2018-11-05T15:42:01-06:00 2017-12-31 930623286 ALDRICH CPAS AND ADVISORS LLP 680 HAWTHORNE AVE SE 140 SALEM OR 97301 990 2017-01-01 930143500 COLTON TELEPHONE COMPANY COLT 5038243211 PO BOX 68 COLTON OR 97017 GERI FRAIJO GENERAL MANAGER 5038243211 2018-10-26 1 RYAN M JOHNSON CPA P01048788 5035857774 2018-10-25 69.30.50.66 2018-10-26 08:42:26 PD P 308CA95470D380C617AE66EF50A015A2836EF6A8 F9E94CCE6397C50E435D1938C19F4177775931D7 2017 2018-06-14 16:35:46Z GERI FRAIJO PO BOX 68 COLTON OR 97017 3268622 0 X WWW.COLTON.COM X 1930 OR TO BE A COMMUNITY-MINDED, QUALITY-FOCUSED, SERVICE-CENTERED, AND VALUE-DRIVEN TELECOMMUNICATIONS PROVIDER. 7 7 7 0 0 -150 0 0 3115860 3297926 1434 1187 -38115 -30491 3079179 3268622 0 0 0 209225 182256 0 0 0 0 2622500 2778544 2804756 2987769 274423 280853 12281468 11369184 8373628 7352939 3907840 4016245 TO BE A COMMUNITY-MINDED, QUALITY-FOCUSED, SERVICE-CENTERED, AND VALUE-DRIVEN TELECOMMUNICATIONS PROVIDER. 0 0 PROVIDE TELECOMMUNICATIONS SERVICE TO COOPERATIVE MEMBERS. AT DECEMBER 31, 2017, 885 LINES WERE IN SERVICE. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 28 0 7 1 0 0 0 0 0 0 0 1151425 1187 0 X 7 7 1 1 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 0 0 1 0 X GERI FRAIJO 5038243211 20983 S HWY 211 COLTON OR 97017 X JEREMY FRAIJO SECRETARY 1.00 X X 0 0 0 PETE DOSTERT PRESIDENT 1.00 X X 0 0 0 DAVID WALES VICE SECRETARY 1.00 X X 0 0 0 DENNIS CORWIN VICE PRESIDENT 1.00 X X 0 0 0 KELLY STEPHENS DIRECTOR 1.00 X 0 0 0 DON HEMSTREET DIRECTOR 1.00 X 0 0 0 GRANT STANBRO DIRECTOR 1.00 X 0 0 0 GERI FRAIJO GENERAL MANAGER 20.00 X 0 0 0 0 0 0 0 0 0 0 MATTON UTILITY 20219 S SPRAGUE RD OREGON CITY OR 97045 UTILITIES CONTRACTOR - FIBER TO THE HOME 330043 1 517000 3297926 3297926 3297926 1187 1187 OTHER INCOME-OCG 517000 -30491 -30491 -30491 3268622 3267435 0 1187 209225 180202 622683 CORPORATE 623721 PLANT SPECIFIC 599684 MISCELLANEOUS 377778 CABLE TV EXPENSES 284709 89767 2987769 1342516 1039306 740398 924563 21050 27127 444360 468896 17236373 8563146 9216588 8673227 516556 236065 12281468 11369184 542624 117387 7072588 6184438 758416 1051114 8373628 7352939 X 0 0 0 0 3907840 4016245 3907840 4016245 12281468 11369184 X 280853 62225 -234673 X 0 1 X 1 0 307948 307948 707558 574571 132987 16217396 7988575 8228821 3471 3471 8673227 CUSTOMER DEPOSITS 1431 OTHER LIABILITIES 98038 PATRONAGE CAPITAL PAYABLE 222447 WILLAMETTE COMMUNICATIONS PAYABLE 729198 1051114 X 3323602 62225 62225 3261377 7245 7245 3268622 3021299 250000 250000 2771299 216470 216470 2987769 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 ARE NO AMOUNTS ACCRUED IN THE FINANCIAL STATEMENTS RELATED TO UNCERTAIN TAX POSITIONS. PART