2025-11-12T20:54:36-06:00 2024-12-31 390859910 BAKER TILLY ADVISORY GROUP LP 601 W RIVERSIDE AVENUE STE 1800 SPOKANE WA 99201 990 2024-01-01 870217682 EMERY TELEPHONE DBA EMERY TELCOM EMER 4357482223 PO BOX 629 ORANGEVILLE UT 845370629 DARREN WOOLSEY CFO 4357482223 2025-11-04 1 1 EMINA O CRESSWELL P01217304 5097472600 2025-11-04 2024 2025-03-06 01:10:19Z BROCK JOHANSEN PO BOX 629 ORANGEVILLE UT 845370629 10109276 0 X HTTP://WWW.EMERYTELCOM.COM/ X 1950 UT PROVIDE TO OUR COMMUNITIES THE HIGHEST QUALITY, STATE-OF-THE-ART COMMUNICATIONS RELATED PRODUCTS AND SERVICES AT AFFORDABLE RATES; PROVIDE AN ENJOYABLE AND BENEFICIAL WORK ENVIRONMENT; AND OTHERWISE IMPROVE THE QUALITY OF LIFE IN OUR COMMUNITIES. 8 8 113 0 68066 50772 0 0 7383547 9784014 34784 111664 83871 83695 7502202 9979373 0 0 2096458 3900061 1524410 1581818 0 0 0 5405744 6079311 9026612 11561190 -1524410 -1581817 22859009 23648834 4267886 2547557 18591123 21101277 PROVIDE TO OUR COMMUNITIES THE HIGHEST QUALITY, STATE-OF-THE-ART COMMUNICATIONS RELATED PRODUCTS AND SERVICES AT AFFORDABLE RATES; PROVIDE AN ENJOYABLE AND BENEFICIAL WORK ENVIRONMENT; AND OTHERWISE IMPROVE THE QUALITY OF LIFE IN OUR COMMUNITIES. 0 0 INDEPENDENT TELEPHONE COOPERATIVE WITH APPROXIMATELY 2,869 RURAL TELEPHONE AND 998 CONSUMER BROADBAND ONLY SUBSCRIBERS AT DECEMBER 31, 2024. THE COOPERATIVE MAKES TELEPHONE SERVICES AVAILABLE TO THE WIDEST PRACTICAL NUMBER OF USERS ON A NONPROFIT, COOPERATIVE BASIS. 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 1 37 0 1 113 1 1 1 0 0 0 0 4192364 327894 0 0 0 X 8 8 0 0 1 0 1 1 1 1 1 0 0 0 1 1 1 0 1 1 1 1 1 UT X DARREN L WOOLSEY 4357483129 445 EAST SR 29 ORANGEVILLE UT 845370629 LARRY PACKER BOARD VICE PRESIDENT 0.30 1.20 X X 4700 0 22848 KEVIN TUTTLE BOARD SECRETARY 0.30 1.20 X X 4200 0 25303 KOLLETTE COLOGIE BOARD MEMBER 0.30 1.20 X 12400 0 246 CYNTHIA NEILSON BOARD MEMBER 0.30 1.20 X 7952 0 1640 MICHAEL JUSTICE BOARD MEMBER 0.30 1.20 X 3350 0 28862 THOMAS L HANSEN BOARD PRESIDENT 0.30 1.20 X X 5200 0 30989 SHAWN SITTERUD BOARD MEMBER 0.30 1.20 X 3850 0 28892 MORRIS SORENSEN BOARD MEMBER 0.30 1.20 X 3884 0 15815 BROCK JOHANSEN CEO 8.70 31.30 X 511145 0 90496 JARED ANDERSON COO 8.70 31.30 X 328857 0 87718 DARREN WOOLSEY CFO 8.70 31.30 X 348388 0 68902 DAVE HOLZER IT AND BUSINESS SERVICES MANAGER 11.20 28.80 X 150798 0 49933 JAKE FRANDSEN ACCOUNTING MANAGER 8.70 31.30 X 143520 0 46280 GREG BARTON OP & CONSTRUCTION MANAGER 6.30 33.70 X 141435 0 45099 STEVEN DALEY ENGINEER 6.30 33.70 X 125998 0 47856 RYAN SHARP HR MANAGER 11.20 28.80 X 125426 0 55249 1921103 0 646128 13 0 1 0 0 WIRELINE REVENUE 517000 7289311 7289311 INTERNET REVENUE 517000 2451294 2451294 DIRECTORY REVENUE 541800 43409 4822 38587 9784014 111664 111664 201928 129903 72025 72025 29479 42546 MISCELLANEOUS 517000 11670 11670 11670 9979373 9757097 68066 154210 3900061 1581818 12835 1518358 UNRELATED BUSINESS INCO 16727 PLANT SPECIFIC OPERATIO 2047147 NONREGULATED 1013838 CORPORATE OPERATIONS 602786 867620 11561190 -1475835 -2003028 1538257 1862401 934170 710888 273681 216204 39929285 25357334 13705666 14571951 7338047 