2021-08-24T11:36:23-05:00 2020-12-31 411360831 OLSEN THIELEN & CO LTD 2675 LONG LAKE ROAD ST PAUL MN 55113 990 2020-01-01 410271520 GARDEN VALLEY TELEPHONE COMPANY DBA GARDEN VALLEY TECHNOLOGIES GARD 2186875251 PO BOX 259 201 ROSS AVE ERSKINE MN 565350259 ALLEN PAULSON TREASURER 2186875251 2021-08-02 1 ALLEN PAULSON XXX-XX-XXXX ALLISON L BOYD CPA P00535697 6514834521 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z TIMOTHY BRINKMAN PO BOX 259 201 ROSS AVE ERSKINE MN 565350259 38260802 0 X WWW.GVTEL.COM X 1906 MN PROVIDE COMMUNICATION SERVICES TO ITS MEMBERS ON A NON-PROFIT COOPERATIVE BASIS. 9 9 108 0 12279 5966 0 0 36750721 38082025 166077 163382 7711 7551 36924509 38252958 0 0 9711563 8964980 8658227 9802107 0 0 0 18554719 19485871 36924509 38252958 0 0 92194995 103261715 24140265 30145259 68054730 73116456 PROVIDE COMMUNICATION SERVICES TO ITS MEMBERS ON A NON-PROFIT COOPERATIVE BASIS. 0 0 GARDEN VALLEY TELEPHONE COMPANY PROVIDES COMMUNICATION SERVICES TO ITS MEMBERS ON A NON-PROFIT COOPERATIVE BASIS. 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 803 0 1 108 1 1 1 0 0 0 0 0 0 18033009 1455732 0 0 0 X 9 9 0 0 1 0 1 1 1 1 1 0 0 1 1 0 1 0 0 1 1 0 X THE ORGANIZATION 2186875251 PO BOX 259 201 ROSS AVE ERSKINE MN 565350259 JERRY T FREITAG DIRECTOR 1.00 X 6541 0 0 BYRON NESS PRESIDENT 1.00 X X 12408 0 0 ARLENE NOVAK VICE PRESIDENT 1.00 X X 12628 0 0 JAMES FERDEN SECRETARY 1.00 X X 14581 0 0 LELAND HOAAS DIRECTOR 1.00 X 12707 0 0 CASEY HOLLAND DIRECTOR 1.00 X 9783 0 0 ALLEN PAULSON TREASURER 1.00 X X 14459 0 0 LARRY DJERNES DIRECTOR 1.00 X 11705 0 0 RONALD KIESOW DIRECTOR 1.00 X 10953 0 0 JIM DEVRIES DIRECTOR 1.00 X 4745 0 0 TIMOTHY BRINKMAN CEO/GENERAL MANAGER 40.00 X 303443 0 93762 MARK KLINKHAMMER FINANCE MANAGER 40.00 X 169341 0 53822 SUE RASMUSSEN PERSONNEL & ADMIN MANAGER 40.00 X 126148 0 39700 STEVE OLSON OPERATIONS MANAGER 40.00 X 129100 0 45465 JON SMITH FACILITIES MANAGER 40.00 X 134070 0 46621 BRIAN GRUNHOVD NETWORK & TECHNOLOGY MANAGER 40.00 X 113046 0 43073 JASON BRECKEL NETWORK TECHNICIAN 40.00 X 107355 0 30502 1193013 0 352945 13 0 1 0 MP NEXLEVEL LLC 500 COUNTY RD 37 NW MAPLE LAKE MN 55358 BURIED FIBER OPTIC CABLE INSTALLATION 11275802 CONSTRUCTION ENGINEERS INC 200 N 69TH STREET GRAND FORKS ND 58203 BUILDING CONSTRUCTION 2873380 COOPERATIVE NETWORK SERVICES LLC PO BOX J MENAHGA MN 56464 ENGINEERING SERVICES 1239239 INNOVATIVE SYSTEMS 4722 HWY 71 NE WILLMAR MN 56201 SOFTWARE MAINTENANCE AND SUPPORT 323954 JCS INC 646 1ST ST E SHEVLIN MN 56676 INTERNET/VIDEO INSTALLATIONS 251210 11 TELEPHONE SERVICES 517000 37747823 37747823 PARTNERSHIP INCOME 517000 329474 329474 ADVERTISING 541800 4728 4728 38082025 163382 163382 15395 7844 7551 7551 7551 38252958 38077297 12279 163382 8964980 730878 7429329 1641900 45082 139634 402989 6478074 PLANT, MAINTENANCE & CO 5041069 ACCESS, PROGRAMMING AND 4192097 CUSTOMER 1785709 CORPORATE 1270757 130460 38252958 5451099 7809815 122 100 97691 34875 2645950 2503982 504454 739289 97328 47257 135596121 63575916 58214067 72020205 15249341 5777089 2459432 2768050 199977 128095 7275534 11432958 92194995 103261715 1715002 2194620 20190383 25532150 2234880 2418489 24140265 30145259 X 0 0 61772057 66155628 6282673 6960828 68054730 73116456 92194995 103261715 X 0 615507 4446219 X X 0 1 X 1 0 233901 233901 9202013 3567281 5634732 33520854 22921598 10599256 92639353 37087037 55552316 72020205 NOTES RECEIVABLE 13000 MATERIALS AND SUPPLIES 451177 PREFUNDED PENSION DEPOSIT 2207614 PLANT UNDER CONSTRUCTION 8761167 11432958 POST RETIREMENT BENEFITS 1306857 OTHER LIABILITIES 338618 ADVANCED BILLINGS 773014 2418489 X 38876309 615507 7844 623351 38252958 0 