2015-11-13T13:22:06-06:00 2014-12-31 411360831 OLSEN THIELEN & CO LTD 2675 LONG LAKE ROAD ST PAUL MN 55113 990 2014-01-01 410745441 PAUL BUNYAN RURAL TELEPHONE COOPERATIVE PAUL 2184441234 1831 ANNE ST NW SUITE 100 BEMIDJI MN 566015660 GARY JOHNSON CHIEF EXECUTIVE OFFICER 2184441234 2015-10-28 1 CHERYL A ELLEFSON P00020476 6514834521 2015-10-28 2014 2016-02-25 16:41:14Z GARY JOHNSON 1831 ANNE ST NW SUITE 100 BEMIDJI MN 566015660 59882890 0 X WWW.PAULBUNYAN.NET X 1952 MN PROVIDE TELECOMMUNICATION SERVICES TO COOPERATIVE MEMBERS. 8 8 127 0 907773 523578 0 0 54518866 56501330 3423343 1360366 210805 509889 58153014 58371585 0 0 10133531 9980713 995168 2100476 0 0 0 46944082 46212635 58072781 58293824 80233 77761 135607656 135649469 70231810 64335488 65375846 71313981 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 0 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 1 322 0 1 127 1 1 1 0 0 0 0 0 0 38412053 3242241 0 X 8 8 0 0 0 0 1 1 1 1 0 0 0 0 0 0 1 1 1 0 X THE ORGANIZATION 2184441234 1831 ANNE ST NW SUITE 100 BEMIDJI MN 566015660 KATHY PETERSON PRESIDENT 2.00 X X 30043 0 0 JIM TARBELL VICE PRESIDENT 2.00 X X 28156 0 0 GARY EKLUND SECRETARY 2.00 X X 27178 0 0 TIM HINS TREASURER 2.00 X X 33471 0 0 GLENDA MARTIN DIRECTOR 2.00 X 21191 0 0 BRUCE CAMPBELL DIRECTOR 2.00 X 29713 0 0 JAMES SUTTON DIRECTOR 2.00 X 29469 0 0 RANDY FRISK DIRECTOR 2.00 X 28456 0 0 DAVE SCHULTZ CHIEF FINANCIAL OFFICER 40.00 X 160484 0 31982 GARY JOHNSON CEO & GM 40.00 X 215850 0 38170 ROBERT ST CLAIR NETWORK OPERATIONS MANAGER 40.00 X 134309 0 29012 STEVE HOWARD INFO, TECH & DEVELOPMENT MANAGER 40.00 X 127609 0 28449 LEO ANDERSON DATA SERVICES SUPERVISOR 40.00 X 107230 0 26035 973159 0 153648 5 0 1 0 COOPERATIVE DEVELOPMENT LLC 1831 ANNE ST NW BEMIDJI MN 56601 FIBER CONSTRUCTION 4671205 SPALJ CONSTRUCTION COMPANY 13968 CYPRESS DRIVE SUITE 3 BAXTER MN 56425 FIBER CONSTRUCTION 975319 NATIONAL INFORMATION SOLUTIONS COOPERATI PO BOX 1147 MANDAN ND 58554 BILLING 727093 COOPERATIVE NETWORK SERVICES 14 MAIN ST SW PO BOX J MENAHGA MN 56464 ENGINEERING 446315 OLSEN THIELEN & COMPANY 2675 LONG LAKE ROAD ST PAUL MN 55113 AUDIT AND CONSULTING 276379 5 TELEPHONE SERVICES 517000 54682265 54574436 107829 PARTNERSHIP INCOME 517000 1036093 1019494 16599 TELEVISION ADS 541800 487093 487093 ADVERTISING 541800 293661 293661 RETAIL OUTLET 453000 1375 1375 843 843 56501330 36541 137 36404 294432 59405 235027 235027 235027 1000000 1775725 1000000 451900 0 1323825 1323825 1323825 BAD DEBT RECOVERY 517000 274626 274626 MISCELLANEOUS REVENUE 517000 236 236 274862 58371585 56103583 907773 1360229 X 9980713 1127915 972561 59447 610515 2187532 13306720 TAXES 221312 VIDEO 