2023-11-15T14:53:30-06:00 2022-12-31 440160260 FORVIS LLP 500 RIDGEFIELD COURT ASHEVILLE NC 28806 990 2022-01-01 521889647 FOUNDATION FOR RURAL SERVICE FOUN 7033512000 4121 WILSON BOULEVARD 1000 ARLINGTON VA 22203 SHIRLEY BLOOMFIELD CFO 7033512000 2023-11-14 1 SHIRLEY BLOOMFIELD 999009999 0 AMY BIBBY P00445891 8282542254 2023-11-13 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z SHIRLEY BLOOMFIELD 4121 WILSON BOULEVARD 1000 ARLINGTON VA 22203 2021057 0 X WWW.FRS.ORG X 1994 VA TO INFORM AND EDUCATE THE PUBLIC ON THE TELECOMMUNICATIONS NEEDS OF RURAL AREAS. 20 20 3 20 0 0 678299 590267 15199 8969 515079 250114 12773 152110 1221350 1001460 185506 270523 0 0 375591 374962 0 0 104666 233509 361797 794606 1007282 426744 -5822 5153069 4818649 198855 648002 4954214 4170647 X THE FOUNDATION FOR RURAL SERVICES (FRS), IN COOPERATION WITH NTCA - THE RURAL BROADBAND ASSOCIATION, SEEKS TO SUSTAIN AND ENHANCE THE QUALITY OF LIFE IN AMERICA BY ADVANCING AN UNDERSTANDING OF RURAL ISSUES. OUR VISION IS TO HARNESS THE POWER OF THE RURAL COMMUNICATIONS INDUSTRY TO ENRICH LIVES IN AMERICA. 0 0 178425 123000 SCHOLARSHIP PROGRAM: THE FOUNDATION ANNUALLY AWARDS SCHOLARSHIPS TO AN EXCEPTIONAL GROUP OF RURAL STUDENTS FOR THEIR FIRST YEAR OF COLLEGE OR VOCATIONAL SCHOOL. ALL APPLICANTS REQUIRE SPONSORSHIP BY AN NTCA THE RURAL BROADBAND ASSOCIATION MEMBER COMPANY TO BE ELIGIBLE. FRS AWARDED OVER $1 MILLION IN SCHOLARSHIPS SINCE ITS INCEPTION; EMPOWERING RURAL STUDENTS THROUGHOUT THE COUNTRY TO ADVANCE THEIR COMMUNITIES WITH INVALUABLE SKILL SETS AND EXPERIENCES. 54208 8969 AWARENESS CAMPAIGN: THE FOUNDATION SPONSORS AN ONGOING AWARENESS CAMPAIGN TO PROMOTE THE CONTRIBUTION THAT SMALL INDEPENDENT BROADBAND COMPANIES MAKE TO RURAL COMMUNITIES. THE PROGRAM INCLUDES THE PRODUCTION OF INFORMATIONAL MAILERS GEARED TOWARD EDUCATION RURAL TELECOMMUNICATIONS CUSTOMERS, AN IMAGE AND AWARENESS CAMPAIGN THAT AIMS TO EDUCATE STATE AND LOCAL DECISION MAKERS ON THE VALUE THAT COMMUNITY BASED TELECOM PROVIDERS BRING TO THE TELECOM AND ECONOMIC FUTURES OF THEIR COMMUNITIES AND A SERIES OF EDUCATIONAL PAPERS AIMED AT EDUCATING DECISION MAKERS. 154000 YOUTH TOUR: THE FOUNDATION SPONSORS AN ANNUAL TOUR OF WASHINGTON, D.C. APPROXIMATELY ONE HUNDRED HIGH SCHOOL STUDENTS FROM RURAL AMERICA VISIT THE NATION'S CAPITAL TO LEARN ABOUT THE TELECOMMUNICATIONS INDUSTRY AND THE LEGISLATIVE PROCESS. 