Paul Bunyan Rural Telephone Cooperative
- Assets
- $167.6m
- Revenue
- $74.2m
- Investments
- $2.4m
- Employees
- 161
- Location
- Bemidji, MN
- Founding
- 05/1958
- Data as of
- 12/2021
- EIN
- 41-0745441
Organization Overview
Paul Bunyan Rural Telephone Cooperative is located in Bemidji, MN. The organization was established in 1958. According to its NTEE Classification (W50) the organization is classified as: Telecommunications, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Paul Bunyan Rural Telephone Cooperative employed 161 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Paul Bunyan Rural Telephone Cooperative is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.
For the year ending 12/2021, Paul Bunyan Rural Telephone Cooperative generated $74.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $72.7m during the year ending 12/2021. While expenses have increased by 3.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE TELECOMMUNICATION SERVICES TO COOPERATIVE MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVISION OF TELEPHONE, INTERNET, AND CABLE TELEVISION SERVICES TO COOPERATIVE MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Johnson CEO & Gm | Officer | 40 | $377,457 |
Dave Schultz Chief Financial Officer | Officer | 40 | $230,375 |
Steve Howard Info, Tech & Development M | 40 | $187,470 | |
Robert St Clair Network Operations Manager | 40 | $185,543 | |
Leo Anderson Jr Technology Experience Mana | 40 | $164,150 | |
Christie Turn Customer Service Manager | 40 | $143,816 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
North Central Service Inc Fiber Construction | 12/30/21 | $8,544,610 |
Cooperative Development Llc Fiber Construction | 12/30/21 | $4,791,386 |
Cooperative Network Services Llc Engineering | 12/30/21 | $640,930 |
Onvoy Llc Long Distance Traffic Transport | 12/30/21 | $800,443 |
National Information Solutions Cooperati Billing | 12/30/21 | $963,175 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $73,857,419 |
| Investment income | $50,247 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $291,404 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $74,199,172 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $15,901,092 |
| Compensation of current officers, directors, key employees. | $2,075,775 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $2,309,342 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $61,642 |
| Fees for services: Accounting | $1,074,257 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,071,347 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,382,043 |
| Insurance | $0 |
| All other expenses | $9,026,368 |
| Total functional expenses | $72,704,100 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $956,571 |
| Savings and temporary cash investments | $11,659,848 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $178,792 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $353,508 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $226,608 |
| Net Land, buildings, and equipment | $127,254,054 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,445,983 |
| Investments—program-related | $9,460,369 |
| Intangible assets | $0 |
| Other assets | $15,055,299 |
| Total assets | $167,591,032 |
| Accounts payable and accrued expenses | $6,834,664 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $32,315,345 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,674,421 |
| Total liabilities | $46,824,430 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $118,252,461 |
| Retained earnings, endowment, accumulated income, or other funds | $2,514,141 |
| Total liabilities and net assets/fund balances | $167,591,032 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Paul Bunyan Rural Telephone Cooperative Bemidji, MN | $167,591,032 | $74,199,172 |
South Slope Cooperative Telephone Company Inc North Liberty, IA | $103,327,478 | $39,258,245 |
Vernon Communications Cooperative Inc Westby, WI | $43,756,692 | $18,296,533 |
West Central Telephone Association Sebeka, MN | $34,025,496 | $12,330,279 |
Runestone Telephone Association Hoffman, MN | $32,214,901 | $11,495,965 |
Kalona Cooperative Telephone Company Kalona, IA | $16,733,268 | $7,276,052 |
Nelson Communications Cooperative Durand, WI | $35,266,110 | $8,238,356 |
Richland-Grant Telephone Cooperative Inc Blue River, WI | $18,746,059 | $6,374,669 |
La Valle Telephone Cooperative La Valle, WI | $13,091,792 | $4,810,156 |
On Being Project Minneapolis, MN | $6,237,366 | $6,582,457 |
Emily Cooperative Telephone Company Emily, MN | $11,451,551 | $4,355,246 |
Lehigh Valley Co-Operative Telephone Association Lehigh, IA | $19,306,008 | $3,317,069 |