Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: TELECOMMUNICATIONS

  total $6,679,127 · related or exempt $6,679,127

• 3 · Investment income

  total $14,954 · excluded $14,954

• 6a · Gross rents

  real property $106,466

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $106,466

• 6d · Net rental income or loss

  total $106,466 · excluded $106,466

• 7a · Gross sales of assets other than inventory

  other assets $21,860

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

  securities $271,993 · other assets $15,784

• 7c · Gain or loss

  securities -$271,993 · other assets $6,076

• 7d · Net gain or loss

  total -$265,917 · excluded -$265,917

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $4,894

• 2 · Grants to domestic individuals

  total $8,167

• 5 · Compensation of officers, directors and key employees

  total $28,075

• 20 · Interest

  total $240,964

• 22 · Depreciation, depletion and amortization

  total $780,132

• 24a · Other expenses: INTERNET

  total $1,647,553

• 24b · Other expenses: PLANT SPECIFIC

  total $1,067,455

• 24c · Other expenses: CORPORATE

  total $954,880

• 24d · Other expenses: PLANT NON-SPECIFIC

  total $712,547

• 24e · All other expenses

  total $397,751

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $242,187 · end of year $1,047,065

• 4 · Accounts receivable

  beginning of year $473,824 · end of year $473,771

• 8 · Inventories for sale or use

  beginning of year $88,954 · end of year $87,974

• 9 · Prepaid expenses and deferred charges

  beginning of year $29,711 · end of year $71,514

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

  $31,069,841

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

  $23,436,849

• 10c · Land, buildings and equipment, net

  beginning of year $8,147,421 · end of year $7,632,992

• 12 · Investments: other securities

  beginning of year $885,441 · end of year $614,998

• 15 · Other assets

  beginning of year $172,557 · end of year $166,426

• 17 · Accounts payable and accrued expenses

  beginning of year $731,547 · end of year $629,901

• 23 · Secured mortgages and notes payable

  beginning of year $3,800,000 · end of year $3,278,971

• 25 · Other liabilities

  beginning of year $179,973 · end of year $168,313

• 29 · Capital stock, trust principal or current funds

  beginning of year $5,042 · end of year $5,122

• 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 $5,323,533 · end of year $6,012,433

The filer's explanations (Part III)

PART I, LINE 3

THE MEMBER COMMITTEE OF CONSOLIDATED BUSINESS SERVICES LLC (CBS LLC), WHICH INCLUDES 2 BOARD MEMBERS OF BEAVER CREEK COOPERATIVE TELEPHONE COMPANY, RECEIVES COMPENSATION INPUT FROM EACH OF THE CBS LLC MEMBERS WHERE PAUL IS THE CEO; THE COMMITTEE CONFERS AND DETERMINES HIS COMPENSATION. PAUL HAS AN EMPLOYMENT CONTRACT WITH CBS LLC.

Related partnerships

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

• CONSOLIDATED BUSINESS SERVICES LLC

  RELATED · MANAGEMENT SERVICES · OR · 18.18% owned · share of income $2,092,903 · share of assets $428,934

Related corporations and trusts

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

• TELSYSTEMS WEST INC

  C · TELECOMMUNICATIONS INVESTMENTS · OR · 100% owned · share of assets $606,321

  Directly controlled by BEAVER CREEK COOPERATIVE TELEPHONE

• MEGAVAIL INC

  C · TELEVISION ADVERTISEMENT INSERTION · OR · 91.18% owned · share of assets $46,989

  Directly controlled by TELSYSTEMS WEST INC