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Nonprofiteer
← PAUL BUNYAN RURAL TELEPHONE COOPERATIVE

Form 990 for tax year 2022

Filed by PAUL BUNYAN RURAL TELEPHONE COOPERATIVE.

Totals

Total revenue
$75,862,439
Total expenses
$75,761,663
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$75,573,747
Investment income
$83,202
Other revenue
$205,490
Total assets, end of year
$175,241,374
Total liabilities, end of year
$43,176,695
Net assets or fund balances, end of year
$132,064,679
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 $75,417,593 · related or exempt $75,240,123 · unrelated business $177,470

  • 2b · Program service revenue: TELEVISION ADS

    total $496,897 · unrelated business $496,897

  • 2c · Program service revenue: ADVERTISING

    total $58,035 · unrelated business $58,035

  • 2d · Program service revenue: PAYPHONE

    total $575 · unrelated business $575

  • 2e · Program service revenue: PARTNERSHIP INCOME

    total -$399,353 · related or exempt -$399,353

  • 3 · Investment income

    total $74,289 · unrelated business $665 · excluded $73,624

  • 6a · Gross rents

    real property $249,222

  • 6b · Less rental expenses

    real property $43,732

  • 6c · Rental income or loss

    real property $205,490

  • 6d · Net rental income or loss

    total $205,490 · related or exempt $205,490

  • 7a · Gross sales of assets other than inventory

    other assets $10,000

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

    other assets $1,087

  • 7c · Gain or loss

    other assets $8,913

  • 7d · Net gain or loss

    total $8,913 · excluded $8,913

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $16,585,481

  • 5 · Compensation of officers, directors and key employees

    total $2,826,659

  • 8 · Pension plan contributions

    total $2,400,795

  • 11b · Fees: legal

    total $10,227

  • 11c · Fees: accounting

    total $1,241,187

  • 20 · Interest

    total $832,322

  • 22 · Depreciation, depletion and amortization

    total $11,141,705

  • 24a · Other expenses: TAXES

    total $109,393

  • 24b · Other expenses: VIDEO

    total $16,734,724

  • 24c · Other expenses: PLANT EXPENSE

    total $7,965,859

  • 24d · Other expenses: INTERNET

    total $7,371,511

  • 24e · All other expenses

    total $8,541,800

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $956,571 · end of year $888,039

  • 2 · Savings and temporary cash investments

    beginning of year $11,659,848 · end of year $5,788,068

  • 4 · Accounts receivable

    beginning of year $178,792 · end of year $262,278

  • 7 · Other notes and loans receivable

    beginning of year $353,508 · end of year $330,447

  • 9 · Prepaid expenses and deferred charges

    beginning of year $226,608 · end of year $309,927

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

    $297,772,986

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

    $165,613,673

  • 10c · Land, buildings and equipment, net

    beginning of year $127,254,054 · end of year $132,159,313

  • 12 · Investments: other securities

    beginning of year $2,445,983 · end of year $2,590,282

  • 13 · Investments: program-related

    beginning of year $9,460,369 · end of year $8,671,674

  • 15 · Other assets

    beginning of year $15,055,299 · end of year $24,241,346

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,834,664 · end of year $6,925,787

  • 23 · Secured mortgages and notes payable

    beginning of year $32,315,345 · end of year $29,392,265

  • 25 · Other liabilities

    beginning of year $7,674,421 · end of year $6,858,643

  • 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 $118,252,461 · end of year $125,485,441

  • 31 · Retained earnings, endowment or other funds

    beginning of year $2,514,141 · end of year $6,579,238

Mission and programs · 2022

Mission

PROVIDE TELECOMMUNICATION SERVICES TO COOPERATIVE MEMBERS.

  • PROVISION OF TELEPHONE, INTERNET, AND CABLE TELEVISION SERVICES TO COOPERATIVE MEMBERS.

As filed on the 2022 return.

Listed in Part VII

  • Randy Frisk

    PRESIDENT

    Total calculated
    $43,883
    From this org
    $43,883
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • James Sutton

    VICE PRESIDENT

    Total calculated
    $45,006
    From this org
    $45,006
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Tim Hins

    TREASURER

    Total calculated
    $43,124
    From this org
    $43,124
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Bruce Campbell

    SECRETARY

    Total calculated
    $42,219
    From this org
    $42,219
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Tracy Mistic-Schaar

    DIRECTOR

    Total calculated
    $38,060
    From this org
    $38,060
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Glenda Martin

    DIRECTOR

    Total calculated
    $28,286
    From this org
    $28,286
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Mark Matteson

    DIRECTOR THRU FEBRUARY

    Total calculated
    $10,115
    From this org
    $10,115
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Brian Nicklason

    DIRECTOR AFTER JUNE

    Total calculated
    $16,939
    From this org
    $16,939
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Gary Johnson

