2025-11-12T14:29:18-06:00 2024-12-31 411360831 OLSEN THIELEN & CO LTD 2675 LONG LAKE ROAD ST PAUL MN 55113 990 2024-01-01 410745441 PAUL BUNYAN RURAL TELEPHONE COOPERATIVE PAUL 2184441234 1831 ANNE ST NW SUITE 100 BEMIDJI MN 566015660 CRAIG BOYER CHIEF FINANCIAL OFFICER 2184441234 2025-10-27 1 1 L JOSEPH MAYER CPA P00092661 6514834521 2024 2025-03-06 01:10:19Z CRAIG BOYER 1831 ANNE ST NW SUITE 100 BEMIDJI MN 566015660 77791112 0 X WWW.PAULBUNYAN.NET X 1952 MN PROVIDE TELECOMMUNICATION SERVICES TO COOPERATIVE MEMBERS THAT IMPROVES THEIR LIVES. 7 7 171 0 662455 293606 0 0 77056720 77353574 372882 197109 169925 221856 77599527 77772539 0 0 14115205 9527059 4805723 6797897 0 0 0 57768696 60302344 76689624 76627300 909903 1145239 189335170 196528571 43733120 44692796 145602050 151835775 PROVIDE TELECOMMUNICATION SERVICES TO COOPERATIVE MEMBERS THAT IMPROVES THEIR LIVES. 0 0 PROVISION OF TELEPHONE, INTERNET, AND CABLE TELEVISION SERVICES TO COOPERATIVE MEMBERS LIVING AND WORKING IN RURAL MINNESOTA. PAUL BUNYAN CONTINUES TO EXPAND OUR SERVICES TO RURAL AREAS THAT ARE UNSERVED AND UNDERSERVED FOR TELECOMMUNICATIONS SERVICES. 0 0 0 0 0 0 0 0 0 1 0 0 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 1 412 0 1 171 1 1 1 0 0 0 0 0 0 56607896 1900029 0 0 0 X 7 7 0 0 0 0 1 1 1 1 0 0 0 0 1 1 1 0 0 1 1 0 X X THE ORGANIZATION 2184441234 1831 ANNE ST NW SUITE 100 BEMIDJI MN 566015660 GARY JOHNSON CEO & GM 40.00 X 454434 0 363336 CHAD BULLOCK ASST. CEO 40.00 X 272822 0 76924 DAVE SCHULTZ CHIEF FINANCIAL OFFICER (JAN - NOV) 40.00 X 326787 0 188828 CRAIG BOYER CHIEF FINANCIAL OFFICER (DEC) 40.00 X 76683 0 6560 STEVE HOWARD INFO, TECH & DEVELOPMENT M 40.00 X 226838 0 68914 ROBERT ST CLAIR CHIEF NETWORK OFFICER 40.00 X 219402 0 66826 CHRISTIE TURN CHIEF OPERATING OFFICER 40.00 X 211044 0 65201 LEO ANDERSON CHIEF TECHNOLOGY OFFICER 40.00 X 212835 0 50920 RANDY FRISK PRESIDENT 2.00 X X 42575 0 0 JAMES SUTTON VICE PRESIDENT 2.00 X X 46801 0 0 TIM HINS TREASURER 2.00 X X 48149 0 0 BRUCE CAMPBELL SECRETARY 2.00 X X 39908 0 0 TRACY MISTIC-SCHAAR DIRECTOR 2.00 X 42009 0 0 GLENDA MARTIN DIRECTOR 2.00 X 24174 0 0 BRIAN NICKLASON DIRECTOR 2.00 X 34093 0 0 LISA GEERDES NETWORK TECHNOLOGY MANAGER 40.00 X 128056 0 48352 TERRI CREWS ACCOUNTING SUPERVISOR 40.00 X 121802 0 41101 RYAN OTTING NETWORK OPERATIONS MANAGER 40.00 X 118963 0 40318 GRANT HIKOK DATA SERVICE REP - VIDEO 40.00 X 115226 0 31256 CRYSTAL MATTFIELD IT SUPERVISOR 40.00 X 116868 0 24797 GARY ECKLUND PAST BOARD MEMBER 2.00 X 14859 0 0 2894328 0 1073333 26 1 1 0 NORTH CENTRAL SERVICE INC 5487 HART LN NW BEMIDJI MN 56601 FIBER CONSTRUCTION 8380643 COOPERATIVE DEVELOPMENT LLC 1831 ANNE ST NW 100 BEMIDJI MN 56601 FIBER CONSTRUCTION 5587239 NATIONAL INFORMATION SOLUTIONS COOPERATI 3131 TECHNOLOGY DRIVE NW MANDAN ND 58554 SOFTWARE/HARDWARE DEVELOPMENT AND SUPPOR 1110276 COOPERATIVE NETWORK SERVICES LLC 14 MAIN ST SW MENAHGA MN 56464 ENGINEERING 684766 TJ UNDERGROUND INC 18394 520TH ST CLEARBROOK MN 56634 FIBER CONSTRUCTION 326031 7 TELEPHONE SERVICES 517000 76182310 75988498 193812 PARTNERSHIP INCOME 517000 705507 705507 TELEVISION ADS 541800 399277 399277 ADVERTISING 541800 65905 65905 PAYPHONE 812900 575 575 77353574 116783 2566 114217 240109 18573 221536 221536 221536 80326 0 80326 80326 80326 OTHER INCOME 900099 320 320 320 77772539 76915541 662455 194543 X 9527059 3967659 2830238 26354 1598043 1599788 13598632 TAXES 75741 VIDEO 14493125 INTERNET 9412159 PLANT EXPENSE 6602411 12896091 76627300 469918 457721 979631 3083512 601085 601983 327855 386249 627265 489267 321570737 161550756 156624216 160019981 2548924 2746449 9043096 9537706 18113180 19205703 189335170 196528571 8317634 8004039 26442037 30512090 4000000 4973449 6176667 43733120 44692796 X 0 0 135887804 142023444 9714246 9812331 145602050 151835775 189335170 196528571 X 1145239 5088486 X X 0 1 X 1 0 961521 961521 23774214 7605658 16168556 296835002 153945098 142889904 160019981 OTHER ACCOUNTS RECEIVABLE 1485742 MATERIALS AND SUPPLIES 10961687 TELEPHONE PLANT UNDER CONST. 