2020-09-22T17:21:07-05:00 2019-12-31 411360831 OLSEN THIELEN & CO LTD 2675 LONG LAKE ROAD ST PAUL MN 55113 990 2019-01-01 410745441 PAUL BUNYAN RURAL TELEPHONE COOPERATIVE PAUL 2184441234 1831 ANNE ST NW SUITE 100 BEMIDJI MN 566015660 GARY JOHNSON CHIEF EXECUTIVE OFFICER 2184441234 2020-08-25 1 L JOSEPH MAYER CPA P00092661 6514834521 50.201.188.58 2020-08-25 10:17:16 CD P C3BFCB1FF0DF81D98A4107263BFA3D6217CBE84E 3967C51AB0EAF754FE74D6FF2ABD79CD5C66B909 2019 2022-02-16 14:24:37Z GARY JOHNSON 1831 ANNE ST NW SUITE 100 BEMIDJI MN 566015660 70618272 0 X WWW.PAULBUNYAN.NET X 1952 MN PROVIDE TELECOMMUNICATION SERVICES TO COOPERATIVE MEMBERS. 7 7 148 0 786199 336009 0 0 60878700 69217114 64998 62564 290623 308958 61234321 69588636 0 0 6771385 15309058 3061171 3510533 0 0 0 51310422 50672015 61142978 69491606 91343 97030 139818282 148423793 54346873 49935044 85471409 98488749 PROVIDE TELECOMMUNICATION SERVICES TO COOPERATIVE MEMBERS. 0 0 PROVISION OF TELEPHONE, INTERNET, AND CABLE TELEVISION SERVICES TO COOPERATIVE MEMBERS. 0 0 0 0 0 0 0 0 0 1 0 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 326 0 1 148 1 1 1 0 0 0 0 0 0 45993799 1367995 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 0 0 1 1 0 X THE ORGANIZATION 2184441234 1831 ANNE ST NW SUITE 100 BEMIDJI MN 566015660 RANDY FRISK STARTING JUNE 2019 PRESIDENT 2.00 X X 35891 0 0 JAMES SUTTON STARTING JUNE 2019 VICE PRESIDENT 2.00 X X 38463 0 0 TIM HINS TREASURER 2.00 X X 36311 0 0 BRUCE CAMPBELL SECRETARY 2.00 X X 34200 0 0 KATHY PETERSON DIRECTOR 2.00 X 27647 0 0 GLENDA MARTIN DIRECTOR 2.00 X 24344 0 0 MARK MATTESON DIRECTOR 2.00 X 17237 0 0 DAVE SCHULTZ CHIEF FINANCIAL OFFICER 40.00 X 196064 0 5882 GARY JOHNSON CEO & GM 40.00 X 320685 0 9620 ROBERT ST CLAIR NETWORK OPERATIONS MANAGER 40.00 X 165555 0 4967 STEVE HOWARD INFO, TECH & DEVELOPMENT MANAGER 40.00 X 157523 0 4726 LEO ANDERSON TECHNOLOGY EXPERIENCE MANAGER 40.00 X 140753 0 4223 CHRISTIE TURN CUSTOMER SERVICE MANAGER 40.00 X 110815 0 3324 TERRI CREWS ACCOUNTING SUPERVISOR 40.00 X 114862 0 3446 RYAN OTTING INSTALL REPAIR SUPERVISOR 40.00 X 100948 0 3028 1521298 0 39216 8 0 1 0 COOPERATIVE DEVELOPMENT LLC 1831 ANNE ST NW 100 BEMIDJI MN 56601 FIBER CONSTRUCTION 4661291 NORTH CENTRAL SERVICE INC 5487 HART LN NW BEMIDJI MN 56601 FIBER CONSTRUCTION 1466319 ONVOY LLC 10300 6TH AVE N PLYMOUTH MN 55441 LONG DISTANCE TRAFFIC TRANSPORT 945404 NATIONAL INFORMATION SOLUTIONS COOPERATI 3131 TECHNOLOGY DRIVE NW MANDAN ND 58554 BILLING 792427 COOPERATIVE NETWORK SERVICES LLC PO BOX J MENAHGA MN 56464 ENGINEERING 482127 5 TELEPHONE SERVICES 517000 68412872 68258872 154000 TELEVISION ADS 541800 519160 519160 PARTNERSHIP INCOME 517000 174161 174161 ADVERTISING 541800 110351 110351 PAYPHONE 812900 570 570 69217114 62564 1975 60589 338451 29636 308815 308815 308815 1000000 1000000 0 MISCELLANEOUS REVENUE 517000 143 0 143 143 69588636 68741848 786199 60589 X 15309058 1560514 1950019 522412 1108918 1741149 10150442 TAXES 103058 VIDEO 15396288 PLANT EXPENSE 6126136 INTERNET 5806607 9717005 69491606 1205578 1542399 1761700 4937130 306927 255235 274639 216646 340444 472775 265145820 149227819 113629878 115918001 977700 985560 2303087 2424567 8314902 8080401 10703427 13591079 139818282 148423793 6280074 6537097 43668330 39046236 4398469 4351711 54346873 49935044 X 0 0 83489524 96021353 1981885 2467396 85471409 98488749 139818282 148423793 X 97030 12920310 X X 0 1 X 1 0 949318 949318 13241749 5248749 7993000 241214 241214 0 250713539 143737856 106975683 115918001 INVESTMENT IN COOPERATIVE DEV 3025043 C INVESTMENT IN IES LLC/E911 178668 C INVESTMENT IN NW MN SPEC ACCESS 5804 C INVESTMENT IN BROADBAND VISION 277575 C INVESTMENT IN CNS, LLC 502278 C INVESTMENT IN PINNACLE PUB. 4091033 C 8080401 OTHER ACCOUNTS RECEIVABLE 2906354 MATERIALS AND SUPPLIES 1605226 TELEPHONE PLANT UNDER CONST. 