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Nonprofiteer
← CONSOLIDATED TELEPHONE COMPANY

Form 990 for tax year 2024

Filed by CONSOLIDATED TELEPHONE COMPANY.

Totals

Total revenue
$44,717,745
Total expenses
$44,968,745
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$43,571,364
Investment income
$217,146
Other revenue
$929,235
Total assets, end of year
$107,194,158
Total liabilities, end of year
$43,909,598
Net assets or fund balances, end of year
$63,284,560
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 $43,360,663 · related or exempt $43,360,663

  • 2b · Program service revenue: PARTNERSHIP INCOME

    total $185,000 · related or exempt $185,000

  • 2c · Program service revenue: ADVERTISING INCOME

    total $25,701 · unrelated business $25,701

  • 3 · Investment income

    total $217,146 · excluded $217,146

  • 6a · Gross rents

    real property $654,592

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $654,592

  • 6d · Net rental income or loss

    total $654,592 · related or exempt $654,592

  • 11a · Other revenue: MISCELLANEOUS

    total $274,643 · excluded $274,643

  • 11e · Other revenue, total

    $274,643

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $3,447,418

  • 5 · Compensation of officers, directors and key employees

    total $1,807,238

  • 8 · Pension plan contributions

    total $2,265,114

  • 11b · Fees: legal

    total $139,610

  • 11c · Fees: accounting

    total $74,565

  • 12 · Advertising and promotion

    total $1,281,755

  • 20 · Interest

    total $853,696

  • 22 · Depreciation, depletion and amortization

    total $8,878,090

  • 24a · Other expenses: REPAIRS & MAINTENANCE

    total $8,346,651

  • 24b · Other expenses: NONREGULATED ACTIVITY E

    total $5,595,752

  • 24c · Other expenses: CORPORATE OPERATIONS

    total $4,656,366

  • 24d · Other expenses: CUSTOMER OPERATIONS

    total $4,646,157

  • 24e · All other expenses

    total $2,976,333

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,530,392 · end of year $2,290,737

  • 2 · Savings and temporary cash investments

    beginning of year $1,031,199 · end of year $1,076,048

  • 4 · Accounts receivable

    beginning of year $8,079,733 · end of year $7,376,288

  • 7 · Other notes and loans receivable

    beginning of year $2,651,042 · end of year $2,833,334

  • 8 · Inventories for sale or use

    beginning of year $6,323,199 · end of year $4,787,297

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,495,637 · end of year $1,980,191

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

    $164,314,029

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

    $89,157,756

  • 10c · Land, buildings and equipment, net

    beginning of year $65,759,410 · end of year $75,156,273

  • 11 · Investments: publicly traded securities

    beginning of year $100,000 · end of year $100,000

  • 12 · Investments: other securities

    beginning of year $3,975,182 · end of year $3,809,214

  • 15 · Other assets

    beginning of year $8,262,938 · end of year $7,784,776

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,852,051 · end of year $4,670,428

  • 18 · Grants payable

    beginning of year $300,000 · end of year $300,000

  • 19 · Deferred revenue

    beginning of year $848,869 · end of year $2,086,196

  • 23 · Secured mortgages and notes payable

    beginning of year $28,493,420 · end of year $26,156,532

  • 25 · Other liabilities

    beginning of year $9,681,740 · end of year $10,696,442

  • 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 $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $61,032,652 · end of year $63,284,560

Mission and programs · 2024

Mission

CONSOLIDATED TELEPHONE COMPANY'S MISSION IS TO EMPOWER OUR MEMBERS, EMPLOYEES, AND COMMUNITIES THROUGH EXCEPTIONAL SERVICE AND LIFE CHANGING TECHNOLOGY SOLUTIONS FOR A SUSTAINABLE FUTURE.

Activities or mission (Part I)

PROVIDE COMMUNICATION SOLUTIONS PROVIDING PRODUCTS AND SERVICES ENHANCING OUR CUSTOMERS' LIVES.

  • THROUGH TECHNOLOGY LEADERSHIP, SMART GROWTH, AND COMMUNITY ENGAGEMENT, OUR COOPERATIVE DEMONSTRATES EXTRAORDINARY FOCUS TO POSITIVELY TRANSFORM THOSE WE SERVE, OUR 17,717 MEMBERS. CTC EMPOWERS OUR MEMBERS, EMPLOYEES AND COMMUNITIES THROUGH EXCEPTIONAL SERVICES AND LIFE CHANGING TECHNOLOGY SOLUTIONS FOR A SUSTAINABLE FUTURE.

As filed on the 2024 return.

