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Nonprofiteer
← 3 RIVERS TELEPHONE COOPERATIVE INC

Form 990 for tax year 2023

Filed by 3 RIVERS TELEPHONE COOPERATIVE INC.

Totals

Total revenue
$58,316,762
Total expenses
$58,316,762
Contributions and grants received
$0
Grants paid
$50,000
Program service revenue
$57,938,086
Investment income
$121,790
Other revenue
$256,886
Total assets, end of year
$178,760,111
Total liabilities, end of year
$57,844,922
Net assets or fund balances, end of year
$120,915,189
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: WIRELINE

    total $37,847,748 · related or exempt $37,847,748

  • 2b · Program service revenue: INTERNET

    total $18,887,733 · related or exempt $18,887,733

  • 2c · Program service revenue: MISCELLANEOUS

    total $1,202,605 · related or exempt $930,977 · unrelated business $271,628

  • 3 · Investment income

    total $249,020 · excluded $249,020

  • 7a · Gross sales of assets other than inventory

    securities $1,523,989

  • 7b · Less cost or other basis and sales expenses

    securities $1,651,219

  • 7c · Gain or loss

    securities -$127,230

  • 7d · Net gain or loss

    total -$127,230 · excluded -$127,230

  • 11a · Other revenue: AFUDC

    total $249,790 · excluded $249,790

  • 11b · Other revenue: PASSTHROUGH INVESTMENT

    total $7,096 · related or exempt $7,096

  • 11e · Other revenue, total

    $256,886

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $50,000

  • 4 · Benefits paid to or for members

    total $3,183,592

  • 5 · Compensation of officers, directors and key employees

    total $1,702,736

  • 7 · Other salaries and wages

    total $729,850

  • 20 · Interest

    total $1,394,614

  • 22 · Depreciation, depletion and amortization

    total $19,308,241

  • 24a · Other expenses: NONREGULATED

    total $11,703,459

  • 24b · Other expenses: PLANT SPECIFIC OPERATIO

    total $10,438,853

  • 24c · Other expenses: PLANT NONSPECIFIC OPERA

    total $3,779,790

  • 24d · Other expenses: CORPORATE OPERATIONS

    total $2,106,588

  • 24e · All other expenses

    total $3,919,039

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $20,255,242 · end of year $11,201,609

  • 2 · Savings and temporary cash investments

    beginning of year $4,276,610 · end of year $4,463,396

  • 4 · Accounts receivable

    beginning of year $6,674,370 · end of year $5,884,381

  • 8 · Inventories for sale or use

    beginning of year $5,772,176 · end of year $5,135,852

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,142,539 · end of year $1,402,718

  • 10a · Land, buildings and equipment: cost or other basis

    $327,919,179

  • 10b · Land, buildings and equipment: accumulated depreciation

    $190,309,784

  • 10c · Land, buildings and equipment, net

    beginning of year $119,513,558 · end of year $137,609,395

  • 12 · Investments: other securities

    beginning of year $7,327,964 · end of year $6,571,526

  • 15 · Other assets

    beginning of year $19,658,612 · end of year $6,491,234

  • 17 · Accounts payable and accrued expenses

    beginning of year $14,176,717 · end of year $5,866,872

  • 23 · Secured mortgages and notes payable

    beginning of year $43,799,208 · end of year $45,402,211

  • 25 · Other liabilities

    beginning of year $11,184,942 · end of year $6,575,839

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $11,333,347 · end of year $11,992,318

  • 31 · Retained earnings, endowment or other funds

    beginning of year $104,126,857 · end of year $108,922,871

Mission and programs · 2023

Mission

TO PROVIDE ADVANCED COMMUNICATIONS SERVICES AND GAINFUL EMPLOYMENT TO ENHANCE THE QUALITY OF OUR MEMBERS AND EMPLOYEES' LIVES WHILE IMPROVING THE ECONOMIC WELL-BEING OF THE COMMUNITIES SERVED.

  • 3 RIVERS TELEPHONE COOPERATIVE MAKES TELEPHONE, INTERNET SERVICES AND FACILITIES AVAILABLE TO THE WIDEST PRACTICAL NUMBER OF USERS ON A NON-PROFIT, COOPERATIVE BASIS.

As filed on the 2023 return.

