2023-11-01T09:21:58-05:00 2022-12-31 411360831 OLSEN THIELEN & CO LTD 2675 LONG LAKE ROAD ST PAUL MN 55113 990 2022-01-01 410271520 GARDEN VALLEY TELEPHONE COMPANY DBA GARDEN VALLEY TECHNOLOGIES GARD 2186875251 PO BOX 259 201 ROSS AVE ERSKINE MN 565350259 LEE HOAAS TREASURER 2186875251 2023-10-17 1 LEE HOAAS XXX-XX-XXXX 1 ALLISON L BOYD CPA P00535697 6514834521 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z TIMOTHY BRINKMAN PO BOX 259 201 ROSS AVE ERSKINE MN 565350259 42432065 0 X WWW.GVTEL.COM X 1906 MN PROVIDE COMMUNICATION SERVICES TO ITS MEMBERS ON A NON-PROFIT COOPERATIVE BASIS. 9 9 110 0 8909 4967 0 0 40432098 41852743 98037 563927 6664 6454 40536799 42423124 0 0 8386405 8637718 10321992 11413536 0 0 0 21828402 22371870 40536799 42423124 0 0 115867634 118734754 36796000 35482687 79071634 83252067 PROVIDE COMMUNICATION SERVICES TO ITS MEMBERS ON A NON-PROFIT COOPERATIVE BASIS. 0 0 GARDEN VALLEY TELEPHONE COMPANY PROVIDES COMMUNICATION SERVICES TO ITS MEMBERS 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 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 341 0 1 110 1 1 1 0 0 0 0 0 0 21762182 1726806 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 1 0 1 0 0 1 1 1 1 X THE ORGANIZATION 2186875251 PO BOX 259 201 ROSS AVE ERSKINE MN 565350259 TIMOTHY BRINKMAN CEO/GENERAL MANAGER 40.00 X 317382 0 107617 STEVE MUELLER CHIEF FINANCIAL OFFICER 40.00 X 160748 0 50758 JON SMITH FACILITIES MANAGER 40.00 X 134349 0 57830 BRIAN GRUNHOVD NETWORK & TECHNOLOGY MANAGER 40.00 X 129415 0 56462 HEIDI HAAVEN COMMUNICATIONS & MARKETING MANAGER 40.00 X 133376 0 51131 SUE RASMUSSEN PERSONNEL & ADMIN MANAGER 40.00 X 132563 0 51415 STEVE OLSON OPERATIONS MANAGER 40.00 X 136115 0 40330 ALLEN PAULSON SECRETARY 1.00 X X 13774 0 0 JAMES FERDEN VICE PRESIDENT 1.00 X X 12128 0 0 ARLENE NOVAK PRESIDENT 1.00 X X 11509 0 0 JAMES DEVRIES DIRECTOR 1.00 X 10792 0 0 LELAND HOAAS TREASURER 1.00 X X 10451 0 0 BYRON NESS DIRECTOR 1.00 X 10367 0 0 RONALD KIESOW DIRECTOR 1.00 X 10324 0 0 LARRY DJERNES DIRECTOR 1.00 X 9929 0 0 CASEY HOLLAND DIRECTOR 1.00 X 9901 0 0 1243123 0 415543 21 0 1 0 MP NEXLEVEL LLC 500 COUNTY RD 37 NW MAPLE LAKE MN 55358 BURIED FIBER OPTIC CABLE INSTALLATION 2323877 HANSON CONSTRUCTION PO BOX 410 THIEF RIVER FALLS MN 56701 STORE-REMODEL CONSTRUCTION 844306 JCS INC 646 1ST ST E SHEVLIN MN 56676 INTERNET/VIDEO INSTALLATIONS 477309 INNOVATIVE SYSTEMS 1000 HWY 71 NE WILLMAR MN 56201 SOFTWARE MAINTENANCE AND SUPPORT 367641 OPTICAL XPERTS LLC 50 16TH ST SUITE B WINDOM MN 56101 FIBER OPTIC PLACEMENT 232809 11 TELEPHONE SERVICES 517000 41611618 41611618 PARTNERSHIP INCOME 517000 238670 238670 ADVERTISING 541800 2455 2455 41852743 125159 125159 15395 8941 6454 6454 6454 438768 0 438768 438768 438768 42423124 42289056 8909 125159 8637718 735680 8415360 2262496 26455 57379 601296 7117492 PLANT, MAINTENANCE & CO 6825052 ACCESS, PROGRAMMING AND 4472821 CUSTOMER 1986205 CORPORATE 1028051 257119 42423124 7894906 8275338 55 40 181766 657674 2917246 3162762 596058 1403518 156921 226187 147374353 69790269 81702798 77584084 6619728 5273936 2754846 2701568 53087 25997 12990223 19423650 115867634 118734754 2808120 1593005 31489431 31191134 2498449 2698548 36796000 35482687 X 0 0 69451678 75327645 9619956 7924422 79071634 83252067 