Civic Intelligence

Grand Mound Cooperative Telephone

EIN 42-0652325 • 501(c)12 • Grand Mound, IA

Profile

To provide the telecommunications needs of our cooperative members with leading edge technology, services and value.

705 Clinton StreetGrand Mound, IA 52751

www.gmtel.net

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

31st percentile

0.13x

Higher debt load relative to assets than 31% of similar nonprofits.

501(c)12 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

30th percentile

0.34x

Higher debt load relative to revenue than 30% of similar nonprofits.

501(c)12 • $5M-$10M nonprofits • Source year 2024

Net Margin

23rd percentile

-0.6%

Higher net margin than 23% of similar nonprofits.

501(c)12 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

83rd percentile

$106,115

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 3.8% of source-year revenue.

501(c)12 • $5M-$10M nonprofits • Source year 2024

Asset Growth

68th percentile

7.0%

Faster asset growth than 68% of similar nonprofits.

501(c)12 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

45th percentile

5.0%

Faster revenue growth than 45% of similar nonprofits.

501(c)12 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets31st percentile

Assets

Up

$7,466,256

Up $490,158 (+7.0%) from 2023

Liabilities

Down

$946,803

Down $90,789 (-8.7%) from 2023

Net Assets

Up

$6,519,453

Up $580,947 (+9.8%) from 2023

Operations
Liabilities / Revenue30th percentileNet Margin23rd percentile

Revenue

Up

$2,758,745

Up $130,586 (+5.0%) from 2023

Expenses

Up

$2,774,911

Up $535,307 (+24%) from 2023

Net Income

Down

-$16,166

Down $404,721 (-104%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth68th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$8.0M$6.0M$4.0M$2.0M$0Assets 2017: $3,544,781Liabilities 2017: $849,656Net Assets 2017: $2,695,1252017Assets 2018: $4,383,051Liabilities 2018: $1,540,281Net Assets 2018: $2,842,7702018Assets 2019: $4,493,938Liabilities 2019: $1,324,012Net Assets 2019: $3,169,9262019Assets 2020: $5,664,781Liabilities 2020: $1,259,177Net Assets 2020: $4,405,6042020Assets 2021: $6,056,260Liabilities 2021: $1,291,050Net Assets 2021: $4,765,2102021Assets 2022: $6,498,449Liabilities 2022: $1,147,750Net Assets 2022: $5,350,6992022Assets 2023: $6,976,098Liabilities 2023: $1,037,592Net Assets 2023: $5,938,5062023Assets 2024: $7,466,256Liabilities 2024: $946,803Net Assets 2024: $6,519,4532024

Highlighted filing

2024

Assets$7,466,256
Liabilities$946,803
Net Assets$6,519,453
Open 2024 Filing

Operations Trend

Revenue Growth45th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2017: $1,588,960Expenses 2017: $1,712,756Net Income 2017: -$123,7962017Revenue 2018: $1,743,684Expenses 2018: $1,562,656Net Income 2018: $181,0282018Revenue 2019: $2,030,175Expenses 2019: $2,096,053Net Income 2019: -$65,8782019Revenue 2020: $2,252,550Expenses 2020: $2,258,469Net Income 2020: -$5,9192020Revenue 2021: $2,296,344Expenses 2021: $2,450,100Net Income 2021: -$153,7562021Revenue 2022: $2,486,757Expenses 2022: $2,638,706Net Income 2022: -$151,9492022Revenue 2023: $2,628,159Expenses 2023: $2,239,604Net Income 2023: $388,5552023Revenue 2024: $2,758,745Expenses 2024: $2,774,911Net Income 2024: -$16,1662024

