2012-07-24T12:16:37-05:00 2011-12-31 411360831 OLSEN THIELEN & CO LTD 2675 LONG LAKE ROAD ST PAUL MN 55113 990 2011-01-01 410271520 GARDEN VALLEY TELEPHONE COMPANY GARD 2186875251 PO BOX 259 201 ROSS AVE ERSKINE MN 565350259 JOE SANDBERG 2186875251 2012-07-06 1 STEPHEN B BLAKLEY P00171924 6514834521 2011 2016-02-24 21:20:13Z GEORGE FISH PO BOX 259 201 ROSS AVE ERSKINE MN 565350259 20278341 0 X WWW.GVTEL.COM X 1906 MN PROVIDE COMMUNICATION SERVICES TO ITS MEMBERS ON A NON-PROFIT COOPERATIVE BASIS. 9 9 109 0 36406 16001 0 0 19360887 19762364 664733 477238 29249 18569 20054869 20258171 0 0 0 0 6912965 7056273 0 0 0 11424591 11751323 18337556 18807596 1717313 1450575 57133530 59772880 17039886 19561233 40093644 40211647 PROVIDE COMMUNICATION SERVICES. 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 0 0 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 0 1 0 0 0 1 214 0 1 109 1 1 1 0 0 0 0 0 0 10849850 1109305 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 1 0 0 1 0 0 0 0 X THE ORGANIZATION 2186875251 PO BOX 259 201 ROSS AVE ERSKINE MN 565350259 VERNON HAMNES 1.00 X X 8300 0 0 JERRY T FREITAG 1.00 X X 8450 0 0 BYRON NESS 1.00 X X 7400 0 0 JOE SANDBERG 1.00 X X 6050 0 0 WARREN LARSON 1.00 X 6950 0 0 RONALD E ENGELSTAD 1.00 X 5600 0 0 EDGAR OLSON 1.00 X 9050 0 0 JASON L SMEBY 1.00 X 5200 0 0 ARLENE NOVAK 1.00 X 6950 0 0 GEORGE FISH 40.00 X 157973 0 42375 221923 0 42375 1 0 1 0 NORTH CENTRAL SERVICE INC 227 1ST AVENUE SW CLEARBROOK MN 56634 FIBER OPTIC CABLE PLANT CONSTRUCTION 2396741 HALSTAD TELEPHONE COMPANY 345 2ND AVENUE WEST HALSTAD MN 565484017 MANAGEMENT OF INTERNET SERVICES 320262 TELCOM CONSTRUCTION INC 2218 200TH STREET EAST CLEARWATER MN 55320 FIBER OPTIC CABLE PLANT CONSTRUCTION 270903 MP NEXLEVEL LLC 500 COUNTY RD 37 EAST MAPLE LAKE MN 55358 FIBER OPTIC CABLE PLANT CONSTRUCTION 200340 PINNACLE PUBLISHING LLC 4030 TECHNOLOGY DRIVE NW BEMIDJI MN 56601 PUBLISH ANNUAL TELEPHONE DIRECTORY 142700 6 TELEPHONE SERVICES 517000 19451475 19451475 PARTNERSHIP INCOME 517000 293052 293052 ADVERTISING 541800 17837 17837 19762364 475725 475725 36624 20170 16454 16454 16454 1513 1513 1513 1513 MISCELLANEOUS 900099 2115 2115 2115 20258171 19744527 36406 477238 221923 6098558 735792 43491 98486 308226 4236311 PLANT, MAINTENANCE & CO 3254210 CUSTOMER 1686676 ACCESS, PROGRAMMING AND 1266039 CORPORATE 779382 78502 18807596 340793 1406669 1985 17573 1209757 1156107 512036 386149 104685 172157 91811258 43437762 44225923 48373496 7968595 5179304 2249787 2452010 519969 629415 57133530 59772880 4563976 4041823 12475910 15519410 17039886 19561233 X 0 0 38918529 39069972 1175115 1141675 40093644 40211647 57133530 59772880 X 1450575 -1332572 X 0 1 0 X 0 113203 113203 3115274 2429569 685705 24967616 14242941 10724675 63615165 26765252 36849913 48373496 20258171 18807596 1450575 280737 -1613309 -1332572 118003 20278341 20170 20170 20258171 0 20258171 18827766 20170 20170 18807596 0 18807596 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: FIN 48 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. THE COMPANY'S FEDERAL AND STATE INCOME TAX RETURNS ARE OPEN TO EXAMINATION FOR TAX YEARS 2008 THROUGH 2010. PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN POSTRETIREMENT BENEFITS -314,177. EXCISE TAX REFUND 7,996. RETIREMENT OF PATRONAGE CAPITAL -1,307,128. TOTAL TO SCHEDULE D, PART XI, LINE 8: -1,613,309. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES: $20,170 PART XIII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES: $20,170 0 0 0 GEORGE FISH 157973 0 0 0 0 0 25976 0 16399 0 200348 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 ALL MEMBERS ARE ELIGIBLE TO VOTE FOR EACH PERSON ON THE GOVERNING BODY. 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 11 THE FINANCE MANAGER REVIEWS THE RETURN IN DETAIL BEFORE IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 280,737. CHANGE IN POSTRETIREMENT BENEFITS -314,177. EXCISE TAX REFUND 7,996. RETIREMENT OF PATRONAGE CAPITAL -1,307,128. TOTAL TO FORM 990, PART XI, LINE 5: -1,332,572. 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 0 0 0 0 0 0 0