2023-09-22T08:57:15-05:00 2022-12-31 411360831 OLSEN THIELEN & CO LTD 2675 LONG LAKE ROAD ST PAUL MN 55113 990 2022-01-01 410721924 CONSOLIDATED TELEPHONE COMPANY CONS 2184541234 1102 MADISON STREET PO BOX 972 BRAINERD MN 564010972 KRISTI WESTBROCK CEO/GENERAL MANAGER 2184541234 2023-08-29 1 KRISTI WESTBROCK 999009999 0 L JOSEPH MAYER CPA P00092661 6514834521 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z KRISTI WESTBROCK 1102 MADISON STREET PO BOX 972 BRAINERD MN 564010972 38027476 0 X WWW.GOCTC.COM X 1950 MN PROVIDE COMMUNICATION SOLUTIONS PROVIDING PRODUCTS AND SERVICES ENHANCING OUR CUSTOMERS' LIVES. 8 8 83 0 31667 4946 0 0 34789235 37142261 14625 18880 849221 866335 35653081 38027476 0 0 5444667 4618311 2258162 2569798 0 0 0 28167383 30839367 35870212 38027476 -217131 0 86072377 101103443 31785041 43589481 54287336 57513962 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 16,332 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 1 323 0 1 83 1 1 1 0 0 0 0 0 0 26286030 1493555 0 0 0 X 8 8 1 0 0 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 377554 0 158743 MARK N ROACH CFO THRU 3/1/2022 40.00 X 240653 0 60548 GREGORY SPRINGER CFO BEGINNING 3/1/2022 40.00 X 207446 0 89899 LAUREN JOHNSON ACCOUNT EXECUTIVE 40.00 X 176341 0 82490 ANDREW ISACKSON CHIEF MARKETING OFFICER 40.00 X 169109 0 78483 JASON ATWATER CHEIF OPERATIONS OFFICER 40.00 X 164318 0 78553 JOSEPH BUTTWEILER CHIEF STRATEGY OFFICER 40.00 X 169697 0 72218 RYAN ROSENWALD TECHNOLOGY SERVICES MANAGER 40.00 X 147987 0 73734 ERYK HAAPAJOKI DIRECTOR OF SALES 40.00 X 142915 0 72259 SHEILA HAVERKAMP THRU 532022 BOARD MEMBER 2.00 X 38530 0 0 KATHLEEN KOBLISKA TREASURER 2.00 X X 17585 0 0 KIRK SMITH CHAIRPERSON 2.00 X X 17235 0 0 CHAD CONVERSE SECRETARY 2.00 X X 17235 0 0 AMANDA LOWE VICE CHAIRPERSON 2.00 X X 15835 0 0 HEATHER HOSKINS BOARD MEMBER 2.00 X 15385 0 0 MICHAEL WETZEL BOARD MEMBER 2.00 X 13635 0 0 MORRIS NELSON BOARD MEMBER 2.00 X 11535 0 0 LELAND SEGLER BOARD MEMBER 2.00 X 7200 0 0 JERRY PALM THRU 512022 BOARD MEMBER 2.00 X 3200 0 0 1953395 0 766927 13 0 1 0 ELITE UNDERGROUND INC 9351 OAK BLUFF BRAINERD MN 56401 FIBER CONSTRUCTION 3563639 NORTH CENTRAL SERVICES INC PO BOX 310 BEMIDJI MN 56619 FIBER CONSTRUCTION 1210909 MP NEXLEVEL LLC 500 CO RD 37E MAPLE LAKE MN 55358 FIBER CONSTRUCTION 1205340 ERIC'S EXCAVATING INC PO BOX 853 NISSWA MN 56468 FIBER CONSTRUCTION 1021410 RAMSTAD TECHNOLOGIES INC PO BOX 127 PILLAGER MN 56473 FIBER SPLICING 997409 11 TELEPHONE SERVICES 517000 36858205 36858205 PARTNERSHIP INCOME 517000 252389 252389 ADVERTISING INCOME 541800 31667 31667 37142261 18880 18880 619760 0 619760 619760 619760 MISCELLANEOUS 517000 246575 246575 246575 38027476 37730354 31667 265455 4618311 1233888 1335910 60731 67578 764598 1074066 8041927 REPAIRS & MAINTENANCE 6517272 NONREGULATED ACTIVITY E 5987412 CORPORATE OPERATIONS 3229507 CUSTOMER OPERATIONS 3017408 2078868 38027476 8702463 5356807 2033424 2042396 1589466 7969942 312064 