Highlighted filing

2024

Revenue$2,758,745
Expenses$2,774,911
Net Income-$16,166
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$7,466,256
Liabilities
$946,803
Net assets
$6,519,453
Revenue
$2,758,745
Expenses
$2,774,911
Net income
-$16,166
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.47$0.95$6.52$2.76$2.77$0.02
2023Detailed filing. Detailed filing data is available for this year.$6.98$1.04$5.94$2.63$2.24$0.39
2022Detailed filing. Detailed filing data is available for this year.$6.50$1.15$5.35$2.49$2.64$0.15
2021Detailed filing. Detailed filing data is available for this year.$6.06$1.29$4.77$2.30$2.45$0.15
2020Detailed filing. Detailed filing data is available for this year.$5.66$1.26$4.41$2.25$2.26$0.01
2019Detailed filing. Detailed filing data is available for this year.$4.49$1.32$3.17$2.03$2.10$0.07
2018Detailed filing. Detailed filing data is available for this year.$4.38$1.54$2.84$1.74$1.56$0.18
2017Summary only. Only limited summary data is available for this year.$3.54$0.85$2.70$1.59$1.71$0.12
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 10, 2025
Return Version
2024v5.2
Gross Receipts
$2,758,745
Mission and Program Overview

Mission

To provide the telecommunications needs of our cooperative members with leading edge technology, services and value.

To provide the telecommunications needs of our cooperative members with leading edge technology, services, and value.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pd in Cap Srpls Land Bldg Eqp Fund$4,573,207$4,785,085▲ $211,878
Land, Buildings, and Equipment, Net$4,037,539$4,043,002▲ $5,463
Rtn Earn Endowment Incm Other Fnds$1,365,299$1,734,368▲ $369,069
Savings and Temporary Cash Investments$870,930$962,862▲ $91,932
Investments Other Securities$892,274$892,274→ $0
Pledges and Grants Receivable$284,206$0▼ $284,206
Intangible Assets$157,498$157,498→ $0
Inventories for Sale or Use$102,622$46,718▼ $55,904
Accounts Receivable$63,059$46,006▼ $17,053
Cash and Non-Interest-Bearing Accounts$6,063$32,808▲ $26,745
Prepaid Expenses and Deferred Charges$11,032$9,762▼ $1,270
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$6,976,098$7,466,256▲ $490,158
Other Assets Total$550,875$1,275,326▲ $724,451
Liabilities
Mortgage Notes Payable Secured by Investment Property$968,390$891,675▼ $76,715
Accounts Payable and Accrued Expenses$53,875$39,385▼ $14,490
Other Liabilities$15,327$15,743▲ $416
Total Liabilities$1,037,592$946,803▼ $90,789
Net Assets / Fund Balance
Total Net Assets Fund Balance$5,938,506$6,519,453▲ $580,947
Total Liabilities and Net Assets / Fund Balance$6,976,098$7,466,256▲ $490,158

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$3,938,683$6,746,381$10,685,064
Buildings$67,708$191,000$258,708
Land$36,611-$36,611
Other Assets Org$1,275,326--
Other Securities$892,274--
Compensation and Service Providers
Top Officer Pay83rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Terri BumannOffice Manager/CFOFT$86,050$20,065$106,115
David SchnackVice-president-$1,875-$1,875
Harry SlaymakerPresident-$1,875-$1,875
Kurt CrosthwaiteDirector-$1,750-$1,750
Ashley SmithDirector-$1,625-$1,625
Kurt OlsonDirector-$1,625-$1,625
Greg AdamsSecretary/treasurer-$1,500-$1,500
Tom MichoskiDirector-$1,375-$1,375

Highest Paid Contractors

ContractorServicesLocationCompensation
Burken Underground LLCBury Fiber Optics/drops8827 ESGATE RD, Maquoketa, IA 52060$494,951
Swick Cable Contractors INCFiber SplicingPO BOX 107, Tipton, IA 52772-1070$195,944
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,687,272
Investment Income
$63,196
Other Revenue
$8,277
Change in Net Assets
$-16,166

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,758,745
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,758,745
Total Revenue per Form 990
$2,758,745
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,015,087
Salaries, Compensation, and Employee Benefits$117,740
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$642,084
All Other Expenses---$581,772
Depreciation Depletion---$512,402
Other Expenses---$259,100
Current Officers, Directors, Trustees, and Key Employees---$117,740
Interest---$51,686
Advertising---$5,703
Total Functional Expenses$0$0$0$2,774,911

