2024-10-08T10:59:26-05:00 2023-12-31 910189318 MOSS ADAMS LLP 601 W RIVERSIDE AVENUE STE 1800 SPOKANE WA 99201 990 2023-01-01 810243702 3 RIVERS TELEPHONE COOPERATIVE INC 3RIV 4064672535 PO BOX 429 FAIRFIELD MT 59436 EMILY A GULICK CFO 4064672535 2024-10-03 1 0 CHERI R BURNHAM CPA P00055324 5097472600 2024-10-03 2023 2024-10-15 13:58:12Z 3 RIVERS COMMUNICATIONS DAVID GIBSON 406 2ND AVE S FAIRFIELD MT 59436 59967981 0 X WWW.3RIVERS.NET X 1953 MT TO PROVIDE ADVANCED COMMUNICATIONS SERVICES AND GAINFUL EMPLOYMENT TO ENHANCE THE QUALITY OF OUR MEMBERS AND EMPLOYEES' LIVES WHILE IMPROVING THE ECONOMIC WELL-BEING OF THE COMMUNITIES SERVED. 8 8 133 0 271628 0 0 0 56713205 57938086 575702 121790 397431 256886 57686338 58316762 8000 50000 6444328 3183592 2355693 2432586 0 0 0 48878317 52650584 57686338 58316762 0 0 184621071 178760111 69160867 57844922 115460204 120915189 TO PROVIDE ADVANCED COMMUNICATIONS SERVICES AND GAINFUL EMPLOYMENT TO ENHANCE THE QUALITY OF OUR MEMBERS AND EMPLOYEES' LIVES WHILE IMPROVING THE ECONOMIC WELL-BEING OF THE COMMUNITIES SERVED. 0 0 3 RIVERS TELEPHONE COOPERATIVE MAKES TELEPHONE, INTERNET SERVICES AND FACILITIES AVAILABLE TO THE WIDEST PRACTICAL NUMBER OF USERS ON A NON-PROFIT, COOPERATIVE BASIS. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 704 0 1 133 1 1 1 0 0 0 0 20809268 2484610 0 0 0 X 8 8 1 0 0 0 1 1 1 1 1 0 0 0 1 1 1 0 0 1 1 0 X EMILY A GULICK 8007964567 406 2ND AVE S FAIRFIELD MT 59436 MARY E HILL PRESIDENT 8.00 X X 40539 0 0 LOGAN P GOOD TRUSTEE 5.00 X 34647 0 0 KIRK R DIGE VICE PRESIDENT 5.00 X X 19843 0 0 HOWARD W GOLTZ TRUSTEE 5.00 X 16534 0 0 KELLY M MCINERNEY SECRETARY/TREASURER 5.00 X X 32425 0 0 KYLE J BURGMAIER TRUSTEE 5.00 X 34147 0 0 DIANE M GOLLEHON TRUSTEE 5.00 X 32734 0 0 DALE E GIEM TRUSTEE 5.00 X 40766 0 0 DAVID GIBSON CEO/GM 40.00 X 377346 0 73873 EMILY GULICK CFO 40.00 X 197819 0 50846 ERNEST PETERSON DIRECTOR OF FACILITY OPERATIONS 40.00 X 191442 0 127661 TIMOTHY HODGES DIRECTOR OF NETWORK OPERATIONS 40.00 X 176190 0 395259 PEGGY POOR DIRECTOR OF CUSTOMER OPERATIONS 40.00 X 161542 0 80353 BONNIE MAYER DIRECTOR OF HUMAN RESOURCES 40.00 X 152820 0 -15618 TYLER LURA DISTRICT SUPERVISOR 40.00 X 151854 0 20649 STEVEN KROGUE IP NETWORK TECHNICIAN 40.00 X 144605 0 25895 DANIEL KIMMET OSP ENGINEER 40.00 X 142296 0 26284 DONALD SERIDO JR DIRECTOR MARKETING/SALES 40.00 X 138275 0 51760 2085824 0 836962 40 0 1 0 VICTORY EQUITY CONSTRUCTION 12100 PULP MILL ROAD MISSOULA MT 59808 CONSTRUCTION 10105452 MASTEC INC 152 PARK AVENUE SHEVLIN MN 56676 CONSTRUCTION 4998209 OPTICAL XPERTS LLC 50 16TH ST SUITE B WINDOM MN 56101 CONSTRUCTION 2057265 MID-STATE CONSULTANTS INC 1475 NORTH 200 WEST NEPHI UT 84648 ENGINEERING 808231 CROWN UTILITIES LLC 4457 E FRANKLIN ROAD NAMPA ID 83687 CONSTRUCTION 720925 19 WIRELINE 517000 37847748 37847748 INTERNET 517000 18887733 18887733 MISCELLANEOUS 517000 1202605 930977 271628 57938086 249020 249020 1523989 1651219 -127230 -127230 -127230 AFUDC 517000 249790 249790 PASSTHROUGH INVESTMENT 900099 7096 7096 256886 