2023-11-14T17:57:20-06:00 2022-12-31 910189318 MOSS ADAMS LLP 601 W RIVERSIDE AVENUE STE 1800 SPOKANE WA 99201 990 2022-01-01 810243702 3 RIVERS TELEPHONE COOPERATIVE INC 3RIV 4064672535 PO BOX 429 FAIRFIELD MT 59436 EMILY A GULICK CFO 4064672535 2023-11-14 1 EMILY GULICK XXX-XX-XXXX 1 CHERI R BURNHAM CPA P00055324 5097472600 2023-11-14 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z 3 RIVERS COMMUNICATIONS DAVID GIBSON 406 2ND AVE S FAIRFIELD MT 59436 59261493 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 8 144 0 346147 0 0 0 55740829 56713205 1135320 575702 237916 397431 57114065 57686338 0 8000 12004860 6444328 1981492 2355693 0 0 0 43127713 48878317 57114065 57686338 0 0 188606502 184621071 69946954 69160867 118659548 115460204 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 1 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 1 260 0 1 144 1 1 1 0 0 0 0 20907378 2450551 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 38000 0 0 LOGAN P GOOD TRUSTEE 5.00 X 33546 0 0 KIRK R DIGE VICE PRESIDENT 5.00 X X 20348 0 0 HOWARD W GOLTZ TRUSTEE 5.00 X 17454 0 0 KELLY M MCINERNEY SECRETARY/TREASURER 5.00 X X 26471 0 0 KYLE J BURGMAIER TRUSTEE 5.00 X 32496 0 0 DIANE M GOLLEHON TRUSTEE 5.00 X 26971 0 0 DALE E GIEM TRUSTEE 5.00 X 35321 0 0 DAVID GIBSON CEO/GM 40.00 X 327650 0 -13991 EMILY GULICK CFO 40.00 X 126178 0 27175 DAVID MASSEY CFO (THRU 12/22) 40.00 X 274720 0 32093 ERNEST PETERSON DIRECTOR OF FACILITY OPERATIONS 40.00 X 172362 0 -7859 TIMOTHY HODGES DIRECTOR OF NETWORK OPERATIONS 40.00 X 165006 0 -3536 BONNIE MAYER DIRECTOR OF HUMAN RESOURCES 40.00 X 148173 0 361544 PEGGY POOR DIRECTOR OF CUSTOMER OPERATIONS 40.00 X 143641 0 -16728 TYLER LURA DISTRICT SUPERVISOR 40.00 X 139416 0 -62548 DANIEL KIMMET OSP ENGINEER 40.00 X 135764 0 -25777 STEVEN KROGUE II IP NETWORK TECHNICIAN 40.00 X 151694 0 -23200 2015211 0 267173 35 0 1 0 MASTEC INC 152 PARK AVENUE SHEVLIN MN 56676 CONSTRUCTION 10946480 M10 INC 1775 E SHADY LANE NEENAH WI 54956 CONSTRUCTION 5933676 MP NEXLEVEL LLC 500 COUNTY ROAD 37 EAST MAPLE LAKE MN 55358 CONSTRUCTION 3001285 OPTICAL XPERTS LLC 50 16TH ST SUITE B WINDOM MN 56101 CONSTRUCTION 1277253 MID-STATE CONSULTANTS INC 1475 NORTH 200 WEST NEPHI UT 84648 ENGINEERING 785230 17 WIRELINE 517000 37501217 37501217 INTERNET 517000 17943872 17943872 MISCELLANEOUS 517000 1268116 921969 346147 56713205 705025 705025 1445832 1575155 -129323 -129323 -129323 AFUDC 517000 397431 397431 397431 57686338 56367058 346147 973133 8000 6444328 1637005 718688 1156174 17362200 NONREGULATED 10565366 PLANT SPECIFIC OPERATIO 9406881 PLANT NONSPECIFIC OPERA 3696324 CORPORATE OPERATIONS 2497617 4193755 57686338 22527444 20255242 13839306 4276610 7098199 6674370 3045945 5772176 963273 1142539 300101549 180587991 110420460 119513558 7606107 7327964 23105768 19658612 188606502 184621071 10793586 14176717 48034854 43799208 11118514 11184942 69946954 69160867 X 0 0 11028385 11333347 107631163 104126857 118659548 115460204 188606502 184621071 X 0 -3199344 X 0 1 X 1 0 1399727 1399727 11844288 6988456 4855832 286857534 173599535 113257999 119513558 OTHER ASSETS 3260197 PLANT UNDER CONSTRUCTION 16398415 19658612 ADVANCED BILLING AND CUSTOMER DEPOSITS 2903972 OTHER NONCURRENT LIABILITIES 8280970 11184942 X 57909144 222806 222806 57686338 0 57686338 51464816 222806 222806 51242010 6444328 6444328 57686338 PART X, LINE 2: INCOME TAX STATUS - IN 2022 AND 2021, 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, 2022 AND 2021, 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 222,806. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON SALE OF SECURITIES 222,806. PART XII, LINE 4B - OTHER ADJUSTMENTS: BENEFITS TO MEMBERS 6,444,328. 0 THE MONTANA DINOSAUR CENTER PO BOX 786 BYNUM MT 59419 810500201 501(C)(3) 8000 0 YOUTH TECHNOLOGY GRANT 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 BONNIE MAYER DIRECTOR OF HUMAN RESOURCES 125952 0 18408 0 3813 0 348356 0 13188 0 509717 0 0 0 DAVID GIBSON CEO/GM 277544 0 47573 0 2533 0 -37850 0 23859 0 313659 0 0 0 DAVID MASSEY CFO (THRU 12/22) 194649 0 54293 0 25778 0 8441 0 23652 0 306813 0 0 0 ERNEST PETERSON DIRECTOR OF FACILITY OPERATIONS 145454 0 21349 0 5559 0 -26792 0 18933 0 164503 0 0 0 TIMOTHY HODGES DIRECTOR OF NETWORK OPERATIONS 139310 0 20365 0 5331 0 -26931 0 23395 0 161470 0 0 0 EMILY GULICK CFO 116647 0 12516 0 -2985 0 3997 0 23178 0 153353 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 ORGANIZATIONS 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 -1,115,215. PATRONAGE CAPITAL RETIRED - ESTATES AND DISCONNECTED BUSINESSES -367,778. OTHER COMPREHENSIVE INCOME 208,312. OTHER -14,394. BENEFITS PAID TO MEMBERS 6,444,328. SETTLEMENT FOR SOLD EXCHANGE -8,354,597.