38252958 29295822 7844 7844 29287978 8964980 8964980 38252958 PART X, LINE 2: ASC 740 DISCLOSURE FROM AUDITED FINANCIAL STATEMENTS: THE COMPANY REVIEWS INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN INCOME TAX RETURNS TO DETERMINE IF THERE ARE ANY INCOME TAX UNCERTAINTIES. THIS INCLUDES POSITIONS THAT THE ENTITY IS EXEMPT FROM INCOME TAXES OR NOT SUBJECT TO INCOME TAXES ON UNRELATED BUSINESS INCOME. THE COMPANY RECOGNIZES TAX BENEFITS FROM UNCERTAIN TAX POSITIONS ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITIONS WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITIONS. THE COMPANY HAS IDENTIFIED NO SIGNIFICANT INCOME TAX UNCERTAINTIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES: $7,844 PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES: $7,844 PART XII, LINE 4B - OTHER ADJUSTMENTS: ALLOCATION OF 2020 MARGINS REPORTED ON PAGE 10, PART IX, LINE 4: $8,964,980 X X 0 0 0 TIMOTHY BRINKMAN CEO/GENERAL MANAGER 303443 0 0 0 0 0 71788 0 21974 0 397205 0 0 0 MARK KLINKHAMMER FINANCE MANAGER 169341 0 0 0 0 0 34207 0 19615 0 223163 0 0 0 JON SMITH FACILITIES MANAGER 134070 0 0 0 0 0 27006 0 19615 0 180691 0 0 0 STEVE OLSON OPERATIONS MANAGER 129100 0 0 0 0 0 25850 0 19615 0 174565 0 0 0 SUE RASMUSSEN PERSONNEL & ADMIN MANAGER 126148 0 0 0 0 0 25440 0 14260 0 165848 0 0 0 BRIAN GRUNHOVD NETWORK & TECHNOLOGY MANAGER 113046 0 0 0 0 0 23458 0 19615 0 156119 0 0 0 FORM 990, PART VI, SECTION A, LINE 4 DIRECTOR DISTRICTS REARRANGED AS FOLLOWS: DISTRICT 8 WILL BE A NEW SEAT FOR MEMBERS RESIDING IN GVT'S COMPETITIVE NON-ILEC AREAS, OR CLEC. ORIGINAL DISTRICT 8 EXCHANGE PLUMMER WILL BECOME PART OF DISTRICT 3, OKLEE EXCHANGE PART OF DISTRICT 4, AND GULLY EXCHANGE PART OF DISTRICT 9. FORM 990, PART VI, SECTION A, LINE 6 THE COOPERATIVE IS MEMBER-OWNED, AND EACH MEMBER HAS AN EQUAL VOTING RIGHT TO ELECT THE BOARD OF DIRECTORS AND APPROVE CHANGES TO THE COOPERATIVE'S BY-LAWS. FORM 990, PART VI, SECTION A, LINE 7A THE COOPERATIVE IS MEMBER-OWNED AND EACH MEMBER HAS AN EQUAL VOTING RIGHT TO ELECT THE BOARD OF DIRECTORS AND APPROVE CHANGES TO THE COOPERATIVE'S BY-LAWS. FORM 990, PART VI, SECTION A, LINE 7B ANY CHANGES IN BY-LAWS ARE SUBJECT TO APPROVAL BY MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE CHIEF FINANCIAL OFFICER REVIEWS THE RETURN IN DETAIL BEFORE IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE COMPANY'S BYLAWS REQUIRE DIRECTORS TO DISCLOSE TO THE BOARD ANY CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 ANNUALLY, COMPENSATION LEVELS ARE REVIEWED, COMPARED WITH THE COMPENSATION LEVELS OF SIMILAR ORGANIZATIONS, AND ADJUSTED ACCORDINGLY. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE GIVEN TO ALL MEMBERS ATTENDING THE COMPANY'S ANNUAL MEETING. ALL GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: NET UNREALIZED GAIN ON POST RETIREMENT BENEFITS -68,499. EXCISE TAX REFUND 35,894. RETIREMENT OF PATRONAGE CAPITAL -4,607,474. ALLOCATION OF 2020 MARGINS REPORTED ON PAGE 10, PART IX, LINE 4 8,964,980. NET UNREALIZED GAIN ON PREFUNDED PENSION DEPOSIT 121,318. FORM 990, PART XII, LINE 2C THE BOARD HAS ASSUMED RESPONSIBILITY FOR SELECTION OF THE INDEPENDENT AUDITORS AND OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS. GARDEN VALLEY INNOVATIONS LLC 201 ROSS AVENUE ERSKINE MN 56535 814324437 PROVIDES IT SUPPORT AND RELATED SERVICES MN -177037 183518 GARDEN VALLEY TELEPHONE COMPANY GARDEN VALLEY EDUCATION FOUNDATION 201 ROSS AVENUE ERSKINE MN 56535 411682056 COMMUNITY SUPPORT THROUGH TECHNOLOGY GRANTS TO AREA PUBLIC SCHOOL DISTRICTS MN 501(C)(3) PF N/A 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 ALL AMOUNTS UNDER REPORTING THRESHOLD