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$2,774,911
Expenses per Audited Statements$2,132,827
Total Expenses per Audited Statements$2,132,827
Expenses Not Reported on Financial Statements$642,084
Other Expense Adjustments$642,084
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Taxes$15,743
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“One membership per household which equals one vote per household. There is no cost for a membership as of january 1, 2017. Prior to that date, all memberships were $50 per membership and are paid out when a member moves away from our service area or upon death.”

Form 990, Part VI, Section A, Line 7A

“Director positions are voted on by the members at the annual meeting held in april of each year. Director terms are for 3 years, and there is no limit on the number of terms served. If a director resigns at any time during his/her term, the directors then have the authority to appoint a replacement.”

Form 990, Part VI, Section A, Line 7B

“Any changes to the articles must be voted on by the members.”

Form 990, Part VI, Section B, Line 11B

“The 990 is reviewed by the general manager and then approved. A copy of the 990 will be provided to the board of directors at a monthly board meeting.”

Form 990, Part VI, Section B, Line 12C

“If a conflict occurs, it's brought up at monthly board meetings to discuss and resolve the situation.”

Form 990, Part VI, Section B, Line 15

“A yearly review is done by the board of directors for the general manager position. The general manager does the reviews for the staff. The board decides and approves (if any) the increase of compensation for the general manager. They also approve a budgeted dollar amount each year for the staff's raises and/or bonuses to be determined by the general manager.”

Form 990, Part VI, Section C, Line 19

“Financial statements are distributed to the members who attend the annual meeting. Copies are also available upon request.”

Filing and Contact Details

Filer

Filer Name
Grand Mound Cooperative Telephone
EIN
42-0652325
Phone
5638473000
Address
705 CLINTON STREET, GRAND MOUND, IA 52751
Doing Business As
Grand Mound Communications

Signing Officer

Name
Travis Ballou
Title
General Manager
Phone
5638473000
Signed
2025-10-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Travis Ballou
Formed
1947
Legal Domicile
Ia
Voting Board Members
7
Independent Board Members
7
Employees
9
Volunteers
0

Preparer

Firm
Olsen Thielen & Co Ltd
Address
2675 LONG LAKE ROAD, ROSEVILLE, MN 55113-1117
Preparer
Nathaniel L Nelson CPA
Phone
6514834521
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

“Broadband internet expense 180,251. Customer operations 170,414. Wireless internet expense 169,982. Plant support 30,769. Long distance expense 18,659. Property taxes 11,697.”

FORM 990, PART XI, LINE 9:

“Patronage dividends paid -44,721. Net change in memberships -250. Allocation of 2024 margins reported on page 10, part ix, line 4 642,084.”

FORM 990, PART XII, LINE 2C:

“The process for committee oversight of the audit has not changed from the previous year.”

Financial Statement Notes

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. 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 XII, LINE 4B - OTHER ADJUSTMENTS:

“Allocation of 2024 margins reported on page 10, part ix, line 4: 642,084.”