6758274 19205703 POST RETIREMENT BENEFIT 6176667 6176667 X 77772539 0 77772539 0 77772539 67100241 0 67100241 9527059 9527059 76627300 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 2021 THROUGH 2023. PART XII, LINE 4B - OTHER ADJUSTMENTS: ALLOCATION OF 2024 MARGINS REPORTED ON PAGE 10, PART IX, LINE 4: $9,527,059 X X 1 1 X X X 0 0 0 GARY JOHNSON CEO & GM 447592 0 6842 0 0 0 334404 0 28932 0 817770 0 0 0 CHAD BULLOCK ASST. CEO 271597 0 1225 0 0 0 51568 0 25356 0 349746 0 0 0 DAVE SCHULTZ CHIEF FINANCIAL OFFICER (JAN - NOV) 320248 0 6539 0 0 0 166817 0 22011 0 515615 0 0 0 STEVE HOWARD INFO, TECH & DEVELOPMENT M 220549 0 6289 0 0 0 43068 0 25846 0 295752 0 0 0 ROBERT ST CLAIR CHIEF NETWORK OFFICER 213113 0 6289 0 0 0 41634 0 25192 0 286228 0 0 0 CHRISTIE TURN CHIEF OPERATING OFFICER 204755 0 6289 0 0 0 40101 0 25100 0 276245 0 0 0 LEO ANDERSON CHIEF TECHNOLOGY OFFICER 206546 0 6289 0 0 0 40290 0 10630 0 263755 0 0 0 LISA GEERDES NETWORK TECHNOLOGY MANAGER 127556 0 500 0 0 0 24429 0 23923 0 176408 0 0 0 TERRI CREWS ACCOUNTING SUPERVISOR 116284 0 5518 0 0 0 23196 0 17905 0 162903 0 0 0 RYAN OTTING NETWORK OPERATIONS MANAGER 113445 0 5518 0 0 0 22630 0 17688 0 159281 0 0 0 GARY ECKLUND PAST BOARD MEMBER 14859 0 0 0 0 0 0 0 0 0 14859 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 A, LINE 8B COMMITTEE MEETINGS ARE NOT CONDUCTED AS FORMAL MEETINGS. THEY ARE ONLY INFORMATIONAL. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S CFO REVIEWS THE RETURN FOLLOWING THE COMPLETION OF THE RETURN BY ITS TAX PREPARATION CONSULTANT. A COPY OF THE FORM 990 IS MADE AVAILABLE TO THE BOARD IF REQUESTED. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD REVIEWS ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION IS BASED AN ANNUAL REVIEW OF MULTIPLE INDUSTRY SALARY SURVEYS FOR THE OFFICERS AND KEY EMPLOYEES. 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 CUSTOMER OPERATIONS 4,117,974. NETWORK OPERATIONS 3,417,638. CORPORATE OPERATIONS 2,714,554. OTHER SERVICES 2,257,394. PROPERTY TAXES 319,542. CHARITABLE CONTRIBUTIONS 93,789. BAD DEBTS EXPENSE -24,800. FORM 990, PART XI, LINE 9: EXCISE TAX REFUNDS 30,281. RETIREMENT OF PATRONAGE CAPITAL -3,421,700. CHANGE IN POSTRETIREMENT BENEFIT -1,047,154. ALLOCATION OF 2024 MARGINS REPORTED ON PAGE 10, PART IX, LINE 4: 9,527,059. 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 100356 433515 PAUL BUNYAN RURAL TELEPHONE COOPERATIVE PINNACLE PUBLISHING LLC 4030 TECHNOLOGY DRIVE NW BEMIDJI MN 56601 411988427 PUBLISHING MN PAUL BUNYAN RURAL TELEPHONE COOPERATIVE INVESTMENT 62747 5625566 0 0 0.67160 COOPERATIVE DEVELOPMENT LLC 1831 ANNE STREET NW SUITE 100 BEMIDJI MN 56601 411850466 CONTRACTING MN PAUL BUNYAN RURAL TELEPHONE COOPERATIVE INVESTMENT 449049 3813091 0 0 0.50000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 COOPERATIVE DEVELOPMENT LLC Q 177928 FAIR MARKET VALUE OF EXPENSES SCHEDULE R, PART V, LINE 2(B) AND LINE 2(C). COOPERATIVE DEVELOPMENT, LLC - REIMBURSEMENT PAID BY OTHER ORGANIZATION FOR EXPENSES, TRANSACTION Q ($177,928), ALSO INCLUDES TRANSACTION TYPE LABELED O. THESE TRANSACTIONS ARE ALL DETERMINED AT FAIR MARKET VALUE.