303374 147523 303374 147523 690007 1 1 0 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 13 0 1 3 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 20 20 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 VA X MANO KOILPILLAI CFO 7033512010 4121 WILSON BOULEVARD 1000 ARLINGTON VA 22203 X KURT GRUENDLING CHAIR 1.00 X X 0 0 0 CHERYL RUE VICE-CHAIR 1.00 X X 0 0 0 CAMILLE CHRISTIANSEN SECRETARY/TREASURER 1.00 X X 0 0 0 JIM HAYNIE DIRECTOR 1.00 X 0 0 0 RUTH CONLEY DIRECTOR 1.00 X 0 0 0 MICHAEL PARRISH DIRECTOR 1.00 X 0 0 0 ANDY JACKSON DIRECTOR 1.00 X 0 0 0 RON LAUDNER JR DIRECTOR 1.00 X 0 0 0 GREG COLTRAIN DIRECTOR 1.00 X 0 0 0 MICHAEL PRATHER DIRECTOR 1.00 X 0 0 0 ASHLEY SHINER DIRECTOR 1.00 X 0 0 0 TIFFANY UTTERBACK DIRECTOR 1.00 X 0 0 0 KEITH GABBARD DIRECTOR 1.00 X 0 0 0 ROBIN ANDERSON DIRECTOR 1.00 X 0 0 0 TODD HENECKE ASSOCIATE DIRECTOR 1.00 X 0 0 0 BOB SILVERMAN ASSOCIATE DIRECTOR 1.00 X 0 0 0 BRIAN SULLIVAN ASSOCIATE DIRECTOR 1.00 X 0 0 0 NANCY WHITE ASSOCIATE DIRECTOR 1.00 X 0 0 0 LENNIE BLAKESLEE ASSOCIATE DIRECTOR 1.00 X 0 0 0 JORDAN ROBERTS ASSOCIATE DIRECTOR 1.00 X 0 0 0 SHIRLEY BLOOMFIELD NTCA CHIEF EXECUTIVE OFFICER 2.00 41.50 X 0 989833 272646 MANO KOILPILLAI NTCA CHIEF FINANCIAL OFFICER 2.00 41.50 X 0 238072 44483 PAMELA BECKER EXECUTIVE DIRECTOR 37.50 X 157012 0 41088 157012 1227905 358217 1 0 1 0 0 2140 80000 508127 590267 INFORMATION MAILER 900099 8969 8969 8969 193550 193550 851298 794734 56564 56564 56564 376948 2140 224863 152085 152085 MISCELLANEOUS 900099 25 25 25 1001460 8969 0 402224 147523 147523 123000 123000 198102 120553 45171 32378 112753 68615 25710 18428 15626 9509 3563 2554 25905 15764 5907 4234 22576 13738 5148 3690 15933 15933 23815 23815 1429 1020 409 35062 21337 7995 5730 67218 40905 15327 10986 25027 12465 12562 74405 45278 16966 12161 623 623 6338 6338 AWARENESS CAMPAIGN 4277 4277 BOARD EXPENSES 2792 2792 104878 65400 24973 14505 1007282 690007 212609 104666 296865 305266 76350 36889 60000 45000 7382 68271 30463 10512 6234 1559 5299 4675 4243961 3499941 216570 279063 216179 569032 5153069 4818649 81441 37549 80500 115200 36914 495253 198855 648002 X 2197778 1866353 2756436 2304294 4954214 4170647 5153069 4818649 -5822 -789245 11500 0 X X 0 1 X 1 0 X 625143 733973 844458 678299 506037 3387910 625143 733973 844458 678299 506037 3387910 242459 3145451 183834 132569 118281 218596 193550 846830 863 25 888 4235628 0.74260 0.75790 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6234 1559 4675 4675 ALTERNATIVE INVESTMENTS 279063 C 279063 DUE FROM RELATED ORGANIZATIONS 114441 RIGHT-OF-USE ASSET 454591 569032 CAPITAL LEASE LIABILITY 493033 DUE TO RELATED ORGANIZATIONS 2220 495253 X 424763 -789245 11500 224863 -552882 977645 23815 23815 1001460 1208330 224863 224863 