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Nonprofiteer
← KEYSTONE FARMERS CO-OP TELEPHONE CO

Form 990 for tax year 2023

Filed by KEYSTONE FARMERS CO-OP TELEPHONE CO.

Totals

Total revenue
$2,593,087
Total expenses
$2,321,969
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$2,236,028
Investment income
$138,209
Other revenue
$218,850
Total assets, end of year
$10,034,949
Total liabilities, end of year
$2,411,368
Net assets or fund balances, end of year
$7,623,581
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$0

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: NETWORK ACCESS SERVICES

    total $1,290,488 · related or exempt $1,290,488

  • 2b · Program service revenue: INTERNET SERVICES

    total $560,213 · related or exempt $560,213

  • 2c · Program service revenue: CABLE TELEVISION SERVICES

    total $254,133 · related or exempt $254,133

  • 2d · Program service revenue: LOCAL NETWORK SERVICES

    total $131,194 · related or exempt $131,194

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $138,209 · excluded $138,209

  • 6a · Gross rents

    real property $36,977

  • 6c · Rental income or loss

    real property $36,977 · personal property $0

  • 6d · Net rental income or loss

    total $36,977 · excluded $36,977

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11a · Other revenue: MISCELLANEOUS Income

    total $85,483 · excluded $85,483

  • 11b · Other revenue: INCOME FROM PARTNERSHIPS

    total $82,616 · unrelated business $82,616

  • 11c · Other revenue: Emergency Services Income

    total $12,051 · unrelated business $12,051

  • 11d · All other revenue

    total $1,723 · related or exempt $0 · unrelated business $1,723 · excluded $0

  • 11e · Other revenue, total

    $181,873

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $298,000

  • 5 · Compensation of officers, directors and key employees

    total $164,810

  • 7 · Other salaries and wages

    total $158,383

  • 8 · Pension plan contributions

    total $56,708

  • 9 · Other employee benefits

    total $136,521

  • 10 · Payroll taxes

    total $29,756

  • 11b · Fees: legal

    total $1,445

  • 11c · Fees: accounting

    total $74,097

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $2,981

  • 13 · Office expenses

    total $7,392

  • 20 · Interest

    total $61,978

  • 22 · Depreciation, depletion and amortization

    total $519,022

  • 24a · Other expenses: COST OF SERVICES

    total $280,165

  • 24b · Other expenses: PLANT SPECIFIC EXPENSES

    total $227,750

  • 24c · Other expenses: CORPORATE OPERATIONS

    total $217,742

  • 24d · Other expenses: CUSTOMER OPERATIONS

    total $46,951

  • 24e · All other expenses

    total $38,268

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $940,795 · end of year $1,078,003

  • 2 · Savings and temporary cash investments

    beginning of year $2,061,975 · end of year $2,375,797

  • 3 · Pledges and grants receivable

    beginning of year $0

  • 4 · Accounts receivable

    beginning of year $124,939 · end of year $19,193

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $4,900 · end of year $4,900

  • 9 · Prepaid expenses and deferred charges

    beginning of year $131,433 · end of year $99,422

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

    $12,516,087

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

    $8,077,023

  • 10c · Land, buildings and equipment, net

    beginning of year $4,868,916 · end of year $4,439,064

  • 11 · Investments: publicly traded securities

    beginning of year $48,271 · end of year $45,786

  • 12 · Investments: other securities

    beginning of year $1,924,729 · end of year $1,873,384

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $92,500 · end of year $99,400

  • 17 · Accounts payable and accrued expenses

    beginning of year $60,360 · end of year $105,794

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $2,650,552 · end of year $2,261,874

  • 25 · Other liabilities

    beginning of year $321,787 · end of year $43,700

  • 31 · Retained earnings, endowment or other funds

    beginning of year $7,165,759 · end of year $7,623,581

Mission and programs · 2023

Mission

TO PROVIDE TELECOMMUNICATIONS SERVICES TO ITS MEMBERS

Activities or mission (Part I)

TO PROVIDE TELECOMMUNICATIONS SERVICES TO ITS MEMBERS.

  • THE COOPERATIVE PROVIDES QUALITY TELECOMMUNICATIONS SERVICES TO ITS MEMBER SUBSCRIBERS. THESE SERVICES INCLUDE LOCAL EXCHANGE SERVICE, TOLL SERVICE, INTERNET SERVICE, VIDEO SERVICE, INSTALLATION AND MAINTENANCE OF CUSTOMER PREMISE WIRING AND OTHER MISCELLANEOUS SERVICES FOR QUALITY TELECOMMUNICATIONS SERVICE.

As filed on the 2023 return.

Listed in Part VII

  • Jerry Junge

    1ST BOARD VICE PRESIDENT

    Total calculated
    $1,243
    From this org
    $1,243
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Randy Hosek

    BOARD PRESIDENT

    Total calculated
    $1,539
    From this org
    $1,539
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Rebecca Anderson

    2ND BOARD VICE PRESIDENT

    Total calculated
    $1,531
    From this org
    $1,531
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Sam Parizek

    BOARD SECRETARY/TREASURER

    Total calculated
    $1,836
    From this org
    $1,836
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Craig Selk

    DIRECTOR

    Total calculated
    $1,712
    From this org
    $1,712
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Mike Grimm

    DIRECTOR

    Total calculated
    $2,054
    From this org
    $2,054
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Rick Pickering

    DIRECTOR

    Total calculated
    $1,901
    From this org
    $1,901
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Byran Kimm

    GENERAL MANAGER END; EVP BEG 08/23

    Total calculated
    $107,142
    From this org
    $107,142
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Mitch J Kuhn

    GENERAL MANAGER BEG 08/23

    Total calculated
    $45,852
    From this org
    $45,852
    From related orgs
    $0
    Other
    $0
    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.

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 corporations and trusts

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

  • KEYSTONE COMMUNICATIONS

    C Corporation · TELECOMMUNICATIONS · IA · 100% owned · share of income $0 · share of assets $0 · controlled entity

    Directly controlled by KFCTC

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202423199349312282

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