Raw XML AppendixShowing 400 of 403 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/MembersAndShrGrossIncomeAmt02198386
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE THE TELECOMMUNICATIONS NEEDS OF OUR COOPERATIVE MEMBERS WITH LEADING EDGE TECHNOLOGY, SERVICES, AND VALUE.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0968390
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0891675
IRS990/NetAssetsOrFundBalancesBOYAmt05938506
IRS990/NetAssetsOrFundBalancesEOYAmt06519453
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt03023
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt08277
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt05254
IRS990/NetUnrelatedBusTxblIncmAmt01381
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0550875
IRS990/OtherAssetsTotalGrp/EOYAmt01275326
IRS990/OtherChangesInNetAssetsAmt0597113
IRS990/OtherExpensesGrp/Desc0CORPORATE TAXES
IRS990/OtherExpensesGrp/Desc1CORPORATE OPERATIONS
IRS990/OtherExpensesGrp/Desc2VIDEO EXPENSE
IRS990/OtherExpensesGrp/Desc3PLANT SPECIFIC
IRS990/OtherExpensesGrp/TotalAmt03000
IRS990/OtherExpensesGrp/TotalAmt1310593
IRS990/OtherExpensesGrp/TotalAmt2290831
IRS990/OtherExpensesGrp/TotalAmt3259100
IRS990/OtherLiabilitiesGrp/BOYAmt015327
IRS990/OtherLiabilitiesGrp/EOYAmt015743
IRS990/OtherSourcesGrossIncomeAmt016379
IRS990/PartialLiquidationInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt04573207
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt04785085
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0284206
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt011032
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt09762
IRS990/PrincipalOfficerNm0TRAVIS BALLOU
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0517000
IRS990/ProgramServiceRevenueGrp/BusinessCd1541800
IRS990/ProgramServiceRevenueGrp/Desc0TELEPHONE SERVICES
IRS990/ProgramServiceRevenueGrp/Desc1ADVERTISING INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02685722
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt10
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02685722
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11550
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt01550
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt0255624
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt061629
IRS990/PYOtherExpensesAmt01874470
IRS990/PYOtherRevenueAmt014433
IRS990/PYProgramServiceRevenueAmt02552097
IRS990/PYRevenuesLessExpensesAmt0388555
IRS990/PYSalariesCompEmpBnftPaidAmt0109510
IRS990/PYTotalExpensesAmt02239604
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02628159
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-16166
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt08277
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01365299
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01734368
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0870930
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0962862
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt067708
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0191000
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0258708
IRS990ScheduleD/EquipmentGrp/BookValueAmt03938683
IRS990ScheduleD/EquipmentGrp/DepreciationAmt06746381
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt010685064
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0642084
IRS990ScheduleD/ExpensesSubtotalAmt02132827
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt036611
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt036611
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01275326
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0PLANT UNDER CONSTRUCTION
IRS990ScheduleD/OtherExpensesNotIncludedAmt0642084
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt015743
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED TAXES
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0892274
IRS990ScheduleD/OtherSecuritiesGrp/Desc0OTHER INVESTMENTS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02758745
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ASC 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. 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.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1ALLOCATION OF 2024 MARGINS REPORTED ON PAGE 10, PART IX, LINE 4: 642,084.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04043002
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01275326
IRS990ScheduleD/TotalBookValueSecuritiesAmt0892274
IRS990ScheduleD/TotalExpensesPerForm990Amt02774911
IRS990ScheduleD/TotalLiabilityAmt015743
IRS990ScheduleD/TotalRevenuePerForm990Amt02758745
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02758745
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02132827
