2022-09-23T11:03:18-05:00 2021-12-31 411360831 OLSEN THIELEN & CO LTD 2675 LONG LAKE ROAD ST PAUL MN 55113 990 2021-01-01 410271520 GARDEN VALLEY TELEPHONE COMPANY DBA GARDEN VALLEY TECHNOLOGIES GARD 2186875251 PO BOX 259 201 ROSS AVE ERSKINE MN 565350259 LEE HOAAS TREASURER 2186875251 2022-08-19 1 LEE HOAAS XXX-XX-XXXX ALLISON L BOYD CPA P00535697 6514834521 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z TIMOTHY BRINKMAN PO BOX 259 201 ROSS AVE ERSKINE MN 565350259 40545530 0 X WWW.GVTEL.COM X 1906 MN PROVIDE COMMUNICATION SERVICES TO ITS MEMBERS ON A NON-PROFIT COOPERATIVE BASIS. 9 9 112 0 9403 5159 0 0 38082025 40432098 163382 98037 7551 6664 38252958 40536799 0 0 8964980 8386405 9802107 10321992 0 0 0 19485871 21828402 38252958 40536799 0 0 103261715 115867634 30145259 36796000 73116456 79071634 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 1 432 0 1 112 1 1 1 0 0 0 0 0 0 20866799 908225 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 BYRON NESS PRESIDENT 1.00 X X 10768 0 0 ARLENE NOVAK VICE PRESIDENT 1.00 X X 11753 0 0 JAMES FERDEN SECRETARY 1.00 X X 10706 0 0 LELAND HOAAS DIRECTOR 1.00 X 10350 0 0 CASEY HOLLAND DIRECTOR 1.00 X 9801 0 0 ALLEN PAULSON TREASURER 1.00 X X 11815 0 0 LARRY DJERNES DIRECTOR 1.00 X 8850 0 0 RONALD KIESOW DIRECTOR 1.00 X 8850 0 0 JIM DEVRIES DIRECTOR 1.00 X 11100 0 0 TIMOTHY BRINKMAN CEO/GENERAL MANAGER 40.00 X 302053 0 94812 MARK KLINKHAMMER FINANCE MANAGER 40.00 X 122265 0 41946 SUE RASMUSSEN PERSONNEL & ADMIN MANAGER 40.00 X 125802 0 45664 STEVE OLSON OPERATIONS MANAGER 40.00 X 126816 0 51385 JON SMITH FACILITIES MANAGER 40.00 X 125314 0 51230 BRIAN GRUNHOVD NETWORK & TECHNOLOGY MANAG 40.00 X 119680 0 49680 HEIDI HAAVEN MARKETING & COMM. MANAGER 40.00 X 121446 0 49860 1137369 0 384577 14 0 1 0 MP NEXLEVEL LLC 500 COUNTY RD 37 NW MAPLE LAKE MN 55358 BURIED FIBER OPTIC CABLE INSTALLATION 8331518 COOPERATIVE NETWORK SERVICES LLC PO BOX J MENAHGA MN 56464 ENGINEERING SERVICES 1152004 JCS INC 646 1ST ST E SHEVLIN MN 56676 INTERNET/VIDEO INSTALLATIONS 596314 INNOVATIVE SYSTEMS 4722 HWY 71 NE WILLMAR MN 56201 SOFTWARE MAINTENANCE AND SUPPORT 363484 CONSTRUCTION ENGINEERS INC 200 N 69TH STREET GRAND FORKS ND 58203 BUILDING CONSTRUCTION 357061 12 TELEPHONE SERVICES 517000 40151275 40151275 PARTNERSHIP INCOME 517000 278084 278084 ADVERTISING 541800 2739 2739 40432098 98037 98037 15395 8731 6664 6664 6664 40536799 40429359 9403 98037 8386405 655069 7950353 1716570 71244 61687 536686 7357836 PLANT, MAINTENANCE & CO 6373971 ACCESS, PROGRAMMING AND 4242827 CUSTOMER 1900962 CORPORATE 1129127 154062 40536799 7809815 7894906 100 55 34875 181766 2503982 2917246 739289 596058 47257 156921 151773065 70070267 72020205 81702798 5777089 6619728 2768050 2754846 128095 53087 11432958 12990223 103261715 115867634 2194620 2808120 25532150 31489431 2418489 2498449 30145259 36796000 X 0 0 66155628 69451678 6960828 9619956 73116456 79071634 103261715 115867634 X 0 842639 5112538 X X 0 1 X 1 0 346917 346917 9533226 3892483 5640743 36524673 25502139 11022534 105368249 40675645 64692604 81702798 MATERIALS AND SUPPLIES 1353233 PREFUNDED PENSION DEPOSIT 2004068 PLANT UNDER CONSTRUCTION 9632922 12990223 POST RETIREMENT BENEFITS 1249880 OTHER LIABILITIES 381657 ADVANCED BILLINGS 866912 2498449 X 41388169 842639 8731 851370 40536799 0 40536799 32159125 8731 8731 32150394 8386405 8386405 40536799 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: $8,731 PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES: $8,731 PART XII, LINE 4B - OTHER ADJUSTMENTS: ALLOCATION OF 2021 MARGINS REPORTED ON PAGE 10, PART IX, LINE 4: $8,386,405 X X 0 0 0 TIMOTHY BRINKMAN CEO/GENERAL MANAGER 302053 0 0 0 0 0 71192 0 23620 0 396865 0 0 0 STEVE OLSON OPERATIONS MANAGER 126816 0 0 0 0 0 30679 0 20706 0 178201 0 0 0 JON SMITH FACILITIES MANAGER 125314 0 0 0 0 0 30524 0 20706 0 176544 0 0 0 SUE RASMUSSEN PERSONNEL & ADMIN MANAGER 125802 0 0 0 0 0 30609 0 15055 0 171466 0 0 0 HEIDI HAAVEN MARKETING & COMM. MANAGER 121446 0 0 0 0 0 29154 0 20706 0 171306 0 0 0 BRIAN GRUNHOVD NETWORK & TECHNOLOGY MANAG 119680 0 0 0 0 0 28974 0 20706 0 169360 0 0 0 MARK KLINKHAMMER FINANCE MANAGER 122265 0 0 0 0 0 29867 0 12079 0 164211 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 30,472. RETIREMENT OF PATRONAGE CAPITAL -3,617,852. ALLOCATION OF 2021 MARGINS REPORTED ON PAGE 10, PART IX, LINE 4 8,386,405. NET UNREALIZED GAIN ON PREFUNDED PENSION DEPOSIT 274,217. TRANSFER 39,296. 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 82321 274931 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