2023-07-11T17:45:04-05:00 2022-12-31 930623286 ALDRICH CPAS AND ADVISORS LLP 5665 SW MEADOWS RD 200 LAKE OSWEGO OR 97035 990 2022-01-01 930368760 BEAVER CREEK COOPERATIVE TELEPHONE COMPANY BEAV 5036323113 PO BOX 1189 MT ANGEL OR 97362 PAUL E HAUER PRESIDENT 5036323113 2023-06-26 1 PAUL HAUER XXX-XX-XXXX 1 KRISTIN GULICK P01083355 5036204489 2023-06-26 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z PAUL E HAUER PO BOX 1189 MT ANGEL OR 97362 6953490 0 X WWW.BCTELCO.COM X 1904 OR TO PROVIDE RELIABLE AND VALUED COMMUNICATIONS THROUGH PARTNERSHIPS, TOGETHER WITH OUR COMMUNITY. 5 5 0 0 0 0 0 0 7907905 6859720 46941 -15420 64282 75478 8019128 6919778 8663 10631 0 0 130527 25125 0 0 0 7512894 6589877 7652084 6625633 367044 294145 10445522 10040095 5441034 4711520 5004488 5328575 X TO ENGAGE ON A COOPERATIVE BASIS IN COMMUNICATIONS AND INFORMATION SERVICES AND IN THE PROVISION OF ANY AND ALL OTHER KINDS OF COMMUNICATIONS SERVICES AND OTHER SERVICES WHICH UTILIZE COMMUNICATIONS FACILITIES WITHIN THE TERRITORY CONTIGUOUS TO BEAVERCREEK, OREGON, AND SUCH OTHER TERRITORIES AS THE COOPERATIVE CONSIDERS PRACTICAL. 0 0 TO PROVIDE TELECOMMUNICATIONS SERVICES TO COOPERATIVE MEMBERS. AT DECEMBER 31, 2022 THERE WERE 1,686 ACCESS LINES. 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 23 0 0 1 0 0 0 0 0 0 0 3724210 202155 0 0 0 X 5 5 0 1 0 0 1 1 1 1 0 0 0 0 1 0 1 1 0 1 1 0 X PAUL HAUER PRESIDENT 5038454434 PO BOX 1189 MT ANGEL OR 97362 WILLIAM MERCHANT CHAIRMAN 1.00 X X 6500 0 0 MATT CARLSON VICE-CHAIRMAN 1.00 X X 5400 0 0 GARY EMMONS SECRETARY/TREASURER 1.00 X X 5325 0 0 KERRY LAWSON DIRECTOR 1.00 X 4700 0 0 TOM TEWALT DIRECTOR 1.00 X 3200 0 0 PAUL HAUER PRESIDENT 17.00 X 0 277687 50659 JANET BAILEY CHIEF MEMBER SERVICES OFFICER 11.00 X 0 190491 36115 DONALD RICKMAN VP/CFO 5.00 X 0 232848 48357 DERRICK MOTTERN CHIEF OPERATIONS OFFICER 2.00 X 0 221757 48356 ERIC KEHLER PLANT OPERATIONS MANAGER (CBS) 10.00 X 0 144225 38151 BRIAN STRUNK DIRECTOR OF MARKETING (CBS) 3.00 X 0 110886 34063 CHRISSY KARAKEY SENIOR ACCOUNTANT (CBS) 4.58 X 0 107565 13439 25125 1285459 269140 0 0 1 0 CONSOLIDATED BUSINESS SERVICES LLC PO BOX 1189 MT ANGEL OR 97362 ACCOUNTING/MANAGEMENT/REGULATORY 2640458 MOSS ADAMS LLP 805 SW BROADWAY PORTLAND OR 97205 CONSULTING 115129 2 TELECOMMUNICATIONS 517000 6859720 6859720 6859720 9681 9681 75478 0 75478 75478 75478 8611 33712 -25101 -25101 -25101 6919778 6859720 0 60058 X 298 10333 25125 204475 848300 INTERNET 1761970 PLANT SPECIFIC 1192773 CORPORATE 1031276 PLANT NON-SPECIFIC 742796 808287 6625633 23576 242187 704361 473824 100885 88954 42894 29711 30901665 22754244 8684711 8147421 889095 885441 0 172557 10445522 10040095 1086534 726184 4324000 3800000 30500 185336 5441034 4711520 X 