2024-05-17T13:46:18-05:00 2023-06-30 814234542 BPM LLP 10 ALMADEN BOULEVARD SUITE 1000 SAN JOSE CA 951132238 990 2022-07-01 270531963 CALIFORNIA BROADBAND COOPERATIVE INC CALI 7075518221 10621 CHURCH STREET 100 RANCHO CUCAMONGA CA 917306834 ROBERT VOLKER CEO 7075518221 2024-05-14 1 ROBERT VOLKER 999009999 1 ANTHONY J GALES P01241476 4089616300 2024-05-14 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z ROBERT VOLKER 10621 CHURCH STREET 100 RANCHO CUCAMONGA CA 917306834 5637738 0 X WWW.DIGITAL395.COM X 2009 CA OWNING AND OPERATING A BROADBAND NETWORK IN THE EASTERN SIERRA REGION OF CALIFORNIA AND NEVADA. 11 9 0 0 0 0 0 0 5529798 5622846 0 0 19710 14892 5549508 5637738 0 0 0 0 87000 140742 0 0 0 10721181 11233911 10808181 11374653 -5258673 -5736915 66534992 60826622 7698096 7726641 58836896 53099981 OWNING AND OPERATING A BROADBAND NETWORK IN THE EASTERN SIERRA REGION OF CALIFORNIA AND NEVADA. 0 0 OWNING AND OPERATING A BROADBAND NETWORK IN THE EASTERN SIERRA REGION OF CALIFORNIA AND NEVADA. 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 1 0 0 0 1 0 0 0 0 0 0 0 0 1 20 0 0 0 0 0 0 0 0 0 5637738 0 0 0 0 X 11 9 1 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 0 0 0 CA X THE ORGANIZATION 7075518221 10621 CHURCH ST SUITE 100 RANCHO CUCAMONGA CA 917306834 NATE GREENBERG CHAIR (THROUGH 08/22) 5.00 X X 0 0 0 SANDRA MOBERLY CHAIR (FROM 08/22) 1.00 X X 6000 0 0 SCOTT ARMSTONG VICE CHAIR 10.00 X X 8000 0 0 GEOFFREY HILL DIRECTOR 1.00 X 7000 0 0 TIMOTHY FESKO DIRECTOR 1.00 X 8000 0 0 NICOLAS KEELER DIRECTOR 20.00 X 8000 0 0 JAMES SUVER DIRECTOR 1.00 X 8000 0 0 JOSEPH GRIEGO DIRECTOR 1.00 X 8000 0 0 MICHAEL ORT COO (THROUGH 11/22) 10.00 X X 8000 0 0 BRADFORD BANTA COO (FROM 08/23) 5.00 X X 3000 0 0 ROBERT VOLKER SECRETARY & CEO 10.00 X X 3000 0 0 JUSTIN SPEAKE DIRECTOR 1.00 X 8000 0 0 JERRY TAYLOR DIRECTOR 1.00 X 7000 0 0 TIM SANSOM CFO 20.00 X 0 0 0 82000 0 0 0 0 0 0 PRAXIS ASSOCIATES INC 873 NORTH MAIN STREET SUITE 223 BISHOP CA 93514 MANAGEMENT SERVICES 2030448 1 COMMERCIAL SERVICES RE 517000 5071026 5071026 TELECOMMUN. INFRASTRUC 532000 551820 551820 5622846 MISCELLANEOUS REVENUE 900099 14892 14892 14892 5637738 5637738 0 0 X 140742 121595 61021 2097804 5113 384406 1717 1983 5801598 47905 O/H, RESIDUAL PAYMENT 1225610 REPAIRS & MAINTENANCE 568357 COMMERCIAL SERVICES DIR 358352 PROPERTY TAXES 257317 301133 11374653 772480 1021971 1781613 739931 348691 1089332 15943 13993 111670836 53856168 63616265 57814668 0 146727 66534992 60826622 24031 203329 7298079 6746710 230937 511238 145049 265364 7698096 7726641 X 0 0 0 0 58836896 53099981 58836896 53099981 66534992 60826622 -5736915 0 X 0 1 X 0 0 367645 367645 99322323 45815084 53507239 1901102 879277 1021825 5168347 3936434 1231913 4911419 3225373 1686046 57814668 ACCRUED TAX LIABILITY 113572 LEASE LIABILITIES 151792 265364 X 5637738 0 5637738 0 5637738 11374653 0 11374653 0 11374653 PART X, LINE 2: CALIFORNIA BROADBAND COOPERATIVE, INC. ("CBC") IS EXEMPT FROM TAXATION UNDER SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE AND IS GENERALLY NOT SUBJECT TO FEDERAL INCOME TAX. UNDER THE CALIFORNIA REVENUE AND TAXATION CODE, CBC IS A FOR-PROFIT CORPORATION, WHICH IS SUBJECT TO CALIFORNIA FRANCHISE TAX. HOWEVER, CBC'S MANAGEMENT BELIEVES THAT IT QUALIFIES AS A COOPERATIVE ASSOCIATION UNDER CR & TC SECTION 24405, WHICH PROVIDES AN EXCLUSION TO PAY TAX ON OTHERWISE TAXABLE INCOME DERIVED FROM MEMBERS OF THE COOPERATIVE. AS OF JUNE 30, 2023, CBC HAD NO MATERIAL NON-MEMBER INCOME. AS A FOR-PROFIT CORPORATION FOR STATE PURPOSES, CBC USES THE LIABILITY METHOD TO ACCOUNT FOR INCOME TAXES. UNDER THIS METHOD, DEFERRED INCOME TAX ASSETS AND LIABILITIES ARE BASED ON THE DIFFERENCES BETWEEN THE FINANCIAL STATEMENT