217871 2605013 6045107 4108266 3217665 136647634 73076213 64492889 63571421 100000 100000 2128792 3871146 0 8711088 86072377 101103443 3297765 6349082 300000 300000 853037 882698 26272230 26119247 1062009 9938454 31785041 43589481 X 0 0 0 0 54287336 57513962 54287336 57513962 86072377 101103443 X 0 3226626 X X 0 1 X 1 0 323941 323941 38144908 13527246 24617662 98178785 59548967 38629818 63571421 RIGHT OF USE ASSET 8711088 8711088 DEPOSITS AND ADVANCE PAYMENTS 33312 OTHER DEFERRED CHARGES 479359 POST RETIREMENT OBLIGATION 589613 OPERATING LEASE OBLIGATION 8836170 9938454 X 37964208 -63268 -63268 38027476 0 38027476 33345897 0 33345897 4681579 4681579 38027476 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 -63,268. PART XII, LINE 4B - OTHER ADJUSTMENTS: EXPENSES NETTED AGAINST INCOME ON F/S 63,268. ALLOCATION OF 2022 MARGINS REPORTED ON PAGE 10, PART IX, LINE 4 4,618,311. X 1 1 X X X 0 0 0 KRISTI WESTBROCK CEO/GENERAL MANAGER 377554 0 0 0 0 0 120635 0 38108 0 536297 0 0 0 MARK N ROACH CFO THRU 3/1/2022 240653 0 0 0 0 0 51717 0 8831 0 301201 0 0 0 GREGORY SPRINGER CFO BEGINNING 3/1/2022 207446 0 0 0 0 0 55172 0 34727 0 297345 0 0 0 LAUREN JOHNSON ACCOUNT EXECUTIVE 176341 0 0 0 0 0 47471 0 35019 0 258831 0 0 0 ANDREW ISACKSON CHIEF MARKETING OFFICER 169109 0 0 0 0 0 44482 0 34001 0 247592 0 0 0 JASON ATWATER CHEIF OPERATIONS OFFICER 164318 0 0 0 0 0 43891 0 34662 0 242871 0 0 0 JOSEPH BUTTWEILER CHIEF STRATEGY OFFICER 169697 0 0 0 0 0 44545 0 27673 0 241915 0 0 0 RYAN ROSENWALD TECHNOLOGY SERVICES MANAGER 147987 0 0 0 0 0 39636 0 34098 0 221721 0 0 0 ERYK HAAPAJOKI DIRECTOR OF SALES 142915 0 0 0 0 0 38565 0 33694 0 215174 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. KRISTI WESTBROCK, GENERAL MANANGER/CEO OF CONSOLIDATED TELEPHONE COMPANY, WAS ALSO THE CHIEF MANAGER OF A RELATED COMPANY IN WHICH CTC HAS INVESTED, CONSOLIDATED WEST, LLC THROUGH NOVEMBER 10, 2022. 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 -1,059,450. PREFUNDED PENSION DEPOSIT LOSSES -226,934. ALLOCATION OF 2022 MARGINS REPORTED ON PAGE 10, PART IX, LINE 4 4,618,311. SUBSIDIARY EARNINGS -105,301. FORM 990, PART XI, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. CONSOLIDATED WEST LLC PO BOX 304 C/O WEST CENTRAL TELEPHO SEBEKA MN 564770304 262382202 WIRELESS COMMUNICATIONS MN N/A INVESTMENT 56261 0 0 0.50000 ALPENGLOW TECHNOLOGIES LLC DBA XTONA 6687 MULBERRY CIRCLE EAST CHANHASSEN MN 55317 272718298 IT SERVICES MN N/A INVESTMENT -49029 84941 0 0 0.40000 LAKE PARTNERS LLC 1102 MADISON STREET PO BOX 972 BRAINERD MN 56401 831765761 TELEPHONE SERVICE MN N/A INVESTMENT -500 56050 0 0 0.50000 CONTEL SYSTEMS INC 1102 MADISON ST PO BOX 972 BRAINERD MN 56401 411482990 EQUIPMENT SALES & LEASE MN N/A C 145439 2290454 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 33075 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 ($33,075), ALSO INCLUDES TRANSACTION TYPE LABELED O. THESE TRANSACTIONS ARE ALL DETERMINED AT FAIR MARKET VALUE.