2024-10-03T11:00:19-05:00 2023-12-31 411360831 OLSEN THIELEN & CO LTD 2675 LONG LAKE ROAD ST PAUL MN 55113 990 2023-01-01 410271520 GARDEN VALLEY TELEPHONE COMPANY DBA GARDEN VALLEY TECHNOLOGIES GARD 2186875251 206 VANCE AVE S PO BOX 259 ERSKINE MN 565350259 LEE HOAAS TREASURER 2186875251 2024-09-23 1 1 ALLISON L BOYD CPA P00535697 6514834521 2023 2024-10-15 13:58:12Z TIMOTHY BRINKMAN 206 VANCE AVE S PO BOX 259 ERSKINE MN 565350259 44374083 0 X WWW.GVTEL.COM X 1906 MN PROVIDE COMMUNICATION SERVICES TO ITS MEMBERS ON A NON-PROFIT COOPERATIVE BASIS. 9 9 114 0 9640 5695 0 0 41852743 42575697 563927 1758284 6454 7239 42423124 44341220 0 0 8637718 7995623 11413536 11692267 0 0 0 22371870 23174333 42423124 42862223 0 1478997 118734754 119454426 35482687 34436022 83252067 85018404 PROVIDE COMMUNICATION SERVICES TO ITS MEMBERS ON A NON-PROFIT COOPERATIVE BASIS. 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 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 1 1 0 0 1 1299 0 1 114 1 1 1 0 0 0 0 0 0 22540013 3101305 0 0 0 X 9 9 0 0 1 0 1 1 1 1 1 0 0 1 1 0 1 0 0 1 1 1 1 X THE ORGANIZATION 2186875251 206 VANCE AVE S PO BOX 259 ERSKINE MN 565350259 ALLEN PAULSON SECRETARY 1.00 X X 13322 0 0 JAMES FERDEN VICE PRESIDENT 1.00 X X 13823 0 0 ARLENE NOVAK PRESIDENT 1.00 X X 13369 0 0 JAMES DEVRIES DIRECTOR 1.00 X 12742 0 0 LELAND HOAAS TREASURER 1.00 X X 12088 0 0 BYRON NESS DIRECTOR 1.00 X 11912 0 0 RONALD KIESOW DIRECTOR 1.00 X 11183 0 0 LARRY DJERNES DIRECTOR 1.00 X 11295 0 0 CASEY HOLLAND DIRECTOR 1.00 X 8800 0 0 TIMOTHY BRINKMAN CEO/GENERAL MANAGER 40.00 X 327873 0 114951 STEVE MUELLER CHIEF FINANCIAL OFFICER 40.00 X 169716 0 54312 JON SMITH CHIEF FACILITIES OFFICER 40.00 X 154506 0 64049 BRIAN GRUNHOVD CHIEF TECHNOLOGY OFFICER 40.00 X 136438 0 60105 HEIDI HAAVEN CHIEF MARKETING OFFICER 40.00 X 138089 0 53025 SUE RASMUSSEN CHIEF HUMAN RESOURCES OFFICER 40.00 X 139440 0 54433 LAURIE RAMSEY SERVICE OFC. SUPERVISOR 40.00 X 113336 0 52495 1287932 0 453370 23 0 1 0 MP NEXLEVEL LLC 500 COUNTY RD 37 NW MAPLE LAKE MN 55358 BURIED FIBER OPTIC CABLE INSTALLATION 1560420 HANSON CONSTRUCTION PO BOX 410 THIEF RIVER FALLS MN 56701 STORE-REMODEL CONSTRUCTION 602301 INNOVATIVE SYSTEMS 1000 HWY 71 NE WILLMAR MN 56201 SOFTWARE MAINTENANCE AND SUPPORT 493908 JCS INC 646 1ST ST E SHEVLIN MN 56676 INTERNET/VIDEO INSTALLATIONS 196926 STELLAR ASSOCIATION LLC 405 2ND STR E PO BOX 156 CHOKIO MN 56221 INTERNET TRANSPORT 195791 10 TELEPHONE SERVICES 517000 42370415 42370415 PARTNERSHIP INCOME 517000 202881 202881 ADVERTISING 541800 2401 2401 42575697 284642 284642 15395 8156 7239 7239 7239 1498349 24707 1473642 1473642 1473642 44341220 44046938 9640 284642 7995623 775386 8525698 2391183 31766 47973 638878 6721419 PLANT, MAINTENANCE & CO 7640477 ACCESS, PROGRAMMING AND 4791449 CUSTOMER 1979647 CORPORATE 1124849 197875 42862223 8275338 9528300 40 0 657674 1370959 3162762 3619080 1403518 1854273 226187 121756 159387332 74900965 77584084 84486367 5273936 3904210 2701568 2766250 25997 989 19423650 11802242 118734754 119454426 1593005 2262453 31191134 29418439 2698548 2755130 35482687 34436022 X 0 0 75327645 76956635 7924422 8061769 83252067 