2024-10-07T16:14:45+00:00 2023-12-31 440160260 Forvis Mazars LLP 1401 50th Street Suite 350 West Des Moines IA 502665935 990 2023-01-01 420591540 WELLMAN COOPERATIVE TELEPHONE ASSOCIATION WELL 3196466075 305 8TH AVENUE PO BOX 170 WELLMAN IA 52356 Dion Schminke General Manager 3196466075 2024-10-07 true true Joe Lynn P01270416 5152230159 2024-11-15 2023 2024-10-15 13:58:12Z DION SCHMINKE 305 8TH AVENUE PO BOX 170 WELLMAN IA 52356 3088554 false X WWW.WELLMANTELEPHONE.COM X 1952 IA TO PROVIDE HIGH QUALITY, RELIABLE, TELECOMMUNICATIONS SERVICES TO ITS MEMBERS. 7 7 5 0 8092 938 0 0 2887441 2888976 87022 49816 105160 142069 3079623 3080861 10324 9812 632206 434528 548873 479996 0 0 0 1839641 2077363 3031044 3001699 48579 79162 10136437 10040834 4671441 4059607 5464996 5981227 TO PROVIDE HIGH QUALITY, RELIABLE TELECOMMUNICATIONS sERVICES TO ITS MEMBERS. false false THE COOPERATIVE PROVIDES QUALITY SERVICES TO ITS MEMBER SUBSCRIBERS WE HAVE BUILT OUR ENTIRE SERVICE AREA WITH FIBER TO PROVIDE HIGH SPEED INTERNET, VIDEO, LOCAL EXCHANGE SERVICES AND TOLL SERVICES. WE PROVIDE EQUIPMENT FOR SALE OR LEASE AND INSTALLATION AND MAINTENANCE OF CUSTOMER PREMISE WIRING AND OTHER MISCELLANEOUS SERVICES. WE ALSO PROVIDE TRANSPORT FROM OUR TOWERS. 0 false false false false false false false false true true false true true false false true false false false false false false false false false false false true false false false false false false false false false false false true true true false true 26 0 true 5 true true true false false false false 2061896 164333 false false false X 7 7 false false false false true true true true true false false true true true true true true true true false IA X DION SCHMINKE 3196466075 305 8TH AVENUE WELLMAN IA 52356 DIANE BRENNEMAN PRESIDENT 0.5 0.0 X X 2700 0 0 JEREMY STATLER DIRECTOR 0.5 0.0 X 2805 0 0 JONATHAN CHALUPA DIRECTOR 0.5 0.0 X 2550 0 0 LEROY POWELL DIRECTOR 0.5 0.0 X 3060 0 0 NICOLE SLABAUGH DIRECTOR 0.5 0.0 X 2970 0 0 TERRA HUBER DIRECTOR 0.5 0.0 X 2040 0 0 TONY STUTZMAN DIRECTOR 0.5 0.0 X 3180 0 0 DION SCHMINKE COO 45.0 0.0 X 135109 0 42380 154414 0 42380 1 false true false FORVIS MAZARS LLP 1401 50TH ST STE 350 WEST DES MOINES IA 502665935 CONSULTING 118081 1 0 Telecommunications Services 517000 2888976 2888976 0 0 0 0 2888976 49816 49816 117168 1180 115988 0 115988 100035 15953 0 0 3890 6513 -2623 -2623 DIRECTORY REVENUE 511140 16156 8092 8064 K-1 INCOME/LOSS 900099 -3869 -3869 ALL OTHER MISC REVENUE 900099 16417 16417 0 0 0 0 28704 3080861 2986388 8092 86381 9812 434528 196794 132473 4512 116749 29468 3645 118081 0 17611 111372 547032 PLANT SPECIFIC OPERATIONS 679227 COST OF VIDEO SERVICES 420121 PLANT NON-SPECIFIC OPERATION 83067 CUSTOMER OPERATIONS 74946 22261 3001699 1358602 1211493 304456 20011 89830 721790 0 0 0 0 31790 29007 65900 88464 12660430 6332036 6690359 6328394 1088927 1114527 0 10000 10000 496573 517148 10136437 10040834 1830650 1282685 383106 780551 15381 8403 0 0 1941768 1526250 500536 461718 4671441 4059607 X 5464996 5981227 5464996 5981227 10136437 10040834 X 79162 437069 X false true X true false 55350 55350 941870 