4965 5042 0 0 4999523 5323533 5004488 5328575 10445522 10040095 X 294145 29942 X 0 1 X 1 0 92103 92103 3966515 3249233 717282 26799720 19505011 7294709 43327 43327 8147421 INVESTMENTS IN NONAFFILIATES 757540 C INVESTMENTS IN SUBSIDIARY 127901 C 885441 CUSTOMER DEPOSITS 5363 POST RETIREMENT BENEFITS 13900 ROU LIABILITIES 166073 185336 X 6952913 33135 33135 6919778 0 6919778 6628903 3270 3270 6625633 0 6625633 PART X, LINE 2: THE COMPANY FOLLOWS ACCOUNTING STANDARDS GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA RELATED TO THE RECOGNITION OF UNCERTAIN TAX POSITIONS. THE COMPANY RECOGNIZES ACCRUED INTEREST AND PENALTIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS AS PART OF THE INCOME TAX PROVISION, WHEN APPLICABLE. THERE WERE NO AMOUNTS ACCRUED IN THE CONSOLIDATED FINANCIAL STATEMENTS RELATED TO UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: DISSOLUTION OF PARTNERSHIP INTEREST PART XII, LINE 2D - OTHER ADJUSTMENTS: EQUITY LOSS IN SUBSIDIARY 1 SCHOLARSHIPS 6 10333 SCHEDULE I PART 1 QUESTION 2 BEAVER CREEK COOPERATIVE TELEPHONE COMPANY MAINTAINS A SCHOLARSHIP FUND FOR THE BENEFIT OF ITS MEMBERS AND FAMILIES. THE PURPOSE OF THE FUND IS TO RECOGNIZE AND PROVIDE FINANCIAL ASSISTANCE TO STUDENTS PURSUING EDUCATION IN ANY DEGREE AT AN ACCREDITED FOUR YEAR COLLEGE, CLACKAMAS COMMUNITY COLLEGE, A COMMUNITY COLLEGE, OR A TRADE/TECHNICAL SCHOOL. THIS SCHOLARSHIP FUND IS SUBJECT TO THE FOLLOWING RULES AND REGULATIONS. 1. TO BE ELIGIBLE THE CANDIDATE MUST BE A BEAVER CREEK COOPERATIVE MEMBER OR AN IMMEDIATE FAMILY MEMBER LEGALLY RESIDING IN THE MEMBER HOUSEHOLD ON THE DATE OF THE INITIAL AWARD OF SCHOLARSHIP. 2. IF CANDIDATES ARE ATTENDING HIGH SCHOOL, THEY MUST HAVE A CUMULATIVE 3.0 ("B) AVERAGE OR HIGHER. 3. AFTER INITIAL AWARD, WHILE ATTENDING COLLEGE, A MINIMUM AVERAGE OF 2.5 ("C+) MUST BE MAINTAINED WHILE CARRYING A FULL SCHEDULE (12 HOURS) TO REMAIN ELIGIBLE FOR FUTURE DISBURSEMENTS. 4. THE RECIPIENT MUST ATTEND A COLLEGE CERTIFIED BY THE NORTHWEST ACCREDITATION ASSOCIATION OR RECOGNIZED BY THE NATIONAL ASSOCIATION OF TRADE AND TECHNICAL SCHOOLS. 5. APPLICATION MUST BE ON THE OFFICIAL BEAVER CREEK APPLICATION FORM AND RECEIVED BY THE COMPANY BY THE DUE DATE DETERMINED ANNUALLY. 6. SELECTION SHALL BE MADE BY A COMMITTEE APPOINTED BY THE COMPANY BOARD OF DIRECTORS. APPLICATIONS SHALL BE MODIFIED TO REMOVE NAMES SO A "BLIND SELECTION PROCESS CAN BE MADE WITHOUT INFLUENCE OF CANDIDATE NAMES. 7. AWARDS ARE PAYABLE IN EQUAL QUARTERLY OR SEMESTER INCREMENTS AS DETERMINED BY THE STUDENT'S PLAN OF STUDY. 8. PAYMENT OF THE CURRENT PORTION OF THE SCHOLARSHIP MAY BE MADE DIRECTLY TO THE COLLEGE UPON SUBMISSION OF VERIFIED REGISTRATION AT AN APPROVED SCHOOL AND RECEIPT OF A COPY OF A TRANSCRIPT, IF A RETURNING STUDENT. TERMINATION OF THE STUDENT'S SCHOOL PROGRAM WILL RESULT IN THE CANCELLATION OF THE AWARD AND ANY REMAINING FUNDS WILL NOT BE DISBURSED. 