85018404 118734754 119454426 X 1478997 -1350372 1637712 X X 0 1 X 1 0 337264 337264 9756420 4359744 5396676 35446728 25360369 10086359 113846920 45180852 68666068 84486367 MATERIALS AND SUPPLIES 3493748 PREFUNDED PENSION DEPOSIT 973974 PLANT UNDER CONSTRUCTION 7334520 11802242 POST RETIREMENT BENEFITS 1452036 OTHER LIABILITIES 387747 ADVANCED BILLINGS 915347 2755130 X 42999004 -1350372 8156 -1342216 44341220 0 44341220 34874756 8156 8156 34866600 7995623 7995623 42862223 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. 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. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES: $8,156 PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES: $8,156 PART XII, LINE 4B - OTHER ADJUSTMENTS: ALLOCATION OF 2023 MARGINS REPORTED ON PAGE 10, PART IX, LINE 4: $7,995,623 X X 0 0 0 TIMOTHY BRINKMAN CEO/GENERAL MANAGER 327873 0 0 0 0 0 90969 0 23982 0 442824 0 0 0 STEVE MUELLER CHIEF FINANCIAL OFFICER 169716 0 0 0 0 0 45821 0 8491 0 224028 0 0 0 JON SMITH CHIEF FACILITIES OFFICER 154506 0 0 0 0 0 43419 0 20630 0 218555 0 0 0 BRIAN GRUNHOVD CHIEF TECHNOLOGY OFFICER 136438 0 0 0 0 0 39475 0 20630 0 196543 0 0 0 SUE RASMUSSEN CHIEF HUMAN RESOURCES OFFICER 139440 0 0 0 0 0 39350 0 15083 0 193873 0 0 0 HEIDI HAAVEN CHIEF MARKETING OFFICER 138089 0 0 0 0 0 39046 0 13979 0 191114 0 0 0 LAURIE RAMSEY SERVICE OFC. SUPERVISOR 113336 0 0 0 0 0 31865 0 20630 0 165831 0 0 0 FORM 990, PART VI, SECTION A, LINE 4 CHANGES MADE TO PROVIDE MORE OPTIONS/FLEXIBILITY REGARDING MANNER, METHOD, AND LOCATION OF ANNUAL MEETING INCLUDING DIRECTOR NOMINATION PROCESS AND VOTING METHODS. DISPOSITION OF FIXED ASSETS WILL NOW REQUIRE TWO THIRDS OF ALL ELIGIBLE MEMBERS ENTITLED TO VOTE. 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 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 7B ANY CHANGES IN BY-LAWS ARE SUBJECT TO APPROVAL BY MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE CHIEF FINANCIAL OFFICER REVIEWS THE RETURN IN DETAIL BEFORE IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE COMPANY'S BYLAWS REQUIRE DIRECTORS TO DISCLOSE TO THE BOARD ANY CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 ANNUALLY, COMPENSATION LEVELS ARE REVIEWED, COMPARED WITH THE COMPENSATION LEVELS OF SIMILAR ORGANIZATIONS, AND ADJUSTED ACCORDINGLY. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE GIVEN TO ALL MEMBERS ATTENDING THE COMPANY'S ANNUAL MEETING. ALL GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: EXCISE TAX REFUND 20,024. RETIREMENT OF PATRONAGE CAPITAL -6,513,739. ALLOCATION OF 2023 MARGINS REPORTED ON PAGE 10, PART IX, LINE 4 7,995,623. NET UNREALIZED GAIN ON PREFUNDED PENSION DEPOSIT 135,804. FORM 990, PART XII, LINE 2C THE BOARD HAS ASSUMED RESPONSIBILITY FOR SELECTION OF THE INDEPENDENT AUDITORS AND OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS. GARDEN VALLEY INNOVATIONS LLC 201 ROSS AVENUE ERSKINE MN 56535 814324437 PROVIDES IT SUPPORT AND RELATED SERVICES MN 0 299305 GARDEN VALLEY TELEPHONE COMPANY 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 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 ALL AMOUNTS UNDER REPORTING THRESHOLD