2024-05-15T15:47:22-05:00 2023-06-30 910189318 MOSS ADAMS LLP 7285 WEST 132ND STREET STE 220 OVERLAND PARK KS 66213 990 2022-07-01 350916880 WASHINGTON COUNTY RURAL TELEPHONE COOP INC WASH 8129673171 PO BOX 9 105 EAST RAILROAD ST PEKIN IN 47165 ROLAND K KING PRESIDENT 8129673171 2024-05-15 1 ROLAND KING 999009999 0 EMINA O CRESSWELL CPA P01217304 5097472600 2024-05-15 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z TELE-MEDIA SOLUTIONS ROLAND K KING 105 EAST RAILROAD STREET PEKIN IN 47165 7151551 0 X HTTP://WWW.TELE-MEDIASOLUTIONS.COOP/ X 1953 IN THE CORPORATION PROVIDES TELECOMMUNICATION SERVICES TO ITS PATRONS ON A NON-PROFIT BASIS. 7 7 20 0 266 0 0 85033 6039815 6979285 69436 30645 -17779 56588 6091472 7151551 0 0 0 0 38675 245899 0 0 0 5307845 5664115 5346520 5910014 744952 1241537 29722865 30637886 15249327 14979572 14473538 15658314 TO PROVIDE TELECOMMUNICATIONS, LONG DISTANCE, AND INTERNET SERVICES TO PATRONS ON A NON-PROFIT BASIS. 0 0 5910014 7017200 THE COMPANY PROVIDES TELECOMMUNICATION SERVICES INCLUDING INTERNET TO APPROXIMATELY 2,550 PATRONS ON A NON-PROFIT BASIS. 5910014 0 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 29 0 1 20 1 1 1 0 0 0 0 2132109 126970 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 1 1 0 0 0 1 1 1 0 IN X CAROLINA CARDOSO 8129673171 105 EAST RAILROAD ST PEKIN IN 47165 ROLAND KING PRESIDENT 1.50 X X 5442 0 0 DAVID GOTTBRATH VICE PRESIDENT 1.00 X X 5100 0 0 DAN MEADOR SECRETARY 1.00 X X 2700 0 0 JOHN HOKE TREASURER 1.00 X X 4901 0 0 THOMAS GRAY BOARD MEMBER 1.00 X 4550 0 0 KEVIN AKERS BOARD MEMBER 1.00 X 2316 0 0 DAVID SOUDER BOARD MEMBER 1.00 X 4400 0 0 CHRIS BROY GENERAL MANAGER 43.00 X 84776 0 7802 LAURIE OETKEN CONTROLLER 42.00 X 62540 0 6515 176725 0 14317 0 0 0 0 0 85033 85033 NETWORK ACCESS SERVICE 517000 4940252 4940252 INTERNET REVENUE 517000 1703033 1703033 LOCAL SERVICE 517000 317593 317449 144 18407 18407 6979285 30549 30549 56466 0 56466 56466 56466 96 0 96 96 96 DIRECTORY REVENUE 221000 122 122 122 7151551 7017200 266 49052 115707 130192 44790 84319 1166 71348 164793 242147 1995333 TELEPHONE 1235967 INTERNET EXPENSE 1214280 CORPORATE OPERATIONS 405095 CUSTOMER OPERATIONS 204877 5910014 3035999 1132671 923171 2062260 26981 856594 826853 739344 93485 91501 47560378 22796941 19038148 24763437 223560 0 207666 888866 84882 84882 16164 16164 5245956 2167 29722865 30637886 3655026 338311 2170823 2752647 9423478 11888614 15249327 14979572 X 0 0 0 0 14473538 15658314 14473538 15658314 29722865 30637886 X 1241537 -4030 -52731 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 63493 63493 1579078 950573 628505 45917807 21846368 24071439 24763437 X 7146357 -4028 -4028 7150385 1166 1166 7151551 5908848 0 5908848 1166 1166 5910014 PART X, LINE 2: THE COOPERATIVE IS EXEMPT FROM INCOME TAX ON INCOME RECEIVED FROM ITS MEMBERS. THE COOPERATIVE'S UNRELATED BUSINESS INCOME IS SUBJECT TO FEDERAL