2025-06-18T15:29:05-05:00 2024-12-31 411360831 OLSEN THIELEN & CO LTD 2675 LONG LAKE ROAD ST PAUL MN 55113 990 2024-01-01 410733426 RUNESTONE TELEPHONE ASSOCIATION RUNE 3209862013 PO BOX 336 HOFFMAN MN 563390336 KENT HEDSTROM GENERAL MANAGER/CEO 3209869061 2025-05-27 1 1 ALLISON L BOYD CPA P00535697 6514834521 2024 2025-03-06 01:10:19Z KENT HEDSTROM PO BOX 336 HOFFMAN MN 563390336 12994737 0 X HTTP://WWW.RUNESTONE.NET/MAIN/ X 1949 MN PROVIDE RELIABLE TELECOMMUNICATION SERVICES TO COOPERATIVE MEMBERS 5 5 28 0 47069 24360 0 0 12113973 12648751 122202 172934 153857 173052 12390032 12994737 0 0 2912971 2908137 750691 773912 0 0 0 6802744 7122715 10466406 10804764 1923626 2189973 37028271 40230575 1741831 1772662 35286440 38457913 PROVIDE RELIABLE TELECOMMUNICATION SERVICES TO COOPERATIVE MEMBERS AT REASONABLE RATES, WHILE RESPECTING EMPLOYEES AND CUSTOMERS. 0 0 PROVISION OF TELEPHONE, INTERNET AND CABLE TELEVISION SERVICES TO COOPERATIVE MEMBERS. 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 0 0 0 0 1 454 0 1 28 1 1 1 0 0 0 0 0 0 6582801 472105 0 0 0 X 5 5 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 0 0 1 1 0 X ORGANIZATION 3209862013 PO BOX 336 HOFFMAN MN 563390336 KENT HEDSTROM GENERAL MANAGER/CEO 40.00 X 275532 0 86672 RUSS FROEMMING NETWORK TECHNICIAN 40.00 X 132986 0 56339 RYAN SCHONHARDT OFFICE MANAGER/CFO 40.00 X 126111 0 47264 CHRIS VELDHOUSE OUTSIDE PLANT MANAGER 40.00 X 114642 0 54752 ROBERT LEEGAARD PRESIDENT 1.00 X X 12780 0 0 TORY BELGUM VICE PRESIDENT 1.00 X X 12780 0 0 JOHN KAPPHAHN SECRETARY/TREASURER 1.00 X X 12240 0 0 RICHARD STAPLES DIRECTOR 1.00 X 13080 0 0 JOLENE VIPOND DIRECTOR 1.00 X 12090 0 0 712241 0 245027 4 0 1 0 ARVIG COMMUNICATION SYSTEMS 150 2ND ST SW PERHAM MN 565731409 UNDERGROUND BORING 2715749 COOPERATIVE NETWORK SERVICES PO BOX J MENEHGA MN 56464 ENGINEERING 779313 RAMSTAD TECHNOLOGIES INC PO BOX 127 PILLAGER MN 56473 FIBER SPLICING 386616 ARNESON'S CONSTRUCTION & CABINETRY 25251 110TH AVE BROOTEN MN 56316 BUILDING CONSTRUCTION 273032 J CARLSON SERVICES INC 646 1ST ST E SHEVLIN MN 56676 HOME ENTRIES 259823 6 TELEPHONE SERVICES 517000 12535379 12535379 PARTNERSHIP INCOME 517000 84055 84055 ADVERTISING INCOME 541800 29317 25532 3785 12648751 155484 155484 77018 0 77018 77018 33734 43284 17450 0 17450 17450 17450 MISCELLANEOUS INCOME 900099 96034 96034 96034 12994737 12774734 47069 172934 X 2908137 425174 348738 4513 243936 45208 2753454 CORPORATE TAXES 8281 PLANT SPECIFIC 1317638 CATV EXPENSE 789819 INTERNET EXPENSE 721306 1238560 10804764 489060 1250720 4039611 4208840 2151195 1351493 198671 187950 126032 122350 51054863 29500094 19308123 21554769 996511 994990 49538 0 9669530 10559463 37028271 40230575 962379 965189 