983467 23815 23815 1007282 PART X, LINE 2: NTCA AND THE FOUNDATION ARE EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(6) AND 501(C)(3), RESPECTIVELY, OF THE INTERNAL REVENUE CODE (IRC) AND ARE SUBJECT TO TAXATION ONLY FOR INCOME DEFINED AS UNRELATED BUSINESS INCOME. SMC IS A TAXABLE CORPORATION. SMC USES THE LIABILITY METHOD OF ACCOUNTING FOR INCOME TAXES. DEFERRED TAX ASSETS AND LIABILITIES ARE DETERMINED BASED ON DIFFERENCES BETWEEN THE FINANCIAL STATEMENT CARRYING AMOUNTS AND THE TAX BASIS OF ASSETS AND LIABILITIES (I.E., TEMPORARY DIFFERENCES) AND ARE MEASURED AT THE ENACTED RATES THAT WILL BE IN EFFECT WHEN THE DIFFERENCES REVERSE. NTCA, THE FOUNDATION, AND SMC EVALUATED THEIR TAX POSITIONS AND DETERMINED THAT THEIR POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED ON EXAMINATION. PART XI, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EVENT EXPENSE 224,863. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EVENT EXPENSE 224,863. FALL CONFERENCE 121854 121854 4166 85734 16135 RTIME 116255 800 115455 36909 5038 4 140979 1340 139639 490 23047 53344 379088 2140 376948 490 4166 145690 74517 224863 152085 1 SCHOLARSHIPS 40 123000 N/A N/A PART I, LINE 2: RECOGNIZING THE DISPARITIES BETWEEN RURAL AND URBAN ACCESS TO HIGHER EDUCATION, THE FOUNDATION FOR RURAL SERVICE (FRS) OFFER AN ANNUAL COLLEGE SCHOLARSHIP PROGRAM TO HELP FURTHER PROMOTE HIGHER EDUCATION AMONG RURAL YOUTH. AWARDS FROM $500 TO $7,000 ARE GRANTED TO RURAL HIGH SCHOOL SENIORS ACROSS THE UNITED STATES AS WELL AS ONE SCHOLARSHIP FOR A STUDENT ENTERING LAW SCHOOL. THE STUDENTS ARE SPONSORED BY A NATIONAL TELECOMMUNICATIONS COOPERATIVE ASSOCIATION (NTCA) MEMBER COMPANY. FOR THE FRS GENERAL SCHOLARSHIPS THE STUDENT IS AWARDED $2,000 BY FRS IN ADDITION TO A $500 SCHOLARSHIP MATCH BY THEIR SPONSORING COMPANY. AN INDEPENDENT TEAM OF REVIEWERS IN THE EDUCATION FIELD EVALUATE THE APPLICATIONS AND SELECT THE WINNERS BASED ON SPECIFIED CRITERIA. FRS STAFF ACCEPTS AND PROCESSES ALL APPLICATIONS. HOWEVER, FRS STAFF AND FRS BOARD MEMBERS DO NOT REVIEW THE APPLICATIONS OR HAVE ANY INFLUENCE ON THE DECISION PROCESS. AS PART OF ITS ONGOING COMMITMENT TO RURAL COMMUNITIES ACROSS THE COUNTRY, FRS OFFERS AID FOR COMMUNITIES SERVED BY NTCA MEMBERS THROUGH ITS ANNUAL COMMUNITY GRANTS PROGRAM. THESE GRANTS ARE DESIGNED TO PROVIDE SUPPORT TO A VARIETY OF LOCAL EFFORTS TO BUILD AND SUSTAIN A HIGH QUALITY OF LIFE IN RURAL AMERICA. APPLICATIONS FOR THESE GRANTS ARE ACCEPTED EACH SPRING RANGING FROM $250 TO $5,000. THE GRANTS AWARDED EACH DECEMBER SUPPORT A VARIETY