Listed in Part VII

  • Kristi Westbrock

    CEO/GENERAL MANAGER

    Total calculated
    $680,379
    From this org
    $524,329
    From related orgs
    $0
    Other
    $156,050
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $524,329
    Bonus
    $0
    Other
    $0
    Deferred
    $124,988
    Nontaxable benefits
    $31,062
    Filer's total
    $680,379

  • Gregory Springer

    CFO

    Total calculated
    $528,604
    From this org
    $369,792
    From related orgs
    $0
    Other
    $158,812
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $369,792
    Bonus
    $0
    Other
    $0
    Deferred
    $127,510
    Nontaxable benefits
    $31,302
    Filer's total
    $528,604

  • Andrew Isackson

    CHIEF MARKETING OFFICER

    Total calculated
    $412,995
    From this org
    $276,419
    From related orgs
    $0
    Other
    $136,576
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $276,419
    Bonus
    $0
    Other
    $0
    Deferred
    $105,514
    Nontaxable benefits
    $31,062
    Filer's total
    $412,995

  • Jason Atwater

    CHEIF OPERATIONS OFFICER

    Total calculated
    $407,205
    From this org
    $273,302
    From related orgs
    $0
    Other
    $133,903
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $273,302
    Bonus
    $0
    Other
    $0
    Deferred
    $102,601
    Nontaxable benefits
    $31,302
    Filer's total
    $407,205

  • Joseph Buttweiler

    CHIEF STRATEGY OFFICER

    Total calculated
    $400,933
    From this org
    $276,211
    From related orgs
    $0
    Other
    $124,722
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $276,211
    Bonus
    $0
    Other
    $0
    Deferred
    $97,379
    Nontaxable benefits
    $27,343
    Filer's total
    $400,933

  • Lisa Heittola

    CHIEF PEOPLE OFFICER

    Total calculated
    $280,420
    From this org
    $186,933
    From related orgs
    $0
    Other
    $93,487
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $186,933
    Bonus
    $0
    Other
    $0
    Deferred
    $62,185
    Nontaxable benefits
    $31,302
    Filer's total
    $280,420

  • Ryan Rosenwald

    DIRECTOR OF SALES

    Total calculated
    $270,122
    From this org
    $179,187
    From related orgs
    $0
    Other
    $90,935
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $179,187
    Bonus
    $0
    Other
    $0
    Deferred
    $59,633
    Nontaxable benefits
    $31,302
    Filer's total
    $270,122

  • Steve Gilbert

    ENGINEERING MANAGER

    Total calculated
    $243,381
    From this org
    $158,892
    From related orgs
    $0
    Other
    $84,489
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $158,892
    Bonus
    $0
    Other
    $0
    Deferred
    $53,187
    Nontaxable benefits
    $31,302
    Filer's total
    $243,381

  • Amanda Lowe

    VICE CHAIRPERSON THRU JUNE, CHAIRPERSON

    Total calculated
    $24,300
    From this org
    $24,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Tyler Glynn

    BOARD MEMBER

    Total calculated
    $21,400
    From this org
    $21,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Nathan Thiesse

    BOARD MEMBER

    Total calculated
    $21,400
    From this org
    $21,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Michael Wetzel

    BOARD MEMBER

    Total calculated
    $20,300
    From this org
    $20,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Kirk Smith

    CHAIRPERSON THRU JUNE, VICE CHAIRPERSON

    Total calculated
    $20,050
    From this org
    $20,050
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Heather Hoskins

    BOARD MEMBER, SECRETARY BEG' JUNE

    Total calculated
    $20,050
    From this org
    $20,050
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Kathleen Kobliska

    TREASURER

    Total calculated
    $20,050
    From this org
    $20,050
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Chad Converse

    SECRETARY THRU JUNE, BOARD MEMBER

    Total calculated
    $19,850
    From this org
    $19,850
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Leland Segler

    BOARD MEMBER

    Total calculated
    $19,850
    From this org
    $19,850
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Morris Nelson

    BOARD MEMBER

    Total calculated
    $3,800
    From this org
    $3,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

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 · Compensation committee
  • 3 · Independent compensation consultant
  • 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

The filer's explanations (Part III)

PART I, LINE 1A
THE CEO AND BOARD DETERMINE WHEN A COMPANION CAN ACCOMPANY THE EMPLOYEE ON A BUSINESS TRIP.

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.

Related partnerships

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

  • ALPENGLOW TECHNOLOGIES LLC DBA XTONA

    INVESTMENT · IT SERVICES · MN · 40% owned · share of income $120,044 · share of assets $92,933

  • LAKE PARTNERS LLC

    INVESTMENT · TELEPHONE SERVICE · MN · 50% owned · share of income -$516 · share of assets $55,032

Related corporations and trusts

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

  • CONTEL SYSTEMS INC

    C · EQUIPMENT SALES & LEASE · MN · 100% owned · share of income $288,264 · share of assets $2,930,872

Provenance

Return type
form_990
Tax year
2024
Filed
22 October 2025
IRS schema version
2024v5.2
Source object
202523169349306482

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