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ONE MEMBERSHIP PER HOUSEHOLD WHICH EQUALS ONE VOTE PER HOUSEHOLD. THERE IS NO COST FOR A MEMBERSHIP AS OF JANUARY 1, 2017. PRIOR TO THAT DATE, ALL MEMBERSHIPS WERE $50 PER MEMBERSHIP AND ARE PAID OUT WHEN A MEMBER MOVES AWAY FROM OUR SERVICE AREA OR UPON DEATH.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DIRECTOR POSITIONS ARE VOTED ON BY THE MEMBERS AT THE ANNUAL MEETING HELD IN APRIL OF EACH YEAR. DIRECTOR TERMS ARE FOR 3 YEARS, AND THERE IS NO LIMIT ON THE NUMBER OF TERMS SERVED. IF A DIRECTOR RESIGNS AT ANY TIME DURING HIS/HER TERM, THE DIRECTORS THEN HAVE THE AUTHORITY TO APPOINT A REPLACEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANY CHANGES TO THE ARTICLES MUST BE VOTED ON BY THE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE 990 IS REVIEWED BY THE GENERAL MANAGER AND THEN APPROVED. A COPY OF THE 990 WILL BE PROVIDED TO THE BOARD OF DIRECTORS AT A MONTHLY BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4IF A CONFLICT OCCURS, IT'S BROUGHT UP AT MONTHLY BOARD MEETINGS TO DISCUSS AND RESOLVE THE SITUATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5A YEARLY REVIEW IS DONE BY THE BOARD OF DIRECTORS FOR THE GENERAL MANAGER POSITION. THE GENERAL MANAGER DOES THE REVIEWS FOR THE STAFF. THE BOARD DECIDES AND APPROVES (IF ANY) THE INCREASE OF COMPENSATION FOR THE GENERAL MANAGER. THEY ALSO APPROVE A BUDGETED DOLLAR AMOUNT EACH YEAR FOR THE STAFF'S RAISES AND/OR BONUSES TO BE DETERMINED BY THE GENERAL MANAGER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6FINANCIAL STATEMENTS ARE DISTRIBUTED TO THE MEMBERS WHO ATTEND THE ANNUAL MEETING. COPIES ARE ALSO AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7BROADBAND INTERNET EXPENSE 180,251. CUSTOMER OPERATIONS 170,414. WIRELESS INTERNET EXPENSE 169,982. PLANT SUPPORT 30,769. LONG DISTANCE EXPENSE 18,659. PROPERTY TAXES 11,697.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8PATRONAGE DIVIDENDS PAID -44,721. NET CHANGE IN MEMBERSHIPS -250. ALLOCATION OF 2024 MARGINS REPORTED ON PAGE 10, PART IX, LINE 4 642,084.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9THE PROCESS FOR COMMITTEE OVERSIGHT OF THE AUDIT HAS NOT CHANGED FROM THE PREVIOUS YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART IX, LINE 24E
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt06976098
IRS990/TotalAssetsEOYAmt07466256
IRS990/TotalAssetsGrp/BOYAmt06976098
IRS990/TotalAssetsGrp/EOYAmt07466256
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt09
IRS990/TotalFunctionalExpensesGrp/TotalAmt02774911
IRS990/TotalGrossUBIAmt06804
IRS990/TotalLiabilitiesBOYAmt01037592
IRS990/TotalLiabilitiesEOYAmt0946803
IRS990/TotalLiabilitiesGrp/BOYAmt01037592
IRS990/TotalLiabilitiesGrp/EOYAmt0946803
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt05938506
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt06519453
IRS990/TotalOtherCompensationAmt020065
IRS990/TotalProgramServiceRevenueAmt02687272
IRS990/TotalReportableCompFromOrgAmt097675
IRS990/TotalRevenueGrp/ExclusionAmt063196
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02688745
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02758745
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt06804
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt06976098
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt07466256
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd01
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0705 CLINTON STREET
IRS990/USAddress/CityNm0GRAND MOUND
IRS990/USAddress/StateAbbreviationCd0IA
IRS990/USAddress/ZIPCd052751
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.GMTEL.NET
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0TRAVIS BALLOU
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0GENERAL MANAGER
ReturnHeader/BusinessOfficerGrp/PhoneNum05638473000
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-10-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GRAND MOUND COOPERATIVE TELEPHONE
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0GRAN
ReturnHeader/Filer/EIN0420652325
ReturnHeader/Filer/PhoneNum05638473000
ReturnHeader/Filer/USAddress/AddressLine1Txt0705 CLINTON STREET
ReturnHeader/Filer/USAddress/CityNm0GRAND MOUND
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
ReturnHeader/Filer/USAddress/ZIPCd052751
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0411360831
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0OLSEN THIELEN & CO LTD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02675 LONG LAKE ROAD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ROSEVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0551131117
ReturnHeader/PreparerPersonGrp/PhoneNum06514834521
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0NATHANIEL L NELSON CPA
ReturnHeader/ReturnTs02025-10-10T15:08:24-05:00
ReturnHeader/ReturnTypeCd0990

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