557748 384122 11663210 5774288 5888922 6328394 Investment in WKIJ 486845 C Investment in Aureon 627682 F 1114527 CASH SURRENDER -LIFE INSURANCE 455803 Right of use asset 61345 517148 ASSET RETIREMENT OBLIGATION 19344 DEFERRED COMPENSATION 313722 OTHER LIABILITIES 1196 DEFERRED REVENUE 65526 OPERATING LEASE LIABILITY 61930 461718 Schedule D, Part X, Line 2 MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. false false false DION SCHMINKE COO 135109 0 0 0 0 0 6054 0 36326 0 177489 0 0 0 Form 990, Part VI, Line 6 Classes of members or stockholders MEMBERSHIP IN THE COOPERATIVE IS RESTRICTED TO SUBSCRIBERS TO MEMBERSHIP-ELIGIBLE VOICE, VIDEO OR DATA SERVICE PROVIDED BY THE COOPERATIVE WHO ARE OTHERWISE ELIGIBLE FOR MEMBERSHIP, PURSUANT TO THE ARTICLES OF INCORPORATION. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body MEMBERS ELECT THE BOARD OF DIRECTORS AT AN ANNUAL MEETING. Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders MEMBER APPROVAL OF SIGNIFICANT BOARD DECISIONS THAT MAY ARISE, SUCH AS MERGERS AND ACQUISITIONS, AS NECESSARY. Form 990, Part VI, Line 11b Review of form 990 by governing body AN INDEPENDENT ACCOUNTING FIRM PREPARES AND REVIEWS THE 990. THE 990 IS THEN REVIEWED BY THE ORGANIZATION'S MANAGEMENT. ANY QUESTIONS OR CONCERNS THAT THE ORGANIZATION'S MANAGEMENT MAY HAVE ARE ADDRESSED, AND ANY CORRECTIONS OR CLARIFICATIONS THAT NEED TO BE MADE ARE MADE. THE ENTIRE 990 WITH ALL REQUIRED SCHEDULES IS THEN PROVIDED TO THE VOTING MEMBERS OF THE BOARD PRIOR TO FILING THE 990. Form 990, Part VI, Line 12c Conflict of interest policy THE BOARD OF DIRECTORS DISCLOSE AND SIGN A CONFLICT OF INTEREST FORM. THIS FORM IS REVIEWED AND SIGNED ON AN ANNUAL BASIS. IF A CONFLICT IS FOUND, THE PERSON WITH A CONFLICT IS PROHIBITED FROM PARTICIPATING IN THE DELIBERATIONS AND DECISIONS OF THE TRANSACTION. Form 990, Part VI, Line 15a Process to establish compensation of top management official THE COMPENSATION OF MANAGEMENT AND OTHER STAFF IS DETERMINED BY THE BOARD OF DIRECTORS ON AN ANNUAL BASIS. THE BOARD INCORPORATES A SALARY STUDY PUBLISHED BY NCTA, WHICH INDICATES COMPENSATION STATISTICS OF SIMILAR ORGANIZATIONS. Form 990, Part VI, Line 15b Process to establish compensation of other employees THE COMPENSATION OF MANAGEMENT AND OTHER STAFF IS DETERMINED BY THE BOARD OF DIRECTORS ON AN ANNUAL BASIS. THE BOARD INCORPORATES A SALARY STUDY PUBLISHED BY NCTA, WHICH INDICATES COMPENSATION STATISTICS OF SIMILAR ORGANIZATIONS. Form 990, Part VI, Line 19 Required documents available to the public THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, AND CERTAIN GOVERNING DOCUMENTS ARE MADE AVAILABLE TO MEMBERS UPON REQUEST. Form 990, Part XI, Line 9 Other changes in net assets or fund balances Patronage Capital Allocated - 434528; Income from Subsidiary - 28066; K-1 Adjustment - 1404; Patronage capital paid - Estates - -26929; WKIJ COMMUNICATIONS 305 8TH AVENUE WELLMAN IA 52356 421244226 INVESTMENT IA WELLMAN COOP C Corporation 29719 489852 1.0000 true false false false false false false false false false false false false false false false false false false false