2022-11-15T12:37:09-06:00 2021-12-31 FORVIS LLP 1401 50th Street Suite 350 West Des Moines IA 502665935 990 2021-01-01 420591540 WELLMAN COOPERATIVE TELEPHONE ASSOCIATION % DION SCHMINKE WELL 3196466075 305 8TH AVENUE PO BOX 170 WELLMAN IA 52356 DION SCHMINKE GENERAL MANAGER, COO 3196466075 2022-11-15 true Dion Schminke COO 999009999 Joe R Lynn P01270416 5152230159 2022-11-15 3 2021 2022-09-23 18:48:47Z DION SCHMINKE 305 8TH AVENUE PO BOX 170 WELLMAN IA 52356 3036086 false X WWW.WELLMANTELEPHONE.COM X 1952 IA TO PROVIDE HIGH QUALITY, RELIABLE TELECOMMUNICATIONS SERVICES TO ITS MEMBERS. 7 7 6 10249 0 0 156795 2533730 2684931 83833 45805 180096 108952 2797659 2996483 4469 7624 197418 264218 819233 651683 0 0 0 1755990 1896813 2777110 2820338 20549 176145 7588845 7702432 3177582 2900490 4411263 4801942 TO PROVIDE HIGH QUALITY, RELIABLE TELECOMMUNICATIONS SERVICES TO ITS MEMBERS. false false THE COOPERATIVE PROVIDES QUALITY SERVICES TO ITS MEMBER SUBSCRIBERS WE HAVE BUILT OUR ENTIRE SERVICE AREA WITH FIBER TO PROVIDE HIGH SPEED INTERNET, VIDEO, LOCAL EXCHANGE SERVICES AND TOLL SERVICES. WE PROVIDE EQUIPMENT FOR SALE OR LEASE AND INSTALLATION AND MAINTENANCE OF CUSTOMER PREMISE WIRING AND OTHER MISCELLANEOUS SERVICES. WE ALSO PROVIDE TRANSPORT FROM OUR TOWERS. false false false false false false false false false true true false true true false false true false false false false false false false false false false false true false false false false false false false false false false false true true true false true 25 0 true 6 true true true false false false false 1896335 137638 false false false X 7 7 false false false false true true true true true false false true true true true true true true true false IA X DION SCHMINKE 3196466075 305 8TH AVENUE WELLMAN IA 52356 JAYNE HOCHSTEDLER CFO 45.0 0.0 X 209639 0 37378 DION SCHMINKE GENERAL MANAGER/COO 45.0 0.0 X 103548 0 41746 TERRA HUBER DIRECTOR 0.5 0.0 X 3255 0 0 ANTHONY STUTZMAN VICE PRESIDENT 0.5 0.0 X X 3140 0 0 JEREMY STATLER DIRECTOR 0.5 0.0 X 3060 0 0 DIANE ZAERR BRENNEMAN PRESIDENT 0.5 0.0 X X 2955 0 0 NICOLE SLABAUGH SECRETARY/TREASURER 0.5 0.0 X X 2875 0 0 LEROY POWELL DIRECTOR 0.5 0.0 X 2835 0 0 EDWARD WHETSTINE DIRECTOR 0.5 0.0 X 2610 0 0 333917 0 79124 2 false true false FORVIS LLP 1401 50TH ST STE 350 WEST DES MOINES IA 502665935 CONSULTING 109627 1 156795 156795 TELECOM SERVICES 517000 2684931 2684931 2684931 45805 45805 0 0 94483 1140 93343 0 93343 77350 15993 0 0 0 0 0 0 0 7636 38463 -30826 -30826 DIRECTORY REVENUE 511140 19585 10249 9336 EQUITY IN AFFILIATE EARNINGS 900099 26866 26866 EARNINGS IN UNCONSOL. AFFILIATE 900099 -14623 -14623 14607 14607 46435 2996483 2731455 10249 97984 7624 0 0 264218 413041 0 61934 37267 102932 36509 0 4857 95881 0 0 0 0 8675 0 0 0 0 0 0 0 76846 0 575532 0 PLANT SPECIFIC OPERATIONS 476326 COST OF VIDEO SERVICES 487689 PLANT NON-SPECIFIC OPERATIONS 82924 CUSTOMER OPERATIONS 70629 17454 2820338 899472 1322880 305306 311528 0 0 90175 57658 0 0 0 0 0 0 18084 25628 53611 65061 10404044 5861400 4905064 4542644 0 0 934047 