS TX 781329000 741194662 TELECOMMUNICATIONS TX N/A C 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 FORM 990, SCHEDULE R, PART V, LINE 1R SEE NOTE RELATED TO FORM 990, PART VIII, LINE 2A CONCERNING CONTRIBUTIONS PAID FOR CURRENT HEALTH BENEFITS BY GUADALUPE VALLEY TELEPHONE COOPERATIVE, INC.