11948863 PLANT EXPENSE 4748717 NETWORK OPERATIONS 4066405 9063124 58293824 1581472 1773748 4785026 4996932 487518 356244 140513 309529 408271 266760 227734436 118177332 109379044 109557104 2977100 2963910 2186682 1996392 8530609 8929976 1747718 1071182 3383703 3427692 135607656 135649469 4628575 4873169 63171120 56935809 2432115 2526510 70231810 64335488 X 0 0 62917229 68710533 2458617 2603448 65375846 71313981 135607656 135649469 X 77761 5860374 X X 0 1 X 1 0 634969 634969 12311935 4178734 8133201 241214 241214 0 214546318 113757384 100788934 109557104 INVESTMENT IN COOPERATIVE DEV 2362218 C INVESTMENT IN IES LLC/E911 547033 C INVESTMENT IN NW MN SPEC ACCESS 19232 C INVESTMENT IN BROADBAND VISION 365737 C INVESTMENT IN CNS, LLC 203591 C INVESTMENT IN PINNACLE PUB. 5432165 C 8929976 POST RETIREMENT BENEFIT 2526510 2526510 X 58371585 0 58371585 0 58371585 48313111 0 48313111 9980713 9980713 58293824 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 2011 THROUGH 2013. PART XII, LINE 4B - OTHER ADJUSTMENTS: ALLOCATION OF 2014 MARGINS REPORTED ON PAGE 10, PART IX, LINE 4: $9,980,713 X 1 1 X X X 0 0 0 DAVE SCHULTZ CHIEF FINANCIAL OFFICER 160484 0 0 0 0 0 17410 0 14572 0 192466 0 0 0 GARY JOHNSON CEO & GM 215850 0 0 0 0 0 23598 0 14572 0 254020 0 0 0 ROBERT ST CLAIR NETWORK OPERATIONS MANAGER 134309 0 0 0 0 0 14440 0 14572 0 163321 0 0 0 STEVE HOWARD INFO, TECH & DEVELOPMENT MANAGER 127609 0 0 0 0 0 13877 0 14572 0 156058 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 DIRECETORS 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 NO FORMAL ACTION IS TAKEN WITHIN THE AUDIT COMMITTEE. FORM 990, PART VI, SECTION B, LINE 11 THE ORGANIZATION'S CFO REVIEWS THE RETURN FOLLOWING THE COMPLETION OF THE RETURN BY ITS EXPERT CONSULTANTS. 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 INTERNET 3,964,012. CUSTOMER OPERATIONS 3,466,070. OTHER SERVICES 1,105,514. PROPERTY TAXES 234,530. CORPORATE OPERATIONS 153,991. CHARITABLE CONTRIBUTIONS 90,257. IMPAIRMENT OF OTHER INVESTMENTS 48,750. FORM 990, PART XI, LINE 9: EXCISE TAX REFUNDS 47,691. UNREALIZED LOSS ON INVESTMENTS -4,364. RETIREMENT OF PATRONAGE CAPITAL -4,235,100. CHANGE IN POSTRETIREMENT BENEFIT 71,434. ALLOCATION OF 2014 MARGINS REPORTED ON PAGE 10, PART IX, LINE 4: 9,980,713. 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 77761 335837 PAUL BUNYAN RURAL TELEPHONE COOPERATIVE PINNACLE PUBLISHING LLC 4030 TECHNOLOGY DRIVE NW BEMIDJI MN 56601 411988427 PUBLISHING MN PAUL BUNYAN RURAL TELEPHONE COOPERATIVE INVESTMENT 360015 6526261 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 345688 2852566 0 0 0.50000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0