2024-11-13T16:30:15+00:00 2023-12-31 440160260 Forvis Mazars LLP 1401 50th Street Suite 350 West Des Moines IA 502665935 990 2023-01-01 420793094 Palo Cooperative Telephone Association PALO 3198513431 807 2nd Street PO Box 169 Palo IA 52324 Natalie Parmater CO-GENERAL MANAGER 3198513431 2024-11-13 true false Joe Lynn P01270416 5152230159 2024-11-15 2023 2024-10-15 13:58:12Z PALO COMMUNICATIONS Natalie Parmater 807 2nd Street PO Box 169 Palo IA 52324 1685077 false X GOPCTA.COM X 1956 IA TO PROVIDE TELECOMMUNICATIONS SERVICES TO ITS MEMBERS 5 5 6 0 0 0 0 0 0 1452056 0 82734 0 150287 0 1685077 0 0 0 610839 0 242462 0 0 0 0 907030 0 1760331 0 -75254 6340233 6155489 399400 60083 5940833 6095406 TO PROVIDE TELECOMMUNICATIONS SERVICES TO ITS MEMBERS false false TO PROVIDE THE COOPERATIVE WITH QUALITY TELECOMMUNICATIONS SERVICES TO ITS MEMBER SUBSCRIBERS. THESE SERVICES INCLUDE LOCAL EXCHANGE SERVICE, TOLL SERVICE, INTERNET SERVICE, VIDEO SERVICE, INSTALLATION AND MAINTENANCE OF CUSTOMER PREMISE WIRING AND OTHER MISCELLANEOUS SERVICES FOR QUALITY TELECOMMUNICATIONS SERVICES. 0 false false false false false false false false true true false false 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 139 0 true 6 true true true false false false false 775942 134823 false false false X 5 5 false false false false true true true true true false false true true true false true true true false false IA X Natalie Parmater 3198513431 807 2nd Street PO Box 169 Palo IA 52324 DANNY GARDEMANN BOARD PRESIDENT 1.0 0.0 X X 980 0 0 ERIC SCHMITZ OFFICER OF THE BOARD 1.0 0.0 X X 980 0 0 GORDON BULL TREASURER 1.0 0.0 X X 980 0 0 JEREMY MILLER BOARD VICE-PRESIDENT 1.0 0.0 X X 980 0 0 JEREMY ROBERTSON BOARD-TREASURER 1.0 0.0 X X 1120 0 0 MARK HARVEY OFFICER/DIRECTOR OF THE BOARD 1.0 0.0 X X 377 0 0 ERIN PETERSEN GM/CEO/COO 60.0 0.0 X 107154 0 13301 112571 0 13301 1 false false false SWICK CABLE CONTRACTORS INC PO BOX 107 TIPTON IA 52772 UTILITY INSTALLATION 325462 1 0 0 0 0 0 0 0 0 Telecommunications Services 517000 1452056 1452056 0 0 0 0 1452056 82734 82734 2521 0 2521 0 2521 2521 0 0 OTHER NON-OPERATING INCOME 900099 147304 147304 DIRECTORY ADVERTISING 511140 462 462 0 0 0 0 147766 1685077 1452518 0 232559 0 0 0 610839 125872 0 77551 7527 1116 30396 0 4859 81397 0 253286 Cost of Services 252243 PLANT SPECIFIC 146089 CUSTOMER SERVICES 98771 EXECUTIVE EXPENSE 41212 29173 1760331 3390 2489 2752133 2491924 0 0 73501 60082 0 0 0 0 0 0 159116 149941 40040 38499 5465413 2893283 2453293 2572130 0 0 858760 840424 0 0 0 0 0 6340233 6155489 396657 56609 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2743 3474 399400 60083 0 0 X 628 664 0 0 5940205 6094742 5940833 6095406 6340233 6155489 X -75254 -18336 248163 X false true X true false 0 116482 116482 0 720781 195422 525359 0 0 0 0 0 4482770 2690185 1792585 0 145380 7676 137704 2572130 Other Investments - INS 660400 F Other Investments - Wireless 172000 C Principal Financial Stock 8024 F 840424 Customer Deposits 3474 3474 1655504 -18336 0 -18336 1673840 11237 11237 1685077 1149492 0 0 1149492 610839 610839 1760331 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 4(b) Other revenues in form 990 not in audited financial statements K-1-book-to-tax difference - 11237 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements PATRONAGE ALLOCATED TO MEMBERS - 610839 Form 990, Part I, Line 19 PRIOR YEAR AMOUNTS IN 2022, PALO COOPERATIVE TELEPHONE ASSOCIATION FAILED TO RECEIVE AT LEAST 85% OF ITS REVENUES FROM MEMBER SOURCES, AND THEREFORE WAS TREATED AS A NON TAX-EXEMPT COOPERATIVE FILING A FEDERAL FORM 1120. Form 990, Part VI, Line 6 Classes of members or stockholders ALL CUSTOMERS SUBSCRIBING TO ONE OF OUR THREE SERVICES (TELECOMMUNICATIONS, INTERNET, CABLE IPTV) ARE REQUIRED TO MAINTAIN A MEMBERSHIP TO THE COOPERATIVE IN THE PALO EXCHANGE AS WELL AS OUR CLEC TERRITORY. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body ALL MEMBERS OF THE BOARD OF DIRECTORS ARE VOTED IN DURING THE ANNUAL MEETING. Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders ROUTINE DECISIONS MADE BY THE BOARD OF DIRECTORS ARE NOT SUBJECT TO MEMBER APPROVAL. CERTAIN ACTIONS DO REQUIRE APPROVAL OF MEMBERS, INCLUDING THE DISPOSITION OF PROPERTY. Form 990, Part VI, Line 11b Review of form 990 by governing body THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTANT. FORM 990 IS THEN REVIEWED AND APPROVED BY MANAGEMENT PRIOR TO SUBMISSION. Form 990, Part VI, Line 15a Process to establish compensation of top management official THE COMPENSATION FOR THE GENERAL MANAGER, ERIN PETERSEN, WAS APPROVED BY THE GOVERNING BOARD IN 2023 AND THE DECISIONS REGARDING THE COMPENSATION ARRANGEMENT IS DOCUMENTED. Form 990, Part VI, Line 19 Required documents available to the public THE COMPANY MAKES COPIES OF ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. Form 990, Part XI, Line 9 Other changes in net assets or fund balances PARTNERSHIP K-1 INCOME ADJUSTMENT - -11237; Memberships Redeemed - 36; Payment of Patronage - -351475; PATRONAGE ALLOCATED TO MEMBERS - 610839;