OF PROJECTS CONCENTRATED IN FOUR MAJOR CATEGORIES: BUSINESS AND ECONOMIC DEVELOPMENT, COMMUNITY DEVELOPMENT, EDUCATION, AND TELECOMMUNICATIONS APPLICATIONS. X 0 1 0 0 0 0 0 0 0 SHIRLEY BLOOMFIELD NTCA CHIEF EXECUTIVE OFFICER 0 826600 0 161851 0 1382 0 246324 0 26322 0 1262479 0 0 MANO KOILPILLAI NTCA CHIEF FINANCIAL OFFICER 0 226738 0 11234 0 100 0 12490 0 31993 0 282555 0 0 PAMELA BECKER EXECUTIVE DIRECTOR 152912 0 4000 0 100 0 37917 0 3171 0 198100 0 0 0 PART I, LINE 3 THE COMPENSATION PROCESS IS CONDUCTED BY A RELATED ORGANIZATION (NTCA) FOR THEIR OFFICERS (SHIRLEY BLOOMFIELD AND MICHAEL VIANDS) THAT SERVES ON THE BOARD OF FRS. THE CHIEF EXECUTIVE OFFICER'S COMPENSATION IS REVIEWED BY AN INDEPENDENT COMPENSATION CONSULTANT THAT DOES A COMPARISON OF LIKE POSITIONS IN THE AREA AND PRESENTS THE STUDY TO THE NTCA BOARD FOR APPROVAL. PART I, LINE 4B SHIRLEY BLOOMFIELD - 457 (F) PLAN CONTRIBUTION - $178,674 FORM 990, PART VI, SECTION A, LINE 1A AN EXECUTIVE COMMITTEE MAY BE APPOINTED BY THE FOUNDATION'S BOARD OF DIRECTORS WITH THE AUTHORITY TO MANAGE THE AFFAIRS OF THE FOUNDATION BETWEEN MEETINGS OF THE BOARD. IF APPOINTED, THE EXECUTIVE COMMITTEE IS COMPRISED OF THE FOUNDATION'S OFFICERS. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE 990 IS REVIEWED BY THE FOUNDATION MANAGER WITH THE ASSISTANCE OF THE CHIEF FINANCIAL OFFICER, CHIEF EXECTIVE OFFICER AND DIRECTOR OF FINANCE PRIOR TO FILING. AFTER APPROVAL, IT IS SIGNED BY THE FOUNDATION MANAGER. FORM 990, PART VI, SECTION B, LINE 12C THE FOUNDATION'S CONFLICT-OF-INTEREST POLICY IS REVIEWED ANNUALLY. ALL STAFF AND THE BOARD OF DIRECTORS ARE REQUIRED TO SIGN OFF INDICATING ADHERENCE TO THE POLICY. THROUGHOUT THE YEAR, MANAGEMENT IS REQUIRED TO REPORT ANY VIOLATIONS OF THE POLICY TO THE CHIEF EXECUTIVE OFFICER. WHEN A PERSON BECOMES AWARE OF AN ACTUAL OR POTENTIAL CONFLICT, THEY DISCLOSE ALL RELEVANT INFORMATION TO THE BOARD CHAIR OR VICE CHAIR, REMOVE THEMSELVES FROM ALL DISCUSSIONS OF THE MATTER, AND REMOVE THEMSELVES FROM ALL VOTES ON THE MATTER. THE BOARD MAY VOTE TO ENTER THE TRANSACTIO IF IT DETERMINES THAT THE TRANSACTION IS IN THE FOUNDATION'S BEST INTEREST. ALL RELEVANT INFORMATION IS DOCUMENTED IN THE MEETING MINUTES. IF A PERSON VIOLATES THE FOUNDATION'S CONFLICT OF INTEREST POLICY, THEY INFORM THE BOARD CHAIR AND THE FOUNDATION GENERAL COUNSEL, WHO TAKE APPROPRIATE ACTION. FORM 990, PART VI, SECTION B, LINE 15A THE CHIEF EXECUTIVE OFFICER'S COMPENSATION IS REVIEWED BY AN INDEPENDENT COMPENSATION CONSULTANT THAT DOES A COMPARISON OF LIKE POSITIONS IN THE AREA AND