7346273 545023 944145 22859009 23648834 2996436 1207551 1271450 1340006 4267886 2547557 X 126256 126256 0 0 18464867 20975021 18591123 21101277 22859009 23648834 X -1581817 4091971 X 0 1 X 1 0 88193 88193 4251268 3165138 1086130 35589824 22192196 13397628 14571951 7257800 C INVESTMENT IN NONAFFILIATED COMPANIES 88473 C 7346273 UNCLAIMED PATRONAGE CREDITS 444763 OTHER LIABILITIES 895243 1340006 X PART X, LINE 2: IN 2024 AND 2023, THE COOPERATIVE QUALIFIED AS A TAX-EXEMPT ENTITY BECAUSE MORE THAN 85% OF GROSS REVENUES WERE FROM THE COOPERATIVE MEMBERS. TAXES ARE COMPUTED ON INCOME UNRELATED TO THE COOPERATIVE'S EXEMPT PURPOSE. THE COOPERATIVE'S SUBSIDIARIES ARE TAXABLE FOR BOTH FEDERAL AND STATE INCOME TAX PURPOSES AND FILE A CONSOLIDATED TAX RETURN. DEFERRED TAXES ARE PROVIDED ON A LIABILITY METHOD, WHEREBY DEFERRED TAX ASSETS ARE RECOGNIZED FOR FUTURE DEDUCTIBLE TEMPORARY DIFFERENCES, AND DEFERRED TAX LIABILITIES ARE RECOGNIZED FOR FUTURE 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 THAT SOME PORTION OF 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 COMPANY RECORDS UNCERTAIN TAX POSITIONS IF THE LIKELIHOOD THE POSITION WILL BE SUSTAINED UPON EXAMINATION IS LESS THAN 50%. AS OF DECEMBER 31, 2024 AND 2023, THE COMPANY HAD NO ACCRUED AMOUNTS RELATED TO UNCERTAIN TAX POSITIONS. INTEREST AND PENALTIES, IF ANY, ARE RECORDED AS INTEREST EXPENSE AND OTHER EXPENSE, RESPECTIVELY. X X 1 1 X X 0 0 0 BROCK JOHANSEN CEO 408122 0 100850 0 2173 0 55416 0 35080 0 601641 0 0 0 DARREN WOOLSEY CFO 276965 0 68069 0 3354 0 63572 0 5330 0 417290 0 0 0 JARED ANDERSON COO 254266 0 72882 0 1709 0 52638 0 35080 0 416575 0 0 0 DAVE HOLZER IT AND BUSINESS SERVICES MANAGER 145318 0 4000 0 1480 0 18536 0 31397 0 200731 0 0 0 JAKE FRANDSEN ACCOUNTING MANAGER 138574 0 4500 0 446 0 42604 0 3676 0 189800 0 0 0 GREG BARTON OP & CONSTRUCTION MANAGER 136447 0 4000 0 988 0 13641 0 31458 0 186534 0 0 0 RYAN SHARP HR MANAGER 120497 0 4000 0 929 0 21510 0 33739 0 180675 0 0 0 STEVEN DALEY ENGINEER 124724 0 850 0 424 0 16415 0 31441 0 173854 0 0 0 PART I, LINE 1A COMPANY HAS PERMITTED AIRLINE SEATING UPGRADES TO FIRST CLASS FOR CEO AND ASSISTANT GM ON LONG FLIGHTS. THE COMPANY ALLOWS THE CEO'S WIFE TO TRAVEL WITH HIM UP TO TWO TIMES EACH YEAR. THE COMPANY PAYS FOR SPOUSAL AIRFARE AND CONFERENCES, A SPOUSAL REGISTRATION IS ALSO ALLOWED FOR THE CONFERENCE REGISTRATIONS PREVIOUSLY DESCRIBED. WHEN SPOUSES ACCOMPANY BOARD OR KEY EMLOYEES TO INDUSTRY CONFERENCES, WITH THE EXCEPTION OF THE LIMITED CEO SPOUSAL TRAVEL DESCRIBED, MEALS, ENTERTAINMENT, AND GENERAL TRAVEL EXPENSES ARE NOT PAID BY THE COMPANY. SPOUSAL TRAVEL PAID BY THE COMPANY IS INCLUDED AS TAXABLE INCOME TO THE EMPLOYEE. FORM 990, PART VI, SECTION A, LINE 4 IN 2024, THE ORGANIZATION AMENDED ITS BYLAWS TO UPDATE THE MEMBERSHIP ELIGIBILITY CRITERIA. TO BE ELIGIBLE FOR MEMBERSHIP, ONE MUST SUBSCRIBE TO A RETAIL ACCESS LINE, RETAIL INTERNET SERVICES, OR OTHER SERVICES DETERMINED BY THE BOARD, FROM EMERY TELEPHONE OR ITS WHOLLY OWNED SUBSIDIARY, EMERY TELCOM INTERNET LLC. ADDITIONALLY, THE OFFICERS OF THE COOPERATIVE SHALL INCLUDE THE PRESIDENT, VICE PRESIDENT, SECRETARY, CHIEF EXECUTIVE OFFICER/TREASURER. THE CEO/TREASURER SHALL BE A NONVOTING MEMBER OF THE BOARD OF DIRECTORS AND BE EMPLOYED BY THE COOPERATIVE. