Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $36,998

• 2a · Program service revenue: TELECOMMUNICATION SERV

  total $7,664,993 · related or exempt $7,664,993

• 3 · Investment income

  total $155,869 · excluded $155,869

• 6a · Gross rents

  real property $31,777

• 6b · Less rental expenses

  real property $2,799

• 6c · Rental income or loss

  real property $28,978

• 6d · Net rental income or loss

  total $28,978 · unrelated business $7,401 · excluded $21,577

• 11a · Other revenue: DIRECTORY REVENUE

  total $40,039 · unrelated business $40,039

• 11b · Other revenue: SALES TO NON-MEMBERS

  total $36,739 · unrelated business $36,739

• 11c · Other revenue: SUBSIDIARY EARNINGS

  total $20,759 · related or exempt $20,759

• 11e · Other revenue, total

  $97,537

Functional expenses

Part IX, the statement of functional expenses.

• 4 · Benefits paid to or for members

  total $1,261,482

• 5 · Compensation of officers, directors and key employees

  total $253,716

• 9 · Other employee benefits

  total $215,404

• 11b · Fees: legal

  total $17,128

• 11c · Fees: accounting

  total $166,629

• 16 · Occupancy

  total $35,705

• 20 · Interest

  total $243,983

• 22 · Depreciation, depletion and amortization

  total $1,593,599

• 24a · Other expenses: PLANT SPECIFIC

  total $1,416,363

• 24b · Other expenses: COST OF SERVICE

  total $1,336,012

• 24c · Other expenses: CORPORATE OPERATIONS

  total $735,215

• 24d · Other expenses: CUSTOMER AND OTHER

  total $597,842

• 24e · All other expenses

  total $90,538

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $430,649 · end of year $510,382

• 2 · Savings and temporary cash investments

  beginning of year $1,410,393 · end of year $1,267,792

• 4 · Accounts receivable

  beginning of year $747,465 · end of year $842,321

• 8 · Inventories for sale or use

  beginning of year $625,476 · end of year $828,727

• 9 · Prepaid expenses and deferred charges

  beginning of year $73,254 · end of year $75,091

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

  $30,516,578

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

  $16,816,115

• 10c · Land, buildings and equipment, net

  beginning of year $11,629,038 · end of year $13,700,463

• 11 · Investments: publicly traded securities

  beginning of year $995,608 · end of year $1,047,376

• 12 · Investments: other securities

  beginning of year $12,161 · end of year $10,359

• 13 · Investments: program-related

  beginning of year $809,224 · end of year $829,983

• 15 · Other assets

  beginning of year $0 · end of year $297,899

• 17 · Accounts payable and accrued expenses

  beginning of year $695,374 · end of year $754,142

• 19 · Deferred revenue

  beginning of year $103,113 · end of year $589,549

• 23 · Secured mortgages and notes payable

  beginning of year $6,121,158 · end of year $7,042,937

• 25 · Other liabilities

  beginning of year $19,588 · end of year $25,476

• 29 · Capital stock, trust principal or current funds

  beginning of year $28,280 · end of year $31,590

• 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 $9,765,755 · end of year $10,966,699

The filer's explanations (Part III)

PART I, LINE 4B

THE COOPERATIVE HAS A NONQUALIFIED RETIREMENT PLAN FOR CASEY PECK. THE AMOUNT ACCRUED IN THE PLAN IS $37,662 AS OF DECEMBER 31, 2022.

Related corporations and trusts

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

• COMMUNICATIONS NETWORK INC

  C · TELECOMMUNICATIONS · IA · 100% owned · share of income $20,759 · share of assets $1,086,488 · controlled entity

  Directly controlled by KALONA COOPERATIVE TELEPHONE COMPANY