PRESENTS THE STUDY TO THE NTCA BOARD FOR APPROVAL. THIS PROESS IS DOCUMENTED IN THE BOARD MEETING MINUTES. THIS PROCESS WS LAST CONDUCTED IN 2018. HOWEVER, THE ANNUAL SALARY INCREASE AND BONUS FOR THE CEO ARE APPROVED BY THE BOARD EVERY YEAR WHILE THE INDEPENDENT CONSULTANT STUDY IS BEING DONE ONCE EVERY FIVE YEARS. OTHER OFFICERS AND KEY EMPLOYEES' COMPENSATION IS REVIEWED BY A COMPENSATION CONSULTANT EVERY FIVE YEARS. CHANGES IN COMPENSATION ARE PRESENTED AND APPROVED BY THE CHIEF EXECUTIVE OFFICER. THIS PROCESS WAS LAST REVIEWED INTERNALLY BY THE ASSOCIATION IN 2020. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AN THE FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VII THE COMPENSATED OFFICERS LISTED IN FORM 990, PART VII WERE COMPENSATED THROUGH NATIONAL TELECOMMUNICATIONS COOPERATIVE ASSOCIATION. THE HOURS PER WEEK INDICATED IN FORM 990, PART VII FOR THESE OFFICERS RE FOR NATIONAL TELECOMMUNICATIONS COOPERATIVE ASSOCIATION AND ITS RELATED ENTITIES AND TRUST. PART XII, LINE 2C EXPLANATION THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. NATIONAL TELECOMMUNICATINS COOPERATIVE ASSOCIATION (NTCA) 4121 WILSON BLVD ARLINGTON VA 22203 520741336 TRADE ASSOCIATION VA 501(C)(6) N/A 0 NTCA GROUP HEALTH PROGRAM 4121 WILSON BLVD ARLINGTON VA 22203 521043923 HEALTH AND WELFARE BENEFITS VA 501(C)(9) N/A NTCA 1 NTCA MASTER TRUST FOR DEFERRED COMP PLANS 4121 WILSON BLVD ARLINGTON VA 22203 566678513 DEFERRED COMPENSATION VA 457(B) N/A NTCA 1 NTCA REGIONAL RETIREE MEDICAL FUNDING TRUST I 4121 WILSON BLVD ARLINGTON VA 22203 526737391 POST RETIREMENT BENEFITS DC 501(C)(9) N/A NTCA 1 NTCA REGIONAL RETIREE MEDICAL FUNDING TRUST II 4121 WILSON BLVD ARLINGTON VA 22203 521889144 POST RETIREMENT BENEFITS DC 501(C)(9) N/A NTCA 1 NTCA NATIONAL RETIREE MEDICAL FUNDING TRUST 4121 WILSON BLVD ARLINGTON VA 22203 526685526 POST RETIREMENT BENEFITS DC 501(C)(9) N/A NTCA 1 NTCA RETIREMENT AND SECURITY PROGRAM 4121 WILSON BLVD ARLINGTON VA 22203 521558805 DEFINED BENEFIT PLAN VA 401(A) N/A NTCA 1 NTCA SAVINGS PLAN 4121 WILSON BLVD ARLINGTON VA 22203 521522857 DEFINED CONTRIBUTION PLAN VA 401(A) N/A NTCA 1 NTCA PAC 4121 WILSON BLVD ARLINGTON VA 22203 521674218 VOLUNTARY, NON-PARTISAN POLITICAL ACTION COMMITTEE VA 527 N/A NTCA 1 SERVICES MANAGEMENT CORPORATION 30 TOWN SQUARE BOULEVARD SUITE 300 ASHEVILLE NC 28801 521200541 ADMINISTER BENEFIT PLANS NC N/A C 0 0 0 1 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 NATIONAL TELECOMMUNICATIONS COOPERATIVE ASSOCIATION C 50000 CASH NATIONAL TELECOMMUNICATIONS COOPERATIVE ASSOCIATION N 69142 FMV