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Nonprofiteer
← CONSOLIDATED TELEPHONE COMPANY

Form 990 for tax year 2023

Filed by CONSOLIDATED TELEPHONE COMPANY.

Totals

Total revenue
$41,736,339
Total expenses
$41,965,710
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$40,817,307
Investment income
$140,607
Other revenue
$778,425
Total assets, end of year
$105,208,732
Total liabilities, end of year
$44,176,080
Net assets or fund balances, end of year
$61,032,652
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: TELEPHONE SERVICES

    total $40,530,915 · related or exempt $40,530,915

  • 2b · Program service revenue: PARTNERSHIP INCOME

    total $258,000 · related or exempt $258,000

  • 2c · Program service revenue: ADVERTISING INCOME

    total $28,392 · unrelated business $28,392

  • 3 · Investment income

    total $140,607 · excluded $140,607

  • 6a · Gross rents

    real property $598,613

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $598,613

  • 6d · Net rental income or loss

    total $598,613 · related or exempt $598,613

  • 11a · Other revenue: MISCELLANEOUS

    total $179,812 · excluded $179,812

  • 11e · Other revenue, total

    $179,812

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $4,927,362

  • 5 · Compensation of officers, directors and key employees

    total $1,424,326

  • 8 · Pension plan contributions

    total $1,978,291

  • 11b · Fees: legal

    total $107,120

  • 11c · Fees: accounting

    total $79,901

  • 12 · Advertising and promotion

    total $1,025,722

  • 20 · Interest

    total $848,463

  • 22 · Depreciation, depletion and amortization

    total $8,361,190

  • 24a · Other expenses: REPAIRS & MAINTENANCE

    total $7,532,073

  • 24b · Other expenses: NONREGULATED ACTIVITY E

    total $5,551,803

  • 24c · Other expenses: CUSTOMER OPERATIONS

    total $4,001,255

  • 24d · Other expenses: CORPORATE OPERATIONS

    total $3,843,447

  • 24e · All other expenses

    total $2,284,757

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,356,807 · end of year $6,530,392

  • 2 · Savings and temporary cash investments

    beginning of year $2,042,396 · end of year $1,031,199

  • 4 · Accounts receivable

    beginning of year $7,969,942 · end of year $8,079,733

  • 7 · Other notes and loans receivable

    beginning of year $217,871 · end of year $2,651,042

  • 8 · Inventories for sale or use

    beginning of year $6,045,107 · end of year $6,323,199

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,217,665 · end of year $2,495,637

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

    $146,579,470

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

    $80,820,060

  • 10c · Land, buildings and equipment, net

    beginning of year $63,571,421 · end of year $65,759,410

  • 11 · Investments: publicly traded securities

    beginning of year $100,000 · end of year $100,000

  • 12 · Investments: other securities

    beginning of year $3,871,146 · end of year $3,975,182

  • 15 · Other assets

    beginning of year $8,711,088 · end of year $8,262,938

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,349,082 · end of year $4,852,051

  • 18 · Grants payable

    beginning of year $300,000 · end of year $300,000

  • 19 · Deferred revenue

    beginning of year $882,698 · end of year $848,869

  • 23 · Secured mortgages and notes payable

    beginning of year $26,119,247 · end of year $28,493,420

  • 25 · Other liabilities

    beginning of year $9,938,454 · end of year $9,681,740

  • 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 $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $57,513,962 · end of year $61,032,652

Mission and programs · 2023

Mission

CONSOLIDATED TELEPHONE COMPANY'S MISSION IS TO EMPOWER OUR MEMBERS, EMPLOYEES, AND COMMUNITIES THROUGH EXCEPTIONAL SERVICE AND LIFE CHANGING TECHNOLOGY SOLUTIONS FOR A SUSTAINABLE FUTURE.

Activities or mission (Part I)

PROVIDE COMMUNICATION SOLUTIONS PROVIDING PRODUCTS AND SERVICES ENHANCING OUR CUSTOMERS' LIVES.

  • THROUGH TECHNOLOGY LEADERSHIP, SMART GROWTH, AND COMMUNITY ENGAGEMENT, OUR COOPERATIVE DEMONSTRATES EXTRAORDINARY FOCUS TO POSITIVELY TRANSFORM THOSE WE SERVE, OUR 17,717 MEMBERS. CTC EMPOWERS OUR MEMBERS, EMPLOYEES AND COMMUNITIES THROUGH EXCEPTIONAL SERVICES AND LIFE CHANGING TECHNOLOGY SOLUTIONS FOR A SUSTAINABLE FUTURE.

As filed on the 2023 return.