AND TAX BASES OF ASSETS AND LIABILITIES THAT WILL RESULT IN TAXABLE OR DEDUCTIBLE AMOUNTS IN THE FUTURE BASED ON ENACTED TAX LAWS AND RATES APPLICABLE TO THE PERIODS IN WHICH THE DIFFERENCES ARE EXPECTED TO AFFECT TAXABLE INCOME. AS OF JUNE 30, 2023, THERE WERE NO SIGNIFICANT DEFERRED TAX ASSETS OR LIABILITIES. VALUATION ALLOWANCES ARE ESTABLISHED WHEN NECESSARY TO REDUCE DEFERRED TAX ASSETS TO THE AMOUNT EXPECTED TO BE REALIZED. AT JUNE 30, 2023, CBC DID NOT HAVE A VALUATION ALLOWANCE. OCCASIONALLY, CBC WILL RECOGNIZE REVENUE FROM NON-MEMBERS WHICH IS SUBJECT TO UNRELATED BUSINESS INCOME TAX ("UBIT") UNDER THE CALIFORNIA REVENUE AND TAXATION CODE BUT NOT THE FEDERAL INTERNAL REVENUE CODE. CBC FOLLOWS GUIDANCE FOR THE RECOGNITION OF UNCERTAIN TAX POSITIONS. CBC HAS CONCLUDED THERE ARE NO UNCERTAIN TAX POSITIONS FOR TAX YEAR END JUNE 30, 2023. INYO NETWORKS INC 35-PERCENT CONTROLLED ENTITY ACCOUNTS PAYABLE X 179603 0 0 1 PRAXIS ASSOCIATES INC 35-PERCENT CONTROLLED ENTITY SUBRECIPIENT OBLIGATION PAYMENT X 331056 0 1 1 INYO NETWORKS INC 35-PERCENT CONTROLLED ENTITY ACCOUNTS RECEIVABLE X 1089332 0 0 1 PRAXIS OPTIC 35-PERCENT CONTROLLED ENTITY SUBRECIPIENT OBLIGATION PAYMENT X 579 0 1 1 1600570 INYO NETWORKS INC 35-PERCENT CONTROLLED ENTITY 20317 THE ORGANIZATION PAID INYO NETWORKS, INC SALES COMMISSIONS. ROBERT VOLKER AND MICHAEL ORT, OFFICERS AND BOARD MEMBERS OF CALIFORNIA BROADBAND COOPERATIVE, INC, TOGETHER OWN MORE THAN 35% OF INYO NETWORKS, INC. 0 INYO NETWORKS INC 35-PERCENT CONTROLLED ENTITY 2100000 IN OCTOBER 2019, THE ORGANIZATION ENTERED INTO A NEW IRU LEASE WITH INYO NETWORKS FOR 6 DARK FIBERS FOR A $2,100,000 IRU FEE AND ANNUAL MAINTENANCE FEES OF $31,500 FOR A TERM OF 20 YEARS WITH THE OPTION OF TWO ADDITIONAL 10-YEAR RENEWALS. AS OF THE YEAR ENDED JUNE 30, 2022, COMMERCIAL SERVICES RECOGNIZED FROM THIS CONTRACT TOTALED $280,000 AND $1,820,000 IS INCLUDED WITHIN DEFERRED REVENUE. ROBERT VOLKER AND MICHAEL ORT, OFFICERS AND BOARD MEMBERS OF CALIFORNIA BROADBAND COOPERATIVE, INC, TOGETHER OWN MORE THAN 35% OF INYO NETWORKS, INC. 0 PRAXIS ASSOCIATES INC 35-PERCENT CONTROLLED ENTITY 2030448 THE ORGANIZATION PAID PRAXIS ASSOCIATES, INC FOR PROJECT MANAGEMENT SERVICES. ROBERT VOLKER AND MICHAEL ORT, OFFICERS AND BOARD MEMBERS OF CALIFORNIA BROADBAND COOPERATIVE, INC, TOGETHER OWN MORE THAN 35% OF PRAXIS ASSOCIATES, INC. 1 PRAXIS ASSOCIATES INC 35-PERCENT CONTROLLED ENTITY 1225610 CBC HAS ENTERED INTO A SUBRECIPIENT AGREEMENT WITH PRAXIS ASSOCIATES, INC. (PRAXIS). BEGINNING WITH THE QUARTER ENDED MARCH 31, 2020, CBC WILL MAKE QUARTERLY PAYMENTS TO PRAXIS IN THE AMOUNT OF 20% OF ITS COMMISSIONABLE REVENUE THROUGH DECEMBER 31, 2032. THE RESIDUAL PAYMENT EXPENSE INCURRED WAS $1,067,091 FOR THE YEAR ENDED JUNE 30, 2022. 0 FORM 990, PART VI, SECTION A, LINE 2 ROBERT VOLKER AND MICHAEL ORT ARE OWNERS OF BOTH PRAXIS ASSOCIATES, INC. AND INYO, INC. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS COOPERATIVE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE COOPERATIVE ELECT THE MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PREPARED BY AN INDEPENDENT CPA FIRM IN CONJUNCTION WITH THE ORGANIZATION'S CFO. A DRAFT OF FORM 990 IS REVIEWED BY THE ACCOUNTANT, AND ANY CORRECTIONS OR MODIFICATIONS ARE MADE BY THE OUTSIDE CPA. ANY CONCERNS THAT THE CFO HAS RAISED WITH THE CPA FIRM IS RESOLVED AND A CONSENSUS IS ACHIEVED. THE RETURN IS THEN FINALIZED AND ELECTRONICALLY FILED WITH THE TAXING AUTHORITIES. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS MONITORS COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY ON THE ANNUAL BASIS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G NETWORK OPERATIONS 2,030,448. OTHE PROFESSIONAL FEES 67,356.