2023-06-21T12:03:32-05:00 2022-12-31 411360831 OLSEN THIELEN & CO LTD 2675 LONG LAKE ROAD ST PAUL MN 55113 990 2022-01-01 410733426 RUNESTONE TELEPHONE ASSOCIATION RUNE 3209862013 PO BOX 336 HOFFMAN MN 563390336 KENT HEDSTROM GENERAL MANAGER/CEO 3209869061 2023-05-22 1 KENT HEDSTROM 999009999 0 ALLISON L BOYD CPA P00535697 6514834521 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z KENT HEDSTROM PO BOX 336 HOFFMAN MN 563390336 11787535 0 X HTTP://WWW.RUNESTONE.NET/MAIN/ X 1949 MN PROVIDE RELIABLE TELECOMMUNICATION SERVICES TO COOPERATIVE MEMBERS 5 5 27 0 46005 26934 0 0 11310039 11594246 39442 49599 146484 143690 11495965 11787535 0 0 3746461 1534303 640655 655619 0 0 0 6198026 6110020 10585142 8299942 910823 3487593 32214901 33594503 1400359 1487918 30814542 32106585 PROVIDE RELIABLE TELECOMMUNICATION SERVICES TO COOPERATIVE MEMBERS AT REASONABLE RATES, WHILE RESPECTING EMPLOYEES AND CUSTOMERS. 0 0 PROVISION OF TELEPHONE, INTERNET AND CABLE TELEVISION SERVICES TO COOPERATIVE MEMBERS. 0 0 0 0 0 0 0 0 0 1 0 0 1 1 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 0 0 0 1 1425 0 1 27 1 1 1 0 0 0 0 0 0 5529528 326603 0 0 0 X 5 5 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 0 0 1 1 0 X ORGANIZATION 3209862013 PO BOX 336 HOFFMAN MN 563390336 ROBERT LEEGAARD PRESIDENT 1.00 X X 12480 0 0 TORY BELGUM VICE PRESIDENT 1.00 X X 11880 0 0 JOHN KAPPHAHN SECRETARY/TREASURER 1.00 X X 12180 0 0 RICHARD STAPLES DIRECTOR 1.00 X 11880 0 0 JOLENE VIPOND DIRECTOR 1.00 X 11980 0 0 KENT HEDSTROM GENERAL MANAGER/CEO 40.00 X 213495 0 82922 RYAN SCHONHARDT OFFICE MANAGER/CFO 40.00 X 109884 0 49968 RUSS FROEMMING NETWORK TECHNICIAN 40.00 X 109167 0 57101 492946 0 189991 3 0 1 0 ARVIG COMMUNICATION SYSTEMS 150 2ND ST SW PERHAM MN 565731409 PLOWING CABLE AND CABLE TV HEADEND SERVI 2231631 COOPERATIVE NETWORK SERVICES LLC 14 MAIN ST SW MENAHGA MN 56464 ENGINEERING AND PERMITTING 387888 RAMSTAD TECHNOLOGIES INC 3122 STATE 210 SW PILLAGER MN 56473 SPLICING 385860 J CARLSON SERVICES INC 646 1ST ST E SHEVLIN MN 56676 SPLICING AND HOME ENTRIES 154000 4 TELEPHONE SERVICES 517000 11466347 11466347 PARTNERSHIP INCOME 517000 93654 93654 ADVERTISING INCOME 541800 34245 30960 3285 11594246 49599 49599 79757 0 79757 79757 37037 42720 MISCELLANEOUS INCOME 900099 63933 63933 63933 11787535 11691931 46005 49599 X 1534303 356817 298802 3870 199193 25290 1907106 CORPORATE TAXES 5343 PLANT SPECIFIC 1197065 CATV EXPENSE 793357 INTERNET EXPENSE 755249 1223547 8299942 900712 837412 7402295 6163088 1622149 726897 241699 257725 121702 108977 42925245 25776646 14637695 17148599 1001621 944911 148604 99071 6138424 7307823 32214901 33594503 587850 659856 