0 0 0 PAUL HAUER PRESIDENT 0 261663 0 10000 0 6024 0 33210 0 17449 0 328346 0 0 DONALD RICKMAN VP/CFO 0 214758 0 10800 0 7290 0 27787 0 20570 0 281205 0 0 DERRICK MOTTERN CHIEF OPERATIONS OFFICER 0 210317 0 10750 0 690 0 26826 0 21530 0 270113 0 0 JANET BAILEY CHIEF MEMBER SERVICES OFFICER 0 173018 0 9550 0 7923 0 22186 0 13929 0 226606 0 0 ERIC KEHLER PLANT OPERATIONS MANAGER (CBS) 0 138275 0 5500 0 450 0 17821 0 20330 0 182376 0 0 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. FORM 990, PART VI, SECTION A, LINE 3 EFFECTIVE JANUARY 1, 2021 ALL MANAGEMENT OF THE COMPANY IS CONDUCTED BY CONSOLIDATED BUSINESS SERVICES, LLC; THE COMPANY NO LONGER HAS EMPLOYEES. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION OPERATES AS A TELEPHONE COOPERATIVE CONSISTING OF MEMBERS. TO BE ELIGIBLE FOR MEMBERSHIP A PERSON MUST: (I) RECEIVE RETAIL COMMUNICATION SERVICE FROM THE COOPERATIVE, AS SUCH PHRASE IS DEFINED FROM TIME TO TIME BY THE BOARD; (II) RESIDE IN THE COOPERATIVE'S SERVICE AREA, AS DETERMINED FROM TIME TO TIME BY THE BOARD; (III) PROVIDE A CONTINUING OR PERIODIC COMMUNICATION REVENUE STREAM FOR THE COOPERATIVE. ANY TWO PERSONS WHO OCCUPY THE SAME HOUSEHOLD, MAY APPLY FOR A JOINT MEMBERHSIP AND, SUBJECT TO THEIR COMPLIANCE WITH THE REQUIREMENTS SET FORTH (AS DESCRIBED ABOVE) MAY BE ACCEPTED FOR SUCH MEMBERSHIP UPON APPLICATION BY BOTH PARTIES. ANY PROVISIONS RELATING TO THE RIGHTS AND LIABILITIES OF MEMBERSHIP SHALL APPLY EQUALLY WITH RESPECT TO THE HOLDERS OF A JOINT MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE GOVERNING BODY ARE ELECTED BY VOTE. NO MEMBER MAY HOLD MORE THAN ONE MEMBERSHIP IN THE COOPERATIVE. EACH MEMBER SHALL BE ENTITLED TO ONE VOTE. THE BOARD OF DIRECTORS MAY CAUSE TO BE SUBMITTED BY MAIL BALLOT ANY QUESTIONS TO BE VOTED AT ANY MEETING OF THE MEMBERS INCLUDING THE ELECTION OF DIRECTORS. THE BALLOT MAY BE CAST ONLY IN A SEALED ENVELOPE WHICH IS AUTHENTICATED BY THE MEMBER'S SIGNATURE. A VOTE SO CAST SHALL BE COUNTED AS IF THE MEMBER WERE PRESENT AND VOTING IN PERSON. AN ELECTION COMMITTEE OF NOT LESS THAN THREE (3) PERSONS SHALL BE APPOINTED BY THE BOARD OF DIRECTORS SUFFICIENTLY IN ADVANCE OF THE MEETING, TO ENSURE VALIDATION OF THE MAILED BALLOTS. IN THE EXERCISE OF ITS RESPONSIBILITY, THE ELECTION COMMITTEE SHALL HAVE AVAILABLE TO IT THE ADVICE OF COUNSEL PROVIDED BY THE COOPERATIVE. THE ELECTION COMMITTEE'S DECISIONS SHALL BE FINAL. FORM 990, PART VI, SECTION A, LINE 7B THESE BYLAWS MAY BE AMENDED OR REPEALED BY VOTE OF A MAJORITY OF THE MEMBERS PRESENT, OR, WHEN AUTHORIZED, VOTING