58316762 57673554 271628 371580 50000 3183592 1702736 729850 1394614 19308241 NONREGULATED 11703459 PLANT SPECIFIC OPERATIO 10438853 PLANT NONSPECIFIC OPERA 3779790 CORPORATE OPERATIONS 2106588 3919039 58316762 20255242 11201609 4276610 4463396 6674370 5884381 5772176 5135852 1142539 1402718 327919179 190309784 119513558 137609395 7327964 6571526 19658612 6491234 184621071 178760111 14176717 5866872 43799208 45402211 11184942 6575839 69160867 57844922 X 0 0 11333347 11992318 104126857 108922871 115460204 120915189 184621071 178760111 X 0 5454985 X 0 1 X 1 0 1399727 1399727 12468648 7558468 4910180 314050804 182751316 131299488 137609395 ADVANCED BILLING AND CUSTOMER DEPOSITS 2440268 OTHER NONCURRENT LIABILITIES 4135571 6575839 X 58575624 265958 265958 58309666 7096 7096 58316762 55399128 265958 265958 55133170 3183592 3183592 58316762 PART X, LINE 2: INCOME TAX STATUS IN 2023 AND 2022, THE COOPERATIVE QUALIFIED AS A TAX-EXEMPT ENTITY BECAUSE MORE THAN 85% OF GROSS REVENUES WERE FROM COOPERATIVE MEMBERS. AS A TAX-EXEMPT ENTITY, TAXES ARE COMPUTED ON INCOME UNRELATED TO THE COOPERATIVE'S EXEMPT PURPOSE. DEFERRED TAXES ARE PROVIDED ON A LIABILITY METHOD WHEREBY DEFERRED TAX LIABILITIES ARE RECOGNIZED FOR DEDUCTIBLE TEMPORARY DIFFERENCES AND DEFERRED TAX ASSETS ARE RECOGNIZED FOR TAXABLE TEMPORARY DIFFERENCES. TEMPORARY DIFFERENCES ARE THE DIFFERENCES BETWEEN THE REPORTED AMOUNTS OF ASSETS AND LIABILITIES AND THEIR TAX BASIS. DEFERRED TAX ASSETS ARE REDUCED BY A VALUATION ALLOWANCE WHEN, IN THE OPINION OF MANAGEMENT, IT IS MORE LIKELY THAN NOT SOME PORTION OR ALL OF THE DEFERRED TAX WILL NOT BE REALIZED. THE COOPERATIVE RECORDS UNCERTAIN TAX POSITIONS IF THE LIKELIHOOD THE POSITION WOULD BE SUSTAINED UPON EXAMINATION IS LESS THAN 50%. AS OF DECEMBER 31, 2023 AND 2022, THE COOPERATIVE HAD NO ACCRUED AMOUNTS RELATED TO UNCERTAIN TAX POSITIONS. INTEREST AND PENALTIES, IF ANY, ARE RECORDED AS INTEREST EXPENSE AND OTHER EXPENSE, RESPECTIVELY. PART XI, LINE 2D - OTHER ADJUSTMENTS: LOSS ON SALE OF SECURITIES 265,958. PART XI, LINE 4B - OTHER ADJUSTMENTS: PASSTHROUGH INVESTMENT INCOME 7,096. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON SALE OF SECURITIES 265,958. PART XII, LINE 4B - OTHER ADJUSTMENTS: BENEFITS TO MEMBERS 3,183,592. 0 MONTANA HISTORICAL SOCIETY 225 N ROBERTS ST HELENA MT 596201201 810302402 MONTANA 50000 0 TO PROVIDE FUNDING FOR FIELD TRIPS FOR MONTANA STUDENTS TO THE MONTANA HERITAGE CENTER AND STATE CAPITOL, AS WELL AS EDUCATIONAL RESOURCES THAT CONNECT CLASSROOM ACTIVITIES TO THEIR FIELD TRIP EXPERIENCE. 1 0 SCHEDULE I PART II THE ORGANIZATION DONATES TO LOCAL CHARITABLE ORGANIZATION AND THEREFORE ALL FUNDS ARE USED IN THE U.S. X 0 1 X X X 0 0 0 TIMOTHY HODGES DIRECTOR OF NETWORK OPERATIONS 149936 0 20771 0 5483 0 368927 0 26332 0 571449 0 0 0 DAVID GIBSON CEO/GM 297928 0 53895 0 25523 0 51416 0 22457 0 451219 0 0 0 ERNEST PETERSON DIRECTOR OF FACILITY OPERATIONS 157128 0 21767 0 12547 0 106344 0 21317 0 319103 0 0 0 EMILY GULICK CFO 165000 0 24001 0 8818 0 24430 