Listed in Part VII

  • Mary E Hill

    PRESIDENT

    Total calculated
    $40,539
    From this org
    $40,539
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Logan P Good

    TRUSTEE

    Total calculated
    $34,647
    From this org
    $34,647
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Kirk R Dige

    VICE PRESIDENT

    Total calculated
    $19,843
    From this org
    $19,843
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Howard W Goltz

    TRUSTEE

    Total calculated
    $16,534
    From this org
    $16,534
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Kelly M McInerney

    SECRETARY/TREASURER

    Total calculated
    $32,425
    From this org
    $32,425
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Kyle J Burgmaier

    TRUSTEE

    Total calculated
    $34,147
    From this org
    $34,147
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Diane M Gollehon

    TRUSTEE

    Total calculated
    $32,734
    From this org
    $32,734
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Dale E Giem

    TRUSTEE

    Total calculated
    $40,766
    From this org
    $40,766
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • David Gibson

    CEO/GM

    Total calculated
    $451,219
    From this org
    $377,346
    From related orgs
    $0
    Other
    $73,873
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $297,928
    Bonus
    $53,895
    Other
    $25,523
    Deferred
    $51,416
    Nontaxable benefits
    $22,457
    Filer's total
    $451,219

  • Emily Gulick

    CFO

    Total calculated
    $248,665
    From this org
    $197,819
    From related orgs
    $0
    Other
    $50,846
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $165,000
    Bonus
    $24,001
    Other
    $8,818
    Deferred
    $24,430
    Nontaxable benefits
    $26,416
    Filer's total
    $248,665

  • Ernest Peterson

    DIRECTOR OF FACILITY OPERATIONS

    Total calculated
    $319,103
    From this org
    $191,442
    From related orgs
    $0
    Other
    $127,661
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $157,128
    Bonus
    $21,767
    Other
    $12,547
    Deferred
    $106,344
    Nontaxable benefits
    $21,317
    Filer's total
    $319,103

  • Timothy Hodges

    DIRECTOR OF NETWORK OPERATIONS

    Total calculated
    $571,449
    From this org
    $176,190
    From related orgs
    $0
    Other
    $395,259
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $149,936
    Bonus
    $20,771
    Other
    $5,483
    Deferred
    $368,927
    Nontaxable benefits
    $26,332
    Filer's total
    $571,449

  • Peggy Poor

    DIRECTOR OF CUSTOMER OPERATIONS

    Total calculated
    $241,895
    From this org
    $161,542
    From related orgs
    $0
    Other
    $80,353
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $137,945
    Bonus
    $18,241
    Other
    $5,356
    Deferred
    $69,147
    Nontaxable benefits
    $11,206
    Filer's total
    $241,895

  • Bonnie Mayer

    DIRECTOR OF HUMAN RESOURCES

    Total calculated
    $137,202
    From this org
    $152,820
    From related orgs
    $0
    Other
    -$15,618
    Hours/week
    40

  • Tyler Lura

    DISTRICT SUPERVISOR

    Total calculated
    $172,503
    From this org
    $151,854
    From related orgs
    $0
    Other
    $20,649
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $139,608
    Bonus
    $8,326
    Other
    $3,920
    Deferred
    -$5,361
    Nontaxable benefits
    $26,010
    Filer's total
    $172,503

  • Steven Krogue

    IP NETWORK TECHNICIAN

    Total calculated
    $170,500
    From this org
    $144,605
    From related orgs
    $0
    Other
    $25,895
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $142,592
    Bonus
    $2,421
    Other
    -$408
    Deferred
    -$96
    Nontaxable benefits
    $25,991
    Filer's total
    $170,500

  • Daniel Kimmet

    OSP ENGINEER

    Total calculated
    $168,580
    From this org
    $142,296
    From related orgs
    $0
    Other
    $26,284
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $138,129
    Bonus
    $2,130
    Other
    $2,037
    Deferred
    $398
    Nontaxable benefits
    $25,886
    Filer's total
    $168,580

  • Donald Serido Jr

    DIRECTOR MARKETING/SALES

    Total calculated
    $190,035
    From this org
    $138,275
    From related orgs
    $0
    Other
    $51,760
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $114,639
    Bonus
    $15,881
    Other
    $7,755
    Deferred
    $30,811
    Nontaxable benefits
    $20,949
    Filer's total
    $190,035

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Travel for companions
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 1b · Written policy on the line-1a expenses
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINE 1A
SOME AIRFARE AND MEAL EXPENSES ARE PROVIDED FOR SPOUSES TO ACCOMPANY KEY EMPLOYEES ON BUSINESS TRAVEL. EMPLOYEES REIMBURSE THE COMPANY FOR THEIR SPOUSES' TRAVEL EXPENSES. THE BOARD HAS SPOUSAL TRAVEL PAID FOR BY THE COMPANY, FOR WHICH THEY ARE TAXED EACH YEAR.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • MONTANA HISTORICAL SOCIETY

    $50,000

    TO PROVIDE FUNDING FOR FIELD TRIPS FOR MONTANA STUDENTS TO THE MONTANA HERITAGE CENTER AND STATE CAPITOL, AS WELL AS EDUCATIONAL RESOURCES THAT CONNECT CLASSROOM ACTIVITIES TO THEIR FIELD TRIP EXPERIENCE.

Provenance

Return type
form_990
Tax year
2023
Filed
3 October 2024
IRS schema version
2023v5.1
Source object
202442829349301309

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