2020-08-18T12:57:14-05:00 2019-12-31 411360831 OLSEN THIELEN & CO LTD 2675 LONG LAKE ROAD ST PAUL MN 55113 990 2019-01-01 410271520 GARDEN VALLEY TELEPHONE COMPANY GARD 2186875251 PO BOX 259 201 ROSS AVE ERSKINE MN 565350259 ALLEN PAULSON TREASURER 2186875251 2020-08-10 1 ALLISON L BOYD CPA P00535697 6514834521 50.201.188.58 2020-08-10 15:39:52 CD P C3BFCB1FF0DF81D98A4107263BFA3D6217CBE84E C3BFCB1FF0DF81D98A4107263BFA3D6217CBE84E 2019 2020-11-06 18:47:13Z TIMOTHY BRINKMAN PO BOX 259 201 ROSS AVE ERSKINE MN 565350259 36932193 0 X WWW.GVTEL.COM X 1906 MN PROVIDE COMMUNICATION SERVICES TO ITS MEMBERS ON A NON-PROFIT COOPERATIVE BASIS. 9 9 103 0 14067 6112 0 0 27781419 36750721 3259915 166077 0 7711 31041334 36924509 0 0 3111148 9711563 0 8658227 0 0 0 25583026 18554719 28694174 36924509 2347160 0 81174956 92194995 23320938 24140265 57854018 68054730 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 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 158 0 1 103 1 1 1 0 0 0 0 0 0 16944769 1432272 0 0 0 X 9 9 0 0 1 0 1 1 1 1 1 0 0 1 1 0 1 1 0 1 1 1 1 X THE ORGANIZATION 2186875251 PO BOX 259 201 ROSS AVE ERSKINE MN 565350259 JERRY T FREITAG DIRECTOR 1.00 X 7898 0 0 BYRON NESS PRESIDENT 1.00 X X 8235 0 0 ARLENE NOVAK VICE PRESIDENT 1.00 X X 8523 0 0 JAMES FERDEN SECRETARY 1.00 X X 12226 0 0 LELAND HOAAS DIRECTOR 1.00 X 9688 0 0 CASEY HOLLAND DIRECTOR 1.00 X 6808 0 0 ALLEN PAULSON TREASURER 1.00 X X 12273 0 0 LARRY DJERNES DIRECTOR 1.00 X 6655 0 0 RONALD KIESOW DIRECTOR 1.00 X 3622 0 0 TIMOTHY BRINKMAN CEO/GENERAL MANAGER 40.00 X 258213 0 81142 MARK KLINKHAMMER FINANCE MANAGER 40.00 X 157406 0 55922 SUE RASMUSSEN PERSONNEL & ADMIN MANAGER 40.00 X 114662 0 40735 STEVE OLSON OPERATIONS MANAGER 40.00 X 114560 0 45703 JON SMITH FACILITIES MANAGER 40.00 X 111912 0 45024 832681 0 268526 5 0 1 0 MP NEXLEVEL LLC 500 COUNTY RD 37 NW MAPLE LAKE MN 55358 BURIED FIBER OPTIC CABLE INSTALLATION 2859171 TRANE US INC 720 VANDALIA ST ST PAUL MN 55114 HVAC INSTALLATION 687475 CONSTRUCTION ENGINEERS INC 200 N 69TH STREET GRAND FORKS ND 58203 BUILDING CONSTRUCTION 475169 INNOVATIVE SYSTEMS 4722 HWY 71 NE WILLMAR MN 56201 SOFTWARE MAINTENANCE AND SUPPORT 302171 COOPERATIVE NETWORK SERVICES LLC PO BOX J MENAHGA MN 56464 ENGINEERING SERVICES 240752 11 TELEPHONE SERVICES 517000 36529840 36529840 PARTNERSHIP INCOME 517000 214525 214525 ADVERTISING 541800 6356 6356 36750721 166077 166077 15395 7684 7711 7711 7711 36924509 36744365 14067 166077 9711563 628611 6491919 1537697 6030 140511 398859 6479432 PLANT, MAINTENANCE & CO 4623075 ACCESS, PROGRAMMING AND 3701317 CUSTOMER 1678577 CORPORATE 1249355 277563 36924509 3165260 5451099 58917 122 532814 97691 2329835 2645950 500268 504454 92382 97328 115951192 57737125 57940481 58214067 7842706 15249341 2501580 2459432 274985 199977 5935728 7275534 81174956 92194995 1126834 1715002 19998918 20190383 2195186 2234880 23320938 24140265 X 0 0 53184155 61772057 4669863 6282673 57854018 68054730 81174956 92194995 X 0 1186462 9014250 X X 0 1 X 1 0 115204 115204 4115067 3363123 751944 30934944 20947828 9987116 80785977 33426174 47359803 58214067 NOTES RECEIVABLE 13000 MATERIALS AND SUPPLIES 500888 PREFUNDED PENSION DEPOSIT 2423756 PLANT UNDER CONSTRUCTION 4245627 OTHER ASSETS 92263 7275534 POST RETIREMENT BENEFITS 1242975 OTHER LIABILITIES 305439 ADVANCED BILLINGS 686466 2234880 X 38118655 1186462 7684 1194146 36924509 0 36924509 27220630 7684 7684 27212946 9711563 9711563 36924509 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: $7,684 PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES: $7,684 PART XII, LINE 4B - OTHER ADJUSTMENTS: ALLOCATION OF 2019 MARGINS REPORTED ON PAGE 10, PART IX, LINE 4: $9,711,563 NORTH AMERICA 0 0 SUCCESSION PLANNING MEETING 10997 0 0 0 0 0 0 10997 0 10997 0 0 0 0 0 0 PART III ACCOUNTING METHOD: X X 0 0 0 TIMOTHY BRINKMAN CEO/GENERAL MANAGER 258213 0 0 0 0 0 60930 0 20212 0 339355 0 0 0 MARK KLINKHAMMER FINANCE MANAGER 157406 0 0 0 0 0 37858 0 18064 0 213328 0 0 0 SUE RASMUSSEN PERSONNEL & ADMIN MANAGER 114662 0 0 0 0 0 27597 0 13138 0 155397 0 0 0 STEVE OLSON OPERATIONS MANAGER 114560 0 0 0 0 0 27639 0 18064 0 160263 0 0 0 JON SMITH FACILITIES MANAGER 111912 0 0 0 0 0 26960 0 18064 0 156936 0 0 0 FORM 990, PART VI, SECTION A, LINE 4 NO MEMBER SHALL BE ELIGIBLE TO BECOME A DIRECTOR IF HE OR SHE IS A BROTHER, SISTER, SON, DAUGHTER, FATHER, MOTHER, WIFE, OR HUSBAND OF AN EMPLOYEE OF THE COOPERATIVE. 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 FINANCE MANAGER 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 1,266. EXCISE TAX REFUND 14,831. RETIREMENT OF PATRONAGE CAPITAL -1,135,846. ALLOCATION OF 2019 MARGINS REPORTED ON PAGE 10, PART IX, LINE 4 9,711,563. NET UNREALIZED GAIN ON PREFUNDED PENSION DEPOSIT 422,436. 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 -338604 727775 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