812509 828062 1400359 1487918 X 0 0 17476335 15434027 13338207 16672558 30814542 32106585 32214901 33594503 X 3487593 -2195550 X X 0 1 X 1 0 71397 71397 3482603 1704153 1778450 39371245 24072493 15298752 17148599 MATERIALS & SUPPLIES 2129202 PLANT UNDER CONSTRUCTION 4845967 OTHER ASSETS 59849 INCOME TAXES RECEIVABLE 906 PREFUNDED PENSION DEPOSIT 271899 7307823 POST RETIREMENT HEALTHCARE 528062 DEFERRED LIABILITES 300000 828062 X 11787535 0 11787535 0 11787535 6765639 0 6765639 1534303 1534303 8299942 PART X, LINE 2: ASC 740 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. 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. PART XII, LINE 4B - OTHER ADJUSTMENTS: ALLOCATION OF 2022 MARGINS REPORTED ON PAGE 10, PART IX, LINE 4 X X X 0 0 0 KENT HEDSTROM GENERAL MANAGER/CEO 213495 0 0 0 0 0 52118 0 30804 0 296417 0 0 0 RUSS FROEMMING NETWORK TECHNICIAN 109167 0 0 0 0 0 26264 0 30837 0 166268 0 0 0 RYAN SCHONHARDT OFFICE MANAGER/CFO 109884 0 0 0 0 0 26670 0 23298 0 159852 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 SIGNIFICANT CHANGES TO THE COOPERATIVE'S OPERATIONS. FORM 990, PART VI, SECTION A, LINE 7A THE COOPERATIVE'S MEMBERS EACH HAVE ONE VOTE TO AUTHORIZE AND ELECT NEW MEMBERS OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B EACH MEMBER HAS THE RIGHT TO CAST ONE VOTE TO APPROVE CHANGES MADE TO THE ARTICLES AND BYLAWS OF THE COOPERATIVE. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS PRESENTED AND REVIEWED BY THE BOARD OF DIRECTORS; IF ACCEPTABLE A MOTION IS MADE AND CARRIED TO APPROVE THE 990 FORM. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS MONITORED YEARLY AFTER EACH ANNUAL MEETING. FORM 990, PART VI, SECTION B, LINE 15 COMPARABLE DATA FROM NATIONAL AND STATE TELECOMMUNICATION ORGANIZATIONS ARE PRESENTED AND REVIEWED BY THE BOARD OF DIRECTORS ANNUALLY. BASED ON THE INFORMATION PROVIDED THE BOARD OF DIRECTORS APPROVES THE ANNUAL COMPENSATION. NO INDEPENDENT PERSON/S ARE INVOLVED FOR APPROVAL. FORM 990, PART VI, SECTION C, LINE 19 THE ARTICLES OF INCORPORATION, BYLAWS AND CURRENT FINANCIAL STATEMENTS ARE AVAILABLE ON OUR WEBSITE. FORM 990, PART IX, LINE 24E CUSTOMER OPERATIONS 438,283. PLANT SUPPORT 293,126. CORPORATE OPERATIONS 203,354. MISCELLANEOUS 137,878. LONG DISTANCE EXPENSE 89,986. OTHER TAXES 60,920. FORM 990, PART XI, LINE 9: ESTATE CAPITAL CREDITS RETIRED -369,388. RETIREMENT OF PATRONAGE CAPITAL -3,316,231. EXCISE TAX REFUNDS 11,309. ALLOCATION OF 2022 MARGINS REPORTED ON PAGE 10, PART IX, LINE 4 1,534,303. OTHER COMPREHENSIVE INCOME -55,543. FORM 990, PART XII, LINE 2C: THE PROCESS FOR COMMITTEE OVERSIGHT OF THE AUDIT HAS NOT CHANGED FROM THE PREVIOUS YEAR.