BY MAIL AS WELL AS IN PERSON, AT ANY REGULAR OR SPECIAL MEETING OF THE MEMBERS, PROVIDED THAT NOTICE OF THE MEETING SHALL HAVE CONTAINED A NOTICE OF THE PROPOSED AMENDMENT OR REPEAL. HOWEVER, THE PROVISIONS RELATING TO THE VOTE REQUIRED FOR SALE OR LEASE OF SUBSTANTIALLY ALL OR PART OF THE PROPERTY OF THE COOPERATIVE OTHER THAN IN THE REGULAR COURSE OF BUSINESS SHALL NOT BE AMENDED OR REPEALED EXCEPT BY THE AFFIRMATIVE VOTE OF NOT LESS THAN TWO-THIRDS OF ALL THE MEMBERS OF THE COOPERATIVE AT ANY ANNUAL OR SPECIAL MEETING. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B DOCUMENTATION FOR THE 990 IS PROVIDED TO OUR TAX PREPARER, ALDRICH CPAS + ADVISORS BY CONSOLIDATED BUSINESS SERVICES. PRESIDENT / CEO HAS THE OPPORTUNITY TO REVIEW PREPARED DOCUMENT PRIOR TO SIGNING. FORM 990, PART VI, SECTION B, LINE 12C EMPLOYEES HAVE AN OBLIGATION TO CONDUCT BUSINESS WITHIN GUIDELINES THAT PROHIBIT ACTUAL OR POTENTIAL CONFLICTS OF INTEREST. EMPLOYEES ARE TO CONTACT THEIR MANAGER FOR MORE INFORMATION OR QUESTIONS ABOUT CONFLICTS OF INTEREST. NO "PRESUMPTION OF GUILT" IS CREATED BY THE MERE EXISTENCE OF A RELATIONSHIP WITH OUTSIDE FIRMS. HOWEVER, IF EMPLOYEES HAVE ANY INFLUENCE ON TRANSACTIONS INVOLVING PURCHASES, CONTRACTS, OR LEASES, IT IS IMPERATIVE THAT THEY DISCLOSE TO THE PRESIDENT OF BCT AS SOON AS POSSIBLE THE EXISTENCE OF ANY ACTUAL OR POTENTIAL CONFLICT OF INTEREST SO THAT SAFEGUARDS CAN BE ESTABLISHED TO PROTECT ALL PARTIES. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF KEY EMPLOYEES AND TOP MANAGEMENT IS DETERMINED THROUGH COMPARABILITY DATA INCLUDING INDEPENDENT SALARY SURVEYS, HOWEVER ALL BCT EMPLOYEES WERE TRANSFERRED TO CBS EFFECTIVE 1/1/21. COMPENSATION OF THE CEO IS PART OF A MANAGEMENT SERVICES AGREEMENT WITH CONSOLIDATED BUSINESS SERVICES, LLC. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 24E CUSTOMER 291,930. CATV 264,507. PROPERTY TAXES 88,265. CLEC EXPENSE 46,158. NON-REGULATED EXPENSES 44,474. LONG DISTANCE 40,101. WIRELESS 31,294. AMORTIZATION 1,558. FORM 990, PART XI, LINE 9: NET INCREASE/(DECREASE) IN MEMBERSHIP 77. EQUITY GAIN/(LOSS) IN SUBSIDIARY -3,270. BOOK/TAX DIFFERENCE ON DISSOLUTION OF PARTNERSHIP INTEREST 33,135. CONSOLIDATED BUSINESS SERVICES LLC PO BOX 1189 MT ANGEL OR 97362 460797674 MANAGEMENT SERVICES OR RELATED 2392289 580458 0 0 0.22220 TELSYSTEMS WEST INC 15223 S HENRICI RD OREGON CITY OR 97045 930844023 TELECOMMUNICATIONS INVESTMENTS OR BEAVER CREEK COOPERATIVE TELEPHONE C 606321 1.00000 0 MEGAVAIL INC 15223 S HENRICI RD OREGON CITY OR 97045 931256459 TELEVISION ADVERTISEMENT INSERTION OR TELSYSTEMS WEST INC C 48526 0.91180 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 1 0 0 CONSOLIDATED BUSINESS SERVICES M 2640459 FAIR MARKET VALUE