2024-11-15T09:29:56-06:00 2023-12-31 411360831 OLSEN THIELEN & CO LTD 2675 LONG LAKE ROAD ST PAUL MN 55113 990 2023-01-01 410721924 CONSOLIDATED TELEPHONE COMPANY CONS 2184541234 1102 MADISON STREET PO BOX 972 BRAINERD MN 564010972 KRISTI WESTBROCK CEO/GENERAL MANAGER 2184541234 2024-09-16 1 1 L JOSEPH MAYER CPA P00092661 6514834521 2023 2024-10-15 13:58:12Z KRISTI WESTBROCK 1102 MADISON STREET PO BOX 972 BRAINERD MN 564010972 41736339 0 X WWW.GOCTC.COM X 1950 MN PROVIDE COMMUNICATION SOLUTIONS PROVIDING PRODUCTS AND SERVICES ENHANCING OUR CUSTOMERS' LIVES. 10 10 104 0 28392 0 0 0 37142261 40817307 18880 140607 866335 778425 38027476 41736339 0 0 4618311 4927362 2569798 3402617 0 0 0 30839367 33635731 38027476 41965710 0 -229371 101103443 105208732 43589481 44176080 57513962 61032652 CONSOLIDATED TELEPHONE COMPANY'S MISSION IS TO EMPOWER OUR MEMBERS, EMPLOYEES, AND COMMUNITIES THROUGH EXCEPTIONAL SERVICE AND LIFE CHANGING TECHNOLOGY SOLUTIONS FOR A SUSTAINABLE FUTURE. 0 0 THROUGH TECHNOLOGY LEADERSHIP, SMART GROWTH, AND COMMUNITY ENGAGEMENT, OUR COOPERATIVE DEMONSTRATES EXTRAORDINARY FOCUS TO POSITIVELY TRANSFORM THOSE WE SERVE, OUR 17,717 MEMBERS. CTC EMPOWERS OUR MEMBERS, EMPLOYEES AND COMMUNITIES THROUGH EXCEPTIONAL SERVICES AND LIFE CHANGING TECHNOLOGY SOLUTIONS FOR A SUSTAINABLE FUTURE. 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 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 1 1 0 1 353 0 1 104 1 1 1 0 0 0 0 0 0 29544855 1757281 0 0 0 X 10 10 1 0 1 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X ORGANIZATION 2184541234 1102 MADISON STREET BRAINERD MN 56401 KRISTI WESTBROCK CEO/GENERAL MANAGER 40.00 X 399650 0 147411 GREGORY SPRINGER CFO 40.00 X 269554 0 132274 ANDREW ISACKSON CHIEF MARKETING OFFICER 40.00 X 224095 0 100344 JOSEPH BUTTWEILER CHIEF STRATEGY OFFICER 40.00 X 223779 0 93195 JASON ATWATER CHEIF OPERATIONS OFFICER 40.00 X 220587 0 100650 LAUREN JOHNSON ACCOUNT EXECUTIVE 40.00 X 186860 0 87662 ERYK HAAPAJOKI DIRECTOR OF SALES 40.00 X 165339 0 29848 RYAN ROSENWALD DIRECTOR OF SALES 40.00 X 146986 0 75636 KATHLEEN KOBLISKA TREASURER 2.00 X X 20200 0 0 HEATHER HOSKINS BOARD MEMBER 2.00 X 19950 0 0 AMANDA LOWE VICE CHAIRPERSON 2.00 X X 19700 0 0 LELAND SEGLER BOARD MEMBER 2.00 X 19100 0 0 MICHAEL WETZEL BOARD MEMBER 2.00 X 18100 0 0 KIRK SMITH CHAIRPERSON 2.00 X X 17950 0 0 CHAD CONVERSE SECRETARY 2.00 X X 17950 0 0 MORRIS NELSON BOARD MEMBER 2.00 X 12850 0 0 TYLER GLYNN BOARD MEMBER 2.00 X 4200 0 0 NATHAN THIESSE BOARD MEMBER 2.00 X 4200 0 0 1991050 0 767020 15 0 1 0 ELITE UNDERGROUND INC 9351 OAK BLUFF BRAINERD MN 56401 FIBER CONSTRUCTION 5116097 RAMSTAD TECHNOLOGIES INC PO BOX 127 PILLAGER MN 56473 FIBER SPLICING 1852744 HANCO UTILITIES INC PO BOX 55 LAKE NEBAGAMON WI 54849 FIBER CONSTRUCTION 1444475 ERIC'S EXCAVATING INC PO BOX 853 NISSWA MN 