967290 0 0 10000 10000 373086 399743 7588845 7702432 119741 202045 0 0 2648 11624 0 0 0 0 0 0 2735724 2344870 0 0 319469 341951 3177582 2900490 X 0 0 0 0 4411263 4801942 4411263 4801942 7588845 7702432 X 176145 214534 X false true X true false 35659 35659 527549 396728 130821 9840836 5464672 4376164 0 4542644 Investment in WKIJ 426718 C Investment in Iowa Video Group 14272 C Investment in Aureon 526300 F 967290 CASH SURRENDER -LIFE INSURANCE 399743 399743 0 ASSET RETIREMENT OBLIGATION 17713 DEFERRED COMPENSATION 322517 OTHER LIABILITIES 1721 341951 SCHEDULE D, PART X, LINE 2 MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. false false false JAYNE HOCHSTEDLER CFO 209639 0 0 0 0 0 7440 0 29938 0 247017 0 FORM 990, PART VI, SECTION A, LINE 6 MEMBERSHIP IN THE COOPERATIVE IS RESTRICTED TO SUBSCRIBERS TO MEMBERSHIP-ELIGIBLE VOICE, VIDEO OR DATA SERVICE PROVIDED BY THE COOPERATIVE WHO ARE OTHERWISE ELIGIBLE FOR MEMBERSHIP, PURSUANT TO THE ARTICLES OF INCORPORATION. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS ELECT THE BOARD OF DIRECTORS AT AN ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 7B MEMBER APPROVAL OF SIGNIFICANT BOARD DECISIONS THAT MAY ARISE, SUCH AS MERGERS AND ACQUISITIONS, AS NECESSARY. FORM 990, PART VI, SECTION B, LINE 11B AN INDEPENDENT ACCOUNTING FIRM PREPARES AND REVIEWS THE 990. THE 990 IS THEN REVIEWED BY THE ORGANIZATION'S MANAGEMENT. ANY QUESTIONS OR CONCERNS THAT THE ORGANIZATION'S MANAGEMENT MAY HAVE ARE ADDRESSED, AND ANY CORRECTIONS OR CLARIFICATIONS THAT NEED TO BE MADE ARE MADE. THE ENTIRE 990 WITH ALL REQUIRED SCHEDULES IS THEN PROVIDED TO THE VOTING MEMBERS OF THE BOARD PRIOR TO FILING THE 990. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS DISCLOSE AND SIGN A CONFLICT OF INTEREST FORM. THIS FORM IS REVIEWED AND SIGNED ON AN ANNUAL BASIS. IF A CONFLICT IS FOUND, THE PERSON WITH A CONFLICT IS PROHIBITED FROM PARTICIPATING IN THE DELIBERATIONS AND DECISIONS OF THE TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION OF MANAGEMENT AND OTHER STAFF IS DETERMINED BY THE BOARD OF DIRECTORS ON AN ANNUAL BASIS. THE BOARD INCORPORATES A SALARY STUDY PUBLISHED BY NCTA, WHICH INDICATES COMPENSATION STATISTICS OF SIMILAR ORGANIZATIONS. FORM 990, PART VI, SECTION B, LINE 15B THE COMPENSATION OF MANAGEMENT AND OTHER STAFF IS DETERMINED BY THE BOARD OF DIRECTORS ON AN ANNUAL BASIS. THE BOARD INCORPORATES A SALARY STUDY PUBLISHED BY NCTA, WHICH INDICATES COMPENSATION STATISTICS OF SIMILAR ORGANIZATIONS. FORM 990, PART VI, SECTION C, LINE 19 THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, AND CERTAIN GOVERNING DOCUMENTS ARE MADE AVAILABLE TO MEMBERS UPON REQUEST. FORM 990, PART XI, LINE 9 PATRONAGE CAPITAL PAID - ESTATES $ (55,639) UNCLAIMED PATRONAGE 5,955 PATRONAGE CAPITAL ALLOCATED 264,218 ------------- TOTAL $ 214,534 WKIJ COMMUNICATIONS 305 8TH AVENUE WELLMAN IA 52356 421244226 INVESTMENT IA WELLMAN COOP C-CORP 35416 429560 1.00000 true false false false false false false false false false false false false false false false false false false false