0 26416 0 248665 0 0 0 PEGGY POOR DIRECTOR OF CUSTOMER OPERATIONS 137945 0 18241 0 5356 0 69147 0 11206 0 241895 0 0 0 DONALD SERIDO JR DIRECTOR MARKETING/SALES 114639 0 15881 0 7755 0 30811 0 20949 0 190035 0 0 0 TYLER LURA DISTRICT SUPERVISOR 139608 0 8326 0 3920 0 -5361 0 26010 0 172503 0 0 0 STEVEN KROGUE IP NETWORK TECHNICIAN 142592 0 2421 0 -408 0 -96 0 25991 0 170500 0 0 0 DANIEL KIMMET OSP ENGINEER 138129 0 2130 0 2037 0 398 0 25886 0 168580 0 0 0 PART I, LINE 1A SOME AIRFARE AND MEAL EXPENSES ARE PROVIDED FOR SPOUSES TO ACCOMPANY KEY EMPLOYEES ON BUSINESS TRAVEL. EMPLOYEES REIMBURSE THE COMPANY FOR THEIR SPOUSES' TRAVEL EXPENSES. THE BOARD HAS SPOUSAL TRAVEL PAID FOR BY THE COMPANY, FOR WHICH THEY ARE TAXED EACH YEAR. FORM 990, PART VI, SECTION A, LINE 2 A BOARD MEMBER IS AN EMPLOYEE OF ANOTHER BOARD MEMBER. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION OPERATES AS A COOPERATIVE CONSISTING OF MEMBERS WHO ELECT THE GOVERNING BODY (BOARD OF TRUSTEES) AND SHARE IN THE ORGANIZATION'S PROFITS. SIGNIFICANT DECISIONS ARE LARGELY APPROVED INDIRECTLY BY THE MEMBERS THROUGH THE BOARD OF TRUSTEES. HOWEVER, THE MEMBERS DO APPROVE THE AUDIT / ANNUAL REPORT. FORM 990, PART VI, SECTION A, LINE 7A THERE IS ONLY ONE CLASS OF COOPERATIVE MEMBERS. ALL MEMBERS HAVE THE SAME RIGHTS IN ELECTING THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERSHIP MUST APPROVE BY-LAW CHANGES AND THE SALE, MORTGAGE, LEASE OR DISPOSAL OF OR ENCUMBERANCE OF ALL OR ANY SUBSTANTIAL PORTION OF THE COOPERATIVE'S PROPERTY. FORM 990, PART VI, SECTION B, LINE 11B THE CEO, CFO, AND CONTROLLER REVIEW THE COMPLETED FORM 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REGULARLY MONITORS COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY PRIMARILY BY REVIEW DURING ANNUAL TRUSTEE ELECTIONS. THE POLICY IS MONITORED AND DISCUSSED WITH THE ORGANIZATION'S ATTORNEY, THE BOARD AND SENIOR MANAGEMENT EVERY YEAR. IF THERE IS A CONFLICT, THE AFFECTED PEOPLE RECUSE THEMSELVES FROM RELATED CONVERSATIONS. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE CEO IS DETERMINED USING A COMPENSATION SURVEY AND IS REVIEWED AND APPROVED BY CONSENSUS OF THE BOARD OF TRUSTEES. ALL OTHER COMPENSATION IS PART OF THE ANNUAL BUDGET PROCESS. FORM 990, PART VI, SECTION C, LINE 19 THE COOPERATIVE'S GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST BY CONTACTING THE MAIN OFFICE AND IS ALSO PUBLISHED IN THE COOPERATIVE'S DIRECTORY. THE COOPERATIVE'S CONFLICT OF INTEREST POLICY IS AVAILABLE UPON REQUEST BY CONTACTING THE MAIN OFFICE. THE COOPERATIVE'S FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST BY CONTACTING THE MAIN OFFICE AND ARE DISTRIBUTED AT THE ANNUAL MEETING. FORM 990, PART XI, LINE 9: PATRONAGE CAPITAL RETIRED - GENERAL -353,696. PATRONAGE CAPITAL RETIRED - ESTATES AND DISCONNECTED BUSINESSES -821,473. OTHER COMPREHENSIVE INCOME 3,406,667. OTHER 19,563. BENEFITS PAID TO MEMBERS 3,183,592. SETTLEMENT FOR SOLD EXCHANGE 77,902. PATRONAGE CAPITAL RETIRED - OTHER -50,474. NTCA DEFERRED COMP PLAN -7,096.