2023-09-19T11:25:57-05:00 2022-12-31 910189318 MOSS ADAMS LLP 601 W RIVERSIDE AVENUE STE 1800 SPOKANE WA 99201 990 2022-01-01 420650488 KALONA COOPERATIVE TELEPHONE COMPANY KALO 3196563668 510 B AVENUE KALONA IA 52247 CASEY PECK CFO/GENERAL MANAGER 3196563668 2023-09-19 1 CASEY PECK 999009999 0 CHERI R BURNHAM CPA P00055324 5097472600 2023-09-19 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z CASEY PECK 510 B AVENUE KALONA IA 52247 7987174 0 X N/A X 1905 IA TO PROVIDE TELECOMMUNICATION SERVICES TO ITS MEMBERS. 7 7 24 0 84179 0 244694 36998 6759879 7664993 113401 155869 158078 126515 7276052 7984375 0 0 1137303 1261482 567199 469120 0 0 0 5513625 6233014 7218127 7963616 57925 20759 16733268 19410393 6939233 8412104 9794035 10998289 TO PROVIDE TELECOMMUNICATION SERVICES TO ITS MEMBERS. 0 0 THE COOPERATIVE PROVIDES QUALITY TELECOMMUNICATION SERVICES TO ITS MEMBER SUBSCRIBERS. THESE SERVICES INCLUDE LOCAL EXCHANGE SERVICES, TOLL SERVICES, TERMINAL EQUIPMENT FOR SALE OR LEASE, INTERNET SERVICES, PCS SERVICES, INSTALL, AND MAINTENANCE OF CUSTOMER PREMISE WIRING, VIDEO SERVICES, AND OTHER MISC. SERVICES FOR QUALITY TELECOMMUNICATIONS SERVICE. 0 1 0 0 0 0 0 0 0 1 0 0 0 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 16 0 1 24 1 1 1 0 0 0 0 5157370 599898 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 0 0 IA X CASEY PECK 3196563668 510 B AVENUE PO BOX 1208 KALONA IA 522471208 STEVE RICH VICE PRESIDENT 1.00 X X 8287 0 0 ATLEE YODER SECRETARY 1.00 X X 10867 0 0 STEVE YOTTY PRESIDENT 1.00 X X 8547 0 0 CURT WYSE DIRECTOR 1.00 X 9567 0 0 KEITH TROYER DIRECTOR 1.00 X 6800 0 0 JEREMY KUENSTER DIRECTOR 1.00 X 6800 0 0 LUKE HORAK DIRECTOR 1.00 X 9400 0 0 CASEY PECK CFO/GENERAL MANAGER 50.00 X 174145 0 42303 JEREMY GUGEL ASSISTANT MANAGER 32.00 X 115055 0 31890 349468 0 74193 2 0 1 0 SKITTER CABLE TV INC 3230 PEACHTREE CORNERS CIRCLE SUIT NORCROSS GA 30092 VIDEO SERVICE 923482 HARTCO CABLE INC AND HART ENTERPRISE 1401 GORMAN DR GENESEO IL 61254 FIBER / DUCT INSTALLATION 897702 SLABACH CONSTRUCTION COMPANY 215 14TH ST PO BOX 814 KALONA IA 52247 FIBER / DUCT INSTALLATION 648908 CALIX PO BOX 122400 DALLAS TX 75312 ONT EQUIPMENT / SERVICES 629506 NATIONAL INFORMATION SOLUTIONS COOPERATI ONE INNOVATION CIRCLE LAKE SAINT LOUIS MO 63367 BILLINGS 161358 5 36998 36998 TELECOMMUNICATION SERV 517000 7664993 7664993 7664993 155869 155869 31777 2799 28978 28978 7401 21577 DIRECTORY REVENUE 513140 40039 40039 SALES TO NON-MEMBERS 900099 36739 36739 SUBSIDIARY EARNINGS 900099 20759 20759 97537 7984375 7685752 84179 177446 1261482 253716 215404 17128 166629 35705 243983 1593599 PLANT SPECIFIC 1416363 COST OF SERVICE 1336012 CORPORATE OPERATIONS 735215 CUSTOMER AND OTHER 597842 90538 7963616 430649 510382 1410393 1267792 747465 842321 625476 828727 73254 75091 30516578 16816115 11629038 13700463 995608 1047376 12161 10359 809224 829983 0 