56468 FIBER CONSTRUCTION 968384 MP NEXLEVEL LLC 500 CO RD 37E MAPLE LAKE MN 55358 FIBER CONSTRUCTION 944436 13 TELEPHONE SERVICES 517000 40530915 40530915 PARTNERSHIP INCOME 517000 258000 258000 ADVERTISING INCOME 541800 28392 28392 40817307 140607 140607 598613 0 598613 598613 598613 MISCELLANEOUS 517000 179812 179812 179812 41736339 41387528 28392 320419 4927362 1424326 1978291 107120 79901 1025722 848463 8361190 REPAIRS & MAINTENANCE 7532073 NONREGULATED ACTIVITY E 5551803 CUSTOMER OPERATIONS 4001255 CORPORATE OPERATIONS 3843447 2284757 41965710 5356807 6530392 2042396 1031199 7969942 8079733 217871 2651042 6045107 6323199 3217665 2495637 146579470 80820060 63571421 65759410 100000 100000 3871146 3975182 8711088 8262938 101103443 105208732 6349082 4852051 300000 300000 882698 848869 26119247 28493420 9938454 9681740 43589481 44176080 X 0 0 0 0 57513962 61032652 57513962 61032652 101103443 105208732 X -229371 229371 3518690 X X 0 1 X 1 0 323941 323941 45416664 15475797 29940867 100838865 65344263 35494602 65759410 RIGHT OF USE ASSET 8262938 8262938 DEPOSITS AND ADVANCE PAYMENTS 31963 OTHER DEFERRED CHARGES 532214 POST RETIREMENT OBLIGATION 737613 OPERATING LEASE OBLIGATION 8379950 9681740 X 41916022 229371 -49688 179683 41736339 0 41736339 36988660 0 36988660 4977050 4977050 41965710 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. 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. PART XI, LINE 2D - OTHER ADJUSTMENTS: EXPENSES NETTED AGAINST INCOME ON F/S -49,688. PART XII, LINE 4B - OTHER ADJUSTMENTS: EXPENSES NETTED AGAINST INCOME ON F/S 49,688. ALLOCATION OF 2023 MARGINS REPORTED ON PAGE 10, PART IX, LINE 4 4,927,362. X 1 1 X X X X 0 0 0 KRISTI WESTBROCK CEO/GENERAL MANAGER 399650 0 0 0 0 0 107628 0 39783 0 547061 0 0 0 GREGORY SPRINGER CFO 269554 0 0 0 0 0 94023 0 38251 0 401828 0 0 0 ANDREW ISACKSON CHIEF MARKETING OFFICER 224095 0 0 0 0 0 63827 0 36517 0 324439 0 0 0 JOSEPH BUTTWEILER CHIEF STRATEGY OFFICER 223779 0 0 0 0 0 63698 0 29497 0 316974 0 0 0 JASON ATWATER CHEIF OPERATIONS OFFICER 220587 0 0 0 0 0 63680 0 36970 0 321237 0 0 0 LAUREN JOHNSON ACCOUNT EXECUTIVE 186860 0 0 0 0 0 50444 0 37218 0 274522 0 0 0 ERYK HAAPAJOKI DIRECTOR OF SALES 165339 0 0 0 0 0 17923 0 11925 0 195187 0 0 0 RYAN ROSENWALD DIRECTOR OF SALES 146986 0 0 0 0 0 39531 0 36105 0 222622 0 0 0 PART I, LINE 1A THE CEO AND BOARD DETERMINE WHEN A COMPANION CAN ACCOMPANY THE EMPLOYEE ON A BUSINESS TRIP. FORM 990, PART VI, SECTION A, LINE 2 THE BOARD OF DIRECTORS HAS THE SAME MEMBERS OF THE BOARD OF ITS RELATED TAXABLE ENTITY, CONTEL SYSTEMS, INC. ALSO THE CEO/GM AND CFO ARE ON THE BOARDS OF SEVERAL LLCS'S THE COMPANY HAS OWNERSHIP IN AND DOES BUSINESS WITH THE COMPANY. FORM 990, PART VI, SECTION A, LINE 4 1. GAVE THE BOARD OF DIRECTORS THE ABILITY TO REFUSE A QUALIFIED PERSON MEMBERSHIP IN THE COOPERATIVE. 