5412459 INCOME TAXES RECEIVABLE 28816 PREFUNDED PENSION DEPOSIT 3638224 13591079 POST RETIREMENT BENEFIT 4351711 4351711 X 69588636 0 69588636 0 69588636 54182548 0 54182548 15309058 15309058 69491606 PART X, LINE 2: FIN 48 DISCLOSURE FROM AUDITED FINANCIALS 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. THE COMPANY'S FEDERAL AND STATE INCOME TAX RETURNS ARE OPEN TO EXAMINATION FOR TAX YEARS 2016 THROUGH 2018. PART XII, LINE 4B - OTHER ADJUSTMENTS: ALLOCATION OF 2019 MARGINS REPORTED ON PAGE 10, PART IX, LINE 4: $15,309,058 X 1 1 X X X 0 0 0 DAVE SCHULTZ CHIEF FINANCIAL OFFICER 196064 0 0 0 0 0 5882 0 0 0 201946 0 0 0 GARY JOHNSON CEO & GM 320685 0 0 0 0 0 9620 0 0 0 330305 0 0 0 ROBERT ST CLAIR NETWORK OPERATIONS MANAGER 165555 0 0 0 0 0 4967 0 0 0 170522 0 0 0 STEVE HOWARD INFO, TECH & DEVELOPMENT MANAGER 157523 0 0 0 0 0 4726 0 0 0 162249 0 0 0 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 BOARD OF DIRECTORS OF THE COOPERATIVE. MEMBERS SHALL HAVE ONLY ONE VOTE IN THE AFFAIRS OF THE COOPERATIVE, AND MEMBERSHIP SHALL NOT BE TRANSFERABLE EXCEPT WITH THE APPROVAL AND CONSENT OF THE BOARD OF DIRECTORS. 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 SIGNIFICANT CHANGES TO THE COOPERATIVE'S OPERATIONS. EACH MEMBER RECEIVES A SHARE OF THE CAPITAL CREDITS THE COOPERATIVE DISTRIBUTES ANNUALLY. FORM 990, PART VI, SECTION A, LINE 7B IF THE BYLAWS ARE CHANGED BY THE BOARD OF DIRECTORS, MEMBER APPROVAL IS REQUIRED. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S CFO REVIEWS THE RETURN FOLLOWING THE COMPLETION OF THE RETURN BY ITS EXPERT CONSULTANTS. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD REVIEWS ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION IS BASED ON INDUSTRY COMPARISON ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION C, LINE 19 THE ARTICLES OF INCORPORATION AND ORGANIZATION'S BYLAWS ARE AVAILABLE ON OUR WEBSITE WWW.PAULBUNYAN.NET. COPIES OF THE AUDITED FINANCIAL STATEMENTS MAY BE INSPECTED AT OUR OFFICE ON REQUEST. FORM 990, PART IX, LINE 24E NETWORK OPERATIONS 4,272,969. OTHER SERVICES 1,720,576. CUSTOMER OPERATIONS 1,391,322. CORPORATE OPERATIONS 1,215,612. BAD DEBTS EXPENSE 759,835. PROPERTY TAXES 249,924. CHARITABLE CONTRIBUTIONS 106,767. FORM 990, PART XI, LINE 9: EXCISE TAX REFUNDS 71,890. UNREALIZED GAIN ON INVESTMENTS 697. RETIREMENT OF PATRONAGE CAPITAL -2,849,119. CHANGE IN POSTRETIREMENT BENEFIT 387,784. ALLOCATION OF 2019 MARGINS REPORTED ON PAGE 10, PART IX, LINE 4: 15,309,058. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM PRIOR YEARS. NORTHERN COMMUNICATIONS LLC 1831 ANNE ST NW SUITE 100 BEMIDJI MN 566015612 411441285 TELECOMMUNICATIONS MN 97030 445306 PAUL BUNYAN RURAL TELEPHONE COOPERATIVE PINNACLE PUBLISHING LLC 4030 TECHNOLOGY DRIVE NW BEMIDJI MN 56601 411988427 PUBLISHING MN PAUL BUNYAN RURAL TELEPHONE COOPERATIVE INVESTMENT -134840 4674687 0 0 0.66950 COOPERATIVE DEVELOPMENT LLC 1831 ANNE STREET NW SUITE 100 BEMIDJI MN 56601 411850466 CONTRACTING MN PAUL BUNYAN RURAL TELEPHONE COOPERATIVE INVESTMENT 98562 3144595 0 0 0.50000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0