297899 16733268 19410393 695374 754142 103113 589549 6121158 7042937 19588 25476 6939233 8412104 X 28280 31590 0 0 9765755 10966699 9794035 10998289 16733268 19410393 X 20759 23995 1159500 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 96792 64696 161488 280433 2013446 1254224 1039655 27803062 15303742 12499320 25298 232851 258149 0 13700463 CUSTOMER DEPOSITS 25476 25476 X PART X, LINE 2: THE PARENT COMPANY, KALONA COOPERATIVE TELEPHONE COMPANY, IS ORGANIZED UNDER THE COOPERATIVE LAWS OF THE STATE OF IOWA. THE COMPANY HAS OBTAINED AN EXEMPTION FROM FEDERAL INCOME TAXES UNDER CODE SECTION 501(C)12. WITH RESPECT TO COOPERATIVE OPERATIONS, THE FINANCIAL STATEMENTS REFLECT NO PROVISION OR LIABILITY FOR INCOME TAXES. X X 0 1 0 CASEY PECK CFO/GENERAL MANAGER 152407 0 21738 0 0 0 13718 0 28585 0 216448 0 0 0 PART I, LINE 4B THE COOPERATIVE HAS A NONQUALIFIED RETIREMENT PLAN FOR CASEY PECK. THE AMOUNT ACCRUED IN THE PLAN IS $37,662 AS OF DECEMBER 31, 2022. FORM 990, PART VI, SECTION A, LINE 6 ALL CUSTOMER SUBSCRIBING TO TELEPHONE, INTERNET, AND VIDEO SERVICE ARE REQUIRED TO MAINTAIN A $10 MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7A ALL MEMBERS OF THE BOARD OF DIRECTORS ARE VOTED IN DURING THE ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 7B EVERYDAY DECISIONS MADE BY THE BOARD OF DIRECTORS ARE NOT SUBJECT TO MEMBER APPROVAL. CERTAIN ACTIONS DO REQUIRE THE APPROVAL OF MEMBERS INCLUDING THE LIQUIDATION FO ASSETS AND PLANS OF MERGER OR SALE. FORM 990, PART VI, SECTION B, LINE 11B AN INDEPENDENT ACCOUNTING FIRM PREPARES AND REVIEWS THE 990. THE 990 IS THEN REVIEWED BY MANAGEMENT. ANY QUESTIONS OR CONCERNS MANAGEMENT HAS ARE ADDRESSED AND CORRECTIONS OR CLARIFICATIONS ARE MADE. THE FINAL 990 WITH ALL REQUIRED SCHEDULES IS THEN PROVIDED TO ALL VOTING MEMBERS OF THE BOARD SUBSEQUENT TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE COOPERATIVE HAS A CONFLICT OF INTEREST POLICY WHICH REQUIRES ANNUAL DISCLOSURE OF POTENTIAL CONFLICTS. POTENTIAL CONFLICTS ARE ADDRESSED AT BOTH THE BOARD AND MANAGEMENT LEVELS. BOARD MEMBERS WITH A POTENTIAL CONFLICT OF INTEREST ARE EXCLUDED FROM VOTING ON THAT MATTER. FORM 990, PART VI, SECTION B, LINE 15A THE WAGES ARE SUGGESTED TO THE BOARD BY THE PRESIDENT OF THE ORGANIZATION FOR THE GENERAL MANAGER AND THEN APPROVED BY A MAJORITY VOTE. THE BOARD REVIEWS THE RURAL BROADBAND ASSOCIATION'S COMPENSATION AND BENEFIT REPORT TO DETERMINE THE GENERAL MANAGER'S COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: PAYMENT OF PATRONAGE CAPITAL -125,563. CHANGE IN MEMBERSHIP 3,310. DISCOUNTED CAPTIAL CREDITS 20,271. PATRONAGE ALLOCATION 1,261,482. COMMUNICATIONS NETWORK INC 510 B AVE KALONA IA 52247 421232551 TELECOMMUNICATIONS IA KALONA COOPERATIVE TELEPHONE COMPANY C 20759 1086488 1.00000 1 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 COMMUNICATIONS NETWORK INC A 10200 COST