2024-11-14T15:24:10+00:00 2023-12-31 440160260 Forvis Mazars LLP 1401 50th Street Suite 350 West Des Moines IA 502665935 990 2023-01-01 420750433 Keystone Farmers Cooperative Telephone Company KEYS 3194423241 86 MAIN ST PO BOX 277 KEYSTONE IA 52249 Byran Kimm EVP 3194423241 2024-11-14 true true Joe Lynn P01270416 5152230159 2024-11-15 2023 2024-10-15 13:58:12Z KEYSTONE COMMUNICATIONS Byran Kimm 86 MAIN ST PO BOX 277 KEYSTONE IA 52249 2593087 false X KEYSTONE@NETINS.NET X 1955 IA TO PROVIDE TELECOMMUNICATIONS SERVICES TO ITS MEMBERS. 7 7 6 0 96390 67436 0 0 0 2236028 0 138209 0 218850 0 2593087 0 0 0 298000 0 546178 0 0 0 0 1477791 0 2321969 0 271118 10198458 10034949 3032699 2411368 7165759 7623581 TO PROVIDE TELECOMMUNICATIONS SERVICES TO ITS MEMBERS false false THE COOPERATIVE PROVIDES 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 SERVICE. 0 false false false false false false false false true true false false true false 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 true true false false true 78 0 true 6 true true false false false false 1040509 172005 false false false X 7 7 false false false false true true false true true false false true true true true true false true false false IA X MITCH KUHN 3194423241 86 MAIN STREET KEYSTONE IA 52249 JERRY JUNGE 1ST BOARD VICE PRESIDENT 1.0 0.0 X X 1243 0 0 RANDY HOSEK BOARD PRESIDENT 1.0 0.0 X X 1539 0 0 REBECCA ANDERSON 2ND BOARD VICE PRESIDENT 1.0 0.0 X X 1531 0 0 SAM PARIZEK BOARD SECRETARY/TREASURER 1.0 0.0 X X 1836 0 0 CRAIG SELK DIRECTOR 1.0 0.0 X 1712 0 0 MIKE GRIMM DIRECTOR 1.0 0.0 X 2054 0 0 RICK PICKERING DIRECTOR 1.0 0.0 X 1901 0 0 BYRAN KIMM GENERAL MANAGER END; EVP BEG 08/23 40.0 0.0 X 107142 0 0 Mitch J Kuhn GENERAL MANAGER BEG 08/23 40.0 0.0 X 45852 0 0 164810 0 0 1 false false false 0 0 NETWORK ACCESS SERVICES 517000 1290488 1290488 INTERNET SERVICES 517000 560213 560213 CABLE TELEVISION SERVICES 517000 254133 254133 LOCAL NETWORK SERVICES 517000 131194 131194 0 0 0 0 2236028 138209 138209 36977 36977 0 36977 36977 0 0 MISCELLANEOUS Income 900099 85483 85483 INCOME FROM PARTNERSHIPS 900099 82616 82616 Emergency Services Income 900099 12051 12051 1723 0 1723 0 181873 2593087 2236028 96390 260669 298000 164810 158383 56708 136521 29756 1445 74097 0 2981 7392 61978 519022 COST OF SERVICES 280165 PLANT SPECIFIC EXPENSES 227750 CORPORATE OPERATIONS 217742 CUSTOMER OPERATIONS 46951 38268 2321969 940795 1078003 2061975 2375797 0 124939 19193 0 0 0 0 4900 4900 131433 99422 12516087 8077023 4868916 4439064 48271 45786 1924729 1873384 0 92500 99400 10198458 10034949 60360 105794 0 0 2650552 2261874 321787 43700 3032699 2411368 X 7165759 7623581 7165759 7623581 10198458 10034949 X 271118 -53830 240534 X false true X true false 6073 6073 698119 422137 275982 11811895 7654886 4157009 4439064 Investment in Alpine Communications 342561 C Investment in INS 1523656 F Other Investments 7167 C 1873384 Capital credits payable Customer deposits 43700 43700 Form 990, Part I, Line 19 PRIOR YEAR AMOUNTS IN 2022, KEYSTONE FARMERS COOPERATIVE TELEPHONE COMPANY 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 ANY PERSON, FIRM, ASSOCIATION OR BODY POLITIC OR SUBDIVISION THEROF MAY BECOME A MEMBER OF THE ORGANIZATION BY MAKING AN APPLICATION FOR MEMBERSHIP, BEING QUALIFIED FOR MEMBERSHIP PURSUANT TO THE ARTICLES OF INCORPORATION, AGREEING TO PURCHASE FROM THE COOPERATIVE TELEPHONE SERVICE, AGREEING TO COMPLY WITH AND BE BOUND BY THE ARTICLES OF INCORPORATION AND BYLAWS OF THE COOPERATION AND AGREEING TO PAY THE MEMBERSHIP FEE OF $10. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body DIRECTORS ARE ELECTED BY THE MEMBERS AT THE ANNUAL MEETING OF THE COOPERATIVE. Form 990, Part VI, Line 11b Review of form 990 by governing body AN INDEPENDENT ACCOUNTING FIRM PREPARES AND REVIEWS THE 990. THE 990 IS THEN REVIEWED BY THE ORGANZIATION'S GENERAL MANAGER. ANY QUESTIONS OR CONCERNS THE ORGANIZATION'S GENERAL MANAGER HAS ARE ADDRESSED AND ANY CORRECTIONS OR CLARIFICATIONS THAT NEED TO BE MADE ARE MADE. THE 990 IS THEN PROVIDED TO THE BOARD FOR THEIR REVIEW PRIOR TO FILING THE 990. Form 990, Part VI, Line 12c Conflict of interest policy KEYSTONE COMMUNICATIONS IN DECEMBER 2023 CONFIRMED THAT THERE WERE NO CONFLICT OF INTEREST WITH BOARD MEMBERS OR STAFF. Form 990, Part VI, Line 15a Process to establish compensation of top management official THE ORGANIZATION'S GENERAL MANAGER'S COMPENSATION IS DETERMINED BY COMPARING DATA FROM THE RURAL BROADBAND ASSOCIATION (NTCA) AND COMPARING TO OTHER GENERAL MANAGERS COMPENSATION AT NEARBY COOPERATIVES. THE COMPENSATION IS APPROVED BY THE BOARD OF DIRECTORS ON AN ANNUAL BASIS. Form 990, Part VI, Line 19 Required documents available to the public THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. Form 990, Part VIII, Line 11d Other Miscellaneous Revenue DIRECTORY ADVERTISING INCOME - Total Revenue: 1723, Related or Exempt Function Revenue: , Unrelated Business Revenue: 1723, Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Form 990, Part XI, Line 9 Other changes in net assets or fund balances Gain from Partnerships - -82616; Reclaimed capital credits - 34357; Payments of Capital Credits - -9207; Patronage Allocated - 298000; KEYSTONE COMMUNICATIONS 86 MAIN STREET KEYSTONE IA 52249 TELECOMMUNICATIONS IA KFCTC C Corporation 0 0 1 true false false false false false false false false false false false false false false false false false false false