Listed in Part VII

  • Kristi Westbrock

    CEO/GENERAL MANAGER

    Total calculated
    $547,061
    From this org
    $399,650
    From related orgs
    $0
    Other
    $147,411
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $399,650
    Bonus
    $0
    Other
    $0
    Deferred
    $107,628
    Nontaxable benefits
    $39,783
    Filer's total
    $547,061

  • Gregory Springer

    CFO

    Total calculated
    $401,828
    From this org
    $269,554
    From related orgs
    $0
    Other
    $132,274
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $269,554
    Bonus
    $0
    Other
    $0
    Deferred
    $94,023
    Nontaxable benefits
    $38,251
    Filer's total
    $401,828

  • Andrew Isackson

    CHIEF MARKETING OFFICER

    Total calculated
    $324,439
    From this org
    $224,095
    From related orgs
    $0
    Other
    $100,344
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $224,095
    Bonus
    $0
    Other
    $0
    Deferred
    $63,827
    Nontaxable benefits
    $36,517
    Filer's total
    $324,439

  • Joseph Buttweiler

    CHIEF STRATEGY OFFICER

    Total calculated
    $316,974
    From this org
    $223,779
    From related orgs
    $0
    Other
    $93,195
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $223,779
    Bonus
    $0
    Other
    $0
    Deferred
    $63,698
    Nontaxable benefits
    $29,497
    Filer's total
    $316,974

  • Jason Atwater

    CHEIF OPERATIONS OFFICER

    Total calculated
    $321,237
    From this org
    $220,587
    From related orgs
    $0
    Other
    $100,650
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $220,587
    Bonus
    $0
    Other
    $0
    Deferred
    $63,680
    Nontaxable benefits
    $36,970
    Filer's total
    $321,237

  • Lauren Johnson

    ACCOUNT EXECUTIVE

    Total calculated
    $274,522
    From this org
    $186,860
    From related orgs
    $0
    Other
    $87,662
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $186,860
    Bonus
    $0
    Other
    $0
    Deferred
    $50,444
    Nontaxable benefits
    $37,218
    Filer's total
    $274,522

  • Eryk Haapajoki

    DIRECTOR OF SALES

    Total calculated
    $195,187
    From this org
    $165,339
    From related orgs
    $0
    Other
    $29,848
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $165,339
    Bonus
    $0
    Other
    $0
    Deferred
    $17,923
    Nontaxable benefits
    $11,925
    Filer's total
    $195,187

  • Ryan Rosenwald

    DIRECTOR OF SALES

    Total calculated
    $222,622
    From this org
    $146,986
    From related orgs
    $0
    Other
    $75,636
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $146,986
    Bonus
    $0
    Other
    $0
    Deferred
    $39,531
    Nontaxable benefits
    $36,105
    Filer's total
    $222,622

  • Kathleen Kobliska

    TREASURER

    Total calculated
    $20,200
    From this org
    $20,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Heather Hoskins

    BOARD MEMBER

    Total calculated
    $19,950
    From this org
    $19,950
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Amanda Lowe

    VICE CHAIRPERSON

    Total calculated
    $19,700
    From this org
    $19,700
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Leland Segler

    BOARD MEMBER

    Total calculated
    $19,100
    From this org
    $19,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Michael Wetzel

    BOARD MEMBER

    Total calculated
    $18,100
    From this org
    $18,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Kirk Smith

    CHAIRPERSON

    Total calculated
    $17,950
    From this org
    $17,950
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Chad Converse

    SECRETARY

    Total calculated
    $17,950
    From this org
    $17,950
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Morris Nelson

    BOARD MEMBER

    Total calculated
    $12,850
    From this org
    $12,850
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Tyler Glynn

    BOARD MEMBER

    Total calculated
    $4,200
    From this org
    $4,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Nathan Thiesse

    BOARD MEMBER

    Total calculated
    $4,200
    From this org
    $4,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

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
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 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
THE CEO AND BOARD DETERMINE WHEN A COMPANION CAN ACCOMPANY THE EMPLOYEE ON A BUSINESS TRIP.

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

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • ALPENGLOW TECHNOLOGIES LLC DBA XTONA

    INVESTMENT · IT SERVICES · MN · 40% owned · share of income $88,131 · share of assets $92,971

  • LAKE PARTNERS LLC

    INVESTMENT · TELEPHONE SERVICE · MN · 50% owned · share of income -$502 · share of assets $55,548

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CONTEL SYSTEMS INC

    C · EQUIPMENT SALES & LEASE · MN · 100% owned · share of income $208,663 · share of assets $3,030,679

Provenance

Return type
form_990
Tax year
2023
Filed
16 September 2024
IRS schema version
2023v5.1
Source object
202443209349305814

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