MID Century Telephone Co-Operative

“Mid century telephone co-operative paid comtech solutions, llc $290,202 for management services during 2023. Comtech provided the officer position of the ceo, james broemmer. A portion of the salaries paid by comtech to james is for the services provided to mid century telephone co-operative. The exact amount of the compensation paid for services rendered to mid century telephone co-operative is indeterminable, as he also provided services to other organizations for comtech.”

“There were multiple changes made to the bylaws in september 2023: 1. Members are required to be 18 years of age or older. 2. Each member shall, as soon as service is available, take at least one form of eligible communication services from the cooperative to be used at a precise within the cooperative's established service area. 3. There is no classes of members in the cooperative. 4. The board is managers by 7 directors that serve for three year terms. Directors shall be elected with due regard to the geographical representation of each area served by the cooperative, by having one (1) director from each district. 5. Committees can be appointed by the board without bylaw provisions. 6. Employee compensation shall be based upon recommendation of the ceo. 7. The cooperative may not sell, lease, or otherwise dispose of or encumber all or any substantial portions, in excess of 10%, of its total assets unless authorized.”

“Any person who is eighteen (18) years of age or older, association, limited liability company, limited liability partnership, corporation, trust, or body politic or subdivision thereof may become a member of mid century telephone cooperative (hereinafter called the cooperative) upon receipt of communication services from the cooperative, at a precise within its established service area, provided that they or it has first: a) made a written application for membership within: b) agreed to purchase communication services from the cooperative in accordance with established assessments and as hereinafter specified; c) agreed to comply with and be bound by the articles of incorporation and bylaws of the cooperative and any rules and regulations adopted by the board of directors (hereinafter called the "board"); and d) paid in security deposits and service connection fees as required by cooperative policies.”

“The cooperative has members which elect the board of directors at the annual meeting, or at a special meeting held for that purpose within a reasonable time thereafter.”

“Per the by-laws of the cooperative there are certain transactions which many require a member vote.”

“An independent accounting firm prepares the 990. The 990 is then reviewed by the management of the organization. Any questions or concerns management has addressed, and any corrections or clarifications are made. The final 990 is provided to the board prior to filing.”

“The cooperative has a conflict of interest policy which requires annual disclosure of potential conflicts. Potential conflicts are addressed at both the board and management levels. Board members with a potential conflict of interest are excluded from voting on that matter.”

“The governing documents, conflict of interest policy and financial statements are available upon request.”

“Patronage allocated to members 2,271,427. Patronage credits paid -23,614.”

“The instructions to the form 990 indicate that organizations exempt under section 501(c)(12) should report patronage dividends paid to their members in part ix, line 4 of the form 990. Mid century telephone co-operative has interpreted the words "patronage dividends paid" in the instructions to mean margins that are assigned or assignable to the members. Mid century telephone co-operative assigns the net operating margins to its members each year. Therefore, the amount listed in part ix, line 4 represents the net operating margins assignable to the members for the calendar year ended december 31, 2023.”