2023-09-15T12:26:09-05:00 2022-12-31 411360831 OLSEN THIELEN & CO LTD 2675 LONG LAKE ROAD ROSEVILLE MN 551131117 990 2022-01-01 410747884 FEDERATED TELEPHONE COOPERATIVE FEDE 3203247111 PO BOX 156 EAST HIGHWAY 28 CHOKIO MN 56221 KEVIN BEYER GENERAL MANAGER 3203247111 2023-09-08 1 KEVIN BEYER XXX-XX-XXXX 0 GERRI A HOFF CPA P00976297 6514834521 2023-09-08 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z KEVIN BEYER PO BOX 156 EAST HIGHWAY 28 CHOKIO MN 56221 21443651 0 X WWW.FEDTEL.NET X 1952 MN PROVIDE THE BEST COMMUNICATIONS SERVICES AT A FAIR PRICE 7 7 0 0 113246 50350 0 0 0 11218123 0 3060 0 226501 0 11447684 0 0 0 2163364 0 403673 0 0 0 0 5666985 0 8234022 0 3213662 50577835 48975021 14085685 11942668 36492150 37032353 FEDERATED TELEPHONE PROVIDES THE BEST COMMUNICATIONS SERVICES AT A FAIR PRICE; EMPLOYING MODERN TECHNOLOGY AND UP-TO-DATE SERVICES; OFFERING PEOPLE CHOICES TO BE SUCCESSFUL AND ENHANCE THEIR QUALITY OF LIFE. 0 0 THROUGH TECHNOLOGY LEADERSHIP, SMART GROWTH, AND COMMUNITY ENGAGEMENT, OUR COOPERATIVE DEMONSTRATES EXTRAORDINARY FOCUS TO POSITIVELY TRANSFORM THOSE WE SERVE, OUR 4,899 MEMBERS. FEDERATED 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 1 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 1 351 0 1 0 1 1 0 0 0 0 0 0 5901351 880212 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 1 1 0 1 0 0 1 1 1 1 X X THE ORGANIZATION 3203247111 PO BOX 156 EAST HIGHWAY 28 CHOKIO MN 56221 DAN SMITH PRESIDENT 1.00 X X 12400 0 0 NANCY TAFFE VICE PRESIDENT 1.00 X X 12800 0 0 TIM DANIELSON SECRETARY/TREASURER 1.00 X X 13000 0 0 LUCAS DENEUI DIRECTOR 1.00 X 12400 0 0 LYNN SWENSON DIRECTOR 1.00 X 12200 0 0 JON HANSON DIRECTOR 1.00 X 12000 0 0 DENNIS SCHROEDER DIRECTOR 1.00 X 12400 0 0 KEVIN BEYER GENERAL MANAGER/CEO 40.00 X 0 292275 25937 PATRICIA KNUTSON ACCOUNTANT 40.00 X 0 138162 25761 JADE GEHRKE NETWORK SPECIALIST 40.00 X 0 131478 34828 THOMAS LORENZ OPERATIONS MANAGER 40.00 X 0 126673 27558 AARON ROGGENBUCK PLANT MANAGER 40.00 X 0 120038 34703 87200 808626 148787 5 0 1 0 J CARLSON SERVICES INC 646 1ST ST E SHEVLIN MN 56676 OUTSIDE PLANT CONSTRUCTION 1845913 CALIX INC 2777 ORCHARD PARKWAY SAN JOSE CA 95134 ELECTRONICS TO CONNECT NETWORK 625680 COOPERATIVE NETWORK SERVICES 14 MAIN ST SW PO BOX J MENAHGA MN 56464 ENGINEERING SERVICES 198245 NATIONAL INFORMATION SOLUTIONS COOPERATI PO BOX 1147 MANDAN ND 585541147 BILLING SERVICES 189370 CCI SYSTEMS 105 KENT STREET IRON MOUNTAIN MI 49801 ELECTRONICS 136060 5 TELEPHONE SERVICES 517000 11088904 11088904 PARTERNSHIP INCOME 517000 94596 94596 ADVERTISING 541800 34623 21380 13243 11218123 542753 542753 226501 0 226501 226501 126498 100003 9456274 9995967 -539693 -539693 -539693 11447684 11331378 113246 3060 X 2163364 87200 316473 9950 263864 74993 124851 340152 1970110 PLANT SPECIFIC 2195619 CUSTOMER OPERATIONS 807716 PLANT SUPPORT 489312 INTERNET 283848 -893430 8234022 1497024 1372474 