    CEO & GM

    Total calculated
    $511,054
    From this org
    $498,882
    From related orgs
    $0
    Other
    $12,172
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $498,882
    Bonus
    $0
    Other
    $0
    Deferred
    $12,172
    Nontaxable benefits
    $0
    Filer's total
    $511,054

  • Dave Schultz

    CHIEF FINANCIAL OFFICER

    Total calculated
    $292,557
    From this org
    $284,023
    From related orgs
    $0
    Other
    $8,534
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $284,023
    Bonus
    $0
    Other
    $0
    Deferred
    $8,534
    Nontaxable benefits
    $0
    Filer's total
    $292,557

  • Steve Howard

    INFO, TECH & DEVELOPMENT M

    Total calculated
    $200,807
    From this org
    $194,213
    From related orgs
    $0
    Other
    $6,594
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $194,213
    Bonus
    $0
    Other
    $0
    Deferred
    $6,594
    Nontaxable benefits
    $0
    Filer's total
    $200,807

  • Robert St Clair

    NETWORK OPERATIONS MANAGER

    Total calculated
    $194,784
    From this org
    $188,416
    From related orgs
    $0
    Other
    $6,368
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $188,416
    Bonus
    $0
    Other
    $0
    Deferred
    $6,368
    Nontaxable benefits
    $0
    Filer's total
    $194,784

  • Leo Anderson Jr

    TECHNOLOGY EXPERIENCE MANA

    Total calculated
    $191,990
    From this org
    $186,374
    From related orgs
    $0
    Other
    $5,616
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $186,374
    Bonus
    $0
    Other
    $0
    Deferred
    $5,616
    Nontaxable benefits
    $0
    Filer's total
    $191,990

  • Christie Turn

    CUSTOMER SERVICE MANAGER

    Total calculated
    $176,822
    From this org
    $171,517
    From related orgs
    $0
    Other
    $5,305
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $171,517
    Bonus
    $0
    Other
    $0
    Deferred
    $5,305
    Nontaxable benefits
    $0
    Filer's total
    $176,822

  • Ryan Otting

    INSTALL REPAIR SUPERVISOR

    Total calculated
    $112,965
    From this org
    $109,570
    From related orgs
    $0
    Other
    $3,395
    Hours/week
    40

  • Teresa Crews

    ACCOUNTING SUPERVISOR

    Total calculated
    $120,436
    From this org
    $116,787
    From related orgs
    $0
    Other
    $3,649
    Hours/week
    40

  • Grant Hicok

    DATA SERVICES

    Total calculated
    $109,537
    From this org
    $106,290
    From related orgs
    $0
    Other
    $3,247
    Hours/week
    40

  • Cheryl Pauly

    CENTRAL OFFICE SUPERVISOR

    Total calculated
    $113,007
    From this org
    $109,593
    From related orgs
    $0
    Other
    $3,414
    Hours/week
    40

  • Brian Bissonette

    MARKETING SUPERVISOR

    Total calculated
    $109,446
    From this org
    $106,143
    From related orgs
    $0
    Other
    $3,303
    Hours/week
    40

  • Ronald Vold

    OUTSIDE PLANT SUPERIOR

    Total calculated
    $108,675
    From this org
    $105,395
    From related orgs
    $0
    Other
    $3,280
    Hours/week
    40

  • Lisa Geerdes

    DATA SERVICES

    Total calculated
    $107,234
    From this org
    $103,959
    From related orgs
    $0
    Other
    $3,275
    Hours/week
    40

  • Crystal Mattfield

    DATA SERVICES

    Total calculated
    $105,255
    From this org
    $102,183
    From related orgs
    $0
    Other
    $3,072
    Hours/week
    40

  • Tiffany Falk

    CABLE MAINTENANCE

    Total calculated
    $104,457
    From this org
    $101,358
    From related orgs
    $0
    Other
    $3,099
    Hours/week
    40

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
  • 1a · Tax indemnification and gross-up payments
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Written employment contract
  • 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

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • NORTHERN COMMUNICATIONS LLC

    TELECOMMUNICATIONS · MN · income $98,512 · assets $441,322

    Directly controlled by PAUL BUNYAN RURAL TELEPHONE COOPERATIVE

Related partnerships

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

  • PINNACLE PUBLISHING LLC

    INVESTMENT · PUBLISHING · MN · 67.16% owned · share of income -$102,627 · share of assets $5,128,580

    Directly controlled by PAUL BUNYAN RURAL TELEPHONE COOPERATIVE

  • COOPERATIVE DEVELOPMENT LLC

    INVESTMENT · CONTRACTING · MN · 50% owned · share of income -$145,655 · share of assets $4,092,873

    Directly controlled by PAUL BUNYAN RURAL TELEPHONE COOPERATIVE

Provenance

Return type
form_990
Tax year
2022
Filed
8 August 2023
IRS schema version
2022v5.0
Source object
202342279349303719

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