2. CHANGED THE NOTIFICATION PROCESS FOR THE ANNUAL MEETING TO ALLOW ELECTRONIC NOTIFICATIONS. 3. CHANGED THE REQUIREMENT THAT A MEMBER MUST TAKE VOICE SERVICE TO BE A BOARD MEMBER TO THE MEMBER CAN TAKE VOICE AND/OR INTERNET SERVICE TO BE ELIGIBLE. FORM 990, PART VI, SECTION A, LINE 6 THE COOPERATIVE SHALL BE WITHOUT CAPITAL STOCK AND MAY ADMIT APPLICANTS TO MEMBERSHIP IN THE COOPERATIVE ON SUCH UNIFORM CONDITIONS AS PRESCRIBED BY THE ARTICLES AND BYLAWS OF THE COOPERATIVE. FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBER OF THE COOPERATIVE IS AUTHORIZED TO CAST ONE VOTE IN THE ELECTION OF THE BOARD OF DIRECTORS. EACH MEMBER ALSO RECEIVES A SHARE OF THE CAPITAL CREDITS THE COOPERATIVE DISTRIBUTES ANNUALLY. FORM 990, PART VI, SECTION A, LINE 7B MEMBER APPROVAL IS REQUIRED FOR CHANGES MADE TO THE ARTICLES AND BYLAWS OF THE COOPERATIVE. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE ORGANIZATION'S FORM 990 IS CIRCULATED TO THE BOARD, AND AMONG SENIOR OFFICERS FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL FINANCIAL TRANSACTIONS ARE MONITORED FOR POSSIBLE CONFLICT OF INTEREST, AND EMPLOYEES ARE ENCOURAGED TO REPORT ANY POSSIBLE VIOLATIONS OF THE POLICIES. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE MEETS AND RECOMMENDS COMPENSATION OF THE CEO TO THE FULL BOARD OF DIRECTORS. THE FULL BOARD THEN REVIEWS AND APPROVES. COMPENSATION LEVELS FOR THE CEO AND KEY EMPLOYEES ARE BASED ON COMPARABILTY DATA OF THE COMPANIES SPECIFIC INDUSTRY. FORM 990, PART VI, SECTION C, LINE 19 CTC'S ANNUAL REPORT IS ON OUR WEBSITE WWW.GOCTC.COM, AND A COPY OF THE ANNUAL REPORT THAT CONTAINS THE FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. THE ARTICLES OF INCORPORATION AND THE ORGANIZATIONS BYLAWS ARE ALSO ON OUR WEBSITE. FORM 990, PART XI, LINE 9: RETIREMENT OF CAPITAL CREDITS -1,162,585. PREFUNDED PENSION DEPOSIT LOSSES -128,566. ALLOCATION OF 2023 MARGINS REPORTED ON PAGE 10, PART IX, LINE 4 4,927,362. SUBSIDIARY EARNINGS -117,521. FORM 990, PART XI, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. ALPENGLOW TECHNOLOGIES LLC DBA XTONA 6687 MULBERRY CIRCLE EAST CHANHASSEN MN 55317 272718298 IT SERVICES MN N/A INVESTMENT 88131 92971 0 0 0.40000 LAKE PARTNERS LLC 1102 MADISON STREET PO BOX 972 BRAINERD MN 56401 831765761 TELEPHONE SERVICE MN N/A INVESTMENT -502 55548 0 0 0.50000 CONTEL SYSTEMS INC 1102 MADISON ST PO BOX 972 BRAINERD MN 56401 411482990 EQUIPMENT SALES & LEASE MN N/A C 208663 3030679 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 CONTEL SYSTEMS INC Q 60011 FAIR MARKET VALUE OF EXPENSES SCHEDULE R, PART V, LINE 2(B)2 AND LINE 2(C)2. CONTEL SYSTEMS, INC. - REIMBURSEMENT PAID BY OTHER ORGANIZATION FOR EXPENSES, TRANSACTION Q ($60,011), ALSO INCLUDES TRANSACTION TYPE LABELED O. THESE TRANSACTIONS ARE ALL DETERMINED AT FAIR MARKET VALUE.