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION OPERATES AS A COOPERATIVE CONSISTING OF MEMBERS. ALL MEMBERS ARE EQUAL AND RECEIVE ONE VOTE IN BOARD ELECTIONS AND DECISIONS. EACH COMMUNITY (HISTORICAL PHONE EXCHANGE BOUNDARY) IN THE COOPERATIVE HAS A BOARD MEMBER REPRESENTATIVE. PROFITS ARE ALLOCATED TO MEMBERS BASED UPON THEIR LOCAL SERVICE DOLLARS AND ACCESS MINUTES GENERATED. FORM 990, PART VI, SECTION A, LINE 7A ALL MEMBERS ARE EQUAL AND RECEIVE ONE VOTE IN BOARD ELECTIONS AND DECISIONS. EACH COMMUNITY (HISTORICAL PHONE EXCHANGE BOUNDARY) IN THE COOPERATIVE HAS A BOARD MEMBER REPRESENTATIVE. PROFITS ARE ALLOCATED TO MEMBERS BASED UPON THEIR LOCAL SERVICE DOLLARS AND ACCESS MINUTES GENERATED. FORM 990, PART VI, SECTION A, LINE 7B SOME ACTIONS REQUIRE MEMBER APPROVAL BY VOTE AND ATTENDANCE AT THE COOPERATIVE ANNUAL MEETING. FORM 990, PART VI, SECTION B, LINE 11B THE CFO REVIEWS THE 990 AND THE BOARD IS THEN INFORMED OF ANY CHANGES AFFECTING THE 990. IN THE ABSENCE OF COOPERATIVE CHANGES AFFECTING THE 990 FILING, NO FORMAL REVIEW IS CONSIDERED NECESSARY AT THE BOARD LEVEL. FORM 990, PART VI, SECTION B, LINE 12C PRIOR TO ELIGIBILITY FOR ELECTION TO THE BOARD OF DIRECTORS THE CANDIDATE MUST PROVIDE EVIDENCE AND CERTIFY COMPLIANCE WITH THE CONFLICTS OF INTEREST POLICY. WHILE SERVING ON THE BOARD, COMPLIANCE IS MONITORED BY THE COOPERATIVE'S MANAGEMENT AND BOARD OF DIRECTORS. WHERE CONFLICTS ARE DISCOVERED THE OFFENDING PARTY MUST REMEDY THE CONFLICT OR BE SUBJECT TO REPLACEMENT/TERMINATION. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR KEY EMPLOYEES, OFFICERS, AND TOP MANAGEMENT IS DETERMINED BY INDEPENDENT REVIEW AND APPROVAL BY THE BOARD OF DIRECTORS. INDUSTRY SALARY SURVEYS AND PEER DATA ARE USED FOR COMPARABILITY AND TO ESTABLISH SALARY RANGE PARAMETERS FOR ALL EMPLOYEES INCLUDING KEY EMPLOYEES AND CEO. COMPARABILITY DATA IS SPECIFIC TO SIMILAR SIZED TELECOMMUNICATION COMPANIES, CONSIDERING SERVICE OFFERINGS, NUMBER OF RELATED ENTITIES, NUMBER OF CUSTOMERS, REGION, CORPORATE COMPLEXITY/OWNERSHIP, AND REVENUE SIZE. FORM 990, PART VI, SECTION C, LINE 18 FORMS 990 IS AVAILABLE FOR PUBLIC INSPECTION AT THE ORANGEVILLE, UTAH BUSINESS OFFICE OR UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MAINTAINED AND ARE AVAILABLE FOR INSPECTION AT THE COOPERATIVE'S BUSINESS OFFICE AT 445 E. SR 29, ORANGEVILLE, UT 84537. FINANCIAL RESULTS ARE ALSO PRESENTED DURING THE ANNUAL MEETING OF THE MEMBERS. PORTIONS OF THE GOVERNING DOCUMENTS ARE COMMUNICATED DURING THE ELECTION PROCESS AND AT ANNUAL MEETINGS AS NEEDED. ADDITIONALLY, THE CONFLICT OF INTEREST POLICY IS MAILED TO MEMBERS APPLYING FOR BOARD ELECTIONS. FORM 990, PART XI, LINE 9: CAPITAL CREDIT RETIREMENTS -1,368,821. OTHER COMPREHENSIVE INCOME - POSTRETIREMENT BENEFIT OBLIGATION -21,087. OFFICER COMPENSATION 1,581,818. BENEFITS PAID TO MEMBERS 3,900,061. 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