2023-11-08T15:37:04-06:00 2022-12-31 FORVIS LLP 1401 50th Street Suite 350 West Des Moines IA 502665935 990 2022-01-01 420819110 SPRINGVILLE COOPERATIVE TELEPHONE ASSOCIATION INC % KIM SNITKER SPRI 3198546107 PO BOX 9 SPRINGVILLE IA 523360009 PAUL SCHRAEDER PRESIDENT 3198546107 2023-11-15 true Gary Knight 000000000 Joe R Lynn P01270416 5152230159 2023-11-15 3 2022 2023-04-26 12:10:37Z Kim Snitker PO BOX 9 SPRINGVILLE IA 523360009 2467242 false X WWW.SPRINGVILLETELEPHONE.COM X 1959 IA TO PROVIDE TELECOMMUNICATIONS EXCHANGE AND LOCAL ACCESS SERVICES AND INTERNET SERVICES IN A SERVICE AREA LOCATED PRIMARILY IN LINN COUNTY, IOWA 7 7 7 0 1252 0 0 0 2120498 2212205 209728 232272 20560 21315 2350786 2465792 0 0 620000 533000 489601 499517 0 0 0 1025435 1194580 2135036 2227097 215750 238695 7855085 8202368 144834 187130 7710251 8015238 TO PROVIDE TELECOMMUNICATIONS EXCHANGE AND LOCAL ACCESS SERVICES AND INTERNET SERVICES IN A SERVICE AREA LOCATED PRIMARILY IN LINN COUNTY, IOWA false false TO PROVIDE TELECOMMUNICATIONS EXCHANGE AND LOCAL ACCESS SERVICES AND INTERNET SERVICES IN A SERVICE AREA LOCATED PRIMARILY IN LINN COUNTY, IOWA false false false false false false false false false true true false true true false true false false false false false false false false false false false false false false false false false false false false false false false false false false false true 15 0 true 7 true true true false false false false 1392212 245573 false false false X 7 7 false false false false true true true true true false false true true true true true true true true false IA X KIM SNITKER 3198546107 PO BOX 9 SPRINGVILLE IA 52336 X Kim Snitker Treasurer/Executive Office Mgr 40.0 0.0 X 66488 0 0 Mark Nietert Director/Secretary 1.0 0.0 X 1360 0 0 Paul Schrader Director/President 1.0 0.0 X X 1200 0 0 John Bohlken Director 1.0 0.0 X 1100 0 0 Kurt Feltes Director/Vice President 1.0 0.0 X X 1100 0 0 CURT KOPPES DIRECTOR 1.0 0.0 X 1000 0 0 Andy Hoge Director 1.0 0.0 X 800 0 0 Robin Menster Director 1.0 0.0 X 700 0 0 73748 0 0 0 false false false MARK'S UNDERGROUND 5061 Shady Oak Ave CENTRAL CITY IA 52214 FIBER CONTRACTOR 163986 Triple J Construction 498 Elbow Creek Rd MOUNT VERNON IA 52314 FIBER CONTRACTOR 536051 2 0 Network access services 517000 1279673 1279673 Local Network Services 517000 127108 127108 Internet Services 517000 414706 414706 Video Services 517000 318021 318021 Ethernet Circuit & Dark Fiber Revenue 517000 16458 16458 56239 56239 2212205 232272 232272 0 0 8775 1450 7325 0 7325 7325 0 0 0 0 0 0 0 0 0 0 Miscellaneous Revenue 900099 12738 12738 Advertising Revenue 541800 1252 1252 13990 2465792 2212205 1252 252335 0 0 0 533000 73748 0 203428 26285 132327 63729 0 0 44288 0 0 0 0 7159 431 1292 0 0 0 0 0 0 0 361206 0 Cost of services 405587 Plant specific operations 145358 Customer Operations 86661 Corporate Operations 125011 17587 2227097 466997 245493 634084 486206 0 0 73180 97994 0 0 0 0 0 0 0 0 31307 26920 10391855 6508060 3241289 3883795 1803786 1414331 1316659 1572303 0 0 0 0 287783 475326 7855085 8202368 117797 160205 0 0 25915 25915 0 0 0 0 0 0 0 0 0 0 1122 1010 144834 187130 X 0 0 0 0 7710251 8015238 7710251 8015238 7855085 8202368 X 238695 -196680 262972 X false true X true false 21539 21539 188475 104407 84068 10181841 6403653 3778188 3883795 Investments - Other securities 1572303 F 1572303 Refundable Income Taxes 79889 Materials and supplies 395437 475326 0 Advance Billings & Deposits 1010 1010 2269921 -196680 -196680 2466601 -809 -809 2465792 1694906 1694906 532191 532191 