779452 807473 1741831 1772662 X 0 0 15287022 16401901 19999418 22056012 35286440 38457913 37028271 40230575 X 2189973 981500 X X 0 1 X 1 0 94197 94197 3645918 1919810 1726108 47314748 27580284 19734464 21554769 MATERIALS & SUPPLIES 2856132 PLANT UNDER CONSTRUCTION 7439712 OTHER ASSETS 49026 INCOME TAXES RECEIVABLE 1229 PREFUNDED PENSION DEPOSIT 213364 10559463 POST RETIREMENT HEALTHCARE 507473 DEFERRED LIABILITES 300000 807473 X 12994737 0 12994737 0 12994737 7896627 0 7896627 2908137 2908137 10804764 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. 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 XII, LINE 4B - OTHER ADJUSTMENTS: ALLOCATION OF 2024 MARGINS REPORTED ON PAGE 10, PART IX, LINE 4 X X 0 0 0 KENT HEDSTROM GENERAL MANAGER/CEO 275532 0 0 0 0 0 52359 0 34313 0 362204 0 0 0 RUSS FROEMMING NETWORK TECHNICIAN 132986 0 0 0 0 0 24805 0 31534 0 189325 0 0 0 RYAN SCHONHARDT OFFICE MANAGER/CFO 126111 0 0 0 0 0 23512 0 23752 0 173375 0 0 0 CHRIS VELDHOUSE OUTSIDE PLANT MANAGER 114642 0 0 0 0 0 22672 0 32080 0 169394 0 0 0 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 SIGNIFICANT CHANGES TO THE COOPERATIVE'S OPERATIONS. FORM 990, PART VI, SECTION A, LINE 7A THE COOPERATIVE'S MEMBERS EACH HAVE ONE VOTE TO AUTHORIZE AND ELECT NEW MEMBERS OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B EACH MEMBER HAS THE RIGHT TO CAST ONE VOTE TO APPROVE CHANGES MADE TO THE ARTICLES AND BYLAWS OF THE COOPERATIVE. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS PRESENTED AND REVIEWED BY THE BOARD OF DIRECTORS; IF ACCEPTABLE A MOTION IS MADE AND CARRIED TO APPROVE THE 990 FORM. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS MONITORED YEARLY AFTER EACH ANNUAL MEETING. FORM 990, PART VI, SECTION B, LINE 15 COMPARABLE DATA FROM NATIONAL AND STATE TELECOMMUNICATION ORGANIZATIONS ARE PRESENTED AND REVIEWED BY THE BOARD OF DIRECTORS ANNUALLY. BASED ON THE INFORMATION PROVIDED THE BOARD OF DIRECTORS APPROVES THE ANNUAL COMPENSATION. NO INDEPENDENT PERSON/S ARE INVOLVED FOR APPROVAL. FORM 990, PART VI, SECTION C, LINE 19 THE ARTICLES OF INCORPORATION, BYLAWS AND CURRENT FINANCIAL STATEMENTS ARE AVAILABLE ON OUR WEBSITE. FORM 990, PART IX, LINE 24E CUSTOMER OPERATIONS 428,929. PLANT SUPPORT 297,482. CORPORATE OPERATIONS 235,472. MISCELLANEOUS 153,393. LONG DISTANCE EXPENSE 67,825. OTHER TAXES 55,459. FORM 990, PART XI, LINE 9: ESTATE CAPITAL CREDITS RETIRED -159,071. RETIREMENT OF PATRONAGE CAPITAL -1,650,707. EXCISE TAX REFUNDS 10,608. ALLOCATION OF 2024 MARGINS REPORTED ON PAGE 10, PART IX, LINE 4 2,908,137. OTHER COMPREHENSIVE INCOME -127,467. FORM 990, PART XII, LINE 2C: THE PROCESS FOR COMMITTEE OVERSIGHT OF THE AUDIT HAS NOT CHANGED FROM THE PREVIOUS YEAR.