2026-07-15T15:08:57-05:00 2025-12-31 411360831 OLSEN THIELEN & CO LTD 2675 LONG LAKE ROAD ST PAUL MN 55113 990 2025-01-01 410733426 RUNESTONE TELEPHONE ASSOCIATION RUNE 3209862013 PO BOX 336 HOFFMAN MN 563390336 KENT HEDSTROM GENERAL MANAGER/CEO 3209869061 2026-06-27 1 ALLISON L BOYD CPA P00535697 6514834521 2025 2025-03-06 01:10:19Z KENT HEDSTROM PO BOX 336 HOFFMAN MN 563390336 13028526 0 X HTTP://WWW.RUNESTONE.NET/MAIN/ X 1949 MN PROVIDE RELIABLE TELECOMMUNICATION SERVICES TO COOPERATIVE MEMBERS 5 5 27 0 28174 12552 0 0 12648751 12669387 172934 169855 173052 189284 12994737 13028526 0 0 2908137 3681084 773912 822187 0 0 0 7122715 7651172 10804764 12154443 2189973 874083 40230575 42708452 1772662 1825022 38457913 40883430 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 1 510 0 1 27 1 1 1 0 0 0 0 0 0 6678779 447553 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 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 13680 0 0 RICHARD STAPLES DIRECTOR 1.00 X 13080 0 0 JOLENE VIPOND DIRECTOR 1.00 X 11880 0 0 KENT HEDSTROM GENERAL MANAGER/CEO 40.00 X 279560 0 88489 RUSS FROEMMING NETWORK TECHNICIAN 40.00 X 140263 0 58413 RYAN SCHONHARDT OFFICE MANAGER/CFO 40.00 X 129529 0 46710 CHRIS VELDHOUSE OUTSIDE PLANT MANAGER 40.00 X 117137 0 56124 730689 0 249736 4 0 1 0 ARVIG COMMUNICATION SYSTEMS 150 2ND ST SW PERHAM MN 565731409 UNDERGROUND BORING 4995229 COOPERATIVE NETWORK SERVICES PO BOX J MENEHGA MN 56464 ENGINEERING 768222 RAMSTAD TECHNOLOGIES INC PO BOX 127 PILLAGER MN 56473 FIBER SPLICING 142510 TELCOM CONSTRUCTION PO BOX 856910 MINNEAPOLIS MN 55485 FIBER SPLICING 112523 4 TELEPHONE SERVICES 517000 12567578 12567578 PARTNERSHIP INCOME 517000 72775 72775 ADVERTISING INCOME 541800 29034 24944 4090 12669387 169855 169855 59847 0 59847 59847 35763 24084 MISCELLANEOUS INCOME 900099 129437 129437 129437 13028526 12830497 28174 169855 3681084 432250 389937 7140 260449 96575 2943541 CORPORATE TAXES 7603 PLANT SPECIFIC 1445591 INTERNET EXPENSE 911946 CATV EXPENSE 815011 1163316 12154443 1250720 1301486 4208840 4597688 1351493 3460072 187950 132940 122350 115357 54094887 31732964 21554769 22361923 994990 986125 10559463 9752861 40230575 42708452 965189 862685 0 131014 807473 831323 1772662 1825022 X 0 0 16401901 17139535 22056012 23743895 38457913 40883430 40230575 42708452 X 874083 1551434 X X 0 1 X 1 0 94197 94197 3925799 2030197 1895602 50074891 29702767 20372124 22361923 MATERIALS & SUPPLIES 1475295 PLANT UNDER CONSTRUCTION 8089842 OTHER ASSETS 5000 INCOME TAXES RECEIVABLE 426 PREFUNDED PENSION DEPOSIT 182298 9752861 POST RETIREMENT HEALTHCARE 531323 DEFERRED LIABILITES 300000 831323 X 13028526 0 13028526 0 13028526 8473359 0 8473359 3681084 3681084 12154443 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 2025 MARGINS REPORTED ON PAGE 10, PART IX, LINE 4 X X 0 0 0 KENT HEDSTROM GENERAL MANAGER/CEO 279560 0 0 0 0 0 51840 0 36649 0 368049 0 0 0 RUSS FROEMMING NETWORK TECHNICIAN 140263 0 0 0 0 0 25196 0 33217 0 198676 0 0 0 RYAN SCHONHARDT OFFICE MANAGER/CFO 129529 0 0 0 0 0 21654 0 25056 0 176239 0 0 0 CHRIS VELDHOUSE OUTSIDE PLANT MANAGER 117137 0 0 0 0 0 22293 0 33831 0 173261 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 XI, LINE 9: ESTATE CAPITAL CREDITS RETIRED -187,913. RETIREMENT OF PATRONAGE CAPITAL -1,993,056. EXCISE TAX REFUNDS 9,842. ALLOCATION OF 2025 MARGINS REPORTED ON PAGE 10, PART IX, LINE 4 3,681,084. OTHER COMPREHENSIVE INCOME 41,477. FORM 990, PART XII, LINE 2C: THE PROCESS FOR COMMITTEE OVERSIGHT OF THE AUDIT HAS NOT CHANGED FROM THE PREVIOUS YEAR.