830035 940034 122633 136836 61171 61912 104733 231491 41804736 27858822 15516137 13945914 29987406 26963187 1370400 1320867 7513 7513 1080783 3994793 50577835 48975021 498385 943990 173388 151714 10631067 9980530 2782845 866434 14085685 11942668 X 0 0 19024007 21636367 17468143 15395986 36492150 37032353 50577835 48975021 X 3213662 -3425956 752497 X X 0 1 X 1 0 88279 88279 3021326 1261206 1760120 7421724 6000484 1421240 31273407 20597132 10676275 13945914 MATERIALS AND SUPPLIES 607540 PREFUNDED PENSION DEPOSIT 284545 PLANT UNDER CONSTRUCTION 2845025 INCOME TAXES RECEIVABLE 257683 3994793 ADVANCED BILLINGS 216516 CUSTOMER DEPOSITS 43329 DEFERRED INCOME TAXES 271173 OTHER LIABILITIES 335416 866434 X 7944861 -3425956 -1874 -3427830 11372691 74993 74993 11447684 5993791 0 5993791 74993 2165238 2240231 8234022 PART X, LINE 2: ASC 740 DISCLOSURE FROM AUDITED FINANCIAL STATEMENTS: 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 SIGNIFICANT INCOME TAX UNCERTAINTIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: BAD DEBT EXPENSE INCLUDED IN FINANCIAL STATEMENT INCOME -1,874. PART XII, LINE 4B - OTHER ADJUSTMENTS: ALLOCATION OF 2022 MARGINS REPORTED ON PAGE 10, PART IX, LINE 4 2,163,364. BAD DEBT EXPENSE INCLUDED IN FINANCIAL STATEMENT INCOME 1,874. X 0 1 X X X X 0 0 0 KEVIN BEYER GENERAL MANAGER/CEO 0 292275 0 0 0 0 0 2920 0 23017 0 318212 0 0 JADE GEHRKE NETWORK SPECIALIST 0 131478 0 0 0 0 0 1337 0 33491 0 166306 0 0 PATRICIA KNUTSON ACCOUNTANT 0 138162 0 0 0 0 0 1399 0 24362 0 163923 0 0 AARON ROGGENBUCK PLANT MANAGER 0 120038 0 0 0 0 0 1212 0 33491 0 154741 0 0 THOMAS LORENZ OPERATIONS MANAGER 0 126673 0 0 0 0 0 1331 0 26227 0 154231 0 0 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 ALLOCATES. 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. APPROVAL IS REQUIRED OF THE FULL BOARD. FORM 990, PART VI, SECTION C, LINE 19 FEDERATED'S ANNUAL REPORT IS ON OUR WEBSITE WWW.FEDTEL.NET. THE ANNUAL FINANCIAL REPORT IS AVAILABLE AT THE MEMBERSHIP ANNUAL MEETING AND UPON REQUEST AT OUR OFFICE. FORM 990, PART IX, LINE 24E CORPORATE OPERATIONS 232,763. NETWORK OPERATIONS 168,369. PROPERTY TAXES 41,326. CHARITABLE CONTRIBUTIONS 5,531. BAD DEBTS 1,874. INCOME TAX EXPENSE -1,343,293. FORM 990, PART XI, LINE 9: RETIREMENT OF PATRONAGE CAPITAL -1,297,764. ALLOCATION OF 2022 MARGINS REPORTED ON PAGE 10, PART IX, LINE 4 2,163,364. NET UNREALIZED LOSS ON PREFUNDED PENSION DEPOSIT -108,199. NET UNREALIZED LOSS ON AVAILABLE-FOR-SALE SECURITIES -4,904. FORM 990, PART XII, LINE 2C THE BOARD HAS ASSUMED RESPONSIBILITY FOR SELECTION OF THE INDEPENDENT AUDITORS AND OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS. ACIRA LLC PO BOX 156 EAST HIGHWAY 28 CHOKIO MN 56221 410747884 EMPLOYMENT GROUP MN FEDERATED TELEPHONE COOPERATIVE RELATED -1608 176482 0 1 0.50000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 ACIRA LLC O 2797292 FAIR MARKET VALUE OF EXPENSES