2227097 SCHEDULE D, PART X, LINE 2 MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. SCHEDULE D, PART XI, LINE 4B BAD DEBT EXPENSE $ (809) SCHEDULE D, PART XII, LINE 4B PATRONAGE CAPITAL ALLOCATED TO MEMBERS $ 533,000 BAD DEBT EXPENSE (809) ------------ $ 532,191 FORM 990, PART VI, SECTION A, LINE 6 ALL MEMBERS OWN A $20.00 SHARE OF COMMON STOCK. FORM 990, PART VI, SECTION A, LINE 7A DIRECTORS ARE ELECTED TO A THREE YEAR TERM BY THE MEMBERS ON A WRITTEN BALLOT AT THE ANNUAL MEETING OF THE COOPERATIVE. FORM 990, PART VI, SECTION A, LINE 7B ARTICLES OF INCORPORATION CHANGES ARE VOTED ON BY THE ENTIRE MEMBERSHIP. FORM 990, PART VI, SECTION B, LINE 11B AN INDEPENDENT ACCOUNTING FIRM PREPARES AND REVIEWS THE 990. THE 990 IS THEN REVIEWED BY THE ORGANIZATIONS MANAGEMENT AND ACCOUNTING PERSONNEL. ANY QUESTIONS AND CONCERNS THE ORGANIZATIONS' MANAGEMENT AND ACCOUNTING PERSONNEL HAVE ARE ADDRESSED AND ANY CORRECTIONS OR CLARIFICATIONS THAT NEED TO BE MADE ARE MADE. THE 990 IS THEN EMAILED TO ALL MEMBERS OF THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C FAIRNESS IN DECISION MAKING IS MORE LIKELY TO OCCUR IN AN IMPARTIAL ENVIRONMENT. THIS IMPARTIAL ENVIRONMENT IS PROTECTED BY AVOIDING OR EFFECTIVELY MANAGING CONFLICTS OF INTEREST. THE POTENTIAL FOR A CONFLICT OF INTEREST ARISES IN SITUATIONS IN WHICH A PERSON IS RESPONSIBLE FOR PROMOTING THE INTEREST OF THE ORGANIZATION AT THE SAME TIME HE OR SHE IS INVOLVED IN A COMPETING PERSONAL INTEREST. WHILE SOME LAWS REGULATING NONPROFITS MAY LIMIT THE CONCERN TO MATERIAL FINANCIAL INTERESTS, AN ORGANIZATION'S REPUTATION WITH DONORS AND OTHER CONSTITUENCIES MAY BE INJURED BY PERSONAL OR RELATIONAL INTERESTS, AND EVEN THE APPEARANCE OF A CONFLICTED DECISION. TO PROTECT THE IMPARTIAL DECISION MAKING AND REPUTATION OF BOTH THE ORGANIZATION AND THOSE INVOLVED WITH IT, TRANSACTIONS WITH RELATED PARTIES WHERE A POTENTIAL CONFLICT OF INTERESTS EXISTS OR MAY APPEAR TO EXIST MUST BE CAREFULLY HANDLED. SUCH TRANSACTIONS SHOULD BE DISCLOSED TO THE GOVERNING BOARD AND EVALUATED TO ENSURE THEY ARE MADE ON A SOUND ECONOMIC BASIS AND IN THE BEST INTEREST OF THE ORGANIZATION. THE ORGANIZATION UNDERTAKES TRANSACTIONS WITH RELATED PARTIES ONLY IN THE FOLLOWING SITUATIONS: 1. THE AUDITED FINANCIAL STATEMENTS OF THE ORGANIZATION FULLY DISCLOSE MATERIAL RELATED-PARTY TRANSACTIONS. 2. RELATED PARTIES ARE EXCLUDED FROM THE DISCUSSION AND APPROVAL OF RELATED-PARTY TRANSACTIONS. 3. THERE ARE COMPETITIVE BIDS OR COMPARABLE VALUATIONS. 4. THE ORGANIZATION'S BOARD APPROVES THE TRANSACTION AS ONE THAT IS IN THE BEST INTEREST OF THE ORGANIZATION. EMPLOYEES WILL BE REQUIRED TO ATTEST TO PROMPTLY INFORMING THE BOARD UPON THE OCCURRENCE OF EACH EVENT THAT COULD POTENTIALLY RESULT IN A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF DIRECTORS HELD A REVIEW FOR ALL EMPLOYEE'S COMPENSATION. THE BOARD REFERENCED THE NTCA'S ANNUAL COMPENSATION AND BENEFIT SURVEY RESULTS IN DETERMINING THE COMPENSATION FOR THE TREASURER/EXECUTIVE OFFICE MANAGER. ALL COMPENSATION IS APPROVED BY THE BOARD. FORM 990, PART VI, SECTION B, LINE 15B THE BOARD OF DIRECTORS HELD A REVIEW FOR ALL EMPLOYEE'S COMPENSATION. THE BOARD REFERENCED THE NTCA'S ANNUAL COMPENSATION AND BENEFIT SURVEY RESULTS IN DETERMINING THE COMPENSATION FOR THE TREASURER/EXECUTIVE OFFICE MANAGER. ALL COMPENSATION IS APPROVED BY THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9 Patronage Capital Allocated to Members 533,000 PAYMENT OF PATRONAGE CAPITAL (269,968) NET CHANGE IN COMMON STOCK (60) ------------- 262,972