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Nonprofiteer
← PAUL BUNYAN RURAL TELEPHONE COOPERATIVE

Form 990 for tax year 2023

Filed by PAUL BUNYAN RURAL TELEPHONE COOPERATIVE.

Totals

Total revenue
$77,599,527
Total expenses
$76,689,624
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$77,056,720
Investment income
$372,882
Other revenue
$169,925
Total assets, end of year
$189,335,170
Total liabilities, end of year
$43,733,120
Net assets or fund balances, end of year
$145,602,050
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 $76,071,881 · related or exempt $75,888,508 · unrelated business $183,373

  • 2b · Program service revenue: PARTNERSHIP INCOME

    total $551,944 · related or exempt $551,944

  • 2c · Program service revenue: TELEVISION ADS

    total $391,173 · unrelated business $391,173

  • 2d · Program service revenue: ADVERTISING

    total $41,147 · unrelated business $41,147

  • 2e · Program service revenue: PAYPHONE

    total $575 · unrelated business $575

  • 3 · Investment income

    total $159,938 · unrelated business $2,616 · excluded $157,322

  • 6a · Gross rents

    real property $232,974

  • 6b · Less rental expenses

    real property $63,188

  • 6c · Rental income or loss

    real property $169,786

  • 6d · Net rental income or loss

    total $169,786 · related or exempt $169,786

  • 7a · Gross sales of assets other than inventory

    other assets $212,944

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

    other assets $0

  • 7c · Gain or loss

    other assets $212,944

  • 7d · Net gain or loss

    total $212,944 · excluded $212,944

  • 11a · Other revenue: OTHER INCOME

    total $139 · unrelated business $139

  • 11e · Other revenue, total

    $139

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $14,115,205

  • 5 · Compensation of officers, directors and key employees

    total $1,918,014

  • 8 · Pension plan contributions

    total $2,887,709

  • 11b · Fees: legal

    total $17,854

  • 11c · Fees: accounting

    total $1,341,846

  • 20 · Interest

    total $920,800

  • 22 · Depreciation, depletion and amortization

    total $12,168,617

  • 24a · Other expenses: TAXES

    total $83,388

  • 24b · Other expenses: VIDEO

    total $17,020,608

  • 24c · Other expenses: INTERNET

    total $9,039,403

  • 24d · Other expenses: PLANT EXPENSE

    total $7,887,625

  • 24e · All other expenses

    total $9,288,555

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $888,039 · end of year $469,918

  • 2 · Savings and temporary cash investments

    beginning of year $5,788,068 · end of year $979,631

  • 4 · Accounts receivable

    beginning of year $262,278 · end of year $601,085

  • 7 · Other notes and loans receivable

    beginning of year $330,447 · end of year $327,855

  • 9 · Prepaid expenses and deferred charges

    beginning of year $309,927 · end of year $627,265

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

    $320,143,254

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

    $163,519,038

  • 10c · Land, buildings and equipment, net

    beginning of year $132,159,313 · end of year $156,624,216

  • 12 · Investments: other securities

    beginning of year $2,590,282 · end of year $2,548,924

  • 13 · Investments: program-related

    beginning of year $8,671,674 · end of year $9,043,096

  • 15 · Other assets

    beginning of year $24,241,346 · end of year $18,113,180

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,925,787 · end of year $8,317,634

  • 23 · Secured mortgages and notes payable

    beginning of year $29,392,265 · end of year $26,442,037

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $4,000,000

  • 25 · Other liabilities

    beginning of year $6,858,643 · end of year $4,973,449

  • 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 $125,485,441 · end of year $135,887,804

  • 31 · Retained earnings, endowment or other funds

    beginning of year $6,579,238 · end of year $9,714,246

Mission and programs · 2023

Mission

PROVIDE TELECOMMUNICATION SERVICES TO COOPERATIVE MEMBERS.

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

As filed on the 2023 return.

Listed in Part VII

  • Randy Frisk

    PRESIDENT

    Total calculated
    $43,749
    From this org
    $43,749
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • James Sutton

    VICE PRESIDENT

    Total calculated
    $42,838
    From this org
    $42,838
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Tim Hins

    TREASURER

    Total calculated
    $41,489
    From this org
    $41,489
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Bruce Campbell

    SECRETARY

    Total calculated
    $40,930
    From this org
    $40,930
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Tracy Mistic-Schaar

    DIRECTOR

    Total calculated
    $39,725
    From this org
    $39,725
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Glenda Martin

    DIRECTOR

    Total calculated
    $27,932
    From this org
    $27,932
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Brian Nicklason

    DIRECTOR

    Total calculated
    $32,309
    From this org
    $32,309
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Kathleen Peterson

    PAST DIRECTOR

    Total calculated
    $5,212
    From this org
    $5,212
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Gary Johnson

    CEO & GM

    Total calculated
    $542,526
    From this org
    $530,374
    From related orgs
    $0
    Other
    $12,152
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $530,374
    Bonus
    $0
    Other
    $0
    Deferred
    $9,900
    Nontaxable benefits
    $2,252
    Filer's total
    $542,526

  • Dave Schultz

    CHIEF FINANCIAL OFFICER

    Total calculated
    $315,138
    From this org
    $305,919
    From related orgs
    $0
    Other
    $9,219
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $305,919
    Bonus
    $0
    Other
    $0
    Deferred
    $9,219
    Nontaxable benefits
    $0
    Filer's total
    $315,138

  • Steve Howard

    INFO, TECH & DEVELOPMENT M

    Total calculated
    $204,859
    From this org
    $198,102
    From related orgs
    $0
    Other
    $6,757
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $198,102
    Bonus
    $0
    Other
    $0
    Deferred
    $6,046
    Nontaxable benefits
    $711
    Filer's total
    $204,859

  • Robert St Clair

    NETWORK OPERATIONS MANAGER

    Total calculated
    $209,616
    From this org
    $202,709
    From related orgs
    $0
    Other
    $6,907
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $202,709
    Bonus
    $0
    Other
    $0
    Deferred
    $6,162
    Nontaxable benefits
    $745
    Filer's total
    $209,616

  • Leo Anderson Jr

    TECHNOLOGY EXPERIENCE MANA

    Total calculated
    $192,839
    From this org
    $187,175
    From related orgs
    $0
    Other
    $5,664
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $187,175
    Bonus
    $0
    Other
    $0
    Deferred
    $5,664
    Nontaxable benefits
    $0
    Filer's total
    $192,839

  • Christie Turn

    CUSTOMER SERVICE MANAGER

    Total calculated
    $178,851
    From this org
    $173,468
    From related orgs
    $0
    Other
    $5,383
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $173,468
    Bonus
    $0
    Other
    $0
    Deferred
    $5,383
    Nontaxable benefits
    $0
    Filer's total
    $178,851

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 $91,626 · assets $433,107

    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 $141,647 · share of assets $4,815,044

    Directly controlled by PAUL BUNYAN RURAL TELEPHONE COOPERATIVE

  • COOPERATIVE DEVELOPMENT LLC

    INVESTMENT · CONTRACTING · MN · 50% owned · share of income $353,200 · share of assets $4,190,455

    Directly controlled by PAUL BUNYAN RURAL TELEPHONE COOPERATIVE

Provenance

Return type
form_990
Tax year
2023
Filed
6 August 2024
IRS schema version
2023v5.1
Source object
202402269349301415

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