115867634 118734754 X 0 -1345792 5526225 X X 0 1 X 1 0 346917 346917 9496683 4229095 5267588 32787709 23858401 8929308 104743044 41702773 63040271 77584084 MATERIALS AND SUPPLIES 3787842 PREFUNDED PENSION DEPOSIT 1329219 PLANT UNDER CONSTRUCTION 14306589 19423650 POST RETIREMENT BENEFITS 1392453 OTHER LIABILITIES 386712 ADVANCED BILLINGS 919383 2698548 X 41086273 -1345792 8941 -1336851 42423124 0 42423124 33794347 8941 8941 33785406 8637718 8637718 42423124 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. THIS INCLUDES POSITIONS THAT THE ENTITY IS EXEMPT FROM INCOME TAXES OR NOT SUBJECT TO INCOME TAXES ON UNRELATED BUSINESS INCOME. 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: RENTAL EXPENSES: $8,941 PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES: $8,941 PART XII, LINE 4B - OTHER ADJUSTMENTS: ALLOCATION OF 2022 MARGINS REPORTED ON PAGE 10, PART IX, LINE 4: $8,637,718 X X 0 0 0 TIMOTHY BRINKMAN CEO/GENERAL MANAGER 317382 0 0 0 0 0 83150 0 24467 0 424999 0 0 0 STEVE MUELLER CHIEF FINANCIAL OFFICER 160748 0 0 0 0 0 41578 0 9180 0 211506 0 0 0 JON SMITH FACILITIES MANAGER 134349 0 0 0 0 0 36369 0 21461 0 192179 0 0 0 BRIAN GRUNHOVD NETWORK & TECHNOLOGY MANAGER 129415 0 0 0 0 0 35001 0 21461 0 185877 0 0 0 HEIDI HAAVEN COMMUNICATIONS & MARKETING MANAGER 133376 0 0 0 0 0 35525 0 15606 0 184507 0 0 0 SUE RASMUSSEN PERSONNEL & ADMIN MANAGER 132563 0 0 0 0 0 35809 0 15606 0 183978 0 0 0 STEVE OLSON OPERATIONS MANAGER 136115 0 0 0 0 0 36559 0 3771 0 176445 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE COOPERATIVE IS MEMBER-OWNED, AND EACH MEMBER HAS AN EQUAL VOTING RIGHT TO ELECT THE BOARD OF DIRECTORS AND APPROVE CHANGES TO THE COOPERATIVE'S BY-LAWS. FORM 990, PART VI, SECTION A, LINE 7A THE COOPERATIVE IS MEMBER-OWNED AND EACH MEMBER HAS AN EQUAL VOTING RIGHT TO ELECT THE BOARD OF DIRECTORS AND APPROVE CHANGES TO THE COOPERATIVE'S BY-LAWS. FORM 990, PART VI, SECTION A, LINE 7B ANY CHANGES IN BY-LAWS ARE SUBJECT TO APPROVAL BY MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE CHIEF FINANCIAL OFFICER REVIEWS THE RETURN IN DETAIL BEFORE IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE COMPANY'S BYLAWS REQUIRE DIRECTORS TO DISCLOSE TO THE BOARD ANY CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 ANNUALLY, COMPENSATION LEVELS ARE REVIEWED, COMPARED WITH THE COMPENSATION LEVELS OF SIMILAR ORGANIZATIONS, AND ADJUSTED ACCORDINGLY. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE GIVEN TO ALL MEMBERS ATTENDING THE COMPANY'S ANNUAL MEETING. ALL GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: EXCISE TAX REFUND 24,631. RETIREMENT OF PATRONAGE CAPITAL -2,783,192. ALLOCATION OF 2022 MARGINS REPORTED ON PAGE 10, PART IX, LINE 4 8,637,718. NET UNREALIZED LOSS ON PREFUNDED PENSION DEPOSIT -353,099. TRANSFER 167. 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. GARDEN VALLEY INNOVATIONS LLC 201 ROSS AVENUE ERSKINE MN 56535 814324437 PROVIDES IT SUPPORT AND RELATED SERVICES MN 0 304353 GARDEN VALLEY TELEPHONE COMPANY GARDEN VALLEY EDUCATION FOUNDATION 201 ROSS AVENUE ERSKINE MN 56535 411682056 COMMUNITY SUPPORT THROUGH TECHNOLOGY GRANTS TO AREA PUBLIC SCHOOL DISTRICTS MN 501(C)(3) PF N/A 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 ALL AMOUNTS UNDER REPORTING THRESHOLD