Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: TELECOMMUNICATIONS

  total $6,608,778 · related or exempt $6,608,778

• 3 · Investment income

  total $44,463 · excluded $44,463

• 6a · Gross rents

  real property $120,066

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $120,066

• 6d · Net rental income or loss

  total $120,066 · excluded $120,066

• 7a · Gross sales of assets other than inventory

  securities $27,759 · other assets $92,774

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

  securities $0 · other assets $83,274

• 7c · Gain or loss

  securities $27,759 · other assets $9,500

• 7d · Net gain or loss

  total $37,259 · excluded $37,259

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $1,181

• 2 · Grants to domestic individuals

  total $10,667

• 5 · Compensation of officers, directors and key employees

  total $26,800

• 20 · Interest

  total $206,053

• 22 · Depreciation, depletion and amortization

  total $718,265

• 24a · Other expenses: INTERNET

  total $1,637,036

• 24b · Other expenses: PLANT SPECIFIC

  total $1,214,585

• 24c · Other expenses: CORPORATE

  total $974,045

• 24d · Other expenses: PLANT NON-SPECIFIC

  total $747,189

• 24e · All other expenses

  total $432,071

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,047,065 · end of year $1,776,806

• 4 · Accounts receivable

  beginning of year $473,771 · end of year $496,149

• 8 · Inventories for sale or use

  beginning of year $87,974 · end of year $83,515

• 9 · Prepaid expenses and deferred charges

  beginning of year $71,514 · end of year $96,309

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

  $31,367,491

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

  $24,071,839

• 10c · Land, buildings and equipment, net

  beginning of year $7,632,992 · end of year $7,295,652

• 12 · Investments: other securities

  beginning of year $614,998 · end of year $361,751

• 15 · Other assets

  beginning of year $166,426 · end of year $150,724

• 17 · Accounts payable and accrued expenses

  beginning of year $629,901 · end of year $590,869

• 23 · Secured mortgages and notes payable

  beginning of year $3,278,971 · end of year $2,670,451

• 25 · Other liabilities

  beginning of year $168,313 · end of year $153,395

• 29 · Capital stock, trust principal or current funds

  beginning of year $5,122 · end of year $5,195

• 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 $6,012,433 · end of year $6,840,996

The filer's explanations (Part III)

PART I, LINE 3

THE MEMBERSHIP COMMITTEE OF CONSOLIDATED BUSINESS SERVICES LLC (CBS LLC), WHICH INCLUDES 2 BOARD MEMBERS OF BEAVER CREEK COOPERATIVE TELEPHONE COMPANY, RECEIVES 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 · 16.67% owned · share of income $2,023,231 · share of assets $400,239

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 $136,694

  Directly controlled by BEAVER CREEK COOPERATIVE TELEPHONE

• MEGAVAIL INC

  C · TELEVISION ADVERTISEMENT INSERTION · OR · 91.18% owned

  Directly controlled by TELSYSTEMS WEST INC