AND STATE INCOME TAXES WHICH IS IMMATERIAL. DEFERRED TAXES ARE PROVIDED ON A LIABILITY METHOD WHEREBY DEFERRED TAX LIABILITIES ARE RECOGNIZED FOR DEDUCTIBLE TEMPORARY DIFFERENCES, AND DEFERRED TAX ASSETS ARE RECOGNIZED FOR TAXABLE TEMPORARY DIFFERENCES. TEMPORARY DIFFERENCES ARE THE DIFFERENCES BETWEEN THE REPORTED AMOUNTS OF ASSETS AND LIABILITIES AND THEIR TAX BASIS. DEFERRED TAX ASSETS ARE REDUCED BY A VALUATION ALLOWANCE WHEN, IN THE OPINION OF MANAGEMENT, IT IS MORE LIKELY THAN NOT SOME PORTION OR ALL OF THE DEFERRED TAX WILL NOT BE REALIZED. DEFERRED TAX ASSETS AND LIABILITIES ARE ADJUSTED FOR THE EFFECTS OF CHANGES IN TAX LAWS AND RATES ON THE DATE OF ENACTMENT. THE COOPERATIVE DID NOT HAVE ANY DEFERRED TAX ASSETS OR DEFERRED TAX LIABILITIES AS OF JUNE 30, 2023 AND 2022. THE COOPERATIVE RECORDS UNCERTAIN TAX POSITIONS IF THE LIKELIHOOD THE POSITION WILL BE SUSTAINED UPON EXAMINATION IS LESS THAN 50%. AS OF JUNE 30, 2023 AND 2022, THE COOPERATIVE HAD NO ACCRUED AMOUNTS RELATED TO UNCERTAIN TAX POSITIONS. INTEREST AND PENALTIES, IF ANY, ARE RECORDED AS INTEREST EXPENSE AND OTHER EXPENSE, RESPECTIVELY. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION IS A TAX-EXEMPT TELEPHONE COOPERATIVE. CUSTOMERS WHO SATISFY TERMS FOR MEMBERSHIP CONTAINED IN THE BYLAWS ARE DESIGNATED MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS ARE ELECTED AT ANNUAL MEETING OF THE COOPERATIVE'S MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B THE COOPERATIVE MAY NOT SELL, MORTGAGE, LEASE OR OTHERWISE DISPOSE OF OR ENCUMBER ALL OR ANY SUBSTANTIAL PORTION IN EXCESS OF TEN PERCENT (1O%) OF ITS TOTAL ASSETS UNLESS SUCH SALE, MORTGAGE, LEASE OR OTHER DISPOSITION OR ENCUMBRANCE IS: A. AUTHORIZED AT A MEETING OF THE THEN TOTAL MEMBERS BY THE AFFIRMATIVE VOTE CAST IN PERSON, WITHOUT PROXIES, OF AT LEAST TWO-THIRDS (2/3) OF THE TOTAL MEMBERS OF THE COOPERATIVE; AND B. AUTHORIZED BY THE HOLDERS OF AT LEAST SEVENTY-FIVE PERCENT (75%) OF THE OUTSTANDING INDEBTEDNESS OF THE COOPERATIVE; AND C. PROCEEDED BY A NOTICE OF MEETING AT WHICH SUCH SALE, MORTGAGE, LEASE OR OTHER DISPOSITION OR ENCUMBRANCE IS TO BE VOTED ON. FORM 990, PART VI, SECTION B, LINE 11B THE GENERAL MANAGER PRESENTS FORM 990 THAT WAS PREPARED BY THE CPA FIRM TO THE BOARD OF DIRECTORS BEFORE IT IS FILED. IF THEY HAVE ANY QUESTIONS, THE GENERAL MANAGER CONTACTS THE CPA FIRM PREPARER. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF THE GENERAL MANAGER IS REVIEWED AND APPROVED ANNUALLY BY THE BOARD OF DIRECTORS. THE BOARD USES THE NATIONAL TELECOMMUNICATIONS COOPERATIVE ASSOCIATION ANNUAL COMPENSATION & BENEFITS SURVEY AS A SOURCE FOR COMPARABILITY DATA. DECISIONS ON COMPENSATION ARE DOCUMENTED IN THE BOARD MINUTES. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. THE CORPORATE BYLAWS ARE AVAILABLE ON THE COMPANY'S WEBSITE. FORM 990, PART XI, LINE 9: PATRONAGE CAPITAL RETIRED -52,731.