XI, LINE 4B - OTHER ADJUSTMENTS: REVENUE NETTED WITH EXPENSES PART XII, LINE 2D - OTHER ADJUSTMENTS: IMPAIRMENT LOSS PART XII, LINE 4B - OTHER ADJUSTMENTS: REVENUE NETTED WITH EXPENSES PAYMENT OF CAPITAL CREDITS FORM 990, PART VI, SECTION A, LINE 2 THE SECRETARY OF THE BOARD OF DIRECTORS, JEREMY FRAIJO, IS THE SON OF THE GENERAL MANAGER, GERI FRAIJO. FORM 990, PART VI, SECTION A, LINE 3 MONITOR TELEPHONE COOPERATIVE (UNDER A MANAGEMENT CONTRACT WITH COLTON TELEPHONE COMPANY) PROVIDES GENERAL MANAGEMENT SERVICES TO COLTON TELEPHONE COMPANY AS FOLLOWS: PERFORM DUTIES OF THE GENERAL MANAGER. FORM 990, PART VI, SECTION A, LINE 6 COLTON TELEPHONE IS A COOPERATIVE COMPANY WITH PATRONS WHO ARE ENTITLED TO RECEIVE PATRONAGE CAPITAL CREDITS FOR INCOME GENERATED BY COMPANY OPERATIONS IN EXCESS OF COSTS. FORM 990, PART VI, SECTION A, LINE 7A THE COOPERATIVE PATRONS ARE RESPONSIBLE FOR THE ELECTION OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B A CHANGE IN COMPANY BYLAWS, INITIATED BY THE BOARD OF DIRECTORS, MUST BE APPROVED BY THE PATRONS THROUGH A VOTING PROCESS. FORM 990, PART VI, SECTION B, LINE 11B THE GENERAL MANAGER TAKES RESPONSIBILITY FOR THE ACCURACY OF THE INFORMATION PRESENTED ON THE 990. FORM 990, PART VI, SECTION B, LINE 12C THE SEVEN MEMBERS OF THE BOARD OF DIRECTORS ARE REQUIRED TO DECLARE ANY POTENTIAL CONFLICTS OF INTEREST MONTHLY AT THE REGULAR SCHEDULED MEETINGS. THE DIRECTORS, EXCLUDING THE MEMBER DECLARING THE CONFLICT, DETERMINE WHETHER A CONFLICT EXISTS AND THE EXTENT OF THE CONFLICT. RESTRICTIONS RESULTING FROM A DECLARED CONFLICT MAY RESULT IN THE AFFECTED DIRECTOR ABSTAINING FROM THE VOTING PROCESS FOR ANY DECISION/RESOLUTION MADE BY THE BOARD ON THE CONFLICTING ISSUE. FORM 990, PART VI, SECTION C, LINE 19 THE COMPANY MAINTAINS A WRITTEN REQUEST FORM THAT IS COMPLETED BY ANY COOPERATIVE MEMBER WHO WISHES TO REVIEW THE BOARD MINUTES OR FINANCIAL STATEMENTS. THESE ITEMS ARE AVAILABLE FOR REVIEW AT THE COMPANY OFFICE WITHIN A REASONABLE AMOUNT OF TIME AFTER THE FORM IS SUBMITTED. ANY REQUEST BY A NON-MEMBER OF THE COOPERATIVE IS REVIEWED BY THE GENERAL MANAGER AND/OR BOARD OF DIRECTORS. THE REQUESTED INFORMATION IS AVAILABLE FOR REVIEW IN THE COMPANY OFFICE DURING NORMAL BUSINESS HOURS. FORM 990, PART XI, LINE 9: RECLAIMED PATRONAGE CAPITAL 13,540. EXCISE TAX REFUNDS 1,787. IMPAIRMENT LOSS -250,000. WILLAMETTE COMMUNICATIONS INC PO BOX 68 COLTON OR 97017 611735896 TELECOMMUNICATIONS OR COLTON TELEPHONE COMPANY C 830202 1.00000 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 WILLAMETTE COMMUNICATIONS INC J 690635 FAIR MARKET VALUE WILLAMETTE COMMUNICATIONS INC K 729198 FAIR MARKET VALUE